Presidential Address: Investment Noise and Trends

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Scale and Skill in Active Management (2014, background): “For example, Stambaugh (2014) suggests a role for individual equity ownership.”
Do ETFs Increase Volatility? (2018, unknown): “Furthermore, Stambaugh (2014) argues that the rise in passive investing is symptomatic of improved market efficiency, as profit opportunities for active managers are shrinking.”
It Depends on Where You Search: Institutional Investor Attention and Underreaction to News (2017, background): “According to French (2008) and Stambaugh (2014), the fraction of U.S. common equity owned directly by individuals fell by more than half from 48% in 1980 to around 20% by 2012.”
Efficiently Inefficient Markets for Assets and Asset Management (2017, background): “…noise trading (Black (1986)); search models in finance (Duffie, Gârleanu, and Pedersen (2005), Lagos (2010)); and models of asset management (Pastor and Stambaugh (2012), Vayanos and Woolley (2013), Stambaugh (2014)) and the role of trust in this context (Gennaioli, Shleifer, and Vishny (2015)) .”