Ilona Babenko

Arizona State University

Associate Professor

Department of Finance

W.P. Carey School of Business

Tempe, AZ 85287

United States

  • Arizona State University

SCHOLARLY PAPERS

25

DOWNLOADS
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in Total Papers Downloads

14,875

TOTAL CITATIONS
Rank 6,394

SSRN RANKINGS

Top 6,394

in Total Papers Citations

174

Scholarly Papers (25)

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1.

Clawback Provisions

Number of pages: 60 Posted: 19 Mar 2012 Last Revised: 16 Jul 2017
Ilona Babenko, Benjamin Bennett, John M. Bizjak and Jeffrey L. Coles
Arizona State University, Tulane University - A.B. Freeman School of Business, Texas Christian University and University of Utah - Department of Finance
Downloads 2,546 (11,647)
Citation 13

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clawback, recoupment, recover, executive compensation, employee pay, accounting restatement, fraud, corporate governance

2.

Do CEOs Affect Employees' Political Choices

BAFFI CAREFIN Centre Research Paper No. 2017-50, Forthcoming in Review of Financial Studies
Number of pages: 70 Posted: 18 Apr 2017 Last Revised: 03 May 2019
Ilona Babenko, Viktar Fedaseyeu and Song Zhang
Arizona State University, China Europe International Business School (CEIBS) and University of Delaware - Department of Finance
Downloads 1,141 (39,979)
Citation 50

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campaign contribution, elections, voting, CEOs, political activism, PACs, political candidates, voter turnout

3.

The Credibility of Open Market Share Repurchase Signaling

2012, Journal of Financial and Quantitative Analysis, 47 (5), 1059-1088.
Number of pages: 63 Posted: 27 Mar 2006 Last Revised: 03 May 2013
Ilona Babenko, Yuri Tserlukevich and Alexander Vedrashko
Arizona State University, Arizona State University (ASU) and Simon Fraser University - Beedie School of Business
Downloads 1,025 (46,644)
Citation 3

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Payout Policy, Open Market Share Repurchases, Insider Trading, Managerial Stock Ownership, Signaling

4.

Clawback Provisions and Firm Risk

Downloads 928 (53,604)
Citation 14

Clawback Provisions and Firm Risk

Fisher College of Business Working Paper No. 2019-03-013, Charles A. Dice Center Working Paper No. 2019-13
Number of pages: 62 Posted: 03 May 2019
Ilona Babenko, Benjamin Bennett, John M. Bizjak, Jeffrey L. Coles and Jason Sandvik
Arizona State University, Tulane University - A.B. Freeman School of Business, Texas Christian University, University of Utah - Department of Finance and University of Utah
Downloads 518 (112,720)
Citation 6

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Clawback, recoupment, recover, executive compensation, employee pay, accounting restatement, fraud, corporate governance

Clawback Provisions and Firm Risk

Number of pages: 65 Posted: 09 Mar 2022 Last Revised: 13 Oct 2022
Ilona Babenko, Benjamin Bennett, John M. Bizjak, Jeffrey L. Coles and Jason Sandvik
Arizona State University, Tulane University - A.B. Freeman School of Business, Texas Christian University, University of Utah - Department of Finance and Eller College of Management, University of Arizona
Downloads 410 (149,556)
Citation 8

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Clawback, risk, recoupment, recover, executive compensation, employee pay, accounting restatement, fraud, corporate governance

5.

Money Left on the Table: An Analysis of Participation in Employee Stock Purchase Plans

Review of Financial Studies, Vol. 27, pp. 3658-3698, 2014
Number of pages: 61 Posted: 23 Oct 2012 Last Revised: 23 Apr 2015
Ilona Babenko and Rik Sen
Arizona State University and University of Georgia
Downloads 885 (57,111)
Citation 13

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household investment choices, portfolio choice, equity market participation, behavioral economics

6.

Will I Get Paid? Employee Stock Options and Mergers and Acquisitions

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 486/2016
Number of pages: 59 Posted: 19 Mar 2016 Last Revised: 05 Jul 2019
Ilona Babenko, Fangfang Du and Yuri Tserlukevich
Arizona State University, California State University, Fullerton and Arizona State University (ASU)
Downloads 760 (70,103)
Citation 5

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Mergers and acquisitions, labor contracts, employee stock options, takeover premium, target selection, takeover defenses

7.

Management (of) Proposals

Number of pages: 68 Posted: 20 Apr 2018 Last Revised: 17 Apr 2023
Ilona Babenko, Goeun Choi and Rik Sen
Arizona State University, Loyola Marymount University - College of Business Administration and University of Georgia
Downloads 738 (72,913)
Citation 4

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Corporate Voting, Management Proposals, Shareholder Proposals, Manipulation

8.

Idiosyncratic Cash Flows and Systematic Risk

Western Finance Association 2013, Forthcoming in the Journal of Finance
Number of pages: 52 Posted: 02 Sep 2012 Last Revised: 23 Apr 2015
Ilona Babenko, Oliver Boguth and Yuri Tserlukevich
Arizona State University, Arizona State University (ASU) - Finance Department and Arizona State University (ASU)
Downloads 687 (79,852)
Citation 10

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9.

Do Non-Executive Employees Have Information? Evidence from Employee Stock Purchase Plans

AFA 2011 Denver Meetings Paper, Forthcoming in Management Science
Number of pages: 50 Posted: 19 Mar 2010 Last Revised: 23 Apr 2015
Ilona Babenko and Rik Sen
Arizona State University and University of Georgia
Downloads 635 (88,334)
Citation 13

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employee stock purchase plans, insider trading, return predictability

10.

Executives in Politics

BAFFI CAREFIN Centre Research Paper No. 2017-62, Finance Down Under 2019 Building on the Best from the Cellars of Finance
Number of pages: 57 Posted: 26 Nov 2017 Last Revised: 24 Jan 2022
Ilona Babenko, Viktar Fedaseyeu and Song Zhang
Arizona State University, China Europe International Business School (CEIBS) and University of Delaware - Department of Finance
Downloads 572 (100,915)
Citation 1

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business politicians, executives, campaign finance, corporate political connections

11.

Regulating CEO Pay: Evidence from the Nonprofit Revitalization Act

Number of pages: 74 Posted: 09 Feb 2021 Last Revised: 04 May 2022
Ilona Babenko, Benjamin Bennett and Rik Sen
Arizona State University, Tulane University - A.B. Freeman School of Business and University of Georgia
Downloads 564 (102,700)
Citation 4

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executive compensation, regulation, nonprofit organizations, managerial power

12.

Employee Stock Options and Investment

UBC Winter Finance 2008 , AFA 2009, EFA 2008, Journal of Finance, Vol. 66, 2011
Number of pages: 55 Posted: 06 Mar 2008 Last Revised: 23 Apr 2015
Ilona Babenko, Michael L. Lemmon and Yuri Tserlukevich
Arizona State University, University of Utah - Department of Finance and Arizona State University (ASU)
Downloads 546 (106,918)
Citation 21

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financial constraints, stock options, investment

13.

Risk Hedging and Loan Covenants

Number of pages: 69 Posted: 15 Jan 2021 Last Revised: 27 Jan 2023
Ilona Babenko, Hendrik Bessembinder and Yuri Tserlukevich
Arizona State University, W.P. Carey School of Business and Arizona State University (ASU)
Downloads 481 (124,808)

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hedging, risk management, debt, covenants, credit boom, fracking

14.

Share Repurchases and Pay-Performance Sensitivity of Employee Compensation Contracts

Journal of Finance, Vol. 64, pp. 117-151, 2009
Number of pages: 53 Posted: 08 Dec 2008
Ilona Babenko
Arizona State University
Downloads 465 (129,905)
Citation 7

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pay-performance sensitivity, share repurchases, stock options

15.

Embracing Risk: Hedging Policy for Firms with Real Options

Number of pages: 63 Posted: 16 Mar 2011 Last Revised: 18 Aug 2021
Ilona Babenko and Yuri Tserlukevich
Arizona State University and Arizona State University (ASU)
Downloads 427 (143,749)

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hedging, risk management, investment options, financing constraints, investment

16.

Market Timing with Cay

Journal of Portfolio Management, Forthcoming
Number of pages: 28 Posted: 14 Jun 2005
Sandro C. Andrade, Ilona Babenko and Yuri Tserlukevich
University of Miami - Department of Finance, Arizona State University and Arizona State University (ASU)
Downloads 409 (151,117)
Citation 1

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Market Timing, Investments, CAY

17.

Is Market Timing Good for Shareholders?

Western Finance Association 2015, European Finance Association 2015, Finance Down Under 2015
Number of pages: 41 Posted: 08 Aug 2012 Last Revised: 15 Dec 2017
Ilona Babenko, Yuri Tserlukevich and Pengcheng Wan
Arizona State University, Arizona State University (ASU) and Arizona State University (ASU) - Finance Department
Downloads 389
Citation 7

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equity market timing, signaling, SEO, share repurchase

18.

Does Better Access to Disclosure Curb CEO Pay? Evidence from a Modern Information Technology Improvement

HKU Jockey Club Enterprise Sustainability Global Research Institute - Archive
Number of pages: 65 Posted: 31 Jul 2023 Last Revised: 13 Jan 2025
Ilona Babenko, Benjamin Bennett and Zexi Wang
Arizona State University, Tulane University - A.B. Freeman School of Business and Lancaster University
Downloads 351 (179,681)

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Executive compensation, disclosure, incentives, CEO turnover JEL codes: G30, G32

19.

Analyzing the Tax Benefits from Employee Stock Options

Journal of Finance, Forthcoming, EFA 2008 Athens Meetings Paper
Number of pages: 57 Posted: 03 Mar 2008 Last Revised: 03 Jan 2009
Ilona Babenko and Yuri Tserlukevich
Arizona State University and Arizona State University (ASU)
Downloads 321 (197,226)
Citation 8

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stock options, capital structure, tax

20.

Why Firms Issue Stock to Their Own Employees?

Number of pages: 50 Posted: 08 Dec 2008 Last Revised: 18 Mar 2012
Ilona Babenko
Arizona State University
Downloads 217 (293,109)

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stock options, signaling, adverse selection, asymmetric information

21.

Information Acquisition and Corporate Debt Illiquidity

2016 American Economic Association Meeting
Number of pages: 53 Posted: 01 Nov 2014 Last Revised: 20 Mar 2018
Ilona Babenko and Lei Mao
Arizona State University and The Chinese University of Hong Kong, Shenzhen
Downloads 171 (364,583)

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Security design, information acquisition, corporate governance, securitization

22.

CECL and Bank CEO Compensation

SMU Cox School of Business Research Paper No. 24-8, Olin Business School Center for Finance & Accounting Research Paper No. 2024/12, HKU Jockey Club Enterprise Sustainability Global Research Institute - Archive
Number of pages: 71 Posted: 24 Jul 2024 Last Revised: 13 Jan 2025
Ilona Babenko, Benjamin Bennett, Gauri Bhat and Todd T. Milbourn
Arizona State University, Tulane University - A.B. Freeman School of Business, Southern Methodist University (SMU) - Accounting Department and Washington University in Saint Louis - Olin Business School
Downloads 168 (370,301)

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Pay-Performance Sensitivity, Earnings-Based Incentive Compensation, CECL

23.

Mega-Donors and Representation of the Wealthy in the Wake of Citizens United

HKU Jockey Club Enterprise Sustainability Global Research Institute - Archive
Number of pages: 50 Posted: 11 Mar 2024 Last Revised: 15 Jan 2025
Ilona Babenko, Viktar Fedaseyeu and Guosong Xu
Arizona State University, China Europe International Business School (CEIBS) and Rotterdam School of Management, Erasmus University
Downloads 165 (376,094)

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Wealthy Donors, Campaign Contributions, Citizens United

24.

Corporate Hedging, Contract Rights, and Basis Risk

HKU Jockey Club Enterprise Sustainability Global Research Institute - Archive
Number of pages: 75 Posted: 02 Aug 2023 Last Revised: 13 Jan 2025
Ilona Babenko and Yuri Tserlukevich
Arizona State University and Arizona State University (ASU)
Downloads 147 (414,371)

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hedging, risk management, derivatives, event of default, distress, basis risk, ISDA, Master Agreement

25.

Dynamic Competition and Expected Returns

Number of pages: 60 Posted: 05 Dec 2019 Last Revised: 10 Aug 2023
Ilona Babenko, Oliver Boguth and Yuri Tserlukevich
Arizona State University, Arizona State University (ASU) - Finance Department and Arizona State University (ASU)
Downloads 137 (438,156)

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competition, investment, betas, priced risk, returns

Other Papers (2)

Total Downloads: 1,206
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1.

Optimal Capital Structure of the Firm in the Presence of Costs of Financial Distress

Number of pages: 45 Posted: 01 Jul 2004
Ilona Babenko
Arizona State University
Downloads 881

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2.

Agency Implications of Equity Market Timing

AFA 2013 San Diego Meetings Paper
Number of pages: 52 Posted: 20 Mar 2012 Last Revised: 27 Apr 2015
Yuri Tserlukevich, Ilona Babenko and Pengcheng Wan
Arizona State University (ASU), Arizona State University and Arizona State University (ASU) - Finance Department
Downloads 325

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agency, market timing, repurchase