Mark M. Westerfield

University of Washington

Assistant Professor

Box 353200

Seattle, WA 98195

United States

http://www.markwesterfield.com

SCHOLARLY PAPERS

13

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Top 4,948

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12,417

SSRN CITATIONS
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SSRN RANKINGS

Top 1,610

in Total Papers Citations

264

CROSSREF CITATIONS

503

Scholarly Papers (13)

1.
Downloads 2,687 ( 7,396)
Citation 50

Portfolio Choice with Illiquid Assets

Number of pages: 46 Posted: 26 Oct 2010 Last Revised: 01 Oct 2014
Andrew Ang, Dimitris Papanikolaou and Mark M. Westerfield
Downloads 1,967 (12,025)
Citation 8

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Asset Allocation, Liquidity, Alternative Assets, Liquidity Crises

Portfolio Choice with Illiquid Assets

Management Science, November 2014, Columbia Business School Research Paper No. 14-52
Number of pages: 46 Posted: 03 Oct 2014
Andrew Ang, Dimitris Papanikolaou and Mark M. Westerfield
Downloads 332 (133,916)

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Asset Allocation, Liquidity, Alternative Assets, Liquidity Crises

Portfolio Choice with Illiquid Assets

Netspar Discussion Paper No. 10/2010-092
Number of pages: 47 Posted: 22 Apr 2011 Last Revised: 19 Sep 2014
Andrew Ang, Dimitris Papanikolaou and Mark M. Westerfield
Downloads 321 (138,326)

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Asset allocation, liquidity, alternative assets, liquidity crises

Portfolio Choice with Illiquid Assets

NBER Working Paper No. w19436
Number of pages: 47 Posted: 14 Sep 2013 Last Revised: 11 Aug 2022
Andrew Ang, Dimitris Papanikolaou and Mark M. Westerfield
Downloads 67 (486,184)
Citation 18

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2.
Downloads 1,822 ( 13,707)
Citation 105

The Price Impact and Survival of Irrational Traders

MIT Sloan Working Paper No. 4293-03, AFA 2004 San Diego Meetings, 14th Conference on Financial Economics & Acctg. (FEA), 5th Ann. Texas Finance Festival
Number of pages: 42 Posted: 20 Jan 2004
Leonid Kogan, Stephen A. Ross, Jiang Wang and Mark M. Westerfield
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Washington
Downloads 1,733 (14,711)

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Irrational Traders, Price Impact, Price Influence, Survival, Irrationality, Long Run Prices

The Price Impact and Survival of Irrational Traders

NBER Working Paper No. w9434
Number of pages: 50 Posted: 10 Jan 2003 Last Revised: 13 Oct 2022
Leonid Kogan, Stephen A. Ross, Jiang Wang and Mark M. Westerfield
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Washington
Downloads 89 (412,472)
Citation 17

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The Price Impact and Survival of Irrational Traders

Journal of Finance, February 2006
Posted: 12 Sep 2005
Leonid Kogan, Stephen A. Ross, Jiang Wang and Mark M. Westerfield
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Washington

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Irrational Traders, Price Impact, Price Influence, Survival, Irrationality, Long Run Prices

Optimal Dynamic Contracts with Moral Hazard and Costly Monitoring

Columbia Business School Research Paper No. 13-26
Number of pages: 56 Posted: 03 Jan 2009 Last Revised: 14 Sep 2016
Tomasz Piskorski and Mark M. Westerfield
Columbia University - Columbia Business School, Finance and University of Washington
Downloads 1,384 (20,675)
Citation 1

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Monitoring, Dynamic Contracts, Managerial Compensation, Moral Hazard, Endogenous Financing Constraints

Optimal Dynamic Contracts with Moral Hazard and Costly Monitoring

Journal of Economic Theory, Forthcoming, Columbia Business School Research Paper No. 16-66
Number of pages: 56 Posted: 14 Sep 2016
Tomasz Piskorski and Mark M. Westerfield
Columbia University - Columbia Business School, Finance and University of Washington
Downloads 73 (464,158)
Citation 7

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Monitoring, Dynamic Contracts, Managerial Compensation, Moral Hazard, Endogenous Financing Constraints

Looking for Someone to Blame: Delegation, Cognitive Dissonance, and the Disposition Effect

Number of pages: 72 Posted: 24 Apr 2013 Last Revised: 31 Jan 2015
Tom Chang, David H. Solomon and Mark M. Westerfield
University of Southern California - Marshall School of Business - Finance and Business Economics Department, Boston College - Carroll School of Management and University of Washington
Downloads 1,216 (25,054)
Citation 21

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Disposition Effect, Cognitive Dissonance, Mutual Funds, Delegation

Looking for Someone to Blame: Delegation, Cognitive Dissonance, and the Disposition Effect

Journal of Finance, Forthcoming
Number of pages: 72 Posted: 10 Oct 2014 Last Revised: 31 Jan 2015
Tom Chang, David H. Solomon and Mark M. Westerfield
University of Southern California - Marshall School of Business - Finance and Business Economics Department, Boston College - Carroll School of Management and University of Washington
Downloads 194 (227,425)
Citation 27

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Disposition Effect, Cognitive Dissonance, Mutual Funds, Delegation

High-Water Marks: High Risk Appetites? Convex Compensation, Long Horizons, and Portfolio Choice

Number of pages: 49 Posted: 12 Nov 2004
Mark M. Westerfield and Stavros Panageas
University of Washington and University of California, Los Angeles (UCLA) - Finance Area
Downloads 1,072 (30,170)
Citation 20

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Performance Evaluation, Hedge funds, Option-Type Compensation, High-Water Marks, Continuous Time

High-Water Marks: High Risk Appetites? Convex Compensation, Long Horizons, and Portfolio Choice

Journal of Finance, February 2009
Number of pages: 49 Posted: 17 Dec 2008
Stavros Panageas and Mark M. Westerfield
University of California, Los Angeles (UCLA) - Finance Area and University of Washington
Downloads 212 (209,648)
Citation 4

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Performance evaluation, Hedge funds, Option-type compensation, High-water marks, Continuous time

6.
Downloads 1,025 ( 32,630)
Citation 14

Market Selection

AFA 2009 San Francisco Meetings Paper
Number of pages: 54 Posted: 25 Mar 2008 Last Revised: 16 Nov 2016
Leonid Kogan, Stephen A. Ross, Jiang Wang and Mark M. Westerfield
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Washington
Downloads 842 (42,330)
Citation 6

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Financial Markets, Heterogeneous Beliefs, Price Impact, Survival, General Equilibrium

Market Selection

Journal of Economic Theory, Forthcoming
Number of pages: 54 Posted: 15 Nov 2016
Leonid Kogan, Stephen A. Ross, Jiang Wang and Mark M. Westerfield
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Washington
Downloads 94 (398,349)
Citation 1

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Financial Markets, Heterogeneous Beliefs, Price Impact, Survival, General Equilibrium

Market Selection

NBER Working Paper No. w15189
Number of pages: 41 Posted: 04 Aug 2009 Last Revised: 02 Jan 2022
Leonid Kogan, Stephen A. Ross, Jiang Wang and Mark M. Westerfield
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Washington
Downloads 89 (412,472)

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Resource Accumulation Through Economic Ties: Evidence from Venture Capital

Number of pages: 49 Posted: 31 May 2011 Last Revised: 05 Feb 2016
Yael V. Hochberg, Laura Anne Lindsey and Mark M. Westerfield
National Bureau of Economic Research (NBER), Arizona State University (ASU) - Finance Department and University of Washington
Downloads 440 (96,883)
Citation 6

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Network Formation, Organizational Networks, Venture Capital, Syndication, Matching

Resource Accumulation Through Economic Ties: Evidence from Venture Capital

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 49 Posted: 06 Mar 2015 Last Revised: 05 Feb 2016
Yael V. Hochberg, Laura Anne Lindsey and Mark M. Westerfield
National Bureau of Economic Research (NBER), Arizona State University (ASU) - Finance Department and University of Washington
Downloads 135 (308,317)
Citation 6

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Network Formation, Organizational Networks, Venture Capital, Syndication, Matching

8.
Downloads 539 ( 76,556)

Asset Allocation with Private Equity

Number of pages: 95 Posted: 30 Jan 2022 Last Revised: 19 Aug 2022
Arthur G. Korteweg and Mark M. Westerfield
University of Southern California - Marshall School of Business and University of Washington
Downloads 516 (79,988)

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Asset Allocation, Private Equity, Buyout, Venture Capital, Review Article

Asset Allocation with Private Equity

Arthur Korteweg and Mark M. Westerfield (2022), "Asset Allocation with Private Equity", Foundations and TrendsĀ® in Finance: Vol. 13: No. 2, pp 95-204. http://dx.doi.org/10.1561/0500000062
Number of pages: 95 Posted: 26 Aug 2022
Arthur G. Korteweg and Mark M. Westerfield
University of Southern California - Marshall School of Business and University of Washington
Downloads 23 (736,302)

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Asset Allocation, Private Equity, Buyout, Venture Capital, Review Article

Disagreement and Learning in a Dynamic Contracting Model

FRB of New York Staff Report No. 269, USC Marshall School of Business Research Paper
Number of pages: 41 Posted: 06 Nov 2005 Last Revised: 22 May 2008
Tobias Adrian and Mark M. Westerfield
International Monetary Fund and University of Washington
Downloads 483 (86,753)
Citation 1

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Dynamic Contracts, Heterogeneous Beliefs, Learning, Disagreement Risk, Principal-Agent, Continuous Time

Disagreement and Learning in a Dynamic Contracting Model

Review of Financial Studies, Forthcoming
Number of pages: 41 Posted: 17 Dec 2008
Tobias Adrian and Mark M. Westerfield
International Monetary Fund and University of Washington
Downloads 52 (550,815)
Citation 1

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Dynamic Contracts, Heterogeneous Beliefs, Learning, Disagreement Risk, Principal-Agent, Continuous Time

Disagreement and Learning in a Dynamic Contracting Model

The Review of Financial Studies, Vol. 22, Issue 10, pp. 3873-3906, 2009
Posted: 28 Sep 2009
Tobias Adrian and Mark M. Westerfield
International Monetary Fund and University of Washington

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D03, D86

10.
Downloads 428 (100,954)
Citation 5

Dynamic Resource Allocation with Hidden Volatility

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 55 Posted: 23 Nov 2016 Last Revised: 18 Jan 2021
Felix Zhiyu Feng and Mark M. Westerfield
University of Washington - Michael G. Foster School of Business and University of Washington
Downloads 404 (106,990)
Citation 2

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capital budgeting, transfer pricing, dynamic contracting, volatility control, cost of capital

Dynamic Resource Allocation with Hidden Volatility

Number of pages: 55 Posted: 28 Jan 2021
Felix Zhiyu Feng and Mark M. Westerfield
University of Washington - Michael G. Foster School of Business and University of Washington
Downloads 24 (727,754)
Citation 3

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capital budgeting, transfer pricing, dynamic contracting, volatility control, cost of capital

11.

The Size and Specialization of Direct Investment Portfolios

AFA 2011 Denver Meetings Paper
Number of pages: 47 Posted: 17 Mar 2010 Last Revised: 05 Feb 2016
Yael V. Hochberg and Mark M. Westerfield
National Bureau of Economic Research (NBER) and University of Washington
Downloads 270 (166,410)
Citation 13

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Specialization, Investments, Size, Order Statistics, Venture Capital

12.

Setbacks, Shutdowns, and Overruns

Number of pages: 55 Posted: 08 Feb 2021 Last Revised: 30 Jun 2021
Felix Zhiyu Feng, Curtis R. Taylor, Mark M. Westerfield and Feifan Zhang
University of Washington - Michael G. Foster School of Business, Duke University - Department of Economics, University of Washington and Duke University - Department of Economics
Downloads 246 (182,322)
Citation 1

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Project Management, Dynamic Agency, Soft Deadline, Cost-Plus-Award-Fee Contract, Schedule Slippage

13.
Downloads 139 (300,450)

Capital Commitment

Netspar Discussion Paper No. 06/2014-035
Number of pages: 78 Posted: 02 Sep 2014 Last Revised: 12 Jan 2022
Elise Gourier, Ludovic Phalippou and Mark M. Westerfield
ESSEC Business School, University of Oxford - Said Business School and University of Washington
Downloads 138 (303,135)

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Capital commitment, private equity, commitment risk, liquidity premium

Capital Commitment

CEPR Discussion Paper No. DP16910
Number of pages: 81 Posted: 14 Feb 2022
Elise Gourier, Ludovic Phalippou and Mark M. Westerfield
ESSEC Business School, University of Oxford - Said Business School and University of Washington
Downloads 1 (981,426)
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Capital commitment, commitment risk, liquidity premium, private equity