Alexei Tchistyi

University of Illinois at Urbana-Champaign - Department of Finance

1206 South Sixth Street

Champaign, IL 61820

United States

SCHOLARLY PAPERS

13

DOWNLOADS
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Top 8,103

in Total Papers Downloads

5,790

SSRN CITATIONS
Rank 3,203

SSRN RANKINGS

Top 3,203

in Total Papers Citations

73

CROSSREF CITATIONS

273

Scholarly Papers (13)

1.
Downloads 1,060 ( 20,692)
Citation 70

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 820 (29,543)
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 240 (132,034)
Citation 5

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

2.

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 882 (27,083)
Citation 15

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Security design, mortgage backed securities

3.

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 772 (32,622)
Citation 61

Abstract:

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contingent convertible bonds, CoCos

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 720 (35,912)
Citation 14

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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 576 (47,730)

Abstract:

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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 49 (413,422)
Citation 2

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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 286 (109,875)
Citation 2

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 177 (176,325)
Citation 3

Abstract:

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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 343 (90,549)
Citation 24

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 310 (101,254)
Citation 11

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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 194 (162,222)

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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 (667,101)

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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 192 (163,871)
Citation 37

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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 122 (239,030)
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
Colorado State University - Department of Finance and Real Estate, University of North Carolina (UNC) at Chapel Hill - Finance Area and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 64 (358,255)

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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 38 (448,859)
Citation 1

Abstract:

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contingent convertibles