Andrey Malenko
Associate Professor of Finance
Director, Mitsui Life Financial Research Center
Working Papers
Voting Choice (with Nadya Malenko), March 2023.
Catching Outliers: Committee Voting and the Limits of Consensus when Financing Innovation (with Ramana Nanda, Matthew Rhodes-Kropf, and Savitar Sundaresan), March 2023.
Creating Controversy in Proxy Voting Advice (with Nadya Malenko and Chester S. Spatt), September 2022 (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), August 2022. (CLS Blue Sky Blog, Oxford Business Law Blog, Online Appendix)
Optimal Time-Consistent Debt Policies (with Anton Tsoy), May 2022.
Burridge Center Award for Best Paper at 2022 Colorado Finance Summit.
Asymmetric Information and Security Design under Knightian Uncertainty (with Anton Tsoy), February 2020, revise and resubmit, Journal of Finance.
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
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, forthcoming. (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)
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. (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)