Education
London School of Economics, PhD in Finance, 2016
New Economic School, MA in Economics, 2011
Moscow State University, MSc (BSc) in Physics,
2010 (2008)
Employment
INSEAD, Assistant Professor of Finance,
2016-present
Affiliations
CEPR, research affiliate from January 2024
Finance Theory Group, member from May 2022
Research Interests
Asset Pricing, Information Economics, Market Microstructure
Publications
Working Papers
Conferences and Seminars
Invited presentations are highlighted in bold. Conference discussions are listed separately.
c=conference presentations by
co-authors. x=conference canceled due to COVID-19.
2024: American Finance Association Meeting
2023: University of Essex, University of South Florida, LTI Asset Pricing Conference in Turin, INSEAD Finance Symposium, Finance Theory Group Meeting at UW-Madison, Finance Theory Group Meeting at Michigan Ross (short session, c), Western Finance Association Meeting (c)
2022: New Economic School 30th Anniversary Conference, American Finance Association Meeting (c)
2021: École Polytechnique Fédérale de Lausanne, Collegio Carlo Alberto
2020: American Finance Association Meeting, Financial Intermediation Research Society Meeting, Texas Finance Festival (x), Society for Financial Studies Cavalcade Conference (c), Western Finance Association Meeting (c)
2019: Financial Intermediation Research Society Meeting, Finance Theory Group European Meeting in Madrid, Paris December Meeting, Wellington Finance Summit (c)
2018: Alberta School of
Business, HEC-McGill Winter Finance Workshop, European Finance Association Meeting, INSEAD Finance Symposium, Adam
Smith Workshop (c), Western Finance Association Meeting (c), European Capital
Markets Workshop (c), Frontiers of Finance (c), Tel Aviv University Finance Conference (c)
2017: European Winter Finance Summit, Paul Woolley
Centre Conference, Finance Theory Group European Meeting in London (short session), INSEAD Finance Symposium,
Western Finance Association Meeting, New Economic School 25th Anniversary Conference
2016: University of Toronto (Economics), HEC Montreal,
McGill, INSEAD, Northwestern Kellogg, Society for Financial Studies Cavalcade Conference, Northern Finance Association Meeting
2015: Econometric Society World Congress
2014: LBS Trans-Atlantic Doctoral Conference,
Econometric Society European Meeting
2013: Annual Meeting of European Financial
Management Association
Teaching Experience and Case Writing
INSEAD Corporate
Financial Policy (MBA, 2017 - present), Continuous Time Finance
(PhD, 2018 - present)
Co-wrote the case "Square Inc's Valuation in 2014" with Lily Fang and John Kuong
Refereeing
Econometrica, American Economic Review, Review of Economic Studies, Journal of Finance, Review of Financial
Studies, Journal of Financial Economics, Journal of Economic Theory, AEJ: Micro, Management Science, Review of Asset Pricing Studies, Journal of Financial and Quantitative Analysis
Conference Discussions
Market Power in the Securities Lending Market, by Shuaiyu Chen, Ron Kaniel, and Christian C. Opp, 2023 Society for Financial Studies Cavalcade Conference
Price Discovery for Derivatives, by Christian Keller and Michael Tseng, 2023 HEC-McGill Winter Finance Workshop
A Long and a Short Leg Make For a Wobbly
Equilibrium, by Nicolae Garleanu, Stavros Panageas, and Geoffery Zheng, 2023 INSEAD Finance Symposium
How Competitive is the Stock Market?, by Valentin Haddad, Paul Huebner, and Erik Loualiche, 2022 HEC-CEPR conference
The Impossibility of Krusell-Smith Equilibria, by Tobias Broer, Alexandre N. Kohlhas, Kurt Mitman, and Kathrin Schlafmann, 2021 JEDC Conference on Markets and Economies with Information Frictions
Benchmarking Intensity, by Anna Pavlova and Taisiya Sikorskaya, 2021 INSEAD Finance Symposium
Market Feedback: Who Learns What?, by Itay Goldstein, Jan Schneemeier, and Liyan Yang, 2020 INSEAD Finance Symposium
Carrot and Stick: A Risk-Sharing Rationale for Fulcrum Fees in Active Fund Management, by Juan Sotes-Paladino and Fernando Zapatero, 2020 Paris Dauphine Hedge Fund Research Conference
Inventory Management, Dealers' Connections, and Prices in OTC Markets, by Jean-Edouard Colliard, Thierry Foucault, and Peter Hoffmann, 2019 Erasmus Liquidity Conference
Up-Cascaded Wisdom of the Crowd, by Lin William Cong and Yizhou Xiao, 2018 European Finance Association Meeting
Private Information, Securities Lending, and Asset Prices, by Mahdi Nezafat and Mark Schroder, 2018 European Finance Association Meeting
Dynamic Liquidity-Based Security Design, by Emre Ozdenoren, Kathy Yuan, and Shengxing Zhang, 2018 INSEAD Finance Symposium
The Value of Performance Signals Under Contracting Constraints, by Pierre Chaigneau and Alex Edmans, 2017 Northern Finance Association Meeting
Information, Imperfect Competition, and Volatility, by Mahdi Nezafat and Mark Schroder, 2016 European Finance Association Meeting
Awards and Grants
Grant from Europlace Institute of Finance for research on price formation in the foreign exchange market (in collaboration with Semyon Malamud and Alberto Teguia), 2023
INSEAD Dean's Commendation for Excellence in MBA Teaching, 2021
Conference Program Committee
European Economic Association, 2023
Northern Finance Association, 2017-present
PhD Mentoring
Advisor of Nikola Kiprijanovski (ongoing)
Member of dissertation committee of Dima Pugachev (INSEAD PhD, 2023) and Dmitry Chebotarev (INSEAD PhD, 2022)
External examiner of Etienne Borocco (Paris Dauphine PhD, 2019)
Media Mentions
Bloomberg, 5 September 2017, "Lots of Liquidity Isn't Always Better"
Additional Information
Languages: Russian (native), English (fluent), French (intermediate)
Personal: Married, three kids, born in 2013, 2017, and 2021