Evgeny Lyandres

Tel Aviv University

Ramat Aviv

Tel-Aviv, 6997801

Israel

  • Tel Aviv University

SCHOLARLY PAPERS

30

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22,846

SSRN CITATIONS
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SSRN RANKINGS

Top 3,082

in Total Papers Citations

197

CROSSREF CITATIONS

234

Scholarly Papers (30)

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1.

ICO Success and Post-ICO Performance

Number of pages: 59 Posted: 12 Dec 2018 Last Revised: 02 Mar 2021
Evgeny Lyandres, Berardino Palazzo and Daniel Rabetti
Tel Aviv University, Board of Governors of the Federal Reserve System and Tel Aviv University - Coller School of Management
Downloads 2,418 (8,292)
Citation 33

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ICOs, data quality, performance

2.

A Theory of ICOs: Diversification, Agency, and Information Asymmetry

Management Science forthcoming
Number of pages: 36 Posted: 27 Apr 2018 Last Revised: 22 Jul 2020
Jiri Chod and Evgeny Lyandres
Boston College and Tel Aviv University
Downloads 1,889 (12,399)
Citation 84

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ICO, crypto tokens, agency, risk sharing, information asymmetry

3.

The Size of Venture Capital and Private Equity Fund Portfolios

Journal of Corporate Finance, Vol. 13, pp. 564-590, 2007
Number of pages: 55 Posted: 22 Nov 2006 Last Revised: 12 Nov 2013
Gennaro (帅纳) Bernile, Douglas J. Cumming and Evgeny Lyandres
University of Miami - Department of Finance, Florida Atlantic University and Tel Aviv University
Downloads 1,538 (17,085)
Citation 2

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4.

What Do Insiders Know? Evidence from Insider Trading Around Share Repurchases and SEOs

Journal of Corporate Finance, 2021, 66: 101544, 27th Annual Conference on Financial Economics and Accounting Paper, Swiss Finance Institute Research Paper No. 19-11
Number of pages: 62 Posted: 16 Feb 2016 Last Revised: 19 Apr 2021
Peter Cziraki, Evgeny Lyandres and Roni Michaely
University of Toronto - Department of Economics, Tel Aviv University and The University of Hong Kong
Downloads 1,501 (17,707)
Citation 3

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Insider Trading, Repurchases, Seasoned Equity Offers, Market Efficiency

5.

Real Options, Volatility, and Stock Returns

Journal of Finance, Vol. 67, pp. 1499-1536, 2012
Number of pages: 49 Posted: 08 Mar 2008 Last Revised: 25 Mar 2013
Gustavo Grullon, Evgeny Lyandres and Alexei Zhdanov
Rice University - Jesse H. Jones Graduate School of Business, Tel Aviv University and Pennsylvania State University
Downloads 1,459 (18,456)
Citation 27

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Volatility, Risk, Stock Returns, Real Options

6.

A Theory of Merger-Driven IPOs

Downloads 1,261 ( 23,007)
Citation 18

A Theory of Merger-Driven IPOs

Journal of Financial and Quantitative Analysis (JFQA), Vol. 46, pp. 1367-1405, 2011
Number of pages: 64 Posted: 06 Feb 2008 Last Revised: 14 Mar 2013
Evgeny Lyandres, Alexei Zhdanov and Jim Hsieh
Tel Aviv University, Pennsylvania State University and George Mason University
Downloads 1,261 (22,620)
Citation 18

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Takeovers, IPOs, Valuation Uncertainty, Real Options

7.

A Theory of Strategic Mergers

Review of Finance, Vol. 16, pp. 517-575, 2011
Number of pages: 54 Posted: 07 Mar 2008 Last Revised: 12 Nov 2013
Gennaro (帅纳) Bernile, Evgeny Lyandres and Alexei Zhdanov
University of Miami - Department of Finance, Tel Aviv University and Pennsylvania State University
Downloads 1,234 (23,762)
Citation 12

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horizontal mergers, competition, strategic interaction, real options

8.

Understanding Investor Sentiment: The Case of Soccer

Downloads 1,195 ( 24,898)
Citation 11

Understanding Investor Sentiment: The Case of Soccer

Financial Management, Vol. 40, pp. 357-380, 2011
Number of pages: 50 Posted: 17 Feb 2009 Last Revised: 12 Nov 2013
Gennaro (帅纳) Bernile and Evgeny Lyandres
University of Miami - Department of Finance and Tel Aviv University
Downloads 1,195 (24,491)
Citation 11

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investor sentiment, expectations, prediction markets

9.

Accelerated Investment Effect of Risky Debt

Journal of Banking and Finance, Vol. 34, pp. 2587-2599, 2010
Number of pages: 31 Posted: 18 Mar 2008 Last Revised: 13 Mar 2013
Evgeny Lyandres and Alexei Zhdanov
Tel Aviv University and Pennsylvania State University
Downloads 1,156 (26,113)
Citation 3

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accelerated investment, underinvestment, leverage, real options

10.

Capital Structure and Interaction Among Firms in Output Markets - Theory and Evidence

Journal of Business, Vol. 79, pp. 2381-2421, 2004
Number of pages: 51 Posted: 30 Apr 2003 Last Revised: 14 Mar 2013
Evgeny Lyandres
Tel Aviv University
Downloads 765 (46,512)
Citation 17

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Capital Structure, Output Markets, Competitive Interaction

11.

The New Issues Puzzle: Testing the Investment-Based Explanation

The Review of Financial Studies, Vol. 21, Issue 6, pp. 2825-2855, 2008
Number of pages: 42 Posted: 15 Dec 2008 Last Revised: 14 Mar 2013
Evgeny Lyandres, Jerry Sun and Lu Zhang
Tel Aviv University, Invesco Advisers, Inc. and Ohio State University - Fisher College of Business
Downloads 742 (48,475)
Citation 35

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The new issues puzzle, post-issue underperformance, real investment, time-varying expected returns

12.

Investment Opportunities and Bankruptcy Prediction

Journal of Financial Markets, 16 (3), 439-476
Number of pages: 42 Posted: 22 Nov 2006 Last Revised: 19 Apr 2018
Evgeny Lyandres and Alexei Zhdanov
Tel Aviv University and Pennsylvania State University
Downloads 736 (48,990)
Citation 8

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Growth options, Bankruptcy prediction, Default threhsold

13.

Cash Holdings, Competition, and Innovation

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 58 Posted: 12 Mar 2012 Last Revised: 02 Nov 2015
Evgeny Lyandres and Berardino Palazzo
Tel Aviv University and Board of Governors of the Federal Reserve System
Downloads 723 (50,158)
Citation 28

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14.

Trade Credit and Supplier Competition

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 75 Posted: 09 Oct 2016 Last Revised: 10 Feb 2018
Jiri Chod, Evgeny Lyandres and S. Alex Yang
Boston College, Tel Aviv University and London Business School
Downloads 700 (52,397)
Citation 6

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15.

Owners' Portfolio Diversification and Firm Investment: Theory and Evidence from Private and Public Firms

Johnson School Research Paper Series No. 18-2013, Swiss Finance Institute Research Paper No. 19-12
Number of pages: 68 Posted: 12 Mar 2019 Last Revised: 13 Mar 2019
Evgeny Lyandres, Maria‐Teresa Marchica, Roni Michaely and Roberto Mura
Tel Aviv University, University of Manchester - Alliance Manchester Business School, The University of Hong Kong and University of Manchester - Alliance Manchester Business School
Downloads 636 (59,265)
Citation 3

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diversification, strategies, private firms

16.

Does the Market Correctly Value Investment Options?

Number of pages: 77 Posted: 09 Aug 2016 Last Revised: 17 Dec 2019
Evgeny Lyandres, Egor Matveyev and Alexei Zhdanov
Tel Aviv University, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Pennsylvania State University
Downloads 572 (67,872)
Citation 1

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Misvaluation, Investment Options, Optimal Investment, Demand Uncertainty, Future Returns, Structural Estimation

17.

The Effects of Horizontal Merger Operating Efficiencies on Rivals, Customers, and Suppliers

Review of Finance, Forthcoming
Number of pages: 47 Posted: 26 Sep 2013 Last Revised: 16 May 2018
Gennaro (帅纳) Bernile and Evgeny Lyandres
University of Miami - Department of Finance and Tel Aviv University
Downloads 544 (72,219)
Citation 7

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horizontal mergers, synergies, competitors, customers, suppliers

18.

Competition and Product Quality: Fake Trading on Crypto Exchanges

Number of pages: 72 Posted: 12 Jan 2021 Last Revised: 15 Mar 2021
Dan Amiram, Evgeny Lyandres and Daniel Rabetti
Tel Aviv University - Coller School of Management, Tel Aviv University and Tel Aviv University - Coller School of Management
Downloads 522 (76,045)
Citation 3

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Crypto exchanges, fake trading, competition, product quality, reputation

19.

Costly External Financing, Investment Timing, and Investment-Cash Flow Sensitivity

Journal of Corporate Finance, Vol. 13, pp. 959-980, 2007
Number of pages: 37 Posted: 19 Oct 2007 Last Revised: 29 Mar 2013
Evgeny Lyandres
Tel Aviv University
Downloads 482 (83,760)
Citation 4

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financial constraints, external financing, investment, cash flow

20.

Convertible Debt and Investment Timing

Journal of Corporate Finance, 24, 21-37
Number of pages: 31 Posted: 22 Feb 2006 Last Revised: 19 Apr 2018
Evgeny Lyandres and Alexei Zhdanov
Tel Aviv University and Pennsylvania State University
Downloads 462 (88,172)
Citation 8

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Convertible Debt, Real Options, Investment, Capital Structure

21.

Do Underwriters Compete in IPO Pricing?

Management Science 64 (2), 925-954
Number of pages: 63 Posted: 10 Oct 2016 Last Revised: 19 Apr 2018
Evgeny Lyandres, Fangjian Fu and Erica X. N. Li
Tel Aviv University, Singapore Management University - Lee Kong Chian School of Business and Cheung Kong Graduate School of Business
Downloads 407 (102,057)
Citation 3

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IPOs, Underwriters, Competition, Collusion

22.

Strategic IPOs and Product Market Competition

Journal of Financial Economics (JFE), Vol. 100, pp. 45-67, 2011
Number of pages: 37 Posted: 17 Feb 2009 Last Revised: 25 Sep 2013
Jiri Chod and Evgeny Lyandres
Boston College and Tel Aviv University
Downloads 378 (111,125)
Citation 12

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IPOs, product market, competition, hedging

23.

Product Market Competition With Crypto Tokens and Smart Contracts

Number of pages: 45 Posted: 12 Jun 2019 Last Revised: 09 May 2022
Jiri Chod and Evgeny Lyandres
Boston College and Tel Aviv University
Downloads 367 (114,874)
Citation 4

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crypto tokens, smart contracts, product market competition, switching costs

24.

Industrial Robots and Finance

Number of pages: 78 Posted: 03 Dec 2020 Last Revised: 13 May 2022
Xin Cheng, Evgeny Lyandres, Kaiguo Zhou and Tong Zhou
Zhongnan University of Economics and Law, Tel Aviv University, Sun Yat-sen University (SYSU) and ShanghaiTech University
Downloads 348 (121,820)
Citation 1

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Industrial robots, hedging mechanism, leverage, interest rates, labor cost uncertainty

25.

Product Market Competition and Equity Returns

Number of pages: 42 Posted: 12 Mar 2012
Evgeny Lyandres and Masahiro Watanabe
Tel Aviv University and University of Alberta - School of Business
Downloads 290 (147,755)
Citation 2

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26.

Inefficient Mergers

Journal of Banking and Finance, Forthcoming
Number of pages: 70 Posted: 03 Dec 2014 Last Revised: 30 Sep 2019
Yelena Larkin and Evgeny Lyandres
York University - Schulich School of Business and Tel Aviv University
Downloads 221 (192,865)

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M&As, search frictions, complementarities, product similarity, technological overlap

27.

Target Leverage and the Costs of Issuing Seasoned Equity

Finance Research Letters, Vol. 7, pp. 39-52, 2010
Number of pages: 24 Posted: 19 Jan 2005 Last Revised: 13 Mar 2013
Evgeny Lyandres
Tel Aviv University
Downloads 150 (270,033)

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target leverage, trade-off theory, seasoned equity offerings

28.

The Choice Between Various Freeze-out Procedures and its Consequences

European Corporate Governance Institute – Finance Working Paper No. 735/2021
Number of pages: 55 Posted: 18 Mar 2021
Beni Lauterbach, Evgeny Lyandres, Yevgeny Mugerman and Barak Yarkoni
Bar-Ilan University - Graduate School of Business Administration, Tel Aviv University, Bar Ilan University and Ariel University - Department of Economics and Business Administration
Downloads 94 (376,986)

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Going private transactions, controlling shareholders, mergers, tender offers

29.

Investment-Based Underperformance Following Seasoned Equity Offerings

NBER Working Paper No. w11459
Number of pages: 54 Posted: 25 May 2006 Last Revised: 25 Apr 2021
Evgeny Lyandres, Jerry Sun and Lu Zhang
Tel Aviv University, Invesco Advisers, Inc. and Ohio State University - Fisher College of Business
Downloads 56 (498,995)
Citation 1

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30.

Strategic Cost of Diversification

The Review of Financial Studies, Vol. 20, Issue 6, pp. 1901-1940, 2007
Posted: 26 Jun 2008 Last Revised: 19 Apr 2018
Evgeny Lyandres
Tel Aviv University

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diversified firms, excess values, conglomerate mergers, competitive interaction, capital structure