Donald B. Keim

University of Pennsylvania - Wharton School

Professor of Finance

The Wharton School

3620 Locust Walk

Philadelphia, PA 19104

United States

  • University of Pennsylvania - Wharton School

    • Email
    • Tel: 215-898-7685
    • Fax: 215-898-6200
SCHOLARLY PAPERS

24

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168

CROSSREF CITATIONS

81

Scholarly Papers (24)

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1.

Passive Investors, Not Passive Owners

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 77 Posted: 03 Aug 2014 Last Revised: 15 Mar 2016
Ian Appel, Todd A. Gormley and Donald B. Keim
Boston College - Carroll School of Management, Washington University in St. Louis and University of Pennsylvania - Wharton School
Downloads 4,616 (2,242)
Citation 95

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corporate governance, institutional ownership, passive funds, performance

2.

Standing on the Shoulders of Giants: The Effect of Passive Investors on Activism

Downloads 2,524 ( 6,226)
Citation 30

Standing on the Shoulders of Giants: The Effect of Passive Investors on Activism

Number of pages: 70 Posted: 01 Mar 2016 Last Revised: 15 Jul 2018
Ian Appel, Todd A. Gormley and Donald B. Keim
Boston College - Carroll School of Management, Washington University in St. Louis and University of Pennsylvania - Wharton School
Downloads 2,491 (6,234)
Citation 5

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activism, passive funds, corporate control, proxy fights

Standing on the Shoulders of Giants: The Effect of Passive Investors on Activism

NBER Working Paper No. w22707
Number of pages: 55 Posted: 03 Oct 2016
Ian Appel, Todd A. Gormley and Donald B. Keim
Boston College - Carroll School of Management, Washington University in St. Louis and University of Pennsylvania - Wharton School
Downloads 33 (545,315)
Citation 27

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3.

Identification Using Russell 1000/2000 Index Assignments: A Discussion of Methodologies

Critical Finance Review, Forthcoming
Number of pages: 65 Posted: 10 Aug 2015 Last Revised: 26 Oct 2020
Ian Appel, Todd A. Gormley and Donald B. Keim
Boston College - Carroll School of Management, Washington University in St. Louis and University of Pennsylvania - Wharton School
Downloads 1,302 (17,989)
Citation 14

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instrumental estimation, regression discontinuity, Russell indexes

4.

Institutional Investors and Stock Market Liquidity: Trends and Relationships

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 43 Posted: 18 Sep 2012
Marshall E. Blume and Donald B. Keim
University of Pennsylvania - Finance Department and University of Pennsylvania - Wharton School
Downloads 1,267 (18,737)
Citation 45

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Institutional investors, Institutional stock ownership, SEC 13F filings, Hedge funds

5.

First to 'Read' the News: News Analytics and High Frequency Trading

Paris December 2015 Finance Meeting EUROFIDAI - AFFI
Number of pages: 58 Posted: 18 Nov 2013 Last Revised: 28 Oct 2015
Bastian von Beschwitz, Donald B. Keim and Massimo Massa
Board of Governors of the Federal Reserve System, University of Pennsylvania - Wharton School and INSEAD - Finance
Downloads 822 (35,040)
Citation 7

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Liquidity, Stock Price Reaction, News Analytics, Information, High Frequency Trading

6.

Simplifying Choices in Defined Contribution Retirement Plan Design

Downloads 704 ( 43,304)
Citation 2

Simplifying Choices in Defined Contribution Retirement Plan Design

Number of pages: 34 Posted: 02 Dec 2015
Donald B. Keim and Olivia S. Mitchell
University of Pennsylvania - Wharton School and University of Pennsylvania - The Wharton School
Downloads 675 (45,200)
Citation 1

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Retirement saving; default investment; pension; portfolio allocation; choice overload

Simplifying Choices in Defined Contribution Retirement Plan Design

NBER Working Paper No. w21854
Number of pages: 35 Posted: 12 Jan 2016 Last Revised: 20 Mar 2021
Donald B. Keim and Olivia S. Mitchell
University of Pennsylvania - Wharton School and University of Pennsylvania - The Wharton School
Downloads 29 (568,601)
Citation 1

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7.

Valuable Information and Costly Liquidity: Evidence from Individual Mutual Fund Trades

Number of pages: 36 Posted: 05 Feb 2007
Susan Kerr Christoffersen, Donald B. Keim and David K. Musto
University of Toronto - Rotman School of Management, University of Pennsylvania - Wharton School and University of Pennsylvania - Finance Department
Downloads 487 (69,445)
Citation 28

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mutual funds, trading, trading costs

8.

Stale or Sticky Prices? Non-Trading, Predictability and Mutual Fund Returns

Rodney L. White Center for Financial Research Working Paper No. 23-06
Number of pages: 34 Posted: 06 Sep 2006
Marshall E. Blume and Donald B. Keim
University of Pennsylvania - Finance Department and University of Pennsylvania - Wharton School
Downloads 340 (105,754)
Citation 2

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9.

Packaging Liquidity: Blind Auctions and Transaction Cost Efficiencies

Rodney L. White Center Finance Working Paper
Number of pages: 43 Posted: 16 Aug 2002
Donald B. Keim and Kenneth A. Kavajecz
University of Pennsylvania - Wharton School and Edgewood College
Downloads 330 (109,354)
Citation 10

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10.

The Changing Preferences of Institutional Investors for Common Stocks

Number of pages: 35 Posted: 29 Mar 2014
Marshall E. Blume and Donald B. Keim
University of Pennsylvania - Finance Department and University of Pennsylvania - Wharton School
Downloads 243 (150,316)
Citation 3

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Institutional investors, Institutional stock ownership, SEC 13F filings, Hedge funds

11.

Passive-Aggressive Trading: The Supply and Demand of Liquidity by Mutual Funds

Rotman School of Management Working Paper No. 3137465
Number of pages: 40 Posted: 10 Mar 2018
Susan Kerr Christoffersen, Donald B. Keim, David K. Musto and Aleksandra Rzeźnik
University of Toronto - Rotman School of Management, University of Pennsylvania - Wharton School, University of Pennsylvania - Finance Department and York University, Schulich School of Business
Downloads 222 (164,066)
Citation 3

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12.

Changing Institutional Preferences for Stocks: Direct and Indirect Evidence

Number of pages: 35 Posted: 18 Mar 2011
Marshall E. Blume and Donald B. Keim
University of Pennsylvania - Finance Department and University of Pennsylvania - Wharton School
Downloads 187 (192,220)
Citation 4

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Institutional investors, Institutional stock ownership, SEC 13f filings, hedge funds

13.

First to "Read" the News: New Analytics and Algorithmic Trading

FRB International Finance Discussion Paper No. 1233
Number of pages: 67 Posted: 06 Aug 2018 Last Revised: 29 Apr 2020
Bastian von Beschwitz, Donald B. Keim and Massimo Massa
Board of Governors of the Federal Reserve System, University of Pennsylvania - Wharton School and INSEAD - Finance
Downloads 184 (194,922)
Citation 2

Abstract:

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Stock Price Reaction, News Analytics, High Frequency Trading, Press Releases

14.

Simplifying Choices in Defined Contribution Retirement Plan Design: A Case Study

CFS Working Paper, No. 573
Number of pages: 40 Posted: 20 Sep 2017 Last Revised: 18 Jan 2018
Donald B. Keim and Olivia S. Mitchell
University of Pennsylvania - Wharton School and University of Pennsylvania - The Wharton School
Downloads 61 (416,116)
Citation 6

Abstract:

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Retirement saving; default investment; pension; portfolio allocation; choice overload

15.

First to 'Read' the News: News Analytics and Institutional Trading

CEPR Discussion Paper No. DP10534
Number of pages: 67 Posted: 13 Apr 2015
Bastian von Beschwitz, Donald B. Keim and Massimo Massa
Board of Governors of the Federal Reserve System, University of Pennsylvania - Wharton School and INSEAD - Finance
Downloads 1 (757,682)
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Information, Institutional Trading, Stock Price Reaction, Textual Analysis

16.

On the Predictability of Common Stock Returns: World-Wide Evidence

Rodney L. White Center Working Paper No. 22-94
Posted: 08 Sep 1999
Gabriel Hawawini and Donald B. Keim
INSEAD - Finance and University of Pennsylvania - Wharton School

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17.

Direct Evidence of Non-Trading of NYSE and Amex Stocks

Rodney L White Center for Financial Research Working Paper Number 19-93
Posted: 26 Aug 1999
Stephen R. Foerster and Donald B. Keim
University of Western Ontario - Richard Ivey School of Business and University of Pennsylvania - Wharton School

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18.

Anatomy of the Trading Process: Empirical Evidence on the Behavior of Institutional Traders

Posted: 14 May 1998
Donald B. Keim and Ananth Madhavan
University of Pennsylvania - Wharton School and BlackRock, Inc.

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19.

Execution Costs and Investment Performance: An Empirical Analysis of Institutional Equity Trades

Rodney L. White Center Working Paper No. 26-94
Posted: 14 May 1998
Donald B. Keim and Ananth Madhavan
University of Pennsylvania - Wharton School and BlackRock, Inc.

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20.

The Cost of Institutional Equity Trades: An Overview

Rodney L. White Center for Financial Research Working Paper Series #8-98
Posted: 06 May 1998
Donald B. Keim and Ananth Madhavan
University of Pennsylvania - Wharton School and BlackRock, Inc.

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21.

An Analysis of Mutual Fund Design: The Case of Investing in Small-Cap Stocks

Rodney L. White Center Working Paper Series No. 5-98
Posted: 06 May 1998
Donald B. Keim
University of Pennsylvania - Wharton School

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22.

The Information Contained in Stock Exchange Seat Prices

Rodney L. White Center for Financial Research Working Paper Series 7-98
Posted: 29 Apr 1998
Donald B. Keim and Ananth Madhavan
University of Pennsylvania - Wharton School and BlackRock, Inc.

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23.

The Cross Section of Common Stock Returns: A Review of the Evidence and Some New Findings

Rodney L. White Center Working Paper No. 08-99
Posted: 18 Nov 1997
Donald B. Keim and Gabriel Hawawini
University of Pennsylvania - Wharton School and INSEAD - Finance

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24.

The Upstairs Market for Large-Block Transactions: Analysis and Measurement of Price Effects

Downloads 0 (775,736)

The Upstairs Market for Large-Block Transactions: Analysis and Measurement of Price Effects

REVIEW OF FINANCIAL STUDIES, Vol. 9 No. 1
Posted: 29 Nov 1995
Donald B. Keim and Ananth Madhavan
University of Pennsylvania - Wharton School and BlackRock, Inc.

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The Upstairs Market for Large-Block Transactions: Analysis and Measurement of Price Effects

Posted: 16 May 1994
Donald B. Keim and Ananth Madhavan
University of Pennsylvania - Wharton School and BlackRock, Inc.

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