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

SCHOLARLY PAPERS

26

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12,773

SSRN CITATIONS
Rank 1,982

SSRN RANKINGS

Top 1,982

in Total Papers Citations

241

CROSSREF CITATIONS

431

Scholarly Papers (26)

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
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 1,705 (12,491)
Citation 33

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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
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 1,331 (18,649)
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 1,329 (18,692)
Citation 21

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4.
Downloads 1,116 ( 24,251)
Citation 50

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
HEC Paris - Finance Department, Washington University in St. Louis - John M. Olin Business School and Hebrew University of Jerusalem - Department of Economics
Downloads 1,113 (23,940)
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
HEC Paris - Finance Department, Washington University in St. Louis - John M. Olin Business School and Hebrew University of Jerusalem - Department of Economics
Downloads 3 (804,999)
Citation 10
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algorithmic trading, duration clustering, Liquidity, make/take fees, monitoring, two-sided markets

5.
Downloads 982 ( 29,140)
Citation 140

Limit Order Book as a Market for Liquidity

Number of pages: 60 Posted: 30 May 2001
HEC Paris - Finance Department, Washington University in St. Louis - John M. Olin Business School and Hebrew University of Jerusalem - Department of Economics
Downloads 959 (29,717)
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
HEC Paris - Finance Department, Washington University in St. Louis - John M. Olin Business School and Hebrew University of Jerusalem - Department of Economics
Downloads 23 (639,751)
Citation 35
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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
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.
Downloads 976 ( 29,401)
Citation 18

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
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 437 (83,216)
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
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 293 (130,642)
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
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 246 (156,285)

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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
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 838 (36,396)
Citation 25

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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 581 (59,168)
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
Washington University in St. Louis - John M. Olin Business School, The University of Hong Kong and Cornell University - SC Johnson College of Business
Downloads 502 (71,110)
Citation 7

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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
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 484 (74,312)
Citation 1

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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 438 (83,721)
Citation 11

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12.

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 363 (103,992)
Citation 10

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Earnings management, financial reporting, discontinuities

13.

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 281 (137,100)
Citation 13

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14.

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 244 (158,038)
Citation 1

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15.

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 236 (163,196)
Citation 14

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Performance evaluation; Rare disasters; High distribution moments

16.

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 206 (185,595)
Citation 2

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Double Auction, Affiliation, Single Crossing

17.

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 198 (192,544)
Citation 4

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Systematic risk, Risk measure

18.

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 171 (219,043)

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Executive Stock Options, Valuation

19.

Liquidity and the Strategic Value of Information

Number of pages: 39 Posted: 09 Jul 2020 Last Revised: 02 Nov 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 167 (223,386)

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

20.

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 156 (236,684)
Citation 11

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value of information, informativeness, options prices, recovery

21.

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 148 (247,085)

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22.

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 137 (262,751)

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23.

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

Number of pages: 36 Posted: 21 Jun 2021
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 84 (366,970)

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24.

Do Proprietary Traders Provide Liquidity?

Swiss Finance Institute Research Paper No. 20-109
Number of pages: 43 Posted: 17 Nov 2020 Last Revised: 21 Dec 2020
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 76 (389,050)

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Liquidity, Proprietary Traders, Volcker Rule

25.

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 (613,808)
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Managerial compensation, stock-based compensation, earnings reports, earnings management, analysts forecasts

26.

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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