Alexei Tchistyi

Cornell SC Johnson College of Business

Ithaca, NY 14850

United States

SCHOLARLY PAPERS

16

DOWNLOADS

6,601

SSRN CITATIONS

138

CROSSREF CITATIONS

279

Scholarly Papers (16)

1.

Contingent Convertible Bonds and Capital Structure Decisions

Number of pages: 45 Posted: 01 May 2016
Boris Albul, Dwight M. Jaffee and Alexei Tchistyi
University of California, Berkeley - Haas School of Business, University of California, Berkeley - Finance Group and Cornell SC Johnson College of Business
Downloads 1,105 (27,955)
Citation 67

Abstract:

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contingent convertible bonds, CoCos

2.
Downloads 1,099 ( 28,164)
Citation 79

Optimal Mortgage Design

Number of pages: 52 Posted: 21 Mar 2007 Last Revised: 20 Aug 2011
Tomasz Piskorski and Alexei Tchistyi
Columbia University - Columbia Business School, Finance and Cornell SC Johnson College of Business
Downloads 855 (39,566)
Citation 10

Abstract:

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optimal mortgage design, dynamic security design, alternative mortgage products, option ARM

Optimal Mortgage Design

NYU Working Paper No. FIN-07-056
Number of pages: 52 Posted: 13 Nov 2008 Last Revised: 20 Aug 2011
Tomasz Piskorski and Alexei Tchistyi
Columbia University - Columbia Business School, Finance and Cornell SC Johnson College of Business
Downloads 244 (175,009)
Citation 15

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optimal mortgage design, dynamic security design, alternative mortgage products, option ARM

3.

Optimal Securitization with Moral Hazard

Number of pages: 46 Posted: 01 Apr 2009 Last Revised: 20 Aug 2011
University of California, Los Angeles (UCLA) - Anderson School of Management, Columbia University - Columbia Business School, Finance and Cornell SC Johnson College of Business
Downloads 914 (36,575)
Citation 24

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Security design, mortgage backed securities

4.

Stochastic House Appreciation and Optimal Mortgage Lending

AFA 2009 San Francisco Meetings Paper
Number of pages: 59 Posted: 25 Mar 2008 Last Revised: 20 Aug 2011
Tomasz Piskorski and Alexei Tchistyi
Columbia University - Columbia Business School, Finance and Cornell SC Johnson College of Business
Downloads 731 (49,477)
Citation 21

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subprime mortgages, house appreciation, optimal contract, mortgage modifcation

The Inefficiency of Refinancing: Why Prepayment Penalties are Good for Risky Borrowers

Number of pages: 58 Posted: 25 Mar 2008 Last Revised: 06 Sep 2012
Christopher J. Mayer, Tomasz Piskorski and Alexei Tchistyi
Columbia University - Columbia Business School, Finance, Columbia University - Columbia Business School, Finance and Cornell SC Johnson College of Business
Downloads 584 (65,361)

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Inefficiency of refinancing, prepayment penalties, risky borrowers, mortgages

The Inefficiency of Refinancing: Why Prepayment Penalties are Good for Risky Borrowers

NBER Working Paper No. w16586
Number of pages: 54 Posted: 06 Dec 2010 Last Revised: 28 Apr 2022
Christopher J. Mayer, Tomasz Piskorski and Alexei Tchistyi
Columbia University - Columbia Business School, Finance, Columbia University - Columbia Business School, Finance and Cornell SC Johnson College of Business
Downloads 53 (520,368)
Citation 4

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Negative Hedging: Performance Sensitive Debt and CEOs' Equity Incentives

Number of pages: 43 Posted: 21 Aug 2007 Last Revised: 11 Dec 2007
Alexei Tchistyi, David Yermack and Hayong Yun
Cornell SC Johnson College of Business, New York University (NYU) - Stern School of Business and Michigan State University - Department of Finance
Downloads 296 (143,937)
Citation 4

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Performance sensitive debt; equity compensation

Negative Hedging: Performance Sensitive Debt and CEOs' Equity Incentives

NYU Working Paper No. FIN-07-043
Number of pages: 54 Posted: 13 Nov 2008 Last Revised: 23 Sep 2009
Alexei Tchistyi, David Yermack and Hayong Yun
Cornell SC Johnson College of Business, New York University (NYU) - Stern School of Business and Michigan State University - Department of Finance
Downloads 186 (225,617)
Citation 5

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Performance sensitive debt, equity compensation

7.

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 397 (105,145)
Citation 27

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8.

Performance-Sensitive Debt

Number of pages: 48 Posted: 26 Apr 2005 Last Revised: 29 Apr 2016
Gustavo Manso, Bruno H. Strulovici and Alexei Tchistyi
University of California, Berkeley - Haas School of Business, Northwestern University and Cornell SC Johnson College of Business
Downloads 327 (130,403)
Citation 16

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Capital Structure, Financial Innovation, Step-up bonds, Performance-Pricing Loans, Default, Efficiency, Screening

An Equilibrium Model of Housing and Mortgage Markets with State-Contingent Lending Contracts

Columbia Business School Research Paper No. 17-18
Number of pages: 72 Posted: 25 Jan 2017 Last Revised: 10 Jan 2022
Tomasz Piskorski and Alexei Tchistyi
Columbia University - Columbia Business School, Finance and Cornell SC Johnson College of Business
Downloads 237 (180,043)

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State-contingent lending contracts, mortgage design, home equity insurance, asymmetric information, housing market, general equilibrium

An Equilibrium Model of Housing and Mortgage Markets with State-Contingent Lending Contracts

NBER Working Paper No. w23452
Number of pages: 56 Posted: 30 May 2017 Last Revised: 30 Jan 2022
Tomasz Piskorski and Alexei Tchistyi
Columbia University - Columbia Business School, Finance and Cornell SC Johnson College of Business
Downloads 5 (875,163)
Citation 1

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10.

Security Design with Correlated Hidden Cash Flows: The Optimality of Performance Pricing

Number of pages: 43 Posted: 20 Jan 2006 Last Revised: 30 Apr 2016
Alexei Tchistyi
Cornell SC Johnson College of Business
Downloads 233 (183,435)
Citation 39

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Security design, Performance pricing, Agency problem

11.

A Reexamination of Contingent Convertibles with Stock Price Triggers

Number of pages: 46 Posted: 02 May 2016
George Pennacchi and Alexei Tchistyi
University of Illinois and Cornell SC Johnson College of Business
Downloads 139 (287,003)
Citation 10

Abstract:

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CoCos, equilibrium

12.

Informational Efficiency in Securitization After Dodd-Frank

Sixth Annual Conference on Financial Market Regulation (2018)
Number of pages: 57 Posted: 05 Nov 2018 Last Revised: 23 May 2019
Sean Flynn, Andra C. Ghent and Alexei Tchistyi
Cornell SC Johnson College of Business, University of Utah - David Eccles School of Business and Cornell SC Johnson College of Business
Downloads 114 (332,039)
Citation 2

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Dodd-Frank Act, Asymmetric Information, Signaling Equilibrium, ABS.

13.

On Equilibrium When Contingent Capital Has a Market Trigger: A Correction to Sundaresan and Wang Journal of Finance (2015)

Journal of Finance, Forthcoming
Number of pages: 30 Posted: 16 Jul 2018
George Pennacchi and Alexei Tchistyi
University of Illinois and Cornell SC Johnson College of Business
Downloads 69 (450,863)
Citation 3

Abstract:

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contingent convertibles

14.

Did PPP Loans Distort Business Competition? Evidence from the Hotel Industry

Number of pages: 57 Posted: 18 Nov 2021 Last Revised: 15 Jun 2022
Eva Steiner and Alexei Tchistyi
Penn State Smeal College of Business and Cornell SC Johnson College of Business
Downloads 67 (457,774)

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PPP loans, Covid-19, Subsidies, Monopolistic competition

15.

Put Credit Rating Agency's Money Where Its Mouth Is

Number of pages: 42 Posted: 27 Dec 2021 Last Revised: 13 Jan 2022
Ping Liu and Alexei Tchistyi
Krannert School of Management, Purdue University and Cornell SC Johnson College of Business
Downloads 41 (567,807)

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Credit Rating, Information Acquisition, Moral Hazard, Optimal Contracting

16.

The Imitation Game: How Encouraging Renegotiation Makes Good Borrowers Bad

Number of pages: 54 Posted: 28 Jul 2022
Sean Flynn, Andra C. Ghent and Alexei Tchistyi
Cornell SC Johnson College of Business, University of Utah - David Eccles School of Business and Cornell SC Johnson College of Business
Downloads 4 (852,743)

Abstract:

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principal forgiveness, CMBS, asymmetric information, loan renegotiation