Dr. Vladimir Kotomin CFA
Professor of Finance
Office
SFHB State Farm Hall Of Business 309
Office Hours
Fall '25: by appointment via Zoom
Office Phone
Email
- About
- Education
- Awards & Honors
- Selected Research
Biography
Google Scholar profile: https://scholar.google.com/citations?user=ltIhm8sAAAAJ&hl=en
Current Courses
FIL 241.002 Financial Markets
FIL 190.003 Finance Fundamentals and Career Choices | Syllabus
FIL 190.004 Finance Fundamentals and Career Choices | Syllabus
FIL 346.001 Fixed Income Analysis And Portfolio Management | Syllabus
FIL 287.004 Independent Study
Teaching Interests & Areas
Fundamentals of Finance, Financial Markets, Banking, Fixed Income, International Finance
Research Interests & Areas
Banking, Calendar-time seasonalities in financial markets, Institutional investors, Behavioral finance
PhD Business Administration, Finance track
University of Central Florida
Orlando, FL
MBA Concentration in Finance
University of Central Florida
Orlando, FL
BS Marketing
Kazakh State National University
Almaty, Kazakhstan
2026-2027 Hobart and Marian Gardner Hinderliter Endowed Professor
College of Business, Illinois State University
2025
(student team mentor) 3rd place in the Community Bank Case Study Competition
Conference of State Bank Supervisors
2025
2024 FIL Outstanding Research Award
Department of Finance, Insurance & Law, Illinois State University
2025
2024-2025 Dixie L. Mills Faculty Scholar in Finance
College of Business, Illinois State University
2025
2024 Best Paper in the Financial Institutions Track
Academy of Finance Annual Conference
2024
2023 Wilma Jean Alexander Technology Innovation Faculty Award
College of Business, Illinois State University
2023
2021 Outstanding Research Award
Department of Finance, Insurance & Law, Illinois State University
2022
2016-2017 Dixie L. Mills Faculty Scholar in Finance
College of Business, Illinois State University
2016
2016-2017 Outstanding Researcher Award
College of Business, Illinois State University
2016
2015 Outstanding Service Award
Department of Finance, Insurance & Law, Illinois State University
2016
2015-2016 Country Financial Scholar
College of Business, Illinois State University
2015
2014-2015 Country Financial Scholar
College of Business, Illinois State University
2014
Department Chair Faculty Scholar
Department of Finance, Insurance & Law, Illinois State University
2014
Outstanding Research Award
Department of Finance, Insurance & Law, Illinois State University
2012
Excellence in Service Learning Award
University of Wisconsin - Eau Claire
2010
Grants and Contracts
Noncovered nonperforming loans and bank failures (original title)
Vladimir Kotomin.
ISU URG. 2020 - 2020
Deposit Flow Seasonalities and the January Effect in Retail Deposit Rates (original title)
Vladimir Kotomin.
ISU URG. 2019 - 2019
The Impact of Gains and Losses on Individuals' Selling Decisions: Relative Magnitudes, Holding Periods, and Tax Incentives (original title)
Vladimir Kotomin, Abhishek Varma.
ISU URG. 2013 - 2013
Book, Authored
Fundamentals of Finance
Vladimir Kotomin.
(2021), Top Hat
Book, Chapter
Bond Markets
Vladimir Kotomin.
(2012), Financial Institutions, Markets, and Money, 11e., by Kidwell, Blackwell, Whidbee and Sias, John Wiley and Sons
Money Markets
Vladimir Kotomin.
(2012), Financial Institutions, Markets, and Money, 11e., by Kidwell, Blackwell, Whidbee and Sias, John Wiley and Sons
Liquidity Issues in the Money Markets
Mark D. Griffiths, Vladimir Kotomin, Drew B. Winters.
(2008), 43-58, Stock Market Liquidity, John Wiley and Sons
Journal Article
Debiasing Recency: Evidence from Individual Investor Stock Sales
Vladimir Kotomin, Abhishek Varma.
Journal of Behavioral Finance, (2025), https://doi.org/10.1080/15427560.2025.2485461
Deposit Flows and the January Effect in Deposit Rates
Vladimir Kotomin, Artem Meshcheryakov.
Journal of Financial Research, 48 (3), 1278-1314, (2025), https://onlinelibrary.wiley.com/doi/epdf/10.1111/jfir.12430
Forgive me not? Racial and Institutional Disparities in the Paycheck Protection Program Loan Forgiveness
Vladimir Kotomin, Wyatt Frere, Ruby Morr.
Small Business Economics, 64 (3), 1433-1461, (2025), https://link.springer.com/article/10.1007/s11187-024-00952-w
Do Large Losses Loom Larger than Gains? Salience, Holding Periods, and the Disposition Effect
Vladimir Kotomin, Abhishek Varma.
Financial Review, 57 (2), 397-427, (2022), https://doi.org/10.1111/fire.12288
Risk-based Deposit Insurance, Deposit Rates and Bank Failures: Evidence from Russia
Lucy Chernykh, Vladimir Kotomin.
Journal Of Banking And Finance, 138, 13 pages, (2022), doi.org/10.1016/j.jbankfin.2022.106483
The Clientele Effect around the Turn of the Year: Evidence from the Bond Markets
Vladimir Kotomin.
Journal Of Economics and Finance, 45 (4), 637-653, (2021), https://doi.org/10.1007/s12197-021-09550-y
A Tale of Two SMIPs: Equity and Fixed Income
Thomas Howe, Vladimir Kotomin, Min-Yu Liao, Abhishek Varma.
Managerial Finance, 46 (5), 636-646, (2020)
Mutual funds' soft dollar arrangements: Determinants, impact on shareholder wealth, and relation to governance
Yaman Ö. Erzurumlu, Vladimir Kotomin.
Journal Of Financial Services Research, 50 (1), 90-119, (2016), 10.1007/s10693-015-0222-1
Benefits of Lending Relationships in Public Debt Markets: Empirical Evidence from the Commercial Paper Market
David W. Blackwell, Vladimir Kotomin, Drew B. Winters.
Quarterly Journal of Finance and Accounting, 53 (3/4), 79-112, (2015)
Interest-rate and Calendar-time Effects in Money Market Fund and Bank Deposit Cash Flows
Vladimir Kotomin, Stanley D. Smith, Drew B. Winters.
Journal Of Economics And Finance, 38 (1), 84-95, (2014), 10.1007/s12197-011-9210-y
A Look inside AMLF: What Traded and Who Benefited
Ozzy Akay, Mark D. Griffiths, Vladimir Kotomin, Drew B. Winters.
Journal Of Banking And Finance, 37 (5), 1643-1657, (2013), 10.1016/j.jbankfin.2012.12.010
The Year-end Effect in Money Market Yields: Beyond One Month and Beyond the Crisis
Vladimir Kotomin.
Journal Of Financial Research, 36 (2), 233-251, (2013), 10.1111/j.1475-6803.2013.12009.x
A Crisis of Confidence: Understanding Money Markets during the Financial Crisis
Mark D. Griffiths, Vladimir Kotomin, Drew B. Winters.
Journal of Applied Finance, 22 (2), 39-59, (2012)
(REPRINT OF THE 2008 ARTICLE in the special online issue of the journal - not a separate IC) Preferred Habitat for Liquidity in International Short-term Interest Rates
Vladimir Kotomin, Stanley D. Smith, Drew B. Winters.
Journal Of Banking And Finance, (2011)
A Test of the Expectations Hypothesis in Very Short-term International Rates in the Presence of Preferred Habitat for Liquidity
Vladimir Kotomin.
Quarterly Review Of Economics And Finance, 51 (1), 49-55, (2011), 10.1016/j.qref.2010.10.001
The Fed and the 2007-2009 Financial Crisis: Treating a Virus with Antibiotics? Evidence from the Commercial Paper Market.
Mark D. Griffiths, Vladimir Kotomin, Drew B. Winters.
Financial Review, 46 (4), 541-567, (2011), 10.1111/j.1540-6288.2011.00311.x
Inventory Management Effects, Isolated: Evidence from the Federal Funds Market
Yaman O. Erzurumlu, Vladimir Kotomin.
Quarterly Review Of Economics And Finance, 50 (1), 61-66, (2010), 10.1016/j.qref.2009.09.008
Year-end and Quarter-end Effects in the Term Structure of Sterling Repo and Eurepo Rates
Mark D. Griffiths, Vladimir Kotomin, Drew B. Winters.
Journal Of International Financial Markets, Institutions And Money, 19 (5), 803-817, (2009), 10.1016/j.intfin.2009.04.001
Preferred habitat for liquidity in international short-term interest rates
Vladimir Kotomin, Stanley D. Smith, Drew B. Winters.
Journal Of Banking And Finance, 32 (2), 240-250, (2008), 10.1016/j.jbankfin.2007.03.007
The Impact of the Return to Lagged Reserve Requirements on the Federal Funds Market
Vladimir Kotomin, Drew B. Winters.
Journal Of Economics And Business, 59 (2), 111-129, (2007), 10.1016/j.jeconbus.2006.02.002
Quarter-end Effects in Banks: Preferred Habitat or Window Dressing?
Vladimir Kotomin, Drew B. Winters.
Journal Of Financial Services Research, 29 (1), 61-82, (2006), 10.1007/s10693-005-5108-1
Presentations
Loan loss reserve coverage, unwrapped: Enhancing bank risk assessment and market discipline
Lucy Chernykh, Vladimir Kotomin.
Sydney Banking and Financial Stability Conference, Sydney, NSW, December 16, 2025
Loan loss reserve coverage, unwrapped: Enhancing bank risk assessment and market discipline
Lucy Chernykh, Vladimir Kotomin.
Southern Finance Association, Orlando, FL, November 20, 2025
The Effect of Gender on Loan Forgiveness in the Paycheck Protection Program
Vladimir Kotomin, Ruby W Morr.
Illinois Economics Association, Chicago, IL, October 25, 2025
Forgive me not? Racial and Institutional Disparities in the Paycheck Protection Program Loan Forgiveness
Vladimir Kotomin.
Southern Finance Association, Palm Beach, FL, November 22, 2024
Banking on Influence: The Impact of Regulatory Pressure on PPP Lending
Tim Trombley, Vladimir Kotomin.
Financial Management Association Annual Meeting, Grapevine, Texas, October, 2024
Forgive me not? Racial and Institutional Disparities in the Paycheck Protection Program Loan Forgiveness
Vladimir Kotomin, Wyatt Frere, Ruby Morr.
Finance for the Common Good, Dayton, OH, August 10, 2024
Persistence of Racial and Institutional Disparities in Lending: Evidence from the Paycheck Protection Program Loan Forgiveness
Vladimir Kotomin, Wyatt Frere, Ruby Morr.
Academy of Finance, Chicago, IL, April 10, 2024
The Pecking Order of Bank Liquidity Replacements and the January Effect in Retail Deposit Rates
Vladimir Kotomin, Artem Meshcheryakov.
Southern Finance Association, Key West, FL, November 16, 2022
The Pecking Order of Bank Liquidity Replacements and the January Effect in Retail Deposit Rates
Vladimir Kotomin, Artem Meshcheryakov.
Financial Management Association, Atlanta, GA, October 21, 2022
Credit Risk Management in Failing Banks: Evidence from Accounting Measures
Lucy Chernykh, Vladimir Kotomin.
Coauthor's Keynote address at the 11th ICEF-CInSt International Moscow Finance Conference, Moscow, Russia (presented by a coauthor via Zoom), October 14, 2022
The Pecking Order of Bank Liquidity Replacements and the January Effect in Retail Deposit Rates
Vladimir Kotomin, Artem Meshcheryakov.
Vaasa University, Vaasa, Finland, Online, April 21, 2022
Risk-based Deposit Insurance, Deposit Rates and Bank Failures: Evidence from Russia
Lucy Chernykh, Vladimir Kotomin.
Financial Management Association, New Orleans, LA, October, 2019
Do Large Losses Loom Larger Than Gains? Salience, Holding Periods, and the Disposition Effect
Vladimir Kotomin, Abhishek Varma.
Financial Management Association, San Diego, CA, October, 2018
Do Large Losses Loom Larger than Gains? Salience, Holding Periods, and the Disposition Effect
Vladimir Kotomin, Abhishek Varma.
Southern Finance Association (SFA) Annual Meeting, Key West Florida, November, 2017
Cleaning up Dusty Closets? On the Increased Propensity of Individual Investors to Realize Longer-term Stock Losses in December
Vladimir Kotomin, Abhishek Varma.
Financial Management Association (FMA) International Annual Meeting, Las Vegas Nevada, October, 2016
Mutual Fund Soft Dollar Arrangements: Determinants, Impact on Shareholder Wealth, and Relation to Fund Governance
Yaman O Erzurumlu, Vladimir Kotomin.
Southern Finance Association, Captiva Island, Florida, November, 2015
Cleaning up Dusty Closets? On the Increased Propensity of Individual Investors to Realize Longer-term Stock Losses in December
Vladimir Kotomin, Abhishek Varma.
Southern Finance Association (SFA) Annual Meeting, Captiva Florida, November, 2015
On the Increased Propensity of Individual Investors to Realize Long-term Stock Losses in December
Vladimir Kotomin, Abhishek Varma.
Eastern Finance Association, New Orleans, LA, April, 2015
Cleaning up Dusty Closets? On the Increased Propensity of Individual Investors to Realize Longer-term Stock Losses in December
Vladimir Kotomin, Abhishek Varma.
Midwest Finance Association (MFA) Annual Meeting, Chicago Illinois, March, 2015
On the Increased Propensity of Individual Investors to Realize Long-term Stock Losses in December
Vladimir Kotomin, Abhishek Varma.
Chicago Illinois, March, 2015
Chaired Session 50 'CSR and Philanthropy 1' on October 16, 2014.
Vladimir Kotomin.
Nashville TN, , 2014
Discussed 'Are Banks Forward-Looking in their Loan Loss Provisioning? Evidence from Senior Loan Officer Opinion Survey (SLOOS)', Lakshmi Balasubramanyan, Saeed Zaman, and James Thomson, Federal Reserve Bank of Cleveland.
Vladimir Kotomin.
Orlando FL, , 2014
Discussed the paper "Corporate Social Responsibility and its Impact on Financial Performance:Investigation of U.S. Commercial Banks" by Marcia Millon Cornett, Otgontsetseg Erhemjamts, and Hassan Tehranian at the October 2014 meeting.
Vladimir Kotomin.
Nashville TN, , 2014
Mutual Fund Soft Dollar Arrangements: Determinants, Impact on Shareholder Wealth, and Relation to Fund Governance
Yaman Omer Erzurumlu, Vladimir Kotomin.
Orlando Florida, March, 2014
Discussed 'The Anatomy of a Credit Supply Shock: Evidence from an Internal Credit Market', Jose Liberti and Jason Sturgess, DePaul University.
Vladimir Kotomin.
Chicago IL, , 2013