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Arthur Korteweg

Dean’s Associate Professor in Business Administration & Associate Professor of Finance and Business Economics
Building
HOH
Room / Office
721

PhD, MBA, University of Chicago; Tilburg University MA

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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Korteweg, Arthur.,Sorensen, Morten. () "Skill and Luck in Private Equity Performance", Journal of Financial Economics, 124, 535-562.
Korteweg, Arthur.,Bernstein, Shai.,Laws, Kevin. () "Attracting Early Stage Investors: Evidence from a Randomized Field Experiment", Journal of Finance, 72, 509-538.
Korteweg, Arthur.,Kraussl, Roman.,Verwijmeren, Patrick. () "Does it Pay to Invest in Art? A Selection-corrected Returns Perspective", Review of Financial Studies, 29, 1007-1038.
Korteweg, Arthur.,Nagel, Stefan. () "Risk-Adjusting the Returns to Venture Capital", Journal of Finance, 71, 1437-1470.
Korteweg, Arthur.,Sorensen, Morten. () "Estimating Loan-to-Value Distributions", Real Estate Economics, 44, 41-86.
Korteweg, Arthur.,Johannes, Michael.,Polson, Nicholas. () "Sequential Learning, Predictability, and Optimal Portfolio Returns", Journal of Finance, 69, 611-644.
Korteweg, Arthur. () "Markov Chain Monte Carlo Methods in Corporate Finance", Bayesian Theory and Applications, Oxford University Press, 26, 1, 516-545.