Alexei Tchistyi

University of Illinois at Urbana-Champaign - Department of Finance

1206 South Sixth Street

Champaign, IL 61820

United States

SCHOLARLY PAPERS

13

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6,069

SSRN CITATIONS
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SSRN RANKINGS

Top 3,203

in Total Papers Citations

128

CROSSREF CITATIONS

275

Scholarly Papers (13)

1.
Downloads 1,078 ( 22,893)
Citation 79

Optimal Mortgage Design

Number of pages: 52 Posted: 21 Mar 2007 Last Revised: 20 Aug 2011
Tomasz Piskorski and Alexei Tchistyi
Columbia Business School - Finance and Economics and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 835 (32,458)
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 Business School - Finance and Economics and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 243 (144,678)
Citation 14

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

2.

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 University of Illinois at Urbana-Champaign - Department of Finance
Downloads 918 (28,854)
Citation 67

Abstract:

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contingent convertible bonds, CoCos

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 Business School - Finance and Economics and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 889 (30,217)
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 Business School - Finance and Economics and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 724 (40,052)
Citation 18

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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 Business School - Finance and Economics, Columbia Business School - Finance and Economics and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 582 (52,839)

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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
Christopher J. Mayer, Tomasz Piskorski and Alexei Tchistyi
Columbia Business School - Finance and Economics, Columbia Business School - Finance and Economics and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 50 (449,613)
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
University of Illinois at Urbana-Champaign - Department of Finance, New York University (NYU) - Stern School of Business and Michigan State University - Department of Finance
Downloads 289 (120,829)
Citation 3

Abstract:

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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
University of Illinois at Urbana-Champaign - Department of Finance, New York University (NYU) - Stern School of Business and Michigan State University - Department of Finance
Downloads 180 (192,061)
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 University of Illinois at Urbana-Champaign - Department of Finance
Downloads 362 (94,884)
Citation 28

Abstract:

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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 University of Illinois at Urbana-Champaign - Department of Finance
Downloads 315 (110,893)
Citation 15

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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: 60 Posted: 25 Jan 2017 Last Revised: 06 Nov 2017
Tomasz Piskorski and Alexei Tchistyi
Columbia Business School - Finance and Economics and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 214 (163,575)

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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
Tomasz Piskorski and Alexei Tchistyi
Columbia Business School - Finance and Economics and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 5 (729,531)
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
University of Illinois at Urbana-Champaign - Department of Finance
Downloads 208 (168,450)
Citation 38

Abstract:

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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 University of Illinois at Urbana-Champaign - Department of Finance
Downloads 128 (254,213)
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
Tulane University, University of North Carolina (UNC) at Chapel Hill - Finance Area and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 81 (345,657)
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 University of Illinois at Urbana-Champaign - Department of Finance
Downloads 46 (457,590)
Citation 3

Abstract:

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contingent convertibles