Clemens Sialm

University of Texas at Austin - McCombs School of Business

Professor of Finance

Austin, TX 78712

United States

http://faculty.mccombs.utexas.edu/Clemens.Sialm/

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

  • University of Texas at Austin - McCombs School of Business

SCHOLARLY PAPERS

38

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SSRN CITATIONS
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1,432

CROSSREF CITATIONS

990

Scholarly Papers (38)

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1.

The Tradeoff Between Mortgage Prepayments and Tax-Deferred Retirement Savings

Downloads 4,905 ( 3,143)
Citation 33

The Tradeoff Between Mortgage Prepayments and Tax-Deferred Retirement Savings

Number of pages: 43 Posted: 18 Mar 2006
Jennifer C. Huang, Gene Amromin and Clemens Sialm
University of Texas at Austin - Department of Finance, Federal Reserve Bank of Chicago and University of Texas at Austin - McCombs School of Business
Downloads 4,813 (3,196)

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Retirement Savings, Mortgage Financing, Tax Arbitrage, Savings Decisions

The Tradeoff between Mortgage Prepayments and Tax-Deferred Retirement Savings

NBER Working Paper No. w12502
Number of pages: 52 Posted: 14 Sep 2006 Last Revised: 31 Aug 2022
Jennifer C. Huang, Gene Amromin and Clemens Sialm
University of Texas at Austin - Department of Finance, Federal Reserve Bank of Chicago and University of Texas at Austin - McCombs School of Business
Downloads 92 (464,154)
Citation 9

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2.

Unobserved Actions of Mutual Funds

Downloads 4,352 ( 3,855)
Citation 277

Unobserved Actions of Mutual Funds

Review of Financial Studies, Forthcoming, Sixteenth Annual Utah Winter Finance Conference, EFA 2005 Moscow Meetings Paper, Sauder School of Business Working Paper
Number of pages: 58 Posted: 28 Feb 2005
Marcin T. Kacperczyk, Clemens Sialm and Lu Zheng
Imperial College London - Accounting, Finance, and Macroeconomics, University of Texas at Austin - McCombs School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 4,249 (3,942)
Citation 14

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Mutual Funds, Performance Evaluation, Trading Strategies

Unobserved Actions of Mutual Funds

NBER Working Paper No. w11766
Number of pages: 49 Posted: 08 Feb 2006 Last Revised: 27 Aug 2022
Marcin T. Kacperczyk, Clemens Sialm and Lu Zheng
Imperial College London - Accounting, Finance, and Macroeconomics, University of Texas at Austin - McCombs School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 103 (429,806)
Citation 48

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Unobserved Actions of Mutual Funds

The Review of Financial Studies, Vol. 21, Issue 6, pp. 2379-2416, 2008
Posted: 15 Dec 2008
Marcin T. Kacperczyk, Clemens Sialm and Lu Zheng
Imperial College London - Accounting, Finance, and Macroeconomics, University of Texas at Austin - McCombs School of Business and University of California, Irvine - Paul Merage School of Business

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G11, G23

3.

On the Industry Concentration of Actively Managed Equity Mutual Funds

Downloads 2,947 ( 7,344)
Citation 350

On the Industry Concentration of Actively Managed Equity Mutual Funds

AFA 2005 Philadelphia Meetings, Journal of Finance, Forthcoming, Sauder School of Business Working Paper
Number of pages: 50 Posted: 10 Feb 2003
Marcin T. Kacperczyk, Clemens Sialm and Lu Zheng
Imperial College London - Accounting, Finance, and Macroeconomics, University of Texas at Austin - McCombs School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 2,840 (7,663)
Citation 4

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On the Industry Concentration of Actively Managed Equity Mutual Funds

NBER Working Paper No. w10770
Number of pages: 49 Posted: 30 Sep 2004 Last Revised: 07 Dec 2022
Marcin T. Kacperczyk, Clemens Sialm and Lu Zheng
Imperial College London - Accounting, Finance, and Macroeconomics, University of Texas at Austin - McCombs School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 107 (418,153)
Citation 148

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4.

It Pays to Set the Menu: Mutual Fund Investment Options in 401(k) Plans

Downloads 2,225 (11,466)
Citation 40

It Pays to Set the Menu: Mutual Fund Investment Options in 401(k) Plans

Journal of Finance, Forthcoming
Number of pages: 79 Posted: 19 Jul 2012 Last Revised: 15 Aug 2015
Veronika Krepely Pool, Clemens Sialm and Irina Stefanescu
Vanderbilt University - Finance, University of Texas at Austin - McCombs School of Business and Board of Governors of the Federal Reserve System
Downloads 2,063 (12,693)
Citation 2

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401(k), pension plans, trustee, favoritism, mutual funds

It Pays to Set the Menu: Mutual Fund Investment Options in 401(k) Plans

Netspar Discussion Paper No. 01/2013-002 - revised version August 2015
Number of pages: 80 Posted: 31 Jan 2013 Last Revised: 24 Dec 2015
Veronika Krepely Pool, Clemens Sialm and Irina Stefanescu
Vanderbilt University - Finance, University of Texas at Austin - McCombs School of Business and Board of Governors of the Federal Reserve System
Downloads 76 (522,366)

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401(k), pension plans, trustee, favoritism, mutual funds

It Pays to Set the Menu: Mutual Fund Investment Options in 401(k) Plans

FEDS Working Paper No. 2014-96
Number of pages: 79 Posted: 09 Dec 2014 Last Revised: 15 Aug 2015
Veronika Krepely Pool, Clemens Sialm and Irina Stefanescu
Vanderbilt University - Finance, University of Texas at Austin - McCombs School of Business and Board of Governors of the Federal Reserve System
Downloads 48 (661,500)
Citation 1

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401(k) pension plans, mutual funds, favoritism

It Pays to Set the Menu: Mutual Fund Investment Options in 401(K) Plans

NBER Working Paper No. w18764
Number of pages: 53 Posted: 02 Feb 2013 Last Revised: 10 Apr 2022
Veronika Krepely Pool, Clemens Sialm and Irina Stefanescu
Vanderbilt University - Finance, University of Texas at Austin - McCombs School of Business and Board of Governors of the Federal Reserve System
Downloads 38 (727,683)
Citation 33

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5.

Risk Shifting and Mutual Fund Performance

Downloads 2,087 (12,707)
Citation 89

Risk Shifting and Mutual Fund Performance

McCombs Research Paper Series No. FIN-04-08
Number of pages: 56 Posted: 20 Mar 2008 Last Revised: 26 Nov 2010
Jennifer C. Huang, Clemens Sialm and Hanjiang Zhang
University of Texas at Austin - Department of Finance, University of Texas at Austin - McCombs School of Business and Washington State University - Carson College of Business
Downloads 1,969 (13,676)
Citation 48

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Risk Shifting, Mutual Fund Performance, Agency Issues, Style Drift

Risk Shifting and Mutual Fund Performance

NBER Working Paper No. w14903
Number of pages: 49 Posted: 20 Apr 2009 Last Revised: 22 Sep 2022
Jennifer C. Huang, Clemens Sialm and Hanjiang Zhang
University of Texas at Austin - Department of Finance, University of Texas at Austin - McCombs School of Business and Washington State University - Carson College of Business
Downloads 118 (389,163)
Citation 3

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6.

Portfolio Concentration and the Performance of Individual Investors

Downloads 1,866 (15,156)
Citation 12

Portfolio Concentration and the Performance of Individual Investors

AFA 2006 Boston Meetings, Journal of Financial and Quantitative Analysis, Forthcoming
Number of pages: 60 Posted: 07 Mar 2005
Zoran Ivkovich, Clemens Sialm and Scott J. Weisbenner
Michigan State University, Department of Finance, University of Texas at Austin - McCombs School of Business and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 1,778 (16,050)
Citation 4

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Portfolio choice, concentration, diversification

Portfolio Concentration and the Performance of Individual Investors

NBER Working Paper No. w10675
Number of pages: 52 Posted: 02 Sep 2004 Last Revised: 03 Sep 2022
Zoran Ivkovich, Clemens Sialm and Scott J. Weisbenner
Michigan State University, Department of Finance, University of Texas at Austin - McCombs School of Business and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 88 (477,570)
Citation 1

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7.

Hedge Funds as Investors of Last Resort?

Downloads 1,309 (25,968)

Hedge Funds as Investors of Last Resort?

Review of Financial Studies, Forthcoming, EFA 2005 Moscow Meetings
Number of pages: 55 Posted: 07 Aug 2005
David J. Brophy, Paige Ouimet and Clemens Sialm
University of Michigan, Stephen M. Ross School of Business, University of North Carolina (UNC) at Chapel Hill - Kenan-Flagler Business School and University of Texas at Austin - McCombs School of Business
Downloads 1,309 (25,532)
Citation 27

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Private Placements, Security Design, PIPE Securities, Hedge Funds

Hedge Funds as Investors of Last Resort?

The Review of Financial Studies, Vol. 22, No. 2, pp. 541-574, 2009
Posted: 25 Jan 2009
David J. Brophy, Paige Ouimet and Clemens Sialm
University of Michigan, Stephen M. Ross School of Business, University of North Carolina (UNC) at Chapel Hill - Kenan-Flagler Business School and University of Texas at Austin - McCombs School of Business

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G14, G23, G32

8.

Mutual Fund Revenue Sharing in 401(k) Plans

Downloads 1,173 (30,608)

Mutual Fund Revenue Sharing in 401(k) Plans

Vanderbilt Owen Graduate School of Management Research Paper
Number of pages: 69 Posted: 31 Dec 2020 Last Revised: 10 Nov 2022
Veronika Krepely Pool, Clemens Sialm and Irina Stefanescu
Vanderbilt University - Finance, University of Texas at Austin - McCombs School of Business and Board of Governors of the Federal Reserve System
Downloads 1,169 (30,296)

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401(k) plans, retirement, providers, revenue sharing, mutual funds

Mutual Fund Revenue Sharing in 401(K) Plans

NBER Working Paper No. w30721
Number of pages: 69 Posted: 05 Dec 2022 Last Revised: 11 Jun 2023
Veronika Krepely Pool, Clemens Sialm and Irina Stefanescu
Vanderbilt University - Finance, University of Texas at Austin - McCombs School of Business and Board of Governors of the Federal Reserve System
Downloads 4 (1,036,752)
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9.

Tax-Efficient Asset Management: Evidence from Equity Mutual Funds

Downloads 977 (39,545)
Citation 15

Tax-Efficient Asset Management: Evidence from Equity Mutual Funds

Journal of Finance, Forthcoming
Number of pages: 91 Posted: 18 Dec 2013 Last Revised: 03 Sep 2019
Clemens Sialm and Hanjiang Zhang
University of Texas at Austin - McCombs School of Business and Washington State University - Carson College of Business
Downloads 929 (41,834)
Citation 2

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Dividend and Capital Gains Taxes, Mutual Fund Performance

Tax-Efficient Asset Management: Evidence from Equity Mutual Funds

NBER Working Paper No. w21060
Number of pages: 51 Posted: 06 Apr 2015 Last Revised: 19 Jul 2023
Clemens Sialm and Hanjiang Zhang
University of Texas at Austin - McCombs School of Business and Washington State University - Carson College of Business
Downloads 48 (661,500)
Citation 13

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10.

Complex Mortgages

Downloads 805 (51,704)
Citation 28

Complex Mortgages

FRB of Chicago Working Paper No. WP-2010-17
Posted: 15 Jul 2021
Gene Amromin, Jennifer Huang, Clemens Sialm and Edward Zhong
Federal Reserve Bank of Chicago, affiliation not provided to SSRN, University of Texas at Austin - McCombs School of Business and affiliation not provided to SSRN

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Complex Mortgages

AFA 2012 Chicago Meetings Paper
Number of pages: 48 Posted: 25 Nov 2010 Last Revised: 16 Feb 2018
Gene Amromin, Jennifer C. Huang, Clemens Sialm and Edward Zhong
Federal Reserve Bank of Chicago, University of Texas at Austin - Department of Finance, University of Texas at Austin - McCombs School of Business and University of Wisconsin-Madison
Downloads 636 (69,564)
Citation 14

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Mortgage Contract Choice, Mortgage Default, Financial Crisis

Complex Mortgages

FRB of Chicago Working Paper No. 2010-17
Number of pages: 47 Posted: 03 Dec 2010 Last Revised: 20 Dec 2013
Gene Amromin, Jennifer C. Huang, Clemens Sialm and Edward Zhong
Federal Reserve Bank of Chicago, University of Texas at Austin - Department of Finance, University of Texas at Austin - McCombs School of Business and University of Wisconsin-Madison
Downloads 133 (355,378)
Citation 4

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Mortgage Choice, Housing Crisis, Financial Innovation

Complex Mortgages

NBER Working Paper No. w17315
Number of pages: 54 Posted: 29 Aug 2011 Last Revised: 24 Apr 2023
Gene Amromin, Jennifer C. Huang, Clemens Sialm and Edward Zhong
Federal Reserve Bank of Chicago, University of Texas at Austin - Department of Finance, University of Texas at Austin - McCombs School of Business and University of Wisconsin-Madison
Downloads 36 (742,238)

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11.

Tax Changes and Asset Pricing

Downloads 784 (53,579)
Citation 50

Tax Changes and Asset Pricing

AFA 2004 San Diego Meetings
Number of pages: 55 Posted: 29 Nov 2003 Last Revised: 07 Jul 2008
Clemens Sialm
University of Texas at Austin - McCombs School of Business
Downloads 715 (59,745)

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Tax Capitalization, Stock Returns, Stock Valuations

Tax Changes and Asset Pricing: Time-Series Evidence

NBER Working Paper No. w11756
Number of pages: 55 Posted: 22 Jan 2006 Last Revised: 17 Aug 2022
Clemens Sialm
University of Texas at Austin - McCombs School of Business
Downloads 69 (552,099)
Citation 13

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12.

Currency Management by International Fixed Income Mutual Funds

Downloads 667 (66,320)
Citation 5

Currency Management by International Fixed Income Mutual Funds

Nanyang Business School Research Paper No. 20-29
Number of pages: 72 Posted: 25 Nov 2020 Last Revised: 14 Sep 2022
Clemens Sialm and Qifei Zhu
University of Texas at Austin - McCombs School of Business and Nanyang Business School, Nanyang Technological University
Downloads 665 (65,683)
Citation 2

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currency risk, forward contracts, mutual funds, fixed-income securities, performance

Currency Management by International Fixed Income Mutual Funds

NBER Working Paper No. w29082
Number of pages: 62 Posted: 26 Jul 2021 Last Revised: 19 Jun 2022
Clemens Sialm and Qifei Zhu
University of Texas at Austin - McCombs School of Business and Nanyang Business School, Nanyang Technological University
Downloads 2 (1,053,615)
Citation 3
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13.

Mutual Fund Tax Clienteles

Downloads 667 (66,320)
Citation 23

Mutual Fund Tax Clienteles

The Journal of Finance, Forthcoming
Number of pages: 45 Posted: 18 Mar 2009 Last Revised: 07 Dec 2011
Clemens Sialm and Laura T. Starks
University of Texas at Austin - McCombs School of Business and University of Texas at Austin - Department of Finance
Downloads 420 (115,724)

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mutual fund, taxes, retirement

Mutual Fund Tax Clienteles

The Journal of Finance, Forthcoming, McCombs Research Paper Series No. FIN-01-10, AFA 2011 Denver Meetings Paper
Number of pages: 46 Posted: 12 Mar 2010 Last Revised: 10 Jan 2012
Clemens Sialm and Laura T. Starks
University of Texas at Austin - McCombs School of Business and University of Texas at Austin - Department of Finance
Downloads 205 (245,149)
Citation 9

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Mutual Funds, Tax Management, Retirement Accounts

Mutual Fund Tax Clienteles

NBER Working Paper No. w15327
Number of pages: 54 Posted: 08 Sep 2009 Last Revised: 20 May 2023
Clemens Sialm and Laura T. Starks
University of Texas at Austin - McCombs School of Business and University of Texas at Austin - Department of Finance
Downloads 42 (699,699)

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14.

The Tax Benefits of Separating Alpha from Beta

Financial Analysts Journal, 2020, 76 (1) 38-61; DOI: doi.org/10.1080/0015198X.2019.1675421
Number of pages: 55 Posted: 25 May 2018 Last Revised: 31 Jan 2020
Joseph Liberman, Clemens Sialm, Nathan Sosner and Lixin Wang
AQR Capital Management, LLC, University of Texas at Austin - McCombs School of Business, AQR Capital Management, LLC and AQR Capital Management, LLC
Downloads 651 (68,423)
Citation 2

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Alpha-Beta Separation, Portable Alpha, Active Management, Long-Short, Long-Only, Tax Efficiency, After-Tax Performance

15.

Taxes, Shorting, and Active Management

Financial Analysts Journal, Vol. 74, No. 1, 2018
Number of pages: 35 Posted: 28 Jan 2017 Last Revised: 12 Dec 2017
Clemens Sialm and Nathan Sosner
University of Texas at Austin - McCombs School of Business and AQR Capital Management, LLC
Downloads 645 (69,241)
Citation 2

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Tax-Efficient Asset Management, Short-Selling, Quantitative Strategies

16.

Home Bias and Local Contagion: Evidence from Funds of Hedge Funds

Downloads 598 (76,139)
Citation 28

Home Bias and Local Contagion: Evidence from Funds of Hedge Funds

AFA 2013 San Diego Meetings Paper
Number of pages: 60 Posted: 17 Mar 2012 Last Revised: 12 Aug 2019
Clemens Sialm, Zheng Sun and Lu Zheng
University of Texas at Austin - McCombs School of Business, University of California, Irvine - Paul Merage School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 565 (80,750)
Citation 10

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Hedge Funds, Funds of Funds, Home Bias, Informational Advantage, Contagion, Comovement

Home Bias and Local Contagion: Evidence from Funds of Hedge Funds

NBER Working Paper No. w19570
Number of pages: 60 Posted: 25 Oct 2013 Last Revised: 23 Jun 2023
Clemens Sialm, Zheng Sun and Lu Zheng
University of Texas at Austin - McCombs School of Business, University of California, Irvine - Paul Merage School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 33 (765,100)

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17.

Defined Contribution Pension Plans: Sticky or Discerning Money?

Downloads 561 (82,447)
Citation 44

Defined Contribution Pension Plans: Sticky or Discerning Money?

Journal of Finance, Forthcoming
Number of pages: 55 Posted: 24 Jun 2012 Last Revised: 02 Feb 2015
Clemens Sialm, Laura T. Starks and Hanjiang Zhang
University of Texas at Austin - McCombs School of Business, University of Texas at Austin - Department of Finance and Washington State University - Carson College of Business
Downloads 536 (86,250)
Citation 2

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Flow-Performance Sensititivity, Defined Contribution Pension Plans, Retirement Savings

Defined Contribution Pension Plans: Sticky or Discerning Money?

NBER Working Paper No. w19569
Number of pages: 55 Posted: 25 Oct 2013 Last Revised: 22 Jun 2023
Clemens Sialm, Laura T. Starks and Hanjiang Zhang
University of Texas at Austin - McCombs School of Business, University of Texas at Austin - Department of Finance and Washington State University - Carson College of Business
Downloads 25 (831,706)
Citation 8

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18.

Spillover Effects in Mutual Fund Companies

Downloads 477 (100,658)
Citation 5

Spillover Effects in Mutual Fund Companies

McCombs Research Paper Series No. FIN-03-11
Number of pages: 35 Posted: 18 Jan 2011 Last Revised: 27 Feb 2015
Clemens Sialm, T. Mandy Tham and T. Mandy Tham
University of Texas at Austin - McCombs School of Business and Nanyang Technological University (NTU)Singapore Management University - Lee Kong Chian School of Business
Downloads 434 (111,317)
Citation 2

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Mutual Fund Flows, Financial Conglomerates, Umbrella Branding, Performance Predictability

Spillover Effects in Mutual Fund Companies

NBER Working Paper No. w17292
Number of pages: 49 Posted: 12 Aug 2011 Last Revised: 02 Apr 2023
Clemens Sialm, T. Mandy Tham and T. Mandy Tham
University of Texas at Austin - McCombs School of Business and Nanyang Technological University (NTU)Singapore Management University - Lee Kong Chian School of Business
Downloads 43 (692,950)
Citation 5

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19.

Out of Sight No More? The Effect of Fee Disclosures on 401(k) Investment Allocations

Downloads 462 (104,792)
Citation 11

Out of Sight No More? The Effect of Fee Disclosures on 401(k) Investment Allocations

Journal of Financial Economics (JFE), 2021, Kelley School of Business Research Paper No. 19-6
Number of pages: 79 Posted: 26 Dec 2018 Last Revised: 15 Jul 2021
Mathias Kronlund, Veronika Krepely Pool, Clemens Sialm and Irina Stefanescu
Tulane University, Vanderbilt University - Finance, University of Texas at Austin - McCombs School of Business and Board of Governors of the Federal Reserve System
Downloads 399 (123,219)

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401(k) pension plans, Disclosure, Expense ratio, Financial regulation, Mutual funds, Pensions, Performance

Out of Sight No More? The Effect of Fee Disclosures on 401(K) Investment Allocations

FEDS Working Paper No. 2020-78
Number of pages: 66 Posted: 28 Sep 2020
Mathias Kronlund, Veronika Krepely Pool, Clemens Sialm and Irina Stefanescu
Tulane University, Vanderbilt University - Finance, University of Texas at Austin - McCombs School of Business and Board of Governors of the Federal Reserve System
Downloads 52 (637,779)

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Out of Sight No More? The Effect of Fee Disclosures on 401(K) Investment Allocations

NBER Working Paper No. w27573
Number of pages: 65 Posted: 28 Jul 2020 Last Revised: 18 Nov 2021
Mathias Kronlund, Veronika Krepely Pool, Clemens Sialm and Irina Stefanescu
Tulane University, Vanderbilt University - Finance, University of Texas at Austin - McCombs School of Business and Board of Governors of the Federal Reserve System
Downloads 11 (969,951)

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20.

Government Debt and Corporate Leverage: International Evidence

Downloads 447 (108,631)
Citation 19

Government Debt and Corporate Leverage: International Evidence

Number of pages: 69 Posted: 21 Nov 2016 Last Revised: 10 Sep 2018
Irem Demirci, Jennifer Huang and Clemens Sialm
Nova School of Business and Economics, Cheung Kong Graduate School of Business and University of Texas at Austin - McCombs School of Business
Downloads 381 (129,647)
Citation 3

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Government Debt, Capital Structure, Crowding Out

Government Debt and Corporate Leverage: International Evidence

NBER Working Paper No. w23310
Number of pages: 55 Posted: 10 Apr 2017 Last Revised: 12 Mar 2023
Irem Demirci, Jennifer Huang and Clemens Sialm
Nova School of Business and Economics, Cheung Kong Graduate School of Business and University of Texas at Austin - McCombs School of Business
Downloads 66 (565,810)
Citation 1

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21.

How Global is Your Mutual Fund? International Diversification from Multinationals

Downloads 428 (114,306)
Citation 1

How Global is Your Mutual Fund? International Diversification from Multinationals

Number of pages: 82 Posted: 19 Mar 2019 Last Revised: 25 Apr 2021
Irem Demirci, Miguel A. Ferreira, Pedro Matos and Clemens Sialm
Nova School of Business and Economics, Nova School of Business and Economics, University of Virginia - Darden School of Business and University of Texas at Austin - McCombs School of Business
Downloads 409 (119,336)
Citation 2

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Home bias, Mutual funds, Performance, International diversification, Multinationals

How Global is Your Mutual Fund? International Diversification from Multinationals

NBER Working Paper No. w27648
Number of pages: 73 Posted: 10 Aug 2020 Last Revised: 19 Jul 2023
Irem Demirci, Miguel A. Ferreira, Pedro Matos and Clemens Sialm
Nova School of Business and Economics, Nova School of Business and Economics, University of Virginia - Darden School of Business and University of Texas at Austin - McCombs School of Business
Downloads 19 (888,039)

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22.

Institutional Trading Around M&A Announcements

Number of pages: 61 Posted: 20 Dec 2018 Last Revised: 08 Aug 2023
Eliezer M. Fich, Viktoriya Lantushenko and Clemens Sialm
Drexel University - Department of Finance, Saint Joseph's University and University of Texas at Austin - McCombs School of Business
Downloads 421 (117,197)

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M&A, Mutual Funds, Hedge Funds, Performance

23.

Destabilizing Financial Advice: Evidence from Pension Fund Reallocations

Downloads 401 (123,257)
Citation 14

Destabilizing Financial Advice: Evidence from Pension Fund Reallocations

Forthcoming: Review of Financial Studies
Number of pages: 52 Posted: 02 Feb 2015 Last Revised: 10 Jan 2018
Zhi Da, Borja Larrain, Clemens Sialm and José Tessada
University of Notre Dame - Mendoza College of Business, Pontificia Universidad Catolica de Chile, University of Texas at Austin - McCombs School of Business and Business School, Pontificia Universidad Católica
Downloads 363 (136,905)
Citation 6

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Coordinated Noise Trading, Pension Funds, Price Pressure, Financial Advisors, Social Media

Coordinated Noise Trading: Evidence from Pension Fund Reallocations

NBER Working Paper No. w22161
Number of pages: 50 Posted: 11 Apr 2016 Last Revised: 22 Jul 2023
Zhi Da, Borja Larrain, Clemens Sialm and José Tessada
University of Notre Dame - Mendoza College of Business, Pontificia Universidad Catolica de Chile, University of Texas at Austin - McCombs School of Business and Business School, Pontificia Universidad Católica
Downloads 38 (727,683)

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24.

Defined Contribution Pension Plans: Mutual Fund Asset Allocation Changes

Number of pages: 8 Posted: 02 Feb 2015
Clemens Sialm, Laura T. Starks and Hanjiang Zhang
University of Texas at Austin - McCombs School of Business, University of Texas at Austin - Department of Finance and Washington State University - Carson College of Business
Downloads 363 (137,924)
Citation 1

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Portfolio Choice, Macroeconomic Conditions, Economic Uncertainty

25.

Asset Location for Retirement Savers

NBER Working Paper No. w7991
Number of pages: 50 Posted: 03 Nov 2000 Last Revised: 28 Apr 2023
James M. Poterba, James M. Poterba, Clemens Sialm and John B. Shoven
National Bureau of Economic Research (NBER)Massachusetts Institute of Technology (MIT) - Department of Economics, University of Texas at Austin - McCombs School of Business and Stanford University - Department of Economics
Downloads 289 (175,889)
Citation 1

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26.

The Effect of Principal Reduction on Household Distress: Evidence from Mortgage Cramdown

Downloads 276 (184,407)
Citation 2

The Effect of Principal Reduction on Household Distress: Evidence from Mortgage Cramdown

Number of pages: 73 Posted: 20 Oct 2020 Last Revised: 09 Jun 2023
Jacelly Cespedes, Carlos Parra and Clemens Sialm
University of Minnesota - Carlson School of Management, Pontificia Universidad Católica de Chile - School of Business and University of Texas at Austin - McCombs School of Business
Downloads 258 (196,356)
Citation 1

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Debt Relief, Principal Reduction, Debt Overhang, Foreclosures, Consumer Bankruptcy, Housing Policies

The Effect of Principal Reduction on Household Distress: Evidence from Mortgage Cramdown

NBER Working Paper No. w28900
Number of pages: 60 Posted: 07 Jun 2021 Last Revised: 19 Jun 2023
Jacelly Cespedes, Carlos Parra and Clemens Sialm
University of Minnesota - Carlson School of Management, Pontificia Universidad Católica de Chile - School of Business and University of Texas at Austin - McCombs School of Business
Downloads 18 (897,978)
Citation 1

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27.

Stochastic Taxation and Asset Pricing in Dynamic General Equilibrium

Downloads 275 (185,032)
Citation 13

Stochastic Taxation and Asset Pricing in Dynamic General Equilibrium

AFA 2003 Washington, DC Meetings, Journal of Economic Dynamics and Control, Forthcoming
Number of pages: 48 Posted: 23 Apr 2002
Clemens Sialm
University of Texas at Austin - McCombs School of Business
Downloads 229 (220,869)

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Tax Changes, Asset Pricing, Equity Premium, Term Premium

Stochastic Taxation and Asset Pricing in Dynamic General Equilibrium

NBER Working Paper No. w9301
Number of pages: 40 Posted: 07 Nov 2002 Last Revised: 02 Dec 2022
Clemens Sialm
University of Texas at Austin - McCombs School of Business
Downloads 46 (673,775)
Citation 10

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28.

Pension Fund Flows, Exchange Rates, and Covered Interest Rate Parity

Number of pages: 56 Posted: 15 Oct 2022 Last Revised: 23 Apr 2023
Felipe Aldunate, Zhi Da, Borja Larrain and Clemens Sialm
Universidad de los Andes, Chile - ESE Business School, University of Notre Dame - Mendoza College of Business, Pontificia Universidad Catolica de Chile and University of Texas at Austin - McCombs School of Business
Downloads 178 (278,802)

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Exchange Rates; CIP Deviations; Pension Funds; Market Efficiency

29.

Pipe Dreams? The Performance of Companies Issuing Equity Privately

NBER Working Paper No. w11011
Number of pages: 54 Posted: 28 Dec 2004 Last Revised: 04 Aug 2022
David J. Brophy, Clemens Sialm and Paige Ouimet
University of Michigan, Stephen M. Ross School of Business, University of Texas at Austin - McCombs School of Business and University of North Carolina (UNC) at Chapel Hill - Kenan-Flagler Business School
Downloads 160 (305,296)

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30.

Asset Location in Tax-Deferred and Conventional Savings Accounts

NBER Working Paper No. w7192
Number of pages: 34 Posted: 27 Apr 2000 Last Revised: 28 Aug 2022
John B. Shoven and Clemens Sialm
Stanford University - Department of Economics and University of Texas at Austin - McCombs School of Business
Downloads 115 (394,637)
Citation 8

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31.

Tax Externalities of Equity Mutual Funds

NBER Working Paper No. w7669
Number of pages: 47 Posted: 18 May 2000 Last Revised: 17 Dec 2022
John B. Shoven, Clemens Sialm and Joel M. Dickson
Stanford University - Department of Economics, University of Texas at Austin - McCombs School of Business and Stanford University
Downloads 106 (418,375)
Citation 1

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32.

Investment Taxes and Equity Returns

Downloads 47 (653,216)

Investment Taxes and Equity Returns

NBER Working Paper No. w12146
Number of pages: 54 Posted: 18 May 2006 Last Revised: 10 Sep 2022
Clemens Sialm
University of Texas at Austin - McCombs School of Business
Downloads 47 (667,568)

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Investment Taxes and Equity Returns

EFA 2006 Zurich Meetings, 8th Annual Texas Finance Festival
Posted: 16 Mar 2006 Last Revised: 13 Jul 2008
Clemens Sialm
University of Texas at Austin - McCombs School of Business

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Tax Capitalization, Limits to Arbitrage, Dividend Payments

33.

Institutional Trading Around M&A Announcements

NBER Working Paper No. w25814
Number of pages: 54 Posted: 07 May 2019 Last Revised: 15 Jul 2023
Eliezer M. Fich, Viktoriya Lantushenko and Clemens Sialm
Drexel University - Department of Finance, Saint Joseph's University and University of Texas at Austin - McCombs School of Business
Downloads 34 (766,787)

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34.

Replicating the Dow Jones Industrial Average

NBER Working Paper No. w28528
Number of pages: 34 Posted: 08 Mar 2021 Last Revised: 14 Jun 2023
Jacky Lin, Genevieve Selden, Genevieve Selden, John B. Shoven and Clemens Sialm
Stanford Institute for Economic Policy Research, Cornerstone ResearchStanford University, Stanford University - Department of Economics and University of Texas at Austin - McCombs School of Business
Downloads 10 (945,790)

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35.

Non-Fundamental Flows and Foreign Exchange Rates

NBER Working Paper No. w30753
Number of pages: 54 Posted: 19 Dec 2022 Last Revised: 13 Jul 2023
Felipe Aldunate, Zhi Da, Borja Larrain and Clemens Sialm
Universidad de los Andes, University of Notre Dame - Mendoza College of Business, Pontificia Universidad Catolica de Chile and University of Texas at Austin - McCombs School of Business
Downloads 6 (981,478)
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36.

The Tradeoff between Mortgage Prepayments and Tax-Deferred Retirement Savings

FRB of Chicago Working Paper No. WP-06-05
Posted: 15 Jul 2021
Gene Amromin, Jennifer Huang and Clemens Sialm
Federal Reserve Bank of Chicago, affiliation not provided to SSRN and University of Texas at Austin - McCombs School of Business

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37.

It Pays to Set the Menu: Mutual Fund Investment Options in 401(K) Plans

FEDS Working Paper No. 2014-96
Posted: 15 Jul 2021 Last Revised: 22 Jul 2021
Veronika Krepely Pool, Clemens Sialm and Irina Stefanescu
Vanderbilt University - Finance, University of Texas at Austin - McCombs School of Business and Board of Governors of the Federal Reserve System

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38.

Industry Concentration and Mutual Fund Performance

Journal of Investment Management, Vol. 5, No. 1, First Quarter 2007
Posted: 28 Mar 2007
Marcin T. Kacperczyk, Clemens Sialm and Lu Zheng
Imperial College London - Accounting, Finance, and Macroeconomics, University of Texas at Austin - McCombs School of Business and University of California, Irvine - Paul Merage School of Business

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Industry concentration, mutual fund performance, active portfolio management

Other Papers (5)

Total Downloads: 111
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1.

Portfolio Concentration and the Performance of Individual Investors

AFA 2006 Boston Meetings Paper
Number of pages: 45 Posted: 23 Mar 2005
Zoran Ivkovich, Clemens Sialm and Scott J. Weisbenner
Michigan State University, Department of Finance, University of Texas at Austin - McCombs School of Business and University of Illinois at Urbana-Champaign - Department of Finance
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Portfolio Diversification; Information Asymmetry; Return to Concentration

2.

Spillover Effects in Mutual Fund Companies

AFA 2012 Chicago Meetings Paper
Number of pages: 42 Posted: 19 Mar 2011
Clemens Sialm, T. Mandy Tham and T. Mandy Tham
University of Texas at Austin - McCombs School of Business and Nanyang Technological University (NTU)Singapore Management University - Lee Kong Chian School of Business
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Financial Conglomerates, Financial Distress, Mutual Fund Flows

3.

Spillover Effects in Mutual Fund Companies

Number of pages: 75 Posted: 15 Aug 2011
Clemens Sialm, T. Mandy Tham and T. Mandy Tham
University of Texas at Austin - McCombs School of Business and Nanyang Technological University (NTU)Singapore Management University - Lee Kong Chian School of Business
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Mutual Fund Flows, Conglomerates, Financial Distress

4.

Mutual Fund Tax Clienteles

Number of pages: 37 Posted: 17 Aug 2008
Clemens Sialm and Laura T. Starks
University of Texas at Austin - McCombs School of Business and University of Texas at Austin - Department of Finance
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5.

Mutual Fund Tax Clienteles

Number of pages: 48 Posted: 15 Jan 2009
Clemens Sialm and Laura T. Starks
University of Texas at Austin - McCombs School of Business and University of Texas at Austin - Department of Finance
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Mutual Funds, Tax Management, Retirement Accounts