Andrey Malenko

Working Papers

• Asymmetric Information and Security Design under Knightian Uncertainty (with Anton Tsoy), February 2020
• Auctions with Endogenous Initiation (with Alexander S. Gorbenko), October 2019
• Strategic Decisions in Takeover Auctions (with B. Espen Eckbo and Karin S. Thorburn), October 2019, written for the Annual Review of Financial Economics
• Advising the Management (with Ali Kakhbod, Uliana Loginova, and Nadya Malenko), September 2019
• Reputation, Contract Renegotiation and Price Rigidity (with Rajkamal Iyer and Antoinette Schoar), September 2017

Refereed Publications

• Proxy Advisory Firms: The Economics of Selling Information to Voters (with Nadya Malenko), Journal of Finance, 74(5): 2441-2490, October 2019. (Summary for the SEC, Online Appendix)
  • 2019 Journal of Finance Brattle Group Prize for Distinguished Paper in Corporate Finance.
• Optimal Dynamic Capital Budgeting, Review of Economic Studies 86(4): 1747-1778, July 2019. (Online Appendix)
• Selling to Advised Buyers (with Anton Tsoy), American Economic Review 109(4): 1323-1348, April 2019. (Online Appendix)
• The Timing and Method of Payment in Mergers When Acquirers are Financially Constrained (with Alexander S. Gorbenko), Review of Financial Studies 31(10): 3937-3978, October 2018. (Online Appendix)
• Timing Decisions in Organizations: Communication and Authority in a Dynamic Environment (with Steven R. Grenadier and Nadya Malenko), American Economic Review 106(9): 2552-2581, September 2016. (Online Appendix)
• A Theory of LBO Activity Based on Repeated Debt-Equity Conflicts (with Nadya Malenko), Journal of Financial Economics 117(3): 607-627, September 2015. (Online Appendix)
• Strategic and Financial Bidders in Takeover Auctions (with Alexander S. Gorbenko), Journal of Finance 69(6): 2513-2555, December 2014. (Online Appendix)
• Investment Busts, Reputation, and the Temptation to Blend in with the Crowd (with Steven R. Grenadier and Ilya A. Strebulaev), Journal of Financial Economics 111(1): 137-157, January 2014.
• Real Options Signaling Games with Applications to Corporate Finance (with Steven R. Grenadier), Review of Financial Studies 24(12): 3993-4036, December 2011.
• Competition among Sellers in Securities Auctions (with Alexander S. Gorbenko), American Economic Review 101(5): 1806-1841, August 2011. (Online Appendix)
• A Bayesian Approach to Real Options: The Case of Distinguishing between Temporary and Permanent Shocks (with Steven R. Grenadier), Journal of Finance 65(5): 1949-1986, October 2010. (Online Appendix)