Vicentiu Covrig, Ph.D., CFA
Professor of Finance
Department of Finance, Real Estate and Insurance
College of Business and Economics
California State University-Northridge
Office: JH 4108
Phone: (818) 677-3405
FIN352 Investments (Spring
Seminar in Financial Problems
(MBA, Spring 2016)
FIN352 Investments (Spring
Financial Analyst 1998
Ph.D. Finance and Economics, Arizona State University May, 1999
(co-chairs Michael Melvin and Hank Bessembinder)
M.A. Economics, State University of New York June, 1994
(Degree awarded at Central European University, Prague, Czech Republic)
B.Sc. and M.Sc. Electrical Engineering, Bucharest Polytechnic Institute
- Covrig, V., McConaughy, D., Travers, M. A. K. (2017). Takeover Premia and Leverage: Theory, Empirical Observations and Recommendations. Journal of Business Valuation and Economic Loss Analysis, 12(1), https://www.degruyter.com/view/j/jbvela.ahead-of-print/jbvela-2015-0002/jbvela-2015-0002.xml.
- Covrig, V., McConaughy, D., Travers, M. A. K. (2016). Two Methods to Adjust Takeover Premia for Leverage. Business Valuation Review, 35(1), 30-37.
- Covrig, V., McConaughy, D. (2014). Public vs. Private Market Participants and Prices Paid for Private Firms. Journal of Business Valuation and Economic Loss Analysis, 10(1), 77-87.
- Covrig, V., Chan, K. (2012). Why Foreign Investors Trade More Frequently? Journal of International Money and Finance, 31(4), 793-817.
- McConaughy, D., Covrig, V., Bleich, D. (2010). Location and the Liquidity of Private Businesses. Business Valuation Review.
- McConaughy, D., Covrig, V. (2009). A Method for Adjusting Public Companies' Multiples for Firm Specific Risk. Business Valuation Review, 28(1), 8-13.
- McConaughy, D., Covrig, V. (2008). Owner’s Lack of Diversification and the Cost of Equity Capital for a Closely Held Firm. Canadian Institute of Chartered Business Valuators, 2008.
- Covrig, V., DeFond, M., Hung, M. (2007). Home Bias, Foreign Mutual Fund Holdings, and the Voluntary Adoption of International. Journal of Accounting Research, 45.Journal of Accounting Research is the A+/top journal in accounting.
- Covrig, V., Ng, L., Lau, S. T. (2006). Do Domestic and Foreign Fund Managers Have Similar Preferences for Stock Characteristics? A Cross-Country Analysis. Journal of International Business Studies, 37.
- Covrig, V. (2005). The Relevance of Analysts' Earnings Forecasts: evidence from Japan. Journal of Business, Finance and Accounting.
- Covrig, V. (2005). What Determines the Domestic Bias and Foreign Bias? Journal of Finance.( Full
text) Journal of Finance is the A+/top journal in finance.
presented at Western
Meeting, used as a reading assignment in
International Finance graduate class at
Business School, U. Pennsylvania, and cited three
times in the
Journal of Finance. The paper was nominated for 2005 Smith
Breeden prize for the best paper at the
Finance; mentioned in the 6th ed. of Eun and Resnick text
"International Financial Management"and in Hirschey and Nofsinger
in the PhD
programs at Concordia University, University de Geneve,
Southern Illinois University -Carbondale , Georgia Tech, Stockholm
School of Economics
- Covrig, V. (2004). Can a Satellite Market Survive? Evidence from Price Discovery in Three Nikkei 225 Markets. Journal of Futures Markets.
- Covrig, V. (2004). Credit Arbitrage in the Yen Euromarket between Asia and London. Journal of the Asia Pacific Economy.
- Covrig, V. (2004). Volume Autocorrelation, Information flow and Investor Trading. Journalof Banking and Finance.
- Covrig, V. (2004). A Yen is not a Yen: TIBOR/LIBOR and the determinants of 'Japan Premium'. Journal of Finance and Quantitative Analysis.
- Covrig, V. (2003). The Quality of Volatility Traded in Over-The-Counter Market: A Multiple Horizons Study. Journal of Futures Markets.
- Covrig, V. (2002). Asymmetric Information and Price Discovery in the FX Market: Does Tokyo Know More About the Yen? Journal of Empirical Finance.
is my PhD dissertation, cited among others in Journal of Finance (2
Journal of Political Economy
journal in Economics), Journal of Financial and
Analysis (A+/top journal in Finance), National Bureau of
(NBER) and republished in 2006 in the volume Foreign
Markets , part of the series
International Library of Critical Writings in Financial Economics