Frederico Belo

INSEAD

Associate Professor

Boulevard de Constance

77305 Fontainebleau Cedex

France

Centre for Economic Policy Research (CEPR)

London

United Kingdom

SCHOLARLY PAPERS

20

DOWNLOADS
Rank 4,363

SSRN RANKINGS

Top 4,363

in Total Papers Downloads

16,547

SSRN CITATIONS
Rank 1,893

SSRN RANKINGS

Top 1,893

in Total Papers Citations

800

CROSSREF CITATIONS

88

Scholarly Papers (20)

1.

Labor Hiring, Investment, and Stock Return Predictability in the Cross Section

Fisher College of Business Working Paper No. 2012-03-17, Charles A. Dice Center Working Paper No. 2012-17
Number of pages: 52 Posted: 15 Sep 2008 Last Revised: 10 Feb 2014
Frederico Belo, Xiaoji Lin and Santiago Bazdresch
INSEAD, University of Minnesota and Banco de México
Downloads 2,627 (9,774)
Citation 179

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Labor Hiring, Investment, q-Theory, Cross-Sectional Asset Pricing, Production-Based Asset Pricing

2.

Brand Capital and Firm Value

Fisher College of Business Working Paper No. 2013-03-04, Charles A. Dice Center Working Paper No. 2013-04
Number of pages: 51 Posted: 09 Apr 2011 Last Revised: 27 Mar 2013
Frederico Belo, Xiaoji Lin and Maria Ana Vitorino
INSEAD, University of Minnesota and INSEAD
Downloads 1,510 (23,385)
Citation 24

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Intangible Capital, Q-theory, Return Predictability, Cross-Section of Stock Returns

Labor-Force Heterogeneity and Asset Prices: The Importance of Skilled Labor

Fisher College of Business Working Paper No. 2012-03-025, Charles A. Dice Center Working Paper No. 2012-25
Number of pages: 58 Posted: 02 Oct 2012 Last Revised: 17 Dec 2016
Frederico Belo, Xiaoji Lin, Jun Li and Xiaofei Zhao
INSEAD, University of Minnesota, University of Texas at Dallas and Georgetown University - McDonough School of Business
Downloads 1,328 (27,746)
Citation 64

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Labor Heterogeneity, Labor Skill, Labor Hiring, Investment, Stock Return Predictability, Cross-Sectional Asset Pricing, q-theory, Adjustment cost shocks

Labor-Force Heterogeneity and Asset Prices: The Importance of Skilled Labor

NBER Working Paper No. w21487
Number of pages: 56 Posted: 25 Aug 2015 Last Revised: 19 Mar 2023
Frederico Belo, Xiaoji Lin, Jun Li and Zhao xiaofei
INSEAD, University of Minnesota, University of Texas at Dallas and University of Toronto - Rotman School of Management
Downloads 41 (785,782)
Citation 1

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4.

Production-Based Measures of Risk for Asset Pricing

Journal of Monetary Economics, Vol. 57, No. 2, 2010
Number of pages: 31 Posted: 15 Mar 2006 Last Revised: 06 Sep 2010
Frederico Belo
INSEAD
Downloads 1,329 (28,190)
Citation 15

Abstract:

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Production-Based Asset Pricing, Production Under Uncertainty, Cross-Sectional Asset Pricing, Marginal Rate of Transformation

5.

Government Spending, Political Cycles and the Cross Section of Stock Returns

Number of pages: 54 Posted: 19 Mar 2010 Last Revised: 10 Oct 2011
Frederico Belo, Vito D. Gala and Jun Li
INSEAD, Morningstar Investment Management LLC and University of Texas at Dallas
Downloads 1,197 (32,893)
Citation 58

Abstract:

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Cross-Sectional Asset Pricing, Government Spending, Political Cycles, Input-Output Analysis.

External Equity Financing Shocks, Financial Flows, and Asset Prices

Charles A. Dice Center Working Paper No. 2014-08, Fisher College of Business Working Paper No. 2014-03-08
Number of pages: 56 Posted: 11 Sep 2018
Frederico Belo, Xiaoji Lin and Fan Yang
INSEAD, University of Minnesota and University of Connecticut - Department of Finance
Downloads 945 (45,288)
Citation 4

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Issuance shocks, asset pricing, book-to-market, investment, costly external financing, collateral constraint

External Equity Financing Shocks, Financial Flows, and Asset Prices

NBER Working Paper No. w20210
Number of pages: 59 Posted: 16 Jun 2014 Last Revised: 23 Mar 2023
Frederico Belo, Xiaoji Lin and Fan Yang
INSEAD, University of Minnesota and University of Connecticut - Department of Finance
Downloads 227 (246,941)
Citation 19

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7.
Downloads 1,093 (37,448)
Citation 44

Decomposing Firm Value

Number of pages: 54 Posted: 27 Jan 2018 Last Revised: 24 May 2021
INSEAD, Morningstar Investment Management LLC, University of Minnesota - Twin Cities - Carlson School of Management and INSEAD
Downloads 1,026 (40,402)
Citation 3

Abstract:

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Valuation, Neoclassical Investment, Structural Estimation, Intangibles

Decomposing Firm Value

NBER Working Paper No. w26112
Number of pages: 59 Posted: 02 Aug 2019 Last Revised: 08 May 2022
INSEAD, Morningstar Investment Management LLC, University of Minnesota - Twin Cities - Carlson School of Management and INSEAD
Downloads 67 (623,733)
Citation 39

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8.

The Inventory Growth Spread

Fisher College of Business Working Paper No. 201203-023, Charles A. Dice Center Working Paper No. 2012-023
Number of pages: 53 Posted: 22 Dec 2009 Last Revised: 26 Nov 2012
Frederico Belo and Xiaoji Lin
INSEAD and University of Minnesota
Downloads 1,021 (41,241)
Citation 51

Abstract:

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Cross-Sectional Asset Pricing, Stock Return Predictability, Q-theory, Accruals Anomaly

9.

The Opposing Effects of Complexity and Information Content on Uncertainty Dynamics: Evidence from 10-K Filings

Management Science
Number of pages: 43 Posted: 09 Dec 2014 Last Revised: 28 Mar 2022
Joon Woo Bae, Frederico Belo, Jun Li, Xiaoji Lin and Xiaofei Zhao
Case Western Reserve University - Weatherhead School of Management, INSEAD, University of Texas at Dallas, University of Minnesota and Georgetown University - McDonough School of Business
Downloads 870 (51,572)
Citation 9

Abstract:

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Learning; Complexity; Information; Volatility dynamics; Textual analysis

10.

What Drives Firms' Hiring Decisions? An Asset Pricing Perspective

Number of pages: 55 Posted: 30 Apr 2020 Last Revised: 06 May 2022
Frederico Belo, Andres Donangelo, Xiaoji Lin and Ding Luo
INSEAD, no affiliation, University of Minnesota and City University of Hong Kong
Downloads 742 (63,933)
Citation 1

Abstract:

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Labor Hiring, Stock Returns, Dividend Growth, Simulated Method of Moments, Labor Adjustment Costs

11.

Government Investment and the Stock Market

Number of pages: 39 Posted: 19 Nov 2009 Last Revised: 04 Oct 2012
Frederico Belo and Jianfeng Yu
INSEAD and Tsinghua University - PBC School of Finance
Downloads 719 (66,596)
Citation 20

Abstract:

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q-theory, public sector capital, return predictability

Dividend Dynamics and the Term Structure of Dividend Strips

AFA 2013 San Diego Meetings Paper
Number of pages: 62 Posted: 19 Mar 2012 Last Revised: 08 Mar 2014
INSEAD, Ecole Polytechnique Fédérale de Lausanne and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 486 (107,606)
Citation 46

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Dividend Strips, Term Structure or Risk Premia

Endogenous Dividend Dynamics and the Term Structure of Dividend Strips

Netspar Discussion Paper No. 03/2012-040
Number of pages: 46 Posted: 26 Nov 2012
University of Minnesota - Twin Cities - Carlson School of Management, INSEAD and Ecole Polytechnique Fédérale de Lausanne
Downloads 104 (474,092)

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Endogenous Dividend Dynamics and the Term Structure of Dividend Strips

NBER Working Paper No. w18450
Number of pages: 59 Posted: 13 Oct 2012 Last Revised: 01 Jun 2023
INSEAD, Ecole Polytechnique Fédérale de Lausanne and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 27 (903,775)

Abstract:

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13.
Downloads 488 (108,547)
Citation 1

Cross-Sectional Tobin's Q

AFA 2013 San Diego Meetings Paper
Number of pages: 43 Posted: 26 Feb 2012 Last Revised: 27 Feb 2012
Frederico Belo, Chen Xue and Lu Zhang
INSEAD, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 219 (254,379)
Citation 1

Abstract:

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Tobin's Q, investment, valuation, structural estimation

Cross-Sectional Tobin's Q

Number of pages: 43 Posted: 16 Mar 2010 Last Revised: 27 Feb 2012
Frederico Belo, Chen Xue and Lu Zhang
INSEAD, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 197 (281,950)

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Tobin's Q, the value spread, investment, valuation, structural estimation

Cross-Sectional Tobin's Q

NBER Working Paper No. w16336
Number of pages: 44 Posted: 07 Sep 2010 Last Revised: 20 Feb 2022
Frederico Belo, Chen Xue and Lu Zhang
INSEAD, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 72 (599,277)

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14.

Priceless Consumption

Number of pages: 60 Posted: 11 Nov 2019 Last Revised: 05 May 2020
Frederico Belo and Andres Donangelo
INSEAD and no affiliation
Downloads 316 (176,842)
Citation 1

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Consumption, NIPA, Demand System Estimation, Translog, Asset Pricing, C-CAPM

15.

Brand Capital and Firm Value

Number of pages: 56 Posted: 18 Mar 2012
Xiaoji Lin, Frederico Belo and Maria Ana Vitorino
University of Minnesota, INSEAD and INSEAD
Downloads 306 (182,894)
Citation 50

Abstract:

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intangible capital, q-theory, cross-section of stock returns

16.

A Supply Approach to Valuation

Review of Financial Studies, Forthcoming
Number of pages: 69 Posted: 08 Sep 2013
Frederico Belo, Chen Xue and Lu Zhang
INSEAD, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 294 (190,832)
Citation 4

Abstract:

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Valuation, Tobin's q, investment, structural estimation

17.

Estimating and Testing Investment-Based Asset Pricing Models

Number of pages: 70 Posted: 07 Dec 2022 Last Revised: 11 Apr 2024
Frederico Belo, Yao Deng and Juliana Salomao
INSEAD, University of Connecticut and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 237 (236,790)

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18.

Unpacking Financial Sources of Risks: the Asset Pricing Implications of Financial Shocks

University of Connecticut School of Business Research Paper No. 22-22
Number of pages: 60 Posted: 22 Nov 2022 Last Revised: 27 Nov 2023
Frederico Belo, Xiaoji Lin, Juliana Salomao and Fan Yang
INSEAD, University of Minnesota, University of Minnesota - Twin Cities - Carlson School of Management and University of Connecticut - Department of Finance
Downloads 220 (254,241)

Abstract:

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financial shocks, value premium, momentum, q-factor, financial frictions

19.

Production-based Stochastic Discount Factors

Number of pages: 58 Posted: 07 Dec 2022 Last Revised: 23 Feb 2024
Frederico Belo and Xinwei Li
INSEAD and INSEAD
Downloads 215 (259,720)
Citation 1

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stochastic discount factor, investment, investment-based asset pricing

20.

State Ownership, Asset Prices, and Monetary Policy Transmission: A Tale of Two Sectors

Number of pages: 83 Posted: 23 Nov 2021 Last Revised: 03 Jan 2024
INSEAD, Tsinghua University - School of Social Sciences, University of Minnesota, School of Finance, Renmin University of China and University of Toronto
Downloads 205 (271,471)

Abstract:

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State ownership, monetary policy transmission, financial frictions, POE, SOE, risk premiums