Research

CV

Published and Accepted Papers

1. Crane, Alan D., Andrew Koch, and Leming Lin. (2024) "Real Effects of Markets on Politics: Evidence from U.S. Presidential Elections." American Economic Review: Insights, 6(1),  73-88.

2.  Crane, Alan D., Kevin Crotty, and Tarik Umar. (2023).   "Hedge Funds and Public Information Acquisition." Management Science, 69(6), 3241-3262.

3. Butler, Alexander, Bruce I. Carlin, Alan D. Crane, Boyang Liu, and James P. Weston. (2021).  "The Value of Social Status." Economics Letters, 206(C). 

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

5. 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. 

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

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

8. 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.

9. 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.

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

11. 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.

Current Working Papers

1. "Detecting Informed Trade by Corporate Insiders" with Patrick Blonien and Kevin Crotty
   https://ssrn.com/abstract=4633070

2. "Project Development with Delegated Bargaining: The Role of Elevated Hurdle Rates" with John Barry, Bruce Carlin, and John Graham
   https://ssrn.com/abstract=4412436

3. "The Quality of Advice in Shareholder Voting" with Patrick Blonien, Kevin Crotty, and David De Angelis
   https://ssrn.com/abstract=3945818

4. "The Impact of Regulation on Firm Value: Evidence From Political Connections" with Andrew Koch.

Inactive Working Papers

1. "The Litigation Environment of a Firm and its Impact on Financial Policy"

2. "Is There a Disposition Effect in Corporate Investment Decisions? Evidence from Real Estate Investment Trusts" with Jay C. Hartzell