Faculty Profiles - ZALDOKAS Alminas | The Hong Kong University of Science and Technology

Alminas ZALDOKAS

PhD in Finance
INSEAD, 2012

Associate Professor
Department of Finance

(852) 2358 7665
alminas@ust.hk
Room LSK5077
Personal Web

Google Scholar

c4-ZS40AAAAJ

ORCID

0000-0002-9001-4275

ResearcherID

A-5115-2015

Scopus ID

55699709300

Research Interest Publications Projects Teaching Assignment RPG Supervision Space used

Research Interest

Corporate finance
Empirical corporate finance
Innovation

Publications

All Years 100 2023 2 2022 19 2021 18 2020 5 2019 16 2018 16 2017 24

2023 2

ESG Shocks in Global Supply Chains

Bisetti, Emilio; Zaldokas, Alminas; She, Guoman
Conference paper

2022 19

Background Noise? TV Advertising Affects Real Time Investor Behavior

Management Science, v. 68, (4), April 2022, article number 4003, p. 2465-2484
Liaukonyte, Jura; Zaldokas, Alminas
Article

Adjusting to Economic Sanctions

Zaldokas, Alminas; Proskute, Aurelija; Lastauskas, Povilas
Conference paper

Conflicts in Private Family Firms

Zaldokas, Alminas; Berzins, Janis
Conference paper

Do Board Connections Between Product Market Peers Impede Competition?

Zaldokas, Alminas; Gopalan, Radha; Li, Renping
Conference paper

Do Corporate Taxes Hinder Innovation

Zaldokas, Alminas; Mukherjee, Abhiroop; Singh, Manpreet
Conference paper

ESG Shocks in Global Supply Chains

Zaldokas, Alminas; Bisetti, Emilio; She, Guoman
Conference paper

ESG Shocks in Global Supply Chains

Bisetti, Emilio; Zaldokas, Alminas; She, Guoman
Conference paper

How Do Firms Adjust When Trade Stops?

Zaldokas, Alminas; Proskute, Aurelija; Lastauskas, Povilas
Conference paper

Kamikazes in Public Procurement

Zaldokas, Alminas; Fazio, Dimas
Conference paper

Motivating Collusion

Zaldokas, Alminas; Ma, Fangyuan; Ha, Sangeun
Conference paper

New Products

Zaldokas, Alminas; Mukherjee, Abhiroop; Thornquist, Tomas
Conference paper

2021 18

How Does Firms' Innovation Disclosure Affect Their Banking Relationships?

Management Science, v. 67, (2), February 2021, p. 742-768
Saidi, Farzad; Zaldokas, Alminas
Article

Barcelona GSE Summer Forum Applied Industrial Organization Workshop

Zaldokas, Alminas; Ha, Sangeun; Ma, Fangyuan
Conference paper

Conflicts in Private Family Firms

Zaldokas, Alminas; Berzins, Janis
Conference paper

Motivating Collusion

Zaldokas, Alminas; Ha, Sangeun; Ma, Fangyuan
Conference paper

New Products

Zaldokas, Alminas; Mukherjee, Abhiroop; Thornquist, Tomas
Conference paper

New Products

Mukherjee, Abhiroop; Thornquist, Tomas; Zaldokas, Alminas
Conference paper

2020 5

Corporate Disclosure as a Tacit Coordination Mechanism: Evidence from Cartel Enforcement Regulations

Journal of Accounting Research, v. 58, (2), May 2020, p. 295-332
Bourveau, Thomas; She, Guoman; Zaldokas, Alminas
Article

Corporate Disclosure as a Tacit Coordination Mechanism: Evidence from Cartel Enforcement Regulations

Zaldokas, Alminas; Bourveau, Thomas; She, Guoman
Conference paper

Motivating Collusion

Zaldokas, Alminas; Ha, Sangeun; Ma, Fangyuan
Conference paper

2019 16

The Effects of Global Leniency Programs on Margins and Mergers

The RAND Journal of Economics, v. 50, (4), December 2019, p. 883-915
Dong, Ailin; Massa, Massimo; Zaldokas, Alminas
Article

Background Noise? TV Advertising Affects Real Time Investor Behavior

Zaldokas, Alminas; Liaukonyte, Jura
Conference paper

Conflicts in Private Family Firms

Zaldokas, Alminas; Berzins, Janis
Conference paper

Corporate Disclosure as a Tacit Coordination Mechanism: Evidence from Cartel Enforcement Regulations

Zaldokas, Alminas; She, Guoman; Bourveau, Thomas Emile Henri
Conference paper

Corporate Disclosure as a Tacit Coordination Mechanism: Evidence from Cartel Enforcement Regulations

Zaldokas, Alminas; She, guoman; Bourveau, Thomas
Conference paper

Corporate Disclosure as a Tacit Coordination Mechanism: Evidence from Cartel Enforcement Regulations

Zaldokas, Alminas; She, Guoman; Bourveau, Thomas
Conference paper

New Products

Zaldokas, Alminas; Mukherjee, Abhiroop; Tornquist, Tomas
Conference paper

2018 16

Anticollusion Enforcement: Justice for Consumers and Equity for Firms

Review of Financial Studies, v. 32, (7), August 2019, p. 2587-2624
Dasgupta, Sudipto; Zaldokas, Alminas
Article

Anti-Collusion Enforcement: Justice for Consumers and Equity for Firms

Zaldokas, Alminas; Sudipto dasgupta
Conference paper

Background Noise? TV Advertising Affects Real Time Investor Behavior

Zaldokas, Alminas; Liaukonyte, Jura
Conference paper

Naughty Firms, Noisy Disclosure

Zaldokas, Alminas; She, Guoman; Bourveau, Thomas Emile Henri
Conference paper

Naughty Firms, Noisy Disclosure

Zaldokas, Alminas; Bourveau, Thomas Emile Henri; She, Guoman
Conference paper

Naughty Firms, Noisy Disclosure

Zaldokas, Alminas; She, Guoman; Bourveau, Thomas Emile Henri
Conference paper

2017 9

Do Corporate Taxes Hinder Innovation?

Journal of Financial Economics, v. 124, (1), April 2017, p. 195-221
Mukherjee, Abhiroop; Singh, Manpreet; Zaldokas, Alminas
Article

Information transfers among co-owned firms

Journal of Financial Intermediation, v. 31, July 2017, p. 77-92
Massa, Massimo; Zaldokas, Alminas
Article

Anti-Collusion Enforcement: Justice for Consumers and Equity for Firms

Zaldokas, Alminas; Sudipto dasgupta
Conference paper

Naughty Firms, Noisy Disclosure

Zaldokas, Alminas; Bourveau, Thomas Emile Henri; She, Guoman
Conference paper

Naughty Firms, Noisy Disclosure

Zaldokas, Alminas; She, Guoman; Bourveau, Thomas Emile Henri
Conference paper

2016 1

Patents as substitutes for relationships

Saidi, Farzad; Zaldokas, Alminas
Conference paper

2014 6

Investor base and corporate borrowing: Evidence from international bonds

Journal of International Economics, v. 92, (1), January 2014, p. 95-110
Massa, M.; Žaldokas, A.
Article

Do Corporate Taxes Hinder Innovation?

Mukherjee, Abhiroop; Singh, Manpreet; Zaldokas, Alminas
Conference paper

Do Corporate Taxes Hinder Innovation?

Singh, Manpreet; Zaldokas, Alminas; Mukherjee, Abhiroop
Conference paper

Do Corporate Taxes Hinder Innovation?

Mukherjee, Abhiroop; Singh, Manpreet; Zaldokas, Alminas
Conference paper

Do Corporate Taxes Hinder Innovation?

Singh, Manpreet; Mukherjee, Abhiroop; Zaldokas, Alminas
Conference paper

2013 1

Credit Supply and Corporate Innovation

Journal of Financial Economics, v. 109, (3), September 2013, p. 835-855
Amore, Mario Daniele; Schneider, Cedric; Zaldokas, Alminas
Article

2012 5

Block Ownership and the Role of Reputation in the Debt Market

The 2012 American Finance Association Annual Meeting, Chicago, USA, 6-8 Jan 2012
Massimo, Massa; Alminas, Zaldokas
Conference paper

Corporate Governance and International Trade Shocks

ECCCS Corporate Governance Workshop, Nice, France, 12-13 Mar 2012
Amore, Mario; Zaldokas, Alminas
Conference paper

Credit Supply and Corporate Innovation

Amore, Mario; Schneider, Cedric; Zaldokas, Alminas
Conference paper

Credit Supply and Corporate Innovation

Mario, Daniele Amore; Cedric, Schneider; Alminas, Zaldokas
Conference paper

Informal Pyramics and Debt

AFA Meetings, Chicago, Jan 6-8, 2012
Massa, Massimo; Zaldokas, Alminas
Conference paper

2011 2

Corporate Governance and International Trade Shocks

European Economic Associatin & Econometric Society 2011 Parallel Meetings, Oslo, Norway, 25-29 Aug 2011
Mario, Daniele Amore; Alminas, Zaldokas
Conference paper

Investor Base and Corporate Borrowing Policy: Evidence from International Bonds

38th Annual Meetings of the European Finance Association, Stockholm, Sweden, 17-20 Aug 2011
Massimo, Massa; Alminas, Zaldokas
Conference paper

Conference paper 2

ESG Shocks in Global Supply Chains

Bisetti, Emilio; Zaldokas, Alminas; She, Guoman

Article 1

Background Noise? TV Advertising Affects Real Time Investor Behavior

Management Science, v. 68, (4), April 2022, article number 4003, p. 2465-2484
Liaukonyte, Jura; Zaldokas, Alminas

Conference paper 18

Adjusting to Economic Sanctions

Zaldokas, Alminas; Proskute, Aurelija; Lastauskas, Povilas

Conflicts in Private Family Firms

Zaldokas, Alminas; Berzins, Janis

Do Board Connections Between Product Market Peers Impede Competition?

Zaldokas, Alminas; Gopalan, Radha; Li, Renping

Do Corporate Taxes Hinder Innovation

Zaldokas, Alminas; Mukherjee, Abhiroop; Singh, Manpreet

ESG Shocks in Global Supply Chains

Zaldokas, Alminas; Bisetti, Emilio; She, Guoman

ESG Shocks in Global Supply Chains

Bisetti, Emilio; Zaldokas, Alminas; She, Guoman

How Do Firms Adjust When Trade Stops?

Zaldokas, Alminas; Proskute, Aurelija; Lastauskas, Povilas

Kamikazes in Public Procurement

Zaldokas, Alminas; Fazio, Dimas

Motivating Collusion

Zaldokas, Alminas; Ma, Fangyuan; Ha, Sangeun

New Products

Zaldokas, Alminas; Mukherjee, Abhiroop; Thornquist, Tomas

Article 1

How Does Firms' Innovation Disclosure Affect Their Banking Relationships?

Management Science, v. 67, (2), February 2021, p. 742-768
Saidi, Farzad; Zaldokas, Alminas

Conference paper 17

Barcelona GSE Summer Forum Applied Industrial Organization Workshop

Zaldokas, Alminas; Ha, Sangeun; Ma, Fangyuan

Conflicts in Private Family Firms

Zaldokas, Alminas; Berzins, Janis

Motivating Collusion

Zaldokas, Alminas; Ha, Sangeun; Ma, Fangyuan

New Products

Zaldokas, Alminas; Mukherjee, Abhiroop; Thornquist, Tomas

New Products

Mukherjee, Abhiroop; Thornquist, Tomas; Zaldokas, Alminas

Article 1

Corporate Disclosure as a Tacit Coordination Mechanism: Evidence from Cartel Enforcement Regulations

Journal of Accounting Research, v. 58, (2), May 2020, p. 295-332
Bourveau, Thomas; She, Guoman; Zaldokas, Alminas

Conference paper 4

Corporate Disclosure as a Tacit Coordination Mechanism: Evidence from Cartel Enforcement Regulations

Zaldokas, Alminas; Bourveau, Thomas; She, Guoman

Motivating Collusion

Zaldokas, Alminas; Ha, Sangeun; Ma, Fangyuan

Article 1

The Effects of Global Leniency Programs on Margins and Mergers

The RAND Journal of Economics, v. 50, (4), December 2019, p. 883-915
Dong, Ailin; Massa, Massimo; Zaldokas, Alminas

Conference paper 15

Background Noise? TV Advertising Affects Real Time Investor Behavior

Zaldokas, Alminas; Liaukonyte, Jura

Conflicts in Private Family Firms

Zaldokas, Alminas; Berzins, Janis

Corporate Disclosure as a Tacit Coordination Mechanism: Evidence from Cartel Enforcement Regulations

Zaldokas, Alminas; She, Guoman; Bourveau, Thomas Emile Henri

Corporate Disclosure as a Tacit Coordination Mechanism: Evidence from Cartel Enforcement Regulations

Zaldokas, Alminas; She, guoman; Bourveau, Thomas

Corporate Disclosure as a Tacit Coordination Mechanism: Evidence from Cartel Enforcement Regulations

Zaldokas, Alminas; She, Guoman; Bourveau, Thomas

New Products

Zaldokas, Alminas; Mukherjee, Abhiroop; Tornquist, Tomas

Article 1

Anticollusion Enforcement: Justice for Consumers and Equity for Firms

Review of Financial Studies, v. 32, (7), August 2019, p. 2587-2624
Dasgupta, Sudipto; Zaldokas, Alminas

Conference paper 15

Anti-Collusion Enforcement: Justice for Consumers and Equity for Firms

Zaldokas, Alminas; Sudipto dasgupta

Background Noise? TV Advertising Affects Real Time Investor Behavior

Zaldokas, Alminas; Liaukonyte, Jura

Naughty Firms, Noisy Disclosure

Zaldokas, Alminas; She, Guoman; Bourveau, Thomas Emile Henri

Naughty Firms, Noisy Disclosure

Zaldokas, Alminas; Bourveau, Thomas Emile Henri; She, Guoman

Naughty Firms, Noisy Disclosure

Zaldokas, Alminas; She, Guoman; Bourveau, Thomas Emile Henri

Article 2

Do Corporate Taxes Hinder Innovation?

Journal of Financial Economics, v. 124, (1), April 2017, p. 195-221
Mukherjee, Abhiroop; Singh, Manpreet; Zaldokas, Alminas

Information transfers among co-owned firms

Journal of Financial Intermediation, v. 31, July 2017, p. 77-92
Massa, Massimo; Zaldokas, Alminas

Conference paper 7

Anti-Collusion Enforcement: Justice for Consumers and Equity for Firms

Zaldokas, Alminas; Sudipto dasgupta

Naughty Firms, Noisy Disclosure

Zaldokas, Alminas; Bourveau, Thomas Emile Henri; She, Guoman

Naughty Firms, Noisy Disclosure

Zaldokas, Alminas; She, Guoman; Bourveau, Thomas Emile Henri

Conference paper 1

Patents as substitutes for relationships

Saidi, Farzad; Zaldokas, Alminas

Article 1

Investor base and corporate borrowing: Evidence from international bonds

Journal of International Economics, v. 92, (1), January 2014, p. 95-110
Massa, M.; Žaldokas, A.

Conference paper 5

Do Corporate Taxes Hinder Innovation?

Mukherjee, Abhiroop; Singh, Manpreet; Zaldokas, Alminas

Do Corporate Taxes Hinder Innovation?

Singh, Manpreet; Zaldokas, Alminas; Mukherjee, Abhiroop

Do Corporate Taxes Hinder Innovation?

Mukherjee, Abhiroop; Singh, Manpreet; Zaldokas, Alminas

Do Corporate Taxes Hinder Innovation?

Singh, Manpreet; Mukherjee, Abhiroop; Zaldokas, Alminas

Article 1

Credit Supply and Corporate Innovation

Journal of Financial Economics, v. 109, (3), September 2013, p. 835-855
Amore, Mario Daniele; Schneider, Cedric; Zaldokas, Alminas

Conference paper 5

Block Ownership and the Role of Reputation in the Debt Market

The 2012 American Finance Association Annual Meeting, Chicago, USA, 6-8 Jan 2012
Massimo, Massa; Alminas, Zaldokas

Corporate Governance and International Trade Shocks

ECCCS Corporate Governance Workshop, Nice, France, 12-13 Mar 2012
Amore, Mario; Zaldokas, Alminas

Credit Supply and Corporate Innovation

Amore, Mario; Schneider, Cedric; Zaldokas, Alminas

Credit Supply and Corporate Innovation

Mario, Daniele Amore; Cedric, Schneider; Alminas, Zaldokas

Informal Pyramics and Debt

AFA Meetings, Chicago, Jan 6-8, 2012
Massa, Massimo; Zaldokas, Alminas

Conference paper 2

Corporate Governance and International Trade Shocks

European Economic Associatin & Econometric Society 2011 Parallel Meetings, Oslo, Norway, 25-29 Aug 2011
Mario, Daniele Amore; Alminas, Zaldokas

Investor Base and Corporate Borrowing Policy: Evidence from International Bonds

38th Annual Meetings of the European Finance Association, Stockholm, Sweden, 17-20 Aug 2011
Massimo, Massa; Alminas, Zaldokas

2017 9

Do Corporate Taxes Hinder Innovation?

Journal of Financial Economics, v. 124, (1), April 2017, p. 195-221
Mukherjee, Abhiroop; Singh, Manpreet; Zaldokas, Alminas
Article

Information transfers among co-owned firms

Journal of Financial Intermediation, v. 31, July 2017, p. 77-92
Massa, Massimo; Zaldokas, Alminas
Article

Anti-Collusion Enforcement: Justice for Consumers and Equity for Firms

Zaldokas, Alminas; Sudipto dasgupta
Conference paper

Naughty Firms, Noisy Disclosure

Zaldokas, Alminas; Bourveau, Thomas Emile Henri; She, Guoman
Conference paper

Naughty Firms, Noisy Disclosure

Zaldokas, Alminas; She, Guoman; Bourveau, Thomas Emile Henri
Conference paper

2016 1

Patents as substitutes for relationships

Saidi, Farzad; Zaldokas, Alminas
Conference paper

2014 6

Investor base and corporate borrowing: Evidence from international bonds

Journal of International Economics, v. 92, (1), January 2014, p. 95-110
Massa, M.; Žaldokas, A.
Article

Do Corporate Taxes Hinder Innovation?

Mukherjee, Abhiroop; Singh, Manpreet; Zaldokas, Alminas
Conference paper

Do Corporate Taxes Hinder Innovation?

Singh, Manpreet; Zaldokas, Alminas; Mukherjee, Abhiroop
Conference paper

Do Corporate Taxes Hinder Innovation?

Mukherjee, Abhiroop; Singh, Manpreet; Zaldokas, Alminas
Conference paper

Do Corporate Taxes Hinder Innovation?

Singh, Manpreet; Mukherjee, Abhiroop; Zaldokas, Alminas
Conference paper

2013 1

Credit Supply and Corporate Innovation

Journal of Financial Economics, v. 109, (3), September 2013, p. 835-855
Amore, Mario Daniele; Schneider, Cedric; Zaldokas, Alminas
Article

2012 5

Block Ownership and the Role of Reputation in the Debt Market

The 2012 American Finance Association Annual Meeting, Chicago, USA, 6-8 Jan 2012
Massimo, Massa; Alminas, Zaldokas
Conference paper

Corporate Governance and International Trade Shocks

ECCCS Corporate Governance Workshop, Nice, France, 12-13 Mar 2012
Amore, Mario; Zaldokas, Alminas
Conference paper

Credit Supply and Corporate Innovation

Amore, Mario; Schneider, Cedric; Zaldokas, Alminas
Conference paper

Credit Supply and Corporate Innovation

Mario, Daniele Amore; Cedric, Schneider; Alminas, Zaldokas
Conference paper

Informal Pyramics and Debt

AFA Meetings, Chicago, Jan 6-8, 2012
Massa, Massimo; Zaldokas, Alminas
Conference paper

2011 2

Corporate Governance and International Trade Shocks

European Economic Associatin & Econometric Society 2011 Parallel Meetings, Oslo, Norway, 25-29 Aug 2011
Mario, Daniele Amore; Alminas, Zaldokas
Conference paper

Investor Base and Corporate Borrowing Policy: Evidence from International Bonds

38th Annual Meetings of the European Finance Association, Stockholm, Sweden, 17-20 Aug 2011
Massimo, Massa; Alminas, Zaldokas
Conference paper

Teaching Assignment

2022-23 Spring 4 2022-23 Winter 0 2022-23 Fall 6 2021-22 Summer 2 2021-22 Spring 3 2021-22 Winter 0

EMBA5630	Managerial Finance II
GFIN5050	Applied Corporate Finance and Valuation
UROP1100I	Undergraduate Research Opportunities Series 1
UROP2100I	Undergraduate Research Opportunities Series 2

EMBA5630	Managerial Finance II
FINA3303	Intermediate Corporate Finance
FINA5120	Corporate Finance
GFIN6980	Integrative Project in Global Finance
UROP1100H	Undergraduate Research Opportunities Series 1
UROP2100H	Undergraduate Research Opportunities Series 2

IMBA6970B	Independent Study
UROP1100G	Undergraduate Research Opportunities Series 1

GFIN5050	Applied Corporate Finance and Valuation
UROP1100F	Undergraduate Research Opportunities Series 1
UROP3100F	Undergraduate Research Opportunities Series 3

No Teaching Assignments

Research Postgraduate (RPG) Supervision

From January 2020 to December 2023 (As of 31 May 2023)

All Supervisions Current RPGs Graduated RPGs

Current RPGs

Doctor of Philosophy

ZHAO, Xiao (co-supervision)
Finance

Graduated RPGs

Master of Philosophy

GUPTA, Hardik
Finance( Completed in 2022 )

Projects

From January 2021 to December 2023

All Projects 2 Leading Projects 1 Participating Projects 1

Developing Hong Kong as a Global Green Finance Centre

發展香港成為全球的綠色金融中心 Participating

RGC - Theme-based Research Scheme
Project Team (HKUST)
ZHANG Chu (Lead)

CHAN Keith

CHEN Zhanhui

CHENG Jack Chin Pang

DELINA Laurence Laurencio

FUNG Jimmy Chi Hung

HUANG Allen Hao

HUI Kai Lung

IM Eun Soon

LAFON-VINAIS Veronique J A

LAU Alexis Kai Hon

LI Yingying

LOH Kung Wai Christine

MUKHERJEE Abhiroop

PANAYOTOV George Kamenov

PARK Albert Francis

QI Ye

SHI Xiaoming

STEUER Benjamin

TAM Kar Yan

ZALDOKAS Alminas
2022 -
Firms' Economic Centrality Dynamics

企業經濟中心性動態 Leading

RGC - General Research Fund
Project Team (HKUST)
ZALDOKAS Alminas (Lead)
2021 -

Research Interest

Publications

2023 2

2022 19

2021 18

2020 5

2019 16

2018 16

2017 9

2016 1

2014 6

2013 1

2012 5

2011 2

Conference paper 2

Article 1

Conference paper 18

Article 1

Conference paper 17

Article 1

Conference paper 4

Article 1

Conference paper 15

Article 1

Conference paper 15

Article 2

Conference paper 7

Conference paper 1

Article 1

Conference paper 5

Article 1

Conference paper 5

Conference paper 2

2017 9

2016 1

2014 6

2013 1

2012 5

2011 2

Teaching Assignment

Research Postgraduate (RPG) Supervision

From January 2020 to December 2023 (As of 31 May 2023)

Current RPGs

Graduated RPGs

Projects

From January 2021 to December 2023

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