Dmitry Livdan

University of California, Berkeley

Assistant Professor

545 Student Services Building, #1900

2220 Piedmont Avenue

Berkeley, CA 94720

United States

SCHOLARLY PAPERS

24

DOWNLOADS
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Top 4,888

in Total Papers Downloads

15,661

SSRN CITATIONS
Rank 2,575

SSRN RANKINGS

Top 2,575

in Total Papers Citations

504

CROSSREF CITATIONS

202

Scholarly Papers (24)

1.

Finfluencers

Swiss Finance Institute Research Paper No. 23-30
Number of pages: 57 Posted: 03 May 2023 Last Revised: 18 Jul 2023
University of California, Berkeley, Louisiana State University, University of California, Berkeley and Swiss Finance Institute - HEC Lausanne
Downloads 4,140 (4,815)
Citation 1

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

2.
Downloads 1,736 (16,634)
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 1,385 (26,723)
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 351 (160,030)
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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3.
Downloads 1,195 (33,728)
Citation 99

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
Georgia Institute of Technology - Scheller College of Business, University of California, Berkeley and University of Michigan, Stephen M. Ross School of Business
Downloads 1,195 (33,199)
Citation 99

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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
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
University of California, Berkeley - Haas School of Business, University of California, Berkeley and State University of New York at Buffalo - School of Management
Downloads 1,145 (35,813)
Citation 18

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5.
Downloads 780 (61,175)
Citation 43

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 361 (155,134)
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 360 (155,631)
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 59 (679,106)
Citation 3

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6.
Downloads 682 (72,821)
Citation 3

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
University of California, Berkeley - Haas School of Business, University of California, Berkeley and Swiss Finance Institute - HEC Lausanne
Downloads 681 (71,922)
Citation 3

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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
University of California, Berkeley - Haas School of Business, University of California, Berkeley and Swiss Finance Institute - HEC Lausanne
Downloads 1 (1,191,465)
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corporate bonds, Dealers, electronic trading, open trading, Over-the-counter markets, request for quote

7.
Downloads 681 (72,960)
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 655 (75,630)
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 (930,646)
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Diversification discount, size, corporate strategy, total factor productivity, diversification

8.
Downloads 635 (79,640)

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 426 (128,379)

Abstract:

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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 150 (363,483)

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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 59 (679,106)

Abstract:

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9.

Informed Trading and Portfolio Returns

Number of pages: 42 Posted: 11 Sep 2009 Last Revised: 14 Jan 2010
University of Houston - C.T. Bauer College of BusinessHSE Moscow, University of California, Berkeley - Haas School of Business and University of California, Berkeley
Downloads 579 (89,464)
Citation 14

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informed trading, portfolio autocorrelations, adverse selection

10.
Downloads 551 (95,671)
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
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 551 (94,572)
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
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

11.

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 526 (100,915)
Citation 28

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12.

Are Institutions Informed About News?

Swiss Finance Institute Research Paper No. 14-49
Number of pages: 62 Posted: 27 Jul 2014
University of California, Berkeley - Haas School of Business, University of California, Berkeley and Swiss Finance Institute - HEC Lausanne
Downloads 429 (128,666)
Citation 44

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13.

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
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 426 (129,706)

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

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 273 (208,720)
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 84 (556,452)
Citation 5

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15.
Downloads 258 (222,915)
Citation 87

Relationship Trading in OTC Markets

Swiss Finance Institute Research Paper No. 17-30
Number of pages: 46 Posted: 04 Dec 2017
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 256 (223,574)
Citation 47

Abstract:

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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
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 (1,181,663)
Citation 10
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corporate bond, Decentralization, Financial Networks, liquidity, Over-the-counter market, trading cost

16.

Life after Default: Dealer Intermediation and Recovery in Defaulted Corporate Bonds

Swiss Finance Institute Research Paper No. 23-85
Number of pages: 53 Posted: 22 Sep 2023
Karlsruhe Institute of Technology, University of California, Berkeley, University of California, Berkeley, Karlsruhe Institute of Technology and Swiss Finance Institute - HEC Lausanne
Downloads 252 (227,358)

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corporate default, corporate bonds, recovery rates, over-the-counter markets, dealer networks

17.

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 236 (242,394)

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strategic informed trading, market closures, imperfect competition

18.

Before the Storm: Firm Policies and Varying Recession Risk

Number of pages: 78 Posted: 15 Mar 2023 Last Revised: 26 Mar 2024
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 235 (243,381)

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

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
Downloads 211 (269,387)
Citation 1

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20.

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
Downloads 196 (288,082)
Citation 1

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21.

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
Downloads 195 (289,441)
Citation 4

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

22.

Explaining the Pattern in Returns for Diversified Firms

Number of pages: 47 Posted: 27 Feb 2005
Dmitry Livdan
University of California, Berkeley
Downloads 118 (437,383)
Citation 1

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

23.

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
Downloads 77 (579,370)

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

24.

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 (951,379)
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firm diversification, Tobin's Q, diversification discount, total factor productivity