Yuri tserlukevich
Department of Finance
W. P. Carey School of Business
Arizona State University
Employment and Education
Previous Employment
Associate Professor, Finance Department, Arizona State University, Sep 2009- present.
Assistant Professor, Finance Department, HKUST (Hong Kong University of Science and Technology), 2006 - 2009.
Visiting Scholar, UCLA Finance Department (Fall 2005), Visiting professor at New Economic School and BEROC center (2006-), Visiting Professor, Bocconi University (Fall 2015-Spring 2016)
Education
Ph.D. Finance, University of California at Berkeley, 2006
MS Physics, University of Minnesota, 2001
BA Physics, Belarus State University, with Honors, 1999
Publications
Publications and Working Papers
Publications
“Will I Get Paid? Employee Stock Options and Mergers and Acquisitions,” with Ilona Babenko and FangFang Du, accepted to the Journal of Financial and Quantitative Analysis, 2020.
“Is Market Timing Good for Shareholders?” with Ilona Babenko and PengCheng Wan. Forthcoming in Management Science, 2020. (published on-line Feb 5, 2020)
“Can Idiosyncratic Cash Flow Shocks Explain Asset Pricing Anomalies?” with Ilona Babenko and Oliver Boguth, Journal of Finance VOL. LXXI, NO. 1 • February 2016
“Repurchasing Debt,” with Lei Mao, Management Science, Vol. 61, No. 7, pp. 1648–1662, July 2015
“The Credibility of Open Market Share Repurchase Signaling,” with Ilona Babenko and Alexander Vedrashko, Journal of Financial and Quantitative Analysis, Volume 47, Issue 05, October 2012
“Employee Stock Options and Investment,” with Ilona Babenko and Michael Lemmon, The Journal of Finance, Vol. 66, No. 3, pages 981-1009, June 2011
“Analyzing the Tax Benefits from Employee Stock Options,” with Ilona Babenko, The Journal of Finance, Vol. 64, No. 4, pages 1797-1825, August 2009
“Can Real Options Explain Financing Behavior?” Journal of Financial Economics, Volume 89, Issue 2, pages 232-252, August 2008
“Taxation, Agency Conflicts, and the Choice between Callable and Convertible Debt,” with Christopher A. Hennessy, Journal of Economic Theory, Volume 143, Issue 1, pages 374-404, November 2008
“Market Timing with Cay,” with Sandro C. Andrade and Ilona Babenko, The Journal of Portfolio Management 32 (2), pages 70-80, Winter 2006
Working Papers
“Embracing Risk: Hedging Policy for Firms with Real Options,” 2019, with Ilona Babenko, UBC Winter Conference, AFA, FIRS, Under review.
“Dynamic Competition and Expected Returns,” with Ilona Babenko and Oliver Boguth, 2020, presented at Gerzensee, University of W, Summer Finance Conference, Connecticut Finance Conference, and NFA.
“Debt Financing and Risk Management,” with Ilona Babenko and Hendrik Bessembinder, 2020 working paper, presented at IDC, SEC, ANU conference.
“Keeping the Inside Equity Stake: Employee Stock Option Grants,” with Ilona Babenko, 2017
“Explanation for the Risk Premium before FOMC announcements,” work in progress, 2019
“Acquisition of Human Capital,” working paper, 2020, e-mail for the copy.
“Risk Hedging and Loan Covenants,” with Ilona Babenko and Hendrik Bessembinder, 2023 working paper, presented at IDC, SEC, ANU conference. Conditionally accepted in Management Science.
2. “Will I Get Paid? Employee Stock Options and Mergers and Acquisitions,” with Ilona Babenko and FangFang Du, Journal of Financial and Quantitative Analysis, Volume 56 , Issue 1 , February 2021 , pp. 29 – 64.
“Is Market Timing Good for Shareholders?” with Ilona Babenko and PengCheng Wan. Management Science, INFORMS, 2020, vol. 66(8), pages 3542-3560, August.
“Can Idiosyncratic Cash Flow Shocks Explain Asset Pricing Anomalies?” with Ilona Babenko and Oliver Boguth, Journal of Finance VOL. LXXI, NO. 1 • February 2016
“Repurchasing Debt,” with Lei Mao, Management Science, Vol. 61, No. 7, pp. 1648–1662, July 2015
“The Credibility of Open Market Share Repurchase Signaling,” with Ilona Babenko and Alexander Vedrashko, Journal of Financial and Quantitative Analysis, Volume 47, Issue 05, October 2012
“Employee Stock Options and Investment,” with Ilona Babenko and Michael Lemmon, The Journal of Finance, Vol. 66, No. 3, pages 981-1009, June 2011
“Analyzing the Tax Benefits from Employee Stock Options,” with Ilona Babenko, The Journal of Finance, Vol. 64, No. 4, pages 1797-1825, August 2009
“Can Real Options Explain Financing Behavior?” Journal of Financial Economics, Volume 89, Issue 2, pages 232-252, August 2008
“Taxation, Agency Conflicts, and the Choice between Callable and Convertible Debt,” with Christopher A. Hennessy, Journal of Economic Theory, Volume 143, Issue 1, pages 374-404, November 2008
“Market Timing with Cay,” with Sandro C. Andrade and Ilona Babenko, The Journal of Portfolio Management 32 (2), pages 70-80, Winter 2006