by Juliane Begenau and Emil Siriwardane - Publications - Faculty & Research

Q3Q4 3.0 Investment Management and Capital Markets Finance Luis Viceira , Emil Siriwardane Fall 2024 Q1Q2 3.0 Investment Strategies Finance William Vrattos Spring 2025 Q4 1.5 ^... View Details

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Courses by Faculty Unit - Course Catalog

2025 Q3Q4 3.0 Financial Management of Smaller Firms (also listed under Entrepreneurial Management) Richard Ruback Royce Yudkoff Fall 2024 Q1Q2 3.0 Investment Management and Capital Markets Luis Viceira Emil... View Details

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Courses by Faculty - Course Catalog

Entrepreneurial Management Spring 2025 Q4 1.5 Robert Simons Changing the World: Life Choices of Influential Leaders Accounting & Management, General Management, Organizational Behavior Spring 2025 Q3Q4 3.0 Emil View Details

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Courses by Faculty Unit - Course Catalog

2025 Q3Q4 3.0 Financial Management of Smaller Firms (also listed under Entrepreneurial Management) Richard Ruback Royce Yudkoff Fall 2024 Q1Q2 3.0 Investment Management and Capital Markets Luis Viceira Emil... View Details

09 Feb 2018
News

No Time For Complacency For U.S. Banks - Aggressive Technology Use Can Create Real Shareholder Value

Research Summary

The Connection Between Volatility and Leverage

By: Emil N. Siriwardane

Professor Siriwardane has co-developed a new econometric model that captures the link between equity volatility and financial leverage, driven by the desire to incorporate the record levels of both leverage and volatility that characterized the 2008 financial crisis... View Details

2017
Working Paper

Firm Selection and Corporate Cash Holdings

By: Juliane Begenau and Berardino Palazzo

Among stock market entrants, more firms over time are R&D intensive with initially lower profitability but higher growth potential. This sample-selection effect determines the secular trend in U.S. public firms’ cash holdings. A stylized firm industry model allows us... View Details

Keywords: Initial Public Offering; Market Entry and Exit; Supply and Industry; Research and Development

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August 2020
Article

Financial Market Risk Perceptions and the Macroeconomy

By: Carolin E. Pflueger, Emil Siriwardane and Adi Sunderam

We propose a novel measure of risk perceptions: the price of volatile stocks (PVS), defined as the book-to-market ratio of low-volatility stocks minus the book-to-market ratio of high-volatility stocks. PVS is high when perceived risk directly measured from surveys and... View Details

Keywords: Risk-centric Business Cycles; Cross-section Of Equities; Real Risk-free Rate; Real Investment; Financial Markets; Risk and Uncertainty; Perception; Investment

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28 Jul 2015
First Look

First Look: July 28, 2015

reviews through a sting conducted by Yelp. These data support our main results and shed further light on the economic incentives behind a business's decision to leave fake reviews. Publisher's link:... View Details

Keywords: Carmen Nobel

23 Jan 2018
First Look

First Look at New Research and Ideas, January 23, 2018

Journal of Econometrics Scenario Generation for Long Run Interest Rate Risk Assessment By: Engle, Robert F., Guillaume Roussellet, and Emil N. Siriwardane Abstract—We propose a... View Details

Keywords: Sean Silverthorne

2020
Working Paper

How Do Private Equity Fees Vary Across Public Pensions?

By: Juliane Begenau and Emil Siriwardane

We study how investment fees vary within private-capital funds. Net-of-fee return clustering suggests that most funds have two tiers of fees, and we decompose differences across tiers into both management and performance-based fees. Managers of venture capital funds... View Details

Keywords: Pension Funds; Fee Dispersion; Search And Negotiation Frictions; Private Equity; Investment Funds

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