Denis Davydov
Yliopistonlehtori, finance
Tervahovi D344
by appointment
Background
Dr. Denis Davydov is a faculty member at the School of Accounting and Finance since 2014. His research interests are in the area of financial institutions and markets with a particular emphasis on financial intermediation and bank-firm relationship, corporate financial decision-making, capital and ownership structures, performance and behavior of banks.
Denis is a member of the Finance and Financial Accounting Research Group and co-organizer of the University of Vaasa Banking Research Workshop. He has also served as a co-manager of the Master's Degree Program in Finance in the 2019-2020 academic year.
Teaching
In addition to supervision of graduate and postgraduate students, Denis teaches the following courses on the EFMD-accredited Master's Degree Program in Finance:
- Commercial Banking (LASK3071)
- Investments (LASK3018)
- Research in Financial Analysis (LASK3015)
- Introduction to Master's Thesis Research in Finance (LASK3004)
- International Strategic Management (JOHT3003)
Denis has also supervised Bachelor's Theses and gave lectures on Principles of Finance at the Stockholm Business School of the Stockholm University. He also gives a series of lectures on Digital Banking at the Jyväskylä University School of Business and Economics.
Research
Published articles in refereed journals:
Davydov, D., Vähämaa, S. & Yasar, S. (2021). Bank liquidity creation and systemic risk. Journal of Banking & Finance Vol. 123, 106031. PDF
Davydov, D., Khrashchevskyi, I. & Peltomäki, J. (2021). Investor attention and portfolio performance: what information does it pay to pay attention to? European Journal of Finance (forthcoming). PDF
Davydov, D., Fungácová, Z. & Weill, L. (2018). Cyclicality of bank liquidity creation. Journal of International Financial Markets, Institutions & Money, Vol. 55, 81-93. PDF
Davydov, D. (2018). Does state ownership of banks matter? Russian evidence from the financial crisis. Journal of Emerging Market Finance, Vol. 17, 250-285. PDF Video
Davydov, D., Florestedt, O., Peltomäki, J. & Schön, M. (2017). Portfolio performance across genders and generations: The role of financial innovation. International Review of Financial Analysis, Vol. 50, 44-51. Abstract PDF
Davydov, D., Tikkanen, J. & Äijö, J. (2016). Magic formula vs. traditional value investment strategies in the Finnish stock market. Nordic Journal of Business, Vol. 65, 38-54. PDF
Davydov, D. (2016). Debt structure and corporate performance in Emerging Markets. Research in International Business and Finance, Vol. 38, 299-311. Abstract PDF
Davydov, D. & Swidler, S. (2016). Reading Russian tea leaves: Assessing the quality of bank financial statements with the Benford distribution. Review of Pacific Basin Financial Markets and Policies, Vol. 19, 1-20. Abstract
Davydov, D., Nikkinen, J. & Vähämaa, S. (2014). Does the decision to issue public debt affect firm valuation? Russian evidence. Emerging Markets Review, Vol. 20, 136-151. Abstract PDF
Davydov, D. & Vähämaa, S. (2013). Debt source choices and stock market performance of Russian firms during the financial crisis. Emerging Markets Review, Vol. 15, 148-159. Abstract PDF
Book chapters:
Davydov, D. & Swidler, S. (2016). Auditing bank financial statements in emerging market countries: the use of the Benford distribution in "Risk management in emerging markets: issues, framework, and modeling". Emerald, ISBN: 978-1-78635-452-5 Book Chapter
Selected working papers:
Financial stability and public confidence in banks, with L. Chernykh and J. Sihvonen PDF
Who cares about sanctions? Observations from annual reports of European firms, with J. Sihvonen and L. Solanko
Longer research visits
Clemson University, College of Business, Clemson, SC, USA - visiting researcher, November 2018; November 2019
Stockholm Business School, Stockholm University, Stockholm, Sweden - visiting researcher, August-September 2018
Bank of Finland (BOFIT), Helsinki, Finland - visiting researcher, April-May 2016; August-September 2017
Auburn University, AL, USA - visiting researcher, November 2015
Manchester Business School, University of Manchester, Manchester, UK - associate researcher, November-December 2013
Most recent invitations for presentations & discussions
Conference on China and World Economy: City University of Hong Kong, Bank of Finland, Fordham University (December 2020) (discussion)
50th Annual Conference of the Financial Management Association (October 2020) (presentation)
Bank of Finland Workshop on Finance and Politics (August 2020) (discussion)