Evgeny Lyandres

Dean’s Research Scholar, Associate Professor Finance
    Education
  • PhD, University of Rochester, 2005
  • MS, University of Rochester, 2002
  • MS, Tel Aviv University, 1999
  • BA, Ben Gurion University, 1996
    Publications
  • Lyandres, E., Fu, F., Li, X. (In Press) "Do IPO Underwriters Collude in IPO Pricing?", Management Science
  • Lyandres, E., Chod, J., Yang , A. (In Press) "Trade Credit and Supplier Competition", Journal of Financial Economics
  • Lyandres, E., Palazzo, B. (2016) "Cash Holdings, Competition, and Innovation", Journal of Financial and Quantitative Analysis, 51 (6), 1823-1861
  • Lyandres, E., Zhdanov, A. (2014) "Convertible Debt and Investment Timing", Journal of Corporate Finance, 24 (1), 21-37
  • Lyandres, E., Zhdanov, A. (2013) "Investment Opportunities and Bankruptcy Prediction", Journal of Financial Markets, 3 (16), 439-476
  • Lyandres, E., Bernile, G., Zhdanov, A. (2012) "A Theory of Strategic Mergers", Review of Finance, 16 (2), 517-575
  • Lyandres, E., Grullon, G., Zhdanov, A. (2012) "Real Options, Volatility, and Stock Returns", Journal of Finance, 67 (4), 1499-1537
  • Lyandres, E., Hsieh, J., Zhdanov, A. (2011) "A Theory of Merger-Driven IPOs", Journal of Financial and Quantitative Analysis, 46 (5), 1367-1405
  • Lyandres, E., Bernile, G. (2011) "Understanding Investor Sentiment: The Case of Soccer", Financial Management, 40 (2), 357-380
  • Lyandres, E., Chod, J. (2011) "Strategic IPOs and Product Market Competition", Journal of Financial Economics, 100 (1), 45-67
  • Lyandres, E., Zhdanov, A. (2010) "Accelerated Investment Effect of Risky Debt", Journal of Banking and Finance, 34 (11), 2587-2599
  • Lyandres, E. (2010) "Target Leverage and the Cost of Issuing Seasoned Equity", Finance Research Letters, 7 (1), 39-52
  • Lyandres, E., Zhang, L., Sun, L. (2008) "The New Issues Puzzle: Testing the Investment-Based Explanation", Review of Financial Studies, 21 (6)
  • Lyandres, E., Bernile, G., (2007) "The Size of Venture Capital and Private Equity Fund Portfolios", Journal of Corporate Finance, 13 (4)
  • Lyandres, E. (2007) "Strategic Cost of Diversification", Review of Financial Studies, 20 (6)
  • Lyandres, E. (2007) "External Financing Costs, Investment Timing, and Investment-Cash Flow Sensitivity", Journal of Corporate Finance, 13 (5)
  • Lyandres, E. (2006) "Capital Structure and Interaction among Firms in Output Markets", Journal of Business, 79 (5)
  • Cziraki, P., Lyandres, E., Michaely, R."What do insiders know? Evidence from trading around share repurchases and SEOs",
  • Lyandres, E., Larkin, Y."Inefficient Mergers",
  • Lyandres, E., Bernile, G."Merger Synergies Along the Supply Chain",
  • Lyandres, E., Marchica, M., Michaely, R., Mura, R."Owners' Portfolio Diversification and Firm Investment: Theory and Evidence from Private and Public Firms",
  • Lyandres, E., Kogan, S."Estimating Strategic Interactions",
  • Lyandres, E., Watanabe, M."Product Market Competition and Equity Returns",
  • Lyandres, E., Zhdanov, A., Matveyev, E."Misvaluation of Investment Options",
    Research Presentations
  • Lyandres, E.Owners' Portfolio Diversification and Firm Investment: Theory and Evidence from Private and Public Firms, Moscow, Russia, 2017
  • Lyandres, E.Misvaluation of Investment Options, Halifax, NS, 2017
  • Lyandres, E.Trade Credit and Supplier Competition, Halifax, NS, 2017
  • Lyandres, E.Misvaluation of Investment Options, Mannheim, Germany, 2017
  • Lyandres, E.Search Frictions and M&A Outcomes, Mannheim, Germany, 2017
  • Lyandres, E.Misvaluation of Investment Options, Eugene, OR, 2017
  • Lyandres, E.Misvaluation of Investment Options, Hong Kong, 2017
  • Lyandres, E.Search Frictions and M&A Outcomes, Hong Kong, 2017
  • Lyandres, E.Misvaluation of Investment Options, Singapore, 2017
  • Lyandres, E.Misvaluation of Investment Options, Whistler, BC, 2017
  • Lyandres, E.Trade Credit and Supplier Competition, Nashville, TN, 2017
  • Lyandres, E.Misvaluation of Investment Options, Zurs, Austria, 2017
    Awards and Honors
  • 2017, Broderick Prize for excellence in research scholarship, Bosto University Questrom School of Business
  • 2014, Best Paper Award at the Northern Finance Association Meeting, Northern Finance Association
  • 2013, Best Paper Award at the European Winter Finance Summit
  • 2012, First prize for the best paper published in Financial Management in 2010-2012, Financial Management Association
  • 2009, Best Discussant Award, Caesarea Conference, Herzeliya, Israel
  • 2008, Rice University Jones Graduate School of Management Research Excellence Award, Rice University
  • 2005, Runner up for the best paper award at the European Finance Association meeting, European Finance Association