Ilona Babenko is an associate professor of finance at the W. P. Carey School of Business. Professor Babenko’s research and teaching interests are in compensation design, insider trading and information economics, corporate financing and payout policies, real options, and political activism of corporations.
Before joining W. P. Carey, Professor Babenko was an assistant professor of finance at the Hong Kong University of Science and Technology. She has also taught finance classes at New Economic School (Russia), Bocconi University (Italy), and VGSF Business School (Austria). She received her bachelor’s degree in physics from Belarus State University, her master’s degree in physics from the University of Minnesota, and her PhD in finance from the University of California, Berkeley.
Professor Babenko has been recognized for her achievements in academia and research, including the 2012 Fidelity Fellowship in Equity Compensation Research, the 2011 J. Robert Beyster Faculty Fellowship, and the 2009 HKUST Recognition for Teaching Excellence. She has published several articles in academic and practitioner journals, including the Journal of Finance, Review of Financial Studies, Management Science, Harvard Business Review, and Journal of Financial and Quantitative Analysis, and her work has featured in media outlets, such as New York Times, USA Today, Washington Post, and Forbes.
“Will I Get Paid? Employee Stock Options and Mergers and Acquisitions,” with Fangfang Du, and Yuri Tserlukevich, 2021, Journal of Financial and Quantitative Analysis 56, 29 - 64.
“Do CEOs Affect Employees’ Political Choices?” with Viktar Fedaseyeu and Song Zhang, 2020, Review of Financial Studies 33, 1781–1817.
“Is Market Timing Good for Shareholders?” with Yuri Tserlukevich and Pengcheng Wan, 2020, Management Science 66, 3542–3560.
“Idiosyncratic Cash Flows and Systematic Risk,” with Oliver Boguth and Yuri Tserlukevich, 2016, Journal of Finance 71, 425-456.
“Do Non-Executives Employees Have Information? Evidence from Employee Stock Purchase Plans” with Rik Sen, 2016, Management Science 62, 1878–1898.
“Money Left on the Table: An Analysis of Participation in Employee Stock Purchase Plans,” with Rik Sen, 2014, Review of Financial Studies 27, 3658-3698.
“The Credibility of Open Market Share Repurchase Signaling” with Yuri Tserlukevich and Alexander Vedrashko, 2012, Journal of Financial and Quantitative Analysis 47, 1059-1088.
“Employee Stock Options and Investment,” with Michael Lemmon and Yuri Tserlukevich, 2011, Journal of Finance 66, 981-1010.
“Share Repurchases and Pay-Performance Sensitivity of Employee Compensation Contracts,” 2009, Journal of Finance 64, 117-151.
“Analyzing the Tax Benefits from Employee Stock Options” with Yuri Tserlukevich,” 2009, Journal of Finance 64, 1797-1825.
“Market Timing with CAY” with Sandro Andrade and Yuri Tserlukevich,” 2006, Journal of Portfolio Management 32, 70-80.
Fall 2021 | |
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Course Number | Course Title |
FIN 361 | Advanced Managerial Finance |
FIN 782 | Theory of Finance II |
Fall 2020 | |
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Course Number | Course Title |
FIN 361 | Advanced Managerial Finance |
FIN 782 | Theory of Finance II |
Fall 2019 | |
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Course Number | Course Title |
FIN 361 | Advanced Managerial Finance |
FIN 782 | Theory of Finance II |
Spring 2019 | |
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Course Number | Course Title |
FIN 361 | Advanced Managerial Finance |
FIN 782 | Theory of Finance II |
Spring 2018 | |
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Course Number | Course Title |
FIN 361 | Advanced Managerial Finance |
FIN 782 | Theory of Finance II |
Fidelity Investments: Design of ESPP plans