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 liquidity shocks and how liquidity can be transferred across different markets.  He also 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.

Dr. Nikiforov has taught finance courses for the last 4 years at the University of Missouri and here at Rutgers. He taught Principles of Finance, Financial Management, Advanced Financial Management (Case Studies), Investments, and Portfolio Management.

Recent Working Papers:

“Earnings Announcement Clustering, Systematic Liquidity Shocks, and Expected Returns” with Paul Brockman (Presented at the FMA 2009 meeting)

“The impact of earnings seasons on commonality in liquidity” with Paul Brockman

“Price clustering in Bond Treasury market” with Eugene Pilotte