Research

Publications

1. 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)

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

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

4. "Institutional Investor Cliques and Governance" with Andrew Koch and Sébastien Michenaud
    Forthcoming - JFE

5. "Choosing the Precision of Performance Metrics" with Andrew Koch and Chishen Wei
    Accepted- JFQA

Working Papers

"Skewness Consequences of Seeking Alpha" with Kerry Back and Kevin Crotty
    Under revision for 3rd round review  - RFS
http://ssrn.com/abstract=2625788

"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