Dmitry Livdan

University of California, Berkeley

Assistant Professor

545 Student Services Building, #1900

2220 Piedmont Avenue

Berkeley, CA 94720

United States

  • University of California, Berkeley

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    • Tel: (510) 642-4733
SCHOLARLY PAPERS

23

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in Total Papers Citations

414

CROSSREF CITATIONS

200

Scholarly Papers (23)

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1.

Anomalies

Downloads 1,674 (15,883)
Citation 12

Anomalies

Simon School Working Paper No. 04-16, Fifteenth Annual Utah Winter Finance Conference
Number of pages: 44 Posted: 01 Nov 2006
Erica X. N. Li, Dmitry Livdan and Lu Zhang
Cheung Kong Graduate School of Business, University of California, Berkeley and Ohio State University - Fisher College of Business
Downloads 1,349 (24,421)
Citation 2

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Anomalies, Tobin's Q, time-varying expected return, rational expectations, behavioral finance

Anomalies

Review of Financial Studies, Forthcoming
Number of pages: 60 Posted: 10 Jul 2008
Erica X. N. Li, Dmitry Livdan and Lu Zhang
University of Michigan, Stephen M. Ross School of Business, University of California, Berkeley and Ohio State University - Fisher College of Business
Downloads 325 (154,161)
Citation 4

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Anomalies, the q-theory, optimal investment, time-varying expected return, rational expectations economics

Anomalies

The Review of Financial Studies, Vol. 22, Issue 11, pp. 4301-4334, 2009
Posted: 08 Dec 2009
Erica X. N. Li, Dmitry Livdan and Lu Zhang
University of Michigan, Stephen M. Ross School of Business, University of California, Berkeley and Ohio State University - Fisher College of Business

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2.

Finfluencers

Swiss Finance Institute Research Paper No. 23-30
Number of pages: 57 Posted: 03 May 2023 Last Revised: 18 Jul 2023
Ali Kakhbod, Seyed Mohammad Kazempour, Dmitry Livdan and Norman Schuerhoff
University of California, Berkeley, Louisiana State University, University of California, Berkeley and Swiss Finance Institute - HEC Lausanne
Downloads 1,441 (22,576)

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Finfluencers, social media, mixture modeling, retail traders, homophily, belief bias

3.

Do Shareholder Rights Affect the Cost of Bank Loans?

Downloads 1,168 (30,726)
Citation 80

Do Shareholder Rights Affect the Cost of Bank Loans?

EFA 2004 Maastricht Meetings Paper No. 5061
Number of pages: 51 Posted: 03 Aug 2004 Last Revised: 26 Oct 2015
Sudheer Chava, Dmitry Livdan and Amiyatosh Purnanandam
Georgia Institute of Technology - Scheller College of Business, University of California, Berkeley and University of Michigan, Stephen M. Ross School of Business
Downloads 1,168 (30,250)
Citation 80

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Corporate governance, shareholder rights, investor protection, hostile takeovers, bank loans, loan spreads

Do Shareholder Rights Affect the Cost of Bank Loans?

The Review of Financial Studies, Vol. 22, Issue 8, pp. 2973-3004, 2009
Posted: 05 Aug 2009
Sudheer Chava, Dmitry Livdan and Amiyatosh Purnanandam
Georgia Institute of Technology - Scheller College of Business, University of California, Berkeley and University of Michigan, Stephen M. Ross School of Business

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G21, G32, G34

4.

Asset Pricing: A Tale of Night and Day

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 65 Posted: 15 Feb 2018 Last Revised: 03 Dec 2019
Terrence Hendershott, Dmitry Livdan and Dominik Rösch
University of California, Berkeley - Haas School of Business, University of California, Berkeley and State University of New York at Buffalo - School of Management
Downloads 1,068 (34,821)
Citation 18

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5.

Financially Constrained Stock Returns

Downloads 707 (61,447)
Citation 39

Financially Constrained Stock Returns

Simon Business School Working Paper No. FR 04-07, Ross School of Business Paper No. 1048, AFA 2005 Philadelphia Meetings
Number of pages: 48 Posted: 27 Apr 2004
Dmitry Livdan, Horacio Sapriza and Lu Zhang
University of California, Berkeley, Board of Governors of the Federal Reserve System and Ohio State University - Fisher College of Business
Downloads 338 (147,863)
Citation 1

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Financial constraints, debt capacity, stochastic discount factor, expected returns

Financially Constrained Stock Returns

Journal of Finance, Forthcoming
Number of pages: 56 Posted: 10 Jul 2008
Dmitry Livdan, Horacio Sapriza and Lu Zhang
University of California, Berkeley, Board of Governors of the Federal Reserve System and Ohio State University - Fisher College of Business
Downloads 329 (152,130)
Citation 2

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debt capacity, investment-based asset pricing, collateral constraints, the cross-section of expected stock returns

Financially Constrained Stock Returns

NBER Working Paper No. w12555
Number of pages: 49 Posted: 08 Oct 2006 Last Revised: 26 Oct 2022
Dmitry Livdan, Horacio Sapriza and Lu Zhang
University of California, Berkeley, Board of Governors of the Federal Reserve System and Ohio State University - Fisher College of Business
Downloads 40 (712,467)
Citation 3

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6.

Optimal Diversification

Downloads 673 (65,538)
Citation 1

Optimal Diversification

Number of pages: 31 Posted: 30 Nov 2002
Joao F. Gomes and Dmitry Livdan
The Wharton School and University of California, Berkeley
Downloads 647 (67,947)
Citation 3

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Optimal Diversification

Number of pages: 33 Posted: 04 Sep 2002
Joao F. Gomes and Dmitry Livdan
The Wharton School and University of California, Berkeley
Downloads 26 (821,929)
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Diversification discount, size, corporate strategy, total factor productivity, diversification

7.

Optimal Market Timing

Downloads 590 (77,341)

Optimal Market Timing

Simon School Working Paper
Number of pages: 42 Posted: 26 Jan 2006
Dmitry Livdan, Erica X. N. Li and Lu Zhang
University of California, Berkeley, Cheung Kong Graduate School of Business and Ohio State University - Fisher College of Business
Downloads 403 (121,257)

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External Finance, Market Timing, Stock Returns, Quantitative Theory, Neoclassical Economics

Optimal Market Timing

Sixteenth Annual Utah Winter Finance Conference
Number of pages: 42 Posted: 08 Nov 2006
Dmitry Livdan, Erica X. N. Li and Lu Zhang
University of California, Berkeley, Cheung Kong Graduate School of Business and University of Rochester
Downloads 148 (325,944)

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Optimal Market Timing

NBER Working Paper No. w12014
Number of pages: 43 Posted: 27 Apr 2006 Last Revised: 01 May 2022
Erica X. N. Li, Dmitry Livdan and Lu Zhang
Cheung Kong Graduate School of Business, University of California, Berkeley and Ohio State University - Fisher College of Business
Downloads 39 (719,414)

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8.

Informed Trading and Portfolio Returns

Number of pages: 42 Posted: 11 Sep 2009 Last Revised: 14 Jan 2010
Alex Boulatov, Alex Boulatov, Terrence Hendershott and Dmitry Livdan
University of Houston - C.T. Bauer College of BusinessHSE Moscow, University of California, Berkeley - Haas School of Business and University of California, Berkeley
Downloads 568 (81,081)
Citation 14

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informed trading, portfolio autocorrelations, adverse selection

9.

All-to-All Liquidity in Corporate Bonds

Downloads 543 (85,768)
Citation 2

All-to-All Liquidity in Corporate Bonds

Swiss Finance Institute Research Paper No. 21-43
Number of pages: 57 Posted: 02 Aug 2021 Last Revised: 28 Oct 2021
Terrence Hendershott, Dmitry Livdan and Norman Schuerhoff
University of California, Berkeley - Haas School of Business, University of California, Berkeley and Swiss Finance Institute - HEC Lausanne
Downloads 542 (85,000)
Citation 2

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Over-the-counter markets, electronic trading, request for quote, open trading, corporate bonds, dealers

Do We Need Dealers in OTC Markets?

CEPR Discussion Paper No. DP16437
Number of pages: 50 Posted: 22 Sep 2021
Terrence Hendershott, Dmitry Livdan and Norman Schuerhoff
University of California, Berkeley - Haas School of Business, University of California, Berkeley and Swiss Finance Institute - HEC Lausanne
Downloads 1 (1,061,315)
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corporate bonds, Dealers, electronic trading, open trading, Over-the-counter markets, request for quote

10.

Risking Other People's Money: Gambling, Limited Liability, and Optimal Incentives

Number of pages: 38 Posted: 12 Sep 2013
Peter M. DeMarzo, Dmitry Livdan and Alexei Tchistyi
Stanford Graduate School of Business, University of California, Berkeley and Cornell SC Johnson College of Business
Downloads 490 (97,270)
Citation 28

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11.

True Cost of Immediacy

Downloads 468 (102,736)
Citation 3

True Cost of Immediacy

Swiss Finance Institute Research Paper No. 20-71
Number of pages: 67 Posted: 25 Aug 2020 Last Revised: 06 Apr 2022
Terrence Hendershott, Dan Li, Dmitry Livdan and Norman Schuerhoff
University of California, Berkeley - Haas School of Business, Board of Governors of the Federal Reserve System, University of California, Berkeley and Swiss Finance Institute - HEC Lausanne
Downloads 468 (101,701)
Citation 1

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Liquidity, bids-wanted-in-competition, collateralized loan obligations, securities auctions, over-the-counter market structure

True Cost of Immediacy

CEPR Discussion Paper No. DP15205
Number of pages: 65 Posted: 12 Sep 2020
Terrence Hendershott, Dan Li, Dmitry Livdan and Norman Schuerhoff
University of California, Berkeley - Haas School of Business, Board of Governors of the Federal Reserve System, University of California, Berkeley and Swiss Finance Institute - HEC Lausanne
Downloads 0
Citation 2
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bids-wanted-in-competition, Collateralized loan obligations, financial fragility, liquidity, Over-the-counter markets

12.

Are Institutions Informed About News?

Swiss Finance Institute Research Paper No. 14-49
Number of pages: 62 Posted: 27 Jul 2014
Terrence Hendershott, Dmitry Livdan and Norman Schuerhoff
University of California, Berkeley - Haas School of Business, University of California, Berkeley and Swiss Finance Institute - HEC Lausanne
Downloads 410 (120,031)
Citation 44

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13.

Futures Prices in a Production Economy with Investment Constraints

Downloads 346 (145,178)
Citation 37

Futures Prices in a Production Economy with Investment Constraints

Number of pages: 37 Posted: 17 Feb 2004
Leonid Kogan, Dmitry Livdan, Amir Yaron and Amir Yaron
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of California, Berkeley and Bank of IsraelUniversity of Pennsylvania -- Wharton School of Business
Downloads 267 (189,454)
Citation 1

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Futures, investment contraints, production economy, SMM

Futures Prices in a Production Economy with Investment Constraints

NBER Working Paper No. w11509
Number of pages: 48 Posted: 13 Sep 2005 Last Revised: 26 Dec 2022
Leonid Kogan, Dmitry Livdan, Amir Yaron and Amir Yaron
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of California, Berkeley and Bank of IsraelUniversity of Pennsylvania -- Wharton School of Business
Downloads 79 (509,713)
Citation 5

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14.

Quote Competition in Corporate Bonds

SMU Cox School of Business Research Paper No. 22-03, Swiss Finance Institute Research Paper No. 22-70
Number of pages: 44 Posted: 04 Feb 2022 Last Revised: 12 Sep 2022
Terrence Hendershott, Dan Li, Dmitry Livdan, Norman Schuerhoff and Kumar Venkataraman
University of California, Berkeley - Haas School of Business, Board of Governors of the Federal Reserve System, University of California, Berkeley, Swiss Finance Institute - HEC Lausanne and Southern Methodist University (SMU) - Finance Department
Downloads 342 (147,044)

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Pretrade transparency, quotes, corporate bonds, OTC markets, order flow competition

15.

Relationship Trading in OTC Markets

Downloads 242 (209,745)
Citation 74

Relationship Trading in OTC Markets

Swiss Finance Institute Research Paper No. 17-30
Number of pages: 46 Posted: 04 Dec 2017
Terrence Hendershott, Dan Li, Dmitry Livdan and Norman Schuerhoff
University of California, Berkeley - Haas School of Business, Board of Governors of the Federal Reserve System, University of California, Berkeley and Swiss Finance Institute - HEC Lausanne
Downloads 240 (210,635)
Citation 47

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Over-the-counter market, corporate bond, trading cost, liquidity, decentralization, financial network

Relationship Trading in OTC Markets

CEPR Discussion Paper No. DP12472
Number of pages: 49 Posted: 12 Dec 2017
Terrence Hendershott, Dan Li, Dmitry Livdan and Norman Schuerhoff
University of California, Berkeley - Haas School of Business, Board of Governors of the Federal Reserve System, University of California, Berkeley and Swiss Finance Institute - HEC Lausanne
Downloads 2 (1,052,349)
Citation 10
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corporate bond, Decentralization, Financial Networks, liquidity, Over-the-counter market, trading cost

16.

Strategic Trading with Market Closures

Number of pages: 52 Posted: 23 Dec 2005
Alex Boulatov, Alex Boulatov and Dmitry Livdan
University of Houston - C.T. Bauer College of BusinessHSE Moscow and University of California, Berkeley
Downloads 226 (224,168)

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strategic informed trading, market closures, imperfect competition

17.

Preparing for the Storm: Firm Policies and Time-varying Recession Risk

Number of pages: 69 Posted: 15 Mar 2023 Last Revised: 10 Jul 2023
Ali Kakhbod, Dmitry Livdan, A. Max Reppen and Tarik Umar
University of California, Berkeley, University of California, Berkeley, Boston University - Questrom School of Business and Rice University
Downloads 217 (232,862)

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Recession, market timing, risk management, financial crises, liquidity, business cycles.

18.

Accounting Rules, Equity Valuation, and Growth Options

Number of pages: 46 Posted: 08 Dec 2015
Dmitry Livdan and Alexander Nezlobin
University of California, Berkeley and London School of Economics & Political Science (LSE) - London School of Economics
Downloads 178 (278,441)
Citation 1

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19.

Incentivizing Irreversible Investment

Number of pages: 41 Posted: 19 Oct 2017 Last Revised: 30 Dec 2020
Dmitry Livdan and Alexander Nezlobin
University of California, Berkeley and London School of Economics & Political Science (LSE) - London School of Economics
Downloads 171 (288,435)
Citation 1

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20.

Investment, Capital Stock, and Replacement Cost of Assets when Economic Depreciation is Non-Geometric

Number of pages: 62 Posted: 19 Oct 2017 Last Revised: 30 Dec 2020
Dmitry Livdan and Alexander Nezlobin
University of California, Berkeley and London School of Economics & Political Science (LSE) - London School of Economics
Downloads 171 (288,435)
Citation 4

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Investment; Tobin's Q; Vintage Capital; Capital Stock; Replacement Cost of Assets

21.

Explaining the Pattern in Returns for Diversified Firms

Number of pages: 47 Posted: 27 Feb 2005
Dmitry Livdan
University of California, Berkeley
Downloads 113 (399,150)
Citation 1

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Firm diversification, Tobin's Q, diversification discount, total factor productivity, stock returns

22.

Bayesian Pricing of News

Number of pages: 56 Posted: 20 Aug 2018 Last Revised: 06 Nov 2021
Dmitry Livdan and Alexander Nezlobin
University of California, Berkeley and London School of Economics & Political Science (LSE) - London School of Economics
Downloads 49 (640,987)

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Voluntary Disclosure, Cost of Capital, Pricing of News, Fisher Score

23.

The Performance of Optimally Diversified Firms: Reconciling Theory and Evidence

Number of pages: 32 Posted: 23 Oct 2002
Joao F. Gomes and Dmitry Livdan
The Wharton School and University of California, Berkeley
Downloads 21 (840,149)
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firm diversification, Tobin's Q, diversification discount, total factor productivity