Yuri Tserlukevich

Department of Finance, BAC 567 | W.P. Carey School of Business, ASU | Tempe, AZ, 85287-3906

Email: yura@asu.edu | Office: (480) 965-7281

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Download SSRN papers

Education

• Ph.D. in Finance, University of California at Berkeley, 2006
• M.S. in Physics, University of Minnesota, 2001
• B.A. in Physics, Belarus State University, with Honors, 1999

Appointments

• Associate Professor, Finance Department, Arizona State University, Sep 2009 - Present
• Assistant Professor, Finance Department, HKUST, 2006 - 2009
• Visiting Scholar, UCLA Finance Department, Fall 2005; Visiting Professor at New Economic School and BEROC center, 2006 - 2009; Visiting Professor, Bocconi University and WU Vienna, Fall 2015 - Spring 2016; Visiting Professor, HKUST and Einaudi Institute for Economics and Finance, Spring 2023
• Member of Advisory Boards (unpaid positions) for Belarus National Bank and Ministry of Collections and Duties of Belarus, 2014 - 2019

Publications

1. ``Risk Hedging and Loan Covenants,'' with Ilona Babenko and Hendrik Bessembinder, Management Science, 2024. Download
2. ``Will I Get Paid? Employee Stock Options and Mergers and Acquisitions,'' with Ilona Babenko and FangFang Du, Journal of Financial and Quantitative Analysis, February 2021. Download
3. ``Is Market Timing Good for Shareholders?'' with Ilona Babenko and PengCheng Wan, Management Science, 2020. Download
4. ``Can Idiosyncratic Cash Flow Shocks Explain Asset Pricing Anomalies?'' with Ilona Babenko and Oliver Boguth, Journal of Finance, February 2016. Download
5. ``Repurchasing Debt,'' with Lei Mao, Management Science, July 2015. Download
6. ``The Credibility of Open Market Share Repurchase Signaling,'' with Ilona Babenko and Alexander Vedrashko, Journal of Financial and Quantitative Analysis, October 2012. Download
7. ``Employee Stock Options and Investment,'' with Ilona Babenko and Michael Lemmon, The Journal of Finance, June 2011. Download
8. ``Analyzing the Tax Benefits from Employee Stock Options,'' with Ilona Babenko, The Journal of Finance, August 2009. Download
9. ``Can Real Options Explain Financing Behavior?'' Journal of Financial Economics, August 2008. Download
10. ``Taxation, Agency Conflicts, and the Choice between Callable and Convertible Debt,'' with Christopher A. Hennessy, Journal of Economic Theory, November 2008. Download
11. ``Market Timing with Cay,'' with Sandro C. Andrade and Ilona Babenko, The Journal of Portfolio Management, Winter 2006. Download

Working Papers

1. ``Corporate Hedging, Contract Rights, and Basis Risk'' 2024, with Ilona Babenko. Invited to RFS. Download from SSRN
2. ``Investor Learning and Mutual Fund Performance,'' with George Aragon, Jonathan Keen, and Michael Wymbs, 2024. New Version Download from SSRN
3. ``Embracing Risk: Hedging Policy for Firms with Real Options,'' with Ilona Babenko, 2023. Download from SSRN
4. ``Dynamic Competition and Expected Returns,'' with Ilona Babenko and Oliver Boguth, 2023. Under Review. Download from SSRN
5. ``Short Sellers’ Trades and Corporate Hedging Disclosures,'' with Shuhao Ren, 2024.
6. ``Keeping the Inside Equity Stake: Employee Stock Option Grants,'' with Ilona Babenko, 2017.
7. ``Explanation for the Risk Premium before FOMC announcements,'' work in progress, 2019.
8. ``Acquisition of Human Capital,'' working paper, 2020.

Book Chapters and Policy Papers

1. In Financial Diet (in Russian), edited by Kirill Rudy, 2016.
2. ``Institutional Trust'' (in Russian), with Katerina Bornukova and Anna Aginskaya, 2017.
3. In Because I Decided So (in Russian), edited by Kirill Rudy, 2017.