Stock Market News and Output Growth (with Stig V. Møller) Forthcoming, Journal of Money, Credit and Banking.
The Role of the Discount Rate in Investment and Employment Decisions, Journal of Financial and Quantitative Analysis . Vol 58(2), 914-938, 2023 (with Stig Møller)
A Global Macroeconomic Risk Explanation for Value and Momentum and Other Asset Classes, Journal of Financial and Quantitative Analysis, Vol 57(1), 1-30, 2022. Lead Article. (with Ilan Cooper and Andreea Mitrache)
Consumption Fluctuations and Expected Returns, Journal of Finance Vol 73(3), 1677-1713, 2020 (with V. Antansov and S.V. Moller)
The Expected Returns and Valuation of Private and Public Firms, Journal of Financial Economics Vol. 120(1), 41-57, 2016 (with Ilan Cooper)
Labor Income, Relative Wealth Concerns, and the Cross-Section of Stock Returns, Journal of Financial and Quantitative Analysis, Vol 51(4), 1111-1133, 2016 (with Gomez, Juan Pedro and Zapatero, Fernando)
The World Business Cycle and Expected Returns, Review of Finance 2013. Vol, 17.(3) p. 1029-1064 (with Cooper, Ilan)
Management compensation and market timing under portfolio constraints, Journal of Economic Dynamics and Control 36, 1600-1625, 2012 (with Vikas Agarwal and J.P.Gomez).
Dividend Predictability and Dividend Smoothing, Management Science 58, 1834-1853, 2012 (with Long Chen and Zhi Da).
Dividend Growth, Cash Flow and Discount Rate News, Journal of Financial and Quantitative Analysis 47, 1003-1028, 2012. (with Ian Garrett)
Real Investment and Risk Dynamics, Journal of Financial Economics 101, 185-205, 2011 (with Ilan Cooper)
Implications of keeping up with the Joneses behavior for the equilibrium cross section of stock returns: International evidence, Journal of Finance LXIV No.6, 2703-2737. 2009 (with J.P.Gomez and F. Zapatero).
Time-Varying Risk Premia and the Output Gap, Review of Financial Studies 22, 2801-2830, 2009 (with Ilan Cooper).
EMU and European Stock Market Integration, Journal of Business 79, 365-392, 2006 (with G. Hardouvelis and D.Malliaropulos)
69th most cited paper in Finance 2000-2006, Reported in "What's New in Finance", Matti Keloharja, European Financial Management, 2008.
Dividend Behaviour and Dividend Signalling, Journal of Financial and Quantitative Analysis 35, 173-189, 2000 (with I. Garrett).
Seasonality, Stock Returns and the Macroeconomy, The Economic Journal 107, 1742-1750, 1997.