Alminas Žaldokas

Associate Professor of Finance
Lee Heng Fellow

Contact Information


Research Interests

Antitrust, industrial organization and corporate finance, innovation, corporate governance




Publications and Accepted Papers

Background Noise? TV Advertising Affects Real Time Investor Behavior (with Jura Liaukonyte)
Management Science forthcoming
NBER/RFS Conference on Big Data: Long-Term Implications for Financial Markets and Firms 2019, EFA 2019, ... more
Working Paper, Internet Appendix
Mentions: WSJ, Matt Levine
Blog: Columbia Law School Blue Sky Blog
Presentation video: UBS Quant Insight Series

How Does Firms' Innovation Disclosure Affect Their Banking Relationships? (with Farzad Saidi)
Management Science (2021)
AFA 2017, WFA 2016, ... more
Working Paper, Internet Appendix

Corporate Disclosure as a Tacit Coordination Mechanism (with Thomas Bourveau and Guoman She)
Journal of Accounting Research (2020)
AFA 2020, EFA 2019, ... more
Working Paper, Internet Appendix
Blog: Oxford Business Law Blog

Anti-Collusion Enforcement: Justice for Consumers and Equity for Firms (with Sudipto Dasgupta)
Review of Financial Studies (2019)
AFA 2018, EFA 2017, ... more
Working Paper, Internet Appendix
Blog: HKUST Business Insights

The Effects of Global Leniency Programs on Margins and Mergers (with Ailin Dong and Massimo Massa)
RAND Journal of Economics (2019)
WFA 2015, EFA 2014, ... more
Working Paper, Internet Appendix
Award: Jerry S. Cohen Award for Antitrust Scholarship
Podcast: American Antitrust Institute
Policy brief: HKUST IEMS Thought Leadership Brief

Do Corporate Taxes Hinder Innovation? (with Abhiroop Mukherjee and Manpreet Singh)
Journal of Financial Economics (2017)
EFA 2015, NBER SI Productivity/Innovation Meeting 2014, ... more
Working Paper, Internet Appendix
New Product Announcement Data
Mentions: Forbes, Tax Foundation
Policy briefs: CATO Institute Research Brief, HKUST IEMS Thought Leadership Brief

Information Transfers among Coowned Firms (with Massimo Massa)
Journal of Financial Intermediation (2017)
AFA 2012, CICF 2013, ... more
Working Paper

Investor Base and Corporate Borrowing Policy: Evidence from International Corporate Bonds (with Massimo Massa)
Journal of International Economics (2014)
EFA 2011, McGill Global Asset Management Conference 2011, ... more
Working Paper

Credit Supply and Corporate Innovation (with Mario Daniele Amore and Cédric Schneider)
Journal of Financial Economics (2013)
WFA 2013, CICF 2013, ... more
Working Paper


Working Papers

Motivating Collusion (with Sangeun Ha and Fangyuan Ma)
AEA 2021, Finance, Organizations, and Markets Conference 2020, ... more
Award: CRESSE & CPI Best Paper Award for Young Researchers
Blog: Competition Policy International
Presentation videos: Finance in the Cloud, ACFOW


Work in Progress
Working papers available on request; *cancelled conferences

New Products (with Abhiroop Mukherjee and Tomas Thornquist)
Adam Smith Workshop in Asset Pricing and Corporate Finance 2020*, Brookings Institution Productivity Measurement Initiative 2019, ... more

How Do Firms Adjust When Trade Stops? (with Povilas Lastauskas and Aurelija Proskute)
BoL/NBP/CEBRA/CEPR Conference “Adjustments in and to an Uncertain World” 2020, Computational and Financial Econometrics 2020, ... more

Conflicts in Private Family Firms (with Janis Berzins)
FIRS 2021, Joint CEPR Workshop on Incentives, Management and Organization & Entrepreneurship Economics 2021, ... more


Older Working Papers

Bankrupt Family Firms (with Massimo Massa)
CICF 2014, ISB CAF Summer Research Conference 2014, ... more

Corporate Governance and International Trade (with Mario Daniele Amore)
EEA/ESEM 2011, EARIE 2011, ... more


Some Links

Asia-Pacific Corporate Finance Online Workshop

Meetings of the Lithuanian Economics Network

Baltic Economic Association