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

21

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CITATIONS
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269

Scholarly Papers (21)

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) - Fisher College of Business
Downloads 1,619 (7,819)
Citation 64

Abstract:

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) - Fisher College of Business

Abstract:

G14, G24, G28

2.

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 1,129 (12,995)
Citation 14

Abstract:

3.

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
Indiana University - Kelley School of Business - Department of Finance, Washington University in St. Louis - John M. Olin Business School and Tel Aviv University - Coller School of Management
Downloads 1,020 (13,258)
Citation 11

Abstract:

liquidity, illiquidity, liquidity premium, stock returns

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 987 (17,058)
Citation 15

Abstract:

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 (552,917)
Citation 15

Abstract:

algorithmic trading, duration clustering, Liquidity, make/take fees, monitoring, two-sided markets

5.
Downloads 857 ( 21,509)
Citation 7

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 377 (62,799)
Citation 7

Abstract:

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 269 (92,511)
Citation 7

Abstract:

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 211 (118,766)
Citation 7

Abstract:

Stock Liquidity, Asset Liquidity, Investment, Financing, Payout

6.
Downloads 783 ( 24,514)
Citation 100

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 760 (25,184)
Citation 100

Abstract:

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

Limit Order Book as a Market for Liquidity

CEPR Discussion Paper No. 2889
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 (441,423)
Citation 100

Abstract:

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

Abstract:

brain metastases, HRQoL, stereotactic radiosurgery

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) - Fisher College of Business
Downloads 734 (25,546)
Citation 3

Abstract:

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
New York University (NYU) - Leonard N. Stern School of Business, Washington University in St. Louis - John M. Olin Business School and Hebrew University of Jerusalem - Department of Economics
Downloads 498 (41,929)
Citation 7

Abstract:

9.

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

EFA 2005 Moscow Meetings Paper
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 393 (56,790)
Citation 16

Abstract:

10.

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
New York University (NYU) - Leonard N. Stern School of Business, Washington University in St. Louis - John M. Olin Business School and Hebrew University of Jerusalem - Department of Economics
Downloads 302 (74,326)
Citation 22

Abstract:

Earnings management, financial reporting, discontinuities

11.

What Are Analysts Really Good At?

AFA 2013 San Diego Meetings Paper, 26th Australasian Finance and Banking Conference 2013
Number of pages: 54 Posted: 18 Nov 2011 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) - Fisher College of Business
Downloads 290 (72,250)

Abstract:

Analysts, Benchmarks, Stock Picking, Industry Picking, Market Timing

12.

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 190 (125,492)
Citation 3

Abstract:

Double Auction, Affiliation, Single Crossing

13.

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, Johnson@Cornell Tech, Cornell University and Cornell University
Downloads 173 (74,817)

Abstract:

private information, analyst recommendations, institutional trading, individual trading

14.

Performance Evaluation with High Moments and Disaster Risk

Number of pages: 69 Posted: 15 Mar 2012 Last Revised: 25 Nov 2014
Ohad Kadan and Fang Liu
Washington University in St. Louis - John M. Olin Business School and Cornell University
Downloads 157 (136,335)
Citation 1

Abstract:

Performance evaluation; Rare disasters; High distribution moments

15.

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 144 (162,313)

Abstract:

Executive Stock Options, Valuation

16.

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 133 (174,830)
Citation 1

Abstract:

17.

Generalized Systematic Risk

Number of pages: 60 Posted: 02 Jun 2014 Last Revised: 11 Aug 2016
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 123 (146,428)

Abstract:

Systematic risk, Risk measure

18.

A Rational Expectations Theory of the Kink in Earnings Reports

CEPR Discussion Paper No. 4613
Number of pages: 42 Posted: 01 Nov 2004
Ilan Guttman, Ohad Kadan and Eugene Kandel
New York University (NYU) - Leonard N. Stern School of Business, Washington University in St. Louis - John M. Olin Business School and Hebrew University of Jerusalem - Department of Economics
Downloads 24 (422,838)
Citation 5

Abstract:

Managerial compensation, stock-based compensation, earnings reports, earnings management, analysts forecasts

19.

A Factor Structure for Implied Volatility

Number of pages: 47 Posted: 17 May 2017
Ohad Kadan, Fang Liu and Xiaoxiao Tang
Washington University in St. Louis - John M. Olin Business School, Cornell University and Washington University in St. Louis - John M. Olin Business School
Downloads 0 (315,095)

Abstract:

20.

Estimating the Value of Information

Number of pages: 48 Posted: 04 Jun 2016 Last Revised: 29 Nov 2016
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 0 (267,538)

Abstract:

value of information, informativeness, options prices, recovery

21.

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

Abstract: