Vadym Volosovych
VOLOSOVYCH [AT] ESE.EUR.NL
ADDRESS: Erasmus University Rotterdam, Erasmus School of Economics, E2-31, PO Box 1738, 3000 DR Rotterdam, the Netherlands
PHONE: +31 10 408-1286|+31 10 408-1285 (secretariat)
LINKEDIN: www.linkedin.com/in/volosovych
RESEARCH: ORCID IDEAS EconPapers SSRN GoogleScholar
Associate Professor of International Finance, Erasmus School of Economics, Erasmus University Rotterdam | Manager of the Economics bachelor programs at ESE | Research Fellow of Tinbergen Institute | PhD coordinator, Finance Group (ESE) | Associate Editor, Visnyk of the National Bank of Ukraine
Research interests/Advising
Firm organization and performance: firm productivity, competitiveness, activities of multinationals
Corporate finance: private equity, leveraged buyouts, institutional investors.
International finance: international investments; financial side of economic integration; micro and macro aspects of economic fluctuations; history of globalization.
Selected work
On private equity...
Private Equity as Strategic Buyers (with Dyaran S. Bansraj and Han T.J. Smit), Tinbergen Institute Discussion Paper no. 20-041/IV
On firm performance
Quantifying Productivity Gains from Foreign Investment (with Christian Fons-Rosen, Sebnem Kalemli-Ozcan, Bent Sorensen, and Carolina Villegas-Sanchez), Journal of International Economics, 2021, vol. 131, 103456
On banking
Corporate Acquisitions and Bank Relationships (with Steven Poelhekke and Razvan Vlahu), Tinbergen Institute Discussion Paper Series, Discussion Paper no. 21-082/IV
On international investments
Sovereigns, Upstream Capital Flows and Global Imbalances (with Laura Alfaro and Sebnem Kalemli-Ozcan), Journal of European Economic Association, 2014, vol. 12, iss. 5, 1240-1284
Research Papers & work in progress
Private Equity as Strategic Buyers (with Dyaran S. Bansraj and Han T.J. Smit)
Latest draft (Sept '22)
Tinbergen Institute Discussion Paper Series, Discussion Paper no. 20-041/IV
Corporate Acquisitions and Bank Relationships (with Steven Poelhekke and Razvan Vlahu), revise and resubmit, Management Science
Latest draft (Oct '23)
Tinbergen Institute Discussion Paper Series, Discussion Paper no. 21-082/IV
De Nederlandsche Bank Working Paper No. 726
Foreign Investment and Domestic Productivity: Identifying Knowledge Spillovers and Competition Effects (with Christian Fons-Rosen, Sebnem Kalemli-Ozcan, Bent Sorensen, and Carolina Villegas-Sanchez)
NBER Working Paper Series, Working Paper No. 23643
Tinbergen Institute Discussion Paper Series, Discussion Paper no. 17-078/IV
Publications (Refereed Journals)
How to Construct Nationally Representative Firm Level Data from the Orbis Global Database: New Facts on SMEs and Aggregate Implications for Industry Concentration (with Sebnem Kalemli-Ozcan, Bent Sorensen, Carolina Villegas-Sanchez, and Sevcan Yesiltas), American Economic Journal: Macroeconomics, 2024, vol. 16, iss. 2, 353-74. DOI: 10.1257/mac.20220036
NBER Working Paper Series, Working Paper No. 21558
Tinbergen Institute Discussion Paper Series, Discussion Paper no. 15-110/IV
A Guide to Process Historical Data. This manual, written with my involvement, explains processing of the Orbis Historic product delivered by BvD. Orbis Historic is a new version of Orbis data packaged by BvD as the panel of financials, ownership and other data.
Quantifying Productivity Gains from Foreign Investment (with Christian Fons-Rosen, Sebnem Kalemli-Ozcan, Bent Sorensen, and Carolina Villegas-Sanchez), Journal of International Economics, 2021, vol. 131, 103456
NBER Working Paper Series, Working Paper No. 18920
Tinbergen Institute Discussion Paper Series, Discussion Paper no. 13-058/IV
Featured in VoxEU.org on 4 June 2013; Bloomberg; Businessweek
Deep Financial Integration and Volatility (with Sebnem Kalemli-Ozcan and Bent Sorensen), Journal of European Economic Association, 2014, vol. 12, iss. 6, 1558-1585.
Final version; Online Appendix; link to journal; public data and codes
NBER Working Paper Series, Working Paper no. 15900
Sovereigns, Upstream Capital Flows and Global Imbalances (with Laura Alfaro and Sebnem Kalemli-Ozcan), Journal of European Economic Association, 2014, vol. 12, iss. 5, 1240-1284. Final version; Online Appendix; link to journal; public data and codes
Featured in VoxEU.org on 29 October 2011
Guest contribution on EconBrowser.com on 21 May 2014
Learning About Financial Market Integration from Principal Components Analysis, CESifo Economic Studies, 2013, vol. 59, iss. 2, 360-391.
Risk Sharing from International Factor Income: Explaining Cross-Country Differences, Applied Economics, 2013, vol. 45, iss. 11, 1435-1459.
Financial Market Integration Over the Long Run: Is there a U-shape? Journal of International Money and Finance, November 2011, vol. 30, Iss. 7, 1535-1561.
Tinbergen Institute Discussion Paper Series, Discussion Paper no. 11-018/2
Gains from Financial Integration in the European Union: Evidence for New and Old Members (with Yuliya Demyanyk). Journal of International Money and Finance, March 2008, vol. 27, iss. 2, 277–294
Why Doesn't Capital Flow From Rich To Poor Countries: An Empirical Investigation (with Laura Alfaro and Sebnem Kalemli-Ozcan). Review of Economics and Statistics, May 2008, vol 90, iss. 2, 347–368.
NBER Working Paper Series, Working Paper no. 11901
other Research output
PUBLICATIONS (CHAPTERS)
Capital Flows in a Globalized World: The Role of Policies and Institutions (with Laura Alfaro and Sebnem Kalemli-Ozcan). In: Edwards, S. (Ed.), Capital Controls and Capital Flows in Emerging Economies: Policies, Practices and Consequences. 2007. The University of Chicago Press, Chicago.
NBER Working Paper Series, Working Paper no. 11696
The Feasibility Of Monetary Targeting In Ukraine. In: von Cramon-Taubadel, S., Akimova, I. (Eds.), Fostering Sustainable Economic Growth in Ukraine. 2002. Physica-Verlag, Heidelberg
OTHER PUBLICATIONS
Building Value. Is value creation in buy-and-builds principally from multiple arbitrage? (with Dyaran S. Bansraj and Han T.J. Smit), Private Equity Findings, Coller Research Institute, iss. 17, 2021, 6-9 (lead article).
Methodology report for the second phase of the KETs Observatory (with Mark Lengton, Kristina Dervojeda, and Anton Koonstra), European Union, June 2017. Available at https://ec.europa.eu/growth/tools-databases/kets-tools/kets-observatory/methodology
Gains from Risk-Sharing in the EU (with Yulia Demyanyk), Beyond Transition, vol.18, iss.1, Jan-Mar 2007.
Is there an Investment Crisis in Ukraine? Conference proceedings of The 12th Ukrainian-German Symposium, 2001. Kyiv.
links
sovereign-to-sovereign-flows.com International capital flows database by Alfaro, Kalemli-Ozcan & Volosovych
The external wealth of nations database by G.M. Milesi-Ferretti and P. Lane
NON-WORK
In my free time, I am training the young children (up to 13 years old) in competitive swimming at Swimming and Polo Club Rotterdam (Zwemmen en Waterpolo Club in Rotterdam, ZPC Rotterdam). We are looking for the new members and enthusiastic volunteer trainers who can help 1-2 days a week in the evening.
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