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

19

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SSRN CITATIONS
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Top 9,114

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36

CROSSREF CITATIONS

90

Scholarly Papers (19)

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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 1,575 (11,994)
Citation 16

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

2.

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 843 (30,739)
Citation 3

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

3.

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 Boston College - Department of Finance
Downloads 727 (37,616)
Citation 5

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

4.

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 New South Wales (UNSW)
Downloads 592 (49,434)
Citation 4

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

5.

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 581 (50,677)
Citation 3

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

6.

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 553 (53,888)
Citation 7

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7.

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 New South Wales (UNSW)
Downloads 521 (58,171)
Citation 11

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employee stock purchase plans, insider trading, return predictability

8.

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 438 (72,021)
Citation 7

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financial constraints, stock options, investment

9.

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 392 (82,061)
Citation 6

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pay-performance sensitivity, share repurchases, stock options

10.

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 363 (89,695)

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Market Timing, Investments, CAY

11.

Embracing Risk: Hedging Policy for Firms with Real Options

Number of pages: 59 Posted: 16 Mar 2011 Last Revised: 11 Aug 2019
Ilona Babenko and Yuri Tserlukevich
Arizona State University and Arizona State University (ASU)
Downloads 303 (109,704)

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

12.

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 295
Citation 1

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equity market timing, signaling, SEO, share repurchase

13.

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 268 (124,935)
Citation 1

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stock options, capital structure, tax

14.

Management (of) Proposals

Number of pages: 58 Posted: 20 Apr 2018 Last Revised: 22 Dec 2019
Ilona Babenko, Goeun Choi and Rik Sen
Arizona State University, Arizona State University (ASU) - Finance Department and University of New South Wales (UNSW)
Downloads 248 (135,368)
Citation 3

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Corporate Voting, Management Proposals, Shareholder Proposals, Manipulation

15.

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: 52 Posted: 26 Nov 2017 Last Revised: 24 Mar 2020
Ilona Babenko, Viktar Fedaseyeu and Song Zhang
Arizona State University, China Europe International Business School (CEIBS) and Boston College - Department of Finance
Downloads 247 (135,911)

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business politicians, executives, regulation, corporate political connections

16.

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 167 (196,203)

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

17.

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 167 (195,173)

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stock options, signaling, adverse selection, asymmetric information

18.

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 117 (259,259)

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Security design, information acquisition, corporate governance, securitization

19.

Dynamic Competition and Expected Returns

Number of pages: 56 Posted: 05 Dec 2019
Ilona Babenko, Oliver Boguth and Yuri Tserlukevich
Arizona State University, Arizona State University (ASU) - Finance Department and Arizona State University (ASU)
Downloads 25 (536,526)

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competition, investment, betas, priced risk, returns

Other Papers (2)

Total Downloads: 1,106
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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 810

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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 296

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agency, market timing, repurchase