Publications
“In God we trust; all others must bring data.” W. Edwards Deming.
For codes to replicate the research papers, please visit the research page.
Selected Publications
Babak Lotfaliei, 2021, "Asset Variance Risk Premium and Capital Structure", Journal of Financial and Quantitative Analysis (JFQA), Volume 56 , Issue 2 , March 2021 , pp. 647 - 691, Published online 2018 (DOI)
Files for replicating the paper (using MATLAB and Stata), Files size: 20 MB
The best paper award semi-finalist in Financial Management Association (FMA) 2015 meeting
Presented in: SDSU finance seminar, McGill University finance seminar, Mathematical finance days 2014, MidWest Finance Association (MFA) meeting 2015, Global Finance Conference 2016, European Systematic Risk Board working paper No. 70
---------------------------------------------------------------------------------------------------------------------------------------------
Babak Lotfaliei, 2018, "Zero Leverage and The Value in Waiting to Issue Debt*", Journal of Banking and Finance (JBF), Vol. 97, Pages 335-349, ISSN 0378-4266, DOI
Files for replicating the paper (using MATLAB), Files size: 0.3 MB
Link to journal with the supplemental files: https://doi.org/10.1016/j.jbankfin.2018.09.010
Outstanding Paper Award in Corporate Finance (Paul VanArsdell Award),
Best Paper Award at 11th Annual California Corporate Finance Conference 2016
Selected for PhD travel grant in MidWest Finance Association (MFA) meeting 2014,
The best paper award semi-finalist in Financial Management Association (FMA) 2014 meeting,
Presented in: UCSD Raddy School of Business seminar, SDSU Finance seminar, European Financial Management Association (EFMA) 2014, Northern Finance Association 2014 meeting, Mathematical finance days 2014, 8th National University of Singapore RMI conference (2014)
*:formerly titled "The value in waiting to issue debt"
---------------------------------------------------------------------------------------------------------------------------------------------------
Other Publications:
• Alibeiki, Hedayat, and Babak Lotfaliei, 2022, "To Expand And To Abandon: Real Options Under Asset Variance Risk Premium", accepted and forthcoming, European Journal of Operational Research (EJOR) (Files for replicating the paper using MATLAB), Volume 300, Issue 2, 16 July 2022, Pages 771-787
• Timothy Trombley, Babak Lotfaliei, and Saurin Patel, "Should Marathon Petroleum Split Up?", Ivey Publishing, publication date: 15 Oct 2020 (Link, Excel file supplement)
• Kim, Jaemin, and Babak Lotfaliei, "Debt Recapitalization and Value in Waiting to Finance a Project", Operations Research Letters (ORL), Volume 48, Issue 4, July 2020, Pages 421-427 (Link, replication codes)
• Brinks, Stephen, Kamal Haddad, Babak Lotfaliei, and Timothy Trombley, fall 2020, "A Synthesis of Capital Budgeting Techniques Around the World: 1990-2018", Quarterly Journal of Finance and Accounting (QJFA), Vol. 58 Issue 4, p105-130. 26p.
• Haddad, Kamal, and Babak Lotfaliei, 2019, "Trade-Off Theory And Zero Leverage", Finance Research Letters (FRL),Vol.31, Pages 165-170, (Link, Replication link)
• Lundberg, Clark, and Babak Lotfaliei, 2019, "Finite-Horizon Zero-Leverage Firms", Applied Economics Letters (RAEL), (Link, Online appendix link)
• Lotfaliei, Babak, 2018, "The Variance Risk Premium And Capital Structure", European Systematic Risk Board (ESRB), Working paper No. 70, March, Impact factor 2.08, (Link)