Lucian Taylor

Research

Working

Published or Forthcoming

Fund Tradeoffs

Joint with Lubos Pastor, Robert F. Stambaugh

Journal of Financial Economics, forthcoming
Download our data (zip file including documentation)
Internet Appendix

Winner of the QMA Award for Best Paper on Investment Management at the 2018 WFA. Winner of the Jacobs Levy Center Research Paper Prize for Best Paper, 2018. Co-winner of the Marshall Blume Prize in Financial Research, 2019. AQR Insight Award, Honorable Mention, 2019. 

Inefficiencies and Externalities from Opportunistic Acquirers

Joint with Di Li, Wenyu Wang

Journal of Financial Economics, 2018, 130: 265-290
Online Appendix

Short summary featured in the Harvard Law School Forum on Corporate Governance and Financial Regulation (April 2016).

Do Funds Make More When They Trade More?

Joint with Lubos Pastor, Robert F. Stambaugh

Journal of Finance, 2017, 72:1483-1528
Online Appendix

A one-page summary, Capital Ideas, July 2015.

Scale and Skill in Active Management

Joint with Lubos Pastor, Robert F. Stambaugh

Journal of Financial Economics, 2015, 116: 23-45
Data Appendix
Online Appendix

Winner of the 2015 Fama/DFA Prize for best paper at the JFE (first place). Winner of the 2014 Best Paper Award, Rothschild Caesarea Center 11th Annual Academic Conference. Winner of the 2014 Marshall Blume Prize in Financial Research for the best Wharton working paper (honorable mention). Winner of the 2014 Jacobs Levy Center Research Paper Prize for Best Paper. A one-page summary, Capital Ideas, March 2014.   Featured in the NBER Digest (June, 2014), Wall Street Journal (February 22, 2014), Morningstar’s Rekenthaler Report (a four-part series: Part 1, Part 2, Part 3, Part 4), CNN Money (March 2, 2014),Seeking Alpha (February 19, 2014), International Financing Review (February 26, 2014), Parkiet(February 25, 2014; in Polish).

CEO Wage Dynamics: Estimates from a Learning Model

Journal of Financial Economics, 2013, 108(1): 79-98
Technical Appendix

Work in Progress