Ph.D., University of Missouri (Columbia)
MBA, University of Missouri
M.Sc., Perm State University (Russia)
Dr. Andrei L Nikiforov studies how financial markets respond to the flow of information. Specifically, he looks into the effect of earnings seasons on the prices of stocks and bonds. According to Andrei’s research investors require extra return to hold stocks that are sensitive to the high uncertainty periods caused by the earnings seasons. In addition, he studies how liquidity shocks caused by the flow of information can be transferred across different markets. Dr. Nikiforov’s research is applied to generate abnormal returns in the options markets.
Courses Taught: Investment and Portfolio Management; Financial Management
- “Macroeconomic Announcements and Price Clustering in the U.S. Treasury Market,” with Eugene Pilotte. The Financial Review. Forthcoming, 2016
- “Fear and Greed: a Returns-Based Trading Strategy around Earnings Announcements” with Ivo Jansen. The Journal of Portfolio Management. Summer, 2016
- “Quote Activity and Round Quotes in a Voice-Brokered Bond Market” with Eugene Pilotte, Applied Economic Letters, May, 2016.
- “Finance methodology of Free Cash Flow” with Uzi Yaari, Shachomurove, and E. Kahya. Global Finance Journal, February. 2016
- “Intraday periodicity in algorithmic trading,” with John Broussard. Journal of International Financial Markets, Institutions and Money, Volume 30, May 2014, Pages 196-204