The book will be published in the fall by Razorbill, a division of the Penguin Young Readers Group, it was announced Wednesday.
It is intended to introduce readers to respected artists, seasoned designers and others who have influenced the Olsens, who are now 21, during the past decade.
"Mary-Kate and I have filled 'Influence' with the most interesting, challenging, creative people we know -- the ones who helped pave the way for us and our generation," Ashley Olsen said in a statement.
"Our collaboration with Penguin on 'Influence' is exciting because we are bringing something unique to the market. Ashley and I interviewed the people who have inspired us, with the hope that they will inspire and teach others," Mary-Kate Olsen added.