ANDREY GOLUBOV Last updated: January 2015 Cass Business School, City University London 106 Bunhill Row, London, EC1Y 8TZ, U.K. Tel: +44 (0) 20 7040 0965 Fax: +44 (0) 20 7040 8881 Mobile: +44 7979400382 E-mail: andrey.golubov.1@city.ac.uk Web: www.cass.city.ac.uk/experts/a.golubov SSRN: http://ssrn.com/author=1390870 EMPLOYMENT AND AFFILIATIONS Lecturer (Assistant Professor) in Finance Cass Business School, City University London 09/2011 – present Visiting Scholar, Stern School of Business, New York University 02/2013 – 05/2013 Graduate Teaching Assistant, Surrey Business School, University of Surrey 09/2009 – 08/2011 Ernst & Young, Audit Department 07/2008 – 09/2008 EDUCATION Ph.D. Finance, Surrey Business School, University of Surrey 09/2009 – 12/2011 - Thesis Title: “The Reputation of Economic Agents in Mergers and Acquisitions” - Postgraduate Research Student of the Year Award M.Sc. (with Distinction) International Financial Management Surrey Business School, University of Surrey 09/2008 – 09/2009 B.A. (Hons) Economics, MIRBIS Institute (Russia) (GPA 5.0/5.0) 09/2005 – 07/2008 PROFESSIONAL QUALIFICATIONS AND MEMBERSHIPS American Finance Association, European Finance Association, Financial Management Association Associate of the Higher Education Academy (U.K.) Certified Broker/Dealer, Federal Financial Markets Commission (Russia) RESEARCH PROFILE Empirical Corporate Finance: Mergers & Acquisitions, Equity Issuance, Corporate Governance, Investment Banking PUBLICATIONS IN REFEREED JOURNALS When It Pays to Pay Your Investment Banker: New Evidence on the Role of Financial Advisors in M&As (with D. Petmezas and N. G. Travlos), Journal of Finance, 67(1), 271-312, 2012 - featured on the Harvard Law School Forum on Corporate Governance and Financial Regulation (24 June 2011) covered by The Economist (21 March 2012), Financial News (28 June 2011) Extraordinary Acquirers (with A. Yawson and H. Zhang), Journal of Financial Economics, forthcoming 1 BOOK CHAPTERS Empirical M&A Research: A Review of Methods, Evidence and Managerial Implications (with D. Petmezas and N. G. Travlos), in A. Bell, C. Brooks, and M. Prokopczuk (eds.), Handbook of Research Methods and Applications in Empirical Finance (Edward Elgar, Cheltenham, U.K.), pp. 287-313, 2013 WORKING PAPERS UNDER REVIEW OR REVISION Do Stock-Financed Acquisitions Destroy Value? New Methods and Evidence (with D. Petmezas and N. G. Travlos), October 2014, conditionally accepted at the Review of Finance Governance Mandates, Outside Directors, and Acquirer Performance (with J. Dahya, D. Petmezas, and N. G. Travlos), September 2014, under review Due Diligence on the Bidder and the Certification Effect (with D. Petmezas, T. Sougiannis, and N. G. Travlos), June 2014, under review WORK IN PROGRESS Why Bidders Lose? (with Y. Amihud and G. L. DeLong) Nature vs. Nurture: Are All CEOs Born Equal? (with D. Petmezas) What Matters (Not) in Corporate Governance? (with S. Stoyanov) Valuation Uncertainty and the Pricing of M&A Deals (with S. Moeller) CONFERENCE PRESENTATIONS FMA 2013, Chicago, IL, U.S., “Extraordinary Acquirers”, presented by co-author FMA 2013, Chicago, IL, U.S., “Due Diligence on the Bidder and the Certification Effect” EFMA 2013, Reading, U.K., “Due Diligence on the Bidder and the Certification Effect” FMA 2013 (Europe), Luxembourg, “Due Diligence on the Bidder and the Certification Effect” FMA 2012 (Europe), Istanbul, Turkey, “Do-Stock-Financed M&As Destroy Value? New Methods and Evidence”, presented by co-author AAA 2011 (American Accounting Association), Denver, CO, U.S., “How Does Target Firm Auditor Reputation Affect M&As?” CRETE 2010 (Conference on Research on Economic Theory & Econometrics), Tinos, Greece, “It Pays to Pay Your Investment Banker: New Evidence on the Role of Financial Advisors in M&As”, by invitation, presented by co-author SEMINAR PRESENTATIONS 2014 – HEC Paris, Deutsche Bank, University of Reading (ICMA), University of Glasgow, University of Strathclyde, University of Liverpool, University of Sussex 2013 – University of Oklahoma (Price), City University of New York (Baruch) 2012 – Mergermarket (London, U.K.), Università Cattolica del Sacro Cuore (Milan, Italy) 2 PROFESSIONAL ACTIVITIES AND UNIVERSITY SERVICE At Cass Business School: Co-organizer, Finance Seminar Series (2012 – present), Academic Director, M&A Research Centre (2012 – present) Refereeing: J. Financial Economics, J. Financial and Quantitative Analysis, Review of Finance, Management Science, Financial Management, J. Banking & Finance, J. Accounting, Auditing and Finance, European Financial Management, European J. Finance Program reviewer/organizer: FMA 2013 (Chicago), EFMA 2014 (Rome), EFMA 2015 (Amsterdam) TEACHING EXPERIENCE Cass Business School, City University London - Corporate Finance and Valuation (MSc), latest evaluations 4.5/5.0 (class of 237) - Raising Equity Capital (MSc), latest evaluations 4.5/5.0 (class of 85) Surrey Business School, University of Surrey - TA for Foundations of Finance (MSc), Corporate Finance (MSc), Derivative Securities (MSc), Business Finance (BSc) AWARDS AND ACHIEVEMENTS The Case Centre Case Writing Scholarship, 2014 University of Surrey Postgraduate Research Student of the Year Award, 2012 City University Staff Research Prize, 2011 PhD Scholarship, School of Management, University of Surrey, 2009-2011 Best Undergraduate Final Year Project, MIRBIS Institute, 2008 Awards for Excellence in Undergraduate Studies, MIRBIS Institute, 2006, 2007 “Hope of Kuzbass” (Governor of Kemerovo Region, Russia, Medal Award for Excellence in Studies, Sport and Social Activities), 2005 Graduated from High School with Gold Medal (GPA 5.0/5.0), 2005 FLEX Alumnus (Future Leaders Exchange Program, sponsored by the U.S. Department of State), 20042005 High School Student Government Vice-President, 2004 MEDIA APPEARANCES Interview for Financial Times (FT) on Investment Climate in Russia, http://video.ft.com/v/1275914343001/Oligarch-case-raises-Russia-questions PERSONAL Languages: English – fluent, Russian – native, French – advanced 3 REFERENCES Professor Anthony Saunders John M. Schiff Professor of Finance NYU Stern School of Business Email: asaunder@nyu.stern.edu Tel: (+1) 212-998-0711 Professor Nickolaos G. Travlos Dean, Kitty Kyriacopoulos Chair in Finance ALBA Graduate Business School Email: ntravlos@alba.edu.gr Tel: (+30) 210-896-4531 (ext. 2216) Professor Jay Dahya Associate Professor of Economics and Finance Baruch College, City University of New York Email: jay.dahya@baruch.cuny.edu Tel: (+1) 646-312-3511 Professor Dimitris Petmezas Chair in Finance Surrey Business School, University of Surrey Email: d.petmezas@surrey.ac.uk Tel: (+44) 1483-686-376 4