Alexei Zhdanov

Pennsylvania State University

Assistant Professor of Finance

University Park

State College, PA 16802

United States

http://www.alexeizhdanov.com

SCHOLARLY PAPERS

27

DOWNLOADS
Rank 3,165

SSRN RANKINGS

Top 3,165

in Total Papers Downloads

20,885

SSRN CITATIONS
Rank 2,935

SSRN RANKINGS

Top 2,935

in Total Papers Citations

490

CROSSREF CITATIONS

121

Scholarly Papers (27)

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 3,811 (5,465)
Citation 28

Abstract:

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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 1,532 (23,253)
Citation 52

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Volatility, Risk, Stock Returns, Real Options

3.
Downloads 1,308 (29,351)
Citation 25

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 - Department of Finance
Downloads 1,308 (28,863)
Citation 25

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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 1,270 (30,661)
Citation 11

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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 1,185 (33,892)
Citation 4

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accelerated investment, underinvestment, leverage, real options

6.

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 1,136 (35,931)
Citation 3

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Option Returns, Investor Inattention

7.

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 1,123 (36,538)
Citation 12

Abstract:

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

8.

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 1,061 (39,694)
Citation 12

Abstract:

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real options, research and development

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 437 (123,815)
Citation 1

Abstract:

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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 363 (153,214)
Citation 3

Abstract:

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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 770 (61,786)
Citation 12

Abstract:

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Growth options, Bankruptcy prediction, Default threhsold

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 639 (77,504)

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

12.

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 687 (71,648)
Citation 18

Abstract:

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takeovers, option games, real options, capital structure

13.

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 644 (77,780)
Citation 1

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Option returns; Investor inattention

14.

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 631 (79,745)
Citation 1

Abstract:

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

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 564 (90,695)
Citation 9

Abstract:

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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 2023
Gordon M. Phillips and Alexei Zhdanov
Dartmouth College - Tuck School of Business and Pennsylvania State University
Downloads 66 (636,783)
Citation 75

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16.

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 507 (104,849)
Citation 11

Abstract:

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Convertible Debt, Real Options, Investment, Capital Structure

17.

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 496 (107,747)
Citation 2

Abstract:

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Mispricing, Default Options, Stock Returns

18.

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 491 (108,977)
Citation 2

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Takeovers, Real Options, Competition, Learning

19.

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 346 (162,711)
Citation 9

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Product market competition, Investment, Leverage effect, Option skew

20.

Competitive Equilibrium With Debt

Number of pages: 40 Posted: 06 Oct 2005
Alexei Zhdanov
Pennsylvania State University
Downloads 334 (168,961)
Citation 4

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Real Options, Capital Structure

21.

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 329 (171,734)
Citation 1

Abstract:

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

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 273 (208,598)
Citation 5

Abstract:

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Distress anomaly, International finance

23.

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 246 (231,356)

Abstract:

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

24.

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 244 (233,145)
Citation 2

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Acquisitions, Research and Developement, Innovation, Competition

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 224 (253,245)
Citation 154

Abstract:

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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 144 (373,178)
Citation 1

Abstract:

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Takeovers, stock returns, equity risk

27.

Short Interest and Investment

Number of pages: 80 Posted: 29 Nov 2023
University of Houston - C.T. Bauer College of BusinessHSE Moscow, Rice University - Jesse H. Jones Graduate School of Business, York University - Schulich School of Business and Pennsylvania State University
Downloads 24 (916,452)

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managerial learning, market feedback, short interest, short sellers, investment