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

30

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Top 1,986

in Total Papers Downloads

23,101

SSRN CITATIONS
Rank 2,533

SSRN RANKINGS

Top 2,533

in Total Papers Citations

277

CROSSREF CITATIONS

238

Scholarly Papers (30)

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 2,476 (8,002)
Citation 40

Abstract:

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Share repurchases, employment, investment, regression discontinuity

2.

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 1,690 (14,819)
Citation 5

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

3.
Downloads 1,645 ( 15,451)
Citation 1

The Political Polarization of Corporate America

Number of pages: 51 Posted: 18 Feb 2021 Last Revised: 26 Jul 2022
Boston College - Department of Finance, Harvard Business School and Washington University in Saint Louis, John M. Olin Business School
Downloads 1,374 (19,864)
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
Number of pages: 51 Posted: 22 Jun 2022 Last Revised: 17 Jul 2022
Boston College - Department of Finance, Harvard Business School and Washington University in Saint Louis, John M. Olin Business School
Downloads 271 (157,676)

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4.
Downloads 1,541 ( 17,052)
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 1,422 (18,860)
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: 21 Feb 2013
Pierre Collin-Dufresne and Vyacheslav Fos
Ecole Polytechnique Fédérale de Lausanne and Boston College - Department of Finance
Downloads 94 (380,401)

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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 2022
Pierre Collin-Dufresne and Vyacheslav Fos
Ecole Polytechnique Fédérale de Lausanne and Boston College - Department of Finance
Downloads 25 (683,929)
Citation 16

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5.
Downloads 1,371 ( 20,283)
Citation 1

Short Campaigns by Hedge Funds

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 609/2019
Number of pages: 68 Posted: 12 Sep 2018 Last Revised: 14 Apr 2022
Ian Appel and Vyacheslav Fos
UVA Darden and Boston College - Department of Finance
Downloads 1,369 (19,975)
Citation 1

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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 (915,750)
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6.

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 1,291 (22,221)
Citation 29

Abstract:

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Proxy Contests, Shareholder Activism, Agency problem

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 1,012 (31,220)
Citation 2

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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 71 (449,639)
Citation 1

Abstract:

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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 2022
Pierre Collin-Dufresne and Vyacheslav Fos
Ecole Polytechnique Fédérale de Lausanne and Boston College - Department of Finance
Downloads 12 (800,158)
Citation 15

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8.

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 1,074 (29,069)
Citation 17

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

9.

Informed Trading Intensity

Number of pages: 72 Posted: 15 Jun 2021 Last Revised: 06 Feb 2022
Boston College - Department of Finance, Boston College - Department of Finance and Michigan State University - Department of Finance
Downloads 975 (33,390)

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

10.
Downloads 955 ( 34,384)
Citation 10

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 816 (42,164)
Citation 5

Abstract:

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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 139 (288,144)
Citation 8

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tuition, student debt, human capital, credit constraints

11.

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 866 (39,438)
Citation 23

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Proxy contests, Directors, Corporate governance, Agency problem

12.

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 845 (40,756)
Citation 4

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13.
Downloads 814 ( 42,914)
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
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 770 (45,522)
Citation 3

Abstract:

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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 2022
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 42 (574,501)

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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 (915,750)
Citation 5
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activism, continuous time, economic efficiency, Kyle model, liquidity, market depth, price impact, strategic trading

14.
Downloads 783 ( 45,141)
Citation 4

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 FinanceWashington University in Saint Louis, John M. Olin Business School and University of Washington - Department of Finance and Business Economics
Downloads 781 (44,698)
Citation 6

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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 FinanceWashington University in Saint Louis, John M. Olin Business School and University of Washington - Department of Finance and Business Economics
Downloads 2 (915,750)
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credit delinquencies, gig-economy, Household Debt, labor markets, Unemployment insurance

15.

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 688 (53,658)
Citation 1

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Investment policy, employment, subsidies, industrial policy

16.

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 664 (56,145)
Citation 40

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

17.

Do Short-term Incentives Hurt Innovation?

Number of pages: 54 Posted: 05 Sep 2020 Last Revised: 04 Apr 2022
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 545 (72,291)

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

18.
Downloads 503 ( 79,687)
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 502 (79,106)
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 (932,336)
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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 451 (89,950)

Abstract:

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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: 11 Aug 2022
Pierre Collin-Dufresne and Vyacheslav Fos
Ecole Polytechnique Fédérale de Lausanne and Boston College - Department of Finance
Downloads 35 (614,476)

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20.
Downloads 458 ( 89,169)
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
Boston College, Carroll School of Management, Boston College - Department of Finance and EDHEC Business School
Downloads 456 (88,819)
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 (915,750)
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Passive investors, Shareholder activism, Stock picking, structural estimation, value creation

21.

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 436 (94,362)
Citation 13

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

22.

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 432 (95,421)

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Shareholder voting, ex day, record date, corporate governance

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
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 423 (96,961)
Citation 3

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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, 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 (932,336)
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employment, investment, Labor Unions, productivity, Share repurchases, Short-termism

24.

Does Disagreement Facilitate Informed Trading?

Number of pages: 45 Posted: 18 Feb 2021 Last Revised: 18 Apr 2022
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 318 (134,197)

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

25.

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

Columbia Business School Research Paper Forthcoming
Number of pages: 80 Posted: 30 Jan 2022 Last Revised: 31 May 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 234 (182,798)

Abstract:

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insider trading, activist trading, shareholder activism

26.

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 195 (216,614)

Abstract:

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

27.
Downloads 168 (246,126)

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 166 (249,002)

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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 (915,750)
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28.

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 87 (395,700)

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Mergers, Acquisitions, Stock Market Index Return, Synergies

The Political Polarization of Corporate America

Chicago Booth Research Paper, Forthcoming, Fama-Miller Working Paper 22-14
Number of pages: 52 Posted: 06 Jul 2022
Harvard Business School, Boston College - Department of Finance and Washington University in Saint Louis, John M. Olin Business School
Downloads 35 (614,476)

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The Political Polarization of Corporate America

NBER Working Paper No. w30183
Number of pages: 51 Posted: 27 Jun 2022 Last Revised: 03 Jul 2022
Boston College - Department of Finance, Harvard Business School and Washington University in Saint Louis, John M. Olin Business School
Downloads 7 (853,089)
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30.

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, Deceased and Boston College - Department of Finance

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portfolio choice, mean reversion, anticipation