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 190.003 Finance Fundamentals and Career Choices
FIL 190.004 Finance Fundamentals and Career Choices
FIL 346.001 Fixed Income Analysis And Portfolio Management
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
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
The Wilma Jean Alexander Technology Innovation Faculty Award
College of Business, Illinois State University
2023
Outstanding Research Award
Department of Finance, Insurance & Law, Illinois State University
2021
2016-2017 Dixie L. Mills Faculty Scholar in Finance
College of Business, Illinois State University
2016
Outstanding Researcher Award
College of Business, Illinois State University
2016
2015-2016 Country Financial Scholar
College of Business, Illinois State University
2015
Outstanding Service Award
Department of Finance, Insurance & Law, 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
Kotomin, V.
(2021), Top Hat
Book, Chapter
Bond Markets
Kotomin, V.
(2012), Financial Institutions, Markets, and Money, 11e., by Kidwell, Blackwell, Whidbee and Sias, John Wiley and Sons
Money Markets
Kotomin, V.
(2012), Financial Institutions, Markets, and Money, 11e., by Kidwell, Blackwell, Whidbee and Sias, John Wiley and Sons
Liquidity Issues in the Money Markets
Griffiths, M., Kotomin, V., & Winters, D.
(2008), 43-58, Stock Market Liquidity, John Wiley and Sons
Journal Article
Deposit Flows and the January Effect in Deposit Rates
Kotomin, V., & Meshcheryakov, A.
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
Kotomin, V., Frere, W., & Morr, R.
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
Kotomin, V., & Varma, A.
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
Chernykh, L., & Kotomin, V.
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
Kotomin, V.
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
Howe, T., Kotomin, V., Liao, M., & Varma, A.
Managerial Finance, 46 (5), 636-646, (2020)
Mutual funds' soft dollar arrangements: Determinants, impact on shareholder wealth, and relation to governance
Erzurumlu, Y., & Kotomin, V.
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
Blackwell, D., Kotomin, V., & Winters, D.
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
Kotomin, V., Smith, S., & Winters, D.
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
Akay, O., Griffiths, M., Kotomin, V., & Winters, D.
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
Kotomin, V.
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
Griffiths, M., Kotomin, V., & Winters, D.
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
Kotomin, V., Smith, S., & Winters, D.
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
Kotomin, V.
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.
Griffiths, M., Kotomin, V., & Winters, D.
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
Erzurumlu, Y., & Kotomin, V.
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
Griffiths, M., Kotomin, V., & Winters, D.
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
Kotomin, V., Smith, S., & Winters, D.
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
Kotomin, V., & Winters, D.
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?
Kotomin, V., & Winters, D.
Journal Of Financial Services Research, 29 (1), 61-82, (2006), 10.1007/s10693-005-5108-1
Debiasing Recency: Evidence from Individual Investor Stock Sales
Kotomin, V., & Varma, A.
Journal of Behavioral Finance, https://doi.org/10.1080/15427560.2025.2485461
Presentations
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
Discussed the paper 'Bank risk and fund providers discipline in an emerging market', Lucy Chernykh, Clemson University.
Vladimir Kotomin
St. Pete Beach FL, , 2013
Discussed the paper 'Uncovering Collateral Constraints', Jose Liberty and Jason Sturgess, DePaul University.
Vladimir Kotomin
Chicago IL, , 2013
Mutual Fund Soft Dollar Arrangements: Determinants, Impact on Shareholder Wealth, and Relation to Fund Governance
Yaman O. Erzurumlu, Vladimir Kotomin
Chicago Illinois, October, 2013