Evgeny Lyandres

Papers

Total Citations

H-Index

About

Evgeny Lyandres is a leading scholar at the intersection of corporate finance and technological disruption, with a primary focus on how labor-replacing automation reshapes firms’ financial strategies. His most-cited work, “Labor-Replacing Automation and Finance” (2024, 11 citations), offers a groundbreaking empirical analysis of industrial robot adoption using Chinese firm-level panel data. Lyandres demonstrates that robot deployment significantly increases corporate leverage while reducing the cost of debt, challenging traditional assumptions about technology’s financial risks. This research provides a novel framework for understanding how automation alters capital structure decisions. In a related study, “Industrial Robots and Finance” (2020, 7 citations), he further explores the mechanisms linking automation to corporate financing outcomes. Lyandres’s contributions are particularly notable for bridging labor economics and corporate finance, offering actionable insights for policymakers and investors navigating the Fourth Industrial Revolution. His work has been influential in shaping debates on the financial implications of technological change, earning recognition as a pioneer in the emerging field of automation finance.