Fagprofil

Ilan Cooper

Professor - Institutt for finans

Biografi

Personal homepage 

Dr. Cooper obtained his Ph.D. from the University of Chicago in 2003. His main research interests lie at the intersection of asset pricing and real investment under uncertainty. His primary research focuses on the relation between the real side of the economy, namely firms' decisions as to investing in physical capital and hiring workers, and asset return dynamics. 

Publikasjoner

Cooper, Ilan & Priestley, Richard (2016)

The expected returns and valuations of private and public firms

Journal of Financial Economics, 120(1), s. 41- 57. Doi: 10.1016/j.jfineco.2016.01.023

Cooper, Ilan & Priestley, Richard (2012)

The World Business Cycle and Expected Returns

Review of Finance, 17(3), s. 1029- 1064. Doi: 10.1093/rof/rfs014

Cooper, Ilan & Priestley, Richard (2011)

Real Investment and Risk Dynamics

Journal of Financial Economics, 101(1), s. 182- 205. Doi: 10.1016/j.jfineco.2011.02.002

Priestley, Richard & Cooper, Ilan (2009)

Time-Varying Risk Premiums and the Output Gap

The Review of financial studies, 22(7), s. 2801- 2833. Doi: 10.1093/rfs/hhn087

Cooper, Ilan (2006)

Asset pricingimplications of nonconvex adjustment costs and irreversibility of investment

Journal of Finance, 61(1), s. 139- 170.

This paper derives a real options model that accounts for the value premium. If real investment is largely irreversible, the book value of assets of a distressed firm is high relative to its market value because it has idle physical capital. The firm's excess installed capital capacity enables it to fully benefit from positive aggregate shocks without undertaking costly investment. Thus, returns to equity holders of a high book-to-market firm are sensitive to aggregate conditions and its systematic risk is high. Simulations indicate that the model goes a long way toward accounting for the observed value premium.

Cooper, Ilan; Maio, Paulo & Philip, Dennis (2017)

Multifactor models and the APT: Evidence from a broad cross section of stock returns

[Academic lecture]. Midwest Finance Association annual meeting.

Cooper, Ilan; Maio, Paulo & Philip, Dennis (2017)

Multifactor models and the APT: Evidence from a broad cross section of stock returns

[Academic lecture]. ITAM Finance Conference.

Cooper, Ilan; Mitrache, Andreea & Priestley, Richard (2017)

A Global Macroeconomic Risk Model for Value, Momentum, and other Asset Classes

[Academic lecture]. Jacob Levy Center conference.

Cooper, Ilan; Priestley, Richard & Mitrache, Andreea (2017)

A Global Macroeconomic Risk Model for Value, Momentum, and other Asset Classes

[Academic lecture]. Financial Intermediation Research Society annual conference.

Cooper, Ilan; Maio, Paulo & Philip, Dennis (2017)

Multifactor models and the APT: Evidence from a broad cross section of stock returns,

[Academic lecture]. China International Conference in Finance.

Cooper, Ilan; Priestley, Richard & Mitrache, Andreea (2017)

A Global Macroeconomic Risk Model for Value, Momentum, and other Asset Classes

[Academic lecture]. NES 25th anniversary conference.

Cooper, Ilan; Maio, Paulo & Mitrache, Andreea (2017)

What drives Q and investment fluctuations?

[Academic lecture]. NES 25th anniversary conference.

Cooper, Ilan & Maio, Paulo (2016)

Equity Risk Factors and the Intertemporal CAPM

[Academic lecture]. 2016 Midwest Finance Association Annual Meeting.

Atanasov, Victoria; Cooper, Ilan, Priestley, Richard & Zhong, Junhua (2016)

The factor structure of time-varying discount rates

[Academic lecture]. 2016 SFS Finance Cavalcade.

Andreou, Panayiotis; Cooper, Ilan, Garcia de Olalla Lopez, Ignacio & Louca, Christodoulos (2016)

Managerial overconfidence and the buyback anomaly

[Academic lecture]. European Finance Association annual meeting.

Atanasov, Victoria; Cooper, Ilan, Priestley, Richard & Zhong, Junhua (2016)

The factor structure of time-varying discount rates

[Academic lecture]. European Finance Association annual meeting.

Cooper, Ilan & Priestley, Richard (2014)

The Expected Returns and Valuations of Private and Public Firms

[Academic lecture]. Seminar at IE Business School.

Xiouros, Costas; Ehling, Paul, Cooper, Ilan & Zhanhui, Chen (2013)

Risk Aversion Sensitive Real Business Cycles

[Academic lecture]. World Finance Conference.

Akademisk grad
År Akademisk institusjon Grad
2003 University of Chicago Ph.D.
1994 Tel Aviv University M.A.
1991 Tel Aviv University B.A.
2003 University of Chicago Ph.D.
1994 Tel Aviv University M.A.
1991 Tel Aviv University B.A.
Arbeidserfaring
År Arbeidsgiver Tittel
2012 - Present BI Norwegian Business School Professor
2007 - Present Tel Aviv University Assistant Professor
2005 - 2012 BI Norwegian Business School Associate Professor
2005 - 2007 University of Haifa Assistant Professor