Lenos Trigeorgis

University of Cyprus - Department of Public and Business Administration

Professor of Finance

75 Kallipoleos Street

P.O. Box 20537

Nicosia CY-1678

Cyprus

King's College London

Strand

London, WC2R 2LS

United Kingdom

Massachusetts Institute of Technology (MIT) - Sloan School of Management

77 Massachusetts Ave. E62-663

Cambridge, MA 02142

United States

SCHOLARLY PAPERS

33

DOWNLOADS
Rank 8,050

SSRN RANKINGS

Top 8,050

in Total Papers Downloads

7,320

SSRN CITATIONS
Rank 17,060

SSRN RANKINGS

Top 17,060

in Total Papers Citations

23

CROSSREF CITATIONS

42

Scholarly Papers (33)

1.

Option-Based Bankruptcy Prediction

Number of pages: 27 Posted: 12 Feb 2001
Andreas Charitou and Lenos Trigeorgis
University of Cyprus and University of Cyprus - Department of Public and Business Administration
Downloads 1,664 (13,260)
Citation 5

Abstract:

Loading...

Option pricing, bankruptcy

2.

Real Options at the Interface of Finance and Operations: Exploiting Embedded Supply Chain Real Options to Gain Competitiveness

European Journal of Finance, 2013, Volume 19, Issue 7-8, pages 760-778
Number of pages: 22 Posted: 11 Dec 2010 Last Revised: 07 Jul 2015
University of Melbourne - Centre for Actuarial Studies, Schulich School of Business, York University, University of Lausanne - Faculty of Business and Economics and University of Cyprus - Department of Public and Business Administration
Downloads 602 (56,657)
Citation 3

Abstract:

Loading...

real options, supply chain strategy, supply chain risk

3.

An Improved Binomial Lattice Method for Multi-Dimensional Options

Applied Mathematical Finance, Forthcoming, WBS Finance Group Research Paper No. 49
Number of pages: 30 Posted: 12 Sep 2005
Andrea Gamba and Lenos Trigeorgis
University of Warwick - Finance Group and University of Cyprus - Department of Public and Business Administration
Downloads 576 (59,857)
Citation 1

Abstract:

Loading...

Option pricing, binomial lattice, multi-dimensional diffusion

4.

Growth Options and Related Stock Market Anomalies: Profitability, Distress, Lotteryness, and Volatility

Number of pages: 83 Posted: 27 May 2017 Last Revised: 28 Mar 2019
Georgetown University - Robert Emmett McDonough School of Business, ESADE Business School, Cyprus University of Technology and University of Cyprus - Department of Public and Business Administration
Downloads 568 (60,930)
Citation 2

Abstract:

Loading...

Stock Market Anomalies, Stock Returns, Growth Options, Profitability, Lotteryness, Distress, Idiosyncratic Volatility, Idiosyncratic Skewness

5.

Flexible Investment Decisions in the Telecommunications Industry: Case Applications Using Real Options

NET Institute Working Paper No. 06-06
Number of pages: 65 Posted: 23 Oct 2006
Fotios Harmantzis and Lenos Trigeorgis
FX Concepts and University of Cyprus - Department of Public and Business Administration
Downloads 486 (73,998)

Abstract:

Loading...

6.

Optimal Sourcing and Lead-Time Reduction under Evolutionary Demand Risk

Production and Operations Management, Forthcoming
Number of pages: 32 Posted: 03 Dec 2011 Last Revised: 06 Jul 2015
University of Lausanne - Faculty of Business and Economics, University of Lausanne, University of Cyprus - Department of Public and Business Administration and University of Melbourne - Centre for Actuarial Studies
Downloads 449 (81,407)
Citation 2

Abstract:

Loading...

lead-time reduction, forecast evolution, real options, supply-chain risk

7.

Shareholder Wealth Effects of Dividend Policy Changes in an Emerging Stock Market: The Case of Cyprus

Multinational Finance Journal, Vol. 5, No. 2, p. 87-112, 2001
Number of pages: 26 Posted: 08 Jul 2015
University of SurreyALBA Graduate Business School, University of Cyprus - Department of Public and Business Administration and University of Cyprus
Downloads 448 (81,617)
Citation 1

Abstract:

Loading...

cash dividends; emerging markets; stock dividends

8.

Value Uncertainty

Georgetown McDonough School of Business Research Paper No. 3299582
Number of pages: 91 Posted: 02 Jan 2019 Last Revised: 05 Oct 2020
Georgetown University - Robert Emmett McDonough School of Business, ESADE Business School, Universidad Complutense de Madrid (UCM) - Colegio Universitario de Estudios Financieros (CUNEF) and University of Cyprus - Department of Public and Business Administration
Downloads 392 (95,312)
Citation 1

Abstract:

Loading...

Real Options, value stocks, book-to-market uncertainty, equity returns

9.

Asymmetric Returns and the Economic Content of Accruals and Investment

Number of pages: 34 Posted: 01 May 2018
ESADE Business School, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Cyprus University of Technology and University of Cyprus - Department of Public and Business Administration
Downloads 341 (111,626)

Abstract:

Loading...

investment and accruals, volatility, growth options, nonlinear equity value, asymmetric returns, idiosyncratic skewness, anomalies

10.

Rethinking Lead Time Reduction Investment: A Real Options Perspective

UNSW Australian School of Business Research Paper No. 2008ACTL16
Number of pages: 2 Posted: 29 Nov 2008
Suzanne de Treville, Lenos Trigeorgis and Benjamin Avanzi
University of Lausanne - Faculty of Business and Economics, University of Cyprus - Department of Public and Business Administration and University of Melbourne - Centre for Actuarial Studies
Downloads 278

Abstract:

Loading...

flexible manufacturing systems, real options analysis, manufacturing lead time, supply chain design, supply chain decision structure

11.

Option Market Ambiguity, Excess Returns and the Equity Premium

Number of pages: 53 Posted: 24 Sep 2015 Last Revised: 29 Aug 2016
Raymond HY So, Tarik Driouchi and Lenos Trigeorgis
University of London, King's College London, Department of Management, Affiliation Not Provided to SSRN and University of Cyprus - Department of Public and Business Administration
Downloads 274 (140,871)
Citation 1

Abstract:

Loading...

Ambiguity, option markets, return predictability, market excess returns, equity premium, risk-return trade-off, international evidence

12.

Strategic Investment Under Uncertainty: A Synthesis

Number of pages: 38 Posted: 29 Jan 2010 Last Revised: 24 Jun 2012
Cranfield School of Management, Karlsruhe Institute of Technology, WHU - Otto Beisheim School of Management and University of Cyprus - Department of Public and Business Administration
Downloads 255 (151,416)
Citation 7

Abstract:

Loading...

Finance, Investment under uncertainty, Real options, Strategic investment, Option games.

13.

Product Development with Value-Enhancing Options

Number of pages: 47 Posted: 23 Mar 2007
Nicos Koussis, Lenos Trigeorgis and Spiros Martzoukos
University of Cyprus, University of Cyprus - Department of Public and Business Administration and University of Cyprus - Department of Public and Business Administration
Downloads 144 (252,865)

Abstract:

Loading...

Real options, economics of R&D, technical risk, path-dependency, sequential (compound) options, early versions (pilot projects) with cash multiplier, jump-diffusion

14.

Greek Sovereign Debt: Addressing Economic Distress and Growth in the Euro Area

Number of pages: 33 Posted: 29 Dec 2017
Independent, University of Piraeus, Manchester Business School, University of Calgary - Haskayne School of Business and University of Cyprus - Department of Public and Business Administration
Downloads 125 (281,861)
Citation 1

Abstract:

Loading...

Greek sovereign debt, Grexit, debt sustainability, real options, growth-indexed bonds, fiscal balance, structural reforms

15.

Preemptive Capacity Investment Under Uncertainty

Number of pages: 18 Posted: 23 Jan 2011 Last Revised: 24 Jun 2012
Cranfield School of Management, WHU - Otto Beisheim School of Management and University of Cyprus - Department of Public and Business Administration
Downloads 112 (304,922)
Citation 1

Abstract:

Loading...

financial economics, strategic investment under uncertainty, real options, stochastic differential games, capital accumulation

16.

Bank Lottery Behavior and Regulatory Bailouts

Number of pages: 53 Posted: 03 Apr 2017
ESADE Business School, Helsinki School of Economics, New York University - Leonard N. Stern School of Business and University of Cyprus - Department of Public and Business Administration
Downloads 107 (314,764)

Abstract:

Loading...

Lottery Behavior, Regulatory Bailout, Bank Stocks, Risk Taking, TARP, Equity Returns

17.

Growth Options as Determinants of Skewness

ESADE Business School Research Paper No. 247
Number of pages: 44 Posted: 30 Jun 2013
Luca Del Viva, Eero Kasanen and Lenos Trigeorgis
ESADE Business School, Helsinki School of Economics and University of Cyprus - Department of Public and Business Administration
Downloads 92 (347,181)

Abstract:

Loading...

18.

Options Trading Activity and the Efficiency of Corporate Investment

Number of pages: 64 Posted: 23 Feb 2021 Last Revised: 25 Aug 2021
University of Piraeus, Department of Banking and Financial Management, University of Cyprus - Department of Public and Business Administration and Athens University of Economics and Business - Department of Accounting and Finance
Downloads 89 (354,478)

Abstract:

Loading...

option trading activity, investment efficiency, under- or over-investment, information asymmetry, agency costs

19.

The Effect of Cost Asymmetry and Output Flexibility on Capacity Choices

Number of pages: 35 Posted: 04 Apr 2013 Last Revised: 17 Apr 2019
Cranfield School of Management, University of Wuerzburg, Tilburg University - Department of Econometrics & Operations Research and University of Cyprus - Department of Public and Business Administration
Downloads 88 (356,983)

Abstract:

Loading...

Operational flexibility, real options, market entry, industrial organization

20.

Flexibility and Games in Strategic Investment

Multinational Finance Journal, Vol. 14, No. 1/2, p. 125-151, 2010
Number of pages: 27 Posted: 26 Jun 2015
Han T. J. Smit and Lenos Trigeorgis
Erasmus University Rotterdam (EUR) and University of Cyprus - Department of Public and Business Administration
Downloads 82 (372,641)
Citation 1

Abstract:

Loading...

strategic planning; real options; game theory; option games; competition

21.

Do Big Bank Equityholders 'Pay' for Bailout Insurance Over the Economic Cycle?

Number of pages: 39 Posted: 20 Jul 2017
ESADE Business School, Helsinki School of Economics, New York University - Leonard N. Stern School of Business and University of Cyprus - Department of Public and Business Administration
Downloads 51 (475,188)

Abstract:

Loading...

TARP, Too-big-to-Fail, TBTF, Bailout, Banks, Financial Institution, Big Banks

22.

Innovative Activity, Growth Options and the Heterogeneous Return Performance of Cross-border vs. Domestic M&A Firms

Number of pages: 59 Posted: 18 May 2020
ESADE Business School, University of LiverpoolNOVA School of Business and Economics and University of Cyprus - Department of Public and Business Administration
Downloads 44 (505,107)
Citation 1

Abstract:

Loading...

acquisitions, mergers, international, equity return, real options, multinational network hypothesis

23.

Strategic Planning: Valuing and Managing Portfolios of Real Options

R&D Management, Vol. 36, No. 4, pp. 403-419, September 2006
Number of pages: 17 Posted: 21 Sep 2006
Han Smit and Lenos Trigeorgis
Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE) and University of Cyprus - Department of Public and Business Administration
Downloads 18 (656,508)
  • Add to Cart

Abstract:

Loading...

24.

Online Appendix for: 'Options Trading Activity and the Efficiency of Corporate Investment'

Number of pages: 10 Posted: 27 Aug 2021
University of Piraeus, Department of Banking and Financial Management, University of Cyprus - Department of Public and Business Administration and Athens University of Economics and Business - Department of Accounting and Finance
Downloads 12 (701,738)

Abstract:

Loading...

Option trading activity, investment efficiency, under- or over-investment, information asymmetry, agency costs, managerial learning

25.

Earnings Behaviour of Financially Distressed Firms: The Role of Institutional Ownership

Abacus, Vol. 43, No. 3, pp. 271-296, September 2007
Number of pages: 26 Posted: 17 Aug 2007
Andreas Charitou, Neophytos Lambertides and Lenos Trigeorgis
University of Cyprus, Cyprus University of Technology and University of Cyprus - Department of Public and Business Administration
Downloads 12 (701,738)
Citation 6
  • Add to Cart

Abstract:

Loading...

26.

Assessing the Value of Growth Option Synergies from Business Combinations and Testing for Goodwill Impairment: A Real Options Perspective

Journal of Applied Corporate Finance, Vol. 21, Issue 4, pp. 115-124, Fall 2009
Number of pages: 11 Posted: 16 Dec 2009
Francesco Baldi and Lenos Trigeorgis
Univeristy of Rome, La Sapienza and University of Cyprus - Department of Public and Business Administration
Downloads 8 (733,279)
Citation 1
  • Add to Cart

Abstract:

Loading...

27.

Distress Risk, Growth and Earnings Quality

Abacus, Vol. 47, Issue 2, pp. 158-181, 2011
Number of pages: 24 Posted: 06 Jun 2011
Andreas Charitou, Neophytos Lambertides and Lenos Trigeorgis
University of Cyprus, Cyprus University of Technology and University of Cyprus - Department of Public and Business Administration
Downloads 3 (772,321)
  • Add to Cart

Abstract:

Loading...

Distress risk, Earnings quality, Growth options

28.

Real Options in Strategy and Finance. Current Gaps and Future Linkages

Academy of Management Perspectives, Vol. 30(4), p. 428-440, 2016
Posted: 17 Mar 2017
University of LiverpoolNOVA School of Business and Economics, Purdue University - Krannert School of Management and University of Cyprus - Department of Public and Business Administration

Abstract:

Loading...

Real Options, Finance, Management, Review

29.

The Strategic Capital Budgeting Process: A Review of Theories and Practices

Real Options in Capital Investment: New Contributions, L. Trigeorgis (Ed.), Praeger Publishers, 1995, 69-86
Posted: 17 Mar 2015
Van Son Lai and Lenos Trigeorgis
Université Laval and University of Cyprus - Department of Public and Business Administration

Abstract:

Loading...

30.

Alternative Bankruptcy Prediction Models using Option-Pricing Theory

Journal of Banking and Finance, 37 (7), 2329-2341, 2011
Posted: 17 Mar 2011 Last Revised: 28 Mar 2016
University of Cyprus, University of Stirling, Cyprus University of Technology and University of Cyprus - Department of Public and Business Administration

Abstract:

Loading...

Bankruptcy prediction, Option-pricing theory, Volatility estimation

31.

Managerial Discretion in Distressed Firms

British Accounting Review, Vol. 39, No. 4, 2007
Posted: 14 Aug 2010
Andreas Charitou, Neophytos Lambertides and Lenos Trigeorgis
University of Cyprus, Cyprus University of Technology and University of Cyprus - Department of Public and Business Administration

Abstract:

Loading...

Distress, Bankruptcy, Earnings management, Audit opinion, Stock returns

32.

The General Flexibility to Switch: Real Options Revisited

International Journal Of Finance, Vol 6 No 2, Winter 1994
Posted: 03 May 2000
Nalin Kulatilaka and Lenos Trigeorgis
Boston University Questrom School of Business - Susilo Institute for Ethics in a Global Economy and University of Cyprus - Department of Public and Business Administration

Abstract:

Loading...

33.

Multi-Stage Real Options: The Cases of Information Technology Infrastructure and International Bank Expansion

Posted: 31 Oct 1998
Sylvia Panayi and Lenos Trigeorgis
Johns Hopkins University and University of Cyprus - Department of Public and Business Administration

Abstract:

Loading...