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


Ilona Babenko


Published Papers

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.

Shorter 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

Is Market Timing Good for Firm Shareholders?, 2014, joint with Yuri Tserlukevich and PengCheng Wan, presented at Utah Winter Finance Conference 2016, WFA 2015, Finance Down Under 2015, EFA 2015, WFA 2015, Finance Down Under 2015, revise and resubmit at Management Science

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

Do CEOs Affect Employees' Political Choices?, 2016,  joint with Viktar Vedaseyeu and Song Zhang, featured in New York Times, Washington Post, presented at Finance Down Under 2017

Will I Get Paid? Employee Stock Options and Mergers and Acquisitions?, 2016,  joint with Fangfang Du and Yuri Tserlukevich, presented at AFA 2017, Tel Aviv Finance Conference 2016, Labor and Finance Conference in Capri 2016

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

Information Acquisition and Corporate Debt Illiquidity, 2015, joint with Mao Lei, presented at EFA 2016, AEA 2016, Cambridge Corporate Finance Theory 2015

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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