Andrey Malenko

Working Papers

• Voting Choice (with Nadya Malenko), April 2024.

• Catching Outliers: Committee Voting and the Limits of Consensus when Financing Innovation (with Ramana Nanda, Matthew Rhodes-Kropf, and Savitar Sundaresan), April 2024, revise and resubmit, Journal of Finance.

• Creating Controversy in Proxy Voting Advice (with Nadya Malenko and Chester S. Spatt), November 2023    (CLS Blue Sky Blog, Online Appendix), revise and resubmit, Journal of Finance.

  • Charles River Associates Award for Best Paper on Corporate Finance, WFA 2022.

  • 2022 ECGI Finance Prize  for Best Paper in the ECGI Finance Working Paper Series.

  • CICF Best Paper Award, 2022.

• Corporate Governance in the Presence of Active and Passive Delegated Investment (with Adrian Aycan Corum and Nadya Malenko), December 2023    (CLS Blue Sky Blog, Oxford Business Law Blog, Online Appendix), , revise and resubmit, Journal of Finance.

• Optimal Time-Consistent Debt Policies (with Anton Tsoy), March 2024.

  • Burridge Center Award for Best Paper at 2022 Colorado Finance Summit.

• Reputation, Contract Renegotiation and Price Rigidity (with Rajkamal Iyer and Antoinette Schoar), September 2017.

• Shareholder voting (with Alon Brav and Nadya Malenko) - survey of the literature (in progress).

Publications

• Asymmetric Information and Security Design under Knightian Uncertainty (with Anton Tsoy), Journal of Finance, forthcoming.

• Corporate Governance Implications of the Growth in Indexing (with Alon Brav and Nadya Malenko), Oxford Research Encyclopedia of Economics and Finance, forthcoming.    (CLS Blue Sky Blog)

• Auctions with Endogenous Initiation (with Alexander S. Gorbenko), Journal of Finance 79(2): 1353-1403.     (Internet Appendix)

• Advising the Management: A Theory of Shareholder Engagement (with Ali Kakhbod, Uliana Loginova, and Nadya Malenko), Review of Financial Studies 36(4): 1319-1363, April 2023.     (Online Appendix)

  • Lead article and Editor's choice article.

• Strategic Decisions in Takeover Auctions: Recent Developments (with B. Espen Eckbo and Karin S. Thorburn), Annual Review of Financial Economics, 12: 237-276, 2020.

• Proxy Advisory Firms: The Economics of Selling Information to Voters (with Nadya Malenko), Journal of Finance, 74(5): 2441-2490, October 2019.     (Short summary for FT Insights, 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)