Alan David Crane

William S. Mackey, Jr. & Verne F. Simons Distinguished Assistant Professor of Finance

Alan Crane is the William S. Mackey, Jr. & Verne F. Simons Distinguished Assistant Professor of Finance at Rice University. He joined the faculty in July 2010. Prior to that, he did his graduate studies at the McCombs School of Business at the University of Texas at Austin. His research focuses on the role institutions play in financial policy decisions of firms and the investment performance of those institutions. He has examined issues related to corporate governance, payout policy, and mutual fund performance. He currently teaches the core finance course in the professional MBA programs. Previously, Alan worked in consulting, specializing in real option valuation of energy assets and back office energy trading risk management.

Teaching Interests: 

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

Research Interests: 

-Empirical corporate finance
-Institutional Investors
-Governance

Intellectual Contributions

Journal Article

Crane, A.D. & Crotty, K. (2016). Passive versus Active Fund Performance: Do Index Funds Have Skill? Journal of Financial and Quantitative Analysis. doi:10.2139/ssrn.2467102

Journal Article

Crane, A.D. & Koch, A. (Forthcoming). Shareholder Litigation and Ownership Structure: Evidence from a Natural Experiment. Mangagement Science. doi:10.1287/mnsc.2016.2561

Journal Article

Weston, J., Crane, A.D., & Michenaud, S. (2015). The Effect of Institutional Ownership on Payout Policy: Evidence from Index Thresholds. Review of Financial Studies, 29(6), 1377-1408. doi:10.1093/rfs/hhw012