Author Page for Clemens Sialm

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 3,834 (2,099)

Citation 112

Abstract:

Unobserved Actions of Mutual Funds

NBER Working Paper No. w11766

Number of pages: 49 Posted: 08 Feb 2006 Last Revised: 27 Aug 2010

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 58 (343,732)

Citation 112

Abstract:

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

Abstract:

3.

On the Industry Concentration of Actively Managed Equity Mutual Funds

Downloads 2,626 ( 4,136)

Citation 158

2

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 2,577 (4,182)

Citation 158

Abstract:

On the Industry Concentration of Actively Managed Equity Mutual Funds

NBER Working Paper No. w10770

Number of pages: 49 Posted: 30 Sep 2004

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 49 (372,496)

Citation 158

Abstract:

4.

Risk Shifting and Mutual Fund Performance

Downloads 1,904 ( 7,122)

Citation 38

2

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 1,835 (7,442)

Citation 38

Abstract:

Risk Shifting and Mutual Fund Performance

NBER Working Paper No. w14903

Number of pages: 49 Posted: 20 Apr 2009 Last Revised: 22 Sep 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 69 (313,706)

Citation 38

Abstract:

5.

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

Downloads 1,853 ( 7,458)

Citation 3

4

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

Indiana University - Kelley School of Business - Department of Finance, University of Texas at Austin - McCombs School of Business and Federal Reserve Board, Washington D.C.

Downloads 1,747 (8,099)

Citation 3

Abstract:

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

Indiana University - Kelley School of Business - Department of Finance, University of Texas at Austin - McCombs School of Business and Federal Reserve Board, Washington D.C.

Downloads 59 (340,850)

Citation 3

Abstract:

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

Indiana University - Kelley School of Business - Department of Finance, University of Texas at Austin - McCombs School of Business and Federal Reserve Board, Washington D.C.

Downloads 28 (458,795)

Citation 3

Abstract:

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

Veronika Krepely Pool, Clemens Sialm and Irina Stefanescu

Indiana University - Kelley School of Business - Department of Finance, University of Texas at Austin - McCombs School of Business and Federal Reserve Board, Washington D.C.

Downloads 19 (511,561)

Citation 3

Abstract:

6.

Portfolio Concentration and the Performance of Individual Investors

Downloads 1,719 ( 8,463)

Citation 15

2

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 1,666 (8,756)

Citation 15

Abstract:

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 2010

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 53 (359,447)

Citation 15

Abstract:

7.

Hedge Funds as Investors of Last Resort?

Downloads 1,252 ( 14,092)

Citation 41

2

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 at Chapel Hill and University of Texas at Austin - McCombs School of Business

Downloads 1,252 (13,812)

Citation 41

Abstract:

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 at Chapel Hill and University of Texas at Austin - McCombs School of Business

Abstract:

8.

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 674 (34,206)

Citation 26

Abstract:

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 2010

Clemens Sialm

University of Texas at Austin - McCombs School of Business

Downloads 44 (389,957)

Citation 26

Abstract:

9.

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 537 (46,111)

Citation 5

Abstract:

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 112 (229,839)

Citation 6

Abstract:

Complex Mortgages

NBER Working Paper No. w17315

Number of pages: 54 Posted: 29 Aug 2011

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 15 (535,934)

Citation 6

Abstract:

10.

Tax-Efficient Asset Management: Evidence from Equity Mutual Funds

Downloads 557 ( 44,725)

2

Tax-Efficient Asset Management: Evidence from Equity Mutual Funds

Number of pages: 53 Posted: 18 Dec 2013 Last Revised: 09 Jun 2018

Clemens Sialm and Hanjiang Zhang

University of Texas at Austin - McCombs School of Business and Washington State University - Carson College of Business

Downloads 549 (44,981)

Abstract:

Tax-Efficient Asset Management: Evidence from Equity Mutual Funds

NBER Working Paper No. w21060

Number of pages: 51 Posted: 06 Apr 2015

Clemens Sialm and Hanjiang Zhang

University of Texas at Austin - McCombs School of Business and Washington State University - Carson College of Business

Downloads 8 (578,949)

Abstract:

11.

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 352 (77,541)

Citation 10

Abstract:

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 171 (162,920)

Citation 10

Abstract:

Mutual Fund Tax Clienteles

NBER Working Paper No. w15327

Number of pages: 54 Posted: 08 Sep 2009 Last Revised: 25 Sep 2010

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 19 (511,561)

Citation 10

Abstract:

12.

Defined Contribution Pension Plans: Sticky or Discerning Money?

Downloads 430 ( 61,694)

Citation 10

2

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 424 (62,142)

Citation 10

Abstract:

Defined Contribution Pension Plans: Sticky or Discerning Money?

NBER Working Paper No. w19569

Number of pages: 55 Posted: 25 Oct 2013

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 6 (590,806)

Citation 10

Abstract:

13.

Spillover Effects in Mutual Fund Companies

Downloads 388 ( 69,773)

Citation 3

2

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 and T. Mandy Tham

University of Texas at Austin - McCombs School of Business and affiliation not provided to SSRN

Downloads 372 (72,645)

Citation 3

Abstract:

Spillover Effects in Mutual Fund Companies

NBER Working Paper No. w17292

Number of pages: 49 Posted: 12 Aug 2011

Clemens Sialm and T. Mandy Tham

University of Texas at Austin - McCombs School of Business and affiliation not provided to SSRN

Downloads 16 (529,686)

Citation 3

Abstract:

14.

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 378 (71,947)

Abstract:

15.

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

Downloads 329 ( 84,486)

Citation 2

2

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

AFA 2013 San Diego Meetings Paper

Number of pages: 58 Posted: 17 Mar 2012 Last Revised: 14 Jul 2018

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 316 (87,796)

Abstract:

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

NBER Working Paper No. w19570

Number of pages: 60 Posted: 25 Oct 2013

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 13 (548,416)

Citation 2

Abstract:

16.

The Tax Benefits of Separating Alpha from Beta

Number of pages: 50 Posted: 25 May 2018 Last Revised: 25 Aug 2018

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 316 (88,355)

Abstract:

17.

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 276 (102,753)

Abstract:

18.

Destabilizing Financial Advice: Evidence from Pension Fund Reallocations

Downloads 240 (118,371)

2

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 234 (120,987)

Abstract:

Coordinated Noise Trading: Evidence from Pension Fund Reallocations

NBER Working Paper No. w22161

Number of pages: 50 Posted: 11 Apr 2016

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 6 (590,806)

Abstract:

19.

Asset Location for Retirement Savers

NBER Working Paper No. w7991

Number of pages: 50 Posted: 03 Nov 2000 Last Revised: 01 Mar 2010

James M. Poterba, Clemens Sialm and John B. Shoven

Massachusetts Institute of Technology (MIT) - Department of Economics, University of Texas at Austin - McCombs School of Business and Stanford University - Department of Economics

Downloads 237 (119,885)

Citation 8

Abstract:

20.

Stochastic Taxation and Asset Pricing in Dynamic General Equilibrium

Downloads 225 (126,214)

Citation 9

2

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 203 (139,011)

Citation 9

Abstract:

Stochastic Taxation and Asset Pricing in Dynamic General Equilibrium

NBER Working Paper No. w9301

Number of pages: 40 Posted: 07 Nov 2002

Clemens Sialm

University of Texas at Austin - McCombs School of Business

Downloads 22 (493,133)

Citation 9

Abstract:

21.

Government Debt and Corporate Leverage: International Evidence

Downloads 192 (146,764)

2

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 182 (154,050)

Abstract:

Government Debt and Corporate Leverage: International Evidence

NBER Working Paper No. w23310

Number of pages: 55 Posted: 10 Apr 2017

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 10 (566,898)

Add to Cart

Abstract:

22.

Pipe Dreams? The Performance of Companies Issuing Equity Privately

NBER Working Paper No. w11011

Number of pages: 54 Posted: 28 Dec 2004 Last Revised: 20 Sep 2012

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 at Chapel Hill

Downloads 135 (198,394)

Citation 4

Abstract:

23.

Asset Location in Tax-Deferred and Conventional Savings Accounts

NBER Working Paper No. w7192

Number of pages: 34 Posted: 27 Apr 2000 Last Revised: 13 Oct 2010

John B. Shoven and Clemens Sialm

Stanford University - Department of Economics and University of Texas at Austin - McCombs School of Business

Downloads 77 (291,474)

Citation 20

Abstract:

24.

Tax Externalities of Equity Mutual Funds

NBER Working Paper No. w7669

Number of pages: 47 Posted: 18 May 2000 Last Revised: 12 Mar 2010

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 69 (310,099)

Citation 18

Abstract:

25.

Investment Taxes and Equity Returns

Downloads 25 (461,771)

Citation 2

2

Investment Taxes and Equity Returns

NBER Working Paper No. w12146

Number of pages: 54 Posted: 18 May 2006 Last Revised: 10 Sep 2010

Clemens Sialm

University of Texas at Austin - McCombs School of Business

Downloads 25 (475,432)

Citation 2

Abstract:

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

Abstract:

26.

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

Clemens Sialm

University of Texas at Austin - McCombs School of Business

Professor of Finance

National Bureau of Economic Research (NBER)

AQR Capital Management, LLC

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Scholarly Papers (26)

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Government Debt and Corporate Leverage: International Evidence

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