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

18

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209

Scholarly Papers (18)

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1.

Anomalies

Downloads 1,560 ( 9,869)
Citation 71

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, 张橹
Cheung Kong Graduate School of Business, University of California, Berkeley and Ohio State University - Fisher College of Business
Downloads 1,277 (14,139)
Citation 71

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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, 张橹
University of Michigan, Stephen M. Ross School of Business, University of California, Berkeley and Ohio State University - Fisher College of Business
Downloads 283 (103,729)
Citation 71

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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, 张橹
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.

Do Shareholder Rights Affect the Cost of Bank Loans?

Downloads 1,048 ( 19,466)
Citation 51

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 K. Purnanandam
Georgia Institute of Technology - Scheller College of Business, University of California, Berkeley and University of Michigan, Stephen M. Ross School of Business
Downloads 1,048 (19,105)
Citation 51

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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 K. 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

3.

Optimal Diversification

Downloads 651 ( 38,168)
Citation 11

Optimal Diversification

AFA 2003 Washington, DC Meetings
Number of pages: 31 Posted: 30 Nov 2002
Joao F. Gomes and Dmitry Livdan
The Wharton School and University of California, Berkeley
Downloads 625 (39,697)
Citation 11

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Optimal Diversification

CEPR Discussion Paper No. 3461
Number of pages: 33 Posted: 04 Sep 2002
Joao F. Gomes and Dmitry Livdan
The Wharton School and University of California, Berkeley
Downloads 26 (487,685)
Citation 11
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Diversification discount, size, corporate strategy, total factor productivity, diversification

4.

Financially Constrained Stock Returns

Downloads 627 ( 40,094)
Citation 38

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, 张橹
University of California, Berkeley, Board of Governors of the Federal Reserve System and Ohio State University - Fisher College of Business
Downloads 314 (92,656)
Citation 38

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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, 张橹
University of California, Berkeley, Board of Governors of the Federal Reserve System and Ohio State University - Fisher College of Business
Downloads 289 (101,466)
Citation 38

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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: 02 Feb 2010
Dmitry Livdan, Horacio Sapriza and Lu Zhang, 张橹
University of California, Berkeley, Board of Governors of the Federal Reserve System and Ohio State University - Fisher College of Business
Downloads 24 (499,555)
Citation 38

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5.

Optimal Market Timing

Downloads 538 ( 48,911)
Citation 4

Optimal Market Timing

Simon School Working Paper
Number of pages: 42 Posted: 26 Jan 2006
Dmitry Livdan, Erica X. N. Li and Lu Zhang, 张橹
University of California, Berkeley, Cheung Kong Graduate School of Business and Ohio State University - Fisher College of Business
Downloads 383 (73,621)
Citation 4

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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 128 (216,731)
Citation 4

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Optimal Market Timing

NBER Working Paper No. w12014
Number of pages: 43 Posted: 27 Apr 2006
Erica X. N. Li, Dmitry Livdan and Lu Zhang, 张橹
Cheung Kong Graduate School of Business, University of California, Berkeley and Ohio State University - Fisher College of Business
Downloads 27 (481,998)
Citation 4

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6.

Informed Trading and Portfolio Returns

Number of pages: 42 Posted: 11 Sep 2009 Last Revised: 14 Jan 2010
Alex Boulatov, Terrence Hendershott and Dmitry Livdan
HSE Moscow, University of California, Berkeley - Haas School of Business and University of California, Berkeley
Downloads 512 (52,125)
Citation 6

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informed trading, portfolio autocorrelations, adverse selection

7.

Asset Pricing: A Tale of Night and Day

Number of pages: 47 Posted: 15 Feb 2018 Last Revised: 09 Aug 2018
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 383 (74,305)

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8.

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 University of Illinois at Urbana-Champaign - Department of Finance
Downloads 323 (90,329)
Citation 3

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9.

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 Schürhoff
University of California, Berkeley - Haas School of Business, University of California, Berkeley and University of Lausanne
Downloads 318 (91,920)
Citation 4

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10.

Futures Prices in a Production Economy with Investment Constraints

Downloads 307 ( 95,574)
Citation 19

Futures Prices in a Production Economy with Investment Constraints

Number of pages: 37 Posted: 17 Feb 2004
Leonid Kogan, Dmitry Livdan and Amir Yaron
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of California, Berkeley and University of Pennsylvania -- Wharton School of Business
Downloads 244 (121,224)
Citation 19

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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: 20 Aug 2009
Leonid Kogan, Dmitry Livdan and Amir Yaron
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of California, Berkeley and University of Pennsylvania -- Wharton School of Business
Downloads 63 (343,099)
Citation 19

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11.

Strategic Trading with Market Closures

Number of pages: 52 Posted: 23 Dec 2005
Alex Boulatov and Dmitry Livdan
HSE Moscow and University of California, Berkeley
Downloads 191 (153,970)
Citation 1

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strategic informed trading, market closures, imperfect competition

12.

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 University of California, Berkeley - Haas School of Business
Downloads 154 (185,915)

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13.

Explaining the Pattern in Returns for Diversified Firms

Number of pages: 47 Posted: 27 Feb 2005
Dmitry Livdan
University of California, Berkeley
Downloads 100 (257,940)
Citation 1

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

14.

Relationship Trading in OTC Markets

Downloads 96 (264,935)

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 Schürhoff
University of California, Berkeley - Haas School of Business, Federal Reserve Board, University of California, Berkeley and University of Lausanne
Downloads 94 (270,589)

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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 Schürhoff
University of California, Berkeley - Haas School of Business, Federal Reserve Board, University of California, Berkeley and University of Lausanne
Downloads 2 (646,444)
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corporate bond, Decentralization, Financial Networks, liquidity, Over-the-counter market, trading cost

15.

Investment, Tobin's Q, and Vintage Capital: Theory and Evidence

Number of pages: 40 Posted: 19 Oct 2017
Dmitry Livdan and Alexander Nezlobin
University of California, Berkeley and University of California, Berkeley - Haas School of Business
Downloads 62 (341,295)

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Investment; Tobin's Q; Vintage Capital

16.

Bayesian Pricing of News

Number of pages: 42 Posted: 20 Aug 2018
Dmitry Livdan and Alexander Nezlobin
University of California, Berkeley and University of California, Berkeley - Haas School of Business
Downloads 61 (344,045)

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Persuasion Games, Voluntary Disclosure, Cost of Capital, News Pricing

17.

Goal Congruence and Real Options: Good News About Models with Bad News

Number of pages: 44 Posted: 19 Oct 2017
Dmitry Livdan and Alexander Nezlobin
University of California, Berkeley and University of California, Berkeley - Haas School of Business
Downloads 59 (349,627)

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18.

The Performance of Optimally Diversified Firms: Reconciling Theory and Evidence

CEPR Discussion Paper No. 3546
Number of pages: 32 Posted: 23 Oct 2002
Joao F. Gomes and Dmitry Livdan
The Wharton School and University of California, Berkeley
Downloads 21 (501,214)
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firm diversification, Tobin's Q, diversification discount, total factor productivity