Andrei Simonov

Michigan State University - Eli Broad Graduate School of Management

Professor of Finance

645 N. Shaw Lane, 321 Eppley Center

East Lansing, MI 48824-1122

United States

http://www.andreisimonov.com

Russian Presidential Academy of National Economy and Public Administration (RANEPA)

Vernadskogo Prospect 82

Moscow, 119571

Russia

Centre for Economic Policy Research (CEPR)

Research FFellow

London

United Kingdom

  • Michigan State University - Eli Broad Graduate School of Management

  • Russian Presidential Academy of National Economy and Public Administration (RANEPA)

  • Centre for Economic Policy Research (CEPR)

SCHOLARLY PAPERS

33

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15,833

CITATIONS
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287

Scholarly Papers (33)

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1.

Investment Banks as Insiders and the Market for Corporate Control

Downloads 2,700 ( 4,306)
Citation 38

Investment Banks as Insiders and the Market for Corporate Control

EFA 2007 Ljubljana Meetings Paper, AFA 2008 New Orleans Meetings Paper
Number of pages: 48 Posted: 01 Mar 2007 Last Revised: 09 Jun 2008
Andriy Bodnaruk, Massimo Massa and Andrei Simonov
University of Illinois at Chicago, INSEAD - Finance and Michigan State University - Eli Broad Graduate School of Management
Downloads 2,697 (4,222)
Citation 5

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inside trading, risk arbitrage, mergers and acquisitions

Investment Banks as Insiders and the Market for Corporate Control

CEPR Discussion Paper No. DP6953
Number of pages: 50 Posted: 02 Dec 2008
Andriy Bodnaruk, Massimo Massa and Andrei Simonov
University of Illinois at Chicago, INSEAD - Finance and Michigan State University - Eli Broad Graduate School of Management
Downloads 3 (654,731)
Citation 2
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insider trading, mergers and acquisitions, risk arbitrage

Investment Banks as Insiders and the Market for Corporate Control

The Review of Financial Studies, Vol. 22, Issue 12, pp. 4989-5026, 2009
Posted: 24 Nov 2009
Andriy Bodnaruk, Massimo Massa and Andrei Simonov
University of Illinois at Chicago, INSEAD - Finance and Michigan State University - Eli Broad Graduate School of Management

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G23, G32, G34

2.

Which Investors Fear Expropriation? Evidence from Investors' Portfolio Choices

Downloads 1,246 ( 15,422)

Which Investors Fear Expropriation? Evidence from Investors' Portfolio Choices

ECGI - Finance Working Paper No. 54/2004; EFA 2003 Annual Conference Paper No. 715
Number of pages: 53 Posted: 27 Oct 2004
Mariassunta Giannetti and Andrei Simonov
Stockholm School of Economics and Michigan State University - Eli Broad Graduate School of Management
Downloads 1,246 (15,124)
Citation 4

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Investor behavior, shareholder base, security benefits, portfolio selection, corporate governance

Which Investors Fear Expropriation? Evidence from Investors' Portfolio Choices

Journal of Finance, Forthcoming
Posted: 21 Feb 2005
Mariassunta Giannetti and Andrei Simonov
Stockholm School of Economics and Michigan State University - Eli Broad Graduate School of Management

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Investor behavior, shareholder base, security benefits, private benefits, portfolio selection, corporate governance

3.

Integrity, Creativity, and Corporate Culture

Number of pages: 49 Posted: 11 Mar 2016 Last Revised: 05 Dec 2017
William Grieser, Rachel Li and Andrei Simonov
Texas Christian University, University of Alabama - Department of Economics, Finance and Legal Studies and Michigan State University - Eli Broad Graduate School of Management
Downloads 1,220 (15,934)
Citation 3

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Corporate culture, Integrity, Creativity, R&D

4.

Experimentation in Financial Markets

Number of pages: 36 Posted: 04 Nov 1999 Last Revised: 02 Sep 2008
Massimo Massa and Andrei Simonov
INSEAD - Finance and Michigan State University - Eli Broad Graduate School of Management
Downloads 1,168 (17,028)
Citation 1

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5.

Reputation and Dealers' Trading. A Microstructure Analysis of the Treasury Bond Market

EFA 2001 Barcelona Meetings
Number of pages: 58 Posted: 16 Dec 1999
Massimo Massa and Andrei Simonov
INSEAD - Finance and Michigan State University - Eli Broad Graduate School of Management
Downloads 1,096 (18,735)
Citation 1

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6.

Do Financial Experts Make Better Investment Decisions?

Downloads 964 ( 22,641)
Citation 10

Do Financial Experts Make Better Investment Decisions?

Journal of Financial Intermediation, Forthcoming
Number of pages: 48 Posted: 09 Oct 2014
Andriy Bodnaruk and Andrei Simonov
University of Illinois at Chicago and Michigan State University - Eli Broad Graduate School of Management
Downloads 606 (42,388)

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individual investors, investor sophistication, financial expertise, mutual fund managers

Do Financial Experts Make Better Investment Decisions?

Number of pages: 51 Posted: 15 Mar 2012 Last Revised: 01 Nov 2013
Andriy Bodnaruk and Andrei Simonov
University of Illinois at Chicago and Michigan State University - Eli Broad Graduate School of Management
Downloads 358 (81,565)
Citation 2

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7.

On the Real Effects of Bank Bailouts: Micro-Evidence from Japan

Downloads 831 ( 28,037)
Citation 16

On the Real Effects of Bank Bailouts: Micro-Evidence from Japan

EFA 2009 Bergen Meetings Paper, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 260/2009, FEEM Working Paper No. 103.2009
Number of pages: 52 Posted: 20 Apr 2009 Last Revised: 09 Nov 2018
Mariassunta Giannetti and Andrei Simonov
Stockholm School of Economics and Michigan State University - Eli Broad Graduate School of Management
Downloads 793 (29,401)
Citation 11

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Recapitalization, merger, banking crisis

On the Real Effects of Bank Bailouts: Micro-Evidence from Japan

Number of pages: 41 Posted: 06 Apr 2012
Mariassunta Giannetti and Andrei Simonov
Stockholm School of Economics and Michigan State University - Eli Broad Graduate School of Management
Downloads 34 (457,084)
Citation 8

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Recapitalization, merger, banking crisis

On the Real Effects of Bank Bailouts: Micro-Evidence from Japan

CEPR Discussion Paper No. DP7441
Number of pages: 43 Posted: 07 Oct 2009
Mariassunta Giannetti and Andrei Simonov
Stockholm School of Economics and Michigan State University - Eli Broad Graduate School of Management
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banking crisis, merger, Recapitalization

8.

Competition in Markets for Information

Number of pages: 34 Posted: 02 Mar 2000
Andrei Simonov
Michigan State University - Eli Broad Graduate School of Management
Downloads 645 (39,550)
Citation 7

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9.

Is Learning a Dimension of Risk?

EFA 2002 Berlin Meetings Presented Paper
Number of pages: 59 Posted: 04 Mar 2002
Massimo Massa and Andrei Simonov
INSEAD - Finance and Michigan State University - Eli Broad Graduate School of Management
Downloads 630 (40,836)
Citation 1

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conditional asset pricing, time-varying risk factors, learning uncertainty, filtering, trading volume

10.

Shareholder Diversification and the Decision to Go Public

Downloads 581 ( 45,455)
Citation 3

Shareholder Diversification and the Decision to Go Public

EFA 2005 Moscow Meetings Paper
Number of pages: 47 Posted: 04 Dec 2004
Andriy Bodnaruk, Massimo Massa, Eugene Kandel and Andrei Simonov
University of Illinois at Chicago, INSEAD - Finance, Hebrew University of Jerusalem - Department of Economics and Michigan State University - Eli Broad Graduate School of Management
Downloads 581 (44,831)
Citation 1

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IPO, diversification, underpricing

Shareholder Diversification and the Decision to Go Public

Review of Financial Studies, 2007
Posted: 07 Dec 2006
Massimo Massa, Andriy Bodnaruk, Eugene Kandel and Andrei Simonov
INSEAD - Finance, University of Illinois at Chicago, Hebrew University of Jerusalem - Department of Economics and Michigan State University - Eli Broad Graduate School of Management

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IPO, diversification, underpricing

Shareholder Diversification and the Decision to Go Public

The Review of Financial Studies, Vol. 21, Issue 6, pp. 2779-2824, 2008
Posted: 15 Dec 2008
Andriy Bodnaruk, Eugene Kandel, Massimo Massa and Andrei Simonov
University of Illinois at Chicago, Hebrew University of Jerusalem - Department of Economics, INSEAD - Finance and Michigan State University - Eli Broad Graduate School of Management

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G120, G140, G240, G320

11.

Social Interactions and Entrepreneurial Activity

Downloads 570 ( 46,587)
Citation 26

Social Interactions and Entrepreneurial Activity

Number of pages: 52 Posted: 25 Mar 2003 Last Revised: 23 Jun 2009
Mariassunta Giannetti and Andrei Simonov
Stockholm School of Economics and Michigan State University - Eli Broad Graduate School of Management
Downloads 568 (46,190)
Citation 1

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Private benefits, peer effects, social norms, social learning

Social Interactions and Entrepreneurial Activity

Journal of Economics & Management Strategy, Vol. 18, Issue 3, pp. 665-709, Fall 2009
Number of pages: 45 Posted: 13 Oct 2009
Mariassunta Giannetti and Andrei Simonov
Stockholm School of Economics and Michigan State University - Eli Broad Graduate School of Management
Downloads 2 (665,901)
Citation 1
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Social Interactions and Entrepreneurial Activity

Journal of Economics and Management Strategy, Forthcoming
Posted: 12 Mar 2009
Mariassunta Giannetti and Andrei Simonov
Stockholm School of Economics and Michigan State University - Eli Broad Graduate School of Management

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Private benefits, peer effects, social norms, social learning

12.

On the Determinants of Entrepreneurial Activity: Individual Characteristics, Economic Environment, and Social Norms

Number of pages: 37 Posted: 21 Feb 2005
Mariassunta Giannetti and Andrei Simonov
Stockholm School of Economics and Michigan State University - Eli Broad Graduate School of Management
Downloads 520 (52,322)
Citation 6

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Entrepreneurial choice, social interactions, social norms, agglomeration economies

13.

Alliances and Corporate Governance

AFA 2011 Denver Meetings Paper
Number of pages: 51 Posted: 16 Nov 2009 Last Revised: 01 Feb 2014
Andriy Bodnaruk, Massimo Massa and Andrei Simonov
University of Illinois at Chicago, INSEAD - Finance and Michigan State University - Eli Broad Graduate School of Management
Downloads 440 (64,461)
Citation 2

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alliances, corporate governance, abnormal return and profitability

14.

Portfolio Choice and Menu Exposure

EFA 2006 Zurich Meetings
Number of pages: 36 Posted: 09 Mar 2006
Massimo Massa, Anders Karlsson and Andrei Simonov
INSEAD - Finance, Stockholm University - Department of Corporate Finance and Michigan State University - Eli Broad Graduate School of Management
Downloads 411 (69,986)
Citation 1

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Portfolio choice, home bias, style investing

15.

Portfolio Diversification and City Agglomeration

Downloads 407 ( 70,845)

Portfolio Diversification and City Agglomeration

Yale ICF Working Paper No. 04-18; AFA 2004 San Diego Meetings
Number of pages: 41 Posted: 16 Dec 2003
Massimo Massa, William N. Goetzmann and Andrei Simonov
INSEAD - Finance, Yale School of Management - International Center for Finance and Michigan State University - Eli Broad Graduate School of Management
Downloads 358 (81,565)

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Portfolio choice, under-diversification, proximity investment, knowledge spillover, city agglomeration

Portfolio Diversification and City Agglomeration

NBER Working Paper No. w10343
Number of pages: 48 Posted: 16 Mar 2004 Last Revised: 16 Feb 2005
Massimo Massa, William N. Goetzmann and Andrei Simonov
INSEAD - Finance, Yale School of Management - International Center for Finance and Michigan State University - Eli Broad Graduate School of Management
Downloads 49 (396,069)

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16.

Loss Averse Preferences, Performance, and Career Success of Institutional Investors

Number of pages: 55 Posted: 29 Oct 2014 Last Revised: 18 May 2016
Andriy Bodnaruk and Andrei Simonov
University of Illinois at Chicago and Michigan State University - Eli Broad Graduate School of Management
Downloads 331 (89,927)
Citation 2

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loss-aversion, downside risk, professional investors, mutual funds, career outcomes

17.

Does Prestige Matter More than Profits for Entrepreneurs?

ECGI - Finance Working Paper No. 112/2005
Number of pages: 56 Posted: 16 Dec 2005
Mariassunta Giannetti and Andrei Simonov
Stockholm School of Economics and Michigan State University - Eli Broad Graduate School of Management
Downloads 315 (94,923)
Citation 1

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Entrepreneurial choice, peer effects, social norms, agglomeration economies

18.

Downside Risk Timing by Mutual Funds

Downloads 285 (105,854)
Citation 2

Downside Risk Timing by Mutual Funds

Number of pages: 34 Posted: 28 Oct 2014
Andriy Bodnaruk, Bekhan Chokaev and Andrei Simonov
University of Illinois at Chicago, Russian Presidential Academy of National Economy and Public Administration (RANEPA) and Michigan State University - Eli Broad Graduate School of Management
Downloads 160 (184,211)
Citation 1

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Downside Risk Timing by Mutual Funds

Number of pages: 41 Posted: 01 Sep 2015
Andriy Bodnaruk, Bekhan Chokaev and Andrei Simonov
University of Illinois at Chicago, Russian Presidential Academy of National Economy and Public Administration (RANEPA) and Michigan State University - Eli Broad Graduate School of Management
Downloads 125 (225,468)
Citation 1

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downside risk, market timing, mutual funds, risk management

Downside Risk Timing by Mutual Funds

CEPR Discussion Paper No. DP10639
Number of pages: 35 Posted: 01 Jun 2015
Andriy Bodnaruk, Bekhan Chokaev and Andrei Simonov
University of Illinois at Chicago, Russian Presidential Academy of National Economy and Public Administration (RANEPA) and Michigan State University - Eli Broad Graduate School of Management
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downside risk, market timing, mutual funds

19.

Contrarian Hedge Funds and Momentum Mutual Funds

Number of pages: 37 Posted: 15 Mar 2012
Massimo Massa, Andrei Simonov and Shan Yan
INSEAD - Finance, Michigan State University - Eli Broad Graduate School of Management and Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management
Downloads 254 (119,476)
Citation 2

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20.

Captive Finance and Firm’s Competitiveness

Number of pages: 35 Posted: 15 Mar 2012 Last Revised: 22 Feb 2017
Andriy Bodnaruk, William O'Brien and Andrei Simonov
University of Illinois at Chicago, University of Illinois at Chicago and Michigan State University - Eli Broad Graduate School of Management
Downloads 249 (121,901)

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21.

History Versus Geography: The Role of College Interaction in Portfolio Choice and Stock Market Prices

Downloads 237 (128,147)
Citation 7

History Versus Geography: The Role of College Interaction in Portfolio Choice and Stock Market Prices

EFA 2005 Moscow Meetings Paper
Number of pages: 48 Posted: 09 Apr 2005
Massimo Massa and Andrei Simonov
INSEAD - Finance and Michigan State University - Eli Broad Graduate School of Management
Downloads 221 (136,836)
Citation 9

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Portfolio choice, education, individual investors, herding

History Versus Geography: The Role of College Interaction in Portfolio Choice and Stock Market Prices

CEPR Discussion Paper No. 4815
Number of pages: 48 Posted: 08 Apr 2005
Massimo Massa and Andrei Simonov
INSEAD - Finance and Michigan State University - Eli Broad Graduate School of Management
Downloads 16 (562,471)
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Portfolio choice, social interaction, education, asset pricing

22.

Stock Market Participation and Pension Reform

Number of pages: 28 Posted: 30 Aug 2006
Massimo Massa, Anders Karlsson and Andrei Simonov
INSEAD - Finance, Stockholm University - Department of Corporate Finance and Michigan State University - Eli Broad Graduate School of Management
Downloads 197 (152,928)
Citation 1

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Stock market participation, crowding out, pension reform

23.

Do Bubbles Have a Birthdate? The Role of College Interaction in Portfolio Choice

Number of pages: 50 Posted: 21 Mar 2005
Massimo Massa and Andrei Simonov
INSEAD - Finance and Michigan State University - Eli Broad Graduate School of Management
Downloads 192 (156,682)
Citation 3

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Portfolio choice, education, individual investors, herding

24.

Do Small Shareholders Count?

Number of pages: 48 Posted: 15 Jun 2010
Eugene Kandel, Massimo Massa and Andrei Simonov
Hebrew University of Jerusalem - Department of Economics, INSEAD - Finance and Michigan State University - Eli Broad Graduate School of Management
Downloads 135 (211,618)

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shareholder heterogeneity, firm value, corporate finance, and managerial decision making

25.

Groomed for Selling and Sold for Grooming: Strategic Behavior Surrounding Sales of Mutual-Fund Management Companies

29th Annual Conference on Financial Economics & Accounting 2018
Number of pages: 65 Posted: 30 Jul 2018
Eduard Inozemtsev, Zoran Ivkovich and Andrei Simonov
Ohio State University (OSU), Fisher College of Business, Michigan State University, Department of Finance and Michigan State University - Eli Broad Graduate School of Management
Downloads 48 (392,851)

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Mutual fund families, mutual fund management companies, strategic behavior

26.

Hedging, Familiarity and Portfolio Choice

Downloads 43 (410,581)

Hedging, Familiarity and Portfolio Choice

CEPR Discussion Paper No. 4789
Number of pages: 55 Posted: 29 Mar 2005
Massimo Massa and Andrei Simonov
INSEAD - Finance and Michigan State University - Eli Broad Graduate School of Management
Downloads 43 (418,676)
Citation 7
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Asset pricing, portfolio decision, hedging

Hedging, Familiarity and Portfolio Choice

The Review of Financial Studies, Vol. 19, Issue 2, pp. 633-685, 2006
Posted: 29 Feb 2008
Massimo Massa and Andrei Simonov
INSEAD - Finance and Michigan State University - Eli Broad Graduate School of Management

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27.

Portfolio Diversification, Proximity Investment and City Agglomeration

CEPR Discussion Paper No. 4786
Number of pages: 47 Posted: 08 Mar 2005
Massimo Massa, William N. Goetzmann and Andrei Simonov
INSEAD - Finance, Yale School of Management - International Center for Finance and Michigan State University - Eli Broad Graduate School of Management
Downloads 36 (438,077)
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Portfolio choice, under-diversification, proximity investment, professional specialization, city agglomeration

28.

Shareholder Diversification and Ipos

CEPR Discussion Paper No. 4820
Number of pages: 43 Posted: 13 Apr 2005
Andriy Bodnaruk, Massimo Massa, Eugene Kandel and Andrei Simonov
University of Illinois at Chicago, INSEAD - Finance, Hebrew University of Jerusalem - Department of Economics and Michigan State University - Eli Broad Graduate School of Management
Downloads 31 (459,856)
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IPO, diversification, underpricing

29.

Does Prestige Matter More than Profits? Evidence from Entrepreneurial Choices

CEPR Discussion Paper No. 4157
Number of pages: 44 Posted: 12 Jan 2004
Mariassunta Giannetti and Andrei Simonov
Stockholm School of Economics and Michigan State University - Eli Broad Graduate School of Management
Downloads 27 (479,515)
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30.

Which Investors Fear Expropriation? Evidence from Investors' Stock Picking

CEPR Discussion Paper No. 3843
Number of pages: 52 Posted: 23 May 2003
Mariassunta Giannetti and Andrei Simonov
Stockholm School of Economics and Michigan State University - Eli Broad Graduate School of Management
Downloads 24 (495,861)
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Investor behaviour, security benefits, portfolio selection, corporate governance, ratio of control to cash flow rights

31.

On the Real Effects of Bank Bailout: Micro-Evidence from Japan

American Economic Journal: Macroeconomics, Forthcoming
Posted: 29 Jul 2012
Mariassunta Giannetti and Andrei Simonov
Stockholm School of Economics and Michigan State University - Eli Broad Graduate School of Management

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Banking crises, bank bailouts

32.

On the Determinants of Entrepreneurial Activity: Social Norms, Economic Environment and Individual Characteristics

Swedish Economic Policy Review, Vol. 11, No. 2, pp. 269-313, 2004
Posted: 21 Feb 2005
Mariassunta Giannetti and Andrei Simonov
Stockholm School of Economics and Michigan State University - Eli Broad Graduate School of Management

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Entrepreneurial choice, social interactions, social norms, agglomeration economies

33.

Behavioral Biases and Portfolio Choice

EFA 2003 Annual Conference Paper No. 717
Posted: 26 Jul 2003
Massimo Massa and Andrei Simonov
INSEAD - Finance and Michigan State University - Eli Broad Graduate School of Management

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Behavioral finance, portfolio investment, loss aversion, familiarity bias, information

Other Papers (1)

Total Downloads: 62
Actions:
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1.

Shareholder Diversification and the Decision to Go Public

Number of pages: 47 Posted: 22 Mar 2005
Andriy Bodnaruk, Massimo Massa, Eugene Kandel and Andrei Simonov
University of Illinois at Chicago, INSEAD - Finance, Hebrew University of Jerusalem - Department of Economics and Michigan State University - Eli Broad Graduate School of Management
Downloads 62

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IPO, diversification, underpricing