Skip to main content We are grateful for comments from Adem Atmaz, Lars Hansen, Ye Luo, Andreas Neuhierl, Markus Pelger, Seth Pruitt, Yao Zeng, and seminar and conference participants at Columbia University, Indiana University, Louisiana State University, Princeton University, ITAM Business School, University of Cincinnati, University of Chicago, Yale School of Management, EPFL, ETH Zurich, Stockholm Business School, University of Gothenburg, University of Liverpool, University of Oxford,...
