Vyacheslav Fos

Boston College - Department of Finance

Carroll School of Management

140 Commonwealth Avenue

Chestnut Hill, MA 02467-3808

United States

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

Centre for Economic Policy Research (CEPR)

London

United Kingdom

SCHOLARLY PAPERS

33

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32,313

SSRN CITATIONS
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SSRN RANKINGS

Top 1,611

in Total Papers Citations

816

CROSSREF CITATIONS

232

Scholarly Papers (33)

1.

The Real Effects of Share Repurchases

Forthcoming, Journal of Financial Economics (JFE)
Number of pages: 58 Posted: 08 Jun 2013 Last Revised: 19 Jun 2015
Heitor Almeida, Vyacheslav Fos and Mathias Kronlund
University of Illinois at Urbana-Champaign, Boston College - Department of Finance and Tulane University
Downloads 2,887 (8,549)
Citation 89

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Share repurchases, employment, investment, regression discontinuity

The Political Polarization of Corporate America

Number of pages: 60 Posted: 18 Feb 2021 Last Revised: 16 Aug 2023
Boston College - Department of Finance, Harvard University - Business School (HBS) and Washington University in Saint Louis, John M. Olin Business School
Downloads 2,494 (10,602)
Citation 1

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political polarization, partisanship, executives, management teams, governance, diversity

The Political Polarization of Corporate America

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2022-77, George J. Stigler Center for the Study of the Economy & the State Working Paper No. 313
Number of pages: 60 Posted: 29 Mar 2022 Last Revised: 22 Jan 2024
Boston College - Department of Finance, Harvard University - Business School (HBS) and Washington University in Saint Louis, John M. Olin Business School
Downloads 389 (141,759)

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3.

Institutional Investors and Corporate Governance

Foundations and Trends in Finance, forthcoming, European Corporate Governance Institute – Finance Working Paper 700/2020
Number of pages: 112 Posted: 03 Sep 2020 Last Revised: 13 Jul 2021
Amil Dasgupta, Vyacheslav Fos and Zacharias Sautner
London School of Economics (LSE), Boston College - Department of Finance and University of Zurich - Department of Finance
Downloads 2,853 (8,701)
Citation 29

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Institutional Investors, Corporate Governance, Exit, Voice, Shareholder Activism, Proxy Voting Advisors

4.

Informed Trading Intensity

Journal of Finance, Forthcoming
Number of pages: 93 Posted: 15 Jun 2021 Last Revised: 11 Jul 2023
Boston College - Department of Finance, Boston College - Department of Finance and Michigan State University - Department of Finance
Downloads 2,322 (12,125)
Citation 6

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Informed trading, machine learning, adverse selection, stock returns, intraday data

5.
Downloads 1,773 (18,584)
Citation 3

Short Campaigns by Hedge Funds

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 609/2019
Number of pages: 69 Posted: 12 Sep 2018 Last Revised: 14 Aug 2023
Ian Appel and Vyacheslav Fos
UVA Darden and Boston College - Department of Finance
Downloads 1,771 (18,293)
Citation 2

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Activist Hedge Funds, Short Selling, Strategic Communication

Active Short Selling by Hedge Funds

CEPR Discussion Paper No. DP13788
Number of pages: 56 Posted: 11 Jun 2019 Last Revised: 29 Jul 2019
Ian Appel, Jordan Bulka and Vyacheslav Fos
UVA Darden, Boston College, Carroll School of Management and Boston College - Department of Finance
Downloads 2 (1,171,806)
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6.
Downloads 1,687 (20,050)
Citation 112

Do Prices Reveal the Presence of Informed Trading?

Journal of Finance, Volume 70, Issue 4, August 2015, Pages 1555-1582
Number of pages: 45 Posted: 16 Mar 2012 Last Revised: 08 Sep 2015
Pierre Collin-Dufresne and Vyacheslav Fos
Ecole Polytechnique Fédérale de Lausanne and Boston College - Department of Finance
Downloads 1,524 (23,022)
Citation 2

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informed trading, liquidity, transaction costs, selection bias, activist shareholders

Do Prices Reveal the Presence of Informed Trading?

Netspar Discussion Paper No. 08/2012-037
Number of pages: 50 Posted: 25 Nov 2012 Last Revised: 09 Oct 2022
Pierre Collin-Dufresne and Vyacheslav Fos
Ecole Polytechnique Fédérale de Lausanne and Boston College - Department of Finance
Downloads 118 (436,822)
Citation 1

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Informed trading, liquidity, transaction costs, selection bias, activist shareholders

Do Prices Reveal the Presence of Informed Trading?

NBER Working Paper No. w18452
Number of pages: 50 Posted: 13 Oct 2012 Last Revised: 03 Jun 2023
Pierre Collin-Dufresne and Vyacheslav Fos
Ecole Polytechnique Fédérale de Lausanne and Boston College - Department of Finance
Downloads 45 (765,509)
Citation 16

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7.

The Disciplinary Effects of Proxy Contests

Management Science, Forthcoming
Number of pages: 45 Posted: 08 Nov 2010 Last Revised: 31 Jul 2015
Vyacheslav Fos
Boston College - Department of Finance
Downloads 1,464 (24,851)
Citation 46

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Proxy Contests, Shareholder Activism, Agency problem

8.
Downloads 1,240 (31,742)
Citation 21

Tuition, Debt, and Human Capital

Number of pages: 51 Posted: 20 Jan 2017 Last Revised: 06 Feb 2020
Federal Reserve Bank of New York, Boston College - Department of Finance, Betterfly and University of Chicago
Downloads 997 (42,745)
Citation 4

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Student Debt, Human Capital, Postgraduate Education, Credit Constraints, Debt Overhang

Tuition, Debt, and Human Capital

FRB of New York Staff Report No. 912, Rev. February 2022, NYU Stern School of Business
Number of pages: 73 Posted: 07 Feb 2020 Last Revised: 25 Feb 2022
Federal Reserve Bank of New York, Boston College - Department of Finance, Betterfly and University of Chicago
Downloads 243 (233,088)
Citation 8

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tuition, student debt, human capital, credit constraints

9.
Downloads 1,228 (32,204)
Citation 5

Gig-Labor: Trading Safety Nets for Steering Wheels

Number of pages: 69 Posted: 05 Jul 2019 Last Revised: 16 Apr 2021
Boston College - Department of Finance, Equifax, Inc., Indiana University - Kelley School of Business - Department of Finance and University of Washington - Department of Finance and Business Economics
Downloads 1,225 (31,799)
Citation 7

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gig-economy, labor markets, unemployment insurance, household debt, credit delinquencies

Gig-Labor: Trading Safety Nets for Steering Wheels

CEPR Discussion Paper No. DP13885
Number of pages: 60 Posted: 02 Aug 2019
Boston College - Department of Finance, Equifax, Inc., Indiana University - Kelley School of Business - Department of Finance and University of Washington - Department of Finance and Business Economics
Downloads 3 (1,163,043)
Citation 1
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credit delinquencies, gig-economy, Household Debt, labor markets, Unemployment insurance

Insider Trading, Stochastic Liquidity and Equilibrium Prices

Econometrica, Forthcoming
Number of pages: 51 Posted: 17 Mar 2012 Last Revised: 24 Feb 2016
Pierre Collin-Dufresne and Vyacheslav Fos
Ecole Polytechnique Fédérale de Lausanne and Boston College - Department of Finance
Downloads 1,078 (38,221)
Citation 3

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Kyle model, insider trading, asymmetric information, liquidity, price impact, market depth, stochastic volatility, volume, subordinate process, execution costs, continuous time

Insider Trading, Stochastic Liquidity and Equilibrium Prices

Netspar Discussion Paper No. 05/2012-038
Number of pages: 53 Posted: 24 Nov 2012 Last Revised: 05 Feb 2015
Pierre Collin-Dufresne and Vyacheslav Fos
Ecole Polytechnique Fédérale de Lausanne and Boston College - Department of Finance
Downloads 106 (473,466)
Citation 1

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Kyle model, insider trading, asymmetric information, liquidity, price impact, market depth, stochastic volatility, execution costs, continuous time

Insider Trading, Stochastic Liquidity and Equilibrium Prices

NBER Working Paper No. w18451
Number of pages: 49 Posted: 13 Oct 2012 Last Revised: 02 Jun 2023
Pierre Collin-Dufresne and Vyacheslav Fos
Ecole Polytechnique Fédérale de Lausanne and Boston College - Department of Finance
Downloads 29 (896,586)
Citation 15

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11.

Do Director Elections Matter?

Chicago Booth Research Paper No. 17-08
Number of pages: 67 Posted: 24 May 2015 Last Revised: 06 Jul 2017
Vyacheslav Fos, Kai Li and Margarita Tsoutsoura
Boston College - Department of Finance, University of British Columbia (UBC) - Sauder School of Business and Washington University in Saint Louis, John M. Olin Business School
Downloads 1,138 (35,846)
Citation 29

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director elections; director nominations; staggered boards; CEO turnover–performance sensitivity; agency problems; corporate governance

12.

A Race to Lead: How Chinese Government Interventions Shape U.S.-China Production Competition

Number of pages: 70 Posted: 15 Apr 2020 Last Revised: 15 Mar 2022
Xiao Cen, Vyacheslav Fos and Wei Jiang
Mays Business School, Texas A&M University, Boston College - Department of Finance and Emory University Goizueta Business School
Downloads 1,034 (41,241)
Citation 1

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Investment policy, employment, subsidies, industrial policy

13.

Informed Trading in the Stock Market and Option Price Discovery

Swiss Finance Institute Research Paper No. 15-55
Number of pages: 66 Posted: 19 Oct 2015 Last Revised: 04 Mar 2020
Ecole Polytechnique Fédérale de Lausanne, Boston College - Department of Finance and Michigan State University - Department of Finance
Downloads 987 (44,003)
Citation 4

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14.

Innovation under Pressure

Number of pages: 63 Posted: 05 Sep 2020 Last Revised: 17 Jan 2024
University of Illinois at Urbana-Champaign, Boston College - Department of Finance, National Tsing Hua University - Department of Quantitative Finance, Tulane University and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 976 (44,672)

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Innovation, short-termism, EPS management, patents, trademarks, exploration

15.

Shareholder Democracy in Play: Career Consequences of Proxy Contests

Journal of Financial Economics (JFE), Volume 114, Issue 2
Number of pages: 65 Posted: 18 Jul 2013 Last Revised: 28 Jan 2015
Vyacheslav Fos and Margarita Tsoutsoura
Boston College - Department of Finance and Washington University in Saint Louis, John M. Olin Business School
Downloads 920 (48,487)
Citation 23

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Proxy contests, Directors, Corporate governance, Agency problem

16.
Downloads 904 (49,688)
Citation 19

Activism, Strategic Trading, and Liquidity

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 497/2017, Swiss Finance Institute Research Paper No. 18-42
Number of pages: 56 Posted: 23 Nov 2016 Last Revised: 24 May 2018
Rice University - Jesse H. Jones Graduate School of Business, Ecole Polytechnique Fédérale de Lausanne, Boston College - Department of Finance, City University of Hong Kong (CityU) - Department of Economics & Finance and Centre for Economic Policy Research (CEPR)Swedish House of Finance
Downloads 838 (54,324)
Citation 3

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Kyle model, insider trading, strategic trading, asymmetric information, liquidity, price impact, market depth, activism, unobservable effort, economic efficiency, continuous time

Activism, Strategic Trading, and Liquidity

NBER Working Paper No. w22893
Number of pages: 48 Posted: 05 Dec 2016 Last Revised: 22 Jul 2023
Rice University - Jesse H. Jones Graduate School of Business, Ecole Polytechnique Fédérale de Lausanne, Boston College - Department of Finance, City University of Hong Kong (CityU) - Department of Economics & Finance and Centre for Economic Policy Research (CEPR)Swedish House of Finance
Downloads 64 (647,551)

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Activism, Strategic Trading, and Liquidity

CEPR Discussion Paper No. DP12372
Number of pages: 51 Posted: 16 Oct 2017
Rice University - Jesse H. Jones Graduate School of Business, Ecole Polytechnique Fédérale de Lausanne, Boston College - Department of Finance, City University of Hong Kong (CityU) - Department of Economics & Finance and Centre for Economic Policy Research (CEPR)Swedish House of Finance
Downloads 2 (1,171,806)
Citation 4
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activism, continuous time, economic efficiency, Kyle model, liquidity, market depth, price impact, strategic trading

17.

Inferring Reporting-Related Biases in Hedge Fund Databases from Hedge Fund Equity Holdings

Management Science, Forthcoming
Number of pages: 33 Posted: 18 Jan 2010 Last Revised: 13 Jul 2014
Vikas Agarwal, Vyacheslav Fos and Wei Jiang
Georgia State University, Boston College - Department of Finance and Emory University Goizueta Business School
Downloads 724 (66,996)
Citation 64

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hedge funds, mandatory and voluntary disclosure, selection and reporting biases

18.
Downloads 716 (67,929)
Citation 14

Value Creation in Shareholder Activism

European Corporate Governance Institute – Finance Working Paper No. 685/2020
Number of pages: 74 Posted: 07 Jul 2020 Last Revised: 16 Apr 2021
Boston College, Carroll School of Management, Boston College - Department of Finance and EDHEC Business School
Downloads 714 (67,213)
Citation 1

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Shareholder activism, Value creation, Passive investors, Stock picking, Schedule 13D, Schedule 13G, Structural estimation

Value Creation in Shareholder Activism: A Structural Approach

CEPR Discussion Paper No. DP14995
Number of pages: 86 Posted: 28 Jul 2020 Last Revised: 07 Sep 2020
Boston College, Carroll School of Management, Boston College - Department of Finance and EDHEC Business School
Downloads 2 (1,171,806)
Citation 1
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Passive investors, Shareholder activism, Stock picking, structural estimation, value creation

Do Short-Term Incentives Affect Long-Term Productivity?

European Corporate Governance Institute – Finance Working Paper No. 662/2020
Number of pages: 56 Posted: 01 Jul 2019 Last Revised: 10 Jan 2023
University of Illinois at Urbana-Champaign, Southern Methodist University (SMU) - Finance Department, Boston College - Department of Finance, University of Illinois at Urbana-Champaign - Department of Finance and Tulane University
Downloads 682 (71,334)
Citation 5

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Productivity, Employment, Labor unions, Investment, Short-termism, Share repurchases

Do Short-Term Incentives Affect Long-Term Productivity?

CEPR Discussion Paper No. DP13894
Number of pages: 46 Posted: 02 Aug 2019
University of Illinois at Urbana-Champaign, Southern Methodist University (SMU) - Finance Department, Boston College - Department of Finance, University of Illinois at Urbana-Champaign - Department of Finance and Tulane University
Downloads 2 (1,171,806)
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employment, investment, Labor Unions, productivity, Share repurchases, Short-termism

20.

Does Disagreement Facilitate Informed Trading?

Number of pages: 50 Posted: 18 Feb 2021 Last Revised: 28 Sep 2022
J. Anthony Cookson, Vyacheslav Fos and Marina Niessner
University of Colorado at Boulder - Leeds School of Business, Boston College - Department of Finance and Indiana University - Kelley School of Business - Department of Finance
Downloads 620 (81,567)

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disagreement, informed trading, short sellers, insider trading, activist investors

21.

The Distribution of Voting Rights to Shareholders

European Corporate Governance Institute – Finance Working Paper No. 733/2021
Number of pages: 61 Posted: 15 Apr 2021 Last Revised: 06 Jan 2022
Vyacheslav Fos and Clifford G. Holderness
Boston College - Department of Finance and Boston College - Department of Finance
Downloads 606 (83,878)

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Shareholder voting, ex day, record date, corporate governance

22.
Downloads 580 (88,705)
Citation 23

The Sound of Many Funds Rebalancing

Number of pages: 59 Posted: 16 Apr 2016 Last Revised: 12 May 2020
Alex Chinco and Vyacheslav Fos
City University of NY, Baruch College, Zicklin School of Business and Boston College - Department of Finance
Downloads 579 (87,811)
Citation 16

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Noise, Thresholds, Complexity, Indexing

The Sound of Many Funds Rebalancing

CEPR Discussion Paper No. DP13561
Number of pages: 57 Posted: 07 Mar 2019 Last Revised: 11 Mar 2019
Alex Chinco and Vyacheslav Fos
City University of NY, Baruch College, Zicklin School of Business and Boston College - Department of Finance
Downloads 1 (1,180,941)
Citation 12
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Complexity, Indexing, noise, thresholds

Shareholder Activism, Informed Trading, and Stock Prices

Swiss Finance Institute Research Paper No. 13-70
Number of pages: 56 Posted: 26 Sep 2013 Last Revised: 21 Feb 2015
Pierre Collin-Dufresne and Vyacheslav Fos
Ecole Polytechnique Fédérale de Lausanne and Boston College - Department of Finance
Downloads 522 (100,084)

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Informed trading, asymmetric information, liquidity, moral hazard, shareholder activism, price eciency, continuous time

Moral Hazard, Informed Trading, and Stock Prices

NBER Working Paper No. w19619
Number of pages: 63 Posted: 09 Nov 2013 Last Revised: 09 Feb 2023
Pierre Collin-Dufresne and Vyacheslav Fos
Ecole Polytechnique Fédérale de Lausanne and Boston College - Department of Finance
Downloads 55 (699,000)

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24.

Trading Ahead of Barbarians' Arrival at the Gate: Insider Trading on Non-Inside Information

Columbia Business School Research Paper Forthcoming
Number of pages: 79 Posted: 30 Jan 2022 Last Revised: 17 Nov 2022
Georgy Chabakauri, Vyacheslav Fos and Wei Jiang
London School of Economics and Political Science, Boston College - Department of Finance and Emory University Goizueta Business School
Downloads 501 (106,400)
Citation 3

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insider trading, activist trading, shareholder activism

25.

Out-of-the-Money CEOs: Private Control Premium and Option Exercises

Review of Financial Studies, Forthcoming
Number of pages: 59 Posted: 17 Nov 2013 Last Revised: 08 Sep 2015
Vyacheslav Fos and Wei Jiang
Boston College - Department of Finance and Emory University Goizueta Business School
Downloads 473 (113,924)
Citation 13

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private benefits of control; proxy contests; insider trading; early option exercise

How Do U.S. Firms Withstand Foreign Industrial Policies?

Number of pages: 70 Posted: 22 Apr 2023 Last Revised: 11 Apr 2024
Xiao Cen, Vyacheslav Fos and Wei Jiang
Mays Business School, Texas A&M University, Boston College - Department of Finance and Emory University Goizueta Business School
Downloads 314 (179,150)

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Within-firm adjustment, foreign industrial policies, firm flexibility

How Do U.S. Firms Withstand Foreign Industrial Policies?

NBER Working Paper No. w32411
Number of pages: 70 Posted: 14 May 2024
Xiao Cen, Vyacheslav Fos and Wei Jiang
Mays Business School, Texas A&M University, Boston College - Department of Finance and Emory University Goizueta Business School
Downloads 2 (1,171,806)
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The Political Polarization of Corporate America

Chicago Booth Research Paper No. 22-14, Fama-Miller Working Paper
Number of pages: 60 Posted: 06 Jul 2022 Last Revised: 16 Aug 2023
Boston College - Department of Finance, Harvard University - Business School (HBS) and Washington University in Saint Louis, John M. Olin Business School
Downloads 229 (247,028)

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The Political Polarization of Corporate America

NBER Working Paper No. w30183
Number of pages: 60 Posted: 27 Jun 2022 Last Revised: 23 Jun 2023
Boston College - Department of Finance, Harvard University - Business School (HBS) and Washington University in Saint Louis, John M. Olin Business School
Downloads 16 (1,031,044)

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28.

What Happens 'Before the Birth' and 'After the Death' of a Hedge Fund?

Bankers, Markets & Investors, Forthcoming
Number of pages: 18 Posted: 14 Jul 2014
Vikas Agarwal, Vyacheslav Fos and Wei Jiang
Georgia State University, Boston College - Department of Finance and Emory University Goizueta Business School
Downloads 225 (252,219)
Citation 1

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database biases, self-selection bias, reporting bias, timing bias, hedge funds, mandatory and voluntary disclosure

29.
Downloads 190 (294,631)

The Threat of Intervention

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 602/2019
Number of pages: 58 Posted: 21 Apr 2018 Last Revised: 09 Oct 2022
Vyacheslav Fos and Charles M. Kahn
Boston College - Department of Finance and University of Illinois, Urbana-Champaign
Downloads 188 (296,778)

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Corporate governance, agency costs, shareholder activism, disciplinary effects, stock liquidity

The Threat of Intervention

CEPR Discussion Paper No. DP13654
Number of pages: 55 Posted: 09 Apr 2019
Vyacheslav Fos and Charles M. Kahn
Boston College - Department of Finance and University of Illinois, Urbana-Champaign
Downloads 2 (1,171,806)
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30.

A Diverse View on Board Diversity

Number of pages: 59 Posted: 20 Dec 2023 Last Revised: 25 Mar 2024
Vyacheslav Fos, Wei Jiang and Huasheng Nie
Boston College - Department of Finance, Emory University Goizueta Business School and University of California, Los Angeles (UCLA) - Finance Area
Downloads 160 (342,317)

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Board Diversity, Demographic diversity, Viewpoint diversity, Polarization, Crisis Management.

31.

The Effects of the Aggregate Stock Market on Mergers and Acquisitions

Number of pages: 52 Posted: 12 Feb 2020
Vyacheslav Fos and Jun Yang
Boston College - Department of Finance and University of Notre Dame
Downloads 137 (387,979)

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Mergers, Acquisitions, Stock Market Index Return, Synergies

32.

Local Monetary Policy

Number of pages: 49 Posted: 29 Mar 2024 Last Revised: 03 Apr 2024
Vyacheslav Fos, Tommaso Tamburelli and Nancy R. Xu
Boston College - Department of Finance, Boston College - Carroll School of Management and Boston College, Carroll School of Management
Downloads 50 (715,151)

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Federal Reserve System, monetary policy, local economic conditions, voting rights, discount window loans

33.

A Portfolio Choice Model With Utility from Anticipation of Future Consumption and Stock Market Mean Reversion

European Economic Review, Vol. 52, No. 8, 2008
Posted: 19 Mar 2012
affiliation not provided to SSRN, affiliation not provided to SSRN (deceased) and Boston College - Department of Finance

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portfolio choice, mean reversion, anticipation