Forthcoming Articles

Elena Andreou, Patrick Gagliardini, Eric Ghysels, and Mirco Rubin ♦ We present a set of novel theoretical results providing a solution that address for the perils of beta dynamics misspecification in the estimation of conditional asset pricing models. We show…

Matthew Denes and James F. Albertus ♦ We study the effects of private equity fund debt on cash flows, performance, and agency relationships. Funds using debt delay capital calls, boosting performance measures sensitive to cash flow timing. We find that…