Ohad Kadan

Washington University in St. Louis - John M. Olin Business School

Professor of Finance

One Brookings Drive

Campus Box 1133

St. Louis, MO 63130-4899

United States

  • Washington University in St. Louis - John M. Olin Business School

SCHOLARLY PAPERS

27

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14,204

SSRN CITATIONS
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Top 1,775

in Total Papers Citations

343

CROSSREF CITATIONS

430

Scholarly Papers (27)

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1.

Conflicts of Interest and Stock Recommendations: The Effects of the Global Settlement and Related Regulations

Downloads 1,735 (15,668)

Conflicts of Interest and Stock Recommendations: The Effects of the Global Settlement and Related Regulations

AFA 2006 Boston Meetings Paper, Review of Financial Studies, vol. 22, no. 2, 4189-4217, 2009, AAA 2006 Financial Accounting and Reporting Section (FARS) Meeting Paper, EFA 2005 Moscow Meetings
Number of pages: 37 Posted: 03 Aug 2005 Last Revised: 14 Nov 2013
Leonardo Madureira, Ohad Kadan, Rong Wang and Tzachi Zach
Case Western Reserve University - Weatherhead School of Management, Washington University in St. Louis - John M. Olin Business School, Singapore Management University and Ohio State University (OSU) - Department of Accounting & Management Information Systems
Downloads 1,735 (15,400)
Citation 39

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Recommendation, Global Settlement, NASD 2711, NYSE 472, Underwriting Business, Broker

Conflicts of Interest and Stock Recommendations: The Effects of the Global Settlement and Related Regulations

The Review of Financial Studies, Vol. 22, Issue 10, pp. 4189-4217, 2009
Posted: 28 Sep 2009
Ohad Kadan, Leonardo Madureira, Rong Wang and Tzachi Zach
Washington University in St. Louis - John M. Olin Business School, Case Western Reserve University - Weatherhead School of Management, Singapore Management University and Ohio State University (OSU) - Department of Accounting & Management Information Systems

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G14, G24, G28

2.

The Diminishing Liquidity Premium

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 60 Posted: 19 Mar 2008 Last Revised: 02 Aug 2013
Azi Ben-Rephael, Ohad Kadan and Avi Wohl
Rutgers Business School - Rutgers University, Washington University in St. Louis - John M. Olin Business School and Tel Aviv University - Coller School of Management
Downloads 1,407 (21,499)
Citation 28

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liquidity, illiquidity, liquidity premium, stock returns

3.

Executive Stock Options and Earnings Management - a Theoretical and Empirical Analysis

AFA 2006 Boston Meetings Paper
Number of pages: 47 Posted: 09 Nov 2004
Ohad Kadan and Jun Yang
Washington University in St. Louis - John M. Olin Business School and Indiana University - Kelley School of Business - Department of Finance
Downloads 1,372 (22,323)
Citation 22

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4.

Liquidity Cycles and Make/Take Fees in Electronic Markets

Downloads 1,167 (28,375)
Citation 58

Liquidity Cycles and Make/Take Fees in Electronic Markets

Journal of Finance, Fforthcoming, EFA 2009 Bergen Meetings Paper
Number of pages: 71 Posted: 16 Feb 2009 Last Revised: 15 Mar 2013
Thierry Foucault, Ohad Kadan and Eugene Kandel
HEC Paris - Finance Department, Washington University in St. Louis - John M. Olin Business School and Hebrew University of Jerusalem - Department of Economics
Downloads 1,164 (28,031)
Citation 9

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Make/Take Fees, Duration Clustering, Liquidity Externalities, Algorithmic trading, Two-Sided Markets

Liquidity Cycles and Make/Take Fees in Electronic Markets

CEPR Discussion Paper No. DP7551
Number of pages: 50 Posted: 11 Jan 2010
Thierry Foucault, Ohad Kadan and Eugene Kandel
HEC Paris - Finance Department, Washington University in St. Louis - John M. Olin Business School and Hebrew University of Jerusalem - Department of Economics
Downloads 3 (962,929)
Citation 10
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algorithmic trading, duration clustering, Liquidity, make/take fees, monitoring, two-sided markets

5.

Limit Order Book as a Market for Liquidity

Downloads 1,104 (30,771)
Citation 149

Limit Order Book as a Market for Liquidity

Number of pages: 60 Posted: 30 May 2001
Thierry Foucault, Ohad Kadan and Eugene Kandel
HEC Paris - Finance Department, Washington University in St. Louis - John M. Olin Business School and Hebrew University of Jerusalem - Department of Economics
Downloads 1,081 (31,225)
Citation 19

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Limit Orders, Market Orders, Liquidity, Order-Driven Markets, Tick Size, Impatience, Traders Arrival Rate, Price Improvement

Limit Order Book as a Market for Liquidity

Number of pages: 67 Posted: 11 Sep 2001
Thierry Foucault, Ohad Kadan and Eugene Kandel
HEC Paris - Finance Department, Washington University in St. Louis - John M. Olin Business School and Hebrew University of Jerusalem - Department of Economics
Downloads 23 (776,290)
Citation 43
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Limit order markets, market orders, liquidity

Limit Order Book as a Market for Liquidity

The Review of Financial Studies, Vol. 18, Issue 4, pp. 1171-1217, 2005
Posted: 29 Feb 2008
Thierry Foucault, Ohad Kadan and Eugene Kandel
HEC Paris - Finance Department, Washington University in St. Louis - John M. Olin Business School and Hebrew University of Jerusalem - Department of Economics

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brain metastases, HRQoL, stereotactic radiosurgery

6.

Asset Liquidity, and Stock Liquidity

Downloads 1,027 (34,064)
Citation 24

Asset Liquidity, and Stock Liquidity

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 51 Posted: 22 Mar 2009 Last Revised: 22 Dec 2010
Radhakrishnan Gopalan, Ohad Kadan and Mikhail Pevzner
Washington University in St. Louis - John M. Olin Business School, Washington University in St. Louis - John M. Olin Business School and University of Baltimore - Merrick School of Business
Downloads 457 (97,091)
Citation 3

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Stock Liquidity, Asset Liquidity, Managerial Decisions

Managerial Decisions, Asset Liquidity, and Stock Liquidity

Number of pages: 47 Posted: 14 Jul 2008 Last Revised: 18 Mar 2009
Radhakrishnan Gopalan, Ohad Kadan and Mikhail Pevzner
Washington University in St. Louis - John M. Olin Business School, Washington University in St. Louis - John M. Olin Business School and University of Baltimore - Merrick School of Business
Downloads 310 (150,513)
Citation 2

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Managerial Decisions, Asset Liquidity, and Stock Liquidity

EFA 2009 Bergen Meetings Paper
Number of pages: 43 Posted: 16 Feb 2009
Radhakrishnan Gopalan, Ohad Kadan and Mikhail Pevzner
Washington University in St. Louis - John M. Olin Business School, Washington University in St. Louis - John M. Olin Business School and University of Baltimore - Merrick School of Business
Downloads 260 (180,710)

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Stock Liquidity, Asset Liquidity, Investment, Financing, Payout

7.

Analysts’ Industry Expertise

AFA 2010 Atlanta Meetings Paper, AAA 2010 Financial Accounting and Reporting Section (FARS) Paper
Number of pages: 55 Posted: 17 Mar 2009 Last Revised: 14 Nov 2013
Ohad Kadan, Leonardo Madureira, Rong Wang and Tzachi Zach
Washington University in St. Louis - John M. Olin Business School, Case Western Reserve University - Weatherhead School of Management, Singapore Management University and Ohio State University (OSU) - Department of Accounting & Management Information Systems
Downloads 865 (43,295)
Citation 34

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Industry recommendation, Analysts, Market Efficiency

8.

Dividend Stickiness and Strategic Pooling

Review of Financial Studies, Vol. 23, 2010
Number of pages: 59 Posted: 13 Sep 2007 Last Revised: 26 Oct 2011
Ilan Guttman, Ohad Kadan and Eugene Kandel
Leonard N. Stern School of Business, New York University, Washington University in St. Louis - John M. Olin Business School and Hebrew University of Jerusalem - Department of Economics
Downloads 629 (66,168)
Citation 6

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9.

Trading in the Presence of Short-Lived Private Information: Evidence from Analyst Recommendation Changes

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 67 Posted: 23 Apr 2014 Last Revised: 25 May 2017
Ohad Kadan, Roni Michaely and Pamela C. Moulton
Washington University in St. Louis - John M. Olin Business School, The University of Hong Kong and Cornell University - SC Johnson College of Business
Downloads 530 (81,954)
Citation 8

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private information, analyst recommendations, institutional trading, individual trading

10.

Sell-Side Analysts’ Benchmarks

The Accounting Review, vol. 95, no. 1, pp. 211-232, 2020, AFA 2013 San Diego Meetings Paper
Number of pages: 45 Posted: 18 Nov 2011 Last Revised: 06 Jul 2021
Ohad Kadan, Leonardo Madureira, Rong Wang and Tzachi Zach
Washington University in St. Louis - John M. Olin Business School, Case Western Reserve University - Weatherhead School of Management, Singapore Management University and Ohio State University (OSU) - Department of Accounting & Management Information Systems
Downloads 519 (84,129)
Citation 2

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Analysts; Benchmarks; Recommendations

11.

Stocks or Options? Moral Hazard, Firm Viability, and the Design of Compensation Contracts

Number of pages: 49 Posted: 13 Feb 2005
Ohad Kadan and Jeroen M. Swinkels
Washington University in St. Louis - John M. Olin Business School and Washington University in St. Louis - John M. Olin Business School
Downloads 449 (100,076)
Citation 11

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12.

A Bound on Expected Stock Returns

Review of Financial Studies, Forthcoming
Number of pages: 100 Posted: 01 Feb 2018 Last Revised: 23 Mar 2020
Ohad Kadan and Xiaoxiao Tang
Washington University in St. Louis - John M. Olin Business School and University of Texas at Dallas - School of Management - Department of Finance & Managerial Economics
Downloads 377 (122,469)
Citation 13

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13.

A Rational Expectations Theory of Kinks in Financial Reporting

Accounting Review, Volume 81, 2006
Number of pages: 45 Posted: 08 Jun 2006 Last Revised: 29 Dec 2009
Ilan Guttman, Ohad Kadan and Eugene Kandel
Leonard N. Stern School of Business, New York University, Washington University in St. Louis - John M. Olin Business School and Hebrew University of Jerusalem - Department of Economics
Downloads 373 (124,017)
Citation 10

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Earnings management, financial reporting, discontinuities

14.

Liquidity and the Strategic Value of Information

Number of pages: 53 Posted: 09 Jul 2020 Last Revised: 07 Dec 2021
Ohad Kadan and Asaf Manela
Washington University in St. Louis - John M. Olin Business School and Washington University in St. Louis - John M. Olin Business School
Downloads 344 (136,499)
Citation 1

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value of information, liquidity, strategic trading, Covid-19

15.

Recovering Implied Volatility

29th Annual Conference on Financial Economics & Accounting 2018
Number of pages: 51 Posted: 17 May 2017 Last Revised: 14 Oct 2019
Ohad Kadan, Fang Liu and Xiaoxiao Tang
Washington University in St. Louis - John M. Olin Business School, Cornell University and University of Texas at Dallas - School of Management - Department of Finance & Managerial Economics
Downloads 305 (154,102)
Citation 1

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16.

The True Colors of Money: Racial Diversity and Asset Management

Number of pages: 55 Posted: 02 Dec 2021 Last Revised: 01 Feb 2022
Lina Han, Xing Huang, Ohad Kadan and Jimmy Wu
University of Massachusetts Amherst, Isenberg School of Management, Washington University in St. Louis - Olin Business School, Washington University in St. Louis - John M. Olin Business School and Washington University in St. Louis - John M. Olin Business School
Downloads 279 (169,072)

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Racial/Ethnic Diversity, Mutual Funds, Social Identity Theory, In-group Bias, Flow-performance Sensitivity

17.

Performance Evaluation with High Moments and Disaster Risk

Journal of Financial Economics (JFE), Vol. 113, No. 1, 2014
Number of pages: 69 Posted: 15 Mar 2012 Last Revised: 22 Dec 2017
Ohad Kadan and Fang Liu
Washington University in St. Louis - John M. Olin Business School and Cornell University
Downloads 267 (176,741)
Citation 14

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Performance evaluation; Rare disasters; High distribution moments

18.

Equilibrium in the Two Player, K-Double Auction with Affiliated Private Values

FEEM Fondazione Eni Enrico Mattei Research Paper Series, Forthcoming
Number of pages: 32 Posted: 12 Jun 2003
Ohad Kadan
Washington University in St. Louis - John M. Olin Business School
Downloads 219 (214,224)
Citation 2

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Double Auction, Affiliation, Single Crossing

19.

Generalized Systematic Risk

American Economic Journal: Microeconomics, Vol. 8, No. 2, 2016
Number of pages: 60 Posted: 02 Jun 2014 Last Revised: 22 Dec 2017
Ohad Kadan, Fang Liu and Suying Liu
Washington University in St. Louis - John M. Olin Business School, Cornell University and Washington University in St. Louis
Downloads 210 (222,952)
Citation 4

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Systematic risk, Risk measure

20.

Inattention, Forced Exercise, and the Valuation of Executive Stock Options

Number of pages: 24 Posted: 17 Mar 2008 Last Revised: 14 May 2014
Hong Liu, Ohad Kadan and Jun Yang
Washington University in St. Louis - Olin Business School, Washington University in St. Louis - John M. Olin Business School and Indiana University - Kelley School of Business - Department of Finance
Downloads 192 (241,533)

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Executive Stock Options, Valuation

21.

Recovering Conditional Factor Risk Premia

Number of pages: 44 Posted: 01 Apr 2021
Ohad Kadan, Fang Liu and Xiaoxiao Tang
Washington University in St. Louis - John M. Olin Business School, Cornell University and University of Texas at Dallas - School of Management - Department of Finance & Managerial Economics
Downloads 182 (253,221)

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22.

What Drives the Value of Financial Analysts’ Advice? The Role of Earnings and Growth Forecasts

Number of pages: 41 Posted: 21 Jun 2021 Last Revised: 14 Oct 2022
Ohad Kadan, Leonardo Madureira, Rong Wang and Tzachi Zach
Washington University in St. Louis - John M. Olin Business School, Case Western Reserve University - Weatherhead School of Management, Singapore Management University and Ohio State University (OSU) - Department of Accounting & Management Information Systems
Downloads 174 (263,243)

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Financial analysts, stock recommendations, earnings forecasts, price targets

23.

Estimating the Value of Information

Number of pages: 83 Posted: 04 Jun 2016 Last Revised: 09 Jul 2020
Ohad Kadan and Asaf Manela
Washington University in St. Louis - John M. Olin Business School and Washington University in St. Louis - John M. Olin Business School
Downloads 173 (264,584)
Citation 12

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value of information, informativeness, options prices, recovery

24.

Discrete Prices and Competition in a Dealer Market

Number of pages: 45 Posted: 02 Dec 2002
Ohad Kadan
Washington University in St. Louis - John M. Olin Business School
Downloads 158 (285,633)

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25.

Do Proprietary Traders Provide Liquidity?

Swiss Finance Institute Research Paper No. 20-109
Number of pages: 42 Posted: 17 Nov 2020 Last Revised: 02 Mar 2022
Nittai Bergman, Ohad Kadan, Roni Michaely and Pamela C. Moulton
Tel Aviv University - Berglas School of Economics, Washington University in St. Louis - John M. Olin Business School, The University of Hong Kong and Cornell University - SC Johnson College of Business
Downloads 123 (347,590)

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Liquidity, Proprietary Traders, Volcker Rule

26.

A Rational Expectations Theory of the Kink in Earnings Reports

Number of pages: 42 Posted: 01 Nov 2004
Ilan Guttman, Ohad Kadan and Eugene Kandel
Leonard N. Stern School of Business, New York University, Washington University in St. Louis - John M. Olin Business School and Hebrew University of Jerusalem - Department of Economics
Downloads 24 (744,504)
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Managerial compensation, stock-based compensation, earnings reports, earnings management, analysts forecasts

27.

Existence of Optimal Mechanisms in Principal-Agent Problems

MFI Working Paper No. 2011-002, Becker Friedman Institute for Research in Economics Working Paper No. 2011-002
Posted: 29 Jan 2011 Last Revised: 10 Jul 2012
Ohad Kadan, Philip Reny and Jeroen Swinkels
Washington University in St. Louis - John M. Olin Business School, University of Chicago - Department of Economics and Northwestern University

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