Details about Clemens Sialm

Access statistics for papers by Clemens Sialm.

Last updated 2025-01-06. Update your information in the RePEc Author Service.

Short-id: psi59

Working Papers

2022

1. Mutual Fund Revenue Sharing in 401(k) Plans
   NBER Working Papers, National Bureau of Economic Research, Inc
2. Non-Fundamental Flows and Foreign Exchange Rates
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2021

3. Currency Management by International Fixed Income Mutual Funds
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
   See also Journal Article Currency Management by International Fixed‐Income Mutual Funds, Journal of Finance, American Finance Association (2024) (2024)
4. Replicating the Dow Jones Industrial Average
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
5. The Effect of Principal Reduction on Household Distress: Evidence from Mortgage Cramdown
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)

2020

6. How Global is Your Mutual Fund? International Diversification from Multinationals
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
   See also Journal Article How Global Is Your Mutual Fund? International Diversification from Multinationals, The Review of Financial Studies, Society for Financial Studies (2022) View citations (5) (2022)
7. Out of Sight No More? The Effect of Fee Disclosures on 401(k) Investment Allocations
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
   Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2020)
   See also Journal Article Out of sight no more? The effect of fee disclosures on 401(k) investment allocations, Journal of Financial Economics, Elsevier (2021) View citations (4) (2021)

2019

8. Institutional Trading Around M&A Announcements
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)

2017

9. Government Debt and Corporate Leverage: International Evidence
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
   See also Journal Article Government debt and corporate leverage: International evidence, Journal of Financial Economics, Elsevier (2019) View citations (60) (2019)

2016

10. Coordinated Noise Trading: Evidence from Pension Fund Reallocations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)

2015

11. Are 401(k) Investment Menus Set Solely for Plan Participants?
    Issues in Brief, Center for Retirement Research
12. Tax-Efficient Asset Management: Evidence from Equity Mutual Funds
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Journal Article Tax‐Efficient Asset Management: Evidence from Equity Mutual Funds, Journal of Finance, American Finance Association (2020) View citations (5) (2020)

2014

13. Defined Contribution Pension Plans: Sticky or Discerning Money?
    Discussion Papers, Stanford Institute for Economic Policy Research View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (3)
    See also Journal Article Defined Contribution Pension Plans: Sticky or Discerning Money?, Journal of Finance, American Finance Association (2015) View citations (51) (2015)
14. It Pays to Set the Menu: Mutual Fund Investment Options in 401(k) Plans
    Discussion Papers, Stanford Institute for Economic Policy Research View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (2)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2014) View citations (1)
    See also Journal Article It Pays to Set the Menu: Mutual Fund Investment Options in 401(k) Plans, Journal of Finance, American Finance Association (2016) View citations (31) (2016)

2013

15. Home Bias and Local Contagion: Evidence from Funds of Hedge Funds
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    See also Journal Article Home Bias and Local Contagion: Evidence from Funds of Hedge Funds, The Review of Financial Studies, Society for Financial Studies (2020) View citations (16) (2020)

2011

16. Complex Mortgages
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (2010) View citations (3)
    See also Journal Article Complex Mortgages*, Review of Finance, European Finance Association (2018) View citations (2) (2018)
17. Spillover Effects in Mutual Fund Companies
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article Spillover Effects in Mutual Fund Companies, Management Science, INFORMS (2016) View citations (22) (2016)

2009

18. Mutual Fund Tax Clienteles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article Mutual Fund Tax Clienteles, Journal of Finance, American Finance Association (2012) View citations (52) (2012)
19. Risk Shifting and Mutual Fund Performance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Journal Article Risk Shifting and Mutual Fund Performance, The Review of Financial Studies, Society for Financial Studies (2011) View citations (155) (2011)

2006

20. Investment Taxes and Equity Returns
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
21. The Tradeoff Between Mortgage Prepayments and Tax-Deferred Retirement Savings
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (2006) View citations (4)
    See also Chapter The Tradeoff between Mortgage Prepayments and Tax-deferred Retirement Savings, NBER Chapters, National Bureau of Economic Research, Inc (2007) View citations (32) (2007)
    Journal Article The tradeoff between mortgage prepayments and tax-deferred retirement savings, Journal of Public Economics, Elsevier (2007) View citations (33) (2007)

2005

22. Tax Changes and Asset Pricing: Time-Series Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
23. Unobserved Actions of Mutual Funds
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article Unobserved Actions of Mutual Funds, The Review of Financial Studies, Society for Financial Studies (2008) View citations (234) (2008)

2004

24. On the Industry Concentration of Actively Managed Equity Mutual Funds
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    See also Journal Article On the Industry Concentration of Actively Managed Equity Mutual Funds, Journal of Finance, American Finance Association (2005) View citations (379) (2005)
25. PIPE Dreams? The Performance of Companies Issuing Equity Privately
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
26. Portfolio Concentration and the Performance of Individual Investors
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    See also Journal Article Portfolio Concentration and the Performance of Individual Investors, Journal of Financial and Quantitative Analysis, Cambridge University Press (2008) View citations (117) (2008)

2002

27. Stochastic Taxation and Asset Pricing in Dynamic General Equilibrium
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article Stochastic taxation and asset pricing in dynamic general equilibrium, Journal of Economic Dynamics and Control, Elsevier (2006) View citations (39) (2006)

2000

28. Asset Location for Retirement Savers
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
29. Tax Externalities of Equity Mutual Funds
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)
    See also Journal Article Tax Externalities of Equity Mutual Funds, National Tax Journal, National Tax Association (2000) View citations (26) (2000)

1999

30. Asset Location in Tax-Deferred and Conventional Savings Accounts
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    See also Journal Article Asset location in tax-deferred and conventional savings accounts, Journal of Public Economics, Elsevier (2004) View citations (27) (2004)

Journal Articles

2024

1. Currency Management by International Fixed‐Income Mutual Funds
   Journal of Finance, 2024, 79, (6), 4037-4081
   See also Working Paper Currency Management by International Fixed Income Mutual Funds, NBER Working Papers (2021) View citations (5) (2021)

2022

2. How Global Is Your Mutual Fund? International Diversification from Multinationals
   The Review of Financial Studies, 2022, 35, (7), 3337-3372 View citations (5)
   See also Working Paper How Global is Your Mutual Fund? International Diversification from Multinationals, NBER Working Papers (2020) View citations (2) (2020)

2021

3. Out of sight no more? The effect of fee disclosures on 401(k) investment allocations
   Journal of Financial Economics, 2021, 141, (2), 644-668 View citations (4)
   See also Working Paper Out of Sight No More? The Effect of Fee Disclosures on 401(k) Investment Allocations, NBER Working Papers (2020) View citations (1) (2020)

2020

4. Home Bias and Local Contagion: Evidence from Funds of Hedge Funds
   The Review of Financial Studies, 2020, 33, (10), 4771-4810 View citations (16)
   See also Working Paper Home Bias and Local Contagion: Evidence from Funds of Hedge Funds, NBER Working Papers (2013) View citations (4) (2013)
5. Tax‐Efficient Asset Management: Evidence from Equity Mutual Funds
   Journal of Finance, 2020, 75, (2), 735-777 View citations (5)
   See also Working Paper Tax-Efficient Asset Management: Evidence from Equity Mutual Funds, NBER Working Papers (2015) View citations (5) (2015)
6. The Tax Benefits of Separating Alpha from Beta
   Financial Analysts Journal, 2020, 76, (1), 38-61 View citations (1)

2019

7. Government debt and corporate leverage: International evidence
   Journal of Financial Economics, 2019, 133, (2), 337-356 View citations (60)
   See also Working Paper Government Debt and Corporate Leverage: International Evidence, NBER Working Papers (2017) View citations (4) (2017)

2018

8. Complex Mortgages*
   (Why don’t lenders renegotiate more home mortgages? Redefaults, self-cures, and securitization)
   Review of Finance, 2018, 22, (6), 1975-2007 View citations (2)
   See also Working Paper Complex Mortgages, NBER Working Papers (2011) View citations (6) (2011)
9. Destabilizing Financial Advice: Evidence from Pension Fund Reallocations
   The Review of Financial Studies, 2018, 31, (10), 3720-3755 View citations (16)
10. Taxes, Shorting, and Active Management
    Financial Analysts Journal, 2018, 74, (1), 88-107

2016

11. It Pays to Set the Menu: Mutual Fund Investment Options in 401(k) Plans
    Journal of Finance, 2016, 71, (4), 1779-1812 View citations (31)
    See also Working Paper It Pays to Set the Menu: Mutual Fund Investment Options in 401(k) Plans, Discussion Papers (2014) View citations (1) (2014)
12. Spillover Effects in Mutual Fund Companies
    Management Science, 2016, 62, (5), 1472-1486 View citations (22)
    See also Working Paper Spillover Effects in Mutual Fund Companies, NBER Working Papers (2011) (2011)

2015

13. Defined Contribution Pension Plans: Mutual Fund Asset Allocation Changes
    American Economic Review, 2015, 105, (5), 432-36 View citations (25)
14. Defined Contribution Pension Plans: Sticky or Discerning Money?
    Journal of Finance, 2015, 70, (2), 805-838 View citations (51)
    See also Working Paper Defined Contribution Pension Plans: Sticky or Discerning Money?, Discussion Papers (2014) View citations (3) (2014)

2012

15. Mutual Fund Tax Clienteles
    Journal of Finance, 2012, 67, (4), 1397-1422 View citations (52)
    See also Working Paper Mutual Fund Tax Clienteles, NBER Working Papers (2009) View citations (2) (2009)

2011

16. Risk Shifting and Mutual Fund Performance
    The Review of Financial Studies, 2011, 24, (8), 2575-2616 View citations (155)
    See also Working Paper Risk Shifting and Mutual Fund Performance, NBER Working Papers (2009) View citations (5) (2009)

2009

17. Hedge Funds as Investors of Last Resort?
    The Review of Financial Studies, 2009, 22, (2), 541-574 View citations (75)
18. Tax Changes and Asset Pricing
    American Economic Review, 2009, 99, (4), 1356-83 View citations (82)

2008

19. Portfolio Concentration and the Performance of Individual Investors
    Journal of Financial and Quantitative Analysis, 2008, 43, (3), 613-655 View citations (117)
    See also Working Paper Portfolio Concentration and the Performance of Individual Investors, NBER Working Papers (2004) View citations (13) (2004)
20. Unobserved Actions of Mutual Funds
    The Review of Financial Studies, 2008, 21, (6), 2379-2416 View citations (234)
    See also Working Paper Unobserved Actions of Mutual Funds, NBER Working Papers (2005) (2005)

2007

21. The tradeoff between mortgage prepayments and tax-deferred retirement savings
    Journal of Public Economics, 2007, 91, (10), 2014-2040 View citations (33)
    See also Chapter The Tradeoff between Mortgage Prepayments and Tax-deferred Retirement Savings, NBER Chapters, 2007, 2014-2040 (2007) View citations (32) (2007)
    Working Paper The Tradeoff Between Mortgage Prepayments and Tax-Deferred Retirement Savings, NBER Working Papers (2006) View citations (4) (2006)

2006

22. Stochastic taxation and asset pricing in dynamic general equilibrium
    Journal of Economic Dynamics and Control, 2006, 30, (3), 511-540 View citations (39)
    See also Working Paper Stochastic Taxation and Asset Pricing in Dynamic General Equilibrium, NBER Working Papers (2002) View citations (1) (2002)

2005

23. On the Industry Concentration of Actively Managed Equity Mutual Funds
    Journal of Finance, 2005, 60, (4), 1983-2011 View citations (379)
    See also Working Paper On the Industry Concentration of Actively Managed Equity Mutual Funds, NBER Working Papers (2004) View citations (9) (2004)

2004

24. Asset location in tax-deferred and conventional savings accounts
    Journal of Public Economics, 2004, 88, (1-2), 23-38 View citations (27)
    See also Working Paper Asset Location in Tax-Deferred and Conventional Savings Accounts, NBER Working Papers (1999) View citations (6) (1999)

2000

25. Tax Externalities of Equity Mutual Funds
    National Tax Journal, 2000, 53, (3), 607-28 View citations (26)
    See also Working Paper Tax Externalities of Equity Mutual Funds, NBER Working Papers (2000) View citations (26) (2000)

Chapters

2007

1. The Tradeoff between Mortgage Prepayments and Tax-deferred Retirement Savings
   A chapter in Public Policy and Retirement, Trans-Atlantic Public Economics Seminar (TAPES), 2007, pp 2014-2040 View citations (32)
   See also Journal Article The tradeoff between mortgage prepayments and tax-deferred retirement savings, Elsevier (2007) View citations (33) (2007)
   Working Paper The Tradeoff Between Mortgage Prepayments and Tax-Deferred Retirement Savings, National Bureau of Economic Research, Inc (2006) View citations (4) (2006)