K.J. Martijn Cremers joined the University of Notre Dame as Professor of Finance in 2012. Prior to that, he was a faculty at Yale School of Management from 2002 – 2012 after obtaining his PhD in finance from the Stern School of Business at New York University. Hailing from the Netherlands, his undergraduate degree in Econometrics is from the VU University Amsterdam (1993-1997).
Professor Cremers' research focuses on empirical issues in investments and corporate governance. His academic work has been published in top academic journals such as the Journal of Finance, the Review of Financial Studies, the Journal of Financial Economics, Stanford Law Review and Northwestern Law Review. His research has also been covered in newspapers like the Wall Street Journal, the Financial Times and numerous others.
He is an Associate Editor at the Review of Finance (2010-) and previously was an Associate Editor of the Review of Financial Studies and of European Financial Management.
At Notre Dame, he teaches courses on investments and corporate governance to MBA and undergraduate students.
His paper “How active is your fund manager? A new measure that predicts performance” (published in 2009 in the Review of Financial Studies) introduced a measure of active management named ‘Active Share’, which is based on a comparison of the holdings of a fund with those of its benchmark. The ‘Active Share’ measure has become widely used in the financial industry and was e.g. incorporated in Morningstar Direct and FactSet.
"CEO Pay Redux", (With Saura Masconale, Simone Sepe), Texas Law Review, 96, 2017
"Institutional Investors, Corporate Governance and Firm Value", (With Simone Sepe), Seattle University Law Review, forthcoming - Accepted (awaiting publication)
"Activist Hedge Funds and the Corporation", (With Simone Sepe, Saura Masconale), Washington University Law Review, 94, 2016
"Second-place Winner, 2013 SPIVA (‘S&P Indices Versus Active’) Research Awards", SPIVA (‘S&P Indices Versus Active’) Research Awards, 2014
"Winner of the Best Academic Paper award at the 2014 annual corporate governance symposium", the University of Delaware’s John L. Weinberg Center for Corporate Governance , 2014
"Investor Responsibility Research Center (IRRC) Institute, Research Grant, 2013-2014", Investor Responsibility Research Center (IRRC) Institute, 2013
"Q Group (The Institute for Quantitative Research in Finance) Research Grant, 2013-2014 for “Patient Capital Outperformance”", Q Group, 2013
"Winner of the Journal of Investment Consulting’s 2013 academic paper competition for “Emerging Market Outperformance: Public‐Traded Affiliates of Multinational Corporations”", Journal of Investment Consulting, 2013
"Inquire Europe Research Grant for “Can Large Pension Funds Beat the Market? Asset Allocation, Market Timing, Security Selection and the Limits of Liquidity”", Inquire Europe, 2012
"Outstanding Investments Paper award for “Can Large Pension Funds Beat the Market?"", Eastern Finance Association , 2012
"Pension Fund Research Grant", Rotman International Centre for Pension Management (ICPM, University of Toronto) , 2012
"Academic Competition Award (2nd place) for “Short-Term Trading and Stock Return Anomalies: Momentum, Reversal and Share Issuance”", Chicago Quantitative Alliance (CQA) , 2010
"Distinguished Referee Award", Review of Financial Studies, 2010
"Inquire Europe Research Grant", Inquire Europe, 2010
"Pension Funds Research Grant", Rotman International Centre for Pension Management (ICPM, University of Toronto) , 2010
"Roger F. Murray Prize 2010 (3rd place) for the best paper presentation at the Q group conferences in 2009 for “Should Benchmark Indices Have Alpha? Revisiting Performance Evaluation”", Q group, 2010
"Finalist for Wheeler Award for Quantitative and Behavioral Research in Finance for “Should Benchmark Indices Have Alpha? Revisiting Performance Evaluation”", Numeric Investors, 2008
"Robert C. Clark Corporate Governance Fund Research Grant ($100,000, with Allen Ferrell) for coding data for “Thirty years of shareholder rights and firm valuation”", Harvard Law School, 2008
"Winner (first price) of the Wheeler Award for Quantitative and Behavioral Research in Finance, for “Deviations from Put-Call Parity and Stock Return Predictability”", Numeric Investors, 2008
"Crowell Memorial Prize Award (3rd place) for “Deviations from Put-Call Parity and Stock Return Predictability”", PanAgora Asset Management, 2007
"Best paper award at the 2006 Financial Research Association annual meeting in Las Vegas for “How active is your fund manager?”", Financial Research Association , 2006
"Finalist for the Smith Breeden Prize for the best paper published in the Journal of Finance in 2005", Journal of Finance, 2006
"BSI/Gamma Foundation Research Grant", BSI/Gamma Foundation, 2002
"Crowell Memorial Prize Award (2nd place)", PanAgora Asset Management, 2001