Last update: May 19 2013
Frederico Belo
Assistant Professor of Finance
University of Minnesota
Carlson School of
Management
321 19th Ave S
Minneapolis, MN, 55455 USA
email: fbelo_at_umn.edu
Faculty Research Fellow, National Bureau of Economic Research
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),
2013, Journal of Financial Economics,
107(2), 305-324 Slides
- Winner of 2011 Crowell
Memorial Prize (third prize), PanAgora Asset Management
- Media: Financial
Times (Oct. 31, 2012); Financial
Times (Nov. 3, 2012).
Government
Investment and the Stock Market (with Jianfeng Yu), 2013, Journal of Monetary Economics, 60(3),
325-339. Online appendix
Brand Capital
and Firm Value (with Maria Ana
Vitorino and Xiaoji
Lin), 2013, Review of Economic
Dynamics, forthcoming
Working Papers
Labor
Heterogeneity and Asset Prices: the Importance of Skilled Labor (with Xiaoji Lin) (Dec
2012)
Labor Hiring,
Investment and Stock Return Predictability in the Cross Section (with Xiaoji Lin and
Santiago Bazdresch) online appendix
(Sep 2012)
Endogenous Dividend Dynamics and the Term
Structure of Dividend Strips (with Bob Goldstein
and Pierre
Collin-Dufresne) (May 2012)
A Supply Approach
to Valuation (with Chen
Xue and Lu Zhang) (Feb
2013)
Drafts in Preparation
Production-Based
Bond Pricing
Accounting
for Value (with Chen Xue)
Technological
Diversification and Asset Prices (with Vasco Carvalho and Sergiy
Dubynskiy) (Sep 2012)
Asset
Pricing Accounting (with Bob Goldstein
and Sergiy Dubynskiy)
Teaching
University of
Pennsylvania, Wharton School
Corporate
Finance (Honors Sections) (UG): Fall 2011
(Average
Teaching Evaluation: 3.5 on a 0-4 scale – Evaluation report here)
University of
Minnesota, Carlson School of Management
Portfolio Management and Performance
Evaluation (UG): 2006-2013
(Average
Teaching Evaluation: 5.7 out of 6)
Empirical Methods in Finance
(Ph.D.): Spring 2007-2010
(Average
Teaching Evaluation: 5.8 out of 6)
Theory of Capital Markets (Ph.D.):
Fall 2007-2010
(Average
Teaching Evaluation: 5.8 out of 6)
Advanced
Asset Pricing Readings (Ph.D.): Fall 2010, 2012
(Average Teaching Evaluation: N.A.)
Professional Discussions
"Product Market Competition, R&D
Investment and Stock Returns" by Lifeng Gu, Western Finance Association, June 2013
(scheduled)
"Production-Based Term Structure of
Equity Returns" by Hengjie Ai, Mariano M. Croce, Anthony M. Diercks and
Kai Li, SFS Cavalcade, May 2013
"Volatility, the Macroeconomy and Asset
Prices" by Ravi Bansal, Dana Kiku, Ivan Shaliastovich, and Amir Yaron, University of Minnesota Macro-Finance
Conference, May 2013
"The Impact of Fiscal Policy on Stock
Returns” by Zhi Da, Mitch Warachka, and Hayong Yun, 5th Annual Florida State University SunTrust Beach Conference,
April 2013
"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