Harjoat Singh Bhamra

Imperial College Business School

Associate Professor

Tanaka Building

Exhibition Rd

London, SW7 2AZ

United Kingdom

http://www.harjoatbhamra.com

SCHOLARLY PAPERS

16

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6,688

SSRN CITATIONS
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SSRN RANKINGS

Top 2,336

in Total Papers Citations

225

CROSSREF CITATIONS

342

Scholarly Papers (16)

The Levered Equity Risk Premium and Credit Spreads: A Unified Framework

The Review of Financial Studies, Forthcoming
Number of pages: 56 Posted: 30 Sep 2007 Last Revised: 03 Mar 2009
Harjoat Singh Bhamra, Lars-Alexander Kuehn and Ilya A. Strebulaev
Imperial College Business School, Carnegie Mellon University - David A. Tepper School of Business and Stanford University - Graduate School of Business
Downloads 1,710 (12,690)
Citation 28

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Equity premium, corporate bond credit spread, predictability, macroeconomic conditions, jumps, capital structure, default

The Levered Equity Risk Premium and Credit Spreads: A Unified Framework

Number of pages: 78 Posted: 05 Apr 2018
Harjoat Singh Bhamra, Lars-Alexander Kuehn and Ilya A. Strebulaev
Imperial College Business School, Carnegie Mellon University - David A. Tepper School of Business and Stanford University - Graduate School of Business
Downloads 1 (838,612)
Citation 22
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Capital Structure, corporate bond credit spread, default, Equity premium, jumps, macroeconomic conditions, predictability

The Levered Equity Risk Premium and Credit Spreads: A Unified Framework

The Review of Financial Studies, Vol. 23, Issue 2, pp. 645-703, 2009
Posted: 01 Feb 2010
Harjoat Singh Bhamra, Lars-Alexander Kuehn and Ilya A. Strebulaev
Imperial College Business School, Carnegie Mellon University - David A. Tepper School of Business and Stanford University - Graduate School of Business

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2.

The Aggregate Dynamics of Capital Structure and Macroeconomic Risk

Number of pages: 58 Posted: 10 Sep 2008 Last Revised: 06 Nov 2009
Harjoat Singh Bhamra, Lars-Alexander Kuehn and Ilya A. Strebulaev
Imperial College Business School, Carnegie Mellon University - David A. Tepper School of Business and Stanford University - Graduate School of Business
Downloads 1,119 (24,595)
Citation 49

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Dynamic capital structure, leverage, aggregate dynamics, cross-sectional behavior, default probability, financial constraints, macroeconomic risk, risk aversion, elasticity of intertemporal substitution

Asset Prices with Heterogeneity in Preferences and Beliefs

AFA 2010 Atlanta Meetings Paper
Number of pages: 71 Posted: 19 Mar 2009 Last Revised: 08 Jan 2015
Harjoat Singh Bhamra and Raman Uppal
Imperial College Business School and EDHEC Business School
Downloads 625 (54,241)
Citation 33

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heterogeneity, general equilibrium, stationarity, equity risk premium, volatility

Asset Prices with Heterogeneity in Preferences and Beliefs

Number of pages: 78 Posted: 08 May 2013
Harjoat Singh Bhamra and Raman Uppal
Imperial College Business School and EDHEC Business School
Downloads 5 (797,184)
Citation 29
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Asset Pricing, General Equilibrium

Does Household Finance Matter? Small Financial Errors with Large Social Costs

Number of pages: 108 Posted: 27 Jan 2016 Last Revised: 01 Oct 2018
Harjoat Singh Bhamra and Raman Uppal
Imperial College Business School and EDHEC Business School
Downloads 474 (76,771)
Citation 4

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Portfolio choice, underdiversification bias, growth, social welfare

Does Household Finance Matter? Small Financial Errors with Large Social Costs

Number of pages: 63 Posted: 06 Nov 2017
Harjoat Singh Bhamra and Raman Uppal
Imperial College Business School and EDHEC Business School
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Citation 10
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familiarity bias, growth, Portfolio choice, social welfare, underdiversification

5.

Monetary Policy and Corporate Default

Journal of Monetary Economics, 58 (5), 480-494, July 2011
Number of pages: 39 Posted: 02 Feb 2011 Last Revised: 07 May 2013
Harjoat Singh Bhamra, Adlai J. Fisher and Lars-Alexander Kuehn
Imperial College Business School, University of British Columbia (UBC) - Sauder School of Business and Carnegie Mellon University - David A. Tepper School of Business
Downloads 433 (86,320)
Citation 4

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Monetary policy, interest rate rule, corporate default, capital structure, leverage, credit spreads

6.

Non-Redundant Derivatives in a Dynamic General Equilibrium Economy

London Business School Working Paper; EFA 2002 Berlin Meetings Presented Paper, Sauder School of Business Working Paper
Number of pages: 53 Posted: 20 Mar 2002
Harjoat Singh Bhamra, Leonid Kogan and Raman Uppal
Imperial College Business School, Massachusetts Institute of Technology (MIT) - Sloan School of Management and EDHEC Business School
Downloads 357 (107,637)

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Asset pricing, derivative valuation, portfolio choice, incomplete markets

The Effect of Introducing a Non-Redundant Derivative on the Volatility of Stock-Market Returns

Sauder School of Business Working Paper, AFA 2007 Chicago Meetings Paper
Number of pages: 40 Posted: 15 Mar 2006
Harjoat Singh Bhamra and Raman Uppal
Imperial College Business School and EDHEC Business School
Downloads 340 (112,976)
Citation 6

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Excess volatility, general equilibrium, heterogeneous agents, prudence

The Effect of Introducing a Non-Redundant Derivative on the Volatility of Stock-Market Returns

Number of pages: 30 Posted: 16 Aug 2006
Harjoat Singh Bhamra and Raman Uppal
Imperial College Business School and EDHEC Business School
Downloads 14 (720,094)
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General equilibrium, options, volatility, risk-sharing

8.

Stock Market Liberalization and the Cost of Capital in Emerging Markets

Number of pages: 49 Posted: 19 Mar 2009
Harjoat Singh Bhamra
Imperial College Business School
Downloads 349 (110,397)
Citation 5

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international finance, stock market integration, continuous time, general equilibrium, incomplete markets

The Role of Risk Aversion and Intertemporal Substitution in Dynamic Consumption-Portfolio Choice with Recursive Utility

EFA 2003 Annual Conference Paper No. 267, Sauder School of Business Working Paper
Number of pages: 28 Posted: 21 Jul 2003
Harjoat Singh Bhamra and Raman Uppal
Imperial College Business School and EDHEC Business School
Downloads 312 (124,015)

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Intertemporal optimization and decision making

The Role of Risk Aversion and Intertemporal Substitution in Dynamic Consumption-Portfolio Choice with Recursive Utility

Number of pages: 32 Posted: 24 Aug 2005
Harjoat Singh Bhamra and Raman Uppal
Imperial College Business School and EDHEC Business School
Downloads 25 (633,435)
Citation 2
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Intertemporal optimization, decision making

10.

Stochastic Idiosyncratic Cash Flow Risk and Real Options: Implications for Stock Returns

Journal of Economic Theory, Forthcoming, 2015 Society for Economic Dynamics in Warsaw, 2015 American Finance Association Annual Meetings in Boston, 2014 European Finance Association Annual Meetings in Lugano , 2013 Adam Smith Asset Pricing Conference in Oxford , 2013 China International Finance Conference in Shanghai , 2013 Northern Finance Association Annual Meetings in Quebec , 2013 Tel Aviv Finance Conference
Number of pages: 43 Posted: 12 Jan 2013 Last Revised: 28 Nov 2016
Harjoat Singh Bhamra and Kyung Hwan Shim
Imperial College Business School and University of New South Wales (UNSW)
Downloads 307 (126,926)
Citation 5

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Idiosyncratic return volatility, cross-section of stock returns, asset pricing, real options, growth options, stochastic volatility, regime switching, mixed jump-diffusion processes

Small Growth and Distress Returns: Two Sides of the Same Coin?

2015 World Congress of the Econometric Society, 1st Place 2015 CQAsia Academic Competition, Hong Kong, 2014 SAFE Asset Pricing Workshop, Best Paper on Valuation, 2014 26th Annual Meetings Northern Finance Association, Ottawa, 2014 International Conference on Asia-Pacific Financial Markets
Number of pages: 53 Posted: 21 Nov 2013 Last Revised: 23 Feb 2016
Harjoat Singh Bhamra and Kyung Hwan Shim
Imperial College Business School and University of New South Wales (UNSW)
Downloads 133 (274,090)

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Distress, size, book-to-market, small, growth, glamor, stocks, failure risk, default risk, anomalies, cross section of stock returns, asset pricing, real options, growth options, mixed jump-diffusion process

Small Growth and Distress Returns: Two Sides of the Same Coin?

2015 World Congress of the Econometric Society, 1st Place, 2015 CQAsia Academic Competition, Hong Kong, 2014 SAFE Asset Pricing Workshop, Best Paper on Valuation, 2014 26th Annual Meetings Northern Finance Association, Ottawa, 2014 International Conference on Asia-Pacific Financial Markets
Number of pages: 53 Posted: 17 Jun 2013 Last Revised: 23 Feb 2016
Harjoat Singh Bhamra and Kyung Hwan Shim
Imperial College Business School and University of New South Wales (UNSW)
Downloads 93 (352,530)

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Distress, size, book-to-market, small, growth, glamor, stocks, failure risk, default risk, anomalies, cross section of stock returns, asset pricing, real options, growth options, mixed jump-diffusion process

Do the Effects of Individual Behavioral Biases Cancel Out?

Number of pages: 46 Posted: 04 Jan 2017 Last Revised: 06 Jul 2021
Harjoat Singh Bhamra and Raman Uppal
Imperial College Business School and EDHEC Business School
Downloads 157 (239,556)
Citation 3

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Behavioral finance, money market, aggregate growth, stochastic discount factor.

Do Individual Behavioral Biases Affect Financial Markets and the Macroeconomy?

Number of pages: 59 Posted: 06 Nov 2017
Harjoat Singh Bhamra and Raman Uppal
Imperial College Business School and EDHEC Business School
Downloads 0
Citation 1
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aggregate growth, ambiguity aversion, behavioral finance, investment, underdiversification

Do the Effects of Individual Behavioral Biases Cancel Out?

Number of pages: 49 Posted: 14 Jul 2021
Harjoat Singh Bhamra and Raman Uppal
Imperial College Business School and EDHEC Business School
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13.

The Real Effects of Market Inefficiency: Aggregate Versus Cross-Sectional Mispricing

Number of pages: 34 Posted: 24 Apr 2018
Harjoat Singh Bhamra, Huafeng (Jason) Chen and Lorenzo Garlappi
Imperial College Business School, Fudan University - Fanhai International School of Finance (FISF) and University of British Columbia (UBC) - Sauder School of Business
Downloads 84 (372,541)

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Market Efficiency, Equilibrium Asset Pricing

High Inflation: Low Default Risk and Low Equity Valuations

Chicago Booth Research Paper No. 18-12
Number of pages: 130 Posted: 11 Dec 2018 Last Revised: 08 Sep 2021
Imperial College Business School, HEC Montreal, UNSW Business School and University of Chicago - Finance
Downloads 58 (461,254)

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high inflation, default risk, equity, leverage, credit spreads

Low Inflation: High Default Risk and High Equity Valuations

Number of pages: 78 Posted: 03 Dec 2018 Last Revised: 05 Sep 2021
Imperial College Business School, HEC Montreal, UNSW Business School and University of Chicago - Finance
Downloads 18 (687,287)

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15.

A Dynamic Equilibrium Model of Imperfectly Integrated Financial Markets

Journal of Economic Theory, Vol. 154, 2014
Number of pages: 71 Posted: 09 Jan 2015
Harjoat Singh Bhamra, Nicolas Coeurdacier and St├ęphane Guibaud
Imperial College Business School, London Business School and SciencesPo - Department of Economics
Downloads 74 (400,784)
Citation 6

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Two Trees, Asset Pricing with Heterogeneous Investors, Home Bias in Portfolios, International Stock Return Correlations, Financial Integration

16.

The Effect of Introducing a Non-Redundant Derivative on the Volatility of Stock-Market Returns When Agents Differ in Risk Aversion

The Review of Financial Studies, Vol. 22, Issue 6, pp. 2303-2330, 2009
Posted: 01 Jun 2009
Harjoat Singh Bhamra and Raman Uppal
Imperial College Business School and EDHEC Business School

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G12, D51, D52, D91