Research

Published and Accepted Papers

1. Crane, Alan D., Sébastien Michenaud, and James P. Weston. (2016)"The effect of institutional ownership on payout policy: Evidence from index thresholds." Review of Financial Studies, 29(6), 1377--1408.

2. Crane, Alan D. and Andrew Koch. (2018).  "Shareholder Litigation and Ownership Structure: Evidence from a Natural Experiment."  Management Science, 64(1), 5--23. 

3. Crane, Alan D. and Kevin Crotty. (2018).  "Passive versus Active Fund Performance:  Do Index Funds Have Skill?" Journal of Financial and Quantitative Analysis, 53(1), 33--64.

4. Crane, Alan D., Andrew Koch, and Chisehn Wei. (2018).  "Choosing the Precision of Performance Metrics"   Journal of Financial and Quantitative Analysis, 53(4), 1911-1935.

5. Crane, Alan D., Andrew Koch, and Sébastien Michenaud.  "Institutional Investor Cliques and Governance"   Forthcoming - Journal of Financial Economics

6. Back, Kerry, Alan D. Crane, and Kevin Crotty.  "Skewness Consequences of Seeking Alpha"  Forthcoming - Review of Financial Studies

7.
Crane, Alan D., Kevin Crotty, Sébastien Michenaud, and Patricia Naranjo.  "The Causal Effects of Short-Selling Bans:  Evidence from Eligibility Thresholds"  Forthcoming - Review of Asset Pricing Studies

8. Crane, Alan D. and Kevin Crotty.  "How Skilled are Security Analysts?" Forthcoming - Journal of Finance

Working Papers

"Do Hedge Funds Profit From Public Information?" with Kevin Crotty and Tarik Umar

"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