Martijn Cremers
University of Notre Dame
138 Papers
1.1K Citations
Martijn Cremers is an academic researcher from University of Notre Dame. The author has contributed to research in topics: Corporate governance & Mutual fund. The author has an hindex of 48, co-authored 137 publications. Previous affiliations of Martijn Cremers include Mendoza College of Business & Yale University.
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Papers
How Active Is Your Fund Manager? A New Measure That Predicts Performance
Martijn Cremers,Antti Petajisto +1 more
TL;DR: Active Share as discussed by the authors is defined as the share of portfolio holdings that differ from the benchmark index holdings, i.e., the percentage of shares held by a portfolio holder that is different from the percentage held by the entire portfolio.
Governance Mechanisms and Equity Prices
Martijn Cremers,Vinay B. Nair +1 more
TL;DR: In this paper, the authors investigate how the market for corporate control (external governance) and shareholder activism (internal governance) interact and show that the complementarity effect exists for firms with lower industry-adjusted leverage and is stronger for smaller firms.
1.2K
How Active is Your Fund Manager? A New Measure That Predicts Performance
TL;DR: Active Share as mentioned in this paper is a measure of active portfolio management, which represents the share of portfolio holdings that differ from the benchmark index holdings, and it has been shown that funds with the highest active share significantly outperform their benchmarks.
1K
The CEO pay slice
TL;DR: In this article, the authors investigate the relation between the CEO Pay Slice (CPS) and the value, performance, and behavior of public firms and find that, controlling for all standard controls, CPS is negatively associated with firm value as measured by industry-adjusted Tobin's q.
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•Posted Content
Deviations from Put-Call Parity and Stock Return Predictability
Martijn Cremers,David Weinbaum +1 more
TL;DR: In this paper, the difference in implied volatility between pairs of call and put options is used to measure deviations from put-call parity, and the authors find that stocks with relatively expensive calls outperform stocks with comparatively expensive puts by 51 basis points per week.
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