Mark M. Westerfield

University of Washington

Assistant Professor

Box 353200

Seattle, WA 98195

United States

http://www.markwesterfield.com

  • University of Washington

SCHOLARLY PAPERS

11

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Top 1,686

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241

CROSSREF CITATIONS

500

Scholarly Papers (11)

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1.

Portfolio Choice with Illiquid Assets

Downloads 2,406 ( 6,681)
Citation 48

Portfolio Choice with Illiquid Assets

Number of pages: 46 Posted: 26 Oct 2010 Last Revised: 01 Oct 2014
Andrew Ang, Dimitris Papanikolaou and Mark M. Westerfield
BlackRock, Inc, Northwestern University - Kellogg School of Management - Department of Finance and University of Washington
Downloads 1,854 (10,060)
Citation 8

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Asset Allocation, Liquidity, Alternative Assets, Liquidity Crises

Portfolio Choice with Illiquid Assets

Netspar Discussion Paper No. 10/2010-092
Number of pages: 47 Posted: 22 Apr 2011 Last Revised: 19 Sep 2014
Andrew Ang, Dimitris Papanikolaou and Mark M. Westerfield
BlackRock, Inc, Northwestern University - Kellogg School of Management - Department of Finance and University of Washington
Downloads 291 (123,819)

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Asset allocation, liquidity, alternative assets, liquidity crises

Portfolio Choice with Illiquid Assets

Management Science, November 2014, Columbia Business School Research Paper No. 14-52
Number of pages: 46 Posted: 03 Oct 2014
Andrew Ang, Dimitris Papanikolaou and Mark M. Westerfield
BlackRock, Inc, Northwestern University - Kellogg School of Management - Department of Finance and University of Washington
Downloads 221 (163,650)

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Asset Allocation, Liquidity, Alternative Assets, Liquidity Crises

Portfolio Choice with Illiquid Assets

NBER Working Paper No. w19436
Number of pages: 47 Posted: 14 Sep 2013 Last Revised: 08 Feb 2021
Andrew Ang, Dimitris Papanikolaou and Mark M. Westerfield
BlackRock, Inc, Northwestern University - Kellogg School of Management - Department of Finance and University of Washington
Downloads 40 (506,967)
Citation 13

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2.

The Price Impact and Survival of Irrational Traders

Downloads 1,791 ( 10,736)
Citation 105

The Price Impact and Survival of Irrational Traders

MIT Sloan Working Paper No. 4293-03, AFA 2004 San Diego Meetings, 14th Conference on Financial Economics & Acctg. (FEA), 5th Ann. Texas Finance Festival
Number of pages: 42 Posted: 20 Jan 2004
Leonid Kogan, Stephen A. Ross, Jiang Wang and Mark M. Westerfield
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Washington
Downloads 1,717 (11,409)

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Irrational Traders, Price Impact, Price Influence, Survival, Irrationality, Long Run Prices

The Price Impact and Survival of Irrational Traders

NBER Working Paper No. w9434
Number of pages: 50 Posted: 10 Jan 2003 Last Revised: 20 Aug 2009
Leonid Kogan, Stephen A. Ross, Jiang Wang and Mark M. Westerfield
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Washington
Downloads 74 (378,482)
Citation 15

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The Price Impact and Survival of Irrational Traders

Journal of Finance, February 2006
Posted: 12 Sep 2005
Leonid Kogan, Stephen A. Ross, Jiang Wang and Mark M. Westerfield
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Washington

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Irrational Traders, Price Impact, Price Influence, Survival, Irrationality, Long Run Prices

3.

Optimal Dynamic Contracts with Moral Hazard and Costly Monitoring

Downloads 1,395 ( 16,123)
Citation 17

Optimal Dynamic Contracts with Moral Hazard and Costly Monitoring

Columbia Business School Research Paper No. 13-26
Number of pages: 56 Posted: 03 Jan 2009 Last Revised: 14 Sep 2016
Tomasz Piskorski and Mark M. Westerfield
Columbia Business School - Finance and Economics and University of Washington
Downloads 1,337 (16,884)
Citation 1

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Monitoring, Dynamic Contracts, Managerial Compensation, Moral Hazard, Endogenous Financing Constraints

Optimal Dynamic Contracts with Moral Hazard and Costly Monitoring

Journal of Economic Theory, Forthcoming, Columbia Business School Research Paper No. 16-66
Number of pages: 56 Posted: 14 Sep 2016
Tomasz Piskorski and Mark M. Westerfield
Columbia Business School - Finance and Economics and University of Washington
Downloads 58 (431,190)
Citation 7

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Monitoring, Dynamic Contracts, Managerial Compensation, Moral Hazard, Endogenous Financing Constraints

4.

High-Water Marks: High Risk Appetites? Convex Compensation, Long Horizons, and Portfolio Choice

Downloads 1,255 ( 18,917)
Citation 24

High-Water Marks: High Risk Appetites? Convex Compensation, Long Horizons, and Portfolio Choice

Number of pages: 49 Posted: 12 Nov 2004
Mark M. Westerfield and Stavros Panageas
University of Washington and University of California, Los Angeles (UCLA) - Finance Area
Downloads 1,057 (23,985)
Citation 19

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Performance Evaluation, Hedge funds, Option-Type Compensation, High-Water Marks, Continuous Time

High-Water Marks: High Risk Appetites? Convex Compensation, Long Horizons, and Portfolio Choice

Journal of Finance, February 2009
Number of pages: 49 Posted: 17 Dec 2008
Stavros Panageas and Mark M. Westerfield
University of California, Los Angeles (UCLA) - Finance Area and University of Washington
Downloads 198 (181,579)
Citation 4

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Performance evaluation, Hedge funds, Option-type compensation, High-water marks, Continuous time

5.

Looking for Someone to Blame: Delegation, Cognitive Dissonance, and the Disposition Effect

Downloads 1,249 ( 19,059)
Citation 69

Looking for Someone to Blame: Delegation, Cognitive Dissonance, and the Disposition Effect

Number of pages: 72 Posted: 24 Apr 2013 Last Revised: 31 Jan 2015
Tom Chang, David H. Solomon and Mark M. Westerfield
University of Southern California - Marshall School of Business - Finance and Business Economics Department, Boston College - Carroll School of Management and University of Washington
Downloads 1,101 (22,606)
Citation 21

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Disposition Effect, Cognitive Dissonance, Mutual Funds, Delegation

Looking for Someone to Blame: Delegation, Cognitive Dissonance, and the Disposition Effect

Journal of Finance, Forthcoming
Number of pages: 72 Posted: 10 Oct 2014 Last Revised: 31 Jan 2015
Tom Chang, David H. Solomon and Mark M. Westerfield
University of Southern California - Marshall School of Business - Finance and Business Economics Department, Boston College - Carroll School of Management and University of Washington
Downloads 148 (234,000)
Citation 23

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Disposition Effect, Cognitive Dissonance, Mutual Funds, Delegation

6.

Market Selection

Downloads 979 ( 27,271)
Citation 14

Market Selection

AFA 2009 San Francisco Meetings Paper
Number of pages: 54 Posted: 25 Mar 2008 Last Revised: 16 Nov 2016
Leonid Kogan, Stephen A. Ross, Jiang Wang and Mark M. Westerfield
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Washington
Downloads 821 (34,422)
Citation 6

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Financial Markets, Heterogeneous Beliefs, Price Impact, Survival, General Equilibrium

Market Selection

NBER Working Paper No. w15189
Number of pages: 41 Posted: 04 Aug 2009 Last Revised: 05 Jul 2010
Leonid Kogan, Stephen A. Ross, Jiang Wang and Mark M. Westerfield
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Washington
Downloads 81 (358,884)

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Market Selection

Journal of Economic Theory, Forthcoming
Number of pages: 54 Posted: 15 Nov 2016
Leonid Kogan, Stephen A. Ross, Jiang Wang and Mark M. Westerfield
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Washington
Downloads 77 (369,856)
Citation 1

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Financial Markets, Heterogeneous Beliefs, Price Impact, Survival, General Equilibrium

7.

Resource Accumulation Through Economic Ties: Evidence from Venture Capital

Downloads 535 ( 61,437)
Citation 14

Resource Accumulation Through Economic Ties: Evidence from Venture Capital

Number of pages: 49 Posted: 31 May 2011 Last Revised: 05 Feb 2016
Yael V. Hochberg, Laura Anne Lindsey and Mark M. Westerfield
National Bureau of Economic Research (NBER), Arizona State University (ASU) - Finance Department and University of Washington
Downloads 413 (83,466)
Citation 6

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Network Formation, Organizational Networks, Venture Capital, Syndication, Matching

Resource Accumulation Through Economic Ties: Evidence from Venture Capital

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 49 Posted: 06 Mar 2015 Last Revised: 05 Feb 2016
Yael V. Hochberg, Laura Anne Lindsey and Mark M. Westerfield
National Bureau of Economic Research (NBER), Arizona State University (ASU) - Finance Department and University of Washington
Downloads 122 (272,533)
Citation 4

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Network Formation, Organizational Networks, Venture Capital, Syndication, Matching

8.

Disagreement and Learning in a Dynamic Contracting Model

Downloads 513 ( 64,747)
Citation 16

Disagreement and Learning in a Dynamic Contracting Model

FRB of New York Staff Report No. 269, USC Marshall School of Business Research Paper
Number of pages: 41 Posted: 06 Nov 2005 Last Revised: 22 May 2008
Tobias Adrian and Mark M. Westerfield
International Monetary Fund and University of Washington
Downloads 468 (71,917)
Citation 1

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Dynamic Contracts, Heterogeneous Beliefs, Learning, Disagreement Risk, Principal-Agent, Continuous Time

Disagreement and Learning in a Dynamic Contracting Model

Review of Financial Studies, Forthcoming
Number of pages: 41 Posted: 17 Dec 2008
Tobias Adrian and Mark M. Westerfield
International Monetary Fund and University of Washington
Downloads 45 (483,650)
Citation 1

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Dynamic Contracts, Heterogeneous Beliefs, Learning, Disagreement Risk, Principal-Agent, Continuous Time

Disagreement and Learning in a Dynamic Contracting Model

The Review of Financial Studies, Vol. 22, Issue 10, pp. 3873-3906, 2009
Posted: 28 Sep 2009
Tobias Adrian and Mark M. Westerfield
International Monetary Fund and University of Washington

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D03, D86

9.

Dynamic Resource Allocation with Hidden Volatility

Downloads 347 (102,799)
Citation 5

Dynamic Resource Allocation with Hidden Volatility

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 55 Posted: 23 Nov 2016 Last Revised: 18 Jan 2021
Felix Zhiyu Feng and Mark M. Westerfield
University of Washington - Michael G. Foster School of Business and University of Washington
Downloads 334 (106,669)
Citation 2

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capital budgeting, transfer pricing, dynamic contracting, volatility control, cost of capital

Dynamic Resource Allocation with Hidden Volatility

Number of pages: 55 Posted: 28 Jan 2021
Felix Zhiyu Feng and Mark M. Westerfield
University of Washington - Michael G. Foster School of Business and University of Washington
Downloads 13 (682,640)
Citation 3

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capital budgeting, transfer pricing, dynamic contracting, volatility control, cost of capital

10.

The Size and Specialization of Direct Investment Portfolios

AFA 2011 Denver Meetings Paper
Number of pages: 47 Posted: 17 Mar 2010 Last Revised: 05 Feb 2016
Yael V. Hochberg and Mark M. Westerfield
National Bureau of Economic Research (NBER) and University of Washington
Downloads 247 (147,290)
Citation 12

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Specialization, Investments, Size, Order Statistics, Venture Capital

11.

Setbacks, Shutdowns, and Overruns

Number of pages: 48 Posted: 08 Feb 2021 Last Revised: 18 Feb 2021
Felix Zhiyu Feng, Curtis R. Taylor, Mark M. Westerfield and Feifan Zhang
University of Washington - Michael G. Foster School of Business, Duke University - Department of Economics, University of Washington and Duke University - Department of Economics
Downloads 50 (454,219)

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Project Management, Dynamic Agency, Soft Deadline, Cost-Plus-Award- Fee Contract, Schedule Slippage, Optional Stopping Theorem