Vadim Elenev, Tim Landvoigt, Stijn Van Nieuwerburgh

NBER Working Paper No. 27207
Issued in May 2020

---- Acknowledgments ----

The authors thank Ralph Koijen, Hanno Lustig, Thomas Philippon, and seminar participants at Wharton's finance seminar. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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