Evgeny Lyandres

Tel Aviv University

Ramat Aviv

Tel-Aviv, 6997801

Israel

SCHOLARLY PAPERS

30

DOWNLOADS
Rank 1,928

SSRN RANKINGS

Top 1,928

in Total Papers Downloads

21,235

SSRN CITATIONS
Rank 3,170

SSRN RANKINGS

Top 3,170

in Total Papers Citations

196

CROSSREF CITATIONS

234

Scholarly Papers (30)

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 2,308 (7,779)
Citation 33

Abstract:

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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 1,567 (14,469)
Citation 76

Abstract:

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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
University of Miami - Department of Finance, Florida Atlantic University and Tel Aviv University
Downloads 1,532 (14,992)
Citation 2

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4.

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 1,434 (16,665)
Citation 27

Abstract:

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Volatility, Risk, Stock Returns, Real Options

5.

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 1,432 (16,706)
Citation 3

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Insider Trading, Repurchases, Seasoned Equity Offers, Market Efficiency

6.
Downloads 1,248 ( 20,531)
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 1,248 (20,186)
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
University of Miami - Department of Finance, Tel Aviv University and Pennsylvania State University
Downloads 1,228 (21,028)
Citation 12

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horizontal mergers, competition, strategic interaction, real options

8.

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 1,152 (23,095)
Citation 3

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accelerated investment, underinvestment, leverage, real options

9.
Downloads 1,139 ( 23,495)
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 1,139 (23,099)
Citation 11

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
Tel Aviv University
Downloads 757 (41,762)
Citation 17

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
Tel Aviv University and Pennsylvania State University
Downloads 724 (44,338)
Citation 7

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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
Tel Aviv University and Board of Governors of the Federal Reserve System
Downloads 708 (45,689)
Citation 28

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
Tel Aviv University, Invesco Advisers, Inc. and Ohio State University - Fisher College of Business
Downloads 684 (47,977)
Citation 35

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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, Tel Aviv University and London Business School
Downloads 657 (50,420)
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
Tel Aviv University, University of Manchester - Alliance Manchester Business School, The University of Hong Kong and University of Manchester - Manchester Business School
Downloads 612 (55,410)
Citation 3

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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 Tel Aviv University
Downloads 526 (66,913)
Citation 7

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
Tel Aviv University
Downloads 474 (76,123)
Citation 4

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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
Tel Aviv University and Pennsylvania State University
Downloads 452 (80,555)
Citation 8

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Convertible Debt, Real Options, Investment, Capital Structure

19.

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 429 (85,624)
Citation 1

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

20.

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 388 (96,224)
Citation 3

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IPOs, Underwriters, Competition, Collusion

21.

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 347 (109,136)
Citation 12

Abstract:

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IPOs, product market, competition, hedging

22.

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 277 (138,957)
Citation 2

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23.

Product Market Competition With Crypto Tokens and Smart Contracts

Number of pages: 51 Posted: 12 Jun 2019 Last Revised: 01 Oct 2020
Evgeny Lyandres
Tel Aviv University
Downloads 263 (146,515)
Citation 4

Abstract:

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

24.

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 229 (167,701)
Citation 2

Abstract:

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

25.

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 207 (184,450)

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

26.

Industrial Robots and Finance

Number of pages: 73 Posted: 03 Dec 2020 Last Revised: 28 Jun 2021
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 190 (199,444)

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Industrial robots, leverage, interest rates, labor price uncertainty

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 148 (246,718)

Abstract:

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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
Bar-Ilan University - Graduate School of Business Administration, Tel Aviv University, Bar Ilan University and Ariel University - Department of Economics and Business Administration
Downloads 67 (416,113)

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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 (454,669)
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