Donald B. Keim

University of Pennsylvania - Wharton School

Professor of Finance

The Wharton School

3620 Locust Walk

Philadelphia, PA 19104

United States

SCHOLARLY PAPERS

24

DOWNLOADS
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Top 3,320

in Total Papers Downloads

10,554

CITATIONS
Rank 12,850

SSRN RANKINGS

Top 12,850

in Total Papers Citations

30

Scholarly Papers (24)

1.

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 3,779 (2,226)
Citation 2

Abstract:

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corporate governance, institutional ownership, passive funds, performance

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

Number of pages: 70 Posted: 01 Mar 2016 Last Revised: 15 Jul 2018
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 1,964 (6,646)

Abstract:

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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 20 (508,179)

Abstract:

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3.

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 971 (20,936)
Citation 1

Abstract:

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

4.

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 733 (31,205)

Abstract:

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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 636 (37,222)

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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 22 (495,936)

Abstract:

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6.

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

Number of pages: 26 Posted: 10 Aug 2015 Last Revised: 21 Oct 2018
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 647 (36,913)

Abstract:

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instrumental estimation, regression discontinuity, Russell indexes

7.

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 456 (57,887)
Citation 17

Abstract:

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mutual funds, trading, trading costs

8.

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 331 (84,554)

Abstract:

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9.

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 affiliation not provided to SSRN
Downloads 324 (86,574)
Citation 9

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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 207 (137,712)

Abstract:

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

11.

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 175 (160,706)
Citation 1

Abstract:

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

12.

Passive-Aggressive Trading: The Supply and Demand of Liquidity by Mutual Funds

Rotman School of Management Working Paper No. 3137465
Number of pages: 40 Posted: 10 Mar 2018
University of Toronto - Rotman School of Management, University of Pennsylvania - Wharton School, University of Pennsylvania - Finance Department and Vienna University of Economics and Business - Department of Finance, Accounting & Statistics
Downloads 139 (195,102)

Abstract:

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13.

First to "Read" the News: New Analytics and Algorithmic Trading

FRB International Finance Discussion Paper No. 1233
Number of pages: 67 Posted: 06 Aug 2018 Last Revised: 19 Aug 2018
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 112 (230,240)

Abstract:

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Stock Price Reaction, News Analytics, High Frequency Trading, Press Releases

14.

Simplifying Choices in Defined Contribution Retirement Plan Design: A Case Study

CFS Working Paper, No. 573
Number of pages: 40 Posted: 20 Sep 2017 Last Revised: 18 Jan 2018
Donald B. Keim and Olivia S. Mitchell
University of Pennsylvania - Wharton School and University of Pennsylvania - The Wharton School
Downloads 37 (410,840)

Abstract:

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

15.

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 (606,183)
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Abstract:

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Information, Institutional Trading, Stock Price Reaction, Textual Analysis

16.

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

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17.

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

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18.

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.

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19.

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.

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20.

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.

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21.

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

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22.

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.

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23.

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

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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.

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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.

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