Georgy Chabakauri


Associate Professor of Finance

London School of Economics







Research Interests:

asset pricing with frictions, macro-finance, asymmetric information, portfolio choice, risk management. 



1.     Chabakauri, G., and O. Rytchkov, 2020,  “Asset Pricing with Index InvestorsJournal of Financial Economics, forthcoming.

2.     Chabakauri, G., and B. Y. Han, 2020, “Collateral Constraints and Asset PricesJournal of Financial Economics, forthcoming.

European Finance Association Best Conference Paper Award,

SFS Finance Cavalcade Best Paper Award in Asset Pricing,

European Winter Finance Symposium Best Paper Prize in Memory of S. Bhattacharya.

3.    Basak, S., G. Chabakauri, and M. D. Yavuz, 2019, “Investor Protection and Asset PricesReview of Financial Studies 32, 4905-4946.

4.     Chabakauri, G., 2015, “Asset Pricing with Heterogeneous Preferences, Beliefs, and Portfolio ConstraintsJournal of Monetary Economics 75, 21-34.

5.     Chabakauri, G., 2013, “Dynamic Equilibrium with Two Stocks, Heterogeneous Investors, and Portfolio ConstraintsReview of Financial Studies 26, 3104-3141.

6.     Basak, S., and G. Chabakauri, 2012, “Dynamic Hedging in Incomplete Markets: A Simple SolutionReview of Financial Studies 25, 1845-1896.

7.     Basak, S., and G. Chabakauri, 2010, “Dynamic Mean-Variance Asset AllocationReview of Financial Studies 23, 2970-3016.


Working Papers:

Chabakauri, G., Yuan, K., and K. Zachariadis, 2020, “Multi-Asset Noisy Rational Expectations Equilibrium with Contingent Claims

Barinov, A., and G. Chabakauri, 2020, “Idiosyncratic volatility, growth options, and cross-section of returns

Chabakauri, G., 2015, “Dynamic Equilibrium with Rare Events and Heterogeneous Epstein-Zin Investors

Bhattacharya, S., G. Chabakauri, and K. Nyborg, 2011, “Securitized Lending, Asymmetric Information, and Financial Crisis: New Perspectives for Regulation” (available upon request).  

Contact Information:

Georgy Chabakauri

Associate Professor

London School of Economics,

Department of Finance,

Houghton Street,

London WC2A 2AE, UK

E-mail: G.Chabakauri[at]

Author page on SSRN