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'''Ilya A. Strebulaev''' is a Russian-American financial economist. He is the David S. Lobel Professor of Private Equity and Professor of Finance at the [[Stanford University]] [[Stanford Graduate School of Business|Graduate School of Business]], where he has been on the faculty since 2004. He is also a research associate at the [[National Bureau of Economic Research]].
'''Ilya A. Strebulaev''' is a Russian-American financial economist. He is the David S. Lobel Professor of Private Equity and Professor of Finance at the [[Stanford University]] [[Stanford Graduate School of Business|Graduate School of Business]], where he has been on the faculty since 2004. He is also a research associate at the [[National Bureau of Economic Research]].


His research has focused on dynamic corporate finance. Recently, he has been working on issues related to venture capital and financing innovation.<ref>Gompers, Paul A. and Gornall, Will and Kaplan, Steven N. and Strebulaev, Ilya A., [https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2801385 How Do Venture Capitalists Make Decisions]? (August 1, 2016). Stanford University Graduate School of Business Research Paper No. 16-33; European Corporate Governance Institute (ECGI) - Finance Working Paper No. 477/2016. Available at SSRN: https://ssrn.com/abstract=2801385. Retrieved 2-16-2018</ref> In his research on valuation of [[Unicorn (finance)|unicorns]] (highly valued venture capital backed companies), Strebulaev finds that unicorns are overvalued by more than 50%.<ref>Gornall, Will and Strebulaev, Ilya A., Squaring Venture Capital Valuations with Reality (September 20, 2017). Stanford University Graduate School of Business Research Paper No. 17-29. Available at SSRN: https://ssrn.com/abstract=2955455. Retrieved 2-16-2018</ref><ref>Sorkin, Andrew (2017-10-17), "How Valuable is a Unicorn? Maybe Not as Much as it Claims to Be". New York Times. Retrieved 2-16-2018</ref>
Strebulaev's research has focused on dynamic corporate finance. Recently, he has been working on issues related to venture capital and financing innovation.<ref>Gompers, Paul A. and Gornall, Will and Kaplan, Steven N. and Strebulaev, Ilya A., [https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2801385 How Do Venture Capitalists Make Decisions]? (August 1, 2016). Stanford University Graduate School of Business Research Paper No. 16-33; European Corporate Governance Institute (ECGI) - Finance Working Paper No. 477/2016. Available at SSRN: https://ssrn.com/abstract=2801385. Retrieved 2-16-2018</ref> In his research on valuation of [[Unicorn (finance)|unicorns]] (highly valued venture capital backed companies), Strebulaev finds that unicorns are overvalued by more than 50%.<ref>Gornall, Will and Strebulaev, Ilya A., Squaring Venture Capital Valuations with Reality (September 20, 2017). Stanford University Graduate School of Business Research Paper No. 17-29. Available at SSRN: https://ssrn.com/abstract=2955455. Retrieved 2-16-2018</ref><ref>Sorkin, Andrew (2017-10-17), "How Valuable is a Unicorn? Maybe Not as Much as it Claims to Be". New York Times. Retrieved 2-16-2018</ref>


In 2007 he won the [[Brattle Prize|Brattle Award]] first paper prize (Journal of Finance) for his paper "Do Capital Structure Tests Mean What They Say?".<ref>Strebulaev, Ilya A., "Do Tests of Capital Structure Theory Mean What They Say?'' 2007, Journal of Finance 62, 4, 1747—1788. [https://papers.ssrn.com/sol3/papers.cfm?abstract_id=556697 SSRN version]. Retrieved 2-18-2018.</ref> In 2011 he won the [[Fama-DFA Prize|Fama-DFA best paper prize]] (Journal of Financial Economics) for his paper "Corporate Bond Default Risk: A 150-Year Perspective.<ref>Giesecke, Kay, Francis A. Longstaff, Stephen M. Schaefer, and Ilya A. Strebulaev, "Corporate Bond Default Risk: A 150-Year Perspective,'' 2011, Journal of Financial Economics 102, 233—250. [https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1578685 SSRN version]. Retrieved 2-18-2018.</ref>"
In 2007 Strebulaev won the [[Brattle Prize|Brattle Award]] first paper prize (Journal of Finance) for his paper "Do Capital Structure Tests Mean What They Say?".<ref>Strebulaev, Ilya A., "Do Tests of Capital Structure Theory Mean What They Say?'' 2007, Journal of Finance 62, 4, 1747—1788. [https://papers.ssrn.com/sol3/papers.cfm?abstract_id=556697 SSRN version]. Retrieved 2-18-2018.</ref> In 2011 he won the [[Fama-DFA Prize|Fama-DFA best paper prize]] (Journal of Financial Economics) for his paper "Corporate Bond Default Risk: A 150-Year Perspective.<ref>Giesecke, Kay, Francis A. Longstaff, Stephen M. Schaefer, and Ilya A. Strebulaev, "Corporate Bond Default Risk: A 150-Year Perspective,'' 2011, Journal of Financial Economics 102, 233—250. [https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1578685 SSRN version]. Retrieved 2-18-2018.</ref>"


Strebulaev earned his Ph.D. in Finance at the [[London Business School]] in 2004.
Strebulaev earned his Ph.D. in Finance at the [[London Business School]] in 2004.

Revision as of 06:27, 23 June 2020

Ilya A. Strebulaev is a Russian-American financial economist. He is the David S. Lobel Professor of Private Equity and Professor of Finance at the Stanford University Graduate School of Business, where he has been on the faculty since 2004. He is also a research associate at the National Bureau of Economic Research.

Strebulaev's research has focused on dynamic corporate finance. Recently, he has been working on issues related to venture capital and financing innovation.[1] In his research on valuation of unicorns (highly valued venture capital backed companies), Strebulaev finds that unicorns are overvalued by more than 50%.[2][3]

In 2007 Strebulaev won the Brattle Award first paper prize (Journal of Finance) for his paper "Do Capital Structure Tests Mean What They Say?".[4] In 2011 he won the Fama-DFA best paper prize (Journal of Financial Economics) for his paper "Corporate Bond Default Risk: A 150-Year Perspective.[5]"

Strebulaev earned his Ph.D. in Finance at the London Business School in 2004.

References

  1. ^ Gompers, Paul A. and Gornall, Will and Kaplan, Steven N. and Strebulaev, Ilya A., How Do Venture Capitalists Make Decisions? (August 1, 2016). Stanford University Graduate School of Business Research Paper No. 16-33; European Corporate Governance Institute (ECGI) - Finance Working Paper No. 477/2016. Available at SSRN: https://ssrn.com/abstract=2801385. Retrieved 2-16-2018
  2. ^ Gornall, Will and Strebulaev, Ilya A., Squaring Venture Capital Valuations with Reality (September 20, 2017). Stanford University Graduate School of Business Research Paper No. 17-29. Available at SSRN: https://ssrn.com/abstract=2955455. Retrieved 2-16-2018
  3. ^ Sorkin, Andrew (2017-10-17), "How Valuable is a Unicorn? Maybe Not as Much as it Claims to Be". New York Times. Retrieved 2-16-2018
  4. ^ Strebulaev, Ilya A., "Do Tests of Capital Structure Theory Mean What They Say? 2007, Journal of Finance 62, 4, 1747—1788. SSRN version. Retrieved 2-18-2018.
  5. ^ Giesecke, Kay, Francis A. Longstaff, Stephen M. Schaefer, and Ilya A. Strebulaev, "Corporate Bond Default Risk: A 150-Year Perspective, 2011, Journal of Financial Economics 102, 233—250. SSRN version. Retrieved 2-18-2018.