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, England 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

32

DOWNLOADS
Rank 9,578

SSRN RANKINGS

Top 9,578

in Total Papers Downloads

9,152

SSRN CITATIONS
Rank 19,730

SSRN RANKINGS

Top 19,730

in Total Papers Citations

43

CROSSREF CITATIONS

24

Scholarly Papers (32)

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 1,765 (18,682)
Citation 7

Abstract:

Loading...

Option pricing, bankruptcy

2.

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 - 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 716 (67,875)

Abstract:

Loading...

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

3.

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 - McDonough School of Business, ESADE Business School, Cyprus University of Technology and University of Cyprus - Department of Public and Business Administration
Downloads 667 (74,374)
Citation 2

Abstract:

Loading...

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

4.

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 653 (76,406)
Citation 3

Abstract:

Loading...

real options, supply chain strategy, supply chain risk

5.

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 630 (79,883)
Citation 3

Abstract:

Loading...

cash dividends; emerging markets; stock dividends

6.

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 606 (83,837)
Citation 1

Abstract:

Loading...

Option pricing, binomial lattice, multi-dimensional diffusion

7.

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 541 (96,787)
Citation 3

Abstract:

Loading...

8.

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, Swiss Finance Institute - HEC Lausanne, University of Cyprus - Department of Public and Business Administration and University of Melbourne - Centre for Actuarial Studies
Downloads 506 (105,059)
Citation 3

Abstract:

Loading...

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

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 417 (132,061)

Abstract:

Loading...

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

10.

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
Zhejiang University - International Business School, Affiliation Not Provided to SSRN and University of Cyprus - Department of Public and Business Administration
Downloads 347 (162,154)
Citation 1

Abstract:

Loading...

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

11.

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 334

Abstract:

Loading...

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

12.

Strategic Investment Under Uncertainty: A Synthesis

Number of pages: 38 Posted: 29 Jan 2010 Last Revised: 24 Jun 2012
EM Lyon (Ecole de Management de Lyon) - Emlyon Business School, Karlsruhe Institute of Technology, WHU - Otto Beisheim School of Management and University of Cyprus - Department of Public and Business Administration
Downloads 312 (181,567)
Citation 7

Abstract:

Loading...

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

13.

Enhancement in Firms’ Information Environment via Options Trading and the Efficiency of Corporate Investment

Journal of Banking and Finance, forthcoming
Number of pages: 52 Posted: 23 Feb 2021 Last Revised: 17 Feb 2023
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 228 (248,963)
Citation 5

Abstract:

Loading...

information environment enhancement, option trading activity, corporate investment efficiency, under- or over-investment, information asymmetry, agency costs, managerial learning

14.

CEO Personality Traits, Strategic Flexibility, and Firm Dynamics

Journal of Corporate Finance, Vol. 84, No. 102524, 2024
Number of pages: 24 Posted: 24 Oct 2022 Last Revised: 10 Jan 2024
Aarhus University, University of South Florida, University of South Florida, University of Cyprus - Department of Public and Business Administration and affiliation not provided to SSRN
Downloads 197 (285,033)
Citation 1

Abstract:

Loading...

CEO personality traits, managerial ability, strategic flexibility, real options, corporate performance

15.

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 171 (323,223)

Abstract:

Loading...

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

16.

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 160 (342,171)
Citation 1

Abstract:

Loading...

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

Customer Orientation and Stock Resilience During Adversity Periods

Number of pages: 60 Posted: 30 Mar 2022 Last Revised: 22 Aug 2023
Cyprus University of Technology, Cyprus University of Technology, University of Cyprus - Department of Public and Business Administration and University of St Andrews
Downloads 136 (390,949)

Abstract:

Loading...

Customer Orientation, Stock Returns, Corporate Resilience, Trust, Financial Crisis, COVID-19, Textual Analysis, 10-K filings

18.

Bank Lottery Behavior and Regulatory Bailouts

Number of pages: 53 Posted: 03 Apr 2017
ESADE Business School, Aalto University - School of Business, New York University - Leonard N. Stern School of Business and University of Cyprus - Department of Public and Business Administration
Downloads 140 (381,404)

Abstract:

Loading...

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

19.

The Effect of Cost Asymmetry and Output Flexibility on Capacity Choices

Number of pages: 35 Posted: 04 Apr 2013 Last Revised: 14 Jul 2022
EM Lyon (Ecole de Management de Lyon) - Emlyon Business School, University of Wuerzburg, Tilburg University - Department of Econometrics & Operations Research and University of Cyprus - Department of Public and Business Administration
Downloads 125 (416,361)

Abstract:

Loading...

Operational flexibility, real options, market entry, industrial organization

20.

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, Aalto University - School of Business and University of Cyprus - Department of Public and Business Administration
Downloads 122 (423,926)

Abstract:

Loading...

21.

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 117 (437,545)
Citation 1

Abstract:

Loading...

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

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
Luca Del Viva, Roberto Ragozzino and Lenos Trigeorgis
ESADE Business School, Nova School of Business and Economics and University of Cyprus - Department of Public and Business Administration
Downloads 97 (499,893)
Citation 1

Abstract:

Loading...

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

23.

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

Number of pages: 39 Posted: 20 Jul 2017
ESADE Business School, Aalto University - School of Business, New York University - Leonard N. Stern School of Business and University of Cyprus - Department of Public and Business Administration
Downloads 68 (616,573)

Abstract:

Loading...

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

24.

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: 01 Mar 2023
Francesco Baldi and Lenos Trigeorgis
Univeristy of Rome, La Sapienza and University of Cyprus - Department of Public and Business Administration
Downloads 49 (721,254)

Abstract:

Loading...

25.

Online Appendix for: 'Enhancement in Firms’ Information Environment via Options Trading and the Efficiency of Corporate Investment'

Journal of Banking and Finance, forthcoming
Number of pages: 26 Posted: 27 Aug 2021 Last Revised: 14 Feb 2023
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 48 (727,550)

Abstract:

Loading...

information environment enhancement, option trading activity, corporate investment efficiency, under- or over-investment, information asymmetry, agency costs, managerial learning

26.

Geopolitical Risk, Uncertainty, Real Options, and Corporate Social Responsibility

Posted: 30 Oct 2023 Last Revised: 12 Nov 2023
Arkansas Tech University-College of Business, Frederick University, Frederick University and University of Cyprus - Department of Public and Business Administration

Abstract:

Loading...

Geopolitical-Risk, Uncertainty, Real Options, Corporate-Social-Responsibility

27.

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
Roberto Ragozzino, Jeffrey J. Reuer and Lenos Trigeorgis
Nova 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

28.

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...

29.

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

30.

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

31.

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...

32.

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...