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Alan Crane
View CV
Finance

Alan Crane

Associate Professor of Finance
Advisor to the Dean on Curriculum Innovation

Faculty
McNair Hall 359A
713-348-5393 alan.d.crane@rice.edu
Alan Crane
View CV
Finance

Alan Crane is an Associate Professor of Finance. He has degrees in economics, finance, and accounting and a PhD from the University of Texas at Austin. His research focuses on the interaction between institutional investors and corporations with an emphasis on those investors’ impact on corporate financial policies and their performance evaluation. He has published academic articles in the top finance journals such as Journal of Finance, Review of Financial Studies, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, and Management Science. Alan has presented research a number of major universities and conferences in both the U.S. and internationally, and his research has appeared in the popular press in such places as CNBC and Bloomberg. Alan’s teaching focuses on corporate finance and in particular corporate investment policy and project valuation. He has won multiple teaching awards, at both Rice and University of Texas. Prior to joining academia, Alan worked in consulting, focusing on risk-management of energy trading organizations and on specialized valuation of midstream energy assets.

Check out his website here.

Teaching Interests: 

  • Core Finance
  • Corporate investment policy
  • Corporate financial policy
  • Managerial economics

Research Interests: 

  • Empirical corporate finance
  • Institutional Investors
  • Governance

www.alancrane.com

Intellectual Contributions

Journal Article
Crane, Alan D. and Kevin Crotty. (2020). "How Skilled are Security Analysts?" The Journal of Finance, 75(3), 1629-1675.
Journal Article
Crane, Alan D., Kevin Crotty, Sébastien Michenaud, and Patricia Naranjo. (2019). "The Causal Effects of Short-Selling Bans: Evidence from Eligibility Thresholds" The Review of Asset Pricing Studies, 9(1), 137-170.
Journal Article
Crane, Alan D., Andrew Koch, and Sébastien Michenaud. (2019). "Institutional Investor Cliques and Governance" Journal of Financial Economics, 133(1), 175-197.
Journal Article
Back, Kerry, Alan D. Crane, and Kevin Crotty. (2018). "Skewness Consequences of Seeking Alpha" The Review of Financial Studies, 31(12), 4720-4761.
Journal Article
Crane, Alan D., Andrew Koch, and Chisehn Wei. (2018). "Choosing the Precision of Performance Metrics" Journal of Financial and Quantitative Analysis, 53(4), 1911-1935.
Journal Article
Crane, Alan D. and Kevin Crotty. (2018). "Passive versus Active Fund Performance: Do Index Funds Have Skill?" Journal of Financial and Quantitative Analysis, 53(1), 33--64.
Journal Article
Crane, Alan D. and Andrew Koch. (2018). "Shareholder Litigation and Ownership Structure: Evidence from a Natural Experiment." Management Science, 64(1), 5--23.
Journal Article
Crane, Alan D., Sébastien Michenaud, and James P. Weston. (2016). "The effect of institutional ownership on payout policy: Evidence from index thresholds." Review of Financial Studies, 29(6), 1377--1408.

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