
Ilya A Strebulaev
Associate Professor of Finance
Director of The Emerging CFO: Strategic Financial Leadership Program
Phone: (650) 725-8239
Email: [email protected]
Personal Homepage: https://faculty-gsb.stanford.edu/strebulaev/
Academic Areas: Finance
Professor Strebulaev's research is in the area of corporate finance, capital structure, credit risk, as well as financial auctions. Recent work has examined issues of dynamic capital structure, zero-leverage behavior, the effect of firm size on leverage, and empirical estimation of firms' financing decisions.
Bio
Ilya Strebulaev is an associate professor of Finance at the Graduate School of Business, Stanford University. He graduated from the London Business School with a doctorate in Finance in 2004. He also holds degrees from Lomonosov Moscow State University (BSc Math. Economics) and the New Economic School, Moscow (MA Economics).
His research focuses on corporate finance, capital structure, credit risk, and financial auctions. His most recent work has examined issues of dynamic capital structure, zero-leverage behavior, the effect of firm size on leverage, and empirical estimation of firms' financing decisions. His work includes papers published in the Journal of Finance, the Review of Financial Studies, and the Journal of Financial Economics. Ilya presented his work at the meetings of the American, Western, and European Finance Associations. Ilya has been awarded the First Paper Prize of the Brattle Award for the best corporate paper published in the Journal of Finance and the Trefftzs Award by the Western Finance Association.
Ilya teaches the MBA elective case-based corporate finance course and the PhD advanced corporate finance course. When not teaching or doing research, Ilya enjoys reading, collecting stamps and books, travelling, hiking, listening to classical music, and appreciating fine wine and art.
Academic Degrees
PhD (finance), London Business School, 2004; MA, New Economic School, 1999; BA, Lomonosov Moscow State Univ., 1997.
Professional Experience
At Stanford since 2004.
Selected Publications
- Structural Models of Credit Risk are Useful: Evidence from Hedge Ratios on Corporate Bonds: Journal of Financial Economics , forthcoming, 2007
- Do Tests of Capital Structure Theory Mean What They Say?: Journal of Finance, 2007
- Strategic Actions, Capital Structure, and Credit Spreads: An Empirical Investigation: Journal of Finance, forthcoming, 2007
- Multiple Unit Auctions and Short Squeezes: Review of Financial Studies 17, 2004
Working Papers
- The Levered Equity Risk Premium and Credit Spreads: A Unified Framework
- Cash Holdings and Credit Risk
- Firm Size and Capital Structure
- Risk in Capital Structure Arbitrage
- The Mystery of Zero-Leverage Firms
- Bidding and Performance in Repo Auctions: Evidence from ECB Open Market Operations
Awards and Honors
- Brattle Award for Best Paper, 2007, Journal of Finance
- Fletcher Jones Faculty Scholar, 2006, Stanford GSB
- The Trefftzs Award for the Best Student Paper, 2004, WFA
- Award for Best Paper, 2004, Dimitris B. Chorafas Foundation
- Kaplanis Fellowship, 2004, London Business School
- Citigroup Fellowship, 2002, London Business School
Courses Taught
- FINANCE 229: Sloan: Finance
- FINANCE 385: Angel and Venture Capital Financing and Decision Making
- FINANCE 626: Advanced Corporate Finance
- STRAMGT 552: Venture Capital: Financing and Valuation
Centers/Programs
Affiliations
- Member: American Economic Assn.
- Member: Western Finance Assn.
- Member: European Finance Assn.
- Member: American Finance Assn. (2001 - present)