Mark M. Westerfield

University of Washington

Assistant Professor

Box 353200

Seattle, WA 98195

United States

http://markwesterfield.com

  • University of Washington

SCHOLARLY PAPERS

13

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14,152

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449

CROSSREF CITATIONS

501

Scholarly Papers (13)

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1.

Portfolio Choice with Illiquid Assets

Downloads 2,820 ( 8,151)
Citation 58

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
BlackRock, Inc, Northwestern University - Kellogg School of Management - Department of Finance and University of Washington
Downloads 2,011 (13,729)
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
BlackRock, Inc, Northwestern University - Kellogg School of Management - Department of Finance and University of Washington
Downloads 383 (133,416)

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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
BlackRock, Inc, Northwestern University - Kellogg School of Management - Department of Finance and University of Washington
Downloads 339 (153,132)

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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: 09 Feb 2023
Andrew Ang, Dimitris Papanikolaou and Mark M. Westerfield
BlackRock, Inc, Northwestern University - Kellogg School of Management - Department of Finance and University of Washington
Downloads 87 (497,942)
Citation 25

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2.

The Price Impact and Survival of Irrational Traders

Downloads 1,851 (15,792)
Citation 119

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 1,749 (17,153)

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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 102 (448,196)
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

3.

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

Downloads 1,515 (21,753)
Citation 93

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 1,280 (27,460)
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 235 (222,803)
Citation 49

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Disposition Effect, Cognitive Dissonance, Mutual Funds, Delegation

4.

Optimal Dynamic Contracts with Moral Hazard and Costly Monitoring

Downloads 1,501 (22,055)
Citation 30

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 1,408 (23,821)
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 93 (477,143)
Citation 7

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

5.

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

Downloads 1,307 (27,022)
Citation 32

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 1,084 (34,936)
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 223 (234,374)
Citation 4

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

6.

Market Selection

Downloads 1,058 (36,717)
Citation 18

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 858 (48,479)
Citation 4

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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 103 (444,964)
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: 03 Jul 2023
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 97 (463,971)
Citation 6

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7.

Asset Allocation with Private Equity

Downloads 962 (42,017)
Citation 3

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 830 (50,763)

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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 Trends® 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 132 (369,589)
Citation 1

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

8.

Capital Commitment

Downloads 792 (54,861)
Citation 3

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 788 (54,409)
Citation 1

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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 4 (1,069,573)
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Capital commitment, commitment risk, liquidity premium, private equity

9.

Resource Accumulation Through Economic Ties: Evidence from Venture Capital

Downloads 614 (76,281)
Citation 24

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 464 (106,583)
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 150 (333,797)
Citation 15

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

10.

Disagreement and Learning in a Dynamic Contracting Model

Downloads 562 (85,213)
Citation 18

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 501 (97,148)
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 61 (610,908)
Citation 3

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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

11.

Dynamic Resource Allocation with Hidden Volatility

Downloads 487 (101,677)
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 450 (110,489)
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 37 (762,453)
Citation 3

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

12.

Setbacks, Shutdowns, and Overruns

Number of pages: 51 Posted: 08 Feb 2021 Last Revised: 17 Oct 2023
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 390 (131,835)
Citation 2

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

13.

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 293 (179,408)
Citation 12

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Specialization, Investments, Size, Order Statistics, Venture Capital