Alminas Žaldokas

Associate Professor of Finance
National University of Singapore
HKUST (on leave)


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






Upcoming and Recent Talks


Publications and Accepted Papers

Motivating Collusion (with Sangeun Ha and Fangyuan Ma)
Journal of Financial Economics (2024)
Drexel Corporate Governance Conference 2023, Finance, Organizations, and Markets Conference 2020, ... more (click)
Working Paper, Internet Appendix
Data and code
Award: CRESSE & CPI Best Paper Award for Young Researchers
Blog: Competition Policy International
Presentation videos: Finance in the Cloud, ACFOW

How Do Firms Adjust When Trade Stops? (with Povilas Lastauskas and Aurelija Proskute)
Journal of Economic Behavior & Organization (2023)
Special Issue "Wars, economic sanctions, economic behaviors, and institutions"
EEA 2022, BoL/NBP/CEBRA/CEPR Conference “Adjustments in and to an Uncertain World” 2020, ... more (click)
Working Paper, Internet Appendix
Blog: VoxEU

Background Noise? TV Advertising Affects Real Time Investor Behavior (with Jura Liaukonyte)
Management Science (2022)
NBER/RFS Conference on Big Data: Long-Term Implications for Financial Markets and Firms 2019, EFA 2019, ... more (click)
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 (click)
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 (click)
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 (click)
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 (click)
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 (click)
Working Paper, Internet Appendix
New Product Announcement Data
Award: Vladas Jurgutis Award
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 (click)
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 (click)
Working Paper

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


Working Papers and Work in Progress

Board Connections, Firm Profitability, and Product Market Actions (with Radhakrishnan Gopalan and Renping Li)
AFA 2025, EFA 2024, ... more (click)
Awards: Sudipto Bhattacharya Memorial Prize (European Winter Finance Summit), John L. Weinberg/IRRCi Research Paper Award (2024 University of Delaware Weinberg Center/ECGI Corporate Governance Symposium)
Blog: Columbia Law School Blue Sky Blog

Conflicts in Private Family Firms (with Janis Berzins)
AFA 2023, EFA 2022, ... more (click)

ESG Shocks in Global Supply Chains (with Emilio Bisetti and Guoman She)
EFA 2023, ESSFM (Gerzensee) 2023, ... more (click)

Kamikazes in Public Procurements (with Dimas Fazio)
WFA 2024, EFA 2024, ... more (click)

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 (click)


Older Working Papers

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

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


Some Links

Asia-Pacific Corporate Finance Online Workshop

HEC-HKUST Sustainable Finance Webinar and Workshop

Baltic Economic Association

Meetings of the Lithuanian Economics Network