Alexei Zhdanov

Pennsylvania State University

Assistant Professor of Finance

University Park

State College, PA 16802

United States

http://www.alexeizhdanov.com

SCHOLARLY PAPERS

25

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Top 2,314

in Total Papers Downloads

17,987

SSRN CITATIONS
Rank 3,764

SSRN RANKINGS

Top 3,764

in Total Papers Citations

249

CROSSREF CITATIONS

113

Scholarly Papers (25)

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 3,700 (3,386)
Citation 25

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 1,426 (16,322)
Citation 27

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Volatility, Risk, Stock Returns, Real Options

3.
Downloads 1,247 ( 19,953)
Citation 17

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 1,247 (19,617)
Citation 17

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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 1,225 (20,516)
Citation 12

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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 1,152 (22,497)
Citation 3

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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 1,006 (27,409)
Citation 12

Abstract:

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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 980 (28,423)
Citation 6

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real options, research and development

8.
Downloads 724 ( 43,249)
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 389 (92,847)
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 335 (110,312)
Citation 2

Abstract:

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financial distress, return anomalies, misvaluation

9.

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 723 (43,329)
Citation 7

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Growth options, Bankruptcy prediction, Default threhsold

10.

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 658 (49,108)
Citation 11

Abstract:

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takeovers, option games, real options, capital structure

11.

Cheap Options Are Expensive

Swiss Finance Institute Research Paper No. 20-64
Number of pages: 52 Posted: 06 Aug 2020 Last Revised: 10 Aug 2020
Assaf Eisdorfer, Amit Goyal and Alexei Zhdanov
University of Connecticut - Department of Finance, University of Lausanne and Pennsylvania State University
Downloads 619 (53,248)
Citation 2

Abstract:

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Option Returns, Investor Inattention

12.

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 460 (77,031)
Citation 2

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Takeovers, Real Options, Competition, Learning

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 436 (81,296)

Abstract:

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

14.

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 452 (78,647)
Citation 8

Abstract:

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Convertible Debt, Real Options, Investment, Capital Structure

15.

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 421 (85,507)
Citation 1

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

16.

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 416 (86,676)
Citation 1

Abstract:

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Option returns; Investor inattention

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 415 (86,898)
Citation 2

Abstract:

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Mispricing, Default Options, Stock Returns

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 340 (108,417)
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: 16 Oct 2014
Gordon M. Phillips and Alexei Zhdanov
Dartmouth College - Tuck School of Business and Pennsylvania State University
Downloads 35 (548,556)
Citation 20

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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 298 (125,824)
Citation 1

Abstract:

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

20.

Competitive Equilibrium With Debt

Number of pages: 40 Posted: 06 Oct 2005
Alexei Zhdanov
Pennsylvania State University
Downloads 288 (130,395)
Citation 1

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Real Options, Capital Structure

21.

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 257 (146,604)
Citation 2

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Product market competition, Investment, Leverage effect, Option skew

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 234 (160,624)
Citation 5

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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 218 (171,882)
Citation 2

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Acquisitions, Research and Developement, Innovation, Competition

24.

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 190 (195,090)
Citation 93

Abstract:

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Asset pricing, Default option

25.

Takeover Protections and Stock Returns

Swiss Finance Institute Research Paper No. 20-105
Number of pages: 59 Posted: 03 Dec 2020 Last Revised: 03 Jun 2021
Assaf Eisdorfer, Erwan Morellec and Alexei Zhdanov
University of Connecticut - Department of Finance, Ecole Polytechnique Fédérale de Lausanne and Pennsylvania State University
Downloads 67 (407,414)

Abstract:

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Takeovers, stock returns, equity risk