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

Gaidar Institute for Economic Policy

3-5 Gazetny Lane

Moscow, 125009

Russia

Centre for Economic Policy Research (CEPR)

77 Bastwick Street

London, EC1V 3PZ

United Kingdom

SITE

Research Associate

P.O. Box 6501

S-113 83 Stockholm, 11383

Sweden

SCHOLARLY PAPERS

32

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CITATIONS
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251

Scholarly Papers (32)

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 2,662 (3,508)
Citation 22

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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 (570,853)
Citation 22
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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

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 1,237 (12,683)
Citation 37

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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.

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 1,146 (14,339)
Citation 1

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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 1,076 (15,862)
Citation 15

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5.

Integrity, Creativity, and Corporate Culture

Number of pages: 49 Posted: 11 Mar 2016 Last Revised: 05 Dec 2017
William David Grieser, Rachel Li and Andrei Simonov
Texas Christian University, Michigan State University and Michigan State University - Eli Broad Graduate School of Management
Downloads 1,043 (16,843)

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Corporate culture, Integrity, Creativity, R&D

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 510 (45,128)

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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 336 (75,210)

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

EFA 2009 Bergen Meetings Paper, ECGI - Finance Working Paper No. 260/2009, FEEM Working Paper No. 103.2009
Number of pages: 46 Posted: 20 Apr 2009 Last Revised: 20 Jun 2016
Mariassunta Giannetti and Andrei Simonov
Stockholm School of Economics and Michigan State University - Eli Broad Graduate School of Management
Downloads 759 (26,495)
Citation 14

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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 28 (429,396)
Citation 14

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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
Downloads 4 (564,693)
Citation 14
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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 623 (34,494)
Citation 5

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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 611 (35,337)
Citation 7

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

Shareholder Diversification and the Decision to Go Public

EFA 2005 Moscow Meetings Paper
Number of pages: 47 Posted: 04 Dec 2004
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 568 (39,253)
Citation 11

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IPO, diversification, underpricing

Shareholder Diversification and the Decision to Go Public

Review of Financial Studies, 2007
Posted: 07 Dec 2006
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
University of Illinois at Chicago, Hebrew University of Jerusalem - Department of Economics, INSEAD - Finance and Michigan State University - Eli Broad Graduate School of Management

Abstract:

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G120, G140, G240, G320

11.
Downloads 562 ( 40,364)
Citation 5

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 560 (39,982)
Citation 5

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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 (579,548)
Citation 5
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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 424 (50,616)
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 406 (57,227)
Citation 1

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alliances, corporate governance, abnormal return and profitability

14.
Downloads 396 ( 62,543)
Citation 4

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 350 (71,655)
Citation 4

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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 46 (357,028)
Citation 4

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15.

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 368 (61,928)
Citation 10

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Portfolio choice, home bias, style investing

16.

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 302 (83,287)

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Entrepreneurial choice, peer effects, social norms, agglomeration economies

17.
Downloads 230 (114,100)

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 133 (186,817)

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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 97 (236,311)

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downside risk, market timing, mutual funds, risk management

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 211 (123,845)
Citation 3

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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 (497,357)
Citation 3
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Portfolio choice, social interaction, education, asset pricing

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 210 (109,764)

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20.

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 201 (85,118)

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

21.

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 179 (138,359)
Citation 2

Abstract:

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Portfolio choice, education, individual investors, herding

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 178 (137,012)
Citation 2

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Stock market participation, crowding out, pension reform

23.

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 141 (118,644)

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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 119 (190,824)
Citation 1

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

25.
Downloads 43 (360,505)
Citation 92

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 (367,324)
Citation 92
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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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26.

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 (385,178)
Citation 4
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Portfolio choice, under-diversification, proximity investment, professional specialization, city agglomeration

27.

Shareholder Diversification and Ipos

CEPR Discussion Paper No. 4820
Number of pages: 43 Posted: 13 Apr 2005
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 (404,870)
Citation 2
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IPO, diversification, underpricing

28.

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 26 (422,730)
Citation 2
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29.

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 (437,523)
Citation 5
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Investor behaviour, security benefits, portfolio selection, corporate governance, ratio of control to cash flow rights

30.

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

31.

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

Abstract:

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Entrepreneurial choice, social interactions, social norms, agglomeration economies

32.

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: 54    Citations: 11
1.

Shareholder Diversification and the Decision to Go Public

Number of pages: 47 Posted: 04 Dec 2004
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 0 (39,814)
Citation 11

Abstract:

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IPO, diversification, underpricing