Research

Link to SSRN

 Working Papers:

“Investing in Human Capital: The Efficiency of Covenants Not To Compete” (with Eric Posner and George Triantis).
“Valuing Corporate Financing Strategies” (with Andrea Gamba).

 “Corporate Risk Management: Integrating Liquidity, Hedging, and Operating Policies” (with Andrea Gamba).

 “Does Angel Participation Matter? An Analysis of Early Venture Financing” (with Brent Goldfarb, Jerry Hoberg, David Kirsch)

 

Articles:

Gamba, A. and A.J. Triantis, “The Value of Financial Flexibility” Journal of Finance, Vol. 63, No. 5 (October 2008), 2263-2296.

Leuz, C., A.J. Triantis, and Y. Wang, “Why Do Firms Go Dark? Causes and Economic Consequences of Voluntary SEC Deregistrations,” Journal of Accounting and Economics, Vol. 45, No. 2 (August 2008), pp. 181-208.

Triantis, A.J., “Realizing the Potential of Real Options: Does Theory Meet Practice?” : Journal of Applied Corporate Finance, Vol. 17 (2), Spring 2005, 8-16.    (Lead Article; JACF Award for highest number of downloads of a JACF article.)

Billington, C., Johnson, B. and Triantis, A.J, “A Real Options Perspective on Supply Chain Management in High Technology,” Journal of Applied Corporate Finance, Vol. 15 (2), Winter 2003, 32-43.

Triantis, A.J. and A. Borison, “Real Options: State of the Practice,” Journal of Applied Corporate Finance, Vol. 14 (2), Summer 2001, 8-24. (Lead Article) This article is reprinted in The Revolution in Corporate Finance, 4th edition, ed. J. Stern and   D. Chew (Maiden, MA: Blackwell Publishing), 2003, pp. 106-124. It was also abstracted/reprinted in The CFA Digest, Vol. 32, No. 2, May 2002.

Triantis, A.J., "Corporate Risk Management: Real Options and Financial Hedging” Journal of Applied Corporate Finance, Vol. 13 (2), Summer 2000, 64-73. This article is reprinted in Corporate Risk: Strategies and Management, ed. G. Brown and D. Chew (London: Risk Books), 2000, 105-115. A modified/updated version of this article is published as “Corporate Risk Management: Real Options and Financial Hedging”, in Risk Management, 2nd edition, ed. M. Frenkel, U. Hommel, and M. Rudolf (Berlin: Springer-Verlag), 2005 (pp. 591-608).
Childs, P. and A. J. Triantis, “Dynamic R&D Investment Policies” Management Science, Vol. 45, No. 10, October 1999, 1359-1377.

Childs, P., S. Ott, and A.J.Triantis, “Capital Budgeting for Interrelated Projects: A Real Options Approach” Journal of Financial and Quantitative Analysis, Vol. 33, No. 3, September 1998, 305-334. (Lead Article) This article is reprinted in Real Options and Investment Under Uncertainty: Classical Readings and Recent Contributions, ed. E. Schwartz and L. Trigeorgis (MIT Press), 2001, 419-450, and was the lead abstract in the Contemporary Finance Digest, Vol. 3(1), 2000.

Triantis, A. J. and G. G. Triantis, “Timing Problems in Contract Breach Decisions” Journal of Law and Economics, Vol. 41, No. 1, April 1998, 163-207.

Childs, P., T. Riddiough, and A. J. Triantis, “Mixed-Uses and the Redevelopment Option” Real Estate Economics (formerly, Journal of the American Real Estate and Urban Economics Association) Vol. 24, No. 3, 1996, 317-339.

De, S., M. Fedenia, and A. J. Triantis, “Effects of Competition on Bidder Returns” Journal of Corporate Finance, Vol. 2, No. 3, 1996, 227-259.

Mello, A. S., J. E. Parsons and A. J. Triantis, “An Integrated Model of Multinational Flexibility and Financial Hedging,” Journal of International Economics, Vol. 39, No. 1/2 (1995), 27-52.

Triantis, A. J. and G. G. Triantis, “Conversion Rights and the Design of Financial Contracts” Washington University Law Quarterly, Vol. 72, No. 3 (1994), 1231-1255.

Mauer, D. C. and A. J. Triantis, “Interactions of Corporate Financing and Investment Decisions: A Dynamic Framework” Journal of Finance, Vol. 49, No. 4 (1994), 1253-1277. (Nominated for 1994 Smith-Breeden Prize)

Fedenia, M., J. E. Hodder, and A. J. Triantis, “Cross-holdings: Estimation Issues, Biases and Distortions” Review of Financial Studies, Vol.7, No. 1 (1994), 61-96.

Hodder, J. E. and A. J. Triantis, "Valuing Flexibility: An Impulse and Control Framework" Annals of Operations Research, Special Issue on Financial Engineering, Vol. 45 (1993), 109-130.

Triantis, A. J. and J. E. Hodder, “Valuing Flexibility as a Complex Option,” Journal of Finance, Vol. 45, No. 2 (June 1990), 549-565.

 

Selected Book Chapters and Encyclopedic Entries:

Triantis, A.J., “Real Options,” Encyclopedia of Financial Engineering and Risk
Management, ed. P. Moles (London: Fitzroy Dearborn), 2002.

Senbet, L. and A. J. Triantis, "Strategies for Risk Management and Financial Contract Design" World Bank Infrastructure Finance Training Manual, ed. M. Dailami, 2002.

Triantis, A.J., “Real Options,” in Handbook of Modern Finance, ed. D. Logue and J. Seward (New York: Research Institute of America), 2003, D1-D32.

Triantis, A.J., “Creating and Managing Shareholder Value: A View Through a Real Options Lens”  in Real Options and Business Strategy: Applications in Decision Making, ed. L. Trigeorgis (London: Risk Books), 1999, pp. 39-58.

Stonier, J. and A.J. Triantis, “Natural and Contractual Real Options: The Case of Aircraft Delivery Options,” Real Options Applications, ed. A. Micalizzi and L. Trigeorgis, (Milan: Bocconi University Press), 1999, 159-195.

Triantis, A. J., “Valuing Flexibility,” in Blackwell’s Encyclopedic Dictionary of Finance, (Oxford: Blackwell Publishers), 1997. Reprinted in Blackwell's Encyclopedia of Management, 2nd edition (2005), and Wiley's Encyclopedia of Management, 3rd edition (forthcoming 2013).

Smith, K. W. and A. J. Triantis, “The Value of Options in Strategic Acquisitions" in Real Options in Capital Investment, ed. L. Trigeorgis (Westport, Ct.: Greenwood Publishing Group, Praeger), 1995, 135-149. This article is reprinted in Real Options and Investment Under Uncertainty: Classical Readings and Recent Contributions, ed. E. Schwartz and L. Trigeorgis (MIT Press), 2001, 405-418. Modified versions of this article were also reprinted in Mergers and Acquisitions, November-December 1994, 17-22 (entitled “Untapped Options for Creating Value in Acquisitions”) and Mercer Management Journal, 1993 (No. 1), 55-67 (entitled “Acquiring Opportunity: The Value of Options in Strategic Acquisitions,”).

 

Other Selected Journal Contributions and Book Reviews:

Triantis, A.J., Video Presentation of Keynote Address to the 7th Annual International Conference on Real Options, FMA Online, Fall 2003.

Triantis, A.J., Moderator of “University of Maryland Roundtable on Real Options,” Journal of Applied Corporate Finance, Vol. 15 (2), Winter 2003, 8-23.

Triantis, A.J., “The Hidden World of Real Options,” Risk, Vol. 12, No. 10, October 1999, 52-54.

Triantis, A.J., Review of “Real Options: Managing Strategic Investment in an Uncertain World” by M. Amram and N. Kulatilaka, RISK, September 1999.

Mello, A. S., J. E. Parsons, and A. J. Triantis, “Flexibility or Hedging? An Error of Substitution,” Risk, Vol. 9, No. 10 (October 1996), 18-19.

Triantis, A. J., Review of “Cases in Financial Engineering” by S. Mason, R. Merton, A. Perold and P. Tufano, Journal of Finance, Vol. 50 (6), 1995, 1780-84.