Lukas Schmid

Duke University - The Fuqua School of Business

Durham, NC 27708-0120

United States

SCHOLARLY PAPERS

21

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9,987

SSRN CITATIONS
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SSRN RANKINGS

Top 4,630

in Total Papers Citations

112

CROSSREF CITATIONS

122

Scholarly Papers (21)

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 1,282 (15,430)
Citation 15

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

2.

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 1,191 (17,259)
Citation 10

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cost of equity, corporate tax uncertainty, tax smoothing

3.

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 1,185 (17,406)
Citation 24

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

4.
Downloads 1,006 ( 22,179)
Citation 20

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 536 (51,858)
Citation 24

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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 256 (122,652)

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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 214 (146,653)
Citation 5

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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 936 (24,659)
Citation 8

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

6.

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 697 (37,176)
Citation 4

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

7.

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 694 (37,392)
Citation 6

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Robustness, Endogenous Growth, Asset Prices

8.
Downloads 566 ( 49,039)
Citation 6

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 566 (48,410)
Citation 1

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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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Citation 1
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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: 47 Posted: 18 Jan 2015 Last Revised: 27 Aug 2019
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 508 (56,360)
Citation 18

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Production-based asset pricing, imperfect competition, time-varying risk premia, stock return predictability, 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 443 (66,491)
Citation 15

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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 393 (76,797)
Citation 35

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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 Luxembourg
Downloads 392 (77,033)
Citation 10

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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 245 (128,834)
Citation 4

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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, European Corporate Governance Institute – Finance Working Paper No. 641/2019
Number of pages: 75 Posted: 03 Dec 2018 Last Revised: 07 Dec 2019
Boris Nikolov, Lukas Schmid and Roberto Steri
University of Lausanne, Duke University - The Fuqua School of Business and University of Luxembourg
Downloads 164 (186,992)
Citation 1

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

15.
Downloads 109 (257,561)

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 87 (301,336)

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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 22 (543,439)

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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 98 (277,033)
Citation 1

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Global Growth, Entropy, Contagion

17.
Downloads 71 (336,812)
Citation 5

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 70 (343,427)
Citation 6

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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 (703,682)
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costs of business cycles, cross-section of returns, Misallocation, time-varying risk premia

Benchmark Interest Rates When the Government is Risky

NBER Working Paper No. w26429
Number of pages: 72 Posted: 06 Nov 2019
McGill University, Desautels Faculty of Management, UCLA Anderson, Duke University - The Fuqua School of Business and Johns Hopkins University - Carey Business School
Downloads 7 (647,770)
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Benchmark Interest Rates When the Government is Risky

CEPR Discussion Paper No. DP14105
Number of pages: 74 Posted: 15 Nov 2019 Last Revised: 02 Dec 2019
McGill University, Desautels Faculty of Management, UCLA Anderson, Duke University - The Fuqua School of Business and Johns Hopkins University - Carey Business School
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negative swap rates, recursive preferences, sovereign credit risk, term structure

19.

Credit Market Equivalents and the Valuation of Private Firms

Posted: 16 Oct 2019
Niklas Hüther, Lukas Schmid and Roberto Steri
Indiana University - Kelley School of Business, Duke University - The Fuqua School of Business and University of Luxembourg

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private equity, stochastic discount factor, loan and corporate bond returns, secondary market trading, machine learning, portfolio company level PE data

20.

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
Downloads 0 (687,644)
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credit default swaps, recursive preferences, sovereign default

21.

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