Dimitris Papanikolaou

Northwestern University - Kellogg School of Management - Department of Finance

Assistant Professor

Evanston, IL 60208

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

33

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Top 2,700

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22,470

SSRN CITATIONS
Rank 456

SSRN RANKINGS

Top 456

in Total Papers Citations

2,330

CROSSREF CITATIONS

422

Scholarly Papers (33)

1.
Downloads 5,947 ( 2,431)
Citation 638

Technological Innovation, Resource Allocation and Growth

Quarterly Journal of Economics, Forthcoming
Number of pages: 78 Posted: 22 Dec 2012 Last Revised: 02 Mar 2018
Leonid Kogan, Dimitris Papanikolaou, Amit Seru and Noah Stoffman
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Northwestern University - Kellogg School of Management - Department of Finance, Stanford University and Indiana University - Kelley School of Business - Department of Finance
Downloads 5,173 (3,059)
Citation 13

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Innovation, patents, growth, reallocation

Technological Innovation, Resource Allocation, and Growth

NBER Working Paper No. w17769
Number of pages: 46 Posted: 21 Jan 2012 Last Revised: 22 Jul 2023
Leonid Kogan, Dimitris Papanikolaou, Amit Seru and Noah Stoffman
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Northwestern University - Kellogg School of Management - Department of Finance, Stanford University and Indiana University - Kelley School of Business - Department of Finance
Downloads 774 (57,646)
Citation 557

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2.
Downloads 2,861 ( 8,258)
Citation 58

Portfolio Choice with Illiquid Assets

Number of pages: 46 Posted: 26 Oct 2010 Last Revised: 01 Oct 2014
Andrew Ang, Dimitris Papanikolaou and Mark M. Westerfield
Downloads 2,028 (14,058)
Citation 8

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Asset Allocation, Liquidity, Alternative Assets, Liquidity Crises

Portfolio Choice with Illiquid Assets

Management Science, November 2014, Columbia Business School Research Paper No. 14-52
Number of pages: 46 Posted: 03 Oct 2014
Andrew Ang, Dimitris Papanikolaou and Mark M. Westerfield
Downloads 393 (133,833)

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Asset Allocation, Liquidity, Alternative Assets, Liquidity Crises

Portfolio Choice with Illiquid Assets

Netspar Discussion Paper No. 10/2010-092
Number of pages: 47 Posted: 22 Apr 2011 Last Revised: 19 Sep 2014
Andrew Ang, Dimitris Papanikolaou and Mark M. Westerfield
Downloads 348 (153,307)

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Asset allocation, liquidity, alternative assets, liquidity crises

Portfolio Choice with Illiquid Assets

NBER Working Paper No. w19436
Number of pages: 47 Posted: 14 Sep 2013 Last Revised: 09 Feb 2023
Andrew Ang, Dimitris Papanikolaou and Mark M. Westerfield
Downloads 92 (498,155)
Citation 26

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3.
Downloads 2,469 (10,420)
Citation 82

Measuring Technological Innovation Over the Long Run

Yale ICF Working Paper No. 2018-19
Number of pages: 47 Posted: 05 Dec 2018 Last Revised: 11 Jun 2020
Bryan T. Kelly, Dimitris Papanikolaou, Amit Seru and Matt Taddy
Yale SOM, Northwestern University - Kellogg School of Management - Department of Finance, Stanford University and University of Chicago
Downloads 2,124 (13,037)

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Measuring Technological Innovation Over the Long Run

NBER Working Paper No. w25266
Number of pages: 68 Posted: 19 Nov 2018 Last Revised: 16 Jul 2023
Bryan T. Kelly, Dimitris Papanikolaou, Amit Seru and Matt Taddy
Yale SOM, Northwestern University - Kellogg School of Management - Department of Finance, Stanford University and University of Chicago
Downloads 345 (154,813)
Citation 6

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4.
Downloads 1,982 (14,841)
Citation 18

Intangible Value

Critical Finance Review, 2022, 11(2): pp. 299-332
Number of pages: 67 Posted: 31 Dec 2020 Last Revised: 06 Jun 2022
Andrea L. Eisfeldt, Edward T. Kim and Dimitris Papanikolaou
UCLA Anderson School of Management, University of Michigan, Stephen M. Ross School of Business and Northwestern University - Kellogg School of Management - Department of Finance
Downloads 1,921 (15,325)
Citation 7

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Value investing, value factor, intangible assets, intangible capital

Intangible Value

NBER Working Paper No. w28056
Number of pages: 68 Posted: 09 Nov 2020 Last Revised: 27 Feb 2023
Andrea L. Eisfeldt, Edward T. Kim and Dimitris Papanikolaou
UCLA Anderson School of Management, University of Michigan, Stephen M. Ross School of Business and Northwestern University - Kellogg School of Management - Department of Finance
Downloads 61 (633,417)
Citation 11

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5.

Organization Capital and the Cross-Section of Expected Returns

Journal of Finance, Forthcoming
Number of pages: 53 Posted: 14 Mar 2009 Last Revised: 20 Mar 2013
Andrea L. Eisfeldt and Dimitris Papanikolaou
Downloads 1,089 (36,442)
Citation 118

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Working Remotely and the Supply-Side Impact of COVID-19

Number of pages: 68 Posted: 02 Jun 2020 Last Revised: 13 Aug 2021
Dimitris Papanikolaou and Lawrence Schmidt
Downloads 717 (63,885)
Citation 1

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Working Remotely and the Supply-Side Impact of Covid-19

NBER Working Paper No. w27330
Number of pages: 51 Posted: 10 Jun 2020 Last Revised: 06 Mar 2022
Dimitris Papanikolaou and Lawrence Schmidt
Downloads 125 (399,010)
Citation 29

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Technology and Labor Displacement: Evidence from Linking Patents with Worker-Level Data

Number of pages: 95 Posted: 06 May 2020 Last Revised: 27 Nov 2023
Leonid Kogan, Dimitris Papanikolaou, Lawrence Schmidt and Bryan Seegmiller
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Northwestern University - Kellogg School of Management - Department of Finance, MIT Sloan School of Management and Northwestern University - Kellogg School of Management
Downloads 768 (58,274)

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Technology, Vintage-Specific Human Capital, and Labor Displacement: Evidence from Linking Patents with Occupations

NBER Working Paper No. w29552
Number of pages: 62 Posted: 13 Dec 2021 Last Revised: 16 Apr 2023
Leonid Kogan, Dimitris Papanikolaou, Lawrence Schmidt and Bryan Seegmiller
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Northwestern University - Kellogg School of Management - Department of Finance, MIT Sloan School of Management and Northwestern University - Kellogg School of Management
Downloads 21 (930,524)

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Winners and Losers: Creative Destruction and the Stock Market

Number of pages: 71 Posted: 23 Dec 2012 Last Revised: 12 Oct 2017
Leonid Kogan, Dimitris Papanikolaou and Noah Stoffman
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Northwestern University - Kellogg School of Management - Department of Finance and Indiana University - Kelley School of Business - Department of Finance
Downloads 732 (62,190)
Citation 11

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general equilibrium, asset pricing, innovation, risk sharing, technology shocks

Winners and Losers: Creative Destruction and the Stock Market

NBER Working Paper No. w18671
Number of pages: 72 Posted: 05 Jan 2013 Last Revised: 09 Jul 2023
Leonid Kogan, Dimitris Papanikolaou and Noah Stoffman
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Northwestern University - Kellogg School of Management - Department of Finance and Indiana University - Kelley School of Business - Department of Finance
Downloads 40 (766,312)
Citation 1

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9.

Sources of Systematic Risk

Number of pages: 37 Posted: 17 Mar 2008 Last Revised: 14 Aug 2010
Igor Makarov and Dimitris Papanikolaou
London School of Economics & Political Science (LSE) and Northwestern University - Kellogg School of Management - Department of Finance
Downloads 557 (89,117)
Citation 6

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Factor analysis, identification, heteroscedasticity

10.

Adverse Selection, Slow Moving Capital and Misallocation

Journal of Financial Economics (JFE)
Number of pages: 57 Posted: 09 Oct 2013 Last Revised: 26 Mar 2021
William Fuchs, Brett Green and Dimitris Papanikolaou
University of Texas at Austin - Department of Finance, Washington University in St. Louis - John M. Olin Business School and Northwestern University - Kellogg School of Management - Department of Finance
Downloads 555 (89,523)
Citation 18

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Misallocation, Adverse Selection, General Equilibrium, Convex Adjustment Costs

11.

Investment, Idiosyncratic Risk, and Ownership

Journal of Finance, Vol. 67, No. 3, 2012
Number of pages: 52 Posted: 24 Dec 2008 Last Revised: 20 Mar 2013
Dimitris Papanikolaou and Vasia Panousi
Northwestern University - Kellogg School of Management - Department of Finance and University of Montreal, Department of Economics
Downloads 534 (93,952)
Citation 93

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Investment, idiosyncratic risk, managerial ownership

12.

Investment Shocks and Asset Prices

Number of pages: 47 Posted: 21 Nov 2006 Last Revised: 11 Jul 2011
Dimitris Papanikolaou
Downloads 529 (95,012)
Citation 58

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investment-specifc shocks, general equilibrium, asset pricing, cross-sectional tests, real investment opportunity set

Firm Characteristics and Stock Returns: The Role of Investment-Specific Shocks

Number of pages: 66 Posted: 10 Apr 2012 Last Revised: 09 Nov 2018
Leonid Kogan and Dimitris Papanikolaou
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Northwestern University - Kellogg School of Management - Department of Finance
Downloads 475 (107,167)
Citation 67

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stock returns, investment, firm characteristics, predictability, value premium

A Theory of Firm Characteristics and Stock Returns: The Role of Investment-Specific Shocks

NBER Working Paper No. w17975
Number of pages: 69 Posted: 06 Apr 2012 Last Revised: 12 Feb 2023
Leonid Kogan and Dimitris Papanikolaou
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Northwestern University - Kellogg School of Management - Department of Finance
Downloads 47 (717,111)

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14.

Growth Opportunities, Technology Shocks and Asset Prices

Journal of Finance, Forthcoming
Number of pages: 52 Posted: 14 Mar 2009 Last Revised: 20 Mar 2013
Leonid Kogan and Dimitris Papanikolaou
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Northwestern University - Kellogg School of Management - Department of Finance
Downloads 449 (115,800)
Citation 2

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15.
Downloads 431 (121,477)
Citation 32

Developing Novel Drugs

Number of pages: 124 Posted: 05 Jan 2018 Last Revised: 27 Apr 2020
Joshua Krieger, Danielle Li and Dimitris Papanikolaou
Harvard University - Business School (HBS), Massachusetts Institute of Technology (MIT) and Northwestern University - Kellogg School of Management - Department of Finance
Downloads 288 (187,667)
Citation 8

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Drug Development, Innovation, Research & Development

Missing Novelty in Drug Development

NBER Working Paper No. w24595
Number of pages: 115 Posted: 16 May 2018 Last Revised: 16 Mar 2023
Joshua Krieger, Danielle Li and Dimitris Papanikolaou
Harvard University - Business School (HBS), Massachusetts Institute of Technology (MIT) - Sloan School of Management and Northwestern University - Kellogg School of Management - Department of Finance
Downloads 143 (359,008)
Citation 25

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16.
Downloads 384 (138,568)
Citation 2

Technological Innovation and Labor Income Risk

Number of pages: 98 Posted: 25 Jun 2020 Last Revised: 08 Jul 2021
Leonid Kogan, Dimitris Papanikolaou, Lawrence Schmidt and Jae Song
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Northwestern University - Kellogg School of Management - Department of Finance, MIT Sloan School of Management and U.S. Social Security Administration
Downloads 323 (166,220)

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Technological Innovation and Labor Income Risk

Number of pages: 98 Posted: 13 Jul 2020 Last Revised: 07 Jun 2021
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Northwestern University - Kellogg School of Management - Department of Finance, MIT Sloan School of Management, U.S. Social Security Administration and Boston College
Downloads 32 (829,537)

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Technological Innovation and Labor Income Risk

NBER Working Paper No. w26964
Number of pages: 99 Posted: 13 Apr 2020 Last Revised: 06 Mar 2022
Leonid Kogan, Dimitris Papanikolaou, Lawrence Schmidt and Jae Song
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Northwestern University - Kellogg School of Management - Department of Finance, MIT Sloan School of Management and U.S. Social Security Administration
Downloads 29 (855,202)
Citation 2

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17.
Downloads 348 (154,411)
Citation 12

Long-Run Bulls and Bears

Journal of Monetary Economics, 76, S21-S36, 2015.
Number of pages: 38 Posted: 30 Dec 2014 Last Revised: 10 Feb 2017
Downloads 276 (196,114)

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Stock market returns

Long-Run Bulls and Bears

NBER Working Paper No. w20858
Number of pages: 39 Posted: 20 Jan 2015 Last Revised: 30 Jun 2023
Downloads 71 (583,652)
Citation 2

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Long-Run Bulls and Bears

CEPR Discussion Paper No. DP10351
Number of pages: 39 Posted: 23 Jan 2015
Downloads 1 (1,129,463)
Citation 5
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stock market returns

18.

Financial Relationships and the Limits to Arbitrage

Number of pages: 43 Posted: 26 Jul 2005
Jiro E. Kondo and Dimitris Papanikolaou
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Northwestern University - Kellogg School of Management - Department of Finance
Downloads 330 (163,549)
Citation 4

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Limits to arbitrage, inefficient markets, financial relationships

19.

The Value and Ownership of Intangible Capital

American Economic Review, Vol. 104, No. 5, 2014
Number of pages: 8 Posted: 07 Oct 2018
Andrea L. Eisfeldt and Dimitris Papanikolaou
Downloads 286 (190,149)
Citation 63

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In Search of Ideas: Technological Innovation and Executive Pay Inequality

Sloan Foundation Economics Research Paper, Journal of Financial Economics (JFE), Forthcoming
Number of pages: 51 Posted: 06 Feb 2017
Carola Frydman and Dimitris Papanikolaou
Downloads 201 (266,911)

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inequality, technology, executive compensation

In Search of Ideas: Technological Innovation and Executive Pay Inequality

NBER Working Paper No. w21795
Number of pages: 62 Posted: 14 Dec 2015 Last Revised: 22 Jul 2023
Carola Frydman and Dimitris Papanikolaou
Downloads 22 (920,533)
Citation 2

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21.
Downloads 183 (291,112)

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textual analysis, measuring document similarity

22.

Evaluation and Learning in R&D Investment

Number of pages: 55 Posted: 02 Jan 2023
Alexander P. Frankel, Joshua Krieger, Danielle Li and Dimitris Papanikolaou
Chicago Booth, Harvard University - Business School (HBS), Massachusetts Institute of Technology (MIT) and Northwestern University - Kellogg School of Management - Department of Finance
Downloads 121 (407,474)

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Innovation, Exploration, Knowledge Spillovers, Project Evaluation, Drug Development

23.

Growth Opportunities, Technology Shocks, and Asset Prices

NBER Working Paper No. w17795
Number of pages: 57 Posted: 27 Jan 2012 Last Revised: 15 Feb 2023
Leonid Kogan and Dimitris Papanikolaou
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Northwestern University - Kellogg School of Management - Department of Finance
Downloads 75 (558,325)
Citation 19

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25.
Downloads 57 (643,390)

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intangible capital, growth, productivity, factor shares

26.

A Model of Procyclical Exchange Rates

Number of pages: 85 Posted: 20 Dec 2023 Last Revised: 27 Dec 2023
Qiushi Huang, Dimitris Papanikolaou and Leonid Kogan
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF), Northwestern University - Kellogg School of Management - Department of Finance and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 26 (873,438)

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exchange rates, international finance, asset pricing, capital flows, innovation

27.

A Model of Intangible Capital

NBER Working Paper No. w30376
Number of pages: 25 Posted: 22 Aug 2022 Last Revised: 02 Jul 2023
Nicolas Crouzet, Janice Eberly, Andrea L. Eisfeldt and Dimitris Papanikolaou
Downloads 17 (940,390)
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28.

Private and Social Returns to R&D: Drug Development and Demographics

NBER Working Paper No. w28355
Number of pages: 15 Posted: 19 Jan 2021 Last Revised: 24 Jun 2023
Efraim Benmelech, Janice Eberly, Joshua Krieger and Dimitris Papanikolaou
Downloads 13 (980,687)

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29.

Technology and Labor Displacement: Evidence from Linking Patents with Worker-Level Data

NBER Working Paper No. w31846
Number of pages: 95 Posted: 13 Nov 2023
Leonid Kogan, Dimitris Papanikolaou, Lawrence Schmidt and Bryan Seegmiller
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Northwestern University - Kellogg School of Management - Department of Finance, MIT Sloan School of Management and Northwestern University - Kellogg School of Management
Downloads 8 (1,028,392)
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30.

Evaluation and Learning in R&D Investment

NBER Working Paper No. w31290
Number of pages: 56 Posted: 31 May 2023 Last Revised: 01 Jul 2023
Alexander P. Frankel, Joshua Krieger, Danielle Li and Dimitris Papanikolaou
Chicago Booth, Harvard University - Business School (HBS), Massachusetts Institute of Technology (MIT) and Northwestern University - Kellogg School of Management - Department of Finance
Downloads 5 (1,053,500)
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31.

Time-Varying Risk Premia, Labor Market Dynamics, and Income Risk

NBER Working Paper No. w31968
Number of pages: 90 Posted: 18 Dec 2023
Maarten Meeuwis, Dimitris Papanikolaou, Jonathan Rothbaum and Lawrence Schmidt
Washington University in St. Louis - John M. Olin Business School, Northwestern University - Kellogg School of Management - Department of Finance, U.S. Census Bureau, Social, Economic, and Housing Statistics Division and MIT Sloan School of Management
Downloads 4 (1,061,015)
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32.

Technological Innovation, Intangible Capital, and Asset Prices

Annual Review of Financial Economics, Vol. 11, pp. 221-242, 2019
Posted: 12 Jan 2020
Leonid Kogan and Dimitris Papanikolaou
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Northwestern University - Kellogg School of Management - Department of Finance

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33.

Economic Activity of Firms and Asset Prices

Annual Review of Financial Economics, Vol. 4, pp. 361-384, 2012
Posted: 04 Nov 2012
Leonid Kogan and Dimitris Papanikolaou
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Northwestern University - Kellogg School of Management - Department of Finance

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