Ilya A. Strebulaev

Stanford University - Graduate School of Business

Professor of Finance

655 Knight Way

Stanford, CA 94305-5015

United States

http://faculty-gsb.stanford.edu/strebulaev/

National Bureau of Economic Research

Research Associate

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

43

DOWNLOADS
Rank 208

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Top 208

in Total Papers Downloads

92,730

SSRN CITATIONS
Rank 524

SSRN RANKINGS

Top 524

in Total Papers Citations

935

CROSSREF CITATIONS

915

Scholarly Papers (43)

1.
Downloads 20,070 ( 197)
Citation 15

Squaring Venture Capital Valuations with Reality

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 57 Posted: 22 Apr 2017 Last Revised: 10 Dec 2019
Will Gornall and Ilya A. Strebulaev
University of British Columbia (UBC) - Sauder School of Business and Stanford University - Graduate School of Business
Downloads 19,843 (196)
Citation 11

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Venture Capital, Unicorns, Valuation, Entrepreneurship

Squaring Venture Capital Valuations with Reality

NBER Working Paper No. w23895
Number of pages: 59 Posted: 09 Oct 2017 Last Revised: 17 Apr 2022
Will Gornall and Ilya A. Strebulaev
University of British Columbia (UBC) - Sauder School of Business and Stanford University - Graduate School of Business
Downloads 227 (187,312)
Citation 2

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2.
Downloads 16,881 ( 280)
Citation 77

How Do Venture Capitalists Make Decisions?

Stanford University Graduate School of Business Research Paper No. 16-33, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 477/2016
Number of pages: 95 Posted: 29 Jun 2016 Last Revised: 10 May 2017
Paul A. Gompers, Will Gornall, Steven N. Kaplan and Ilya A. Strebulaev
Harvard Business School - Finance Unit, University of British Columbia (UBC) - Sauder School of Business, University of Chicago - Booth School of Business and Stanford University - Graduate School of Business
Downloads 16,705 (277)
Citation 66

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venture capital, entrepreneurship

How Do Venture Capitalists Make Decisions?

NBER Working Paper No. w22587
Number of pages: 64 Posted: 07 Sep 2016 Last Revised: 21 Mar 2021
Paul A. Gompers, Will Gornall, Steven N. Kaplan and Ilya A. Strebulaev
Harvard Business School - Finance Unit, University of British Columbia (UBC) - Sauder School of Business, University of Chicago - Booth School of Business and Stanford University - Graduate School of Business
Downloads 176 (236,402)
Citation 23

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Dynamic Models and Structural Estimation in Corporate Finance

Final pre-publication version, published in Foundations and Trends in Finance 6 (2012), 1-163.
Number of pages: 159 Posted: 25 Jun 2012 Last Revised: 19 Nov 2017
Ilya A. Strebulaev and Toni M. Whited
Stanford University - Graduate School of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 6,585 (1,522)
Citation 46

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Dynamic Corporate Finance, Structural Estimation

Dynamic Models and Structural Estimation in Corporate Finance

Foundations and Trends in Finance, Vol. 6, Nos. 1-2, 2011
Number of pages: 173 Posted: 23 May 2013
Ilya A. Strebulaev and Toni M. Whited
Stanford University - Graduate School of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 1 (928,815)
Citation 40
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dynamic corporate finance, structural empirical methods, dynamic capital structure models

4.

The Economic Impact of Venture Capital: Evidence from Public Companies

Number of pages: 44 Posted: 29 Oct 2015 Last Revised: 08 Jul 2021
Will Gornall and Ilya A. Strebulaev
University of British Columbia (UBC) - Sauder School of Business and Stanford University - Graduate School of Business
Downloads 5,397 (2,116)
Citation 26

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5.
Downloads 5,271 ( 2,208)
Citation 16

Firm Size and Capital Structure

EFA 2005 Moscow Meetings Paper
Number of pages: 42 Posted: 04 Mar 2005
Ilya A. Strebulaev and Alexander Kurshev
Stanford University - Graduate School of Business and London Business School
Downloads 3,888 (3,698)
Citation 4

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Capital structure, leverage, firm size, transaction costs, default, dynamic programming, dynamic economy, refinancing point, zero leverage

Firm Size and Capital Structure

AFA 2008 New Orleans Meetings Paper
Number of pages: 45 Posted: 23 Mar 2005
Alexander Kurshev and Ilya A. Strebulaev
London Business School and Stanford University - Graduate School of Business
Downloads 1,383 (19,612)
Citation 22

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Capital structure, leverage, firm size, transaction costs, default, dynamic programming, dynamic economy, refinancing point

6.
Downloads 3,431 ( 4,703)
Citation 1

Venture Capitalists and COVID-19

conditionally accepted at Journal of Financial and Quantitative Analysis
Number of pages: 33 Posted: 13 Aug 2020 Last Revised: 28 Aug 2021
Paul A. Gompers, Will Gornall, Steven N. Kaplan and Ilya A. Strebulaev
Harvard Business School - Finance Unit, University of British Columbia (UBC) - Sauder School of Business, University of Chicago - Booth School of Business and Stanford University - Graduate School of Business
Downloads 3,118 (5,434)

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venture capital, entrepreneurship, COVID-19, coronavirus, pandemic

Venture Capitalists and COVID-19

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-135
Number of pages: 32 Posted: 23 Sep 2020
Paul A. Gompers, Will Gornall, Steven N. Kaplan and Ilya A. Strebulaev
Harvard Business School - Finance Unit, University of British Columbia (UBC) - Sauder School of Business, University of Chicago - Booth School of Business and Stanford University - Graduate School of Business
Downloads 230 (184,995)
Citation 1

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Venture Capitalists and Covid-19

NBER Working Paper No. w27824
Number of pages: 32 Posted: 21 Sep 2020 Last Revised: 11 Jul 2022
Paul A. Gompers, Will Gornall, Steven N. Kaplan and Ilya A. Strebulaev
Harvard Business School - Finance Unit, University of British Columbia (UBC) - Sauder School of Business, University of Chicago - Booth School of Business and Stanford University - Graduate School of Business
Downloads 83 (410,193)

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7.
Downloads 2,758 ( 6,738)
Citation 106

The Mystery of Zero-Leverage Firms

Number of pages: 61 Posted: 14 Mar 2006 Last Revised: 10 Apr 2013
Ilya A. Strebulaev and Baozhong Yang
Stanford University - Graduate School of Business and Georgia State University - Robinson College of Business
Downloads 2,407 (8,192)
Citation 5

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Leverage, debt financing, capital structure, zero leverage, financing decisions, low-leverage puzzle

The Mystery of Zero-Leverage Firms

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 61 Posted: 06 Apr 2013
Ilya A. Strebulaev and Baozhong Yang
Stanford University - Graduate School of Business and Georgia State University - Robinson College of Business
Downloads 291 (146,241)

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Leverage, Debt financing, Capital structure, Zero leverage, Financing

The Mystery of Zero-Leverage Firms

NBER Working Paper No. w17946
Number of pages: 43 Posted: 31 Mar 2012 Last Revised: 16 Jul 2022
Ilya A. Strebulaev and Baozhong Yang
Stanford University - Graduate School of Business and Georgia State University - Robinson College of Business
Downloads 60 (489,948)
Citation 28

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8.

Gender, Race, and Entrepreneurship: A Randomized Field Experiment on Venture Capitalists and Angels

Number of pages: 74 Posted: 16 Dec 2019 Last Revised: 08 Dec 2020
Will Gornall and Ilya A. Strebulaev
University of British Columbia (UBC) - Sauder School of Business and Stanford University - Graduate School of Business
Downloads 2,224 (9,449)
Citation 9

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gender, race, entrepreneurship, angel investing, venture capital, bias, audit study, correspondence study, experiment

9.

A Valuation Model of Venture Capital-Backed Companies with Multiple Financing Rounds

Number of pages: 54 Posted: 12 Feb 2021 Last Revised: 08 Jul 2021
Will Gornall and Ilya A. Strebulaev
University of British Columbia (UBC) - Sauder School of Business and Stanford University - Graduate School of Business
Downloads 1,972 (11,564)
Citation 1

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Venture Capital, Valuation, Entrepreneurship, Capital Structure, Renegotiation

Financing As a Supply Chain: The Capital Structure of Banks and Borrowers

Journal of Financial Economics, Volume 129, Issue 3, September 2018, Pages 510-530
Number of pages: 64 Posted: 31 Oct 2013 Last Revised: 27 Dec 2018
Will Gornall and Ilya A. Strebulaev
University of British Columbia (UBC) - Sauder School of Business and Stanford University - Graduate School of Business
Downloads 1,753 (13,737)
Citation 8

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Banks, capital structure, seniority, diversification, supply chains, deposit insurance, bailouts, capital regulation, Basel framework

Financing as a Supply Chain: The Capital Structure of Banks and Borrowers

NBER Working Paper No. w19633
Number of pages: 55 Posted: 16 Nov 2013 Last Revised: 23 Feb 2022
Will Gornall and Ilya A. Strebulaev
University of British Columbia (UBC) - Sauder School of Business and Stanford University - Graduate School of Business
Downloads 42 (573,346)
Citation 1

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11.

Many Faces of Liquidity and Asset Pricing: Evidence from the U.S. Treasury Securities Market

Number of pages: 34 Posted: 06 Jul 2001
Ilya A. Strebulaev
Stanford University - Graduate School of Business
Downloads 1,727 (14,272)
Citation 26

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pricing, liquidity, market imperfections, bond markets, tax arbitrage

The Levered Equity Risk Premium and Credit Spreads: A Unified Framework

The Review of Financial Studies, Forthcoming
Number of pages: 56 Posted: 30 Sep 2007 Last Revised: 03 Mar 2009
Harjoat Singh Bhamra, Lars-Alexander Kuehn and Ilya A. Strebulaev
Imperial College Business School, Carnegie Mellon University - David A. Tepper School of Business and Stanford University - Graduate School of Business
Downloads 1,725 (14,068)
Citation 28

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Equity premium, corporate bond credit spread, predictability, macroeconomic conditions, jumps, capital structure, default

The Levered Equity Risk Premium and Credit Spreads: A Unified Framework

CEPR Discussion Paper No. DP12827
Number of pages: 78 Posted: 05 Apr 2018
Harjoat Singh Bhamra, Lars-Alexander Kuehn and Ilya A. Strebulaev
Imperial College Business School, Carnegie Mellon University - David A. Tepper School of Business and Stanford University - Graduate School of Business
Downloads 1 (928,815)
Citation 22
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Capital Structure, corporate bond credit spread, default, Equity premium, jumps, macroeconomic conditions, predictability

The Levered Equity Risk Premium and Credit Spreads: A Unified Framework

The Review of Financial Studies, Vol. 23, Issue 2, pp. 645-703, 2009
Posted: 01 Feb 2010
Harjoat Singh Bhamra, Lars-Alexander Kuehn and Ilya A. Strebulaev
Imperial College Business School, Carnegie Mellon University - David A. Tepper School of Business and Stanford University - Graduate School of Business

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13.
Downloads 1,719 ( 14,390)
Citation 73

Cash Holdings and Credit Risk

Western Finance Association 2008 Meetings Paper, Rock Center for Corporate Governance at Stanford University Working Paper No. 123
Number of pages: 46 Posted: 22 Mar 2007 Last Revised: 20 Aug 2012
ProfessorNew York University - Leonard N. Stern School of Business, University of Toronto - Finance Area and Stanford University - Graduate School of Business
Downloads 1,636 (15,255)
Citation 5

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Credit spreads, Default, Liquidity, Precautionary savings

Cash Holdings and Credit Risk

NBER Working Paper No. w16995
Number of pages: 39 Posted: 02 May 2011 Last Revised: 10 Jun 2022
ProfessorNew York University - Leonard N. Stern School of Business, University of Toronto - Finance Area and Stanford University - Graduate School of Business
Downloads 76 (432,098)

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Cash Holdings and Credit Risk

CEPR Discussion Paper No. DP7125
Number of pages: 48 Posted: 18 Feb 2009
ProfessorNew York University - Leonard N. Stern School of Business, University of Toronto - Finance Area and Stanford University - Graduate School of Business
Downloads 7 (850,543)
Citation 19
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Credit spreads, Default, Liquidity, Precautionary savings

14.

Structural Models of Credit Risk are Useful: Evidence from Hedge Ratios on Corporate Bonds

AFA 2005 Philadelphia Meetings, EFA 2004 Maastrict Meetings Paper No. 4764
Number of pages: 50 Posted: 18 Jun 2004 Last Revised: 23 Dec 2007
Ilya A. Strebulaev and Stephen M. Schaefer
Stanford University - Graduate School of Business and London Business School - Institute of Finance and Accounting
Downloads 1,709 (14,541)
Citation 82

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Credit risk, structural models, hedge ratios, credit spreads

15.

Dynamic Corporate Finance is Useful: A Comment on Welch

Number of pages: 21 Posted: 30 Dec 2012 Last Revised: 14 Apr 2014
Ilya A. Strebulaev and Toni M. Whited
Stanford University - Graduate School of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 1,527 (17,251)
Citation 1

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Dynamic Corporate Finance

16.

Capital Structure and Systematic Risk

Rock Center for Corporate Governance at Stanford University Working Paper No. 178
Number of pages: 34 Posted: 08 Apr 2014 Last Revised: 14 Apr 2014
Michael Schwert and Ilya A. Strebulaev
University of Pennsylvania - The Wharton School and Stanford University - Graduate School of Business
Downloads 1,517 (17,408)
Citation 11

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capital structure, systematic risk

17.

Squaring Venture Capital Valuations with Reality: Online Appendix

Stanford University Graduate School of Business Research Paper No. 17-39
Number of pages: 219 Posted: 17 May 2017 Last Revised: 30 Jul 2019
Will Gornall and Ilya A. Strebulaev
University of British Columbia (UBC) - Sauder School of Business and Stanford University - Graduate School of Business
Downloads 1,458 (18,451)

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18.

The Contracting and Valuation of Venture Capital-Backed Companies

Forthcoming, Handbook of the Economics of Corporate Finance, Vol 1: Private Equity and Entrepreneurial Finance
Number of pages: 100 Posted: 20 Apr 2022
Will Gornall and Ilya A. Strebulaev
University of British Columbia (UBC) - Sauder School of Business and Stanford University - Graduate School of Business
Downloads 1,430 (19,033)

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Venture capital, contracting, capital structure, valuation

19.

Do Tests of Capital Structure Theory Mean What They Say?

Number of pages: 46 Posted: 18 Jun 2004
Ilya A. Strebulaev
Stanford University - Graduate School of Business
Downloads 1,353 (20,639)
Citation 159

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capital structure, dynamic economy, trade-off model, simulations, asset liquidity, refinancing point, profitability, stock returns, credit

20.

The Aggregate Dynamics of Capital Structure and Macroeconomic Risk

Number of pages: 58 Posted: 10 Sep 2008 Last Revised: 06 Nov 2009
Harjoat Singh Bhamra, Lars-Alexander Kuehn and Ilya A. Strebulaev
Imperial College Business School, Carnegie Mellon University - David A. Tepper School of Business and Stanford University - Graduate School of Business
Downloads 1,135 (26,781)
Citation 49

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Dynamic capital structure, leverage, aggregate dynamics, cross-sectional behavior, default probability, financial constraints, macroeconomic risk, risk aversion, elasticity of intertemporal substitution

21.

Optimal Issuance under Information Asymmetry and Accumulation of Cash Flows

Rock Center for Corporate Governance at Stanford University Working Paper No. 164, Stanford University Graduate School of Business Research Paper No. 13-12
Number of pages: 45 Posted: 18 Nov 2013 Last Revised: 20 Jul 2016
Ilya A. Strebulaev, Haoxiang Zhu and Pavel Zryumov
Stanford University - Graduate School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Rochester - Simon Business School
Downloads 1,054 (29,822)
Citation 9

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dynamic information asymmetry, financing, cash flow accumulation, issuance delay, optimal security

22.

Organizational Structure and Decision-Making in Corporate Venture Capital

Number of pages: 67 Posted: 16 Nov 2021
Ilya A. Strebulaev and Amanda Wang
Stanford University - Graduate School of Business and Stanford Graduate School of Business
Downloads 1,017 (31,373)

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Venture capital, corporate venture capital, innovation, organizational structure, organizational design, corporate finance

23.

An Empirical Target Zone Model of Dynamic Capital Structure

AFA 2012 Chicago Meetings Paper
Number of pages: 53 Posted: 19 Mar 2011 Last Revised: 19 Nov 2015
Arthur G. Korteweg and Ilya A. Strebulaev
University of Southern California - Marshall School of Business and Stanford University - Graduate School of Business
Downloads 912 (36,610)

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Capital structure, refinancing, adjustment costs, structural models, dynamic models

24.

A Market-Based Study of the Cost of Default

AFA 2012 Chicago Meetings Paper, EFA 2011 Stockholm Meetings Paper, Rock Center for Corporate Governance at Stanford University Working Paper No. 124
Number of pages: 56 Posted: 19 Mar 2010 Last Revised: 22 Aug 2012
Sergei Davydenko, Ilya A. Strebulaev and Xiaofei Zhao
University of Toronto - Finance Area, Stanford University - Graduate School of Business and Georgetown University - McDonough School of Business
Downloads 750 (47,725)
Citation 33

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Default, Bankruptcy, Renegotiation, Costs of financial distress, Structural models, Credit risk

25.

Insider Financing and Venture Capital Returns

Stanford University Graduate School of Business Research Paper No. 16-45
Number of pages: 54 Posted: 09 Oct 2016 Last Revised: 04 Nov 2016
Michael Ewens, Matthew Rhodes-Kropf and Ilya A. Strebulaev
Columbia Business School, Harvard Business School - Entrepreneurial Management Unit and Stanford University - Graduate School of Business
Downloads 717 (50,640)
Citation 11

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venture capital, financial intermediation, hold up, entrepreneurship

26.

Strategic Actions and Credit Spreads: An Empirical Investigation

Journal of Finance, Forthcoming, AFA 2004 San Diego Meetings, EFA 2003 Glasgow Annual Conference Paper No. 896
Number of pages: 41 Posted: 18 May 2003 Last Revised: 31 Mar 2010
Sergei Davydenko and Ilya A. Strebulaev
University of Toronto - Finance Area and Stanford University - Graduate School of Business
Downloads 698 (52,514)
Citation 31

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credit spreads, strategic debt service, capital structure, credit risk, renegotiation, bargaining power

Bidding and Performance in Repo Auctions - Evidence from ECB Open Market Operations

Number of pages: 57 Posted: 29 May 2003
Kjell G. Nyborg, Ulrich Bindseil and Ilya A. Strebulaev
University of Zurich - Department of Banking and Finance, European Central Bank (ECB) and Stanford University - Graduate School of Business
Downloads 387 (107,255)

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Repo auctions, multiunit auctions, discriminatory auctions, reserve requirements, money markets, central bank, interest rates, collateral, open market operations.

Bidding and Performance in Repo Auctions: Evidence from ECB Open Market Operations

FEEM Working Paper No. 92.05
Number of pages: 59 Posted: 28 Jul 2005
Kjell G. Nyborg, Ulrich Bindseil and Ilya A. Strebulaev
University of Zurich - Department of Banking and Finance, European Central Bank (ECB) and Stanford University - Graduate School of Business
Downloads 263 (162,231)
Citation 17

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Repo auctions, Multiunit auctions, Reserve requirements, Loser's nightmare, Money markets, Central bank, Collateral, Open market operations

Bidding and Performance in Repo Auctions - Evidence from ECB Open Market Operations

Number of pages: 46 Posted: 26 May 2004
Ulrich Bindseil, Kjell G. Nyborg and Ilya A. Strebulaev
European Central Bank (ECB), University of Zurich - Department of Banking and Finance and Stanford University - Graduate School of Business
Downloads 25 (682,407)
Citation 1
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Multiunit auctions, reserve requirements, loser's nightmare, money markets, collateral, repo auctions, central bank, open market operations

28.

Strategic Risk Shifting and the Idiosyncratic Volatility Puzzle

Rock Center for Corporate Governance at Stanford University Working Paper No. 182
Number of pages: 65 Posted: 31 Mar 2014 Last Revised: 29 Feb 2020
Zhiyao Chen, Ilya A. Strebulaev, Yuhang Xing and Xiaoyan Zhang
The Chinese University of Hong Kong (CUHK) - Department of Finance, Stanford University - Graduate School of Business, Rice University and Tsinghua University - PBC School of Finance
Downloads 661 (56,342)
Citation 6

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risk-shifting, idiosyncratic volatility puzzle, profitability, agency conflict

29.

Corporate Bond Default Risk: A 150-Year Perspective

NBER Working Paper No. w15848
Number of pages: 46 Posted: 29 Mar 2010 Last Revised: 22 Apr 2022
Stanford University - Department of Management Science & Engineering, University of California, Los Angeles (UCLA) - Finance Area, London Business School - Institute of Finance and Accounting and Stanford University - Graduate School of Business
Downloads 534 (73,869)
Citation 14

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30.

A Unified Model of Distress Risk Puzzles

Stanford University Graduate School of Business Research Paper No. 19-9
Number of pages: 93 Posted: 16 Dec 2018 Last Revised: 25 Jul 2022
Zhiyao Chen, Dirk Hackbarth and Ilya A. Strebulaev
The Chinese University of Hong Kong (CUHK) - Department of Finance, Boston University - Department of Finance & Economics and Stanford University - Graduate School of Business
Downloads 532 (74,211)
Citation 2

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financial distress, distress risk premium, failure probability, structural model

31.

Proactive Capital Structure Adjustments: Evidence from Corporate Filings

Stanford University Graduate School of Business Research Paper No. 18-31
Number of pages: 59 Posted: 21 Jun 2018 Last Revised: 18 Aug 2020
Arthur G. Korteweg, Michael Schwert and Ilya A. Strebulaev
University of Southern California - Marshall School of Business, University of Pennsylvania - The Wharton School and Stanford University - Graduate School of Business
Downloads 506 (78,886)
Citation 2

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capital structure, leverage, adjustment costs

Macroeconomic Effects of Corporate Default Crises: A Long-Term Perspective

Number of pages: 30 Posted: 09 Feb 2012
Stanford University - Department of Management Science & Engineering, University of California, Los Angeles (UCLA) - Finance Area, London Business School - Institute of Finance and Accounting and Stanford University - Graduate School of Business
Downloads 414 (99,151)
Citation 1

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financial markets, macroeconomy, corporate defaults, bank lending, collateral, business cycles

Macroeconomic Effects of Corporate Default Crises: A Long-Term Perspective

NBER Working Paper No. w17854
Number of pages: 31 Posted: 20 Feb 2012 Last Revised: 15 Apr 2022
Stanford University - Department of Management Science & Engineering, University of California, Los Angeles (UCLA) - Finance Area, London Business School - Institute of Finance and Accounting and Stanford University - Graduate School of Business
Downloads 62 (481,879)
Citation 3

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33.

Multiple Unit Auctions and Short Squeezes

Number of pages: 44 Posted: 10 Apr 2003
Kjell G. Nyborg and Ilya A. Strebulaev
University of Zurich - Department of Banking and Finance and Stanford University - Graduate School of Business
Downloads 448 (91,248)
Citation 13

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Multiple Unit Auction, Uniform auction, Discriminatory Auction, Treasury Auction, Repo Auction, Short Squeeze, Market Manipulation, Market Power

34.
Downloads 398 (104,636)
Citation 14

Government Policy and Ownership of Equity Securities

ECGI - Finance Working Paper No. 263/2009, Paris December 2009 Finance International Meeting AFFI - EUROFIDAI
Number of pages: 39 Posted: 02 Jul 2009 Last Revised: 01 Jan 2013
Kristian Rydqvist, Joshua D. Spizman and Ilya A. Strebulaev
State University of New York at Binghamton - School of Management, Loyola Marymount University - Department of Finance and Stanford University - Graduate School of Business
Downloads 362 (115,692)
Citation 10

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Capital gains tax, income tax, stock ownership, inflation, bracket creep, pension funds

Government Policy and Ownership of Financial Assets

NBER Working Paper No. w17522
Number of pages: 67 Posted: 22 Oct 2011 Last Revised: 19 May 2022
Kristian Rydqvist, Joshua D. Spizman and Ilya A. Strebulaev
State University of New York at Binghamton - School of Management, Loyola Marymount University - Department of Finance and Stanford University - Graduate School of Business
Downloads 36 (607,175)

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35.

Temporary vs. Permanent Shocks: Explaining Corporate Financial Policies

Number of pages: 67 Posted: 05 Aug 2009
Alexander S. Gorbenko and Ilya A. Strebulaev
University College London - Department of Economics and School of Management and Stanford University - Graduate School of Business
Downloads 353 (119,815)
Citation 11

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Leverage, debt financing, capital structure, financing decisions, temporary and permanent shocks, mean-reversion, finance substitution

Beyond Random Assignment: Credible Inference of Causal Effects in Dynamic Economies

Stanford University Graduate School of Business Research Paper No. 15-19
Number of pages: 46 Posted: 15 Feb 2015 Last Revised: 11 Nov 2015
Chris Hennessy and Ilya A. Strebulaev
London Business School and Stanford University - Graduate School of Business
Downloads 309 (137,391)
Citation 5

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Natural experiments; Policy evaluations; Dynamic environments; Random treatment; Causal effects

Beyond Random Assignment: Credible Inference of Causal Effects in Dynamic Economies

NBER Working Paper No. w20978
Number of pages: 47 Posted: 02 Mar 2015 Last Revised: 28 Apr 2022
Chris Hennessy and Ilya A. Strebulaev
London Business School and Stanford University - Graduate School of Business
Downloads 31 (638,745)
Citation 3

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Natural Experiment Policy Evaluation: A Critique

CEPR Discussion Paper No. DP10455
Number of pages: 54 Posted: 02 Mar 2015
Chris Hennessy and Ilya A. Strebulaev
London Business School and Stanford University - Graduate School of Business
Downloads 1 (928,815)
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causal effects, dynamic environments, natural experiments, policy evaluations, random treatment

37.

Macroeconomic Risk and Idiosyncratic Risk-Taking

Review of Financial Studies, Forthcoming
Number of pages: 73 Posted: 21 Oct 2017 Last Revised: 26 Apr 2018
Zhiyao Chen and Ilya A. Strebulaev
The Chinese University of Hong Kong (CUHK) - Department of Finance and Stanford University - Graduate School of Business
Downloads 253 (169,247)
Citation 3

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risk-shifting, macroeconomic risk, business cycle, agency conflicts, bankruptcy, financial leverage, simulated method of moments, idiosyncratic volatility puzzle

38.

Alumni Networks in Venture Capital Financing

SMU Cox School of Business Research Paper No. 21-17
Number of pages: 55 Posted: 24 Nov 2021 Last Revised: 01 Aug 2022
University of Iowa - Tippie College of Business, Southern Methodist University (SMU) - Finance Department, Stanford University - Graduate School of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 202 (210,344)

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Alumni networks, SAT scores, Startup financing, PitchBook, Innovation, IPOs, Acquisitions

39.

Collateral and Short Squeezing of Liquidity in Fixed Rate Tenders

London Business School Working Paper No. IFA 329
Number of pages: 23 Posted: 09 May 2001
Kjell G. Nyborg and Ilya A. Strebulaev
University of Zurich - Department of Banking and Finance and Stanford University - Graduate School of Business
Downloads 202 (209,375)
Citation 4

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Short squeeze, collateral, fixed rate tender, liquidity

40.

Empirical Analysis of Corporate Tax Reforms: What is the Null and Where Did it Come from?

Stanford University Graduate School of Business Research Paper No. 18-14
Number of pages: 77 Posted: 14 Mar 2018
Chris Hennessy, Akitada Kasahara and Ilya A. Strebulaev
London Business School, Osaka University and Stanford University - Graduate School of Business
Downloads 188 (223,182)
Citation 1

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Corporate finance, tax reforms, tax regimes, empirical tests, difference-in-differences estimation

41.

Corporate Taxes and Capital Structure: A Long-Term Historical Perspective

NBER Working Paper No. w20372
Number of pages: 38 Posted: 18 Aug 2014 Last Revised: 02 Mar 2022
Francis A. Longstaff and Ilya A. Strebulaev
University of California, Los Angeles (UCLA) - Finance Area and Stanford University - Graduate School of Business
Downloads 91 (384,227)

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Investment Busts, Reputation, and the Temptation to Blend in with the Crowd

NBER Working Paper No. w17945
Number of pages: 46 Posted: 31 Mar 2012 Last Revised: 15 Jul 2022
Steven R. Grenadier, Andrey Malenko and Ilya A. Strebulaev
Stanford Graduate School of Business, University of Michigan, Stephen M. Ross School of Business and Stanford University - Graduate School of Business
Downloads 33 (625,726)
Citation 2

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Investment Busts, Reputation, and the Temptation to Blend in with the Crowd

Journal of Financial Economics (JFE) 111(1): 137-157, January 2014, AFA 2013 San Diego Meetings Paper, Rock Center for Corporate Governance at Stanford University Working Paper No. 115
Posted: 20 Mar 2012 Last Revised: 02 Oct 2017
Steven R. Grenadier, Andrey Malenko and Ilya A. Strebulaev
Stanford Graduate School of Business, University of Michigan, Stephen M. Ross School of Business and Stanford University - Graduate School of Business

Abstract:

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abandonment, real options, signaling, asymmetric information, reputation

43.

The Evolution of Aggregate Stock Ownership - A Unified Explanation

CEPR Discussion Paper No. DP7356
Number of pages: 59 Posted: 26 Aug 2009
Kristian Rydqvist, Joshua D. Spizman and Ilya A. Strebulaev
State University of New York at Binghamton - School of Management, Loyola Marymount University - Department of Finance and Stanford University - Graduate School of Business
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Abstract:

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Bracket creep, capital gains tax, Income tax, Inflation, Pension funds, stock ownership