Profile

Stanislava (Stas) Nikolova

Associate Professor
Finance
HLH 425 W
P.O. Box 880490
Lincoln, NE 68588-0490
(402) 472-6049
snikolova2@unl.edu
Stanislava (Stas) Nikolova Photo
Education
Ph.D. Finance, University of Florida
B.S. Management, State University of New York - Geneseo
Areas of Expertise
  • Fixed-Income Securities
  • Regulation of the Financial Sector
Appointments
  • Associate Professor, 2019
Biography

Stanislava (Stas) Nikolova is an Associate Professor of Finance at the University of Nebraska-Lincoln (UNL). Prior to joining UNL, she was a Senior Financial Economist in the Division of Economic and Risk Analysis at the U.S. Securities and Exchange Commission (SEC). In that capacity, Dr. Nikolova advised the SEC on rules governing the issuance of fixed-income securities, the disclosure and offering process of asset-backed securities, the registration of municipal advisers, the integrity of credit ratings, and the management and accountability of nationally recognized statistical rating organizations (NRSROs). She also assisted the Commission with the economic aspects of enforcement cases, and examinations of broker-dealers and investment advisers.

Links
Journal Publications
Books and Book Chapters
  • M. J. Flannery and S. Nikolova, 2004. “Market Discipline of U.S. Financial Firms: Recent Evidence and Research Issues,” in Claudio Borio, William C. Hunter, George Kaufman, and Kostas Tsatsaronis, ed. Market Discipline Across Countries and Industries (MIT Press).
Working Papers
The Transaction Costs of Trading Corporate Credit. (with G. Biswas and C. W. Stahel)
  • Reject & resubmit at Journal of Finance
  • Conferences: AFA 2015, FIRS 2015, Fixed Income 2015, FMA Europe 2015
Portfolio Similarity and Asset Liquidation in the Insurance Industry. (with G. Girardi, K. W. Hanley, L. Pelizzon and M. Sherman)
  • 2nd R&R at Journal of Financial Economics
  • Conferences: AFA 2017, SEC 2017, Econometrics of Financial Markets 2017, Temple Conference 2016, MIT Consortium 2015
The Bond Pricing Implications of Rating-Based Capital Requirements. (with S. Murray)
  • R&R at Journal of Financial and Quantitative Analysis
  • 2018 Best Paper Award, INQUIRE Europe/UK Joint Seminar
  • Conferences: AFA 2020, Fixed Income 2019, FDIC 2019, Chicago Financial Institutions 2019, SGF 2019, MARC 2019, SFS Cavalcade Asia-Pacific 2018, EFA 2018, Bocconi/CONSOB 2018, INQUIRE Europe/UK 2018, CFEA 2017
Graduate Courses

Fixed Income Analysis (FINA 802)

Basic understanding of fixed-income markets, fixed-income securities, and tools employed by market participants to the analysis of fixed-income investments.

Undergraduate Courses

Investment Principles (FINA 363)

Survey of investment risks and rewards, the operation of the securities business, and an introduction to the problems of qualitative and quantitative analysis and portfolio selection.

Fixed Income Investments (FINA 367)

This course is designed to provide students with a basic understanding of fixed-income markets, fixed-income securities, and tools employed by market participants to the analysis of fixed-income investments. The main topics include (1) debt and money markets, (2) interest rate behavior and determination, (3) bond valuation, (4) managing bond risk, (5) bonds with embedded options, and (6) mortgage-backed and asset-backed securities.

 

Research Awards and Grants
  • Best Paper Award, INQUIRE Europe and INQUIRE UK Joint Seminar, 2018
  • Sustainable Architecture for Finance in Europe (SAFE) Grant, Leibniz Institute for Financial Research SAFE, 2014
  • College of Business Best Paper Award, University of Nebraska-Lincoln, 2014
  • Economic Research Award, Securities and Exchange Commission, 2013
  • Law and Policy Award - Dodd Frank Implementation Team, Securities and Exchange Commission, 2011
  • Chairman’s Award for Excellence – Flash Crash Team, Securities and Exchange Commission, 2011
  • Distinguished Service Award, Securities and Exchange Commission, 2011
  • Summer Research Award, George Mason University, 2008
  • Research Grant, FDIC Center for Financial Research, FDIC, 2007
  • Summer Research Award, George Mason University, 2007
Teaching Awards
  • College of Business Distinguished Teaching Award Nomination, University of Nebraska-Lincoln, 2018
  • College of Business Distinguished Teaching Award Nomination, University of Nebraska-Lincoln, 2017
  • College of Business Distinguished Teaching Award Nomination, University of Nebraska-Lincoln, 2014