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

  • Washington University in St. Louis - John M. Olin Business School

SCHOLARLY PAPERS

27

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Top 4,119

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13,330

SSRN CITATIONS
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SSRN RANKINGS

Top 1,915

in Total Papers Citations

242

CROSSREF CITATIONS

429

Scholarly Papers (27)

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1.

Conflicts of Interest and Stock Recommendations: The Effects of the Global Settlement and Related Regulations

Downloads 1,713 ( 14,002)

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
Leonardo Madureira, Ohad Kadan, Rong Wang and Tzachi Zach
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) - Department of Accounting & Management Information Systems
Downloads 1,713 (13,775)
Citation 33

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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
Ohad Kadan, Leonardo Madureira, Rong Wang and Tzachi Zach
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) - Department of Accounting & Management Information Systems

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G14, G24, G28

2.

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
Rutgers Business School - Rutgers University, Washington University in St. Louis - John M. Olin Business School and Tel Aviv University - Coller School of Management
Downloads 1,372 (19,632)
Citation 28

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liquidity, illiquidity, liquidity premium, stock returns

3.

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 1,348 (20,168)
Citation 21

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4.

Liquidity Cycles and Make/Take Fees in Electronic Markets

Downloads 1,130 ( 26,179)
Citation 50

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
Thierry Foucault, Ohad Kadan and Eugene Kandel
HEC Paris - Finance Department, Washington University in St. Louis - John M. Olin Business School and Hebrew University of Jerusalem - Department of Economics
Downloads 1,127 (25,878)
Citation 9

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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
Thierry Foucault, Ohad Kadan and Eugene Kandel
HEC Paris - Finance Department, Washington University in St. Louis - John M. Olin Business School and Hebrew University of Jerusalem - Department of Economics
Downloads 3 (865,475)
Citation 10
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algorithmic trading, duration clustering, Liquidity, make/take fees, monitoring, two-sided markets

5.

Limit Order Book as a Market for Liquidity

Downloads 1,020 ( 30,329)
Citation 140

Limit Order Book as a Market for Liquidity

Number of pages: 60 Posted: 30 May 2001
Thierry Foucault, Ohad Kadan and Eugene Kandel
HEC Paris - Finance Department, Washington University in St. Louis - John M. Olin Business School and Hebrew University of Jerusalem - Department of Economics
Downloads 997 (30,861)
Citation 19

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

Limit Order Book as a Market for Liquidity

Number of pages: 67 Posted: 11 Sep 2001
Thierry Foucault, Ohad Kadan and Eugene Kandel
HEC Paris - Finance Department, Washington University in St. Louis - John M. Olin Business School and Hebrew University of Jerusalem - Department of Economics
Downloads 23 (681,782)
Citation 35
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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
Thierry Foucault, Ohad Kadan and Eugene Kandel
HEC Paris - Finance Department, Washington University in St. Louis - John M. Olin Business School and Hebrew University of Jerusalem - Department of Economics

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brain metastases, HRQoL, stereotactic radiosurgery

6.

Asset Liquidity, and Stock Liquidity

Downloads 994 ( 31,438)
Citation 18

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
Radhakrishnan Gopalan, Ohad Kadan and Mikhail Pevzner
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 447 (88,293)
Citation 3

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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
Radhakrishnan Gopalan, Ohad Kadan and Mikhail Pevzner
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 297 (139,603)
Citation 2

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Managerial Decisions, Asset Liquidity, and Stock Liquidity

EFA 2009 Bergen Meetings Paper
Number of pages: 43 Posted: 16 Feb 2009
Radhakrishnan Gopalan, Ohad Kadan and Mikhail Pevzner
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 250 (166,487)

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Stock Liquidity, Asset Liquidity, Investment, Financing, Payout

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
Ohad Kadan, Leonardo Madureira, Rong Wang and Tzachi Zach
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) - Department of Accounting & Management Information Systems
Downloads 844 (39,596)
Citation 25

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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
Leonard N. Stern School of Business, New York University, Washington University in St. Louis - John M. Olin Business School and Hebrew University of Jerusalem - Department of Economics
Downloads 598 (62,322)
Citation 6

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9.

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
Ohad Kadan, Roni Michaely and Pamela C. Moulton
Washington University in St. Louis - John M. Olin Business School, The University of Hong Kong and Cornell University - SC Johnson College of Business
Downloads 511 (75,866)
Citation 7

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private information, analyst recommendations, institutional trading, individual trading

10.

Sell-Side Analysts’ Benchmarks

The Accounting Review, vol. 95, no. 1, pp. 211-232, 2020, AFA 2013 San Diego Meetings Paper
Number of pages: 45 Posted: 18 Nov 2011 Last Revised: 06 Jul 2021
Ohad Kadan, Leonardo Madureira, Rong Wang and Tzachi Zach
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) - Department of Accounting & Management Information Systems
Downloads 503 (77,373)
Citation 1

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Analysts; Benchmarks; Recommendations

11.

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

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 442 (90,258)
Citation 11

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12.

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
Leonard N. Stern School of Business, New York University, Washington University in St. Louis - John M. Olin Business School and Hebrew University of Jerusalem - Department of Economics
Downloads 365 (112,503)
Citation 10

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Earnings management, financial reporting, discontinuities

13.

A Bound on Expected Stock Returns

Review of Financial Studies, Forthcoming
Number of pages: 100 Posted: 01 Feb 2018 Last Revised: 23 Mar 2020
Ohad Kadan and Xiaoxiao Tang
Washington University in St. Louis - John M. Olin Business School and University of Texas at Dallas - School of Management - Department of Finance & Managerial Economics
Downloads 312 (133,104)
Citation 13

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14.

Recovering Implied Volatility

29th Annual Conference on Financial Economics & Accounting 2018
Number of pages: 51 Posted: 17 May 2017 Last Revised: 14 Oct 2019
Ohad Kadan, Fang Liu and Xiaoxiao Tang
Washington University in St. Louis - John M. Olin Business School, Cornell University and University of Texas at Dallas - School of Management - Department of Finance & Managerial Economics
Downloads 262 (159,511)

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15.

Performance Evaluation with High Moments and Disaster Risk

Journal of Financial Economics (JFE), Vol. 113, No. 1, 2014
Number of pages: 69 Posted: 15 Mar 2012 Last Revised: 22 Dec 2017
Ohad Kadan and Fang Liu
Washington University in St. Louis - John M. Olin Business School and Cornell University
Downloads 246 (169,667)
Citation 14

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Performance evaluation; Rare disasters; High distribution moments

16.

Liquidity and the Strategic Value of Information

Number of pages: 53 Posted: 09 Jul 2020 Last Revised: 07 Dec 2021
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 220 (188,717)

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value of information, liquidity, strategic trading, Covid-19

17.

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 207 (199,780)
Citation 2

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Double Auction, Affiliation, Single Crossing

18.

Generalized Systematic Risk

American Economic Journal: Microeconomics, Vol. 8, No. 2, 2016
Number of pages: 60 Posted: 02 Jun 2014 Last Revised: 22 Dec 2017
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 199 (207,153)
Citation 4

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Systematic risk, Risk measure

19.

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 177 (229,559)

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Executive Stock Options, Valuation

20.

Estimating the Value of Information

Number of pages: 83 Posted: 04 Jun 2016 Last Revised: 09 Jul 2020
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 160 (249,948)
Citation 11

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value of information, informativeness, options prices, recovery

21.

The True Colors of Money: Racial Diversity and Asset Management

Number of pages: 55 Posted: 02 Dec 2021 Last Revised: 01 Feb 2022
Lina Han, Xing Huang, Ohad Kadan and Jimmy Wu
Washington University in St. Louis - John M. Olin Business School, Washington University in St. Louis - Olin Business School, Washington University in St. Louis - John M. Olin Business School and Washington University in St. Louis - John M. Olin Business School
Downloads 154 (257,928)

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Racial/Ethnic Diversity, Mutual Funds, Social Identity Theory, In-group Bias, Flow-performance Sensitivity

22.

Recovering Conditional Factor Risk Premia

Number of pages: 44 Posted: 01 Apr 2021
Ohad Kadan, Fang Liu and Xiaoxiao Tang
Washington University in St. Louis - John M. Olin Business School, Cornell University and University of Texas at Dallas - School of Management - Department of Finance & Managerial Economics
Downloads 152 (260,695)

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23.

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 149 (264,936)

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24.

What Drives the Value of Financial Analysts’ Advice? The Role of Earnings and Growth Forecasts

Number of pages: 36 Posted: 21 Jun 2021
Ohad Kadan, Leonardo Madureira, Rong Wang and Tzachi Zach
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) - Department of Accounting & Management Information Systems
Downloads 133 (289,321)

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25.

Do Proprietary Traders Provide Liquidity?

Swiss Finance Institute Research Paper No. 20-109
Number of pages: 42 Posted: 17 Nov 2020 Last Revised: 02 Mar 2022
Nittai Bergman, Ohad Kadan, Roni Michaely and Pamela C. Moulton
Tel Aviv University - Berglas School of Economics, Washington University in St. Louis - John M. Olin Business School, The University of Hong Kong and Cornell University - SC Johnson College of Business
Downloads 95 (365,449)

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Liquidity, Proprietary Traders, Volcker Rule

26.

A Rational Expectations Theory of the Kink in Earnings Reports

Number of pages: 42 Posted: 01 Nov 2004
Ilan Guttman, Ohad Kadan and Eugene Kandel
Leonard N. Stern School of Business, New York University, Washington University in St. Louis - John M. Olin Business School and Hebrew University of Jerusalem - Department of Economics
Downloads 24 (654,262)
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Managerial compensation, stock-based compensation, earnings reports, earnings management, analysts forecasts

27.

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

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