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)

London

United Kingdom

SITE

Research Associate

P.O. Box 6501

S-113 83 Stockholm, 11383

Sweden

  • Michigan State University - Eli Broad Graduate School of Management

  • Gaidar Institute for Economic Policy

  • Centre for Economic Policy Research (CEPR)

  • SITE

SCHOLARLY PAPERS

32

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15,503

CITATIONS
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Top 2,261

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248

Scholarly Papers (32)

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1.

Investment Banks as Insiders and the Market for Corporate Control

Downloads 2,689 ( 4,045)
Citation 21

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 2,686 (3,969)
Citation 21

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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 (616,359)
Citation 21
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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 1,241 ( 14,503)
Citation 37

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 1,241 (14,220)
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.

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, Michigan State University and Michigan State University - Eli Broad Graduate School of Management
Downloads 1,165 (16,099)

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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 1,163 (16,099)
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 1,093 (17,645)
Citation 14

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6.

Do Financial Experts Make Better Investment Decisions?

Downloads 906 ( 23,287)

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 562 (44,186)

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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 344 (80,791)

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7.

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

Downloads 815 ( 27,176)
Citation 13

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 782 (28,288)
Citation 9

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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 29 (458,359)
Citation 13

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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 (608,969)
Citation 13
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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 638 (37,881)
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 625 (38,933)
Citation 7

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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 574 ( 43,552)
Citation 11

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 574 (42,963)
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
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 567 ( 44,231)
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 565 (43,866)
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 (626,574)
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 501 (51,796)
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 430 (62,590)
Citation 1

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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 408 (66,689)
Citation 10

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Portfolio choice, home bias, style investing

15.

Portfolio Diversification and City Agglomeration

Downloads 399 ( 68,510)
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 352 (78,643)
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 47 (383,570)
Citation 4

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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 321 (88,045)

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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 313 (90,548)

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Entrepreneurial choice, peer effects, social norms, agglomeration economies

18.

Downside Risk Timing by Mutual Funds

Downloads 260 (110,442)

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 147 (187,941)

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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 113 (231,063)

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downside risk, market timing, mutual funds, risk management

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 245 (117,496)

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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 243 (118,498)

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21.

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

Downloads 232 (124,127)
Citation 3

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 216 (132,718)
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 (534,816)
Citation 3
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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 195 (146,506)
Citation 2

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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 189 (150,807)
Citation 2

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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 130 (207,019)
Citation 1

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

25.

Hedging, Familiarity and Portfolio Choice

Downloads 43 (390,556)

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 (398,058)
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 (416,876)
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
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 (437,333)
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 27 (456,193)
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 (471,781)
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

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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: 60    Citations: 11
Actions:
Email selected abstracts
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 60
Citation 11

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IPO, diversification, underpricing