W.P. Carey School of Business Faculty Personal Web Page


Ilona Babenko


Published Papers

Do CEOs Affect Employees' Political Choices?, 2019, joint with Viktar Fedaseyeu and Song Zhang, forthcoming in Review of Financial Studies

Will I Get Paid? Employee Stock Options and Mergers and Acquisitions?, 2019, joint with Fangfang Du and Yuri Tserlukevich, accepted to Journal of Financial and Quantitative Analysis

Is Market Timing Good for Shareholders?, 2019, joint with Yuri Tserlukevich and Pengcheng Wan, accepted to Management Science

Idiosyncratic Cash Flows and Systematic Risk, 2016, joint with Oliver Boguth and Yuri Tserlukevich, Journal of Finance 71, 425-456

Do Non-Executive Employees Have Information? Evidence from Employee Stock Purchase Planss, joint with Rik Sen, 2016, Management Science 62, 1878-1898

Money Left on the Table: An Analysis of Participation in Employee Stock Purchase Plans, joint with Rik Sen, 2014, Review of Financial Studies 27, 3658-3698.

The Credibility of Open Market Share Repurchase Signaling joint with Yuri Tserlukevich, and Alexander Vedrashko, 2012, Journal of Financial and Quantitative Analysis 47, 1059-1088.

Employee Stock Options and Investment, joint with Michael Lemmon and Yuri Tserlukevich, 2011, Journal of Finance 66, 981-1010.

Share Repurchases and Pay-Performance of Employee Compensation Contracts, 2009, Journal of Finance 64, 117-151.

Analyzing the Tax Benefits from Employee Stock Options, joint with Yuri Tserlukevich, 2009, Journal of Finance 64, 1797-1825.

Market Timing with Cay, joint with Sandro Andrade and Yuri Tserlukevich, 2006, Journal of Portfolio Management 32, 70-80.

Short Papers

Employees Donate More to Their CEOs' Preferred Political Candidates, 2016, joint with Viktar Fedaseyeu and Song Zhang, Harvard Business Review, October 17, 2016

Working Papers

Executives in Politics, 2018,  joint with Viktar Vedaseyeu and Song Zhang, presented at Finance Down Under 2019 (Best Paper Award), FIRS 2019, SFS Cavalcade 2018, EFA 2018, Tel Aviv Finance 2018

Management (of) Proposals, 2018,  joint with Goeun Choi and Rik Sen, presented at AFA 2019, Adam Smith 2019, FIRS 2019

Clawback Provisions, 2013,  joint with Ben Bennet, John Bizjak, and Jeff Coles, presented at WFA 2013, reject and resubmit at Review of Financial Studies

Embracing Risk: Hedging Policy for Firms with Real Options, 2014, joint with Yuri Tserlukevich, presented at AFA 2014, EFA 2015, FIRS 2015

Information Acquisition and Corporate Debt Illiquidity, 2016, joint with Mao Lei, presented at SFS Cavalcade 2017, EFA 2016, AEA 2016, Cambridge Corporate Finance Theory

Competition, No-Arbitrage, and Systematic Risk, joint with Oliver Boguth and Yuri Tserlukevich, 2018, presented at University of Washington Summer Conference 2018, Gerzensee Symposium 2018

Why Do Specialist Managers Run Diversified Firms?, 2014, joint with Claudia Custodio and Beatriz Mariano, presented at EFA 2014








UPDATED: 08/2012  
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