Jules H. van Binsbergen

University of Pennsylvania - The Wharton School

Nippon Life Associate 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

SCHOLARLY PAPERS

25

DOWNLOADS
Rank 361

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Top 361

in Total Papers Downloads

39,274

CITATIONS
Rank 3,528

SSRN RANKINGS

Top 3,528

in Total Papers Citations

154

Scholarly Papers (25)

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 4,904 (874)
Citation 2

Abstract:

capital structure, cost of debt, optimal leverage

2.
Downloads 3,658 ( 1,933)
Citation 29

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 New York University (NYU) - Department of Finance
Downloads 3,597 (1,953)
Citation 29

Abstract:

predictive regressions, present-value models

Predictive Regressions: A Present-Value Approach

NBER Working Paper No. w16263
Number of pages: 60 Posted: 16 Aug 2010
Jules H. van Binsbergen and Ralph S. J. Koijen
University of Pennsylvania - The Wharton School and New York University (NYU) - Department of Finance
Downloads 61 (302,458)
Citation 29

Abstract:

3.
Downloads 3,421 ( 2,158)
Citation 12

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 New York University (NYU) - Department of Finance
Downloads 2,995 (2,706)
Citation 11

Abstract:

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 New York University (NYU) - Department of Finance
Downloads 266 (94,261)
Citation 11

Abstract:

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 New York University (NYU) - Department of Finance
Downloads 133 (180,654)
Citation 12

Abstract:

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
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 New York University (NYU) - Department of Finance
Downloads 27 (421,955)
Citation 12

Abstract:

4.
Downloads 3,241 ( 2,404)
Citation 18

Measuring Skill in the Mutual Fund Industry

Number of pages: 44 Posted: 11 Apr 2012 Last Revised: 05 Sep 2014
Jonathan Berk and Jules H. van Binsbergen
Stanford Graduate School of Business and University of Pennsylvania - The Wharton School
Downloads 3,195 (2,402)
Citation 18

Abstract:

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
Jonathan Berk and Jules H. van Binsbergen
Stanford Graduate School of Business and University of Pennsylvania - The Wharton School
Downloads 46 (346,316)
Citation 18

Abstract:

5.
Downloads 2,806 ( 3,120)
Citation 22

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 2,740 (3,174)
Citation 22

Abstract:

capital structure, cost of debt

The Cost of Debt

NBER Working Paper No. w16023
Number of pages: 66 Posted: 04 Jun 2010
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 66 (290,087)
Citation 22

Abstract:

Assessing Asset Pricing Models Using Revealed Preference

Number of pages: 48 Posted: 17 Oct 2013 Last Revised: 19 Mar 2015
Jonathan Berk and Jules H. van Binsbergen
Stanford Graduate School of Business and University of Pennsylvania - The Wharton School
Downloads 2,645 (3,364)

Abstract:

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
Jonathan Berk and Jules H. van Binsbergen
Stanford Graduate School of Business and University of Pennsylvania - The Wharton School
Downloads 16 (484,347)

Abstract:

7.
Downloads 2,488 ( 3,809)

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, New York University (NYU) - Department of Finance and VU University Amsterdam, PGO-IM
Downloads 2,108 (4,987)

Abstract:

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, New York University (NYU) - Department of Finance and VU University Amsterdam, PGO-IM
Downloads 340 (71,431)

Abstract:

Equity Yields

NBER Working Paper No. w17416
Number of pages: 42 Posted: 21 Sep 2011
Jules H. van Binsbergen, Wouter Hueskes, Ralph S. J. Koijen and Evert B. Vrugt
University of Pennsylvania - The Wharton School, APG Asset Management, New York University (NYU) - Department of Finance and VU University Amsterdam, PGO-IM
Downloads 40 (366,906)

Abstract:

8.
Downloads 2,314 ( 4,326)
Citation 1

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 New York University (NYU) - Department of Finance
Downloads 2,300 (4,280)
Citation 1

Abstract:

The Term Structure of Returns: Facts and Theory

NBER Working Paper No. w21234
Number of pages: 38 Posted: 08 Jun 2015
Jules H. van Binsbergen and Ralph S. J. Koijen
University of Pennsylvania - The Wharton School and New York University (NYU) - Department of Finance
Downloads 13 (501,828)
Citation 1
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Abstract:

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
New York University (NYU) - Department of Finance and University of Pennsylvania - The Wharton School
Downloads 1 (575,105)
Citation 1
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Abstract:

corporate bonds, equity, fixed income, term structure, volatility

9.
Downloads 2,306 ( 4,355)
Citation 14

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 2,185 (4,671)
Citation 14

Abstract:

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
Jules H. van Binsbergen and Michael W. Brandt
University of Pennsylvania - The Wharton School and Duke University - Fuqua School of Business
Downloads 121 (194,763)
Citation 14

Abstract:

10.
Downloads 1,470 ( 9,365)
Citation 18

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 New York University (NYU) - Department of Finance
Downloads 1,374 (10,260)
Citation 18

Abstract:

Decentralized investment management, performance benchmark

Optimal Decentralized Investment Management

NBER Working Paper No. w12144
Number of pages: 61 Posted: 18 May 2006
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 New York University (NYU) - Department of Finance
Downloads 96 (230,479)
Citation 18

Abstract:

11.
Downloads 1,274 ( 11,838)
Citation 2

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 1,265 (11,720)
Citation 2

Abstract:

Matching, Capital Allocation, Theory of the Firm

Matching Capital and Labor

NBER Working Paper No. w20138
Number of pages: 35 Posted: 19 May 2014
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 9 (524,512)
Citation 2

Abstract:

12.
Downloads 1,136 ( 14,180)

Real Anomalies

Number of pages: 69 Posted: 16 Mar 2016 Last Revised: 16 Aug 2017
Jules H. van Binsbergen and Christian C. Opp
University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 1,120 (14,177)

Abstract:

Real Misallocations, Asset Pricing Anomalies

Real Anomalies

NBER Working Paper No. w23238
Number of pages: 54 Posted: 19 Mar 2017
Jules H. van Binsbergen and Christian C. Opp
University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 16 (484,347)
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Abstract:

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
University of Pennsylvania - The Wharton School, University of Pennsylvania - Department of Economics, New York University (NYU) - Department of Finance and Federal Reserve Bank of Atlanta - Research Department
Downloads 912 (19,393)
Citation 11

Abstract:

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
University of Pennsylvania - The Wharton School, University of Pennsylvania - Department of Economics, New York University (NYU) - Department of Finance and Federal Reserve Bank of Atlanta - Research Department
Downloads 47 (343,171)
Citation 11

Abstract:

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
University of Pennsylvania - Department of Economics, New York University (NYU) - Department of Finance, Federal Reserve Bank of Atlanta - Research Department and University of Pennsylvania - The Wharton School
Downloads 4 (550,481)
Citation 11
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Abstract:

DSGE models, Epstein-Zin Preferences, Likelihood Estimation

14.

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 833 (16,745)
Citation 2

Abstract:

Habit formation, Cross Section, Expected Returns, Markups

15.

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

Abstract:

Managerial Skill Mutual Fund Performance

16.

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 683 (27,545)
Citation 1

Abstract:

Decision Analysis, Game Theory

17.

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 New York University (NYU) - Department of Finance
Downloads 541 (38,050)
Citation 2

Abstract:

18.

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 University, University of Pennsylvania - The Wharton School and Duke University - Fuqua School of Business
Downloads 283 (75,524)
Citation 1

Abstract:

Asset Allocation, Managerial Assumptions, Pensions, Regulations

19.

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 New York University (NYU) - Department of Finance
Downloads 247 (99,409)
Citation 9

Abstract:

20.

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 141 (131,741)

Abstract:

pensions, pension benefit guaranty corporation, insurance valuation

21.

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: 22 Dec 2011
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 63 (291,401)
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Abstract:

22.

Regulation of Charlatans in High-Skill Professions

Stanford University Graduate School of Business Research Paper No. 17-43
Number of pages: 68 Posted: 04 Jun 2017 Last Revised: 06 Aug 2017
Jonathan Berk and Jules H. van Binsbergen
Stanford Graduate School of Business and University of Pennsylvania - The Wharton School
Downloads 0 (29,863)

Abstract:

Charlatans, Regulation, Information Disclosure, Licensing

23.

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 0 (85,491)

Abstract:

Mutual Funds, Equilibrium, Alpha, Size, Rational Expectations

24.

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 New York University (NYU) - Department of Finance
Downloads 0 (55,037)
Citation 10

Abstract:

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

25.

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 0 (12,693)

Abstract: