Professor
An expert in US and international stock markets, institutional and individual investors, investment banking and behavioral finance.
Get in touchAndrei Simonov is Professor of Finance at Michigan State University, a CEPR Research Fellow in the Financial Economics program, Scientific Director of Research Center for Empirical Finance at Gaidar Institute for Economic Policy (Moscow, Russia), and a Research Associate in Stockholm International Corporate Governance Institute. He received Ph.D. in Finance from European Institute of Business Administration ( INSEAD, 2000). He also holds Ph.D. in Theoretical Physics from Moscow State University. ... His research interests include asset pricing, individual portfolio decision and behavioral finance. Andrei is recipient of several grants and awards. He was awarded EFA/LECG Prize for best paper in Behavioral Finance, Iddo Sarnat Memorial Award and was one of the winners of BSI Gamma Foundation Research Competition. His work is regularly presented at leading finance conferences including American Economic Association, American Finance Association, Western Finance Association, European Finance Association, CEPR and NBER meetings. His publications appear in leading Finance and Management journals including, among others, Journal of Finance, Review of Financial Studies, Journal of Financial Economics, Review of Finance, and Management Science. His research has been covered extensively in the popular press, including, among others, The Wall Street Journal, The Times of London, The Economist, Atlantic Monthly, The Guardian, Globe and Mail, and Dow Jones Market Watch. He serves on Editorial Boards of Management Science, Financial Management, Journal of Empirical Finance, and Russian Economic Journal. At MSU, he is Academic Director of Financial Markets Institute.
Read MoreMoscow State University: Ph.D., Theoretical Physics | 1991
INSEAD: Ph.D., Finance | 2000
Moscow State University: M.S., Physics | 1988
The Motley Fool | 2021-07-07
The proposed scam investments share one unique characteristic: they all appeal to greed. They promise unrealistically high rates of returns fast. Many scammers explain that such returns are achieved because the company, investment, or cryptocoin invents or uses new technology or because "we live through the technology revolution." Often, scammers refer to the high performance of "similar" companies or instruments (like Bitcoin), hiding the downside or extreme volatility.
The Economist | 2018-08-23
A paper, published in 2003, by James Poterba of the Massachusetts Institute of Technology discovered that an average of more than 40% of the value of the 20 largest company-pension plans in America was invested in the firm’s own shares. The dangers of such a strategy had recently become apparent. When Enron failed, its employees had over 60% of their retirement savings in company stock. Another study based on Swedish data by Massimo Massa, of INSEAD, and Andrei Simonov, now of Michigan State University, also found that households tend to invest in stocks that are closely related to their employment income.
The Detroit News | 2018-05-11
Andrei Simonov, a finance department professor at Michigan State University, said blind trusts are typically used to manage personal financial assets or private equities. It’s more rare to place personal property in a blind trust, he said. [...]
Gizmodo | 2018-01-10
“Overall, it’s a very good finding,” Andrei Simonov, a professor at Michigan State University who researches behavioral finance and who is unaffiliated with the research, tells me. “The big problem is that the growth of a stock is extremely difficult to predict. Who will be the next Google? Who knows.” [...]