Last update: January 27 2012
Frederico Belo
(From July 2011- now) Visiting
Assistant Professor of Finance
The University of Pennsylvania
Wharton School
2326 Steinberg Hall-Dietrich Hall
3620 Locust
Philadelphia, PA , 19104-6367 USA
email: fbelo_at_umn.edu
(on leave from)
University of Minnesota
Carlson School of
Management
321 19th Ave S
Minneapolis, MN, 55455
My SSRN
page here
My Google Scholar page here
Publications
"Production-Based
Measures of Risk for Asset Pricing" , 2010, Journal of Monetary Economics, 57(2), 146-163. (Data
and Internet Appendix)
“The Inventory Growth Spread”
(with Xiaoji
Lin), 2012,
Review of Financial Studies, 25 (1),
278-313.
“Government
Spending, Political Cycles and the Cross Section of Stock Returns"
(with Vito
Gala and Jun Li) , Slides,
2011, Journal of Financial Economics
(forthcoming)
Winner of 2011 Crowell
Memorial Prize (third prize), PanAgora Asset
Management
Working Papers
"Labor Hiring,
Investment and Stock Return Predictability in the Cross Section" (with Santiago Bazdresch
and Xiaoji
Lin) (Nov 2011) [Under revision – new version coming soon]
“Government
Investment and the Stock Market’’ (with Jianfeng Yu) (Dec 2011)
“Cross-Sectional
Tobin Q’s” (with Chen Xue and Lu Zhang) (Nov 2011)
"Brand
Capital and Firm Value" (with Maria Ana Vitorino and Xiaoji Lin) (Jan 2012)
“Dividend Dynamics and the Term
Structure of Dividend Strips” (with Bob Goldstein
and Pierre Collin-Dufresne) (Nov 2011)
Drafts in Preparation
“Decomposing
Firm Value” (with Chen Xue and Lu
Zhang)
“Inflation, Growth, and Bond Risk Premia” (with Hui Chen, Scott Joslin
and Jianfeng Yu) (Jul 2010)
“Asset
Pricing Accounting” (with Bob Goldstein
and Sergiy Dubynskiy)
“Technological
Diversification and Asset Prices” (with Vasco Carvalho and Xavier Gabaix)
"Government Size and Asset Prices" (with Antonio Mele)
"An Argument
for Poor International Risk Sharing" (with Bob Goldstein
and Jianfeng Yu)
Professional Discussions
(pdf copy of these discussions is available by request)
"Investment-based
Momentum Profits" by Laura Liu and Lu Zhang, University of Minnesota Macro-Finance Conference, May 2011
"Credit
Conditions and Expected Stock Returns" by Sudheer
Chava, Michael Gallmeyer
and Heungju Park, European Finance Association 2010, Aug 2010
"Asset
Pricing and Housing Supply in a Production Economy" by Ivan Jaccard, Western
Finance Association 2010, Jul 2010
"The out-of-sample Performance of
Long-Run Risk Models" by Wayne Ferson,
Suresh Nallareddy and Biqin
Xie, First
World Finance Conference, May 2010
"Investors' Compensation for Illiquidity
- Evidence from the German Stock Market'' by M. Bank, M. Larch and G. Peter, First World Finance Conference, May
2010
"The
Federal Reserve and the Cross Section of Stock Returns" by Erica Li and
Francisco Palomino, Western Finance
Association, July 2009
"The
Demographics of Innovation and Asset Returns" by Nicolae
Garleanu, Leonid Kogan and
Stavros Panageas, University of Minnesota Macro-Finance Conference, May 2009
"Mutual
Fund Tax Clienteles" by Clemens Sialm and Laura
Starks, ISCTE Business School – Nova
Annual Finance Conference on Mutual Funds and Investment Management, April
2008
Teaching
University
of Pennsylvania, Wharton School, Instructor
Corporate
Finance (Honors Sections) (UG): Fall 2011
University
of Minnesota, Carlson School of Management, Instructor
Portfolio Management and Performance
Evaluation (UG): 2006-2011
Empirical Methods in Finance
(Ph.D.): Spring 2007-2010
Theory of Capital Markets (Ph.D.):
Fall 2007-2010
Advanced
Asset Pricing Readings (Ph.D.): Fall 2010