Dmitry Makarov

ICEF, Higher School of Economics

Associate Professor of Finance

26 Shabolovka

Moscow

Russia

http://www.nes.ru/~dmakarov

SCHOLARLY PAPERS

9

DOWNLOADS
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4,337

CITATIONS
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Top 17,472

in Total Papers Citations

19

Scholarly Papers (9)

1.
Downloads 1,573 ( 8,461)
Citation 7

Strategic Asset Allocation in Money Management

Journal of Finance, Forthcoming
Number of pages: 52 Posted: 03 Feb 2009 Last Revised: 31 May 2012
Suleyman Basak and Dmitry Makarov
London Business School and ICEF, Higher School of Economics
Downloads 1,571 (8,316)
Citation 7

Abstract:

Money Managers, Strategic Interaction, Portfolio Choice, Relative Performance, Incentives, Risk Shifting, Fund Flows, Tournaments

Strategic Asset Allocation in Money Management

CEPR Discussion Paper No. DP8457
Number of pages: 46 Posted: 20 Jul 2011
Suleyman Basak and Dmitry Makarov
London Business School and ICEF, Higher School of Economics
Downloads 2 (568,434)
Citation 7
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Abstract:

fund flows, incentives, Money Managers, portfolio choice, relative performance, risk shifting, strategic interactions, tournaments

Difference in Interim Performance and Risk Taking with Short-Sale Constraints

Number of pages: 38 Posted: 09 Mar 2008 Last Revised: 10 Sep 2011
Suleyman Basak and Dmitry Makarov
London Business School and ICEF, Higher School of Economics
Downloads 596 (35,770)
Citation 5

Abstract:

Relative Performance, Risk-Taking Incentives, Portfolio Choice, Short-Sale Constraints

Difference in Interim Performance and Risk Taking with Short-Sale Constraints

CEPR Discussion Paper No. DP8072
Number of pages: 44 Posted: 22 Nov 2010
Suleyman Basak and Dmitry Makarov
London Business School and ICEF, Higher School of Economics
Downloads 4 (554,444)
Citation 5
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Abstract:

mutual fund tournament, portfolio choice, relative performance, risk-taking incentives, short-sale constraints

Strategic Asset Allocation with Relative Performance Concerns

Number of pages: 40 Posted: 11 Sep 2007
Suleyman Basak and Dmitry Makarov
London Business School and ICEF, Higher School of Economics
Downloads 440 (52,881)
Citation 5

Abstract:

Money Managers, Strategic Interaction, Portfolio Choice, Relative Performance, Incentives, Risk Shifting, Fund Flows, Envy, Tournaments

Strategic Asset Allocation with Relative Performance Concerns

EFA 2008 Athens Meetings Paper
Number of pages: 40 Posted: 07 Mar 2008
Suleyman Basak and Dmitry Makarov
London Business School and ICEF, Higher School of Economics
Downloads 160 (156,030)
Citation 5

Abstract:

Money Managers, Strategic Interaction, Portfolio Choice, Relative Performance, Incentives, Risk Shifting, Fund Flows, Envy, Tournaments

4.

A Note on Wealth Effect under CARA Utility

Finance Research Letters, Forthcoming
Number of pages: 15 Posted: 01 Mar 2009 Last Revised: 10 May 2010
Dmitry Makarov and Astrid V. Schornick
ICEF, Higher School of Economics and INSEAD
Downloads 326 (71,956)
Citation 2

Abstract:

CARA utility, wealth effect, information acquisition, asset pricing, portfolio choice

5.

Competition among Portfolio Managers and Asset Specialization

Number of pages: 44 Posted: 04 Mar 2010 Last Revised: 09 Aug 2017
Suleyman Basak and Dmitry Makarov
London Business School and ICEF, Higher School of Economics
Downloads 292 (49,907)

Abstract:

Competition, Portfolio Choice, Asset Specialization, Under-Diversification, Cost-Benefit Analysis, Relative Performance

6.

Capital Market Equilibrium with Competition Among Institutional Investors

Number of pages: 29 Posted: 07 Mar 2012 Last Revised: 11 Jun 2013
Sergei Glebkin and Dmitry Makarov
London School of Economics & Political Science (LSE) and ICEF, Higher School of Economics
Downloads 214 (96,369)

Abstract:

G12, G29

7.

Household Investments, Limited Participation and Equity Premium with Wealth Heterogeneity

Number of pages: 41 Posted: 09 Mar 2008 Last Revised: 26 Nov 2013
Dmitry Makarov and Astrid V. Schornick
ICEF, Higher School of Economics and INSEAD
Downloads 214 (119,434)

Abstract:

household portfolios, limited participation, equity premium, wealth heterogeneity, uncertainty aversion

8.

Explaining Households’ Investment Behavior

INSEAD Working Paper No. 2010/44/FIN
Number of pages: 25 Posted: 12 Jun 2010 Last Revised: 05 Jul 2010
Dmitry Makarov and Astrid V. Schornick
ICEF, Higher School of Economics and INSEAD
Downloads 97 (218,577)

Abstract:

9.

Security Design with Status Concerns

Number of pages: 51 Posted: 29 Jan 2015 Last Revised: 28 Jun 2017
London Business School, ICEF, Higher School of Economics, New York University (NYU) - Department of Finance and New York University - Stern School of Business
Downloads 71 (144,770)

Abstract:

Security Design, Status Concerns, Convertible Securities, Hybrid Securities, Internal Financing, External Financing