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Bodnaruk, Andriy; Östberg, Per Nils Anders (2013). The shareholder base and payout policy. Journal of Financial and Quantitative Analysis, 48(3):729-760.

Bodnaruk, Andriy; Gao, Pengjie; Östberg, Per Nils Anders; Yun, Hayong (2011). Passive Shareholders as a Takeover Defense. NCCR Finrisk working paper 699, Swiss Finance Institute Research Paper No. 10-56 699, University of Zurich.

Bodnaruk, Andriy; Östberg, Per Nils Anders (2009). Does investor recognition predict returns? Journal of Financial Economics, 91(2):208-226.

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