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

  • Boston College - Department of Finance

  • European Corporate Governance Institute (ECGI)

  • Centre for Economic Policy Research (CEPR)

SCHOLARLY PAPERS

28

DOWNLOADS
Rank 2,416

SSRN RANKINGS

Top 2,416

in Total Papers Downloads

18,065

SSRN CITATIONS
Rank 2,641

SSRN RANKINGS

Top 2,641

in Total Papers Citations

275

CROSSREF CITATIONS

236

Scholarly Papers (28)

Actions:
Email selected abstracts
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 2,322 (7,704)
Citation 40

Abstract:

Loading...

Share repurchases, employment, investment, regression discontinuity

2.

Do Prices Reveal the Presence of Informed Trading?

Downloads 1,476 ( 15,956)
Citation 51

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 1,362 (17,687)
Citation 2

Abstract:

Loading...

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: 21 Feb 2013
Pierre Collin-Dufresne and Vyacheslav Fos
Ecole Polytechnique Fédérale de Lausanne and Boston College - Department of Finance
Downloads 91 (351,728)

Abstract:

Loading...

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: 30 Aug 2021
Pierre Collin-Dufresne and Vyacheslav Fos
Ecole Polytechnique Fédérale de Lausanne and Boston College - Department of Finance
Downloads 23 (639,001)
Citation 16

Abstract:

Loading...

3.

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 1,217 (21,317)
Citation 29

Abstract:

Loading...

Proxy Contests, Shareholder Activism, Agency problem

4.

Active Short Selling by Hedge Funds

Downloads 1,155 ( 23,019)
Citation 1

Active Short Selling by Hedge Funds

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 609/2019
Number of pages: 58 Posted: 12 Sep 2018 Last Revised: 21 Jul 2020
Ian Appel and Vyacheslav Fos
Boston College - Carroll School of Management and Boston College - Department of Finance
Downloads 1,153 (22,662)
Citation 1

Abstract:

Loading...

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
Boston College - Carroll School of Management, Boston College, Carroll School of Management and Boston College - Department of Finance
Downloads 2 (814,953)
  • Add to Cart

Abstract:

Loading...

5.

Insider Trading, Stochastic Liquidity and Equilibrium Prices

Downloads 1,070 ( 25,755)
Citation 31

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 994 (28,199)
Citation 2

Abstract:

Loading...

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 65 (428,400)
Citation 1

Abstract:

Loading...

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: 30 Aug 2021
Pierre Collin-Dufresne and Vyacheslav Fos
Ecole Polytechnique Fédérale de Lausanne and Boston College - Department of Finance
Downloads 11 (735,692)
Citation 15

Abstract:

Loading...

6.

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 Cornell University
Downloads 1,035 (27,010)
Citation 17

Abstract:

Loading...

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

7.

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 Frankfurt School of Finance & Management
Downloads 955 (30,292)
Citation 3

Abstract:

Loading...

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

8.

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 Cornell University
Downloads 843 (36,058)
Citation 23

Abstract:

Loading...

Proxy contests, Directors, Corporate governance, Agency problem

9.

Tuition, Debt, and Human Capital

Downloads 827 ( 36,988)
Citation 10

Tuition, Debt, and Human Capital

Number of pages: 51 Posted: 20 Jan 2017 Last Revised: 06 Feb 2020
Rajashri Chakrabarti, Vyacheslav Fos, Andres Liberman and Constantine Yannelis
Federal Reserve Bank of New York, Boston College - Department of Finance, New York University (NYU) - Department of Finance and University of Chicago
Downloads 730 (43,267)
Citation 5

Abstract:

Loading...

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

Tuition, Debt, and Human Capital

FRB of New York Staff Report No. 912, February 2020, NYU Stern School of Business
Number of pages: 55 Posted: 07 Feb 2020 Last Revised: 28 Dec 2020
Rajashri Chakrabarti, Vyacheslav Fos, Andres Liberman and Constantine Yannelis
Federal Reserve Bank of New York, Boston College - Department of Finance, New York University (NYU) - Department of Finance and University of Chicago
Downloads 97 (337,542)
Citation 8

Abstract:

Loading...

tuition, student debt, human capital, credit constraints

10.

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
Pierre Collin-Dufresne, Vyacheslav Fos and Dmitriy Muravyev
Ecole Polytechnique Fédérale de Lausanne, Boston College - Department of Finance and Michigan State University - Department of Finance
Downloads 743 (42,823)
Citation 4

Abstract:

Loading...

11.

Activism, Strategic Trading, and Liquidity

Downloads 725 ( 44,278)
Citation 11

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
Kerry Back, Pierre Collin-Dufresne, Vyacheslav Fos, Tao Li, Alexander Ljungqvist and Alexander Ljungqvist
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)Stockholm School of Economics
Downloads 699 (45,874)
Citation 3

Abstract:

Loading...

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: 30 Aug 2021
Kerry Back, Pierre Collin-Dufresne, Vyacheslav Fos, Tao Li, Alexander Ljungqvist and Alexander Ljungqvist
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)Stockholm School of Economics
Downloads 24 (631,581)

Abstract:

Loading...

Activism, Strategic Trading, and Liquidity

CEPR Discussion Paper No. DP12372
Number of pages: 51 Posted: 16 Oct 2017
Kerry Back, Pierre Collin-Dufresne, Vyacheslav Fos, Tao Li, Alexander Ljungqvist and Alexander Ljungqvist
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)Stockholm School of Economics
Downloads 2 (814,953)
Citation 5
  • Add to Cart

Abstract:

Loading...

activism, continuous time, economic efficiency, Kyle model, liquidity, market depth, price impact, strategic trading

12.

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 Columbia Business School - Finance and Economics
Downloads 631 (53,259)
Citation 40

Abstract:

Loading...

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

13.

Gig-Labor: Trading Safety Nets for Steering Wheels

Downloads 597 ( 57,102)
Citation 3

Gig-Labor: Trading Safety Nets for Steering Wheels

Number of pages: 69 Posted: 05 Jul 2019 Last Revised: 16 Apr 2021
Vyacheslav Fos, Naser Hamdi, Ankit Kalda, Ankit Kalda and Jordan Nickerson
Boston College - Department of Finance, Equifax, Inc., Indiana University - Kelley School of Business - Department of FinanceWashington University in Saint Louis, John M. Olin Business School and MIT - Sloan
Downloads 595 (56,688)
Citation 6

Abstract:

Loading...

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
Vyacheslav Fos, Naser Hamdi, Ankit Kalda, Ankit Kalda and Jordan Nickerson
Boston College - Department of Finance, Equifax, Inc., Indiana University - Kelley School of Business - Department of FinanceWashington University in Saint Louis, John M. Olin Business School and MIT - Sloan
Downloads 2 (814,953)
  • Add to Cart

Abstract:

Loading...

credit delinquencies, gig-economy, Household Debt, labor markets, Unemployment insurance

14.

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

Number of pages: 60 Posted: 15 Apr 2020 Last Revised: 26 May 2021
Xiao Cen, Vyacheslav Fos and Wei Jiang
Mays Business School, Texas A&M University, Boston College - Department of Finance and Columbia Business School - Finance and Economics
Downloads 542 (64,439)
Citation 1

Abstract:

Loading...

Production Competition, Industrial Policy, Trade War

15.

Shareholder Activism, Informed Trading, and Stock Prices

Downloads 455 ( 79,937)
Citation 1

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 429 (84,916)

Abstract:

Loading...

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: 30 Aug 2021
Pierre Collin-Dufresne and Vyacheslav Fos
Ecole Polytechnique Fédérale de Lausanne and Boston College - Department of Finance
Downloads 26 (616,983)

Abstract:

Loading...

16.

The Sound of Many Funds Rebalancing

Downloads 454 ( 80,146)
Citation 17

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 453 (79,590)
Citation 16

Abstract:

Loading...

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 (828,170)
  • Add to Cart

Abstract:

Loading...

Complexity, Indexing, noise, thresholds

17.

The Political Polarization of U.S. Firms

Number of pages: 42 Posted: 18 Feb 2021 Last Revised: 10 Mar 2021
Vyacheslav Fos, Elisabeth Kempf and Margarita Tsoutsoura
Boston College - Department of Finance, University of Chicago - Booth School of Business and Cornell University
Downloads 437 (84,038)
Citation 1

Abstract:

Loading...

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

18.

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 Columbia Business School - Finance and Economics
Downloads 409 (90,598)
Citation 13

Abstract:

Loading...

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

19.

Informed Trading Intensity

Number of pages: 55 Posted: 15 Jun 2021
Vincent Bogousslavsky, Vyacheslav Fos and Dmitriy Muravyev
Boston College - Department of Finance, Boston College - Department of Finance and Michigan State University - Department of Finance
Downloads 377 (99,487)

Abstract:

Loading...

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

20.

Do Short-term Incentives Hurt Innovation?

Number of pages: 50 Posted: 05 Sep 2020 Last Revised: 29 Jul 2021
Heitor Almeida, Vyacheslav Fos, Po-Hsuan Hsu, Mathias Kronlund and Kevin Tseng
University of Illinois at Urbana-Champaign, Boston College - Department of Finance, National Tsing Hua University - Department of Quantitative Finance, Tulane University and National Taiwan University - Department of Finance
Downloads 343 (110,619)

Abstract:

Loading...

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

21.

The Distribution of Voting Rights to Shareholders

European Corporate Governance Institute – Finance Working Paper No. 733/2021
Number of pages: 60 Posted: 15 Apr 2021 Last Revised: 16 Apr 2021
Vyacheslav Fos and Clifford G. Holderness
Boston College - Department of Finance and Boston College - Department of Finance
Downloads 298 (128,826)

Abstract:

Loading...

Shareholder voting, ex day, record date, corporate governance

22.

Do Short-Term Incentives Affect Long-Term Productivity?

Downloads 280 (137,390)
Citation 1

Do Short-Term Incentives Affect Long-Term Productivity?

European Corporate Governance Institute – Finance Working Paper No. 662/2020
Number of pages: 58 Posted: 01 Jul 2019 Last Revised: 01 Sep 2021
Heitor Almeida, Nuri Ersahin, Vyacheslav Fos, Rustom M. Irani and Mathias Kronlund
University of Illinois at Urbana-Champaign, Michigan State University-Department of Finance, Boston College - Department of Finance, University of Illinois at Urbana-Champaign - Department of Finance and Tulane University
Downloads 279 (137,248)
Citation 1

Abstract:

Loading...

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
Heitor Almeida, Nuri Ersahin, Vyacheslav Fos, Rustom M. Irani and Mathias Kronlund
University of Illinois at Urbana-Champaign, Michigan State University-Department of Finance, Boston College - Department of Finance, University of Illinois at Urbana-Champaign - Department of Finance and Tulane University
Downloads 1 (828,170)
  • Add to Cart

Abstract:

Loading...

employment, investment, Labor Unions, productivity, Share repurchases, Short-termism

23.

Value Creation in Shareholder Activism

Downloads 276 (139,500)
Citation 1

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
Rui A. Albuquerque, Vyacheslav Fos and Enrique J. Schroth
Boston College, Carroll School of Management, Boston College - Department of Finance and EDHEC Business School
Downloads 274 (139,878)
Citation 1

Abstract:

Loading...

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
Rui A. Albuquerque, Vyacheslav Fos and Enrique J. Schroth
Boston College, Carroll School of Management, Boston College - Department of Finance and EDHEC Business School
Downloads 2 (814,953)
  • Add to Cart

Abstract:

Loading...

Passive investors, Shareholder activism, Stock picking, structural estimation, value creation

24.

Does Disagreement Facilitate Informed Trading? Evidence from Activist Investors

Number of pages: 63 Posted: 18 Feb 2021 Last Revised: 13 Aug 2021
J. Anthony Cookson, Vyacheslav Fos and Marina Niessner
University of Colorado at Boulder - Leeds School of Business, Boston College - Department of Finance and University of Pennsylvania - The Wharton School
Downloads 194 (195,758)

Abstract:

Loading...

disagreement, informed trading, activist investors

25.

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 Columbia Business School - Finance and Economics
Downloads 171 (218,733)

Abstract:

Loading...

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

26.

The Threat of Intervention

Downloads 163 (227,650)

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: 07 May 2019
Vyacheslav Fos and Charles M. Kahn
Boston College - Department of Finance and University of Illinois, Urbana-Champaign
Downloads 161 (230,459)

Abstract:

Loading...

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 (814,953)
  • Add to Cart

Abstract:

Loading...

27.

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 70 (406,611)

Abstract:

Loading...

Mergers, Acquisitions, Stock Market Index Return, Synergies

28.

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
Arik Kuznitz, Shmuel Kandel (deceased) and Vyacheslav Fos
affiliation not provided to SSRN, Deceased and Boston College - Department of Finance

Abstract:

Loading...

portfolio choice, mean reversion, anticipation