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Yuri Tserlukevich

Yuri Tserlukevich

Associate Professor

Office:BAC 567
Mailing Address:
Main Campus
PO BOX 873906
Tempe, AZ 85287-3906

Phone: 480-965-7281
Fax: 480-965-8539
Email: Yuri.Tserlukevich@asu.edu

View Vita

Personal Website


Ph.D. Finance, University of California at Berkeley, 2006
MS Physics, University of Minnesota, 2001
BA Physics, Belarus State University, with Honors, 1999

Research Areas
Real Options; Capital Structure, Optimal Investment Financing, and Security Design; and Optimal Compensation, Incentives, and Tax


Current Projects:
“Call Policy for Convertible Bonds and Signaling”


“Debt Covenants and the Firm's Commitment to Optimal Investment,” with Ilona Babenko and Kirak Kim
Career and Professional Awards; Teaching Awards
 Teaching Evaluation Average 90/100; Lehman Brothers Research Fellowship, 2005 Finalist; Hong Kong government grants, 2006, 2007, 2008; Dean Witter Fellowship, UC Berkeley; AFA Student Grant, 2004; FMA, 2004 Zurich Meeting, Best Paper Award; CRB Levi's Research Grant, 2004

Representative Publications 
“The Credibility of Open Market Share Repurchase Signaling,” with Ilona Babenko and Alexander Vedrashko, 2012, Journal of Financial and Quantitative Analysis, forthcoming

"Financing Real Investment with Employee Stock Options," with Ilona Babenko and Michael Lemmon, forthcoming in the Journal of Finance.

"Analyzing the Tax Benefits of Employee Stock Options," with Ilona Babenko, Journal of Finance, August 2009

"Taxation, Agency Conflicts, and the Choice Between Callable and Convertible Debt," with Christopher Hennessy, Journal of Economic Theory, 43 (1), November 2008, 374-404.

"Can Real Options Explain Financing Behavior?", Journal of Financial Economics, 89 (2), August 2008, 232-252.

ASU is a tier 1 research university and W. P. Carey is proud of its strong tradition of teaching and classroom excellence. Our students directly benefit from the research and theories our faculty brings into the classroom. Below is a list of courses being taught during the current semester by this faculty member. Click a course to view it in the ASU course catalog.

FIN 781 - Theory of Finance
Fundamental tools of financial economics; asset pricing, arbitrage, option pricing, capital structure, dividend policy, asymmetric information, and transaction-cost economics.

FIN 790 - Reading and Conference
Independent study in which a student meets regularly with a faculty member to discuss assignments. Course may include such assignments as intensive reading in a specialized area, writing a synthesis of literature on a specified topic, or writing a literature review of a topic.

FIN 791 - Seminar
A small class emphasizing discussion, presentations by students, and written research papers.

FIN 792 - Research
Independent study in which a student, under the supervision of a faculty member, conducts research that is expected to lead to a specific project such as a dissertation, report, or publication. Assignments might include data collection, experimental work, data analysis, or preparation of a manuscript.

FIN 799 - Dissertation
Supervised research focused on preparation of dissertation, including literature review, research, data collection and analysis, and writing.