selected publications

• academic article

  • The CAPM, APT, and PAPM.  SSRN Electronic Journal.  2023
  • The Diminishing Role of Active Mutual Funds: Flows and Returns.  SSRN Electronic Journal.  2023
  • Research Foundation Review 2018.  SSRN Electronic Journal.  2019
  • The PAPM with Heterogeneous Preferences and Expectations.  SSRN Electronic Journal.  2019
  • Popularity: A Bridge between Classical and Behavioral Finance.  SSRN Electronic Journal.  2018
  • The Supply of Stock Returns: Adding Back Buybacks.  SSRN Electronic Journal.  2015
  • Liquidity Style of Mutual Funds.  SSRN Electronic Journal.  2012

• blog posting

  • The Long-Run Drivers of Stock Returns: Total Payouts and the Real Economy.  SSRN Electronic Journal. 2017
  • The Equal Importance of Asset Allocation and Active Management.  SSRN Electronic Journal. 2010