Rabih Moussawi

Villanova University - Department of Finance

Professor of Finance

800 E Lancaster Ave

Bartley Hall, 2051

Villanova, PA 19085

United States

http://www.homepage.villanova.edu/rabih.moussawi

University of Pennsylvania

Director, Research Services, WRDS, The Wharton School

3733 Spruce Street

216 Vance Hall

Philadelphia, PA 19104-6301

United States

http://www.rabihmoussawi.com/

  • Villanova University - Department of Finance

  • University of Pennsylvania

SCHOLARLY PAPERS

32

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Top 941

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52,507

TOTAL CITATIONS
Rank 1,580

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Top 1,580

in Total Papers Citations

546

Scholarly Papers (32)

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1.

Competition for Attention in the ETF Space

Downloads 8,532 ( 1,602)
Citation 16

Competition for Attention in the ETF Space

Fisher College of Business Working Paper No. 2021-03-001, Charles A. Dice Center Working Paper No. 2021-01, Swiss Finance Institute Research Paper No. 21-03, Review of Financial Studies, forthcoming
Number of pages: 80 Posted: 14 Jan 2021 Last Revised: 06 Oct 2022
Itzhak Ben-David, Francesco A. Franzoni, Byungwook Kim and Rabih Moussawi
Ohio State University (OSU) - Department of Finance, Universita della Svizzera Italiana (USI Lugano), University of California, Irvine - Paul Merage School of Business and Villanova University - Department of Finance
Downloads 8,388 (1,637)
Citation 16

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exchange-traded funds, ETFs, financial innovation, competition, attention, retail investors, trading, securities, mutual funds, financial intermediation, overvaluation

Competition for Attention in the ETF Space

NBER Working Paper No. w28369
Number of pages: 78 Posted: 27 Jan 2021 Last Revised: 08 Jul 2023
Itzhak Ben-David, Francesco A. Franzoni, Byungwook Kim and Rabih Moussawi
Ohio State University (OSU) - Department of Finance, Universita della Svizzera Italiana (USI Lugano), University of California, Irvine - Paul Merage School of Business and Villanova University - Department of Finance
Downloads 143 (437,968)

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Competition for Attention in the ETF Space

CEPR Discussion Paper No. DP15762
Number of pages: 43 Posted: 11 Feb 2021
Itzhak Ben-David, Francesco A. Franzoni, Byungwook Kim and Rabih Moussawi
Ohio State University (OSU) - Department of Finance, Universita della Svizzera Italiana (USI Lugano), University of California, Irvine - Paul Merage School of Business and Villanova University - Department of Finance
Downloads 1 (1,390,615)
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2.

Do ETFs Increase Volatility?

Downloads 7,328 ( 2,058)
Citation 185

Do ETFs Increase Volatility?

Journal of Finance, Forthcoming, Fisher College of Business Working Paper No. 2011-03-20, Swiss Finance Institute Research Paper No. 11-66, AFA 2013 San Diego Meetings Paper, Charles A. Dice Center Working Paper No. 2011-20
Number of pages: 145 Posted: 02 Dec 2011 Last Revised: 03 Dec 2017
Itzhak Ben-David, Francesco A. Franzoni and Rabih Moussawi
Ohio State University (OSU) - Department of Finance, Universita della Svizzera Italiana (USI Lugano) and Villanova University - Department of Finance
Downloads 7,018 (2,199)
Citation 29

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ETFs, volatility, arbitrage, fund flows

Do Etfs Increase Volatility?

NBER Working Paper No. w20071
Number of pages: 59 Posted: 28 Apr 2014 Last Revised: 06 May 2023
Itzhak Ben-David, Francesco A. Franzoni and Rabih Moussawi
Ohio State University (OSU) - Department of Finance, Universita della Svizzera Italiana (USI Lugano) and Villanova University - Department of Finance
Downloads 310 (209,084)
Citation 156

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3.

Exchange Traded Funds (ETFs)

Downloads 6,202 ( 2,741)
Citation 44

Exchange Traded Funds (ETFs)

Annual Review of Financial Economics, Volume 9, 2017, Forthcoming, Charles A. Dice Center Working Paper No. 2016-22, Fisher College of Business Working Paper No. 2016-03-022, Swiss Finance Institute Research Paper No. 16-64
Number of pages: 35 Posted: 08 Nov 2016 Last Revised: 16 Sep 2017
Itzhak Ben-David, Francesco A. Franzoni and Rabih Moussawi
Ohio State University (OSU) - Department of Finance, Universita della Svizzera Italiana (USI Lugano) and Villanova University - Department of Finance
Downloads 6,004 (2,875)
Citation 6

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ETFs, Mutual Funds, Investment Managers, Volatility, Arbitrage, Fund Flows

Exchange Traded Funds (Etfs)

NBER Working Paper No. w22829
Number of pages: 35 Posted: 14 Nov 2016 Last Revised: 19 May 2023
Itzhak Ben-David, Francesco A. Franzoni and Rabih Moussawi
Ohio State University (OSU) - Department of Finance, Universita della Svizzera Italiana (USI Lugano) and Villanova University - Department of Finance
Downloads 198 (328,265)
Citation 38

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4.

Working Capital Management and Shareholder Wealth

Number of pages: 31 Posted: 10 Apr 2011 Last Revised: 25 Nov 2012
Robert L. Kieschnick, Mark Laplante and Rabih Moussawi
University of Texas at Dallas, affiliation not provided to SSRN and Villanova University - Department of Finance
Downloads 4,712 (4,461)
Citation 15

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working capital, financing, shareholder wealth

5.

Operational Shorting and ETF Liquidity Provision

Darden Business School Working Paper No. 2961954, 2019 Academic Research Colloquium for Financial Planning and Related Disciplines
Number of pages: 88 Posted: 03 May 2017 Last Revised: 29 Jun 2024
Richard B. Evans, Rabih Moussawi, Michael S. Pagano and John Sedunov
University of Virginia - Darden School of Business, Villanova University - Department of Finance, Villanova University - Villanova School of Business and Villanova University - Department of Finance
Downloads 3,069 (8,911)
Citation 7

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Exchange-Traded Funds, Short selling, Failure to Deliver, Authorized Participants, Market Making, Liquidity, Retail Trading

6.

Hedge Fund Stock Trading in the Financial Crisis of 2007-2009

AFA 2011 Denver Meetings Paper, Charles A. Dice Center Working Paper No. 2010-2, Fisher College of Business Working Paper No. 2010-03-002, Swiss Finance Institute Research Paper No. 11-08
Number of pages: 83 Posted: 09 Feb 2010 Last Revised: 14 Sep 2011
Itzhak Ben-David, Francesco A. Franzoni and Rabih Moussawi
Ohio State University (OSU) - Department of Finance, Universita della Svizzera Italiana (USI Lugano) and Villanova University - Department of Finance
Downloads 2,753 (10,569)
Citation 80

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Hedge funds, Liquidity, Aggregate Liquidity, Arbitrage, Funding Liquidity, Illiquidity, Liquidity Crisis, Crisis Stock Market Crash, Limits to Arbitrage, Liquidity Spirals, Short Selling, Short Sellers, 13-F, TASS, Uncertainty, Equity Market, Investment Strategy, Mutual Funds, Retail Investors

7.

The Granular Nature of Large Institutional Investors

Downloads 2,686 (10,981)
Citation 61

The Granular Nature of Large Institutional Investors

Management Science, Forthcoming, Charles A. Dice Center Working Paper No. 2015-09, Fisher College of Business Working Paper No. 2015-03-09, Swiss Finance Institute Research Paper No. 15-67
Number of pages: 97 Posted: 20 Jun 2015 Last Revised: 08 Jul 2020
Itzhak Ben-David, Francesco A. Franzoni, Rabih Moussawi and John Sedunov
Ohio State University (OSU) - Department of Finance, Universita della Svizzera Italiana (USI Lugano), Villanova University - Department of Finance and Villanova University - Department of Finance
Downloads 2,550 (11,703)
Citation 6

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Institutional investors, Concentration, Granularity, Fire Sales, Liquidity

The Granular Nature of Large Institutional Investors

NBER Working Paper No. w22247
Number of pages: 96 Posted: 16 May 2016 Last Revised: 16 Apr 2023
Itzhak Ben-David, Francesco A. Franzoni, Rabih Moussawi and John Sedunov
Ohio State University (OSU) - Department of Finance, Universita della Svizzera Italiana (USI Lugano), Villanova University - Department of Finance and Villanova University - Department of Finance
Downloads 134 (462,096)
Citation 53

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The Granular Nature of Large Institutional Investors

CEPR Discussion Paper No. DP13427
Number of pages: 48 Posted: 11 Jan 2019
Itzhak Ben-David, Francesco A. Franzoni, Rabih Moussawi and John Sedunov
Ohio State University (OSU) - Department of Finance, Universita della Svizzera Italiana (USI Lugano), Villanova University - Department of Finance and Villanova University - Department of Finance
Downloads 2 (1,381,601)
Citation 2
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Concentration, fire sales, granularity, institutional investors, liquidity

8.

Do Hedge Funds Manipulate Stock Prices?

Journal of Finance, Forthcoming, Charles A. Dice Center Working Paper No. 2011-005, Fisher College of Business Working Paper No. 2011-03-005, Swiss Finance Institute Research Paper No. 11-53, AFA 2013 San Diego Meetings Paper
Number of pages: 80 Posted: 17 Feb 2011 Last Revised: 16 Sep 2012
Itzhak Ben-David, Francesco A. Franzoni, Augustin Landier and Rabih Moussawi
Ohio State University (OSU) - Department of Finance, Universita della Svizzera Italiana (USI Lugano), HEC and Villanova University - Department of Finance
Downloads 2,627 (11,384)
Citation 16

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Hedge fund, Manipulation, Stock, Reporting, Manager, Monthly returns, Competition, Inflation, Fraud, Performance reporting, Investors, Returns

9.

The Role of Taxes in the Rise of ETFs

Number of pages: 148 Posted: 11 Dec 2020 Last Revised: 28 Apr 2025
Rabih Moussawi, Ke Shen and Raisa Velthuis
Villanova University - Department of Finance, Lehigh University -- Perella Department of Finance and Villanova University - Department of Finance
Downloads 2,046 (17,013)
Citation 4

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ETFs, Mutual Funds, Capital Gains, Fund Flows, In-Kind Redemptions, Section 852(b)(6) Exemption, Heartbeat Trades, Tax Deferral, High-Net-Worth Individuals, Step-up in Basis

10.

Do ETFs Increase the Commonality in Liquidity of Underlying Stocks?

28th Annual Conference on Financial Economics and Accounting, Fifth Annual Conference on Financial Market Regulation 2018
Number of pages: 53 Posted: 13 Jul 2017 Last Revised: 11 Dec 2018
Vikas Agarwal, Paul Hanouna, Rabih Moussawi and Christof W. Stahel
Georgia State University - J. Mack Robinson College of Business, Villanova University - School of Business, Villanova University - Department of Finance and Investment Company Institute
Downloads 1,562 (25,914)
Citation 26

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Exchange traded funds, commonality in liquidity, authorized participants, arbitrage, institutional ownership, trading halts, index reconstitution, liquidity risk

11.

Firm Age, Corporate Governance, and Capital Structure Choices

Number of pages: 43 Posted: 14 Nov 2017
Robert L. Kieschnick and Rabih Moussawi
University of Texas at Dallas and Villanova University - Department of Finance
Downloads 1,422 (29,773)
Citation 14

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firm age, corporate governance, capital structure

12.

For Better or Worse? Mutual Funds in Side-By-Side Management Relationships With Hedge Funds

Number of pages: 39 Posted: 01 Jun 2006
Gjergji Cici, Scott Gibson and Rabih Moussawi
University of Kansas - School of Business, College of William and Mary - Mason School of Business and Villanova University - Department of Finance
Downloads 1,366 (31,558)
Citation 7

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mutual funds, hedge funds, side-by-side arrangements, institutional investors

13.

Phantom of the Opera: ETF Shorting and Shareholder Voting

European Corporate Governance Institute – Finance Working Paper No. 763/2021, Management Science (Forthcoming)
Number of pages: 62 Posted: 26 Mar 2019 Last Revised: 15 Jan 2025
Richard B. Evans, Oğuzhan Karakaş, Rabih Moussawi and Michael Young
University of Virginia - Darden School of Business, Cambridge Judge Business School - Finance Subject Group, Villanova University - Department of Finance and University of Missouri at Columbia - Department of Finance
Downloads 1,208 (37,750)
Citation 1

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Exchange-Traded Funds, Proxy Voting, Broker Non-Vote, Short Interest, Operational Shorting, Authorized Participants, ETF Market Making, Voting of Hedged Positions, Empty Voting

14.

The Unintended Consequences of Investing for the Long Run: Evidence from Target Date Funds

Number of pages: 86 Posted: 30 Nov 2020 Last Revised: 22 Apr 2022
Massimo Massa, Rabih Moussawi and Andrei Simonov
INSEAD - Finance, Villanova University - Department of Finance and Michigan State University - Eli Broad Graduate School of Management
Downloads 1,159 (40,179)

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Mutual Funds, Target-Date Funds, Retirement Savings, Mutual Funds Families, Open Architecture, Flow-Performance Sensitivity

15.

An Improved Method to Predict Assignment of Stocks into Russell Indexes

Downloads 675 (83,975)
Citation 5

An Improved Method to Predict Assignment of Stocks into Russell Indexes

Fisher College of Business Working Paper No. 2019-03-024, Charles A. Dice Center Working Paper No. 2019-24, Swiss Finance Institute Research Paper No. 19-56
Number of pages: 41 Posted: 10 Oct 2019 Last Revised: 14 Nov 2019
Itzhak Ben-David, Francesco A. Franzoni and Rabih Moussawi
Ohio State University (OSU) - Department of Finance, Universita della Svizzera Italiana (USI Lugano) and Villanova University - Department of Finance
Downloads 491 (123,708)

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Russell, institutional investors, ETFs, volatility

An Improved Method to Predict Assignment of Stocks into Russell Indexes

Swiss Finance Institute Research Paper No. 19-56
Number of pages: 43 Posted: 01 Nov 2019 Last Revised: 15 Nov 2019
Itzhak Ben-David, Francesco A. Franzoni and Rabih Moussawi
Ohio State University (OSU) - Department of Finance, Universita della Svizzera Italiana (USI Lugano) and Villanova University - Department of Finance
Downloads 183 (353,444)
Citation 1

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Russell, institutional investors, ETFs, volatility

An Improved Method to Predict Assignment of Stocks into Russell Indexes

CEPR Discussion Paper No. DP14234
Number of pages: 44 Posted: 14 Jan 2020
Itzhak Ben-David, Francesco A. Franzoni and Rabih Moussawi
Ohio State University (OSU) - Department of Finance, Universita della Svizzera Italiana (USI Lugano) and Villanova University - Department of Finance
Downloads 1 (1,390,615)
Citation 4
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ETFs, institutional investors, Russell, volatility

16.

Corporate Governance and Firm Survival

Number of pages: 59 Posted: 15 Feb 2006 Last Revised: 15 Jul 2017
M. Sinan Goktan, Robert L. Kieschnick and Rabih Moussawi
California State University, East Bay, University of Texas at Dallas and Villanova University - Department of Finance
Downloads 667 (85,277)
Citation 8

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Corporate governance, acquisitions, going private, bankruptcy, corporate restructuring

17.

A Market Maker of Two Markets: The Role of Options in ETF Arbitrage

Number of pages: 74 Posted: 13 Sep 2023 Last Revised: 29 Feb 2024
Rabih Moussawi, Lai Xu and Zhaoque (Chosen) Zhou
Villanova University - Department of Finance, Syracuse University and Washington University in St. Louis - John M. Olin Business School
Downloads 639 (90,087)

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ETFs, Options, Intraday Arbitrage, Market Makers, Liquidity, Multi-Leg Options, Complex Order Book (COB)

18.

Governance Mechanisms and Effective Activism: Evidence from Shareholder Proposals on Poison Pills

EFA 2007 Ljubljana Meetings Paper
Number of pages: 41 Posted: 06 Mar 2007 Last Revised: 15 Jul 2017
Mireia Gine, Rabih Moussawi and John Sedunov
IESE Business School, University of Navarra, Villanova University - Department of Finance and Villanova University - Department of Finance
Downloads 567 (104,870)
Citation 5

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Corporate Governance, Poison Pills, Institutional Investors, Shareholder Proposals, Voting

19.

Do Arbitrageurs Really Avoid High Idiosyncratic Risk Stocks?

Number of pages: 23 Posted: 19 Mar 2010 Last Revised: 16 Feb 2011
Itzhak Ben-David, Denys Glushkov and Rabih Moussawi
Ohio State University (OSU) - Department of Finance, University of Pennsylvania - The Wharton School, Wharton Research Data Services (WRDS) and Villanova University - Department of Finance
Downloads 492 (124,956)
Citation 6

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limits-to-arbitrage, arbitrageurs, hedge funds, mispricing, diversification, idiosyncratic risk, idiosyncratic volatility, volatility, anomalies, anomaly, frictions, event study, noise, analysts, dividends, signal-to-noise, fundamental value, mispricing, trading,signal

20.

A Project-Level Analysis of Value Creation in Firms

Number of pages: 44 Posted: 17 Apr 2018
Jonathan B. Cohn, Umit G. Gurun and Rabih Moussawi
University of Texas at Austin, University of Texas at Dallas and Villanova University - Department of Finance
Downloads 481 (128,350)

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CEO Short-Termism, Corporate Investment, CEO Compensation, Career Concerns

21.

Motivating Innovation in Newly Public Firms

Number of pages: 33 Posted: 14 Mar 2011 Last Revised: 19 Jun 2014
Nina Baranchuk, Robert L. Kieschnick and Rabih Moussawi
University of Texas at Dallas - Naveen Jindal School of Management, University of Texas at Dallas and Villanova University - Department of Finance
Downloads 369 (174,422)
Citation 35

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innovation, corporate governance, incentive contracts

22.

Explaining and Benchmarking Corporate Bond Returns

Number of pages: 60 Posted: 05 Jul 2017
Gjergji Cici, Scott Gibson and Rabih Moussawi
University of Kansas - School of Business, College of William and Mary - Mason School of Business and Villanova University - Department of Finance
Downloads 361 (178,681)
Citation 1

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Corporate bonds, cross-section of returns, credit risk, TRACE, default

23.

Quest for Efficiency: Assessing the Impact of Mergers on Performance in the US Telecommunications Industry

Number of pages: 61 Posted: 01 Sep 2007
Sumit K. Majumdar, Rabih Moussawi and Ulku Yaylacicegi
University of Texas at Dallas - Department of Information Systems & Operations Management, Villanova University - Department of Finance and University of North Carolina (UNC) at Wilmington
Downloads 359 (179,797)

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dynamic panel data analysis, efficiency, financial performance, local exchange carriers, mergers and acquisitions, operational performance, US telecommunications industry

24.

Mutual Fund Performance When Parent Firms Simultaneously Manage Hedge Funds

Journal of Financial Intermediation, Forthcoming
Number of pages: 42 Posted: 24 Dec 2009
Gjergji Cici, Scott Gibson and Rabih Moussawi
University of Kansas - School of Business, College of William and Mary - Mason School of Business and Villanova University - Department of Finance
Downloads 281 (233,886)
Citation 1

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mutual funds, hedge funds, side-by-side arrangements, institutional investors

25.

Institutional Investors and Bank Governance: An International Analysis of Bank Earnings Management

Journal of Corporate Finance, Forthcoming
Number of pages: 53 Posted: 17 Jan 2018 Last Revised: 29 Jul 2021
Steve Miller, Rabih Moussawi, Bin Wang and Tina Yang
University of South Florida - Muma College of Business, Villanova University - Department of Finance, Marquette University - College of Business Administration and University of South Florida - Muma College of Business
Downloads 272 (241,831)
Citation 8

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institutional investors, earnings management, banks, bank regulations, corporate governance

26.

The Impact of Mergers on Performance in the US Telecommunications Industry, 1988 to 2001

TPRC 2006
Number of pages: 69 Posted: 31 Jul 2012
Sumit K. Majumdar, Rabih Moussawi and Ulku Yaylacicegi
University of Texas at Dallas - Department of Information Systems & Operations Management, Villanova University - Department of Finance and University of North Carolina (UNC) at Wilmington
Downloads 242 (271,868)

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27.

Phantom of the Opera: ETFs and Shareholder Voting

Proceedings of Paris December 2019 Finance Meeting EUROFIDAI - ESSEC
Number of pages: 32 Posted: 18 Dec 2018 Last Revised: 04 Oct 2019
Richard B. Evans, Oğuzhan Karakaş, Rabih Moussawi and Michael Young
University of Virginia - Darden School of Business, Cambridge Judge Business School - Finance Subject Group, Villanova University - Department of Finance and University of Missouri at Columbia - Department of Finance
Downloads 147 (427,612)
Citation 1

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Exchange-Traded Funds, Vote Premium, Proxy Voting, Short Interest, Operational Shorting, Authorized Participants

28.

Operating Lease Obligations and Corporate Cash Management

Number of pages: 36 Posted: 06 Jun 2017 Last Revised: 07 Jun 2021
Douglas O. Cook, Robert L. Kieschnick and Rabih Moussawi
University of Alabama - Culverhouse College of Commerce & Business Administration, University of Texas at Dallas and Villanova University - Department of Finance
Downloads 100 (575,299)

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Operating Leases, Cash Management

29.

The Influence of Industry Characteristics on Corporate Charters and Bylaws

Number of pages: 27 Posted: 22 Jul 2014
Robert L. Kieschnick, Rabih Moussawi and Qian Mao
University of Texas at Dallas, Villanova University - Department of Finance and Kean University - School of Accounting and Finance
Downloads 84 (642,002)

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corporate charter, bylaws, corporate governance

30.

An Improved Method to Predict Assignment of Stocks into Russell Indexes

NBER Working Paper No. w26370
Number of pages: 42 Posted: 14 Oct 2019 Last Revised: 22 Jul 2023
Itzhak Ben-David, Francesco A. Franzoni and Rabih Moussawi
Ohio State University (OSU) - Department of Finance, Universita della Svizzera Italiana (USI Lugano) and Villanova University - Department of Finance
Downloads 70 (711,896)

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31.

Banking Relationships, Issuer Reputations, Corporate Bond Design

Number of pages: 46 Posted: 25 Jul 2024
Douglas Cook, Robert L. Kieschnick and Rabih Moussawi
University of Alabama - Culverhouse College of Commerce & Business Administration, University of Texas at Dallas and Villanova University - Department of Finance
Downloads 29 (1,044,032)

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Corporate bonds, bond design, reputation, asymmetric information

32.

Exchange-Traded Funds

Annual Review of Financial Economics, Vol. 9, pp. 169-189, 2017
Posted: 03 Jan 2018
Itzhak Ben-David, Francesco A. Franzoni and Rabih Moussawi
Ohio State University (OSU) - Department of Finance, Universita della Svizzera Italiana (USI Lugano) and Villanova University - Department of Finance

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