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. Back, Kerry, Alan D. Crane, and Kevin Crotty. (2018). "Skewness Consequences of Seeking Alpha" The Review of Financial Studies, 31(12), 4720-4761.

6. Crane, Alan D., Andrew Koch, and Sébastien Michenaud. (2019). "Institutional Investor Cliques and Governance" Journal of Financial Economics, 133(1), 175-197.

7. Crane, Alan D., Kevin Crotty, Sébastien Michenaud, and Patricia Naranjo. (2019). "The Causal Effects of Short-Selling Bans: Evidence from Eligibility Thresholds" The Review of Asset Pricing Studies, 9(1), 137-170.

8. Crane, Alan D. and Kevin Crotty. (2020). "How Skilled are Security Analysts?" The Journal of Finance, 75(3), 1629-1675.

Working Papers

"Public and Private Information: Complements or Substitutes?" with Kevin Crotty and Tarik Umar

https://ssrn.com/abstract=3127825

"Real Effects of Markets on Politics: Evidence from U.S. Presidential Elections" with Andrew Koch and Leming Lin

https://ssrn.com/abstract=3460209

"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

http://ssrn.com/abstract=1031010