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Andriy Bodnaruk

Andriy Bodnaruk, Associate Professor of Finance
  • Associate Professor of Finance

University of Illinois at Chicago
2421 UH MC 168
Chicago, IL, 60607
(312) 355-4742

Personal Website

 

Education

  • Ph.D. in Finance, Stockholm School of Economics, September 2005
  • Visiting PhD student, INSEAD, Spring 2003
  • M.A. in Economics, EERC MA program in Economics (Kyiv School of Economics), Ukraine, June 1999
  • B.Sc. in Physics, University of “Kyiv-Mohyla Academy”, Ukraine, June 1997

 

Experience

  • Associate Professor of Finance (with tenure), University of Illinois at Chicago, since 2016                    
  • Assistant Professor of Finance, University of Notre Dame, 2008-2016
  • Associate Professor of Finance (with tenure), University of Maastricht, 2008                                        
  • Assistant Professor of Finance, University of Maastricht, 2005-2008

Classes Taught

  • Behavioral Finance

 

Research & Publications

  • Bali, Turan, Andriy Bodnaruk, Anna Scherbina, and Yi Tang, 2017, "Unusual News Events and the Cross-Section of Stock Returns," Management Science, forthcoming.
  • Bodnaruk, Andriy, Massimo Massa, and Vijay Yadav, 2017, "Family Ownership, Country Governance, and Foreign Portfolio Investment," Journal of Empirical Finance 41, pp. 96-115.
  • Bodnaruk, Andriy and Andrei Simonov, 2016, "Loss Averse Preferences, Performance, and Career Success of Institutional Investors," Review of Financial Studies 29, pp. 3140-3176.
  • Bodnaruk, Andriy, Alberto Manconi, and Massimo Massa, 2016, "Cross-Border Alliances and Risk Management," Journal of International Economics 102, pp. 22-49.
  • Bodnaruk, Andriy and Marco Rossi, 2016, "Dual Ownership, Returns, and Voting in Mergers," Journal of Financial Economics 120, pp.58-80.
  • Bodnaruk, Andriy, William O’Brien, and Andrei Simonov, 2016, "Captive Finance and Firm’s Competitiveness," Journal of Corporate Finance 37, pp. 210-228.
  • Bodnaruk, Andriy and Andrei Simonov, 2015, "Do Financial Experts Make Better Investment Decisions?" Journal of Financial Intermediation 24, pp. 514-536.
  • Bodnaruk, Andriy, Tim Loughran, and Bill McDonald, 2015, "Using 10-K Text to Gauge Financial Constraints," Journal of Financial and Quantitative Analysis 50, pp. 623-646 (lead article)
  • Bodnaruk, Andriy, Massimo Massa, and Andrei Simonov, 2013, "Alliances and Corporate Governance," Journal of Financial Economics 103, pp. 671-693.
  • Bodnaruk, Andriy and Per Östberg, 2013, "Shareholder Base and Payout Policy," Journal of Financial and Quantitative Analysis 48, pp. 729-760
  • Bodnaruk, Andriy, Massimo Massa, and Andrei Simonov, 2009, "Investment Banks as Insiders and the Market for Corporate Control," Review of Financial Studies 22, pp. 4989-5026.
  • Bodnaruk, Andriy, 2009, "Proximity Always Matters: Local Bias When the Set of Local Companies Changes," Review of Finance 14, pp. 629-656.
  • Bodnaruk, Andriy and Per Östberg, 2009, "Does Investor Recognition Predict Returns?" Journal of Financial Economics 91, pp. 208-226
  • Bodnaruk, Andriy, Eugene Kandel, Massimo Massa, and Andrei Simonov, 2008, "Shareholder Diversification and the Decision to Go Public," Review of Financial Studies 21, pp. 2779-2824