Lauren Cohen

Harvard University - Business School (HBS)

L.E. Simmons Chaired Professor of Business Administration

Rock Center 321

Soldiers Field

Boston, MA 02163

United States

http://www.people.hbs.edu/lcohen

National Bureau of Economic Research (NBER)

Research Associate

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

50

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Top 1,203

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32,705

SSRN CITATIONS
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Top 1,053

in Total Papers Citations

759

CROSSREF CITATIONS

357

Scholarly Papers (50)

1.
Downloads 9,652 ( 814)
Citation 31

Lazy Prices

2019 Academic Research Colloquium for Financial Planning and Related Disciplines
Number of pages: 90 Posted: 14 Aug 2010 Last Revised: 28 Mar 2019
Harvard University - Business School (HBS), Harvard Business School and DePaul University
Downloads 9,481 (835)
Citation 4

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Information, predictable returns, annual reports, inattention, lazy investors

Lazy Prices

NBER Working Paper No. w25084
Number of pages: 90 Posted: 24 Sep 2018 Last Revised: 17 Jul 2022
Harvard University - Business School (HBS), Harvard Business School and DePaul University
Downloads 171 (246,863)
Citation 5

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2.
Downloads 3,010 ( 6,002)
Citation 9

Patent Trolls: Evidence from Targeted Firms

Harvard Business School Finance Working Paper No. 15-002
Number of pages: 86 Posted: 21 Jun 2018
Harvard University - Business School (HBS), University of Texas at Dallas and Harvard University
Downloads 2,946 (6,090)
Citation 8

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Patent trolls, NPEs, PAEs, Innovation, Patents

Patent Trolls: Evidence from Targeted Firms

NBER Working Paper No. w20322
Number of pages: 70 Posted: 11 Aug 2014 Last Revised: 13 Jul 2022
Harvard University - Business School (HBS), University of Texas at Dallas and Harvard University
Downloads 64 (482,959)

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3.

Don’t Take Their Word For It: The Misclassification of Bond Mutual Funds

Number of pages: 65 Posted: 01 Nov 2019 Last Revised: 11 Aug 2020
Huaizhi Chen, Lauren Cohen and Umit G. Gurun
University of Notre Dame - Department of Finance, Harvard University - Business School (HBS) and University of Texas at Dallas
Downloads 2,392 (8,607)
Citation 1

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Misclassification, Rating, Fund flow, Fixed income, Mutual Fund

The ESG - Innovation Disconnect: Evidence from Green Patenting

European Corporate Governance Institute – Finance Working Paper No. 744/2021
Number of pages: 61 Posted: 11 Jan 2021 Last Revised: 13 Jun 2022
Lauren Cohen, Umit G. Gurun and Quoc Nguyen
Harvard University - Business School (HBS), University of Texas at Dallas and DePaul University
Downloads 1,730 (14,408)

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ESG investment, green patents, innovation, energy sector, sustainable investing, ESG ratings, Fund flows.

The Esg-Innovation Disconnect: Evidence from Green Patenting

NBER Working Paper No. w27990
Number of pages: 55 Posted: 27 Oct 2020 Last Revised: 25 Jun 2022
Lauren Cohen, Umit G. Gurun and Quoc H. Nguyen
Harvard University - Business School (HBS), University of Texas at Dallas and Driehaus College of Business
Downloads 71 (457,133)

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5.

Complicated Firms

AFA 2011 Denver Meetings Paper
Number of pages: 49 Posted: 15 Mar 2010 Last Revised: 19 Apr 2016
Lauren Cohen and Dong Lou
Harvard University - Business School (HBS) and London School of Economics & Political Science (LSE)
Downloads 1,341 (21,464)
Citation 59

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Complicated trades, return predictability, stand alone, conglomerate, market frictions

6.
Downloads 1,148 ( 26,937)
Citation 30

Do Powerful Politicians Cause Corporate Downsizing?

Number of pages: 59 Posted: 30 Jun 2009 Last Revised: 05 Apr 2016
Harvard University - Business School (HBS), Harvard Business School - Finance Unit and Harvard Business School
Downloads 1,059 (29,841)
Citation 27

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government spending, seniority, corporate behavior, investment, earmarks

Do Powerful Politicians Cause Corporate Downsizing?

NBER Working Paper No. w15839
Number of pages: 47 Posted: 29 Mar 2010 Last Revised: 13 Apr 2022
Harvard University - Business School (HBS), Harvard Business School - Finance Unit and Harvard Business School
Downloads 89 (403,088)
Citation 1

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7.
Downloads 1,107 ( 28,474)
Citation 16

IQ from IP: Simplifying Search in Portfolio Choice

8th Miami Behavioral Finance Conference 2017
Number of pages: 56 Posted: 18 Sep 2017 Last Revised: 20 Apr 2019
University of Notre Dame - Department of Finance, Harvard University - Business School (HBS), University of Texas at Dallas, London School of Economics & Political Science (LSE) and Harvard Business School
Downloads 1,074 (29,206)
Citation 1

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Tracked trades, Return predictability, Institutional trading, Insider trading

IQ from Ip: Simplifying Search in Portfolio Choice

NBER Working Paper No. w24801
Number of pages: 56 Posted: 16 Jul 2018 Last Revised: 08 Apr 2022
University of Notre Dame - Department of Finance, Harvard University - Business School (HBS), University of Texas at Dallas, London School of Economics & Political Science (LSE) and Harvard Business School
Downloads 33 (644,615)
Citation 15

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8.
Downloads 1,099 ( 28,844)
Citation 70

Sell Side School Ties

Harvard Business School Finance Working Paper No. 08-074
Number of pages: 39 Posted: 20 Feb 2008 Last Revised: 08 Apr 2016
Harvard University - Business School (HBS), AQR Capital Management, LLC and Harvard Business School
Downloads 932 (35,860)
Citation 69

Abstract:

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Social networks, connections, analysts, directors

Sell Side School Ties

NBER Working Paper No. w13973
Number of pages: 45 Posted: 12 May 2008 Last Revised: 07 Sep 2022
AQR Capital Management, LLC, Harvard Business School and Harvard University - Business School (HBS)
Downloads 167 (253,033)
Citation 3

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Playing Favorites: How Firms Prevent the Revelation of Bad News

Number of pages: 74 Posted: 13 Aug 2014 Last Revised: 24 Mar 2019
Lauren Cohen, Dong Lou and Christopher J. Malloy
Harvard University - Business School (HBS), London School of Economics & Political Science (LSE) and Harvard Business School
Downloads 964 (34,254)
Citation 2

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information, strategic release, firms, asset pricing, conference calls

Playing Favorites: How Firms Prevent the Revelation of Bad News

NBER Working Paper No. w19429
Number of pages: 61 Posted: 14 Sep 2013 Last Revised: 04 Aug 2022
Lauren Cohen, Dong Lou and Christopher J. Malloy
Harvard University - Business School (HBS), London School of Economics & Political Science (LSE) and Harvard Business School
Downloads 102 (369,125)

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Playing Favorites: How Firms Prevent the Revelation of Bad News

CEPR Discussion Paper No. DP12302
Number of pages: 54 Posted: 20 Sep 2017
Lauren Cohen, Dong Lou and Christopher J. Malloy
Harvard University - Business School (HBS), London School of Economics & Political Science (LSE) and Harvard Business School
Downloads 1 (956,135)
Citation 3
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10.

Economic Links and Predictable Returns

Number of pages: 46 Posted: 06 Apr 2016
Lauren Cohen and Andrea Frazzini
Harvard University - Business School (HBS) and AQR Capital Management, LLC
Downloads 979 (33,809)
Citation 175

Abstract:

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G10, G11, G14

11.

Supply and Demand Shifts in the Shorting Market

EFA 2005 Moscow Meetings Paper
Number of pages: 49 Posted: 08 Jul 2005 Last Revised: 05 Apr 2016
Harvard Business School, Independent and Harvard University - Business School (HBS)
Downloads 873 (39,732)
Citation 48

Abstract:

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Short selling, stock lending, short sale constraints

12.

Decoding Inside Information

NBER Working Paper No. w16454
Number of pages: 51 Posted: 18 Oct 2010 Last Revised: 18 Jun 2022
Harvard University - Business School (HBS), Harvard Business School and AQR Capital Management, LLC
Downloads 740 (49,710)
Citation 4

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13.
Downloads 666 ( 56,847)

Cloaked Trading

Journal of Investment Consulting, Vol. 17, No. 2, 2016
Number of pages: 15 Posted: 20 Jan 2017 Last Revised: 28 Jan 2017
Lauren Cohen, Dong Lou and Christopher J. Malloy
Harvard University - Business School (HBS), London School of Economics & Political Science (LSE) and Harvard Business School
Downloads 382 (110,909)

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Strategic Trading, Information, Asset Management, Investment

Cloaked Trading

Journal of Investment Consulting, Vol. 17, No. 2, p. 69-80, 2016
Number of pages: 15 Posted: 07 Feb 2017
Lauren Cohen, Dong Lou and Christopher J. Malloy
Harvard University - Business School (HBS), London School of Economics & Political Science (LSE) and Harvard Business School
Downloads 284 (152,815)

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14.

Misvaluing Innovation

AFA 2012 Chicago Meetings Paper
Number of pages: 56 Posted: 15 Mar 2011 Last Revised: 19 Apr 2016
Harvard University - Business School (HBS), Independent and Harvard Business School
Downloads 653 (58,458)
Citation 36

Abstract:

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Innovation, track records, return predictability, patents, asset pricing

Internal Deadlines, Drug Approvals, and Safety Problems

Number of pages: 43 Posted: 30 Jul 2019 Last Revised: 15 Sep 2020
Lauren Cohen, Umit G. Gurun and Danielle Li
Harvard University - Business School (HBS), University of Texas at Dallas and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 615 (62,272)

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Deadline, Adverse effect, FDA, Drug approval

Internal Deadlines, Drug Approvals, and Safety Problems

NBER Working Paper No. w28071
Number of pages: 44 Posted: 16 Nov 2020 Last Revised: 14 Sep 2022
Lauren Cohen, Umit G. Gurun and Danielle Li
Harvard University - Business School (HBS), University of Texas at Dallas and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 8 (883,861)

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16.

The Small World of Investing: Board Connections and Mutual Fund Returns

NBER Working Paper No. w13121
Number of pages: 55 Posted: 27 Jun 2007 Last Revised: 09 May 2022
AQR Capital Management, LLC, Harvard Business School and Harvard University - Business School (HBS)
Downloads 560 (71,128)
Citation 74

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17.
Downloads 491 ( 83,445)

Buying the Verdict

Number of pages: 54 Posted: 29 Jun 2017 Last Revised: 10 May 2021
Lauren Cohen and Umit G. Gurun
Harvard University - Business School (HBS) and University of Texas at Dallas
Downloads 457 (90,067)

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Firm strategic behavior, Litigation, Strategic advertising

Buying the Verdict

NBER Working Paper No. w24542
Number of pages: 55 Posted: 23 Apr 2018 Last Revised: 24 Jul 2022
Lauren Cohen and Umit G. Gurun
Harvard University - Business School (HBS) and University of Texas at Dallas
Downloads 34 (631,628)

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18.

Mini West Virginias: Corporations as Government Dependents

Number of pages: 34 Posted: 07 Apr 2016
Lauren Cohen and Christopher J. Malloy
Harvard University - Business School (HBS) and Harvard Business School
Downloads 432 (97,260)
Citation 19

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Government Spending, Customers, Investment, R&D

19.

Empirical Evidence on the Behavior and Impact of Patent Trolls: A Survey

Number of pages: 29 Posted: 27 Dec 2015
Harvard University - Business School (HBS), University of Texas at Dallas and Harvard University
Downloads 379 (112,768)
Citation 4

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Patent trolls, NPEs, PAEs, Innovation, Patents

20.

Industry Window Dressing

Number of pages: 78 Posted: 06 Apr 2016
Huaizhi Chen, Lauren Cohen and Dong Lou
University of Notre Dame - Department of Finance, Harvard University - Business School (HBS) and London School of Economics & Political Science (LSE)
Downloads 372 (115,147)
Citation 6

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Industry window dressing, opportunistic management, discontinuity, favorable industries

21.

Who Chooses Board Members?

Advances in Financial Economics, Forthcoming, FIRN Research Paper
Number of pages: 39 Posted: 11 Aug 2013 Last Revised: 05 Apr 2016
Ali C. Akyol and Lauren Cohen
University of Ottawa and Harvard University - Business School (HBS)
Downloads 310 (140,223)
Citation 6

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corporate directors, executive search firms, governance, SEC regulation

22.

Economic Links and Predictable Returns Appendix

Number of pages: 13 Posted: 08 Apr 2016
Lauren Cohen and Andrea Frazzini
Harvard University - Business School (HBS) and AQR Capital Management, LLC
Downloads 305 (142,647)
Citation 4

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Economic links, customers, suppliers, inattention

23.

Too Many Managers: Strategic Use of Titles to Avoid Overtime Payments

Number of pages: 59 Posted: 11 Jan 2021
Lauren Cohen, Umit G. Gurun and N. Bugra Ozel
Harvard University - Business School (HBS), University of Texas at Dallas and University of Texas at Dallas
Downloads 276 (158,024)

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Manager Titles, Overtime, Strategic Use

24.

Resident Networks and Corporate Connections: Evidence from World War II Internment Camps

Number of pages: 80 Posted: 21 Dec 2013 Last Revised: 24 Nov 2016
Harvard University - Business School (HBS), University of Texas at Dallas and Harvard Business School
Downloads 257 (169,797)
Citation 6

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Information networks, trade links, firm behavior

25.

The Impact of Forced Migration on Modern Cities: Evidence from 1930s Crop Failures

Number of pages: 95 Posted: 25 Apr 2016 Last Revised: 27 Nov 2016
Harvard University - Business School (HBS), Harvard Business School and DePaul University
Downloads 237 (183,570)
Citation 2

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Migration, Unions, Dust Bowl, Urban Development

26.

Hiring Cheerleaders: Board Appointments of "Independent" Directors

NBER Working Paper No. w14232
Number of pages: 46 Posted: 18 Aug 2008 Last Revised: 23 May 2021
Harvard University - Business School (HBS), AQR Capital Management, LLC and Harvard Business School
Downloads 231 (188,169)
Citation 8

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27.

Shielded Innovation

Number of pages: 39 Posted: 07 Apr 2016
Harvard University - Business School (HBS), University of Texas at Dallas and Harvard University
Downloads 223 (194,673)
Citation 6

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Patent Trolls, NPEs, PAEs, Innovation, Patents

28.

Legislating Stock Prices

NBER Working Paper No. w18291
Number of pages: 52 Posted: 10 Aug 2012 Last Revised: 25 Jun 2022
Harvard University - Business School (HBS), Independent and Harvard Business School
Downloads 214 (203,112)
Citation 4

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29.

Friends in High Places

NBER Working Paper No. w16437
Number of pages: 57 Posted: 12 Oct 2010 Last Revised: 01 Jun 2022
Lauren Cohen and Christopher J. Malloy
Harvard University - Business School (HBS) and Harvard Business School
Downloads 187 (229,335)
Citation 13

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30.

Revisiting Fundamental Indexation: A Deep Dive into Revenue

Number of pages: 33 Posted: 14 Mar 2019
Harvard University - Business School (HBS), OppenheimerFunds, Harvard Business School and OppenheimerFunds
Downloads 176 (240,646)

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Fundamental Indexation, Revenue, Smart Beta

Don't Take Their Word For It: The Misclassification of Bond Mutual Funds

Proceedings of Paris December 2020 Finance Meeting EUROFIDAI - ESSEC
Number of pages: 51 Posted: 15 Oct 2020
Huaizhi Chen, Lauren Cohen and Umit G. Gurun
University of Notre Dame - Department of Finance, Harvard University - Business School (HBS) and University of Texas at Dallas
Downloads 122 (323,213)
Citation 2

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Don't Take Their Word for it: The Misclassification of Bond Mutual Funds

NBER Working Paper No. w26423
Number of pages: 65 Posted: 06 Nov 2019 Last Revised: 12 Sep 2022
Huaizhi Chen, Lauren Cohen and Umit G. Gurun
University of Notre Dame - Department of Finance, Harvard University - Business School (HBS) and University of Texas at Dallas
Downloads 35 (625,267)
Citation 1

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32.

Sell Side School Ties: Internet Appendix

Number of pages: 20 Posted: 08 Apr 2016
Harvard University - Business School (HBS), AQR Capital Management, LLC and Harvard Business School
Downloads 151 (273,136)

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Social networks, connections, analysts, directors

33.

Management Science Online Appendix Tables: Hiring Cheerleaders: Board Appointments of 'Independent' Directors

Number of pages: 10 Posted: 08 Apr 2016
Harvard University - Business School (HBS), AQR Capital Management, LLC and Harvard Business School
Downloads 137 (295,088)

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Independent directors, appointments, analysts, board members

Calling All Issuers: The Market for Debt Monitoring

Number of pages: 54 Posted: 03 Jun 2021
Huaizhi Chen, Lauren Cohen and Weiling Liu
University of Notre Dame - Department of Finance, Harvard University - Business School (HBS) and Northeastern University
Downloads 103 (364,277)

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Monitoring, State and Local Borrowing, Underwriters, Government Financing.

Calling All Issuers: The Market for Debt Monitoring

NBER Working Paper No. w29790
Number of pages: 55 Posted: 28 Feb 2022 Last Revised: 26 May 2022
Huaizhi Chen, Lauren Cohen and Weiling Liu
University of Notre Dame - Department of Finance, Harvard University - Business School (HBS) and Northeastern University
Downloads 3 (923,781)
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35.

Attracting Flows by Attracting Big Clients

Journal of Finance, Forthcoming
Number of pages: 44 Posted: 14 Nov 2008 Last Revised: 19 Apr 2016
Lauren Cohen and Breno Schmidt
Harvard University - Business School (HBS) and Emory University - Goizueta Business School
Downloads 97 (375,946)
Citation 7

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Portfolio Choice, Mutual Funds, Overweight, Fund Flows

36.

'Troll' Check? A Proposal for Administrative Review of Patent Litigation

97 Boston University Law Review 1775 (2017), U of Texas Law, Law and Econ Research Paper E576
Number of pages: 68 Posted: 15 Nov 2017 Last Revised: 20 Dec 2017
Harvard University - Business School (HBS), University of Texas at Austin - School of Law, University of Texas at Dallas and Harvard University
Downloads 87 (402,205)

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Patents, Patent Trolls, Patent Litigation Review Board, Opportunistic Patent Litigation

The Political Economy of Anti-Bribery Enforcement

Number of pages: 70 Posted: 27 Dec 2021 Last Revised: 29 Dec 2021
Bo Li and Lauren Cohen
Tsinghua University - PBC School of Finance and Harvard University - Business School (HBS)
Downloads 72 (467,776)

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Government policy and regulation, enforcement, political economy, electoral cycles

The Political Economy of Anti-Bribery Enforcement

NBER Working Paper No. w29624
Number of pages: 71 Posted: 03 Jan 2022 Last Revised: 12 Jun 2022
Lauren Cohen and Bo Li
Harvard University - Business School (HBS) and Tsinghua University - PBC School of Finance
Downloads 5 (896,155)
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38.

'Troll' Check? A Proposal for Administrative Review of Patent Litigation - Online Appendix

Number of pages: 14 Posted: 25 Sep 2017
Harvard University - Business School (HBS), University of Texas at Austin - School of Law, University of Texas at Dallas and Harvard University
Downloads 41 (577,675)
Citation 6

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Patents, Patent Trolls, Patent Litigation Review Board, Opportunistic Patent Litigation

39.

Resident Networks and Firm Trade

NBER Working Paper No. w18312
Number of pages: 54 Posted: 18 Aug 2012 Last Revised: 16 Jul 2022
Harvard University - Business School (HBS), University of Texas at Dallas and Harvard Business School
Downloads 31 (635,115)

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40.

Internet Appendix for Attracting Flows by Attracting Big Clients

Number of pages: 11 Posted: 10 Apr 2016
Lauren Cohen and Breno Schmidt
Harvard University - Business School (HBS) and Emory University - Goizueta Business School
Downloads 20 (715,981)

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Mutual Funds, Conflicts of Interest, Portfolio Choice, Retirement Savings

41.

Shorting Demand and Predictability of Returns

Journal of Investment Management; 2009 1st Quarter, Vol. 7 Issue 1, p36-52
Posted: 28 May 2016
Lauren Cohen and Christopher J. Malloy
Harvard University - Business School (HBS) and Harvard Business School

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Stocks, Marketing, Returns on Sales, Loans, Demand (Economic Theory), Economic Forecasting, Loan Servicing -- Costs, Securities, Supply & Demand

42.

Introduction to Short Selling

Harvard Business School Finance Case No. 212-079
Posted: 08 May 2012
Lauren Cohen and Christopher J. Malloy
Harvard University - Business School (HBS) and Harvard Business School

Abstract:

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43.

Dimensional Fund Advisors (DFA)'s Entry into the Retirement Market

Harvard Business School Finance Case No. 212-068
Posted: 08 May 2012
Lauren Cohen and Christopher J. Malloy
Harvard University - Business School (HBS) and Harvard Business School

Abstract:

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44.

Business Intelligence Advisors (BIA), Inc.: Finding the Hidden Meaning in Corporate Disclosures

Harvard Business School Finance Case No. 212-031
Posted: 02 Mar 2012
Lauren Cohen and Christopher J. Malloy
Harvard University - Business School (HBS) and Harvard Business School

Abstract:

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45.

AQR's Momentum Funds (B)

Harvard Business School Finance Case No. 211-075
Posted: 01 Mar 2012
Brandeis International Business School, Harvard Business School, Harvard University - Business School (HBS) and Harvard Business School - Finance Unit

Abstract:

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46.

AQR's Momentum Funds

Harvard Business School Finance Case No. 211-025
Posted: 10 Feb 2012
Brandeis International Business School, Harvard University - Business School (HBS), Harvard Business School - Finance Unit and Harvard Business School

Abstract:

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47.

AQR's Delta Strategy (A)

Harvard Business School Finance Case No. 212-038
Posted: 05 Feb 2012
Brandeis International Business School, Harvard University - Business School (HBS), Harvard Business School - Finance Unit and Harvard Business School

Abstract:

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48.

Quadriserv and the Short Selling Market

Harvard Business School Finance Case No. 212-021
Posted: 02 Feb 2012
Lauren Cohen and Christopher J. Malloy
Harvard University - Business School (HBS) and Harvard Business School

Abstract:

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49.

Miracle Life Inc.

HBS Case No. 210-039, Harvard Business School Finance Unit
Posted: 01 May 2010
Lauren Cohen and Christopher J. Malloy
Harvard University - Business School (HBS) and Harvard Business School

Abstract:

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50.

Loyalty-Based Portfolio Choice

The Review of Financial Studies, Vol. 22, No. 3, pp. 1213-1245, 2009
Posted: 17 Mar 2009
Lauren Cohen
Harvard University - Business School (HBS)

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D31, J26, J32