Co-authored with: Kristian Rydqvist, Joshua Spizman
Journal of Financial Economics, 2014, 111, 70-85
- https://www.sciencedirect.com/science/article/pii/S0304405X1300247X
- SSRN version
- Finalist, 2014 TIAA-CREF Paul A. Samuelson Award
- Short version reprinted in Finance and Accounting Memos 2016, 3