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 3,860 (2,460)

Citation 5

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 71 (342,756)

Citation 24

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 2,658 ( 4,718)

Citation 217

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 2,603 (4,793)

Citation 2

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 55 (391,822)

Citation 11

Abstract:

4.

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

Downloads 1,989 ( 7,672)

Citation 19

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 1,866 (8,376)

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 63 (365,789)

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 38 (458,498)

Citation 1

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 22 (546,625)

Citation 4

Abstract:

5.

Risk Shifting and Mutual Fund Performance

Downloads 1,951 ( 7,933)

Citation 27

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 1,879 (8,266)

Citation 30

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 72 (339,962)

Abstract:

6.

Portfolio Concentration and the Performance of Individual Investors

Downloads 1,761 ( 9,374)

Citation 12

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 1,703 (9,742)

Citation 4

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 58 (381,587)

Citation 1

Abstract:

7.

Hedge Funds as Investors of Last Resort?

Downloads 1,265 ( 15,886)

Citation 5

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 (UNC) at Chapel Hill - Kenan-Flagler Business School and University of Texas at Austin - McCombs School of Business

Downloads 1,265 (15,577)

Citation 5

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 (UNC) at Chapel Hill - Kenan-Flagler Business School and University of Texas at Austin - McCombs School of Business

Abstract:

8.

Tax Changes and Asset Pricing

Downloads 735 ( 34,874)

Citation 42

2

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 686 (37,677)

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 49 (413,137)

Citation 5

Abstract:

9.

Complex Mortgages

Downloads 730 ( 35,202)

Citation 9

3

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 596 (45,584)

Citation 11

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 117 (247,637)

Citation 3

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 17 (580,251)

Abstract:

10.

Tax-Efficient Asset Management: Evidence from Equity Mutual Funds

Downloads 688 ( 38,130)

Citation 2

2

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 670 (38,927)

Citation 2

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 18 (573,505)

Abstract:

11.

Mutual Fund Tax Clienteles

Downloads 570 ( 48,986)

Citation 11

3

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 371 (81,959)

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 177 (176,209)

Citation 11

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 22 (546,625)

Abstract:

12.

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 475 (61,577)

Abstract:

13.

Defined Contribution Pension Plans: Sticky or Discerning Money?

Downloads 456 ( 64,750)

Citation 8

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 447 (65,635)

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 9 (637,121)

Citation 2

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 451 (65,598)

Citation 1

Abstract:

15.

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

Downloads 433 ( 68,874)

Citation 6

2

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 418 (71,263)

Citation 6

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 15 (593,855)

Abstract:

16.

Spillover Effects in Mutual Fund Companies

Downloads 401 ( 75,575)

Citation 4

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 383 (78,918)

Citation 4

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 18 (573,505)

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 300 (104,858)

Abstract:

18.

Government Debt and Corporate Leverage: International Evidence

Downloads 285 (110,804)

Citation 2

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 270 (116,747)

Citation 2

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 15 (593,855)

Abstract:

19.

Destabilizing Financial Advice: Evidence from Pension Fund Reallocations

Downloads 284 (111,209)

Citation 1

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 276 (114,114)

Citation 1

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 8 (644,463)

Abstract:

20.

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

National Bureau of Economic Research (NBER), University of Texas at Austin - McCombs School of Business and Stanford University - Department of Economics

Downloads 248 (128,175)

Citation 1

Abstract:

21.

Stochastic Taxation and Asset Pricing in Dynamic General Equilibrium

Downloads 232 (136,970)

Citation 20

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 207 (152,485)

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 25 (527,129)

Citation 21

Abstract:

22.

Institutional Trading Around M&A Announcements

Number of pages: 55 Posted: 20 Dec 2018 Last Revised: 16 Jan 2020

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 170 (182,527)

Abstract:

23.

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

Kelley School of Business Research Paper No. 19-6

Number of pages: 57 Posted: 26 Dec 2018 Last Revised: 27 Jun 2019

Mathias Kronlund, Veronika Krepely Pool, Clemens Sialm and Irina Stefanescu

University of Illinois at Urbana-Champaign, 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 136 (219,795)

Abstract:

24.

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 (UNC) at Chapel Hill - Kenan-Flagler Business School

Downloads 136 (219,795)

Abstract:

25.

How Global is Your Mutual Fund? International Diversification from Multinationals

Number of pages: 60 Posted: 19 Mar 2019 Last Revised: 03 Jun 2019

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 118 (244,971)

Citation 1

Abstract:

26.

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 81 (314,209)

Citation 5

Abstract:

27.

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 78 (321,267)

Abstract:

28.

Investment Taxes and Equity Returns

Downloads 28 (495,102)

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 28 (509,018)

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:

29.

Institutional Trading Around M&A Announcements

NBER Working Paper No. w25814

Number of pages: 54 Posted: 07 May 2019

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 6 (631,382)

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Abstract:

30.

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 (30)

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Institutional Trading Around M&A Announcements

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