Fernando Zapatero

Questrom School of Business, Boston University

595 Commonwealth Avenue

Boston, MA 02215

United States

  • Questrom School of Business, Boston University

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    • Tel: 617-353-3631
SCHOLARLY PAPERS

33

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49

CROSSREF CITATIONS

51

Scholarly Papers (33)

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1.

Analytic Pricing of Employee Stock Options

Number of pages: 43 Posted: 03 Nov 2004
Jaksa Cvitanic, Fernando Zapatero and Zvi Wiener
California Institute of Technology - Division of the Humanities and Social Sciences, Questrom School of Business, Boston University and Hebrew University of Jerusalem - Jerusalem School of Business Administration
Downloads 684 (45,568)
Citation 12

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Employee stock options, early exercise, analytic formula

2.

Asset Pricing Implications of Benchmarking: A Two-Factor CAPM

European Journal of Finance Vol.9, p. 343-357, August 2003
Number of pages: 18 Posted: 17 Oct 2003 Last Revised: 17 Mar 2015
Juan-Pedro Gomez and Fernando Zapatero
IE Business School - IE University and Questrom School of Business, Boston University
Downloads 475 (72,371)
Citation 15

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Asset pricing, benchmark portfolio, relative performance

3.

A Tale of Two Types: Generalists vs. Specialists in Asset Management

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 59 Posted: 26 Oct 2015 Last Revised: 29 Apr 2021
Rafael Zambrana and Fernando Zapatero
University of Notre Dame - Mendoza College of Business and Questrom School of Business, Boston University
Downloads 411 (85,935)
Citation 3

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Mutual fund, Institutional investors, Human capital, Specialist, Generalist, Market timing, Stock picking.

4.

The Representative Agent of an Economy with External Habit-Formation and Heterogeneous Risk-Aversion

The Review of Financial Studies, August 2010.
Number of pages: 45 Posted: 18 Mar 2008 Last Revised: 10 Jan 2018
Costas Xiouros and Fernando Zapatero
BI Norwegian Business School and Questrom School of Business, Boston University
Downloads 292 (125,766)
Citation 17

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Heterogeneous preferences, general equilibrium, closed-form expression

5.

Short Squeeze Uncertainty and Skewness

Number of pages: 38 Posted: 16 Aug 2019 Last Revised: 02 Feb 2021
Ilias Filippou, Pedro Angel Garcia-Ares and Fernando Zapatero
Washington University in St. Louis - John M. Olin Business School, Instituto Tecnológico Autónomo de México (ITAM) and Questrom School of Business, Boston University
Downloads 287 (128,112)

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Short Squeeze, Anomalies, limits to arbitrage

6.

Labor Income, Relative Wealth Concerns, and the Cross-section of Stock Returns

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming, AFA 2009 San Francisco Meetings Paper, EFA 2008 Athens Meetings Paper
Number of pages: 46 Posted: 05 Mar 2008 Last Revised: 17 Mar 2015
Juan-Pedro Gomez, Richard Priestley and Fernando Zapatero
IE Business School - IE University, Norwegian Business School and Questrom School of Business, Boston University
Downloads 235 (156,613)
Citation 5

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Labor income risk, relative wealth concerns, local risk hedging, negative risk premium

7.

Does Competition between Stars Increase Output? Evidence from Financial Analyst Forecasts

Number of pages: 43 Posted: 22 Apr 2014 Last Revised: 04 Nov 2019
Gil Aharoni, Joshua Shemesh and Fernando Zapatero
University of Melbourne, Monash University - Department of Banking and Finance and Questrom School of Business, Boston University
Downloads 230 (159,882)

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star analysts, tournament incentives, forecast error, earnings predictability, firms’ information environment

8.

Demand for Lotteries: The Choice between Stocks and Options

Number of pages: 54 Posted: 11 Aug 2017 Last Revised: 10 Dec 2020
Ilias Filippou, Pedro Angel Garcia-Ares and Fernando Zapatero
Washington University in St. Louis - John M. Olin Business School, Instituto Tecnológico Autónomo de México (ITAM) and Questrom School of Business, Boston University
Downloads 227 (161,938)
Citation 3

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Lottery-payoffs, Option Trading, Lottery Stocks

9.

Riding the Bubble with Convex Incentives

Marshall School of Business Working Paper No. FBE 06.14
Number of pages: 53 Posted: 25 Jul 2014 Last Revised: 16 Apr 2018
Juan M. Sotes-Paladino and Fernando Zapatero
Universidad de los Andes, Chile and Questrom School of Business, Boston University
Downloads 226 (162,644)
Citation 7

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money management, convex incentives, benchmarking, mispricing

10.

Executive Stock Options as a Screening Mechanism

Downloads 223 (164,750)
Citation 2

Executive Stock Options as a Screening Mechanism

Number of pages: 30 Posted: 24 Jun 2005 Last Revised: 20 Feb 2012
Abel Cadenillas, Jaksa Cvitanic and Fernando Zapatero
University of Alberta - Department of Mathematical and Statistical Sciences, California Institute of Technology - Division of the Humanities and Social Sciences and Questrom School of Business, Boston University
Downloads 137 (252,540)
Citation 1

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Executive Stock Options, Incomplete Information

Executive Stock Options as a Screening Mechanism

Number of pages: 31 Posted: 04 Mar 2005
Abel Cadenillas, Fernando Zapatero and Jaksa Cvitanic
University of Alberta - Department of Mathematical and Statistical Sciences, Questrom School of Business, Boston University and California Institute of Technology - Division of the Humanities and Social Sciences
Downloads 86 (350,133)
Citation 2

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Executive stock options, optimal compensation

11.

Uncertainty and Dispersion of Opinions

Downloads 165 (215,886)
Citation 2

Uncertainty and Dispersion of Opinions

Number of pages: 63 Posted: 15 Mar 2010 Last Revised: 22 Feb 2021
Min S. Kim and Fernando Zapatero
Michigan State University - Department of Finance and Questrom School of Business, Boston University
Downloads 165 (216,176)
Citation 3

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uncertainty, dispersion, forecasts, relative performance evaluation, stock recommendation

Rational Bias and Herding in Analysts' Recommendations

Posted: 03 Dec 2009 Last Revised: 14 Sep 2011
Min S. Kim and Fernando Zapatero
Michigan State University - Department of Finance and Questrom School of Business, Boston University

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stock recommendation, bias, herding, relative performance evaluation

12.

Why Do Financial Analysts Strive to Be Irrelevant? Career Concerns and Endogenous Coverage Termination

Downloads 159 (222,893)
Citation 1

Why Do Financial Analysts Strive to Be Irrelevant? Career Concerns and Endogenous Coverage Termination

Number of pages: 50 Posted: 05 Nov 2014
Marco A. Navone and Fernando Zapatero
Finance Discipline Group - UTS Business School and Questrom School of Business, Boston University
Downloads 91 (337,848)

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Financial Analysts, Career Concerns, Idiosyncratic Risk

Why Do Financial Analysts Strive to Be Irrelevant? Career Concerns and Endogenous Coverage Termination

BAFFI CAREFIN Centre Research Paper No. 2015-7, Marshall School of Business Working Paper No. FBE 03.16
Number of pages: 45 Posted: 07 May 2015 Last Revised: 12 Apr 2016
Marco A. Navone and Fernando Zapatero
Finance Discipline Group - UTS Business School and Questrom School of Business, Boston University
Downloads 68 (401,614)
Citation 1

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Financial Analysts, Career Concerns, Idiosyncratic Risk

13.

A Class of Quadratic Options for Exchange Rate Stabilization

Number of pages: 24 Posted: 27 Dec 2005
Sangwon Suh and Fernando Zapatero
Bank of Korea and Questrom School of Business, Boston University
Downloads 141 (245,846)

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Foreign exchange intervention, exotic options

14.

The Intensity of Keeping Up with the Joneses Behavior: Evidence from Neighbor Effects in Car Purchases

Number of pages: 38 Posted: 10 Apr 2011 Last Revised: 02 Sep 2016
Joshua Shemesh and Fernando Zapatero
Monash University - Department of Banking and Finance and Questrom School of Business, Boston University
Downloads 137 (251,677)
Citation 1

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Relative Wealth Concerns, Conspicuous Consumption

15.

Carrot and Stick: A Risk-Sharing Rationale for Fulcrum Fees in Active Fund Management

Number of pages: 52 Posted: 26 Sep 2016 Last Revised: 12 Dec 2020
Juan M. Sotes-Paladino and Fernando Zapatero
Universidad de los Andes, Chile and Questrom School of Business, Boston University
Downloads 134 (256,059)
Citation 2

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Portfolio delegation, benchmarking, fulcrum fees, asymmetric information, passive management

16.

Helping the Little Guy: The Impact of Government Awards on Small Technology Firms

Number of pages: 34 Posted: 18 Oct 2017 Last Revised: 22 Feb 2021
Aleksandar Giga, Alexandra Graddy-Reed, Andrea Belz, Richard Terrile and Fernando Zapatero
University of Southern California, Sol Price School of Public Policy University of Southern California, University of Southern California - Viterbi School of Engineering, Government of the United States of America - Jet Propulsion Laboratory and Questrom School of Business, Boston University
Downloads 133 (257,500)
Citation 4

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Innovation Policy, SBIR, R&D Subsidies, Entrepreneurship

17.

Rolling the Skewed Die: Economic Foundations of the Demand for Skewness and Experimental Evidence

Number of pages: 47 Posted: 10 May 2018 Last Revised: 19 Apr 2021
Andreas Aristidou, Aleksandar Giga, Suk Lee and Fernando Zapatero
affiliation not provided to SSRN, University of Southern California, University of Southern California, Marshall School of Business and Questrom School of Business, Boston University
Downloads 96 (323,845)
Citation 2

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endogenous demand for skewness, utility function, aspiration, status

18.

Stock and Bond Prices with Disagreement and Habit Formation Preferences

Number of pages: 23 Posted: 19 Mar 2011
Costas Xiouros and Fernando Zapatero
BI Norwegian Business School and Questrom School of Business, Boston University
Downloads 75 (375,990)

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Habit Formation, Disagreement, Heterogeneous Beliefs, Equilibrium

19.

Optimal Acquisition of a Partially Hedgeable House

Marshall School of Business Working Paper No. FBE 25-09
Number of pages: 31 Posted: 02 Mar 2009 Last Revised: 19 Apr 2009
Coskun Cetin and Fernando Zapatero
California State University, Sacramento and Questrom School of Business, Boston University
Downloads 70 (390,465)

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Stopping Time, Incomplete Markets, Martingale Methods

20.

Disagreement, Information Quality and Asset Prices

Number of pages: 69 Posted: 04 Dec 2019 Last Revised: 29 Dec 2020
Costas Xiouros and Fernando Zapatero
BI Norwegian Business School and Questrom School of Business, Boston University
Downloads 63 (412,757)

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Asset Prices, Heterogeneous Expectations, Information Quality, Habit-Formation Preferences

21.

Impact of Government Grants on Venture Capital Funding of Deep Technology University Spinoffs

Number of pages: 38 Posted: 19 Feb 2020 Last Revised: 22 Jun 2020
Andrea Belz and Fernando Zapatero
University of Southern California - Viterbi School of Engineering and Questrom School of Business, Boston University
Downloads 59 (429,691)
Citation 3

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university spinoffs, venture capital, I-Corps, SBIR

22.

Skewness Seeking in a Dynamic Portfolio Choice Experiment

CEPR Discussion Paper No. DP11056, 8th Miami Behavioral Finance Conference 2017
Number of pages: 38 Posted: 27 Jan 2016
Isabelle Brocas, Juan D. Carrillo, Aleksandar Giga and Fernando Zapatero
University of Southern California - Department of Economics, University of Southern California - Department of Economics, University of Southern California and Questrom School of Business, Boston University
Downloads 57 (433,360)
Citation 2

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laboratory experiment, portfolio allocation, relative performance, skewed asset

23.

Mapping the 'Valley of Death': Managing Selection and Technology Advancement in NASA's Small Business Innovation Research Program

Number of pages: 32 Posted: 14 Aug 2018 Last Revised: 14 Jan 2019
Andrea Belz, Fernando Zapatero, Richard Terrile, Michael Kawas and Aleksandar Giga
University of Southern California - Viterbi School of Engineering, Questrom School of Business, Boston University, Government of the United States of America - Jet Propulsion Laboratory, University of Southern California - Department of Economics and University of Southern California
Downloads 53 (447,960)
Citation 6

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TRL, NASA, SBIR, Entrepreneurship, Innovation, Technology Maturity

24.

Optimal Dividend Policy with Mean-Reverting Cash Reservoir

Mathematical Finance, Vol. 17, No. 1, pp. 81-109, January 2007
Number of pages: 29 Posted: 13 Dec 2006
Abel Cadenillas, Fernando Zapatero and Sudipto Sarkar
University of Alberta - Department of Mathematical and Statistical Sciences, Questrom School of Business, Boston University and McMaster University - Finance & Business Economics
Downloads 24 (588,726)
Citation 2
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25.

Risk Aversion in a Dynamic Asset Allocation Experiment

CEPR Discussion Paper No. DP10332
Number of pages: 40 Posted: 23 Jan 2015
Isabelle Brocas, Juan D. Carrillo, Aleksandar Giga and Fernando Zapatero
University of Southern California - Department of Economics, University of Southern California - Department of Economics, University of Southern California and Questrom School of Business, Boston University
Downloads 2 (751,919)
Citation 2
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CRRA, HARA, laboratory experiments, portfolio allocation, risk aversion

26.

Implications of Keeping up with the Joneses Behavior for the Equilibrium Cross Section of Stock Returns: International Evidence

Implications of Keeping-up-with-the-Joneses Behavior for the Equilibrium Cross Section of Stock Returns: International Evidence Juan-Pedro Gómez, Richard Priestley and Fernando Zapatero The Journal of Finance Vol. 64, No. 6 (Dec., 2009), pp. 2703-2737
Posted: 03 Feb 2009 Last Revised: 17 Mar 2015
Juan-Pedro Gomez, Richard Priestley and Fernando Zapatero
IE Business School - IE University, Norwegian Business School and Questrom School of Business, Boston University

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Keeping up with the Joneses, restricted market participation, international asset pricing, local risk, global risk

27.

Empirical Performance of Levy Option Pricing Models

Posted: 12 Sep 2008 Last Revised: 21 Sep 2008
Ming Ji and Fernando Zapatero
affiliation not provided to SSRN and Questrom School of Business, Boston University

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Levy Process, Fourier Transform

28.

Analytic Pricing of Employee Stock Options

Review of Financial Studies, Vol. 21, Issue 2, pp. 683-724, 2008
Posted: 26 Jun 2008
Jakaa Cvitani, Zvi Wiener and Fernando Zapatero
affiliation not provided to SSRN, Hebrew University of Jerusalem - Jerusalem School of Business Administration and Questrom School of Business, Boston University

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29.

Dynamic Portfolio Choice with Parameter Uncertainty and the Economic Value of Analysts' Recommendations

The Review of Financial Studies, Vol. 19, Issue 4, pp. 1113-1156, 2006
Posted: 29 Feb 2008
Jak[scaron]a Cvitani[cacute], Fernando Zapatero, Ali Lazrak and Lionel Martellini
affiliation not provided to SSRN, Questrom School of Business, Boston University, University of British Columbia Sauder School of Business and EDHEC Business School

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30.

Optimal Risk Taking with Flexible Income

AFA 2008 New Orleans Meetings Paper
Posted: 09 Mar 2006 Last Revised: 09 Feb 2019
Jaksa Cvitanic, Levon Goukasian and Fernando Zapatero
California Institute of Technology - Division of the Humanities and Social Sciences, Pepperdine University - Business Division and Questrom School of Business, Boston University

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Utility Maximization, Optimal Portfolio Selection, Optimal Effort

31.

Classical and Impulse Stochastic Control of the Exchange Rate Using Interest Rates and Reserves

Posted: 15 Dec 2000
Abel Cadenillas and Fernando Zapatero
University of Alberta - Department of Mathematical and Statistical Sciences and Questrom School of Business, Boston University

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32.

On the Recoverability of Preferences and Beliefs

Posted: 16 May 2000
Domenico Cuoco and Fernando Zapatero
University of Pennsylvania - Finance Department and Questrom School of Business, Boston University

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33.

Valuation, Optimal Asset Allocation and Retirement Incentives of Pension Plans

Review of Financial Studies, Vol. 10, No. 3
Posted: 30 Jul 1997
Suresh M. Sundaresan and Fernando Zapatero
Columbia Business School - Finance and Economics and Questrom School of Business, Boston University

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