Donald B. Keim

University of Pennsylvania - Wharton School

Professor of Finance

The Wharton School

3620 Locust Walk

Philadelphia, PA 19104

United States

SCHOLARLY PAPERS

20

DOWNLOADS
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CITATIONS
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in Total Papers Citations

28

Scholarly Papers (20)

Standing on the Shoulders of Giants: The Effect of Passive Investors on Activism

Number of pages: 54 Posted: 01 Mar 2016 Last Revised: 27 Sep 2016
Ian Appel, Todd A. Gormley and Donald B. Keim
Boston College - Carroll School of Management, Washington University in St. Louis and University of Pennsylvania - Wharton School
Downloads 1,316 (10,644)

Abstract:

activism, passive funds, corporate control, proxy fights

Standing on the Shoulders of Giants: The Effect of Passive Investors on Activism

NBER Working Paper No. w22707
Number of pages: 55 Posted: 03 Oct 2016
Ian Appel, Todd A. Gormley and Donald B. Keim
Boston College - Carroll School of Management, Washington University in St. Louis and University of Pennsylvania - Wharton School
Downloads 12 (495,897)
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Abstract:

2.

Passive Investors, Not Passive Owners

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 77 Posted: 03 Aug 2014 Last Revised: 15 Mar 2016
Ian Appel, Todd A. Gormley and Donald B. Keim
Boston College - Carroll School of Management, Washington University in St. Louis and University of Pennsylvania - Wharton School
Downloads 978 (2,846)

Abstract:

corporate governance, institutional ownership, passive funds, performance

3.

First to 'Read' the News: News Analytics and High Frequency Trading

Paris December 2015 Finance Meeting EUROFIDAI - AFFI
Number of pages: 58 Posted: 18 Nov 2013 Last Revised: 28 Oct 2015
Bastian von Beschwitz, Donald B. Keim and Massimo Massa
Board of Governors of the Federal Reserve System, University of Pennsylvania - Wharton School and INSEAD - Finance
Downloads 642 (31,576)

Abstract:

Liquidity, Stock Price Reaction, News Analytics, Information, High Frequency Trading

Simplifying Choices in Defined Contribution Retirement Plan Design

Number of pages: 34 Posted: 02 Dec 2015
Donald B. Keim and Olivia S. Mitchell
University of Pennsylvania - Wharton School and University of Pennsylvania - The Wharton School
Downloads 593 (34,615)

Abstract:

Retirement saving; default investment; pension; portfolio allocation; choice overload

Simplifying Choices in Defined Contribution Retirement Plan Design

NBER Working Paper No. w21854
Number of pages: 35 Posted: 12 Jan 2016
Donald B. Keim and Olivia S. Mitchell
University of Pennsylvania - Wharton School and University of Pennsylvania - The Wharton School
Downloads 17 (467,313)
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Abstract:

5.

Institutional Investors and Stock Market Liquidity: Trends and Relationships

Number of pages: 43 Posted: 18 Sep 2012
Marshall E. Blume and Donald B. Keim
University of Pennsylvania - Finance Department and University of Pennsylvania - Wharton School
Downloads 388 (28,803)
Citation 1

Abstract:

Institutional investors, Institutional stock ownership, SEC 13F filings, Hedge funds

6.

Valuable Information and Costly Liquidity: Evidence from Individual Mutual Fund Trades

Number of pages: 36 Posted: 05 Feb 2007
University of Toronto - Rotman School of Management, University of Pennsylvania - Wharton School and University of Pennsylvania - Finance Department
Downloads 377 (53,487)
Citation 17

Abstract:

mutual funds, trading, trading costs

7.

Stale or Sticky Prices? Non-Trading, Predictability and Mutual Fund Returns

Rodney L. White Center for Financial Research Working Paper No. 23-06
Number of pages: 34 Posted: 06 Sep 2006
Marshall E. Blume and Donald B. Keim
University of Pennsylvania - Finance Department and University of Pennsylvania - Wharton School
Downloads 319 (73,960)

Abstract:

8.

Packaging Liquidity: Blind Auctions and Transaction Cost Efficiencies

Rodney L. White Center Finance Working Paper
Number of pages: 43 Posted: 16 Aug 2002
Donald B. Keim and Kenneth A. Kavajecz
University of Pennsylvania - Wharton School and Syracuse University - Whitman School
Downloads 310 (74,731)
Citation 9

Abstract:

9.

Changing Institutional Preferences for Stocks: Direct and Indirect Evidence

Number of pages: 35 Posted: 18 Mar 2011
Marshall E. Blume and Donald B. Keim
University of Pennsylvania - Finance Department and University of Pennsylvania - Wharton School
Downloads 144 (145,712)
Citation 1

Abstract:

Institutional investors, Institutional stock ownership, SEC 13f filings, hedge funds

10.

The Changing Preferences of Institutional Investors for Common Stocks

Number of pages: 35 Posted: 29 Mar 2014
Marshall E. Blume and Donald B. Keim
University of Pennsylvania - Finance Department and University of Pennsylvania - Wharton School
Downloads 131 (134,920)

Abstract:

Institutional investors, Institutional stock ownership, SEC 13F filings, Hedge funds

11.

First to 'Read' the News: News Analytics and Institutional Trading

CEPR Discussion Paper No. DP10534
Number of pages: 67 Posted: 13 Apr 2015
Bastian von Beschwitz, Donald B. Keim and Massimo Massa
Board of Governors of the Federal Reserve System, University of Pennsylvania - Wharton School and INSEAD - Finance
Downloads 1 (532,290)
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Abstract:

Information, Institutional Trading, Stock Price Reaction, Textual Analysis

12.

On the Predictability of Common Stock Returns: World-Wide Evidence

Rodney L. White Center Working Paper No. 22-94
Posted: 08 Sep 1999
Gabriel Hawawini and Donald B. Keim
INSEAD - Finance and University of Pennsylvania - Wharton School

Abstract:

13.

Direct Evidence of Non-Trading of NYSE and Amex Stocks

Rodney L White Center for Financial Research Working Paper Number 19-93
Posted: 26 Aug 1999
Stephen R. Foerster and Donald B. Keim
University of Western Ontario - Richard Ivey School of Business and University of Pennsylvania - Wharton School

Abstract:

14.

Execution Costs and Investment Performance: An Empirical Analysis of Institutional Equity Trades

Rodney L. White Center Working Paper No. 26-94
Posted: 14 May 1998
Donald B. Keim and Ananth Madhavan
University of Pennsylvania - Wharton School and BlackRock, Inc.

Abstract:

15.

Anatomy of the Trading Process: Empirical Evidence on the Behavior of Institutional Traders

Posted: 14 May 1998
Donald B. Keim and Ananth Madhavan
University of Pennsylvania - Wharton School and BlackRock, Inc.

Abstract:

16.

An Analysis of Mutual Fund Design: The Case of Investing in Small-Cap Stocks

Rodney L. White Center Working Paper Series No. 5-98
Posted: 06 May 1998
Donald B. Keim
University of Pennsylvania - Wharton School

Abstract:

17.

The Cost of Institutional Equity Trades: An Overview

Rodney L. White Center for Financial Research Working Paper Series #8-98
Posted: 06 May 1998
Donald B. Keim and Ananth Madhavan
University of Pennsylvania - Wharton School and BlackRock, Inc.

Abstract:

18.

The Information Contained in Stock Exchange Seat Prices

Rodney L. White Center for Financial Research Working Paper Series 7-98
Posted: 29 Apr 1998
Donald B. Keim and Ananth Madhavan
University of Pennsylvania - Wharton School and BlackRock, Inc.

Abstract:

19.

The Cross Section of Common Stock Returns: A Review of the Evidence and Some New Findings

Rodney L. White Center Working Paper No. 08-99
Posted: 18 Nov 1997
Donald B. Keim and Gabriel Hawawini
University of Pennsylvania - Wharton School and INSEAD - Finance

Abstract:

The Upstairs Market for Large-Block Transactions: Analysis and Measurement of Price Effects

REVIEW OF FINANCIAL STUDIES, Vol. 9 No. 1
Posted: 29 Nov 1995
Donald B. Keim and Ananth Madhavan
University of Pennsylvania - Wharton School and BlackRock, Inc.

Abstract:

The Upstairs Market For Large-Block Transactions: Analysis And Measurement of Price Effects

Posted: 16 May 1994
Donald B. Keim and Ananth Madhavan
University of Pennsylvania - Wharton School and BlackRock, Inc.

Abstract:

Other Papers (1)

Total Downloads: 303    Citations: 0
1.

Identification Using Russell 1000/2000 Index Assignments: A Discussion of Methodologies

Number of pages: 8 Posted: 10 Aug 2015 Last Revised: 31 Mar 2016
Ian Appel, Todd A. Gormley and Donald B. Keim
Boston College - Carroll School of Management, Washington University in St. Louis and University of Pennsylvania - Wharton School
Downloads 0

Abstract:

instrumental estimation, regression discontinuity, Russell indexes