Andrey Kurbatov, NHH
e-mail: andrey.kurbatov@nhh.no | CV: link | Phone number: +47 48 46 03 14 | NHH profile | Google Scholar
I am employed as an Assistant Professor of Finance at NHH since August 2023. My research focuses on corporate governance and takeover defenses.
I received my PhD from INSEAD in June 2023. My dissertation title is "Essays on Poison pills". My job market paper studies the determinants of market reaction to a NOL pill adoption. The key result is that in presence of strong takeover defenses a NOL pill doesn't additionally entrench the management while creating shareholder value by preserving tax benefits, resulting in a more positive market reaction.
My ongoing projects include: a theoretical model of a poison pill, strategic announcement of poison pill adoption.
Papers and Work in Progress
Research papers:
Determinants of market reaction to NOL poison pill adoption, 2022 SSRN
Independent versus Collective Expertise (with Emiliano Catonini and Sergey Stepanov) - Games and Economic Behavior (2024) DOI ScienceDirect
Poison Pill Determinants, 2019
Future projects/Work in Progress:
Theoretical model of a poison pill
Strategic poison pill adoption and market timing
Between reputation and value creation: Disentangling the motives affecting fund voting choices
Teaching
Teaching Assistant: Financial Markets and Valuation (January-February 2020), Prof. Lin Shen, INSEAD, 4.54/5 rating
Teaching Assistant: Financial Markets and Valuation (January-February 2020), Prof. Federico Gavazzoni, INSEAD, 4.39/5 rating
Teaching Assistant: Financial Markets and Valuation (January-February 2019), Prof. Adrian Buss, INSEAD, 4.09/5 rating
Teaching Assistant: Corporate Finance (2016-2017), Prof. Sergey Stepanov, HSE/NES Joint BA, 4.70/5 rating
Teaching Assistant: Introduction to Computer Science (2016-2017), Prof. Elena Nabieva, HSE/NES Joint BA, 4.82/5 rating
Teaching Assistant: Introduction to Computer Science (2015-2016), Prof. Elena Nabieva, HSE/NES Joint BA
Presentations
6th Center for Corporate Finance Conference, 8 June 2023, NHH, Bergen. Paper presented: Poison pill determinants
6th HEC Paris Finance PhD Workshop, 3-4 October 2022, HEC, Paris. Paper presented: Determinants of market reaction to NOL poison pill adoption
Eighth Wharton-INSEAD Doctoral Consortium, 25-27 October 2019, UPenn, Pennsylvania. Paper presented: Poison pill determinants
Awards
Best Student Research Paper, HSE/NES Joint BA, 2017
Best Teaching Assistant, HSE/NES Joint BA, 2017