Assistant Professor of Finance

Carroll School of Management – Boston College

Office: Fulton Hall 320C

Phone: 617-552-1520

Email: kostovet (at)


Curriculum Vitae


Google Scholar Page




1) Investor Heterogeneity and Trading

(with Anzhela Knyazeva and Diana Knyazeva)

European Financial Management special issue, forthcoming


2) Brain Drain: Are Mutual Funds Losing Their Best Minds?

                     Quarterly Journal of Finance, 2017


3) Whom Do You Trust? Investor-Advisor Relationships and Mutual Fund Flows

Review of Financial Studies, 2016


4) You're Fired! New Evidence on Portfolio Manager Turnover

(with Jerold Warner)

Journal of Financial and Quantitative Analysis, 2015


5) Political Capital and Moral Hazard

Journal of Financial Economics, 2015


6) Are Red or Blue Companies More Likely to Go Green? Politics and Corporate Social Responsibility

(with Alberta Di Giuli)

Journal of Financial Economics, 2014


7) Red & Blue Investing: Values and Finance

(with Harrison Hong)

Journal of Financial Economics, 2012


8) Index Mutual Funds and Exchange-Traded Funds

Journal of Portfolio Management, 2003


Working Papers


1)   Digital Tulips? Returns to Investors in Initial Coin Offerings

     (with Hugo Benedetti)


2)  Measuring Innovation and Product Differentiation: Evidence from Mutual Funds

         (with Jerold Warner)

         Journal of Finance, revise and resubmit


3) How Much Labor Do You Need to Manage Capital?

(with Alberto Manconi)

Under submission


     4) Common Institutional Ownership and the Diffusion of Innovation

(with Alberto Manconi)


5)   Returns to Specialization: Evidence from Health Mutual Fund Managers

(with Vladimir Ratushny)


Last Update: May 22, 2018