Publications
Martijn Cremers
Bernard J. Hank Professor of Finance
University of Notre Dame
Forthcoming publications:
- “Staggered Boards and Long-Term Firm Value, Revisited”, forthcoming in the Journal of Financial Economics (with Lubomir Litov and Simone Sepe)
- “Do Mutual Fund Investors Get What They Pay For? The Legal Consequences of Closet Index Funds”, forthcoming in the Virginia Law & Business Review (with Quinn Curtis)
- "Pension fund asset allocation and liability discount rates", forthcoming in the Review of Financial Studies (joint work with Aleks Andonov and Rob Bauer)
- "Active Share and the Three Pillars of Active Management: Skill, Conviction and Opportunity", forthcoming in the Financial Analysts Journal
Publications:
- “Patient Capital Outperformance: The Investment Skill of High Active Share Managers Who Trade Infrequently”, Journal of Financial Economics 122, 288-306 (with Ankur Pareek)
- “Commitment and Entrenchment in Corporate Governance”, 2016, Northwestern Law Review 110(4), 727-810 (with Saura Masconale and Simone M. Sepe)
- “Indexing and Active Fund Management: International Evidence”, 2016, Journal of Financial Economics 120(3), 539-560 (with Miguel Ferreira, Pedro Matos and Laura Starks)
- “Uncertainty and Valuations”, 2016, Critical Finance Review 5(1), 85-128 (with Hongjun Yan)
- “The Shareholder Value of Empowered Boards”, 2016, Stanford Law Review 68, 67-148 (with Simone Sepe)
- “Short-Term Trading and Stock Return Anomalies: Momentum, Reversal and Share Issuance”, 2015, Review of Finance 19(4), 1649-1701 (with Ankur Pareek)
- “Aggregate Jump and Volatility Risk in the Cross-Section of Stock Returns”, 2015, Journal of Finance 70(2), 577-614 (with Michael Halling and David Weinbaum)
- “Does the Market for CEO Talent Explain Controversial CEO Pay Practices?”, 2014, Review of Finance 18(3), 921-960 (with Yaniv Grinstein)
- “Thirty Years of Shareholder Rights and Firm Valuation”, 2014, Journal of Finance 69(3), 1167-1196 (with Allen Ferrell)
- “Should Benchmark Indices Have Alpha? Revisiting Performance Evaluation”, 2013, Critical Finance Review 2: 1–48 (lead article, with Antti Petajisto and Eric Zitzewitz)
- “Tiebreaker: Certification and Multiple Ratings,” 2012, Journal of Finance, 67(1), 113-152 (with Dion Bongaerts and William Goetzmann)
- “The CEO Pay Slice,” 2011, Journal of Financial Economics, 102(1), 199-221 (with Lucian Bebchuk and Urs Peyer)
- “Institutional Investors and Proxy Voting: The Impact of the 2003 Mutual Fund Voting Disclosure Regulation,” 2011, American Law and Economics Review, 13(1), 220-268 (with Roberta Romano)
- “Internal Capital Markets and Corporate Politics in a Banking Group,” 2011, Review of Financial Studies, 24(2), 358-401 (with Rocco Huang and Zacharias Sautner)
- “Deviations from Put-Call Parity and Stock Return Predictability,” 2010, Journal of Financial and Quantitative Analysis, 45(2), 335-367 (with David Weinbaum)
- “Does skin in the game matter? Director incentives and governance in the mutual fund industry,” 2009, Journal of Financial and Quantitative Analysis, 44(6), 1345–1373 (with Joost Driessen, Pascal Maenhout and David Weinbaum)
- “How active is your fund manager? A new measure that predicts performance,” 2009, Review of Financial Studies 22(9), 3329-3365 (with Antti Petajisto)
- “Takeovers and the cross-section of returns,” 2009, Review of Financial Studies 22(4), 1409-1445 (with Vinay Nair and Kose John)
- “Takeover Defenses and Competition: the Role of Stakeholders,” 2008, Journal of Empirical Legal Studies, 5(4), 791-818 (with Vinay Nair and Urs Peyer)
- “Explaining the level of credit spreads: option-implied jump risk premia in a firm value model,” 2008, Review of Financial Studies, 21(5), 2209-2242 (with Joost Driessen and Pascal Maenhout)
- “Individual stock-price implied volatility and credit spreads”, 2008, Journal of Banking and Finance, 32, 2706-2715 (with Joost Driessen, Pascal Maenhout and David Weinbaum)
- “Turning over turnover,” 2007, Review of Financial Studies, 20(6), 1749-1782 (with Jianping Mei)
- “Governance mechanisms and bond prices,” 2007, Review of Financial Studies, 20(5), 1359-1388 (with Vinay Nair and Jason Wei)
- “Multifactor efficiency, state variables and Bayesian inference,” 2006, Journal of Business, 79(6), 2951-2998
- “Governance mechanisms and equity prices,” 2005, Journal of Finance, 60(6), 2859-2894 (with Vinay Nair)
- “Stock return predictability: A Bayesian model selection perspective,” 2002, Review of Financial Studies, 15(4), 1223-1249