Arthur Korteweg

Jorge Paulo and Susanna Lemann Chair in Entrepreneurship, Associate Professor of Finance and Business Economics
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PhD, MBA, University of Chicago; MA, Tilburg University

Arthur Korteweg is a financial economist whose research interests include corporate finance, private equity, and alternative assets more generally. His corporate finance work aims to quantify the costs and benefits of leverage and the determinants of corporate capital structures. In his private equity research, Arthur focuses on investment decisions in alternative asset classes such as venture capital, leveraged buyout, real estate, and art. Arthur’s work has been published in leading journals including the Journal of Finance, the Journal of Financial Economics and the Review of Financial Studies, and has been cited in the Wall Street Journal, Financial Times, New York Times, and Forbes, amongst others. Prior to joining Marshall in 2014, Arthur was an Associate Professor of Finance at Stanford's Graduate School of Business.
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Arthur Korteweg, Michael Schwert, Ilya Strebulaev () "Proactive Capital Structure Adjustments: Evidence from Corporate Filings ,"  Journal of Financial and Quantitative Analysis  57, 31-66.
Michael Ewens, Alexander Gorbenko, Arthur Korteweg () "Venture Capital Contracts ,"  Journal of Financial Economics  143, 131-158.
Arthur Korteweg, Mark Westerfield () "Asset Allocation with Private Equity ,".
Arthur Korteweg, Berk Sensoy () "How Unique is VC’s American History? ,"  Journal of Economic Literature.
Arthur Korteweg () "Risk Adjustment in Private Equity Returns ,"  Annual Review of Financial Economics  11, 131-152.
Arthur Korteweg, Morten Sorensen () "Skill and Luck in Private Equity Performance ,"  Journal of Financial Economics  124, 535-562.
Arthur Korteweg, Shai Bernstein, Kevin Laws () "Attracting Early Stage Investors: Evidence from a Randomized Field Experiment ,"  Journal of Finance  72, 509-538.
Arthur Korteweg, Roman Kraussl, Patrick Verwijmeren () "Does it Pay to Invest in Art? A Selection-corrected Returns Perspective ,"  Review of Financial Studies  29, 1007-1038.
Arthur Korteweg, Stefan Nagel () "Risk-Adjusting the Returns to Venture Capital ,"  Journal of Finance  71, 1437-1470.
Arthur Korteweg, Morten Sorensen () "Estimating Loan-to-Value Distributions ,"  Real Estate Economics  44, 41-86.
Arthur Korteweg, Michael Johannes, Nicholas Polson () "Sequential Learning, Predictability, and Optimal Portfolio Returns ,"  Journal of Finance  69, 611-644.
Arthur Korteweg () "Markov Chain Monte Carlo Methods in Corporate Finance ,"  Bayesian Theory and Applications  Oxford University Press, 26  1, 516-545.