Professor Lenos Trigeorgis' Outputs (4)

Is bailout insurance and tail risk priced in bank equities? (2021)
Journal Article
Del Viva, L., Kasanen, E., Saunders, A., & Trigeorgis, L. (2021). Is bailout insurance and tail risk priced in bank equities?. Journal of Financial Stability, 55, Article 100909. https://doi.org/10.1016/j.jfs.2021.100909

We present a pricing model of bank bailout insurance guarantees against tail risk and empirical evidence that provides a rational explanation why big bank equities “underperform” relative to small banks during normal times while they “overperform” du... Read More about Is bailout insurance and tail risk priced in bank equities?.

Asymmetric Returns and the Economic Content of Accruals and Investment (2021)
Journal Article
Del Viva, L., Kothari, S., Lambertides, N., & Trigeorgis, L. (2021). Asymmetric Returns and the Economic Content of Accruals and Investment. Management Science, 67(6), 3921-3942. https://doi.org/10.1287/mnsc.2020.3676

This study contributes to our understanding of what accruals capture and how they relate to the distribution of future returns. It examines the past and future growth components of accruals and shows that, whereas past growth is negatively associated... Read More about Asymmetric Returns and the Economic Content of Accruals and Investment.

Valuation of brand equity and retailer growth strategies using real options (2021)
Journal Article
Trigeorgis, L., Baldi, F., & Katsikeas, C. S. (2021). Valuation of brand equity and retailer growth strategies using real options. Journal of Retailing, 97(4), 523-544. https://doi.org/10.1016/j.jretai.2021.01.002

In marketing, significant attention has been devoted to the study of drivers and outcomes of strategic flexibility drawing on real options theory. However, research that quantifies the specific value of flexibility reflected in a bundle of strategic... Read More about Valuation of brand equity and retailer growth strategies using real options.

Outsourcing flexibility under financial constraints (2021)
Journal Article
Choi, J. J., Ju, M., Trigeorgis, L., & Zhang, X. T. (2021). Outsourcing flexibility under financial constraints. Journal of Corporate Finance, 67, Article 101890. https://doi.org/10.1016/j.jcorpfin.2021.101890

We posit that outsourcing flexibility helps overcome financial constraints and provide evidence concerning the role of financial constraints and its interaction with operational flexibility on the likelihood and market value of outsourcing. We find t... Read More about Outsourcing flexibility under financial constraints.