Alexei Zhdanov

Pennsylvania State University

Assistant Professor of Finance

University Park

State College, PA 16802

United States

http://www.alexeizhdanov.com

SCHOLARLY PAPERS

26

DOWNLOADS
Rank 2,609

SSRN RANKINGS

Top 2,609

in Total Papers Downloads

19,174

SSRN CITATIONS
Rank 3,633

SSRN RANKINGS

Top 3,633

in Total Papers Citations

255

CROSSREF CITATIONS

116

Scholarly Papers (26)

1.

The Dynamics of Mergers and Acquisitions

Number of pages: 29 Posted: 30 Aug 2001
Erwan Morellec and Alexei Zhdanov
Ecole Polytechnique Fédérale de Lausanne and Pennsylvania State University
Downloads 3,736 (4,051)
Citation 25

Abstract:

Loading...

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, Tel Aviv University and Pennsylvania State University
Downloads 1,459 (18,490)
Citation 27

Abstract:

Loading...

Volatility, Risk, Stock Returns, Real Options

3.
Downloads 1,261 ( 23,066)
Citation 18

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
Tel Aviv University, Pennsylvania State University and George Mason University
Downloads 1,261 (22,676)
Citation 18

Abstract:

Loading...

Takeovers, IPOs, Valuation Uncertainty, Real Options

4.

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
University of Miami - Department of Finance, Tel Aviv University and Pennsylvania State University
Downloads 1,234 (23,810)
Citation 12

Abstract:

Loading...

horizontal mergers, competition, strategic interaction, real options

5.

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
Tel Aviv University and Pennsylvania State University
Downloads 1,156 (26,175)
Citation 3

Abstract:

Loading...

accelerated investment, underinvestment, leverage, real options

6.

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 1,030 (30,904)
Citation 12

Abstract:

Loading...

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

7.

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 1,001 (32,175)
Citation 8

Abstract:

Loading...

real options, research and development

8.

Limited Attention and Option Prices

Swiss Finance Institute Research Paper No. 20-64
Number of pages: 76 Posted: 06 Aug 2020 Last Revised: 10 May 2022
University of Houston - C.T. Bauer College of BusinessHSE Moscow, University of Connecticut - Department of Finance, University of Lausanne and Pennsylvania State University
Downloads 887 (38,176)
Citation 3

Abstract:

Loading...

Option Returns, Investor Inattention

9.
Downloads 737 ( 48,998)
Citation 2

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 399 (103,819)
Citation 1

Abstract:

Loading...

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 338 (125,289)
Citation 2

Abstract:

Loading...

financial distress, return anomalies, misvaluation

10.

Investment Opportunities and Bankruptcy Prediction

Journal of Financial Markets, 16 (3), 439-476
Number of pages: 42 Posted: 22 Nov 2006 Last Revised: 19 Apr 2018
Evgeny Lyandres and Alexei Zhdanov
Tel Aviv University and Pennsylvania State University
Downloads 736 (49,084)
Citation 8

Abstract:

Loading...

Growth options, Bankruptcy prediction, Default threhsold

11.

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 662 (56,412)
Citation 11

Abstract:

Loading...

takeovers, option games, real options, capital structure

12.

Does the Market Correctly Value Investment Options?

Number of pages: 77 Posted: 09 Aug 2016 Last Revised: 17 Dec 2019
Evgeny Lyandres, Egor Matveyev and Alexei Zhdanov
Tel Aviv University, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Pennsylvania State University
Downloads 572 (67,998)
Citation 1

Abstract:

Loading...

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

Venture Capital Investments, Mergers and Competition Laws around the World

Tuck School of Business Working Paper No. 3072665
Number of pages: 69 Posted: 20 Nov 2017 Last Revised: 11 Nov 2019
Gordon M. Phillips and Alexei Zhdanov
Dartmouth College - Tuck School of Business and Pennsylvania State University
Downloads 513 (77,060)

Abstract:

Loading...

Venture Capital, Mergers and Acquisitions, Merger Waves, Takeover Laws

14.

Maturity Driven Mispricing of Options

Number of pages: 51 Posted: 29 Nov 2016 Last Revised: 30 Aug 2018
Assaf Eisdorfer, Ronnie Sadka and Alexei Zhdanov
University of Connecticut - Department of Finance, Boston College - Carroll School of Management and Pennsylvania State University
Downloads 489 (82,489)
Citation 1

Abstract:

Loading...

Option returns; Investor inattention

15.

A Dynamic Analysis of Takeover Deals with Competition and Imperfect Information

Number of pages: 30 Posted: 21 May 2003
Erwan Morellec and Alexei Zhdanov
Ecole Polytechnique Fédérale de Lausanne and Pennsylvania State University
Downloads 467 (87,200)
Citation 2

Abstract:

Loading...

Takeovers, Real Options, Competition, Learning

R&D and the Incentives from Merger and Acquisition Activity

Number of pages: 65 Posted: 27 Nov 2012
Gordon M. Phillips and Alexei Zhdanov
Dartmouth College - Tuck School of Business and Pennsylvania State University
Downloads 417 (98,550)
Citation 9

Abstract:

Loading...

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 Last Revised: 17 Feb 2022
Gordon M. Phillips and Alexei Zhdanov
Dartmouth College - Tuck School of Business and Pennsylvania State University
Downloads 48 (544,277)
Citation 24

Abstract:

Loading...

17.

Convertible Debt and Investment Timing

Journal of Corporate Finance, 24, 21-37
Number of pages: 31 Posted: 22 Feb 2006 Last Revised: 19 Apr 2018
Evgeny Lyandres and Alexei Zhdanov
Tel Aviv University and Pennsylvania State University
Downloads 462 (88,334)
Citation 8

Abstract:

Loading...

Convertible Debt, Real Options, Investment, Capital Structure

18.

Equity Misvaluation and Default Options

Journal of Finance, Forthcoming
Number of pages: 62 Posted: 29 Oct 2016 Last Revised: 03 Feb 2018
Assaf Eisdorfer, Amit Goyal and Alexei Zhdanov
University of Connecticut - Department of Finance, University of Lausanne and Pennsylvania State University
Downloads 447 (91,779)
Citation 2

Abstract:

Loading...

Mispricing, Default Options, Stock Returns

19.

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 299 (143,286)
Citation 1

Abstract:

Loading...

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

20.

Product Market Competition and Option Prices

Swiss Finance Institute Research Paper No. 17-07
Number of pages: 57 Posted: 17 Feb 2017 Last Revised: 13 Apr 2018
Erwan Morellec and Alexei Zhdanov
Ecole Polytechnique Fédérale de Lausanne and Pennsylvania State University
Downloads 293 (146,368)
Citation 2

Abstract:

Loading...

Product market competition, Investment, Leverage effect, Option skew

21.

Competitive Equilibrium With Debt

Number of pages: 40 Posted: 06 Oct 2005
Alexei Zhdanov
Pennsylvania State University
Downloads 293 (146,368)
Citation 1

Abstract:

Loading...

Real Options, Capital Structure

22.

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 246 (174,350)
Citation 5

Abstract:

Loading...

Distress anomaly, International finance

23.

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
Dartmouth College - Tuck School of Business and Pennsylvania State University
Downloads 221 (193,159)
Citation 2

Abstract:

Loading...

Acquisitions, Research and Developement, Innovation, Competition

24.

Optimal Capital Structure with Imperfect Competition

Forthcoming at Review of Corporate Finance Studies
Number of pages: 64 Posted: 18 Nov 2021
Egor Matveyev and Alexei Zhdanov
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Pennsylvania State University
Downloads 217 (196,554)

Abstract:

Loading...

Capital structure, Product market competition, Option games, Real options

25.

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 196 (215,776)
Citation 97

Abstract:

Loading...

Asset pricing, Default option

26.

Takeover Protections and Asset Returns

Swiss Finance Institute Research Paper No. 20-105
Number of pages: 72 Posted: 03 Dec 2020 Last Revised: 16 Jun 2022
Assaf Eisdorfer, Erwan Morellec and Alexei Zhdanov
University of Connecticut - Department of Finance, Ecole Polytechnique Fédérale de Lausanne and Pennsylvania State University
Downloads 95 (374,999)
Citation 1

Abstract:

Loading...

Takeovers, stock returns, equity risk