Alexei Zhdanov

Pennsylvania State University

Assistant Professor of Finance

University Park

State College, PA 16802

United States

http://www.alexeizhdanov.com

SCHOLARLY PAPERS

23

DOWNLOADS
Rank 1,689

SSRN RANKINGS

Top 1,689

in Total Papers Downloads

14,556

CITATIONS
Rank 3,677

SSRN RANKINGS

Top 3,677

in Total Papers Citations

147

Scholarly Papers (23)

1.

The Dynamics of Mergers and Acquisitions

Simon School of Business Working Paper No. FR 01-11
Number of pages: 29 Posted: 30 Aug 2001
Erwan Morellec and Alexei Zhdanov
Ecole Polytechnique Fédérale de Lausanne and Pennsylvania State University
Downloads 3,313 (1,995)
Citation 26

Abstract:

Takeovers, Option Games, Real Options, Learning

2.

Real Options, Volatility, and Stock Returns

Journal of Finance, Vol. 67, pp. 1499-1536, 2012
Number of pages: 49 Posted: 08 Mar 2008 Last Revised: 25 Mar 2013
Gustavo Grullon, Evgeny Lyandres and Alexei Zhdanov
Rice University - Jesse H. Jones Graduate School of Business, Boston University and Pennsylvania State University
Downloads 1,259 (11,360)
Citation 13

Abstract:

Volatility, Risk, Stock Returns, Real Options

3.
Downloads 1,144 ( 13,215)
Citation 19

A Theory of Merger-Driven IPOs

Journal of Financial and Quantitative Analysis (JFQA), Vol. 46, pp. 1367-1405, 2011
Number of pages: 64 Posted: 06 Feb 2008 Last Revised: 14 Mar 2013
Evgeny Lyandres, Alexei Zhdanov and Jim Hsieh
Boston University, Pennsylvania State University and George Mason University
Downloads 1,144 (12,943)
Citation 19

Abstract:

Takeovers, IPOs, Valuation Uncertainty, Real Options

4.

Accelerated Investment Effect of Risky Debt

Journal of Banking and Finance, Vol. 34, pp. 2587-2599, 2010
Number of pages: 31 Posted: 18 Mar 2008 Last Revised: 13 Mar 2013
Evgeny Lyandres and Alexei Zhdanov
Boston University and Pennsylvania State University
Downloads 1,111 (13,573)
Citation 8

Abstract:

accelerated investment, underinvestment, leverage, real options

5.

A Theory of Strategic Mergers

Review of Finance, Vol. 16, pp. 517-575, 2011
Number of pages: 54 Posted: 07 Mar 2008 Last Revised: 12 Nov 2013
Gennaro Bernile, Evgeny Lyandres and Alexei Zhdanov
University of Miami - School of Business Administration, Boston University and Pennsylvania State University
Downloads 1,099 (13,359)
Citation 10

Abstract:

horizontal mergers, competition, strategic interaction, real options

6.

Earnings and Equity Valuation in the Biotech Industry: Theory and Evidence

Number of pages: 45 Posted: 23 May 2007
Philip Joos and Alexei Zhdanov
Tilburg University and Pennsylvania State University
Downloads 822 (20,478)
Citation 4

Abstract:

real options, research and development

7.
Downloads 641 ( 30,855)
Citation 1

Misvaluation and Return Anomalies in Distress Stocks

Swiss Finance Institute Research Paper No. 12-12
Number of pages: 50 Posted: 16 Mar 2012
Assaf Eisdorfer, Amit Goyal and Alexei Zhdanov
University of Connecticut - Department of Finance, University of Lausanne and Pennsylvania State University
Downloads 328 (70,745)
Citation 1

Abstract:

Financial Distress, Return Anomalies, Misvaluation

Misvaluation and Return Anomalies in Distress Stocks

AFA 2013 San Diego Meetings Paper
Number of pages: 47 Posted: 17 Mar 2012
Assaf Eisdorfer, Amit Goyal and Alexei Zhdanov
University of Connecticut - Department of Finance, University of Lausanne and Pennsylvania State University
Downloads 313 (74,541)
Citation 1

Abstract:

financial distress, return anomalies, misvaluation

8.

Investment Opportunities and Bankruptcy Prediction

Journal of Financial Markets, Forthcoming
Number of pages: 42 Posted: 22 Nov 2006 Last Revised: 13 Mar 2013
Evgeny Lyandres and Alexei Zhdanov
Boston University and Pennsylvania State University
Downloads 617 (29,866)
Citation 1

Abstract:

Growth options, Bankruptcy prediction, Default threhsold

9.

Financing and Takeovers

Swiss Finance Institute Research Paper No. 06-22
Number of pages: 47 Posted: 19 Jul 2006
Erwan Morellec and Alexei Zhdanov
Ecole Polytechnique Fédérale de Lausanne and Pennsylvania State University
Downloads 590 (33,377)
Citation 13

Abstract:

takeovers, option games, real options, capital structure

10.

Financing Investment: The Choice between Bonds and Bank Loans

HEC Paris Research Paper No. FIN-2013-1010, Swiss Finance Institute Research Paper No. 14-04
Number of pages: 48 Posted: 18 Oct 2012 Last Revised: 16 May 2014
Erwan Morellec, Philip Valta and Alexei Zhdanov
Ecole Polytechnique Fédérale de Lausanne, University of Bern and Pennsylvania State University
Downloads 561 (23,283)
Citation 1

Abstract:

debt structure, capital structure, investment, credit supply, competition

11.

Optimal Capital Structure in a Duopoly

Number of pages: 39 Posted: 05 Dec 2005 Last Revised: 18 Mar 2008
Alexei Zhdanov
Pennsylvania State University
Downloads 512 (39,663)
Citation 5

Abstract:

Capital structure, product market competition, option games, real options, investment, entry

12.

A Dynamic Analysis of Takeover Deals with Competition and Imperfect Information

Simon School of Business Working Paper No. FR 03-15
Number of pages: 30 Posted: 21 May 2003
Erwan Morellec and Alexei Zhdanov
Ecole Polytechnique Fédérale de Lausanne and Pennsylvania State University
Downloads 427 (51,087)
Citation 1

Abstract:

Takeovers, Real Options, Competition, Learning

13.

Convertible Debt and Investment Timing

Journal of Corporate Finance, Forthcoming
Number of pages: 31 Posted: 22 Feb 2006 Last Revised: 25 Sep 2013
Evgeny Lyandres and Alexei Zhdanov
Boston University and Pennsylvania State University
Downloads 387 (54,415)
Citation 3

Abstract:

Convertible Debt, Real Options, Investment, Capital Structure

14.

Examining the Price-Earnings Relation in a Real Options Framework with Investor Learning

Number of pages: 58 Posted: 04 Nov 2005
Philip Joos and Alexei Zhdanov
Tilburg University and Pennsylvania State University
Downloads 281 (83,036)

Abstract:

real options, research and development, price-earnings, valuation

15.

Competitive Equilibrium With Debt

Number of pages: 40 Posted: 06 Oct 2005
Alexei Zhdanov
Pennsylvania State University
Downloads 252 (91,331)
Citation 5

Abstract:

Real Options, Capital Structure

R&D and the Incentives from Merger and Acquisition Activity

Number of pages: 65 Posted: 27 Nov 2012
Gordon M. Phillips and Alexei Zhdanov
Tuck School of Business at Dartmouth and Pennsylvania State University
Downloads 208 (115,341)
Citation 6

Abstract:

mergers, innovation, R&D

R&D and the Incentives from Merger and Acquisition Activity

NBER Working Paper No. w18346
Number of pages: 58 Posted: 01 Sep 2012
Gordon M. Phillips and Alexei Zhdanov
Tuck School of Business at Dartmouth and Pennsylvania State University
Downloads 9 (502,269)
Citation 6

Abstract:

17.

R&D and the Market for Acquisitions

Swiss Finance Institute Research Paper No. 11-22
Number of pages: 63 Posted: 31 May 2011
Gordon M. Phillips and Alexei Zhdanov
Tuck School of Business at Dartmouth and Pennsylvania State University
Downloads 174 (125,891)
Citation 2

Abstract:

Acquisitions, Research and Developement, Innovation, Competition

18.

Distress Anomaly and Shareholder Risk: International Evidence

Paris December 2015 Finance Meeting EUROFIDAI - AFFI
Number of pages: 36 Posted: 21 May 2013 Last Revised: 02 Oct 2015
Assaf Eisdorfer, Amit Goyal and Alexei Zhdanov
University of Connecticut - Department of Finance, University of Lausanne and Pennsylvania State University
Downloads 110 (151,949)
Citation 1

Abstract:

Distress anomaly, International finance

19.

Default Option and the Cross-Section of Stock Returns

Number of pages: 50 Posted: 18 Sep 2015
Assaf Eisdorfer, Amit Goyal and Alexei Zhdanov
University of Connecticut - Department of Finance, University of Lausanne and Pennsylvania State University
Downloads 45 (160,972)
Citation 25

Abstract:

Asset pricing, Default option

20.

Product Market Competition and Option Prices

Number of pages: 56 Posted: 17 Feb 2017
Erwan Morellec and Alexei Zhdanov
Ecole Polytechnique Fédérale de Lausanne and Pennsylvania State University
Downloads 0 (430,543)

Abstract:

Product market competition, Investment, Leverage effect, Option skew

21.

Inattention in the Options Market

Number of pages: 37 Posted: 29 Nov 2016
Assaf Eisdorfer, Ronnie Sadka and Alexei Zhdanov
University of Connecticut - Department of Finance, Boston College - Carroll School of Management and Pennsylvania State University
Downloads 0 (177,877)

Abstract:

Option returns; Investor inattention

22.

Equity Misvaluation and Default Options

Number of pages: 52 Posted: 29 Oct 2016 Last Revised: 03 Nov 2016
Assaf Eisdorfer, Amit Goyal and Alexei Zhdanov
University of Connecticut - Department of Finance, University of Lausanne and Pennsylvania State University
Downloads 0 (279,648)

Abstract:

Mispricing, Default Options, Stock Returns

23.

Misvaluation of Investment Options

Number of pages: 65 Posted: 09 Aug 2016 Last Revised: 06 Feb 2017
Evgeny Lyandres, Egor Matveyev and Alexei Zhdanov
Boston University, University of Alberta - Department of Finance and Statistical Analysis and Pennsylvania State University
Downloads 0 (281,969)

Abstract:

Misvaluation, Investment Options, Optimal Investment, Demand Uncertainty, Future Returns, Structural Estimation