Jules H. van Binsbergen

University of Pennsylvania - The Wharton School

Nippon Life Professor of Finance

3641 Locust Walk

Philadelphia, PA 19104-6365

United States

National Bureau of Economic Research (NBER)

Research Associate

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

http://www.nber.org/people/jules_vanbinsbergen

  • University of Pennsylvania - The Wharton School

SCHOLARLY PAPERS

43

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SSRN CITATIONS
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2,355

CROSSREF CITATIONS

497

Scholarly Papers (43)

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1.

Optimal Capital Structure

Number of pages: 39 Posted: 20 Jan 2011 Last Revised: 15 Sep 2013
Jules H. van Binsbergen, John R. Graham and Jie Yang
University of Pennsylvania - The Wharton School, Duke University and Board of Governors of the Federal Reserve System
Downloads 7,147 (1,654)
Citation 2

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capital structure, cost of debt, optimal leverage

2.

The Impact of Impact Investing

Stanford University Graduate School of Business Research Paper , Law & Economics Center at George Mason University Scalia Law School Research Paper Series No. 22-008
Number of pages: 37 Posted: 23 Aug 2021 Last Revised: 10 Jun 2022
Jonathan Berk and Jules H. van Binsbergen
Stanford Graduate School of Business and University of Pennsylvania - The Wharton School
Downloads 6,985 (1,728)
Citation 24

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ESG, Impact Investing, Environmental, Social, Governance

3.

Measuring Skill in the Mutual Fund Industry

Downloads 5,037 ( 3,014)
Citation 234

Measuring Skill in the Mutual Fund Industry

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 44 Posted: 11 Apr 2012 Last Revised: 11 Aug 2020
Jonathan Berk and Jules H. van Binsbergen
Stanford Graduate School of Business and University of Pennsylvania - The Wharton School
Downloads 4,840 (3,177)
Citation 230

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Mutual Funds, Skill, Compensation

Measuring Managerial Skill in the Mutual Fund Industry

NBER Working Paper No. w18184
Number of pages: 39 Posted: 22 Jun 2012 Last Revised: 10 Mar 2023
Jonathan Berk and Jules H. van Binsbergen
Stanford Graduate School of Business and University of Pennsylvania - The Wharton School
Downloads 197 (255,934)
Citation 3

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4.

Predictive Regressions: A Present-Value Approach

Downloads 4,404 ( 3,777)
Citation 136

Predictive Regressions: A Present-Value Approach

Number of pages: 48 Posted: 04 Mar 2007 Last Revised: 15 Sep 2013
Jules H. van Binsbergen and Ralph S. J. Koijen
University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business
Downloads 4,276 (3,907)
Citation 110

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predictive regressions, present-value models

Predictive Regressions: A Present-Value Approach

NBER Working Paper No. w16263
Number of pages: 60 Posted: 16 Aug 2010 Last Revised: 10 Jun 2023
Jules H. van Binsbergen and Ralph S. J. Koijen
University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business
Downloads 128 (366,602)
Citation 66

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5.

On the Timing and Pricing of Dividends

Downloads 4,400 ( 3,788)
Citation 129

On the Timing and Pricing of Dividends

CRSP Working Paper, Chicago Booth Research Paper No. 10-30, Swiss Finance Institute Research Paper No. 11-13
Number of pages: 38 Posted: 12 Feb 2010 Last Revised: 15 Sep 2013
Jules H. van Binsbergen, Michael W. Brandt and Ralph S. J. Koijen
University of Pennsylvania - The Wharton School, Duke University - Fuqua School of Business and University of Chicago - Booth School of Business
Downloads 3,700 (4,973)
Citation 14

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Equity Risk Premium, Pricing Dividends, Trading Dividends, Return Predictability

On the Timing and Pricing of Dividends

AFA 2012 Chicago Meetings Paper
Number of pages: 38 Posted: 16 Mar 2011 Last Revised: 15 Sep 2013
Jules H. van Binsbergen, Michael W. Brandt and Ralph S. J. Koijen
University of Pennsylvania - The Wharton School, Duke University - Fuqua School of Business and University of Chicago - Booth School of Business
Downloads 389 (126,764)
Citation 41

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Dividend Strips, Equity Risk Premium, Term Structure of Equity

On the Timing and Pricing of Dividends

MFI Working Paper No. 210-010
Number of pages: 49 Posted: 17 Nov 2010 Last Revised: 15 Sep 2013
Jules H. van Binsbergen, Michael W. Brandt and Ralph S. J. Koijen
University of Pennsylvania - The Wharton School, Duke University - Fuqua School of Business and University of Chicago - Booth School of Business
Downloads 227 (223,156)

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Equity risk premium, dividend strips, excess volatility

On the Timing and Pricing of Dividends

NBER Working Paper No. w16455
Number of pages: 52 Posted: 18 Oct 2010 Last Revised: 05 Feb 2023
Jules H. van Binsbergen, Michael W. Brandt and Ralph S. J. Koijen
University of Pennsylvania - The Wharton School, Duke University - Fuqua School of Business and University of Chicago - Booth School of Business
Downloads 84 (492,690)
Citation 99

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6.

The Term Structure of Returns: Facts and Theory

Downloads 3,516 ( 5,534)
Citation 85

The Term Structure of Returns: Facts and Theory

Number of pages: 48 Posted: 23 Apr 2015 Last Revised: 27 Jun 2016
Jules H. van Binsbergen and Ralph S. J. Koijen
University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business
Downloads 3,421 (5,673)
Citation 3

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The Term Structure of Returns: Facts and Theory

NBER Working Paper No. w21234
Number of pages: 38 Posted: 08 Jun 2015 Last Revised: 05 Feb 2023
Jules H. van Binsbergen and Ralph S. J. Koijen
University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business
Downloads 94 (458,412)
Citation 23

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The Term Structure of Returns: Facts and Theory

CEPR Discussion Paper No. DP10633
Number of pages: 39 Posted: 01 Jun 2015
Ralph S. J. Koijen and Jules H. van Binsbergen
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 1 (1,064,653)
Citation 2
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corporate bonds, equity, fixed income, term structure, volatility

7.

Assessing Asset Pricing Models Using Revealed Preference

Downloads 3,463 ( 5,692)
Citation 149

Assessing Asset Pricing Models Using Revealed Preference

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 48 Posted: 17 Oct 2013 Last Revised: 11 Aug 2020
Jonathan Berk and Jules H. van Binsbergen
Stanford Graduate School of Business and University of Pennsylvania - The Wharton School
Downloads 3,379 (5,809)
Citation 17

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Asset Pricing Models, Factor Models, Test, Mutual Fund Flows

Assessing Asset Pricing Models Using Revealed Preference

NBER Working Paper No. w20435
Number of pages: 41 Posted: 03 Sep 2014 Last Revised: 04 May 2023
Jonathan Berk and Jules H. van Binsbergen
Stanford Graduate School of Business and University of Pennsylvania - The Wharton School
Downloads 84 (492,690)
Citation 31

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8.

The Cost of Debt

Downloads 3,275 ( 6,231)
Citation 30

The Cost of Debt

Journal of Finance, Forthcoming, WFA 2007 Big Sky, MT Meetings Paper, EFA 2007 Ljubljana Meetings Paper
Number of pages: 65 Posted: 08 Mar 2007 Last Revised: 15 Sep 2013
Jules H. van Binsbergen, John R. Graham and Jie Yang
University of Pennsylvania - The Wharton School, Duke University and Board of Governors of the Federal Reserve System
Downloads 3,153 (6,517)
Citation 30

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capital structure, cost of debt

The Cost of Debt

NBER Working Paper No. w16023
Number of pages: 66 Posted: 04 Jun 2010 Last Revised: 14 Apr 2023
Jules H. van Binsbergen, John R. Graham and Jie Yang
University of Pennsylvania - The Wharton School, Duke University and Board of Governors of the Federal Reserve System
Downloads 122 (380,250)
Citation 1

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9.

Equity Yields

Downloads 3,204 ( 6,470)
Citation 71

Equity Yields

Becker Friedman Institute for Research in Economics Working Paper No. 2012-007
Number of pages: 52 Posted: 27 Jan 2011 Last Revised: 15 Sep 2013
Jules H. van Binsbergen, Wouter Hueskes, Ralph S. J. Koijen and Evert B. Vrugt
University of Pennsylvania - The Wharton School, APG Asset Management, University of Chicago - Booth School of Business and VU University Amsterdam, PGO-IM
Downloads 2,664 (8,458)
Citation 8

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Growth expectations, Equity risk premium, Term structure of equity

Equity Yields

Chicago Booth Research Paper No. 11-33, Fama-Miller Working Paper
Number of pages: 51 Posted: 08 Sep 2011 Last Revised: 15 Sep 2013
Jules H. van Binsbergen, Wouter Hueskes, Ralph S. J. Koijen and Evert B. Vrugt
University of Pennsylvania - The Wharton School, APG Asset Management, University of Chicago - Booth School of Business and VU University Amsterdam, PGO-IM
Downloads 430 (113,036)
Citation 5

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Equity Yields

NBER Working Paper No. w17416
Number of pages: 42 Posted: 21 Sep 2011 Last Revised: 05 Feb 2023
Jules H. van Binsbergen, Wouter Hueskes, Ralph S. J. Koijen and Evert B. Vrugt
University of Pennsylvania - The Wharton School, APG Asset Management, University of Chicago - Booth School of Business and VU University Amsterdam, PGO-IM
Downloads 110 (410,574)
Citation 22

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10.

Man vs. Machine Learning: The Term Structure of Earnings Expectations and Conditional Biases

Downloads 3,001 ( 7,183)
Citation 16

Man vs. Machine Learning: The Term Structure of Earnings Expectations and Conditional Biases

Review of Financial Studies, Forthcoming, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 62 Posted: 07 Jul 2020 Last Revised: 19 Jan 2023
Jules H. van Binsbergen, Xiao Han and Alejandro Lopez-Lira
University of Pennsylvania - The Wharton School, City University London - Bayes Business School and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 2,896 (7,472)
Citation 1

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Earnings Forecasts, Machine Learning, Investment Strategies

Man vs. Machine Learning: The Term Structure of Earnings Expectations and Conditional Biases

NBER Working Paper No. w27843
Number of pages: 96 Posted: 21 Sep 2020 Last Revised: 29 Jan 2023
Jules H. van Binsbergen, Xiao Han and Alejandro Lopez-Lira
University of Pennsylvania - The Wharton School, City University London - Bayes Business School and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 105 (424,605)

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11.

Duration-Based Stock Valuation: Reassessing Stock Market Performance and Volatility

Downloads 2,898 ( 7,583)
Citation 3

Duration-Based Stock Valuation: Reassessing Stock Market Performance and Volatility

Number of pages: 45 Posted: 27 May 2020 Last Revised: 08 May 2021
Jules H. van Binsbergen
University of Pennsylvania - The Wharton School
Downloads 2,828 (7,718)

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Secular Stagnation, Stock Market Performance, Excess Volatility, Duration, Dividend Risk Premium, COVID-19

Duration-Based Stock Valuation: Reassessing Stock Market Performance and Volatility

NBER Working Paper No. w27367
Number of pages: 41 Posted: 15 Jun 2020 Last Revised: 12 Apr 2023
Jules H. van Binsbergen
University of Pennsylvania - The Wharton School
Downloads 70 (548,743)

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Duration-Based Stock Valuation

CEPR Discussion Paper No. DP14904
Number of pages: 33 Posted: 29 Jun 2020
Jules H. van Binsbergen
University of Pennsylvania - The Wharton School
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COVID-19, growth, Stock Market Performance

12.

Optimal Asset Allocation in Asset Liability Management

Downloads 2,621 ( 8,831)
Citation 9

Optimal Asset Allocation in Asset Liability Management

EFA 2007 Ljubljana Meetings Paper
Number of pages: 37 Posted: 15 Mar 2006
Jules H. van Binsbergen and Michael W. Brandt
University of Pennsylvania - The Wharton School and Duke University - Fuqua School of Business
Downloads 2,427 (9,769)
Citation 6

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Dynamic portfolio choice, pension plans

Optimal Asset Allocation in Asset Liability Management

NBER Working Paper No. w12970
Number of pages: 38 Posted: 15 Mar 2007 Last Revised: 11 Dec 2022
Jules H. van Binsbergen and Michael W. Brandt
University of Pennsylvania - The Wharton School and Duke University - Fuqua School of Business
Downloads 194 (258,306)
Citation 1

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13.

Risk Free Interest Rates

Downloads 2,507 ( 9,455)
Citation 32

Risk Free Interest Rates

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 74 Posted: 22 Sep 2018 Last Revised: 04 Jan 2021
Jules H. van Binsbergen, William Diamond and Marco Grotteria
University of Pennsylvania - The Wharton School, University of Pennsylvania - Finance Department and London Business School
Downloads 2,425 (9,775)
Citation 1

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Demand for Safe Assets, Convenience Yield, Quantitative Easing, Monetary Policy

Risk-Free Interest Rates

NBER Working Paper No. w26138
Number of pages: 55 Posted: 12 Aug 2019 Last Revised: 03 Jun 2023
Jules H. van Binsbergen, William Diamond and Marco Grotteria
University of Pennsylvania - The Wharton School, University of Pennsylvania - Finance Department and London Business School
Downloads 81 (503,686)

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Risk-Free Interest Rates

CEPR Discussion Paper No. DP13899
Number of pages: 57 Posted: 20 Aug 2019
William Diamond, Marco Grotteria and Jules H. van Binsbergen
University of Pennsylvania - Finance Department, London Business School and University of Pennsylvania - The Wharton School
Downloads 1 (1,064,653)
Citation 23
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Convenience Yield, Demand for Safe Assets, monetary policy, Quantitative easing

14.

Real Anomalies

Downloads 2,243 (11,342)
Citation 31

Real Anomalies

Journal of Finance, August 2019, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 74 Posted: 16 Mar 2016 Last Revised: 11 Aug 2020
Jules H. van Binsbergen and Christian C. Opp
University of Pennsylvania - The Wharton School and University of Rochester - Simon Business School
Downloads 2,187 (11,575)
Citation 13

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Real Misallocations, Asset Pricing Anomalies, Alpha, Lumpy Investment

Real Anomalies

NBER Working Paper No. w23238
Number of pages: 54 Posted: 19 Mar 2017 Last Revised: 01 Jul 2023
Jules H. van Binsbergen and Christian C. Opp
University of Pennsylvania - The Wharton School and University of Rochester - Simon Business School
Downloads 56 (616,734)
Citation 20

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15.

How Do Investors Measure Risk?

Number of pages: 9 Posted: 03 Oct 2015
Jonathan Berk and Jules H. van Binsbergen
Stanford Graduate School of Business and University of Pennsylvania - The Wharton School
Downloads 1,904 (14,733)
Citation 1

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16.

Optimal Decentralized Investment Management

Downloads 1,869 (15,158)
Citation 61

Optimal Decentralized Investment Management

EFA 2006 Zurich Meetings, AFA 2007 Chicago Meetings Paper
Number of pages: 68 Posted: 02 Mar 2006
Jules H. van Binsbergen, Michael W. Brandt and Ralph S. J. Koijen
University of Pennsylvania - The Wharton School, Duke University - Fuqua School of Business and University of Chicago - Booth School of Business
Downloads 1,702 (17,230)
Citation 4

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Decentralized investment management, performance benchmark

Optimal Decentralized Investment Management

NBER Working Paper No. w12144
Number of pages: 61 Posted: 18 May 2006 Last Revised: 05 Feb 2023
Michael W. Brandt, Jules H. van Binsbergen and Ralph S. J. Koijen
Duke University - Fuqua School of Business, University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business
Downloads 167 (295,108)
Citation 7

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17.

Regulation of Charlatans in High-Skill Professions

Downloads 1,814 (15,865)
Citation 11

Regulation of Charlatans in High-Skill Professions

Stanford University Graduate School of Business Research Paper No. 17-43
Number of pages: 47 Posted: 04 Jun 2017 Last Revised: 30 Dec 2020
Jonathan Berk and Jules H. van Binsbergen
Stanford Graduate School of Business and University of Pennsylvania - The Wharton School
Downloads 1,732 (16,802)

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Charlatans, Regulation, Information Disclosure, Licensing, Competition

Regulation of Charlatans in High-Skill Professions

NBER Working Paper No. w23696
Number of pages: 69 Posted: 21 Aug 2017 Last Revised: 01 Apr 2023
Jonathan Berk and Jules H. van Binsbergen
Stanford Graduate School of Business and University of Pennsylvania - The Wharton School
Downloads 82 (499,890)

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18.

(Almost) 200 Years of News-Based Economic Sentiment

Number of pages: 48 Posted: 29 Oct 2022 Last Revised: 23 Mar 2023
Jules H. van Binsbergen, Svetlana Bryzgalova, Mayukh Mukhopadhyay and Varun Sharma
University of Pennsylvania - The Wharton School, London Business School - Department of Finance, London Business School - Department of Finance and Kelley School of Business, Indiana University
Downloads 1,751 (16,754)

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Business cycle, macroeconomic news, economic sentiment, monetary policy, textual analysis, machine learning, big data, neural networks

19.

Matching Capital and Labor

Downloads 1,652 (18,357)
Citation 41

Matching Capital and Labor

Number of pages: 34 Posted: 23 Mar 2014 Last Revised: 23 Dec 2016
Jonathan Berk, Jules H. van Binsbergen and Binying Liu
Stanford Graduate School of Business, University of Pennsylvania - The Wharton School and Northwestern University - Kellogg School of Management
Downloads 1,589 (19,118)

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Matching, Capital Allocation, Theory of the Firm

Matching Capital and Labor

NBER Working Paper No. w20138
Number of pages: 35 Posted: 19 May 2014 Last Revised: 12 Jul 2023
Jonathan Berk, Jules H. van Binsbergen and Binying Liu
Stanford Graduate School of Business, University of Pennsylvania - The Wharton School and Northwestern University - Kellogg School of Management
Downloads 63 (581,145)
Citation 7

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20.

The Factor Multiverse: The Role of Interest Rates in Factor Return Measurement and Discovery

Number of pages: 54 Posted: 28 Sep 2022 Last Revised: 14 Jul 2023
Jules H. van Binsbergen, Liang Ma and Michael Schwert
University of Pennsylvania - The Wharton School, University of South Carolina - Darla Moore School of Business and AQR Arbitrage, LLC
Downloads 1,362 (24,547)

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anomalies, factor zoo, duration, excess returns, interest rates

21.

The Term Structure of Interest Rates in a DSGE Model with Recursive Preferences

Downloads 1,227 (28,647)
Citation 66

The Term Structure of Interest Rates in a DSGE Model with Recursive Preferences

PIER Working Paper No. 10-011
Number of pages: 50 Posted: 15 Mar 2010 Last Revised: 15 Sep 2013
Jules H. van Binsbergen, Jesús Fernández-Villaverde, Ralph S. J. Koijen and Juan Francisco Rubio-Ramirez
University of Pennsylvania - The Wharton School, University of Pennsylvania - Department of Economics, University of Chicago - Booth School of Business and Federal Reserve Bank of Atlanta - Research Department
Downloads 1,138 (31,515)
Citation 9

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The Term Structure of Interest Rates in a DSGE Model with Recursive Preferences

NBER Working Paper No. w15890
Number of pages: 49 Posted: 12 Apr 2010 Last Revised: 03 Jun 2023
Jules H. van Binsbergen, Jesús Fernández-Villaverde, Ralph S. J. Koijen and Juan Francisco Rubio-Ramirez
University of Pennsylvania - The Wharton School, University of Pennsylvania - Department of Economics, University of Chicago - Booth School of Business and Federal Reserve Bank of Atlanta - Research Department
Downloads 85 (489,021)

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The Term Structure of Interest Rates in a DSGE Model with Recursive Preferences

CEPR Discussion Paper No. DP7781
Number of pages: 51 Posted: 19 May 2010
Jesús Fernández-Villaverde, Ralph S. J. Koijen, Juan Francisco Rubio-Ramirez and Jules H. van Binsbergen
University of Pennsylvania - Department of Economics, University of Chicago - Booth School of Business, Federal Reserve Bank of Atlanta - Research Department and University of Pennsylvania - The Wharton School
Downloads 4 (1,038,937)
Citation 6
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DSGE models, Epstein-Zin Preferences, Likelihood Estimation

22.

Good-Specifc Habit Formation and the Cross Section of Expected Returns

EFA 2008 Athens Meetings Paper, AFA 2009 San Francisco Meetings Paper
Number of pages: 53 Posted: 22 Mar 2008 Last Revised: 15 Sep 2013
Jules H. van Binsbergen
University of Pennsylvania - The Wharton School
Downloads 1,208 (29,312)
Citation 18

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Habit formation, Cross Section, Expected Returns, Markups

23.

Textual Analysis of Short-seller Research Reports

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 59 Posted: 18 Nov 2021 Last Revised: 25 May 2023
Jules H. van Binsbergen, Xiao Han and Alejandro Lopez-Lira
University of Pennsylvania - The Wharton School, City University London - Bayes Business School and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 1,156 (31,288)

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Short-seller Research, Real Investment, Asset Pricing, Real Impact of Financial Markets, Analysts Expectations

24.

Dynamic Asset (Mis)Pricing: Build-up vs. Resolution Anomalies

Downloads 1,124 (32,568)
Citation 5

Dynamic Asset (Mis)Pricing: Build-up vs. Resolution Anomalies

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 44 Posted: 18 Feb 2021 Last Revised: 21 Nov 2022
Jules H. van Binsbergen, Martijn Boons, Christian C. Opp and Andrea Tamoni
University of Pennsylvania - The Wharton School, Tilburg University, University of Rochester - Simon Business School and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 1,124 (32,087)
Citation 2

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Mispricing, Price Wedges, Tobin’s q, Real Misallocation

Dynamic Asset (Mis)Pricing: Build-Up vs. Resolution Anomalies

CEPR Discussion Paper No. DP16353
Number of pages: 72 Posted: 14 Jul 2021
Jules H. van Binsbergen, Martijn Boons, Christian Opp and Andrea Tamoni
University of Pennsylvania - The Wharton School, Tilburg University, University of Rochester and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
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Citation 2
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25.

Mutual Funds in Equilibrium

Downloads 1,107 (33,217)
Citation 18

Mutual Funds in Equilibrium

Stanford University Graduate School of Business Research Paper No. 17-13
Number of pages: 29 Posted: 10 Feb 2017 Last Revised: 18 Jul 2017
Jonathan Berk and Jules H. van Binsbergen
Stanford Graduate School of Business and University of Pennsylvania - The Wharton School
Downloads 1,107 (32,738)
Citation 18

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Mutual Funds, Equilibrium, Alpha, Size, Rational Expectations

Mutual Funds in Equilibrium

Annual Review of Financial Economics, Vol. 9, pp. 147-167, 2017
Posted: 03 Jan 2018
Jonathan Berk and Jules H. van Binsbergen
Stanford Graduate School of Business and University of Pennsylvania - The Wharton School

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26.

Duration-Based Valuation of Corporate Bonds

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 63 Posted: 01 Sep 2021 Last Revised: 21 Apr 2023
Jules H. van Binsbergen, Yoshio Nozawa and Michael Schwert
University of Pennsylvania - The Wharton School, University of Toronto and AQR Arbitrage, LLC
Downloads 1,096 (33,710)

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corporate bonds, duration, capital asset pricing model

27.

A Horizon Based Decomposition of Mutual Fund Value Added Using Transactions

Journal of Finance, Forthcoming
Number of pages: 86 Posted: 18 Nov 2019 Last Revised: 12 Sep 2022
Jules H. van Binsbergen, Jungsuk Han, Hongxun Ruan and Ran Xing
University of Pennsylvania - The Wharton School, Seoul National University - College of Business Administration, Guanghua School of Management, Peking University and Stockholm University - Stockholm Business School
Downloads 897 (44,645)
Citation 2

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mutual funds, investment horizon, transaction data, daily holdings, horizon-specific skill

28.

On the Timing and Pricing of Dividends: Reply

Number of pages: 14 Posted: 01 Jun 2016 Last Revised: 04 Jun 2016
Jules H. van Binsbergen and Ralph S. J. Koijen
University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business
Downloads 839 (48,962)
Citation 37

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Term structure of equity, dividend strips, dividend futures, taxes

29.

Exploring Relations Between Decision Analysis and Game Theory

Number of pages: 19 Posted: 16 Jan 2007
Jules H. van Binsbergen and Leslie M. Marx
University of Pennsylvania - The Wharton School and Duke University - Fuqua School of Business, Economics Group
Downloads 825 (50,142)

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Decision Analysis, Game Theory

30.

Is The United States A Lucky Survivor: A Hierarchical Bayesian Approach

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 68 Posted: 10 Sep 2020 Last Revised: 17 Mar 2022
Jules H. van Binsbergen, Sophia Hua and Jessica A. Wachter
University of Pennsylvania - The Wharton School, University of Pennsylvania - The Wharton School and University of Pennsylvania - Finance Department
Downloads 785 (53,583)
Citation 3

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31.

Likelihood-Based Estimation of Exactly-Solved Present-Value Models

Number of pages: 49 Posted: 28 Jul 2009 Last Revised: 15 Sep 2013
Jules H. van Binsbergen and Ralph S. J. Koijen
University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business
Downloads 680 (64,865)
Citation 7

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32.

The Future of Emissions

Number of pages: 57 Posted: 19 Oct 2022 Last Revised: 26 Oct 2022
Jules H. van Binsbergen and Andreas Brøgger
University of Pennsylvania - The Wharton School and Copenhagen Business School
Downloads 454 (106,898)

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Emission Futures, ESG Measurement, Externalities, Environmental, CO2 Emission Reductions, Real Impact, Green Washing, Cheap Talk, Green Misallocation, Executive Remuneration, Green Fund Management

33.

Capital Allocation and the Market for Mutual Funds: Inspecting the Mechanism

Number of pages: 53 Posted: 14 Oct 2019 Last Revised: 04 Oct 2021
Jules H. van Binsbergen, Jeong Ho (John) Kim and Soohun Kim
University of Pennsylvania - The Wharton School, Florida State University - Department of Finance and College of Business, Korea Advanced Institute of Science and Technology (KAIST)
Downloads 443 (109,970)
Citation 2

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Capital Allocation, Mutual Funds, Returns to Scale, Fund Flows

34.

Asset Allocation and Managerial Assumptions in Corporate Pension Plans

Number of pages: 60 Posted: 18 Nov 2010
Jawad M. Addoum, Jules H. van Binsbergen and Michael W. Brandt
Cornell SC Johnson College of Business, University of Pennsylvania - The Wharton School and Duke University - Fuqua School of Business
Downloads 435 (112,379)
Citation 11

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Asset Allocation, Managerial Assumptions, Pensions, Regulations

35.

Granular Economies

Number of pages: 30 Posted: 08 Feb 2019 Last Revised: 24 Dec 2019
Jules H. van Binsbergen and Christian C. Opp
University of Pennsylvania - The Wharton School and University of Rochester - Simon Business School
Downloads 374 (133,692)

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Stochastic lumpy adjustment, persistent heterogeneity, exact solutions, occasionally binding constraints, non-linearities, granularity

36.

On the Timing and Pricing of Dividends: Web Appendix

Number of pages: 17 Posted: 09 Oct 2011
Jules H. van Binsbergen, Michael W. Brandt and Ralph S. J. Koijen
University of Pennsylvania - The Wharton School, Duke University - Fuqua School of Business and University of Chicago - Booth School of Business
Downloads 316 (160,402)
Citation 1

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37.

Financial Valuation of PBGC Insurance with Market‐Implied Default Probabilities

Simon School Working Paper No. FR 13-27
Number of pages: 25 Posted: 06 Oct 2013 Last Revised: 31 Jan 2014
Jules H. van Binsbergen, Robert Novy-Marx and Joshua D. Rauh
University of Pennsylvania - The Wharton School, Simon Business School, University of Rochester and Stanford Graduate School of Business
Downloads 255 (199,919)
Citation 1

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pensions, pension benefit guaranty corporation, insurance valuation

38.

Mutual Fund Managers' Career Concerns, Investment Horizons, and Value Added: Theory and Empirics

Swedish House of Finance Research Paper No. 21-18
Number of pages: 69 Posted: 13 Sep 2021 Last Revised: 19 Aug 2022
Jules H. van Binsbergen, Jungsuk Han, Hongxun Ruan and Ran Xing
University of Pennsylvania - The Wharton School, Seoul National University - College of Business Administration, Guanghua School of Management, Peking University and Stockholm University - Stockholm Business School
Downloads 234 (217,371)
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career concern, investment turnover, fund manager skill, fund size, optionality

39.

The Effectiveness of Life-Preserving Investments in Times of COVID-19

Downloads 232 (219,220)

The Effectiveness of Life-Preserving Investments in Times of COVID-19

Number of pages: 26 Posted: 13 May 2020
Jules H. van Binsbergen and Christian C. Opp
University of Pennsylvania - The Wharton School and University of Rochester - Simon Business School
Downloads 195 (257,119)

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COVID-19, mitigation, life-preserving investments, life expectancy, influenza, vaccination

The Effectiveness of Life-Preserving Investments in Times of Covid-19

NBER Working Paper No. w27382
Number of pages: 27 Posted: 22 Jun 2020 Last Revised: 27 Apr 2023
Jules H. van Binsbergen and Christian Opp
University of Pennsylvania - The Wharton School and University of Rochester
Downloads 37 (736,348)

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40.

The Impact of Monetary Policy on Long-term Liabilities of Households and Firms

Number of pages: 82 Posted: 09 Jun 2023
Jules H. van Binsbergen and Marco Grotteria
University of Pennsylvania - The Wharton School and London Business School
Downloads 203 (248,367)

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Monetary Policy Transmission; Mortgage Lending; Firm Heterogeneity; Market Power; Banking Industry; United States

41.

An Empirical Model of Optimal Capital Structure

Journal of Applied Corporate Finance, Vol. 23, Issue 4, pp. 34-59, 2011
Number of pages: 28 Posted: 01 Mar 2023
Jules H. van Binsbergen, John R. Graham and Jie Yang
University of Pennsylvania - The Wharton School, Duke University and Board of Governors of the Federal Reserve System
Downloads 110 (408,322)
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42.

Addendum to Regulation of Charlatans in High-Skill Professions: The Case when Charlatans do Harm

Number of pages: 29 Posted: 23 Dec 2019 Last Revised: 26 Mar 2021
Jonathan Berk and Jules H. van Binsbergen
Stanford Graduate School of Business and University of Pennsylvania - The Wharton School
Downloads 97 (445,596)
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Charlatans, Regulation, Information Disclosure, Licensing, Competition

43.

Active Managers Are Skilled

Stanford University Graduate School of Business Research Paper No. 15-37
Posted: 10 Jun 2015
Jonathan Berk and Jules H. van Binsbergen
Stanford Graduate School of Business and University of Pennsylvania - The Wharton School

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Managerial Skill Mutual Fund Performance