Nadya Malenko

 Publications

•   Board dynamics over the startup life cycle  (with Michael Ewens)

           Journal of Finance, forthcoming   (Slides,  Internet Appendix)

           Short summaries:  VoxEU,  ECGI Blog

           Data on boards:  dynamic composition of 7800 venture capital-backed startup boards over 2002-2017

•  Creating controversy in proxy voting advice  (with Andrey Malenko and Chester Spatt)

           Journal of Finance, forthcoming   (Slides,  JF link,  Internet Appendix,  SSRN)

           Charles River Associates Award for the best paper in Corporate Finance, WFA 2022

           CICF Best Paper Award, CICF 2022

           2022 ECGI Finance Prize for the best paper in the ECGI Finance Working Paper Series

           Short summary:  CLS Blue Sky Blog 

•   Trading and shareholder democracy  (with Doron Levit and Ernst Maug)         

           Journal of Finance, 79 (1), 257-304, February 2024   (Slides,  Video for ECGI,  JF link,  Internet Appendix, SSRN)

           Brattle Group First Prize in Corporate Finance at the Journal of Finance

           Semi-finalist in the John L. Weinberg/IRRCi Research Paper Award Competition

           Short summaries: Harvard Law School Forum,  CLS Blue Sky Blog,  Finance Theory Insights 

           Presentation at the ECGI Spotlight Series 

•   Information flows, organizational structure, and corporate governance

 Survey of the literature in Handbook of Corporate Finance ed. by David Denis, Chapter 14, 511-547, February 2024   (Link,  SSRN)

       Slides and lecture covering part of the survey 

•   Corporate governance implications of the growth in indexing  (with Alon Brav and Andrey Malenko) 

Survey of the literature in Oxford Research Encyclopedia of Economics and Finance, August 2023  (Link)

      Short summary:  CLS Blue Sky Blog  

•   Advising the management: A theory of shareholder engagement  (with Ali Kakhbod, Uliana Loginova, and Andrey Malenko)

           Review of Financial Studies,  36 (4), 1319-1363, April 2023   (RFS link,  Internet Appendix,  SSRN)

           Lead article and Editor’s Choice article 

•   Quadrophobia: Strategic rounding of EPS data  (with Joseph Grundfest and Yao Shen)

           Journal of Financial and Quantitative Analysis, 58 (8), 3231-3273, December 2023   (Slides,  JFQA link,  Internet Appendix,  SSRN)

           SEC's "EPS Initiative"

           Covered by:  Wall Street Journal (2021),  Wall Street Journal (2018),  Bloomberg,  USA Today,  Wall Street Journal (2023)           

•   Deadlock on the board  (with Jason Donaldson and Giorgia Piacentino)

           Review of Financial Studies, 33 (10), 4445-4488, October 2020   (RFS link,  SSRN)

           Lead article and Editor’s Choice article 

           Best Paper Award at the 2018 ASU Sonoran Winter Finance Conference

           Short summaries:  CLS Blue Sky Blog,  Korn Ferry Institute

•   Proxy advisory firms: The economics of selling information to voters  (with Andrey Malenko)

           Journal of Finance, 74 (5), 2441-2490, October 2019   (Slides,  JF link,  Internet Appendix,  SSRN)

           Brattle Group Prize for Distinguished Paper in Corporate Finance at the Journal of Finance

           Covered by:  Finance Theory Insights 

           Short summary for the SEC;  BPC blog post on SEC's proposed regulations

•  The role of proxy advisory firms: Evidence from a regression-discontinuity design  (with Yao Shen)

            Review of Financial Studies, 29 (12), 3394-3427, December 2016   (Slides,  RFS link,  Internet Appendix,  SSRN)

            Covered by:  Harvard Law School Forum 

            Short summary for the SEC

•   Timing decisions in organizations: Communication and authority in a dynamic environment  (with Steven Grenadier and Andrey Malenko)

            American Economic Review, 106 (9), 2552-2581, September 2016   (Slides,  AER link,  Internet Appendix,  SSRN)

•   The labor market for directors and externalities in corporate governance  (with Doron Levit)

           Journal of Finance, 71 (2), 775-808, April 2016   (Slides,  JF link,  Internet Appendix,  SSRN)

           Short summaries:  Harvard Law School Forum,  Pro-Market

•   A theory of LBO activity based on repeated debt-equity conflicts  (with Andrey Malenko)

           Journal of Financial Economics, 117 (3), 607-627, September 2015   (JFE link,  Internet Appendix,  SSRN)

•   Communication and decision-making in corporate boards

           Review of Financial Studies, 27 (5), 1486-1532, May 2014   (Slides,  RFS link,  Internet Appendix,  SSRN) 

           Swedish House of Finance Best Conference Paper by a Doctoral Student, EFA 2011

           Short summary:  Harvard Law School Forum,  Summary for Finance & Accounting Memos

•   Nonbinding voting for shareholder proposals  (with Doron Levit)

           Journal of Finance, 66 (5), 1579-1614, October 2011  (Slides,  JF link,  Internet Appendix,  SSRN)

           Short summary:  Harvard Law School Forum