Research

Publications

Crane, Alan D., Sébastien Michenaud, and James P. Weston. "The effect of institutional ownership on payout policy: Evidence from index thresholds." Review of Financial Studies (2016)

"Shareholder Litigation and Ownership Structure: Evidence from a Natural Experiment" with Andrew Koch"
    Forthcoming - Management Science

"Passive versus Active Fund Performance:  Do Index Funds Have Skill?" with Kevin Crotty
    Forthcoming - JFQA

Working Papers

"Skewness Consequences of Seeking Alpha" with Kerry Back and Kevin Crotty
    Under revision for resubmission - RFS
http://ssrn.com/abstract=2625788

"Choosing the Precision of Performance Metrics" with Andrew Koch and Chishen Wei
http://ssrn.com/abstract=2285770
   Under revision for 3rd round submission - JFQA
*Previously circulated as "Gaming the Float: How Managers Respond to EPS-Based Incentives"

"Institutional Investor Cliques and Governance" with Andrew Koch and Sébastien Michenaud
    Under revision for resubmission - JFE
http://ssrn.com/abstract=2841444

"The Causal Effects of Short-Selling Bans:  Evidence from Eligibility Thresholds" with Kevin Crotty, Sebastien Michenaud, and Patricia Naranjo
http://ssrn.com/abstract=2598142

"The Litigation Environment of a Firm and its Impact on Financial Policy.''
http://ssrn.com/abstract=1830604

"
Is There a Disposition Effect in Corporate Investment Decisions?: Evidence from Real Estate Investment Trusts'' with Jay C. Hartzell - Under revision for second round review
http://ssrn.com/abstract=1031010