Andrey Malenko

Boston College

140 Commonwealth Avenue

Chestnut Hill, MA 02467

United States

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

http://www.amalenko.com

SCHOLARLY PAPERS

24

DOWNLOADS
Rank 5,893

SSRN RANKINGS

Top 5,893

in Total Papers Downloads

13,365

SSRN CITATIONS
Rank 4,906

SSRN RANKINGS

Top 4,906

in Total Papers Citations

271

CROSSREF CITATIONS

95

Scholarly Papers (24)

1.

Optimal Dynamic Capital Budgeting

Number of pages: 49 Posted: 19 Nov 2010 Last Revised: 25 Aug 2018
Andrey Malenko
Boston College
Downloads 1,353 (27,497)
Citation 41

Abstract:

Loading...

principal-agent, capital budgeting, internal capital markets, repeated interactions

2.

A Theory of LBO Activity Based on Repeated Debt-Equity Conflicts

Journal of Financial Economics (JFE), 117 (3), 607-627, September 2015
Number of pages: 52 Posted: 16 Apr 2013 Last Revised: 08 Aug 2015
Andrey Malenko and Nadya Malenko
Boston College and Boston College, Carroll School of Management
Downloads 1,004 (42,237)
Citation 10

Abstract:

Loading...

Private equity, leveraged buyout, LBO, reputation, club deals, externalities, capital structure, debt-equity conflicts

Corporate Governance in the Presence of Active and Passive Delegated Investment

European Corporate Governance Institute – Finance Working Paper 695/2020, Olin Business School Center for Finance & Accounting Research Paper No. Forthcoming
Number of pages: 55 Posted: 31 Aug 2020 Last Revised: 15 Dec 2023
Adrian Aycan Corum, Andrey Malenko and Nadya Malenko
Cornell University - Samuel Curtis Johnson Graduate School of Management, Boston College and Boston College, Carroll School of Management
Downloads 941 (45,748)
Citation 1

Abstract:

Loading...

corporate governance, delegated asset management, passive funds, index funds, competition, investment stewardship, engagement, monitoring

Corporate Governance in the Presence of Active and Passive Delegated Investment

CEPR Discussion Paper No. DP15230
Number of pages: 63 Posted: 12 Sep 2020 Last Revised: 04 Feb 2022
Adrian Aycan Corum, Andrey Malenko and Nadya Malenko
Cornell University - Samuel Curtis Johnson Graduate School of Management, Boston College and Boston College, Carroll School of Management
Downloads 0
  • Add to Cart

Abstract:

Loading...

Competition, corporate governance, delegated asset management, engagement, Index funds, investment stewardship, passive funds

4.

Proxy Advisory Firms: The Economics of Selling Information to Voters

Journal of Finance, Vol 74, No. 5, October 2019
Number of pages: 54 Posted: 03 Apr 2016 Last Revised: 01 Oct 2019
Andrey Malenko and Nadya Malenko
Boston College and Boston College, Carroll School of Management
Downloads 920 (47,686)
Citation 49

Abstract:

Loading...

Proxy advisors, sale of information, information acquisition, shareholder voting, strategic voting, information aggregation

5.

Strategic and Financial Bidders in Takeover Auctions

Journal of Finance, Forthcoming
Number of pages: 74 Posted: 03 Mar 2010 Last Revised: 02 Apr 2014
Alexander S. Gorbenko and Andrey Malenko
University College London - Department of Economics and School of Management and Boston College
Downloads 913 (48,215)
Citation 51

Abstract:

Loading...

Mergers and Acquisitions, Strategic Bidders, Financial Bidders, Takeover Auctions

6.
Downloads 849 (53,357)
Citation 2

Creating Controversy in Proxy Voting Advice

European Corporate Governance Institute – Finance Working Paper No. 772/2021
Number of pages: 61 Posted: 13 May 2021 Last Revised: 06 Nov 2023
Andrey Malenko, Nadya Malenko and Chester S. Spatt
Boston College, Boston College, Carroll School of Management and Carnegie Mellon University - David A. Tepper School of Business
Downloads 834 (53,825)
Citation 1

Abstract:

Loading...

proxy advisor, voting, sale of information, information design, Bayesian persuasion, controversy, bias, proxy research reports, vote recommendations

Creating Controversy in Proxy Voting Advice

NBER Working Paper No. w29036
Number of pages: 53 Posted: 19 Jul 2021 Last Revised: 04 May 2023
Andrey Malenko, Nadya Malenko and Chester Spatt
Boston College, Boston College, Carroll School of Management and Carnegie Mellon University
Downloads 15 (1,027,586)
Citation 1

Abstract:

Loading...

7.

Asymmetric Information and Security Design under Knightian Uncertainty

Number of pages: 88 Posted: 18 Jan 2018 Last Revised: 25 Oct 2023
Andrey Malenko and Anton Tsoy
Boston College and University of Toronto - Department of Economics
Downloads 814 (56,701)
Citation 12

Abstract:

Loading...

robustness, security design, asymmetric information, Knightian uncertainty, signaling

8.
Downloads 684 (70,959)

Voting Choice

European Corporate Governance Institute – Finance Working Paper No. 910/2023, Olin Business School Center for Finance & Accounting Research Paper No. Forthcoming
Number of pages: 60 Posted: 22 Mar 2023 Last Revised: 18 Apr 2024
Andrey Malenko and Nadya Malenko
Boston College and Boston College, Carroll School of Management
Downloads 681 (70,347)

Abstract:

Loading...

voting, delegation, voting choice, pass-through voting, ESG, index funds, aggregation of information, heterogeneous preferences, externalities

Voting Choice

NBER Working Paper No. w31636
Number of pages: 51 Posted: 05 Sep 2023
Andrey Malenko and Nadya Malenko
Boston College and Boston College, Carroll School of Management
Downloads 3 (1,144,076)
  • Add to Cart

Abstract:

Loading...

Advising the Management: A Theory of Shareholder Engagement

Review of Financial Studies, Forthcoming, European Corporate Governance Institute – Finance Working Paper No. 829/2022
Number of pages: 58 Posted: 25 Aug 2018 Last Revised: 20 Mar 2023
University of California, Berkeley, Columbia University - Graduate School of Arts and Sciences, Boston College and Boston College, Carroll School of Management
Downloads 672 (71,579)
Citation 3

Abstract:

Loading...

shareholder engagement, communication, advice, managerial learning, cheap talk, heterogeneous beliefs, ownership structure, passive funds, advisory voting

Advising the Management: A Theory of Shareholder Engagement

CEPR Discussion Paper No. DP17363
Number of pages: 57 Posted: 23 Jun 2022
University of California, Berkeley, Columbia University - Graduate School of Arts and Sciences, Boston College and Boston College
Downloads 0
Citation 6
  • Add to Cart

Abstract:

Loading...

Advice, advisory voting, cheap talk, communication, heterogeneous beliefs, Managerial learning, Ownership Structure, passive funds, shareholder engagement

10.

The Timing and Method of Payment in Mergers when Acquirers Are Financially Constrained

Number of pages: 49 Posted: 18 Feb 2013 Last Revised: 31 Oct 2017
Alexander S. Gorbenko and Andrey Malenko
University College London - Department of Economics and School of Management and Boston College
Downloads 668 (73,136)
Citation 21

Abstract:

Loading...

Auctions, financial constraints, mergers and acquisitions, real options, security design

Corporate Governance Implications of the Growth in Indexing

European Corporate Governance Institute – Finance Working Paper No. 849/2022
Number of pages: 42 Posted: 28 Sep 2022 Last Revised: 06 Mar 2023
Alon Brav, Andrey Malenko and Nadya Malenko
Duke University - Fuqua School of Business, Boston College and Boston College, Carroll School of Management
Downloads 643 (75,934)

Abstract:

Loading...

passive funds, index funds, corporate governance, institutional investors, shareholder activism, engagement, stewardship, Big Three, voting

Corporate Governance Implications of the Growth in Indexing

NBER Working Paper No. w30718
Number of pages: 36 Posted: 05 Dec 2022 Last Revised: 08 Jun 2023
Alon Brav, Nadya Malenko and Andrey Malenko
Duke University - Fuqua School of Business, Boston College, Carroll School of Management and Boston College
Downloads 12 (1,059,957)
  • Add to Cart

Abstract:

Loading...

12.

Real Options Signaling Games with Applications to Corporate Finance

Review of Financial Studies, Vol. 24, No. 12, pp. 3993-4036, Rock Center for Corporate Governance at Stanford University Working Paper No. 57
Number of pages: 83 Posted: 23 Mar 2009 Last Revised: 04 Feb 2013
Steven R. Grenadier and Andrey Malenko
Stanford Graduate School of Business and Boston College
Downloads 584 (86,627)
Citation 11

Abstract:

Loading...

irreversible investment, real options, signaling, asymmetric information, agency conflicts, venture capital, cash flow diversion, competition

13.

Selling to Advised Buyers

Number of pages: 50 Posted: 12 Dec 2015 Last Revised: 22 Sep 2018
Andrey Malenko and Anton Tsoy
Boston College and University of Toronto - Department of Economics
Downloads 559 (91,558)
Citation 2

Abstract:

Loading...

auction design, mechanism design, communication, cheap talk

14.

Optimal Time-Consistent Debt Policies

Number of pages: 97 Posted: 04 Jun 2020 Last Revised: 26 Mar 2024
Andrey Malenko and Anton Tsoy
Boston College and University of Toronto - Department of Economics
Downloads 523 (99,431)
Citation 3

Abstract:

Loading...

Capital Structure, Tradeoff Theory, Target Leverage, Time-Consistency, Reputation, Debt Maturity, Credit Spreads

15.

A Bayesian Approach to Real Options: The Case of Distinguishing between Temporary and Permanent Shocks

Journal of Finance, Vol. 65, No. 5, pp. 1949-1986, AFA 2009 San Francisco Meetings Paper, EFA 2008 Athens Meetings Paper
Number of pages: 70 Posted: 06 Mar 2008 Last Revised: 21 Nov 2010
Steven R. Grenadier and Andrey Malenko
Stanford Graduate School of Business and Boston College
Downloads 503 (104,345)
Citation 8

Abstract:

Loading...

irreversible investment, real options, Bayesian updating, learning, temporary and permanent shocks, mean reversion

16.

Timing Decisions in Organizations: Communication and Authority in a Dynamic Environment

American Economic Review, Vol. 106, No. 9, September 2016
Number of pages: 85 Posted: 14 Nov 2014 Last Revised: 01 Sep 2016
Steven R. Grenadier, Andrey Malenko and Nadya Malenko
Stanford Graduate School of Business, Boston College and Boston College, Carroll School of Management
Downloads 450 (119,151)
Citation 15

Abstract:

Loading...

organizational economics, real options, delegation, communication, cheap talk, allocation of authority, timing decisions

17.

Strategic Decisions in Takeover Auctions

Tuck School of Business Working Paper No. 3474091 (2019), Annual Review of Financial Economics, forthcoming
Number of pages: 59 Posted: 24 Oct 2019 Last Revised: 24 Aug 2020
B. Espen Eckbo, Andrey Malenko and Karin S. Thorburn
Tuck School of Business at Dartmouth, Boston College and Norwegian School of Economics
Downloads 341 (163,054)
Citation 3

Abstract:

Loading...

takeover initiation, auction, negotiation, optimal bidding, payment method, competition premption, bidder opportunism

18.

Catching Outliers: Committee Voting and the Limits of Consensus when Financing Innovation

Harvard Business School Entrepreneurial Management Working Paper No. 21-131
Number of pages: 71 Posted: 16 Jun 2021 Last Revised: 12 Apr 2024
Boston College, Imperial College Business School, Harvard Business School - Entrepreneurial Management Unit and Imperial College Business School
Downloads 315 (179,808)
Citation 6

Abstract:

Loading...

optimal voting rules; venture capital; committees; innovation

19.

Auctions with Endogenous Initiation

Journal of Finance
Number of pages: 86 Posted: 07 Aug 2017 Last Revised: 20 Mar 2023
Alexander S. Gorbenko and Andrey Malenko
University College London - Department of Economics and School of Management and Boston College
Downloads 262 (214,545)
Citation 7

Abstract:

Loading...

auctions of companies, auction design, mergers and acquisitions

20.

Competition among Sellers in Securities Auctions

American Economic Review, Vol. 101, No. 5, pp. 1806-1841
Number of pages: 62 Posted: 06 Mar 2008 Last Revised: 31 Aug 2011
Alexander S. Gorbenko and Andrey Malenko
University College London - Department of Economics and School of Management and Boston College
Downloads 233 (240,709)
Citation 5

Abstract:

Loading...

auctions, security design, competition among sellers, simultaneous auctions, endogenous entry

21.

Procurement Auctions with Advised Bidders

Number of pages: 26 Posted: 30 Dec 2020
Andrey Malenko and Anton Tsoy
Boston College and University of Toronto - Department of Economics
Downloads 61 (644,136)

Abstract:

Loading...

procurement, advised bidders, cheap talk, agency problems

Investment Busts, Reputation, and the Temptation to Blend in with the Crowd

NBER Working Paper No. w17945
Number of pages: 46 Posted: 31 Mar 2012 Last Revised: 15 Jul 2023
Stanford Graduate School of Business, Boston College and Stanford University - Graduate School of Business
Downloads 61 (655,820)
Citation 2

Abstract:

Loading...

Investment Busts, Reputation, and the Temptation to Blend in with the Crowd

Journal of Financial Economics (JFE) 111(1): 137-157, January 2014, AFA 2013 San Diego Meetings Paper, Rock Center for Corporate Governance at Stanford University Working Paper No. 115
Posted: 20 Mar 2012 Last Revised: 02 Oct 2017
Stanford Graduate School of Business, Boston College and Stanford University - Graduate School of Business

Abstract:

Loading...

abandonment, real options, signaling, asymmetric information, reputation

23.

Creating Controversy in Proxy Voting Advice

CEPR Discussion Paper No. DP16352
Number of pages: 55 Posted: 14 Jul 2021 Last Revised: 27 May 2022
Andrey Malenko, Nadya Malenko and Chester S. Spatt
Boston College, Boston College and Carnegie Mellon University - David A. Tepper School of Business
Downloads 0 (1,123,544)
Citation 3
  • Add to Cart

Abstract:

Loading...

Bayesian persuasion, bias, controversy, corporate governance, information design, proxy advisor, sale of information, voting

24.

Strategic Decisions in Takeover Auctions: Recent Developments

Annual Review of Financial Economics, Vol. 12, pp. 237-276, 2020
Posted: 10 Dec 2020
B. Espen Eckbo, Andrey Malenko and Karin S. Thorburn
Tuck School of Business at Dartmouth, Boston College and Norwegian School of Economics

Abstract:

Loading...