Evgeny Lyandres

Boston University

595 Commonwealth Avenue

Boston, MA 02215

United States

SCHOLARLY PAPERS

27

DOWNLOADS
Rank 1,687

SSRN RANKINGS

Top 1,687

in Total Papers Downloads

18,609

SSRN CITATIONS
Rank 3,432

SSRN RANKINGS

Top 3,432

in Total Papers Citations

102

CROSSREF CITATIONS

216

Scholarly Papers (27)

1.

Do Tokens Behave like Securities? An Anatomy of Initial Coin Offerings

Number of pages: 60 Posted: 12 Dec 2018 Last Revised: 11 May 2019
Evgeny Lyandres, Berardino Palazzo and Daniel Rabetti
Boston University, Federal Reserve Board and Tel Aviv University
Downloads 2,012 (7,448)
Citation 14

Abstract:

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ICOs, IPOs, regulation

2.

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
University of Miami - Department of Finance, Florida Atlantic University and Boston University
Downloads 1,505 (11,983)

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3.

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, Boston University and Pennsylvania State University
Downloads 1,375 (13,845)
Citation 19

Abstract:

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Volatility, Risk, Stock Returns, Real Options

4.

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

Journal of Corporate Finance, Forthcoming, 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: 08 Nov 2019
Peter Cziraki, Evgeny Lyandres and Roni Michaely
University of Toronto - Department of Economics, Boston University and University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 1,299 (15,119)
Citation 5

Abstract:

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Insider Trading, Repurchases, Seasoned Equity Offers, Market Efficiency

5.
Downloads 1,216 ( 16,728)
Citation 12

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
Boston University, Pennsylvania State University and George Mason University
Downloads 1,216 (16,411)
Citation 12

Abstract:

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Takeovers, IPOs, Valuation Uncertainty, Real Options

6.

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
University of Miami - Department of Finance, Boston University and Pennsylvania State University
Downloads 1,197 (17,126)
Citation 9

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horizontal mergers, competition, strategic interaction, real options

7.

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
Boston University and Pennsylvania State University
Downloads 1,142 (18,393)
Citation 3

Abstract:

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accelerated investment, underinvestment, leverage, real options

8.

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

Number of pages: 36 Posted: 27 Apr 2018 Last Revised: 17 Dec 2019
Jiri Chod and Evgeny Lyandres
Boston College and Boston University
Downloads 1,043 (21,019)
Citation 41

Abstract:

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

9.
Downloads 985 ( 22,865)
Citation 12

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 Boston University
Downloads 985 (22,472)
Citation 12

Abstract:

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investor sentiment, expectations, prediction markets

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
Boston University
Downloads 741 (34,167)
Citation 14

Abstract:

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Capital Structure, Output Markets, Competitive Interaction

11.

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
Boston University and Pennsylvania State University
Downloads 695 (37,286)
Citation 5

Abstract:

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Growth options, Bankruptcy prediction, Default threhsold

12.

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
Boston University and Federal Reserve Board
Downloads 608 (44,586)
Citation 20

Abstract:

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13.

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
Boston University, Invesco Advisers, Inc. and Ohio State University - Fisher College of Business
Downloads 607 (44,681)
Citation 10

Abstract:

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

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, Boston University and London Business School
Downloads 569 (48,757)
Citation 6

Abstract:

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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
Boston University, University of Manchester - Alliance Manchester Business School, University of Geneva - Geneva Finance Research Institute (GFRI) and University of Manchester - Manchester Business School
Downloads 548 (50,976)
Citation 3

Abstract:

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diversification, strategies, private firms

16.

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 Boston University
Downloads 485 (59,540)

Abstract:

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horizontal mergers, synergies, competitors, customers, suppliers

17.

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
Boston University
Downloads 466 (62,527)
Citation 3

Abstract:

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financial constraints, external financing, investment, cash flow

18.

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
Boston University and Pennsylvania State University
Downloads 436 (67,705)
Citation 5

Abstract:

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Convertible Debt, Real Options, Investment, Capital Structure

19.

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
Boston University, Singapore Management University - Lee Kong Chian School of Business and Cheung Kong Graduate School of Business
Downloads 348 (88,273)
Citation 4

Abstract:

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IPOs, Underwriters, Competition, Collusion

20.

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 Boston University
Downloads 320 (96,928)
Citation 5

Abstract:

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IPOs, product market, competition, hedging

21.

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
Boston University, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Pennsylvania State University
Downloads 317 (97,944)
Citation 1

Abstract:

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

22.

Product Market Competition and Equity Returns

Number of pages: 42 Posted: 12 Mar 2012
Evgeny Lyandres and Masahiro Watanabe
Boston University and University of Alberta - School of Business
Downloads 255 (123,604)
Citation 2

Abstract:

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23.

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 Boston University
Downloads 166 (184,883)

Abstract:

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

24.

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
Boston University
Downloads 146 (205,931)

Abstract:

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target leverage, trade-off theory, seasoned equity offerings

25.

Product Market Competition With Crypto Tokens and Smart Contracts

Number of pages: 39 Posted: 12 Jun 2019 Last Revised: 17 Sep 2019
Evgeny Lyandres
Boston University
Downloads 78 (318,820)
Citation 5

Abstract:

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

26.

Investment-Based Underperformance Following Seasoned Equity Offerings

NBER Working Paper No. w11459
Number of pages: 54 Posted: 25 May 2006
Evgeny Lyandres, Jerry Sun and Lu Zhang
Boston University, Invesco Advisers, Inc. and Ohio State University - Fisher College of Business
Downloads 50 (399,637)
Citation 1

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27.

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
Boston University

Abstract:

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