Natalya V. Delcoure

Natalya V. Delcoure

Associate Professor in Finance, Associate Dean of Academics and Director of Graduate Studies, University of St. Thomas, USA.

Areas of interest:

  • Teaching: Corporate Finance, Investments, Financial Statement Analysis.
  • Research: Investments, Portfolio Management, Corporate Finance.

Academic appointments:

  • August 2001- Summer 2006 - Assistant Professor in Finance, Mitchell College of Business, University of South Alabama (USA).
  • Summer 2006-Winter 2008 - Associate Professor in Finance, UMUC, Maryland; Assistant Professor in Finance, Department of General Business and Finance, College of Business Administration, Sam Houston State University (SHSU), Huntsville, TX.
  • Winter 2008-present - Academic appointment - Associate Professor in Finance; Administrative appointment - Associate Dean of Academics and Graduate Studies, University of St. Thomas, Houston, TX.

Education:

  • 1985-1990 - Accounting and Economics, MRTE, Moscow, Russia.
  • 1997-1998 - MBA, University of Louisiana, Monroe.
  • 1998-2001 - DBA, Louisiana Tech University. Major: Finance, Minor: Economics, Quantitative Analysis.

Teaching experience:

  • 1997-1998 - Graduate Research Assistant, University of Louisiana in Monroe.
  • 1998-2001 - Graduate Teaching Assistant, Instructor. Taught: Business Finance, Investments (undergraduate and MBA), Money and Banking, Introductory Level Microeconomics, Introductory Level Macroeconomics.
  • 2001- 2006 - Assistant Professor, University of South Alabama, Mobile, AL. Graduate and undergraduate teaching assignments: Business Finance, Investments, Investment and Portfolio Analysis, Derivative Securities, Financial Markets and Institutions, Independent Study.
  • Graduate and undergraduate teaching assignments: Business Finance, Intermediate Finance, Administrative Finance Financial Statement Analysis, Investments on Undergraduate and Graduate Level; Executive Banking school: Risk Management in Banking.
  • 2006-2008 - Assistant Professor, Sam Houston State University College of Business Administration, Huntsville, TX.
  • 2008-present - Associate Professor, Cameron School of Business, University of St. Thomas, Houston, TX. Graduate and undergraduate teaching assignments: Business Finance.

Corporate experience:

  • 1990 -1992 - Assistant Controller, Russian-German joint venture, Moscow, Russia/Düsseldorf, Germany.
  • 1992-1993 - Assistant International Controller, Russian-USA joint venture, Moscow-Tumen, Russia/Benton Oil and Gas, Carpinteria, CA.
  • 1993-1995 - Accounts Payable/Accounts Receivable accountant, Haven Health Systems, LA.
  • 1995-1997 - Capital Cost Control Accountant and Inventory Accountant, Benton Oil and Gas Company, Carpinetria, CA/Maturin, Venezuela. Responsible for training and supervision of Venezuelan accounting personnel. Received three promotions during two years.

Awards:

  • 2002 Researcher of the Year, MCOB, USA.
  • 2004 Researcher of the Year, MCOB, USA.
  • Best Paper Award at FSI Symposium, NYC, Fall 2010; "You! Me! Let's try to make some MO-NEY!!!" with J. Ueng.

Publications in scholarly journals and textbooks:

1. "Periodic Integration and Cointegration of the US Stock Prices, Dividends, and Interest Rates: A New Test of the Present Value Model" with H. Shirvani and B. Wilbratte, Journal of Centrum Cathedra, Vol. 4, #1, 2011, 65-76.
2. "ETFs: Watching the weight," Review of Business, forthcoming.
3. "You! Me! Let's try to make some MO-NEY!!!" with J. Ueng, Review of Business, forthcoming.
4. "Diversification benefits: correlation and return gaps", IRAFIE, Vol. 2, #3, 2010.
5. "Survey of MBA students with Concentration in Finance: Attitudes and Opinions," with B. Mirshab and B. Wilbratte, IJGBE, Vol. 3, #2.
6. "An Exploratory Study of the Factors that Influence MBA Students' Attitudes toward Their Areas of Specialization" with C. Morosan, B. Mirshab, S. Taj, IJGBE, Vol. 3, #2.
7. "Testing for Nonlinear Trend-Reversion in the Stock Prices of the G7 Countries" with H. Shirvani and B. Mirshab, International Review of Applied Financial Issues and Economics, Vol. 2, #4, 2010.
8. "The effect of strategic competition on acquirer's rivals following international acquisition announcements" with Ken Hunsader, Journal of Financial Economic and Practice, Vol. 10, #2, 29-44, 2010.
9. "E-banks, A Real Threat to Traditional Banks? with K. Cyree and R. Dickens, Journal of Economics and Finance, Vol. 33, #2, April 2009.
10. "Corporate branding and shareholders' wealth", JOBIE, Vol. 12, Spring 2009.
11. "Financial intermediation in transitional economies: Case study of Russian banks", Journal of Emerging Markets, Vol. 13, #3, 32-46, 2009.
12. "Testing for Periodic Integration and Cointegration of the Stock Prices of the G7 Countries" with H. Shirvani and B. Wilbratte, Investment Management and Financial Innovations Journal, Vol. 6, #1, 2009.
13. "Reversing acquisitions: The case of Citigroup" with R. Stretcher, Journal of Finance Case Research, Vol. 10, #1, 2008/2009.
14. "Gains to acquirer's rivals" with K. Hunsader and J. Ang, Journal of Business and Economics Perspectives, Fall 2008.
15. "On the Premiums of iShares" with M. Zhong, Journal of Empirical Finance, Vol. 14, #2, 2007.
16. "An Overview of Audit Standards Affecting Community Banks" with J. Bexley, Journal of Bank Accounting and Finance, October-November, 2007.
17. "The Determinants of Capital Structure in Transitional Economies" International Review of Economics and Finance, 16, 2007.
18. "Mutual fund industry: case study of Russian equity mutual funds" with D. French, Journal of Emerging Markets, Vol. 12, #1, Spring 2007.
19. "Value creation in cash mergers. Empirical investigation" with K. Hunsader, Investment Management and Financial Innovations Journal, #2, 2006.
20. "The influence of firm operating characteristics on incentive compensation in the executive suite: equity REITs vs. REOCs", Investment Management and Financial Innovations Journal, #2, 2005.
21. "Hold or Fold: An Analysis of HOLDRs" with R. Dickens, Financial Decisions, Fall 2004.
22. "REITs and REOCs Systematic Risk Sensitivity" with R. Dickens, Journal of Real Estate Research, 2004, Vol. 26, #3.
23. "Krispy Kreme Doughnuts", with R. Dickens, Journal of Finance Case Research, Vol. 5, #1, 2, 2003.
24. "The Forward Rate Unbiasedness Hypothesis Reexamined" with J. Barkoulas, C. Baum, and A. Chakraborty, Global Finance Journal, 2003, #14, 83-93.
25. "International Residential Real Estate Brokerage Fees and Implications for the US Brokerage Industry," with N. Miller, International Real Estate Review, 2002, Vol. 5, #1, 12-39.
26. "The Performance and Diversification of World Equity Benchmark Shares (WEBS) and Closed-End Country Funds" with A. Pennathur and D. Anderson, Journal of Financial Research, Vol. 25, #4, Winter 2002.
27. "How do U.S. Residential Brokerage Trends and Fees Compare to the Rest of the World," with N. Miller Real Estate Issues, Fall, 2001, Vol. 26, 64-69.
28. "America Online" with L. Jauch and J. Scott, Marketing Management, 6th ed., Irwin/McGraw-Hill Companies, Inc., 2001.
29. "America Online" with L. Jauch and J. Scott, Cases in Strategic Management, 5th ed., Houston, TX, Dame Publications, 1999.

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