Stefanos Delikouras


  1. Under-reaction to political information and momentum in stock prices, with Jawad Addoum, Da Ke, and Alok Kumar, Financial Management, Forthcoming
  2. Consumption-income sensitivity and portfolio choice, with Jawad Addoum and George KorniotisReview of Asset Pricing Studies, Forthcoming
  3. Income hedging, dynamic style preferences, and return predictability, with Jawad Addoum, George Korniotis, and Alok Kumar, Journal of Finance, Forthcoming, Online Appendix  
  4. A single-factor consumption-based asset pricing model, with Alexandros Kostakis, Journal of Financial and Quantitative Analysis, Forthcoming, Online Appendix   
  5. Where's the kink? Disappointment events in consumption growth and equilibrium asset prices, Review of Financial Studies, 30(8), 2017, pp. 2851 - 89, Online Appendix
  6. The human capital that matters: Expected returns and high-income households, with Sean Campbell, Danling Jiang, and George Korniotis, Review of Financial Studies, 29(9), 2016, pp. 2523 - 63, Online Appendix

Other Publications

  1. Backorder cost coefficient "b", what could it be? with George Liberopoulos and Isidoros Tsikis, International Journal of Production Economics, 123(1), 2010, pp. 166 - 78

Working Papers

  1. Does the simple investment-based model explain equity returns? Evidence from Euler equations, with Robert Dittmar,                                             presented at the New Methods for the Cross Section of Returns Conference at the University of Chicago
  2. Clustering fosters investment: Local agglomeration and household portfolio choice, with Jawad Addoum, Da Ke, and George Korniotis
  3. Do dollar-denominated emerging market corporate bonds insure foreign exchange risk? with with Robert Dittmar and Haitao Li, presented at the 2013 WFA and EFA Meetings and 2016 AFA Meetings
  4. Geography of firms and propagation of local economic shocks, with Gennaro Bernile, George Korniotis, and Alok Kumar, presented at the 2016 WFA Meetings
  5. Why corporate bonds may disappoint: Disappointment aversion and the credit spread puzzle

Work In Progress  

  1. Mutual fund performance and macroeconomic risks: A consumption-based approach, with Alexandros Kostakis
  2. Are fund managers effective mondey doctors? Evidence from shareholder letters, with Krystyna Bochkay and Tim Burch
  3. Disappointment aversion preferences and the expectation hypothesis in bond and currency markets
  4. Missing the forest: Asset pricing implications of networks in Lucas-tree economies
  5. Recovering the price of intangible assets: A general equilibrium approach
  6. Consuming, saving, and spending most of income, with George Korniotis