Andrey Malenko

University of Michigan, Stephen M. Ross School of Business

701 Tappan Street

Ann Arbor, MI MI 48109

United States

Centre for Economic Policy Research (CEPR)

London

United Kingdom

SCHOLARLY PAPERS

18

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SSRN CITATIONS
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in Total Papers Citations

91

CROSSREF CITATIONS

88

Scholarly Papers (18)

1.

Optimal Dynamic Capital Budgeting

Number of pages: 49 Posted: 19 Nov 2010 Last Revised: 25 Aug 2018
Andrey Malenko
University of Michigan, Stephen M. Ross School of Business
Downloads 1,267 (17,320)
Citation 21

Abstract:

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

2.

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
University of Michigan, Stephen M. Ross School of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 834 (31,966)
Citation 19

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

3.

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 of Southern California - Marshall School of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 807 (33,466)
Citation 27

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

4.

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
University of Michigan, Stephen M. Ross School of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 784 (34,784)
Citation 10

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

5.

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 of Southern California - Marshall School of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 613 (48,379)
Citation 9

Abstract:

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

6.

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 University of Michigan, Stephen M. Ross School of Business
Downloads 529 (58,394)
Citation 10

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

7.

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 University of Michigan, Stephen M. Ross School of Business
Downloads 464 (68,757)
Citation 2

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

8.

Selling to Advised Buyers

Number of pages: 50 Posted: 12 Dec 2015 Last Revised: 22 Sep 2018
Andrey Malenko and Anton Tsoy
University of Michigan, Stephen M. Ross School of Business and University of Toronto - Department of Economics
Downloads 425 (76,423)

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auction design, mechanism design, communication, cheap talk

9.

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, University of Michigan, Stephen M. Ross School of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 411 (79,527)
Citation 13

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

10.

Asymmetric Information and Security Design under Knightian Uncertainty

Number of pages: 63 Posted: 18 Jan 2018 Last Revised: 15 Feb 2020
Andrey Malenko and Anton Tsoy
University of Michigan, Stephen M. Ross School of Business and University of Toronto - Department of Economics
Downloads 373 (88,990)
Citation 9

Abstract:

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

11.

Advising the Management

Number of pages: 53 Posted: 25 Aug 2018 Last Revised: 15 Jun 2020
Massachusetts Institute of Technology (MIT) - Department of Economics, Columbia University - Graduate School of Arts and Sciences, University of Michigan, Stephen M. Ross School of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 220 (155,261)
Citation 3

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shareholder voting; board of directors; advisory committee; communication; heterogeneous beliefs; authority; diversity

12.

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 of Southern California - Marshall School of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 208 (163,614)
Citation 3

Abstract:

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

13.

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, University of Michigan, Stephen M. Ross School of Business and Norwegian School of Economics
Downloads 145 (224,214)

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

Corporate Governance in the Presence of Active and Passive Delegated Investment

European Corporate Governance Institute – Finance Working Paper 695/2020
Number of pages: 53 Posted: 31 Aug 2020 Last Revised: 09 Sep 2020
Adrian Aycan Corum, Andrey Malenko and Nadya Malenko
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Michigan, Stephen M. Ross School of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 106 (285,251)

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

Corporate Governance in the Presence of Active and Passive Delegated Investment

CEPR Discussion Paper No. DP15230
Number of pages: 50 Posted: 12 Sep 2020
Adrian Aycan Corum, Andrey Malenko and Nadya Malenko
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Michigan, Stephen M. Ross School of Business and University of Michigan, Stephen M. Ross School of Business
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Competition, corporate governance, delegated asset management, engagement, Index funds, investment stewardship, passive funds

15.

A Theory of Initiation of Takeover Contests

Number of pages: 60 Posted: 07 Aug 2017 Last Revised: 28 Mar 2018
Alexander S. Gorbenko and Andrey Malenko
University of Southern California - Marshall School of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 102 (291,193)
Citation 4

Abstract:

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auctions of companies, auction design, mergers and acquisitions

16.

Optimal Time-Consistent Debt Policies

Number of pages: 70 Posted: 04 Jun 2020
Andrey Malenko and Anton Tsoy
University of Michigan, Stephen M. Ross School of Business and University of Toronto - Department of Economics
Downloads 69 (368,544)
Citation 1

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

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: 27 Oct 2014
Stanford Graduate School of Business, University of Michigan, Stephen M. Ross School of Business and Stanford University - Graduate School of Business
Downloads 28 (543,987)
Citation 3

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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, University of Michigan, Stephen M. Ross School of Business and Stanford University - Graduate School of Business

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abandonment, real options, signaling, asymmetric information, reputation

18.

Procurement Auctions with Advised Bidders

Number of pages: 26
Andrey Malenko and Anton Tsoy
University of Michigan, Stephen M. Ross School of Business and University of Toronto - Department of Economics
Downloads 0

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procurement, advised bidders, cheap talk, agency problems