Lucian A. Taylor

University of Pennsylvania - The Wharton School

Lecturer

3641 Locust Walk

Philadelphia, PA 19104-6365

United States

http://finance.wharton.upenn.edu/~luket/

  • University of Pennsylvania - The Wharton School

SCHOLARLY PAPERS

18

DOWNLOADS
Rank 1,405

SSRN RANKINGS

Top 1,405

in Total Papers Downloads

40,904

TOTAL CITATIONS
Rank 198

SSRN RANKINGS

Top 198

in Total Papers Citations

1,648

Scholarly Papers (18)

Actions:
Email selected abstracts
1.

Dissecting Green Returns

Downloads 11,094 ( 1,038)
Citation 340

Dissecting Green Returns

Fama-Miller Center Working Paper, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 55 Posted: 11 Jun 2021 Last Revised: 30 Aug 2023
Lubos Pastor, Robert F. Stambaugh and Lucian A. Taylor
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 9,562 (1,301)
Citation 6

Abstract:

Loading...

sustainable investing, ESG, green factor, greenium, green bond

Dissecting Green Returns

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2021-70
Number of pages: 55 Posted: 18 Jun 2021 Last Revised: 15 Jun 2022
Lubos Pastor, Robert F. Stambaugh and Lucian A. Taylor
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 1,432 (29,029)
Citation 2

Abstract:

Loading...

Sustainable investing, ESG, environment, climate change, green bonds

Dissecting Green Returns

NBER Working Paper No. w28940
Number of pages: 56 Posted: 21 Jun 2021 Last Revised: 28 Jan 2023
Lubos Pastor, Robert F. Stambaugh and Lucian A. Taylor
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 98 (591,358)
Citation 19

Abstract:

Loading...

Dissecting Green Returns

CEPR Discussion Paper No. DP16260
Number of pages: 58 Posted: 14 Jul 2021 Last Revised: 23 Jun 2022
Lubos Pastor, Robert F. Stambaugh and Lucian A. Taylor
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 2 (1,387,921)
Citation 313
  • Add to Cart

Abstract:

Loading...

ESG, green bonds, green factor, greenium, sustainable investing

2.

Sustainable Investing in Equilibrium

Downloads 9,380 ( 1,353)
Citation 642

Sustainable Investing in Equilibrium

Chicago Booth Research Paper No. 20-12, Fama-Miller Working Paper, Journal of Financial Economics (JFE), Forthcoming, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 54 Posted: 19 Dec 2019 Last Revised: 30 Aug 2023
Lubos Pastor, Robert F. Stambaugh and Lucian A. Taylor
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 8,793 (1,511)
Citation 103

Abstract:

Loading...

sustainable investing, socially responsible investing, ESG, social impact

Sustainable Investing in Equilibrium

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-24
Number of pages: 53 Posted: 24 Mar 2020
Lubos Pastor, Robert F. Stambaugh and Lucian A. Taylor
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 493 (123,565)
Citation 51

Abstract:

Loading...

sustainable investing, socially responsible investing, ESG, social impact

Sustainable Investing in Equilibrium

NBER Working Paper No. w26549
Number of pages: 55 Posted: 16 Dec 2019 Last Revised: 17 Jul 2023
Lubos Pastor, Robert F. Stambaugh and Lucian A. Taylor
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 92 (616,514)
Citation 25

Abstract:

Loading...

Sustainable Investing in Equilibrium

CEPR Discussion Paper No. DP14171
Number of pages: 57 Posted: 17 Dec 2019 Last Revised: 16 Jun 2020
Lubos Pastor, Robert F. Stambaugh and Lucian A. Taylor
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 2 (1,387,921)
Citation 463
  • Add to Cart

Abstract:

Loading...

ESG, social impact, Socially responsible investing, sustainable investing

3.

Scale and Skill in Active Management

Downloads 698 ( 3,631)
Citation 1

Scale and Skill in Active Management

Becker Friedman Institute for Research in Economics Working Paper No. 2014-03
Number of pages: 51 Posted: 05 Feb 2014
Lubos Pastor, Robert F. Stambaugh and Lucian A. Taylor
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 476 (128,876)
Citation 1

Abstract:

Loading...

Scale and Skill in Active Management

Chicago Booth Research Paper No. 14-20
Number of pages: 52 Posted: 15 Jul 2014
Lubos Pastor, Robert F. Stambaugh and Lucian A. Taylor
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 222 (295,357)

Abstract:

Loading...

4.

Intangible Capital and the Investment-q Relation

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 56 Posted: 07 Mar 2014 Last Revised: 02 Sep 2016
Ryan H. Peters and Lucian A. Taylor
Tulane University - Finance & Economics and University of Pennsylvania - The Wharton School
Downloads 4,209 (5,371)
Citation 447

Abstract:

Loading...

Tobin's q, Investment, Intangible Capital, R&D, Organization Capital

5.

Do Funds Make More When They Trade More?

Downloads 2,965 ( 9,407)
Citation 11

Do Funds Make More When They Trade More?

Journal of Finance, Forthcoming, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 53 Posted: 16 Nov 2014 Last Revised: 11 Aug 2020
Lubos Pastor, Robert F. Stambaugh and Lucian A. Taylor
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 2,673 (10,892)

Abstract:

Loading...

turnover, skill, performance, active management, mutual funds

Do Funds Make More When They Trade More?

Fama-Miller Working Paper , Chicago Booth Research Paper No. 14-39
Number of pages: 46 Posted: 19 Nov 2014
Lubos Pastor, Robert F. Stambaugh and Lucian A. Taylor
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 179 (361,964)

Abstract:

Loading...

Do Funds Make More When They Trade More?

NBER Working Paper No. w20700
Number of pages: 51 Posted: 24 Nov 2014 Last Revised: 24 Jul 2023
Lubos Pastor, Robert F. Stambaugh and Lucian A. Taylor
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 113 (531,804)
Citation 11

Abstract:

Loading...

6.

Green Tilts

Downloads 2,588 (11,717)
Citation 4

Green Tilts

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper, University of Chicago, Becker Friedman Institute for Economics Working Paper, The Wharton School Research Paper Forthcoming
Number of pages: 81 Posted: 31 May 2023 Last Revised: 24 May 2024
Lubos Pastor, Robert F. Stambaugh and Lucian A. Taylor
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 2,559 (11,683)

Abstract:

Loading...

ESG, sustainable investing, portfolio tilt

Green Tilts

NBER Working Paper No. w31320
Number of pages: 82 Posted: 12 Jun 2023 Last Revised: 26 Jun 2023
Lubos Pastor, Robert F. Stambaugh and Lucian A. Taylor
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 29 (1,079,032)
Citation 4

Abstract:

Loading...

7.

Common Ownership and Innovation Efficiency

Journal of Financial Economics (JFE), forthcoming, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 57 Posted: 27 Nov 2019 Last Revised: 17 Dec 2022
Xuelin Li, Tong Liu and Lucian A. Taylor
Columbia University, MIT Sloan School of Management and University of Pennsylvania - The Wharton School
Downloads 2,351 (13,661)
Citation 1

Abstract:

Loading...

Common ownership, Innovation, Venture capital, Healthcare

8.

Fund Tradeoffs

Downloads 2,168 (15,598)
Citation 12

Fund Tradeoffs

Journal of Financial Economics (JFE), Forthcoming, Chicago Booth Research Paper No. 20-10, Fama-Miller Working Paper , Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 55 Posted: 02 Aug 2017 Last Revised: 12 Aug 2020
Lubos Pastor, Robert F. Stambaugh and Lucian A. Taylor
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 2,088 (16,200)
Citation 10

Abstract:

Loading...

fund tradeoffs, fund characteristics, portfolio liquidity, diversification

Fund Tradeoffs

NBER Working Paper No. w23670
Number of pages: 55 Posted: 17 Aug 2017 Last Revised: 06 Mar 2022
Lubos Pastor, Robert F. Stambaugh and Lucian A. Taylor
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 70 (726,899)
Citation 2

Abstract:

Loading...

Portfolio Liquidity and Diversification: Theory and Evidence

CEPR Discussion Paper No. DP12195
Number of pages: 49 Posted: 11 Aug 2017
Lubos Pastor, Robert F. Stambaugh and Lucian A. Taylor
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 8 (1,344,260)
  • Add to Cart

Abstract:

Loading...

Diversification, Mutual funds, portfolio liquidity

Fund Tradeoffs

CEPR Discussion Paper No. DP12513
Number of pages: 44 Posted: 19 Dec 2017 Last Revised: 22 Oct 2018
Lubos Pastor, Robert F. Stambaugh and Lucian A. Taylor
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 2 (1,387,921)
  • Add to Cart

Abstract:

Loading...

Diversification, Mutual funds, portfolio liquidity

9.

Dissecting Bankruptcy Frictions

Journal of Financial Economics (JFE), Forthcoming, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 75 Posted: 20 May 2019 Last Revised: 02 Feb 2021
Winston Wei Dou, Lucian A. Taylor, Wei Wang and Wenyu Wang
University of Pennsylvania - The Wharton School, University of Pennsylvania - The Wharton School, Queen's University - Smith School of Business and Indiana University - Kelley School of Business - Department of Finance
Downloads 1,079 (44,779)
Citation 41

Abstract:

Loading...

Bankruptcy, structural estimation, conflicts of interest, asymmetric information

10.

Carbon Burden

Downloads 861 (61,529)
Citation 1

Carbon Burden

Fama-Miller Working Paper, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper, The Wharton School Research Paper
Number of pages: 74 Posted: 28 Oct 2024 Last Revised: 13 Feb 2025
Lubos Pastor, Robert F. Stambaugh and Lucian A. Taylor
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 842 (62,458)

Abstract:

Loading...

carbon emissions, carbon burden, externality

Carbon Burden

NBER Working Paper No. w33110
Number of pages: 74 Posted: 05 Nov 2024
Lubos Pastor, Robert F. Stambaugh and Lucian A. Taylor
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 19 (1,208,570)
Citation 1
  • Add to Cart

Abstract:

Loading...

11.

Why are CEOS Rarely Fired? Evidence from Structural Estimation

EFA 2009 Bergen Meetings Paper
Number of pages: 51 Posted: 16 Feb 2009
Lucian A. Taylor
University of Pennsylvania - The Wharton School
Downloads 742 (75,087)
Citation 87

Abstract:

Loading...

CEO, succession, structural estimation

12.

Sustainable Investing

Downloads 662 (88,115)

Sustainable Investing

Chicago Booth Research Paper Forthcoming, The Wharton School Research Paper, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper Forthcoming
Number of pages: 33 Posted: 09 Dec 2024 Last Revised: 13 May 2025
Lubos Pastor, Robert F. Stambaugh and Lucian A. Taylor
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 635 (91,730)

Abstract:

Loading...

sustainable investing, ESG, greenium, climate risk

Sustainable Investing

NBER Working Paper No. w33252
Number of pages: 33 Posted: 26 Dec 2024
Lubos Pastor, Robert F. Stambaugh and Lucian A. Taylor
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 27 (1,116,170)
  • Add to Cart

Abstract:

Loading...

13.

Diseconomies of Scale in Active Management: Robust Evidence

Downloads 655 (87,587)
Citation 5

Diseconomies of Scale in Active Management: Robust Evidence

Number of pages: 21 Posted: 16 Jul 2021
Lubos Pastor, Robert F. Stambaugh, Lucian A. Taylor and Min Zhu
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School, University of Pennsylvania - The Wharton School and University of Queensland
Downloads 639 (89,179)
Citation 1

Abstract:

Loading...

returns to scale, diseconomies of scale, active management, robust regression

Diseconomies of Scale in Active Management: Robust Evidence

CEPR Discussion Paper No. DP16376
Number of pages: 24 Posted: 22 Sep 2021
Lubos Pastor, Robert F. Stambaugh, Lucian A. Taylor and Min Zhu
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School, University of Pennsylvania - The Wharton School and University of Queensland
Downloads 16 (1,248,831)
Citation 4
  • Add to Cart

Abstract:

Loading...

Active management, diseconomies of scale, Returns to Scale, robust regression

14.

Inefficiencies and Externalities from Opportunistic Acquirers

Journal of Financial Economics (JFE), 130 (2): 265-290. doi: 10.1016/j.jfineco.2018.07.005, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 56 Posted: 15 Jun 2016 Last Revised: 02 Sep 2020
Di Li, Lucian A. Taylor and Wenyu Wang
Peking University - HSBC School of Business, University of Pennsylvania - The Wharton School and Indiana University - Kelley School of Business - Department of Finance
Downloads 570 (104,633)
Citation 4

Abstract:

Loading...

Mergers and acquisitions, structural estimation, misvaluation, inefficiency, externality

15.

Due Diligence and the Allocation of Venture Capital

The Wharton School Research Paper
Number of pages: 60 Posted: 11 Dec 2024 Last Revised: 04 Feb 2025
Jack Xiaoyong Fu and Lucian A. Taylor
University of Pennsylvania, The Wharton School and University of Pennsylvania - The Wharton School
Downloads 353 (183,856)

Abstract:

Loading...

Due Diligence, Venture Capital, Capital Allocation

16.

CEO Wage Dynamics: Estimates from a Learning Model

Journal of Financial Economics (JFE), Vol. 108, No. 1, 2013, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 53 Posted: 03 Oct 2010 Last Revised: 11 Aug 2020
Lucian A. Taylor
University of Pennsylvania - The Wharton School
Downloads 299 (220,000)
Citation 30

Abstract:

Loading...

CEO, compensation, learning, dynamics, bargaining, SMM

17.

Dynamic Debt Runs and Financial Fragility: Evidence from the 2007 ABCP Crisis

Journal of Financial Economics (JFE), Forthcoming, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 68 Posted: 14 Mar 2012 Last Revised: 11 Aug 2020
Enrique J. Schroth, Gustavo Suarez and Lucian A. Taylor
EDHEC Business School, Board of Governors of the Federal Reserve System and University of Pennsylvania - The Wharton School
Downloads 230 (287,064)
Citation 22

Abstract:

Loading...

runs, financial crises, structural estimation, asset-backed commercial paper

18.

Entrepreneurial Learning, the IPO Decision, and the Post-Ipo Drop in Firm Profitability

The Review of Financial Studies, Vol. 22, Issue 8, pp. 3005-3046, 2009
Posted: 05 Aug 2009
Lubos Pastor, Lucian A. Taylor and Pietro Veronesi
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business

Abstract:

Loading...

D83, G32, L26