Sergey Barabanov

Associate Professor, Finance

2115 Summit Ave
McNeely Hall 310
St. Paul, MN 55105

B.A., Business Administration, Finance, Washington State University
M.B.A., Concentration in Investments and Portfolio Management, Washington State University
M.S., International Economics & Management, University of Maryland / Far Eastern National University
Ph.D., Finance, Washington State University

See publications in UST Research Online

Sergey Barabanov's research and teaching interests include institutional investors, investor behavior, asset pricing, hedge funds, portfolio management and information asymmetry. He has received numerous recognitions and awards for his work and has published and presented his research in international and national journals and at conferences. Barabanov has extensive business experience, having served as a CFO, controller, accountant-in-chief and a business consultant for several international firms and government agencies. He earned his M.S. and B.S. in international economics and management at the University of Maryland and Far Eastern National University in Russia, and a B.A., M.B.A. and Ph.D. in finance from Washington State University.

Fall 2017 Courses
Fall 2017 Courses
Crs - Sec Title Days Time Location
J-Term 2018 Courses
J-Term 2018 Courses
Crs - Sec Title Days Time Location
Spring 2018 Courses
Spring 2018 Courses
Crs - Sec Title Days Time Location
FINC 325 - 01 Investments M - W - - - - 1335 - 1510 MCH 118
Description of course Investments : CRN: 21838 4 Credit Hours
The focus of this course is to provide an overview of investment concepts and an exposure to a broad range of investment alternatives. The principle concern of the course is to develop skills necessary to make prudent investment decisions. FINC 321, ACCT 215 (or AACSC 320 for actuarial majors) and MATH 109 or 111 or 113 (may be taken concurrently), and CISC 200 (may be taken concurrently, does not apply to students in catalog years before the 2012-2014 catalog)
Schedule Details
Location Time Day(s)
FINC 325 - 03 Investments - - W - - - - 1730 - 2115 MCH 114
Description of course Investments : CRN: 21839 4 Credit Hours
The focus of this course is to provide an overview of investment concepts and an exposure to a broad range of investment alternatives. The principle concern of the course is to develop skills necessary to make prudent investment decisions. FINC 321, ACCT 215 (or AACSC 320 for actuarial majors) and MATH 109 or 111 or 113 (may be taken concurrently), and CISC 200 (may be taken concurrently, does not apply to students in catalog years before the 2012-2014 catalog)
Schedule Details
Location Time Day(s)
FINC 442 - 01 Fixed Income Securities M - W - - - - 1525 - 1700 MCH 118
Description of course Fixed Income Securities : CRN: 21845 4 Credit Hours
This mathematically-oriented course provides extensive coverage of a wide range of fixed income securities, investment strategies and the interest rate environment. General determinants of value on standard instruments and analysis of the newer instruments including zeroes, mortgages derivatives, interest rate swaps, and structured notes will be covered. Necessary mathematical concepts covered in this course will include stochastic calculus and differential calculus. Prerequisites: FINC 325, MATH 109 or 111 or 113, and BETH 301
Schedule Details
Location Time Day(s)
Academic and Professional Positions
  • Associate Professor, University of St. Thomas, St. Paul / Minneapolis (2009 - present)
  • Assistant Professor, University of St. Thomas, St. Paul / Minneapolis (2002 - 2009)
  • Instructor - Finance Department, Washington State University, (1997 - 2001)
  • Research Assistant, Washington State University, (1997 - 2001)
  • Financial Director and CFO, Project Aid Inc., (1999 - 2001)
  • Staff Consultant, Deloitte Touche Tohmatsu International, (1995 - 1997)
  • Chief Accountant and Financial Manager, Deloitte Touche Tohmatsu International and United States Agency for International Development, Vladivostok (1995 - 1996)
  • Staff Consultant and Interpreter, International Executive Service Corps, (1994 - 1994)
  • Executive Assistant to President and Consultant, Dalreo, Inc., (1991 - 1994)

Professional Memberships
  • AFA - American Finance Association
  • FMA - Financial Management Association
  • WFA - Western Finance Association

Professional Service
  • FMA-Financial Management Association,
  • FMA-Financial Management Association, Reviewer
  • Midwest Finance Association, Reviewer
  • Social Sciences and Humanities Research Council of Canada, Reviewer

Publications
  • Danielson, R., Barabanov, S. S., Schweers, J. R., & Sullivan, M. F. (2014). Optimizing portfolios with allocations to insured death benefit: A proposed methodology for evaluation. Journal of Investing, (23)(2), pp. 16-27
  • Barabanov, S. S., Ozocak, O., Pukthuanthong, K., & Walker, T. J. (2013). Underwriters and broken Chinese wall: Institutional holdings and post-IPO securities litigation. Journal of Financial Research, (36)(4), pp. 543-578
  • Barabanov, S. S., Ozocak, O., Turtle, H., & Walker, T. (2008). Institutional investors and shareholder litigation. Financial Management, (37)(2), pp. 227-250
  • Barabanov, S. S., & Avdeyeva, T. V. (2007). Adopting a theoretical framework for teaching finance: A Vygotskian perspective. Advances in Financial Education, (5), pp. 62-76
  • Walker, T., Thiengtham, D., Ozocak, O., & Barabanov, S. S. (2007). The role of indemnification agreements and legal liability in railroad disasters: A financial market perspective. International Journal of Managerial Finance, (3)(4), pp. 338-359
  • Walker, T. J., Pakthuanthong, K., & Barabanov, S. S. (2006). On the stock market's reaction to major railroad accidents: an empirical analysis. (45)(5), pp. 23-39

Books and Chapters
  • Barabanov, S. S. (2008). International Encyclopedia of the Social Sciences Vol 4, 2nd ed. In William A. Darity, Jr. (Ed.), Investors, institutional (pp. 135-137). Detroit, MI: Macmillan Reference

Research Interests
  • Corporate Finance
  • Derivatives
  • Economic Markets - Domestic
  • Economic Markets - International
  • Governance
  • Initial Public Offerings (IPOs)
  • Personal Finance
  • Public Finance
  • Risk Management
  • Valuations
  • Hedge Funds
  • Institutional Investors
  • Security Litigation

Awards and Honors
  • Diplomas of All-Russian Academic Olympiads, 1990
  • Diplomas of All-Russian Student Scientific Conferences, Moscow Physics Technical Institute, 1990
  • Gold Medal for Academic Excellence, Russian Federation, 1990
  • Graduated with Excellency, Far Eastern National University, 1996
  • Outstanding Paper Award at the Literati Network Awards for Excellence, 2008

Presentations
  • "Future Earth" European Space Agency, Paris, France, July 01, 2015
  • "Behavioral finance: Latest theory and practice" CFA Society of Minnesota, Minneapolis, Minnesota, March 01, 2015
  • "Life insurance in institutional portfolios" Center for Sustainable Enterprise, Concordia University, Montreal, Canada, October 01, 2014
  • "Can a market neutral investment strategy be a substitute for fixed income?" Multinational Finance Society Conference, Prague, Czech Republic, July 01, 2014
  • "Optimizing portfolios with allocations to insured death benefit: A proposed methodology for evaluation" Bumberg University, Germany, July 01, 2014
  • "Life Insurance in Institutional Portfolios" OCB Faculty Research Symposium, Minneapolis, Minnesota, April 01, 2014
  • "Mergers and Acquisitions" Minnesota Association of Finance Professionals, Minneapolis, Minnesota, March 01, 2014
  • "Institutional investors and post-litigation security returns" Midwest Finance Association, Orlando, Florida, March 01, 2014
  • "Optimizing portfolios with allocations to insured death benefit: A proposed methodology" Credit Risk Evaluation Designed for Institutional Targeting in Finance- CREDIT - Risk, Regulation, and Opportunities in Increasingly Interconnected World, Venice, Italy, September 01, 2013
  • "Underwriters and broken Chinese walls" World Finance Conference, Cyprus, July 01, 2013
  • "Institutional investors and shareholder litigation in new public companies: Do underwriters have an information advantage?" University of Passau, Germany, March 01, 2011
  • "Institutional investors and shareholder litigation in new public companies: Do underwriters have an information advantage?" University of Passau, Germany, March 01, 2011
  • "Do underwriters have an information advantage? Evidence from institutional investor holdings around IPO-related securities class action announcements" Campus for Finance Conference, Wissenschaftliche Hochschule für Unternehmensforschung (WHU), Vallendar, Germany, January 01, 2011
  • "Institutional investors and shareholder litigation in new public companies: Do underwriters have an information advantage?" University of Bamberg, Germany, November 01, 2010
  • "Institutional investors and shareholder litigation in new public companies: Do underwriters have an information advantage?" University of Bamberg, Germany, November 01, 2010
  • "Do underwriters have an information advantage? Evidence from institutional investor holdings around IPO-related securities class action announcements" University of Mannheim, Mannheim, Germany, May 01, 2008
  • "Do underwriters have an information advantage? Evidence from institutional investor holdings around IPO-related securities class action announcements" German Finance Association, Munster, Germany, May 01, 2008
  • "Do underwriters have an information advantage? Evidence from institutional investor holdings around IPO-related securities class action announcements" University of Mannheim, Mannheim, Germany, May 01, 2008
  • "Do underwriters have an information advantage? Evidence from institutional investor holdings around IPO-related securities class action announcements" German Finance Association, Munster, Germany, May 01, 2008
  • "Do underwriters have an information advantage? Evidence from institutional investor holdings around IPO-related securities class action announcements" Midwest Finance Association, San Antonio, Texas, February 01, 2008
  • "Do underwriters have an information advantage? Evidence from institutional investor holdings around IPO-related securities class action announcements" American Society of Business & Behavioral Sciences, Las Vegas, NV, February 01, 2008
  • "Do underwriters have an information advantage? Evidence from institutional investor holdings around IPO-related securities class action announcements" American Society of Business & Behavioral Sciences, Las Vegas, NV, February 01, 2008
  • "Institutional investors and shareholder litigation" WFA - Western Finance Association, Big Sky, Montana, June 01, 2007
  • "Institutional investors and shareholder litigation in new public companies: Do underwriters have an information advantage?" FMA-Financial Management Association, Orlando, Florida, January 01, 2007
  • "Institutions, underwriters, shareholder litigation and information asymmetry in new public companies" Southwestern Finance Association, San Diego, California, January 01, 2007
  • "Market perception of information asymmetry and ownership by different types of institutions" Southwestern Finance Association, San Diego, California, January 01, 2007
  • "Do underwriters have an information advantage? Evidence from institutional investor holdings around IPO-related securities class action announcements" Southern Finance Association, Charleston, SC, January 01, 2007
  • "Institutional investors and shareholder litigation" Hawaii International Conference on Business, Honolulu, HA, January 01, 2007
  • "An analysis of a market neutral strategy: Can it be superior to equities?" Midwest Finance Association, Minneapolis, Minnesota, January 01, 2007
  • "Do underwriters have an information advantage? Evidence from institutional investor holdings around IPO-related securities class action announcements" Southern Finance Association, Charleston, SC, January 01, 2007
  • "Benefit once, benefit twice: Institutions with concentrated positions and shareholders litigation" COB Research Seminar, Minneapolis, MN, October 01, 2006
  • "On the stock market reaction to major railroad accidents: An empirical analysis" FMA-Financial Management Association, Salt Lake City, Utah, January 01, 2006
  • "Institutional investors and shareholder litigation" Financial Management Association, Salt Lake City, UT, January 01, 2006
  • "Adopting a theoretical framework for teaching finance: A Vygotskian perspective" Hawaii International Conference on Business, Honolulu, Hawaii, January 01, 2006
  • "Market perception of information asymmetry: Concentration of ownership by different types of institutions, bid-ask spreads and returns" Hawaii International Conference on Business, Honolulu, HA, January 01, 2006
  • "Market neutral investment strategy: Can it be a substitute for fixed income" Southern Finance Association, Destin, FL, January 01, 2006
  • "Can a market neutral investment strategy be a substitute for fixed income?" COB Research Seminar, Minneapolis, MN, April 01, 2005
  • "Information advantages among institutional investors" Midwest Finance Association, Milwaukee, Wisconsin, March 01, 2005
  • "Institutions, underwriters, shareholder litigation in new public companies: Do underwriters have an information advantage?" Eastern Finance Association, Norfolk, VA, January 01, 2005
  • "Institutions, underwriters, shareholder litigation in new public companies: Do underwriters have an information advantage?" Optimization Days Conference organized by the Groupe d'Etudes et de Recherche en Analyse des Decisions (GERAD) and HEC, Montreal. Canada, January 01, 2005
  • "Market Neutral Investment Strategy: Can It Be a Substitute for Fixed Income?" FMA-Financial Management Association, New Orleans, Louisiana, October 01, 2004
  • "Information Asymmetries and Securities Litigation in the IPO Aftermarket: Do Underwriters Have an Information Advantage" Northern Finance Association, NF, Canada, September 01, 2004
  • "'Institutional Ownership and Information Asymmetry'" COB Research seminar, Minneapolis, MN, February 01, 2004
  • "The Impact of Institutional Ownership on Post-IPO Performance and Litigation Activity" Southern Finance Association, Charleston, North Carolina, December 01, 2003
  • "On the Market Perception of Information Asymmetry: How does the Market React to Litigation Announcements and Post-IPO Price Adjustments in Relation to the Ownership by Different Types of Institutional Investors" FMA-Financial Management Association, Denver, Colorado, October 01, 2003
  • "Concentration of Ownership by Different Types of Institutions and Bid-Ask Spread" Northern Finance Association, Banff, Alberta, Canada, September 01, 2002
  • "'Institutional Ownership, Concentration, Bid-Ask Spreads and Returns on NASDAQ Stocks'" Southern Finance Association, Key West, FL, January 01, 2002