Lukas Schmid

Duke University - The Fuqua School of Business

Durham, NC 27708-0120

United States

SCHOLARLY PAPERS

19

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Top 3,961

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9,685

CITATIONS
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SSRN RANKINGS

Top 5,940

in Total Papers Citations

85

Scholarly Papers (19)

1.

Investment-Based Corporate Bond Pricing

Journal of Finance, Forthcoming
Number of pages: 57 Posted: 20 Sep 2011 Last Revised: 10 Jun 2014
Lars-Alexander Kuehn and Lukas Schmid
Carnegie Mellon University - David A. Tepper School of Business and Duke University - The Fuqua School of Business
Downloads 1,268 (14,731)
Citation 3

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Real investment, dynamic capital structure, default risk, credit spreads, recursive preferences, macroeconomic risk

2.

Innovation, Growth, and Asset Prices

AFA 2012 Chicago Meetings Paper
Number of pages: 50 Posted: 21 Mar 2011 Last Revised: 12 Jun 2014
Howard Kung and Lukas Schmid
London Business School and Duke University - The Fuqua School of Business
Downloads 1,180 (16,525)
Citation 9

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Endogenous growth, asset pricing, innovation, R&D, productivity, recursive preferences

3.

Fiscal Policies and Asset Prices

Review of Financial Studies, 2012
Number of pages: 47 Posted: 15 Jun 2011 Last Revised: 10 Mar 2017
Finance Department, Bocconi University, London Business School, Ohio State University (OSU) - Department of Finance and Duke University - The Fuqua School of Business
Downloads 1,179 (16,541)
Citation 9

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cost of equity, corporate tax uncertainty, tax smoothing

4.
Downloads 989 ( 21,498)
Citation 12

Equilibrium Credit Spreads and the Macroeconomy

AFA 2010 Atlanta Meetings Paper
Number of pages: 46 Posted: 18 Mar 2009 Last Revised: 15 Jun 2011
Joao F. Gomes and Lukas Schmid
The Wharton School and Duke University - The Fuqua School of Business
Downloads 533 (49,477)
Citation 12

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Credit Spreads, Capital Structure, Equity Premium, Predictability, General Equilibrium

Equilibrium Credit Spreads and the Macroeconomy

The Wharton School Research Paper No. 42
Number of pages: 46 Posted: 06 Jun 2012
Joao F. Gomes and Lukas Schmid
The Wharton School and Duke University - The Fuqua School of Business
Downloads 243 (122,935)
Citation 12

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Equilibrium Credit Spreads and the Macroeconomy

Number of pages: 33 Posted: 18 Feb 2009
Joao F. Gomes and Lukas Schmid
The Wharton School and Duke University - The Fuqua School of Business
Downloads 213 (140,156)
Citation 12

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Credit Spreads, Capital Structure, Equity Premium, Preictability, General Equilibrium

5.

Testing Dynamic Agency Theory via Structural Estimation

Simon School Working Paper No. FR 12-06, AFA 2013 San Diego Meetings Paper
Number of pages: 42 Posted: 15 Mar 2012
Boris Nikolov and Lukas Schmid
University of Lausanne and Duke University - The Fuqua School of Business
Downloads 918 (23,957)
Citation 2

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Dynamic agency, q-theory, dynamic contracting, managerial compensation, structural estimation, capital structure

6.

The Market Price of Fiscal Uncertainty

Carnegie-Rochester Conference Series on Public Policy, JME 2012
Number of pages: 41 Posted: 01 Nov 2011 Last Revised: 10 Mar 2017
Finance Department, Bocconi University, Ohio State University (OSU) - Department of Finance and Duke University - The Fuqua School of Business
Downloads 691 (35,614)
Citation 7

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Robustness, Endogenous Growth, Asset Prices

7.

Interest Rate Risk Management in Uncertain Times

Number of pages: 58 Posted: 18 Jan 2016 Last Revised: 05 Dec 2017
Lorenzo Bretscher, Lukas Schmid and Andrea Vedolin
London Business School - Department of Finance, Duke University - The Fuqua School of Business and Boston University - Department of Finance & Economics
Downloads 681 (36,317)

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interest rate uncertainty, volatility, risk management, interest rate swaps, financial frictions, corporate investment, leverage, credit risk

Government Debt and the Returns to Innovation

Journal of Financial Economics (JFE), Forthcoming, Fisher College of Business Working Paper No. 2016-03-10, Charles A. Dice Center Working Paper No. 2016-10
Number of pages: 81 Posted: 24 May 2016 Last Revised: 25 Jul 2018
Finance Department, Bocconi University, Ohio State University (OSU) - Department of Finance, University of North Carolina (UNC) at Chapel Hill - Department of Economics and Duke University - The Fuqua School of Business
Downloads 528 (50,074)

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Government Debt, Fiscal Uncertainty, Cross Section of Stock Returns, Predictability, R&D, Growth

Government Debt and the Returns to Innovation

CEPR Discussion Paper No. DP12617
Number of pages: 81 Posted: 22 Jan 2018
Finance Department, Bocconi University, Ohio State University (OSU) - Department of Finance, University of North Carolina (UNC) at Chapel Hill - Department of Economics and Duke University - The Fuqua School of Business
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Cross Section of Stock Returns, Fiscal Uncertainty, Government Debt, growth, predictability, R&D

9.

Competition, Markups and Predictable Returns

Number of pages: 51 Posted: 18 Jan 2015 Last Revised: 09 Oct 2017
Alexandre Corhay, Howard Kung and Lukas Schmid
University of Toronto - Rotman School of Management, London Business School and Duke University - The Fuqua School of Business
Downloads 473 (58,234)

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Production-based asset pricing, time-varying risk premia, stock return predictability, strategic interactions, recursive preferences

10.

A Quantitative Dynamic Agency Model of Financing Constraints

Number of pages: 46 Posted: 25 Jul 2009
Lukas Schmid
Duke University - The Fuqua School of Business
Downloads 433 (64,849)
Citation 5

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Dynamic Agency, Limited Enforcement, Financing Constraints, Capital Structure, Investment, Cross-Section of Stock Returns

11.

Levered Returns

Number of pages: 45 Posted: 02 Mar 2007
Joao F. Gomes and Lukas Schmid
The Wharton School and Duke University - The Fuqua School of Business
Downloads 385 (74,629)
Citation 38

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Cross-section of Returns, Growth Options, Financing, Leverage, Capital Structure

12.

Dynamic Corporate Liquidity

Number of pages: 65 Posted: 13 Mar 2013 Last Revised: 20 May 2017
Boris Nikolov, Lukas Schmid and Roberto Steri
University of Lausanne, Duke University - The Fuqua School of Business and University of Lausanne
Downloads 370 (78,133)

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Corporate liquidity, cash, credit lines, debt capacity, leverage, corporate investment, hedging

13.

Sticky Leverage

The Wharton School Research Paper No. 52
Number of pages: 44 Posted: 29 May 2013 Last Revised: 11 May 2016
Joao F. Gomes, Urban J. Jermann and Lukas Schmid
The Wharton School, University of Pennsylvania - Finance Department and Duke University - The Fuqua School of Business
Downloads 239 (125,514)

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Debt deflation, debt overhang, monetary non-neutrality

14.

The Sources of Financing Constraints

Swiss Finance Institute Research Paper No. 18-74
Number of pages: 60 Posted: 03 Dec 2018 Last Revised: 12 Dec 2018
Boris Nikolov, Lukas Schmid and Roberto Steri
University of Lausanne, Duke University - The Fuqua School of Business and University of Lausanne
Downloads 105 (251,861)

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Financing constraints, financial frictions, moral hazard, limited enforcement, tradeoff, dynamic contracting, agency, structural estimation, empirical policy function estimation

15.
Downloads 97 (265,624)

A Tax Plan for Endogenous Innovation

Number of pages: 44 Posted: 14 Apr 2017
Finance Department, Bocconi University, Federal Reserve Banks - Federal Reserve Bank of Atlanta, University of North Carolina (UNC) at Chapel Hill - Department of Economics and Duke University - The Fuqua School of Business
Downloads 80 (302,334)

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Innovation, endogenous growth, government debt, labor tax, subsidy, profit tax

A Tax Plan for Endogenous Innovation

FRB Atlanta Working Paper No. 2017-13, Kenan Institute of Private Enterprise Research Paper No. 19-16
Number of pages: 45 Posted: 23 Aug 2018 Last Revised: 15 May 2019
Finance Department, Bocconi University, Federal Reserve Banks - Federal Reserve Bank of Atlanta, University of North Carolina (UNC) at Chapel Hill and Duke University - The Fuqua School of Business
Downloads 17 (548,266)

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innovation, R&D investment, endogenous growth, government debt, labor tax, subsidy, profit tax

16.

Global Entropy

Number of pages: 53 Posted: 16 Feb 2014 Last Revised: 11 Sep 2015
Finance Department, Bocconi University, Ohio State University (OSU) - Department of Finance and Duke University - The Fuqua School of Business
Downloads 96 (267,424)

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Global Growth, Entropy, Contagion

Risk-Adjusted Capital Allocation and Misallocation

Number of pages: 75 Posted: 18 Oct 2018
Joel David, Lukas Schmid and David Zeke
University of Southern California, Duke University - The Fuqua School of Business and University of Southern California - Department of Economics
Downloads 52 (380,704)

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Misallocation, Costs of Business Cycles, Cross-Section of Returns, Time-Varying Risk Premia

Risk-Adjusted Capital Allocation and Misallocation

CEPR Discussion Paper No. DP13205
Number of pages: 78 Posted: 02 Oct 2018
Lukas Schmid, Joel David and David Zeke
Duke University - The Fuqua School of Business, University of Southern California and University of Southern California - Department of Economics
Downloads 1 (669,179)
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costs of business cycles, cross-section of returns, Misallocation, time-varying risk premia

18.

A Macrofinance View of U.S. Sovereign CDS Premiums

CEPR Discussion Paper No. DP11576
Number of pages: 39 Posted: 24 Oct 2016
UCLA Anderson, Duke University - The Fuqua School of Business and Board of Governors of the Federal Reserve System
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credit default swaps, recursive preferences, sovereign default

19.

Fiscal Policy and the Distribution of Consumption Risk

Posted: 29 Jun 2011 Last Revised: 19 Nov 2018
Finance Department, Bocconi University, Ohio State University (OSU) - Department of Finance and Duke University - The Fuqua School of Business

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Fiscal Policy, Endogenous Growth, Recursive Preferences, Welfare Costs