Katsiaryna Salavei is an Assistant Professor of Finance at Fairfield University. She teaches Introduction to Finance, Financial Management and Seminar in Real Estate at undergraduate and Corporate Finance at MBA and MS levels. She serves as a faculty advisor to students competing in Certified Financial Analyst Investment Research Challenge. Katsiaryna Salavei received a B.A. in Management from Hartwick College (Oneonta, NY) and Ph.D. in Finance from the University of Connecticut. Prior to joining Fairfield University, she worked as a Visiting Assistant Professor at New York University, Stern School of Business, where she taught real estate and corporate finance courses. She also taught a number of undergraduate and MBA courses at the University of Connecticut while in the Ph.D. program. Her industry experience includes modeling the riskiness of mortgage portfolio for General Electric Consumer Finance Group. Her research interests are real estate and corporate finance. Her current research examines the implications of the low quality of financial information for the cost of capital and the importance of litigation risk in determining market reaction to restatements. She is also currently working on analyzing the implications of option to redevelop for the pricing of commercial and residential real estate. She published article in top journals such as Journal of Financial and Quantitative Analysis, Journal of Urban Economics and Journal of Behavioral Finance. Her research received a best paper award at a national conference; has been discussed in CFO magazine, presented at the US Securities and Exchange Commission and referenced in a US Treasury White Paper.
Articles
Empirical estimation of the option premium for residential redevelopment (with John M. Clapp and S. K. Wong), Regional Science and Urban Economics (2012)
This paper presents and validates a novel empirical approach for measuring the value of the...
Do investors see through mistakes in reported earnings? (with Joseph H. Golec and John P. Harding), Journal of Financial and Quantitative Analysis (2011)
This study investigates whether investors see through materially misstated earnings, and whether they anticipate earnings...
Equity and debt issuance by firms violating GAAP (with Nataliya Zaiats), Accounting and Finance (2011)
We examine security issuance in restated periods by firms that misreport financial statements and find...
Quality of financial information and liquidity, Review of Financial Economics (2011)
This paper examines the relationship between liquidity and quality of financial information by analyzing long-term...
Hedonic pricing with redevelopment options: A new approach to estimating depreciation effects (with John M. Clapp), Journal of Urban Economics (2010)
The standard hedonic model of durable assets is a special case of a more general...