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Evgeny Lyandres Assistant Professor of Finance |
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Boston University School of Management 595 Commonwealth Avenue Boston, MA 02215 Phone: (617) 358-2279 Fax: (617) 353-6667 Email: lyandres [at] bu [dot] edu |
ACADEMIC POSITIONS
Assistant Professor of Finance, School of Management, Boston University, July 2008 - present
Assistant Professor of Finance, Jones Graduate School of Management, Rice University, July 2004 – June 2008
PUBLICATIONS
1) Capital Structure and Interaction among Firms in Output Markets – Theory and Evidence
Journal of Business 79 (5), September 2006
2) The Size of Venture Capital and Private Equity Fund Portfolios (with Gennaro Bernile and Douglas Cumming)
Journal of Corporate Finance 13 (4), September 2007
3) Strategic Cost of Diversification
Review of Financial Studies 20 (6), November 2007
4) Costly External Financing, Investment Timing, and Investment-Cash Flow Sensitivity
Journal of Corporate Finance 13 (5), December 2007
5) The New Issues Puzzle: Testing the Investment-Based Explanation (with Le Sun and Lu Zhang)
Review of Financial Studies 21 (6), November 2008
6) Target Leverage and the Costs of Issuing Seasoned Equity
Finance Research Letters 7 (1), February 2010
7) Accelerated Investment Effect of Risky Debt (with Alexei Zhdanov)
Journal of Banking and Finance 34 (11), November 2010
8) Strategic IPOs and Product Market Competition (with Jiri Chod)
Journal of Financial Economics 100 (1), April 2011
9) Understanding Investor Sentiment: The Case of Soccer (with Gennaro Bernile)
Financial Management 40 (2), July 2011
10) A Theory of Merger-Driven IPOs (with Alexei Zhdanov and Jim Hsieh)
Journal of Financial and Quantitative Analysis, forthcoming
11) A Theory of Strategic Mergers (with Gennaro Bernile and Alexei Zhdanov)
Review of Finance, forthcoming
12) Real Options, Volatility, and Stock Returns (with Gustavo Grullon and Alexei Zhdanov)
Journal of Finance, forthcoming
13) Convertible Debt and Investment Timing (with Alexei Zhdanov)
14) Investment Opportunities and Bankruptcy Prediction (with Alexei Zhdanov)
15) Product Market Competition and Equity Returns (with Masa Watanabe)
16) Merger Synergies along the Supply chain (with Gennaro Bernile)
17) R&D Competition and Cash Holdings: Theory and Evidence (with Dino Palazzo)
coming soon
WORK IN PROGRESS
18) Insider Trading Prior to Open Market Repurchases and SEOs (with Gennaro Bernile and Roni Michaely)
19)
Operating Underperformance Following Issues: Rational Expalation
and Relation to Long-run Stock Performance (with Sabatino Silveri)
20) A Theory of Primary and Secondary Issues (with Jiri Chod)
21) Investor Characteristics and Product Market Competition (with Ambrus Kecskes)
22) Competition among Underwriters and IPO Pricing (with Fangjian Fu and Erica Li)
19)
PERMANENT WORKING PAPERS
23) Analysis of Pricing Schemes in the Cellular Telephone Industry
Revision requested from Information Economics and Policy
TEACHING

Corporate Financial Management (Undergraduate, School of Management, Boston University), Spring 2009, Fall 2009. Syllabus:
Corporate Finance (MBA, Rice University), Fall 2004, Fall 2005, Spring 2007, Spring 2008. Syllabus:
