Evgeny Lyandres

Tel Aviv University

Ramat Aviv

Tel-Aviv, 6997801

Israel

  • Tel Aviv University

SCHOLARLY PAPERS

32

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SSRN CITATIONS
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Top 2,670

in Total Papers Citations

379

CROSSREF CITATIONS

228

Scholarly Papers (32)

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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 National University of Singapore (NUS)
Downloads 2,492 (9,571)
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 2,101 (12,606)
Citation 99

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

3.

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
Texas A&M University - Department of Finance, Tel Aviv University and The University of Hong Kong
Downloads 1,578 (19,657)
Citation 18

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Insider Trading, Repurchases, Seasoned Equity Offers, Market Efficiency

4.

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 1,558 (20,058)
Citation 2

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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 1,503 (21,217)
Citation 46

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Volatility, Risk, Stock Returns, Real Options

6.

A Theory of Merger-Driven IPOs

Downloads 1,293 (26,500)
Citation 22

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 1,293 (26,042)
Citation 22

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Takeovers, IPOs, Valuation Uncertainty, Real Options

7.

Understanding Investor Sentiment: The Case of Soccer

Downloads 1,286 (26,712)
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 1,286 (26,252)
Citation 11

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investor sentiment, expectations, prediction markets

8.

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 1,260 (27,588)
Citation 11

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horizontal mergers, competition, strategic interaction, real options

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 1,175 (30,561)
Citation 4

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accelerated investment, underinvestment, leverage, real options

10.

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 806 (51,744)
Citation 35

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

11.

Cooking the Order Books: Information Manipulation and Competition among Crypto Exchanges

Number of pages: 58 Posted: 12 Jan 2021 Last Revised: 28 Nov 2022
Dan Amiram, Evgeny Lyandres and Daniel Rabetti
Tel Aviv University - Coller School of Management, Tel Aviv University and National University of Singapore (NUS)
Downloads 788 (53,339)
Citation 4

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Crypto exchanges, volume inflation, competition, information manipulation

12.

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 781 (54,004)
Citation 17

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Capital Structure, Output Markets, Competitive Interaction

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 759 (56,068)
Citation 28

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14.

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 759 (56,068)
Citation 11

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Growth options, Bankruptcy prediction, Default threhsold

15.

Trade Credit and Supplier Competition

Journal of Financial Economics (JFE), 131(2), 484-505.
Number of pages: 75 Posted: 09 Oct 2016 Last Revised: 23 Sep 2022
Jiri Chod, Evgeny Lyandres and S. Alex Yang
Boston College, Tel Aviv University and London Business School
Downloads 744 (57,599)
Citation 6

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16.

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, The University of Manchester - Alliance Manchester Business School, The University of Hong Kong and University of Manchester - Alliance Manchester Business School
Downloads 672 (65,866)
Citation 6

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diversification, strategies, private firms

17.

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 616 (73,544)
Citation 1

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

18.

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 580 (79,273)
Citation 7

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horizontal mergers, synergies, competitors, customers, suppliers

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 497 (95,882)
Citation 4

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financial constraints, external financing, investment, cash flow

20.

Product Market Competition With Crypto Tokens and Smart Contracts

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 49 Posted: 12 Jun 2019 Last Revised: 24 Apr 2023
Jiri Chod and Evgeny Lyandres
Boston College and Tel Aviv University
Downloads 494 (96,620)
Citation 4

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

21.

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 489 (97,873)
Citation 9

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Convertible Debt, Real Options, Investment, Capital Structure

22.

Industrial Robots and Finance

Number of pages: 81 Posted: 03 Dec 2020 Last Revised: 06 Sep 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 - School of Entrepreneurship and Management
Downloads 480 (100,146)
Citation 1

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

23.

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 426 (115,196)
Citation 3

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IPOs, Underwriters, Competition, Collusion

24.

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 421 (116,810)
Citation 28

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IPOs, product market, competition, hedging

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 313 (162,068)
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 246 (207,170)

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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 164 (299,756)

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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 116 (393,054)

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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: 26 Oct 2022
Evgeny Lyandres, Jerry Sun and Lu Zhang
Tel Aviv University, Invesco Advisers, Inc. and Ohio State University - Fisher College of Business
Downloads 78 (509,958)
Citation 1

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30.

Initial Coin Offerings: A Review

Number of pages: 13 Posted: 18 Aug 2023
Evgeny Lyandres and Daniel Rabetti
Tel Aviv University and National University of Singapore (NUS)
Downloads 75 (521,463)

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Initial Coin Offerings, Decentralized Finance, Funds Raising, ICO Analysts, Crypto Regulation

31.

Product Market Competition and Convertible Debt Financing

Number of pages: 47 Posted: 04 Jun 2023
Cheng Lei, Evgeny Lyandres, Chris Veld and Ying Xia
Monash University - Department of Banking and Finance, Tel Aviv University, Monash University and Monash University - Monash Business School
Downloads 35 (731,921)

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Product Market Competition, Competitive Threats, Convertible Debt, Financial Flexibility

32.

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