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/

SCHOLARLY PAPERS

14

DOWNLOADS
Rank 3,293

SSRN RANKINGS

Top 3,293

in Total Papers Downloads

14,414

SSRN CITATIONS
Rank 1,833

SSRN RANKINGS

Top 1,833

in Total Papers Citations

530

CROSSREF CITATIONS

187

Scholarly Papers (14)

1.
Downloads 532 ( 2,622)
Citation 95

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 386 (95,143)
Citation 1

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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 146 (248,112)

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2.
Downloads 3,420 ( 3,988)
Citation 38

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: 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 3,209 (4,372)
Citation 24

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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 200 (188,731)
Citation 11

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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: 18 Jul 2021
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 11 (730,285)

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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 0
Citation 11
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ESG, social impact, Socially responsible investing, sustainable investing

3.

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 2,627 (6,236)
Citation 143

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

4.
Downloads 2,374 ( 7,333)
Citation 34

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 2,271 (7,758)

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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 87 (358,944)

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Do Funds Make More When They Trade More?

NBER Working Paper No. w20700
Number of pages: 51 Posted: 24 Nov 2014 Last Revised: 25 Jul 2021
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 16 (688,336)
Citation 11

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5.
Downloads 1,724 ( 12,315)
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 1,691 (12,465)
Citation 9

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fund tradeoffs, fund characteristics, portfolio liquidity, diversification

Fund Tradeoffs

NBER Working Paper No. w23670
Number of pages: 55 Posted: 17 Aug 2017 Last Revised: 05 Sep 2021
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 31 (579,255)
Citation 2

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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 1 (823,027)
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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 1 (823,027)
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Diversification, Mutual funds, portfolio liquidity

6.
Downloads 956 ( 29,966)
Citation 1

Dissecting Green Returns

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 53 Posted: 11 Jun 2021 Last Revised: 08 Sep 2021
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 778 (39,276)
Citation 1

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sustainable investing, ESG, green factor, greenium

Dissecting Green Returns

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2021-70
Number of pages: 53 Posted: 18 Jun 2021 Last Revised: 08 Sep 2021
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 170 (218,118)

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

Dissecting Green Returns

NBER Working Paper No. w28940
Number of pages: 54 Posted: 21 Jun 2021 Last Revised: 12 Sep 2021
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 (755,825)
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Dissecting Green Returns

CEPR Discussion Paper No. DP16260
Number of pages: 45 Posted: 14 Jul 2021
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
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7.

Common Ownership and Innovation Efficiency

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 60 Posted: 27 Nov 2019 Last Revised: 13 Jul 2021
Xuelin Li, Tong Liu and Lucian A. Taylor
University of South Carolina - Darla Moore School of Business, University of Pennsylvania - Finance Department and University of Pennsylvania - The Wharton School
Downloads 821 (36,997)
Citation 1

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venture capital, common ownership, competition, healthcare

8.

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 Dou, Lucian A. Taylor, Wei Wang and Wenyu Wang
The Wharton School, University of Pennsylvania, University of Pennsylvania - The Wharton School, Queen's University - Smith School of Business and Indiana University - Kelley School of Business - Department of Finance
Downloads 648 (50,888)
Citation 5

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Bankruptcy, structural estimation, conflicts of interest, asymmetric information

9.

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 447 (80,876)
Citation 48

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CEO, succession, structural estimation

10.

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 403 (91,262)
Citation 4

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

11.

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 194 (194,098)
Citation 15

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CEO, compensation, learning, dynamics, bargaining, SMM

12.

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 150 (242,053)
Citation 19

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

13.

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 118 (290,847)
Citation 1

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

14.

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

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D83, G32, L26