Dmitry Makarov

HSE University, International College of Economics and Finance (ICEF)

Associate Professor of Finance

26 Shabolovka

Moscow

Russia

http://www.nes.ru/~dmakarov

SCHOLARLY PAPERS

11

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5,314

SSRN CITATIONS
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Top 11,062

in Total Papers Citations

43

CROSSREF CITATIONS

69

Scholarly Papers (11)

1.
Downloads 1,739 ( 11,930)
Citation 33

Strategic Asset Allocation in Money Management

Journal of Finance, Forthcoming
Number of pages: 52 Posted: 03 Feb 2009 Last Revised: 31 May 2012
Suleyman Basak and Dmitry Makarov
London Business School and HSE University, International College of Economics and Finance (ICEF)
Downloads 1,737 (11,747)
Citation 6

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Money Managers, Strategic Interaction, Portfolio Choice, Relative Performance, Incentives, Risk Shifting, Fund Flows, Tournaments

Strategic Asset Allocation in Money Management

CEPR Discussion Paper No. DP8457
Number of pages: 46 Posted: 20 Jul 2011
Suleyman Basak and Dmitry Makarov
London Business School and HSE University, International College of Economics and Finance (ICEF)
Downloads 2 (799,547)
Citation 8
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fund flows, incentives, Money Managers, portfolio choice, relative performance, risk shifting, strategic interactions, tournaments

Strategic Asset Allocation with Relative Performance Concerns

Number of pages: 40 Posted: 11 Sep 2007
Suleyman Basak and Dmitry Makarov
London Business School and HSE University, International College of Economics and Finance (ICEF)
Downloads 483 (71,870)
Citation 1

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Money Managers, Strategic Interaction, Portfolio Choice, Relative Performance, Incentives, Risk Shifting, Fund Flows, Envy, Tournaments

Strategic Asset Allocation with Relative Performance Concerns

EFA 2008 Athens Meetings Paper
Number of pages: 40 Posted: 07 Mar 2008
Suleyman Basak and Dmitry Makarov
London Business School and HSE University, International College of Economics and Finance (ICEF)
Downloads 189 (196,060)
Citation 2

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Money Managers, Strategic Interaction, Portfolio Choice, Relative Performance, Incentives, Risk Shifting, Fund Flows, Envy, Tournaments

Difference in Interim Performance and Risk Taking with Short-Sale Constraints

Number of pages: 38 Posted: 09 Mar 2008 Last Revised: 10 Sep 2011
Suleyman Basak and Dmitry Makarov
London Business School and HSE University, International College of Economics and Finance (ICEF)
Downloads 642 (50,092)

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Relative Performance, Risk-Taking Incentives, Portfolio Choice, Short-Sale Constraints

Difference in Interim Performance and Risk Taking with Short-Sale Constraints

CEPR Discussion Paper No. DP8072
Number of pages: 44 Posted: 22 Nov 2010
Suleyman Basak and Dmitry Makarov
London Business School and HSE University, International College of Economics and Finance (ICEF)
Downloads 4 (779,751)
Citation 3
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mutual fund tournament, portfolio choice, relative performance, risk-taking incentives, short-sale constraints

4.

Competition among Portfolio Managers and Asset Specialization

Number of pages: 44 Posted: 04 Mar 2010 Last Revised: 09 Aug 2017
Suleyman Basak and Dmitry Makarov
London Business School and HSE University, International College of Economics and Finance (ICEF)
Downloads 629 (52,162)
Citation 3

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Competition, Portfolio Choice, Asset Specialization, Under-Diversification, Cost-Benefit Analysis, Relative Performance

5.

A Note on Wealth Effect under CARA Utility

Finance Research Letters, Forthcoming
Number of pages: 15 Posted: 01 Mar 2009 Last Revised: 10 May 2010
Dmitry Makarov and Astrid V. Schornick
HSE University, International College of Economics and Finance (ICEF) and Cologne Business School
Downloads 410 (88,224)
Citation 6

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CARA utility, wealth effect, information acquisition, asset pricing, portfolio choice

6.
Downloads 305 (122,827)
Citation 4

Security Design with Status Concerns

Journal of Economic Dynamics and Control, Forthcoming
Number of pages: 51 Posted: 29 Jan 2015 Last Revised: 20 Aug 2020
London Business School, HSE University, International College of Economics and Finance (ICEF), New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 303 (122,975)
Citation 3

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Security Design, Status Concerns, Convertible Securities, Financing, Hybrid Securities

Security Design with Status Concerns

CEPR Discussion Paper No. DP15193
Number of pages: 54 Posted: 12 Sep 2020
London Business School, HSE University, International College of Economics and Finance (ICEF), New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 2 (799,547)
Citation 1
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Convertible Securities, Financing, hybrid securities, security design, Status concerns

7.

Capital Market Equilibrium with Competition Among Institutional Investors

Number of pages: 29 Posted: 07 Mar 2012 Last Revised: 11 Jun 2013
Sergei Glebkin and Dmitry Makarov
INSEAD and HSE University, International College of Economics and Finance (ICEF)
Downloads 294 (127,657)
Citation 1

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G12, G29

8.

Household Investments, Limited Participation and Equity Premium with Wealth Heterogeneity

Number of pages: 41 Posted: 09 Mar 2008 Last Revised: 26 Nov 2013
Dmitry Makarov and Astrid V. Schornick
HSE University, International College of Economics and Finance (ICEF) and Cologne Business School
Downloads 236 (159,365)

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household portfolios, limited participation, equity premium, wealth heterogeneity, uncertainty aversion

9.

On Ambiguity-Seeking Behavior in Finance Models with Smooth Ambiguity

Proceedings of Paris December 2020 Finance Meeting EUROFIDAI - ESSEC
Number of pages: 58 Posted: 05 Dec 2019 Last Revised: 04 Jan 2021
Dmitry Makarov
HSE University, International College of Economics and Finance (ICEF)
Downloads 143 (248,390)

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ambiguity-loving, smooth ambiguity, investor heterogeneity, representative investor, limited participation

10.

Explaining Households’ Investment Behavior

INSEAD Working Paper No. 2010/44/FIN
Number of pages: 25 Posted: 12 Jun 2010 Last Revised: 05 Jul 2010
Dmitry Makarov and Astrid V. Schornick
HSE University, International College of Economics and Finance (ICEF) and Cologne Business School
Downloads 136 (258,482)
Citation 1

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11.

Optimal portfolio under ambiguous ambiguity

Finance Research Letters, Forthcoming
Number of pages: 17 Posted: 05 Feb 2020 Last Revised: 14 Feb 2021
Dmitry Makarov
HSE University, International College of Economics and Finance (ICEF)
Downloads 104 (313,451)

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ambiguous ambiguity, portfolio choice, smooth ambiguity, third-order probabilities