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NES > People > Dmitry Makarov

The NES 25th Anniversary Conference
CENTER for the Study of Diversity and Social Interactions

Dmitry Makarov / Дмитрий Макаров

Associate Professor

Phd in Finance, London Business School, 2007


Homepage / Домашняя страница

Research interests / Исследовательские интересы

Asset pricing, portfolio choice, money management

Courses taught at NES / Преподавание в РЭШ

Fixed Income SecuritiesDerivatives


Office #2.11, 100 Novaya Street
Skolkovo, Moscow, Russia, 143025
Phone: +7 (495) 956 95 08 ext. 116
E-mail: dmakarov (at)



Strategic Asset Allocation in Money Management ,” with S. Basak, Journal of Finance, forthcoming.

Difference in Interim Performance and Risk Taking with Short-sale Constraints ,” with S. Basak, Journal of Financial Economics, 2012, 103, 377–392.

 A Note on Wealth Effect under CARA Utility ,” with A. Schornick, Finance Research Letters, 2010,  7(3), 170–177.

Working Papers:

"Competition among Portfolio Managers and Asset Specialization," with S. Basak, 2013. 

"Limited Participation and Equity Premium under Heterogeneous Uncertainty Aversion," with A. Schornick, 2012.

"Capital Market Equilibrium with Competition among Institutional Investors," with S. Glebkin, 2012.

"A Status-based Explanation for Convertible Securities in Venture Capital Financing, "  with S. Basak, work in progress.


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