• Education Open or Close

    Ph D, University of Rochester, Finance, 2004.

    MS, University of Rochester, Applied Economics, 2002.

    MS, Tel Aviv University, Finance, 1999.

    BA, Ben Gurion University, Economics, 1996.

  • Current CoursesOpen or Close

    GSM FE722 F1 Financial Management

    SMG FE449 A1 Corporate Financial Management

    SMG FE449 C1 Corporate Financial Management

  • PublicationsOpen or Close

    Journal Articles:

      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., Grullon, G., & Zhdanov, A. (2012). Real Options, Volatility, and Stock Returns. Journal of Finance, 67(4), 1499-1537.

      Lyandres, E., Bernile, G., & Zhdanov, A. (2012). A Theory of Strategic Mergers. Review of Finance, 16(2), 517-575.

      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., & , D. (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), .

      Lyandres, E., & Palazzo, B. (Accepted). Cash Holdings, Competition, and Innovation. Journal of Financial and Quantitative Analysis, Seattle.

    Working Papers:

      Fu, F., Lyandres, E., & Li, X. Competition among Underwriters and IPO Pricing.

      Lyandres, E., & Larkin, Y. Inefficient Mergers.

      Cziraki, P., Lyandres, E., & Michaely, R. Insider Trading prior to Corporate Events.

      Lyandres, E., Marchica, M., Michaely, R., & Mura, R. Owners' Portfolio Diversification and Firm Investment: Theory and Evidence from Private and Public Firms.

      Lyandres, E., & Watanabe, M. Product Market Competition and Equity Returns.

      Lyandres, E., Zhdanov, A., & Matveyev, E. Real options, Misvaluation, and Expected Returns.

      Lyandres, E., Chod, J., & Song, A. Trade Credit and Competition.

  • General ServiceOpen or Close

    Service to the School:

      QST, Finance  Department, Research Mentor. (January 2015 - December 2015).
      Mentor to Dino Palazzo


  • Awards and HonorsOpen or Close

    Best Paper Award at the Northern Finance Association Meeting, Northern Finance Association, Research. (September 20, 2014).

    Best Paper Award at the European Winter Finance Summit, Research. (March 11, 2013).

    First prize for the best paper published in Financial Management in 2010-2012, Financial Management Association, Research. (October 10, 2012).

    Best Discussant Award, Caesarea Conference, Herzeliya, Israel, Research. (June 2009).

    Best discussant of a conference paper, out of 15 discussants


    Rice University Jones Graduate School of Management Research Excellence Award, Rice University, Research. (May 2008).

    Runner up for the best paper award at the European Finance Association meeting, European Finance Association, Research. (August 2005).
    for "New Issues Puzzle: Testing the Investment-Based Explanation"


  • Web LinksOpen or Close