Finance People | All Faculty

Alexei Tchistyi

Associate Professor of Finance



All Publications


Articles in Journals


Tchistyi, A., Mayer, C., Piskorski, T. 2013. The Inefficiency of Refinancing: Why Prepayment Penalties are Good for Risky Borrowers. Journal of Financial Economics

Tchistyi, A., Piskorski, T., Hartman-Glaser, B. 2012. Optimal Securitization with Moral Hazard. Journal of Financial Economics

Tchistyi, A., Piskorski, T. 2011. Stochastic House Appreciation and Optimal Mortgage Lending. Review of Financial Studies

Tchistyi, A., Yermack, D., Yun, H. 2011. Negative Hedging: Performance Sensitive Debt and CEOs’ Equity Incentives. Journal of Financial and Quantitative Analysis

Tchistyi, A., Manso, G., Strulovici, B. 2010. Performance-Sensitive Debt. Review of Financial Studies

Tchistyi, A., Piskorski, T. 2010. Optimal Mortgage Design. Review of Financial Studies

Tchistyi, A. 2009. Comments on "Subprime Mortgages, Foreclosures, and Urban Neighborhoods". B.E. Journal of Economic Analysis and Policy

Tchistyi, A. 2009. Comments on "The Mortgage Market Meltdown and House Prices". B.E. Journal of Economic Analysis and Policy

Working Papers


Tchistyi, A. 2016. An Equilibrium Model of Housing and Mortgage Markets

Tchistyi, A., Pennacchi, G. 2016. A Reexamination of Contingent Convertibles with Stock Price Triggers SSRN Abstract

Tchistyi, A., Albul, B., Jaffee, D. 2016. Contingent Convertible Bonds and Capital Structure Decisions SSRN Abstract

Tchistyi, A., DeMarzo, P. 2015. Risking Other People's Money: Gambling, Limited Liability, and Optimal Incentives SSRN Abstract

Tchistyi, A. 2014. Security Design with Correlated Hidden Cash Flows: The Optimality of Performance Pricing SSRN Abstract