Jaewon Choi - Research

Published or Accepted Papers

“What Drives the Value Premium: The Role of Asset Risk and Leverage” Link to the SSRN Page

• Accepted, Review of Financial Studies

• Online Appendix

“Credit Risk Model with Lagged Information”, Journal of Derivatives, Winter 2008

• Link to the PDF File

Working Papers

“Granularity of Corporate Debt” with Dirk Hackbarth and Josef Zechner. Link to the SSRN Page

“On the Fundamental Relation Between Equity Returns and Interest Rates” with Matthew Richardson and Robert Whitelaw

“The Volatility of Firms’ Assets and the Leverage Effect” with Matthew Richardson. Link to the SSRN Page

“Rethinking the Conditional CAPM: The Impact of Financial Leverage” Link to the SSRN Page

Work in Progress

“Temporal Profiles of Cash Flows”

“When Liquidity Providers Became Liquidity Seekers”