Dr. Vladimir Kotomin CFA
Professor of Finance
Finance, Insurance and Law
Office
SFHB State Farm Hall Of Business 309
Office Hours
Fall '25: by appointment via Zoom
Office Phone
Email
- About
- Education
- Awards & Honors
- 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
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 & Contracts
Noncovered nonperforming loans and bank failures (original title). ISU URG. Illinois State University. (2020)
Deposit Flow Seasonalities and the January Effect in Retail Deposit Rates (original title). ISU URG. Illinois State University. (2019)
The Impact of Gains and Losses on Individuals' Selling Decisions: Relative Magnitudes, Holding Periods, and Tax Incentives (original title). ISU URG. Illinois State University. (2013)
Book, Authored
Kotomin, V. Fundamentals of Finance. Top Hat (2021)
Book, Chapter
Kotomin, V. Bond Markets. Financial Institutions, Markets, and Money, 11e., by Kidwell, Blackwell, Whidbee and Sias. John Wiley and Sons (2012)
Kotomin, V. Money Markets. Financial Institutions, Markets, and Money, 11e., by Kidwell, Blackwell, Whidbee and Sias. John Wiley and Sons (2012)
Griffiths, M., Kotomin, V., & Winters, D. Liquidity Issues in the Money Markets. Greg N. Gregoriou and François-Serge L'Habitant (EDs), Stock Market Liquidity. John Wiley and Sons (2008): 43-58.
Journal Article
Kotomin, V., & Varma, A. Debiasing Recency: Evidence from Individual Investor Stock Sales. Journal of Behavioral Finance (2025)
Kotomin, V., & Meshcheryakov, A. Deposit Flows and the January Effect in Deposit Rates. Journal of Financial Research 48.3 (2025): 1278-1314 (accepted and claimed in 2024, do not double count in 2025 please).
Kotomin, V., Frere, W., & Morr, R. Forgive me not? Racial and Institutional Disparities in the Paycheck Protection Program Loan Forgiveness. Small Business Economics 64.3 (2025): 1433-1461 (accepted and claimed in 2024, do not double count in 2025 please).
Chernykh, L., & Kotomin, V. Risk-based Deposit Insurance, Deposit Rates and Bank Failures: Evidence from Russia. Journal Of Banking And Finance 138 (2022): 13 pages.
Kotomin, V., & Varma, A. Do Large Losses Loom Larger than Gains? Salience, Holding Periods, and the Disposition Effect. Financial Review 57.2 (2022): 397-427.
Kotomin, V. The Clientele Effect around the Turn of the Year: Evidence from the Bond Markets. Journal Of Economics and Finance 45.4 (2021): 637-653.
Howe, T., Kotomin, V., Liao, M., & Varma, A. A Tale of Two SMIPs: Equity and Fixed Income. Managerial Finance 46.5 (2020): 636-646.
Erzurumlu, Y., & Kotomin, V. Mutual funds' soft dollar arrangements: Determinants, impact on shareholder wealth, and relation to governance. Journal Of Financial Services Research 50.1 (2016): 90-119.
Blackwell, D., Kotomin, V., & Winters, D. Benefits of Lending Relationships in Public Debt Markets: Empirical Evidence from the Commercial Paper Market. Quarterly Journal of Finance and Accounting 53.3/4 (2015): 79-112.
Kotomin, V., Smith, S., & Winters, D. Interest-rate and Calendar-time Effects in Money Market Fund and Bank Deposit Cash Flows. Journal Of Economics And Finance 38.1 (2014): 84-95.
Akay, O., Griffiths, M., Kotomin, V., & Winters, D. A Look inside AMLF: What Traded and Who Benefited. Journal Of Banking And Finance 37.5 (2013): 1643-1657.
Kotomin, V. The Year-end Effect in Money Market Yields: Beyond One Month and Beyond the Crisis. Journal Of Financial Research 36.2 (2013): 233-251.
Griffiths, M., Kotomin, V., & Winters, D. A Crisis of Confidence: Understanding Money Markets during the Financial Crisis. Journal of Applied Finance 22.2 (2012): 39-59.
Griffiths, M., Kotomin, V., & Winters, D. The Fed and the 2007-2009 Financial Crisis: Treating a Virus with Antibiotics? Evidence from the Commercial Paper Market.. Financial Review 46.4 (2011): 541-567.
Kotomin, V., Smith, S., & Winters, D. (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. Journal Of Banking And Finance (2011)
Kotomin, V. A Test of the Expectations Hypothesis in Very Short-term International Rates in the Presence of Preferred Habitat for Liquidity. Quarterly Review Of Economics And Finance 51.1 (2011): 49-55.
Erzurumlu, Y., & Kotomin, V. Inventory Management Effects, Isolated: Evidence from the Federal Funds Market. Quarterly Review Of Economics And Finance 50.1 (2010): 61-66.
Griffiths, M., Kotomin, V., & Winters, D. Year-end and Quarter-end Effects in the Term Structure of Sterling Repo and Eurepo Rates. Journal Of International Financial Markets, Institutions And Money 19.5 (2009): 803-817.
Kotomin, V., Smith, S., & Winters, D. Preferred habitat for liquidity in international short-term interest rates. Journal Of Banking And Finance 32.2 (2008): 240-250.
Kotomin, V., & Winters, D. The Impact of the Return to Lagged Reserve Requirements on the Federal Funds Market. Journal Of Economics And Business 59.2 (2007): 111-129.
Kotomin, V., & Winters, D. Quarter-end Effects in Banks: Preferred Habitat or Window Dressing?. Journal Of Financial Services Research 29.1 (2006): 61-82.
Presentations
Loan loss reserve coverage, unwrapped: Enhancing bank risk assessment and market discipline. Sydney Banking and Financial Stability Conference. he University of Sydney Business School. (2025)
Loan loss reserve coverage, unwrapped: Enhancing bank risk assessment and market discipline. Southern Finance Association. (2025)
The Effect of Gender on Loan Forgiveness in the Paycheck Protection Program. Illinois Economics Association. (2025)
Banking on Influence: The Impact of Regulatory Pressure on PPP Lending. Financial Management Association Annual Meeting. (2024)
Forgive me not? Racial and Institutional Disparities in the Paycheck Protection Program Loan Forgiveness. Southern Finance Association. (2024)
Forgive me not? Racial and Institutional Disparities in the Paycheck Protection Program Loan Forgiveness. Finance for the Common Good. University of Dayton. (2024)
Persistence of Racial and Institutional Disparities in Lending: Evidence from the Paycheck Protection Program Loan Forgiveness. Academy of Finance. (2024)
Credit Risk Management in Failing Banks: Evidence from Accounting Measures. Coauthor's Keynote address at the 11th ICEF-CInSt International Moscow Finance Conference. (2022)
The Pecking Order of Bank Liquidity Replacements and the January Effect in Retail Deposit Rates. Southern Finance Association. (2022)
The Pecking Order of Bank Liquidity Replacements and the January Effect in Retail Deposit Rates. Financial Management Association. (2022)
The Pecking Order of Bank Liquidity Replacements and the January Effect in Retail Deposit Rates. Vaasa University, Vaasa, Finland. (2022)
Risk-based Deposit Insurance, Deposit Rates and Bank Failures: Evidence from Russia. Financial Management Association. (2019)
Do Large Losses Loom Larger Than Gains? Salience, Holding Periods, and the Disposition Effect. Financial Management Association. (2018)
Do Large Losses Loom Larger than Gains? Salience, Holding Periods, and the Disposition Effect. Southern Finance Association (SFA) Annual Meeting. Southern Finance Association. (2017)
Cleaning up Dusty Closets? On the Increased Propensity of Individual Investors to Realize Longer-term Stock Losses in December. Financial Management Association (FMA) International Annual Meeting. Financial Management Association (FMA). (2016)
Cleaning up Dusty Closets? On the Increased Propensity of Individual Investors to Realize Longer-term Stock Losses in December. Southern Finance Association (SFA) Annual Meeting. Southern Finance Association (SFA). (2015)
Cleaning up Dusty Closets? On the Increased Propensity of Individual Investors to Realize Longer-term Stock Losses in December. Midwest Finance Association (MFA) Annual Meeting. Midwest Finance Association (MFA). (2015)
Mutual Fund Soft Dollar Arrangements: Determinants, Impact on Shareholder Wealth, and Relation to Fund Governance. Southern Finance Association. (2015)
On the Increased Propensity of Individual Investors to Realize Long-term Stock Losses in December. Eastern Finance Association. (2015)
On the Increased Propensity of Individual Investors to Realize Long-term Stock Losses in December. Midwest Finance Association. (2015)
Chaired Session 50 'CSR and Philanthropy 1' on October 16, 2014.. Financial Management Association. (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.. Midwest Finance Association. (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.. Financial Management Association. (2014)
Mutual Fund Soft Dollar Arrangements: Determinants, Impact on Shareholder Wealth, and Relation to Fund Governance. Midwest Finance Association. (2014)
Benefits of Lending Relationships in Public Debt Markets: Empirical Evidence from the Commercial Paper Market. Eastern Finance Association. (2013)