Yulia Borisovna Ilina

Associate Professor, Department of Finance and Accounting

Pureportal

jilina@gsom.spbu.ru

Courses

Corporate Finance (Master programme)

Corporate Finance (Executive MBA)

Financial Management (MBA)

Corporate Governance and Value-Based Management (Executive MBA)

International Financial Management (Bachelor programme)

EDUCATION AND ACADEMIC DEGREES

Finance for Executives Program, Kellogg School of Management, Northwestern University, USA, 2008.
Innovative Methods in Teaching Program, Harvard Business School, USA, 2007.
Candidate of Sciences in Economics, St. Petersburg State University, 1999.
Doctoral programme, Republican Institute of Humanities, St. Petersburg State University, 1994–1999.
Specialist Degree in Political Economy, St. Petersburg State University, 1994.

RESEARCH INTERESTS

Corporate governance
Corporate finance

ACADEMIC AND ADMINISTRATIVE POSITIONS

ACADEMIC POSITIONS

2001- present – Associate Professor, Finance and Accounting Department, Graduate School of Management, St. Petersburg State University.
1994-2001 – Assistant Professor, Department of Finance Theory, Faculty of Management, St. Petersburg State University.

ADMINISTRATIVE POSITIONS

2013-2020 – Head of Research Committee, Graduate School of Management, St. Petersburg State University.
2010-2013 – Deputy director, Bachelor programme, Graduate School of Management, St. Petersburg State University.
2001-2005, 2007-2010 – Deputy Head of Department, Finance and Accounting Department, Graduate School of Management, St. Petersburg State University.
2002-2003 – Managing Editor, Journal “Vestnik of St. Petersburg State University, Management Series”.

OTHER PROFESSIONAL ACTIVITIES

Member of International Board, Executive MBA program, Graduate School of Management, St. Petersburg State University (2017-present)
Member of Educational Board, Master of Corporate Finance program, Graduate School of Management, St. Petersburg State University (2017-present)
Member of Curriculum Development Committee at Graduate School of Management, St. Petersburg State University (2013-2015)
Member of editorial board, Journal “Vestnik of St. Petersburg State University, Management Series” (2002–2009, 2012 – present)
Member of EURAM (European Academy of Management) (2017 – present)
Member of ICGS (International Corporate Governance Society) (2015 – present)
Member of EBES (Eurasia Business and Economics Society) (2010 – present)
Member of EAA (European Accounting Association) (2009–2014)

SELECTED PUBLICATIONS

Monographs, chapters in books, reports

Berezinets I, Ilina Y, Loginova A. Effects of board social capital on corporate performance: evidence from Russia. In: “Contributions to game theory and management”. Issue 12. 2019.
Bandalyuk O., Berezinets I., Bukhvalov A., Volkov D., Garanina T., Ilina Yu. Corporate Governance: Issues of Application and Evaluation of Russian Companies: monograph. St. Petersburg: Publishing House of Graduate School of Management, 2012.
Berezinets I., Elfimova M., Zotova I., Ilina Yu., Korotetskiy I., Ovchinnikov Yu., Sharman R. Corporate Governance Practices in Russia: Defining the Boundaries of the National Model: expert-analytical report. Moscow: Managers Association, KPMG in Russia and the CIS, 2011.
Muravyev A., Berezinets I., Ilina Yu. Owners, Boards, Managers and Employees: an Empirical Analysis of the link between Corporate Governance and Employment Policy of the Firm. Moscow Public Science Foundation (MPSF): “Scientific Reports” series, 2010.
Berezinets I., Ilina Yu. Analysis of the Impact of Corporate Governance Factors and Firm Performance on Russian Companies Organizational Form Change. / Economic modernization and globalization: in 3 vol. In: Yasin E. (eds.) Moscow: HSE Publishing, 2009.
Berezinets I., Ilina Yu. Russian companies’ legal forms change and corporate governance problems. / Corporate governance: problems and practice. Ulyanovsk: UlSTU, 2007.

Articles in peer review and professional journals

International:

Berezinets I., Ilina Y., Naoumova I., Berezkin K. Board of directors as a factor of firm performance in innovative companies. International Journal of Innovation Management, Vol. 23, Issue 6, 2019 (DOI)
Berezinets I., Bulatova L., Ilina Yu., Smirnov M. “Reactions of emerging stock markets to dividend announcements during economic growth: evidence from India and Russia.” Eurasian Economic Review, Vol.9, N1, pp. 71-89, 2019. (DOI)
Berezinets I., Ilina Yu., Alekseeva L. “Dividend policy and ownership structure: A study of Russian dual-class stock companies.” Corporate Ownership & Control, N15(1), pp. 199-212, 2017. (DOI)
Berezinets I., Ilina Yu., Cherkasskaya A. “Board structure, board committees and corporate performance in Russia.” Managerial Finance, Vol.43, Issue 10, pp.1073-1092, 2017. (DOI)
Berezinets I., Ilina Yu., Smirnov M., Bulatova L. “How Does Stock Market React to Dividend Surprises? Evidence from Emerging Markets of India and Russia.” Journal of Asia-Pacific Business, Vol.18, Issue 3, pp. 153-179, 2017. (DOI)
Berezinets I., Garanina T., Ilina Yu. “Intellectual capital of a board of directors and its elements: introduction to the concepts.” Journal of Intellectual Capital, Vol.17, Issue 4, pp. 632-653, 2016. (DOI)
Muravyev A., Berezinets I., Ilina Yu. “The Structure of Corporate Boards and Private Benefits of Control: Evidence from the Russian Stock Exchange.” International Review of Financial Analysis, Vol.34, pp. 247-261, 2014. (DOI)
Berezinets I., Ilina Yu., Alekseeva L. “Dividends on Common and Preferred Shares: the Relationship with the Ownership Concentration in Russian Public Companies.” Journal of Economic and Social Development, Vol.1, N2, pp. 48-59, 2014.

Russian:

Berezinets I., Garanina T., Ilina Yu. “Social Capital of Women Directors and Financial Performance of a Company: Empirical Study.” Russian Management Journal, N16(3), pp. 337-370, 2018. (DOI)
Berezinets I., Garanina T., Ilina Yu. “Dynamic Approach to Defining Intellectual Capital of Board of Directors and Its Structure.” Russian Management Journal, N15(3), pp. 357–382, 2017. (DOI)
Ambardnishvili T., Berezinets I., Ilina Yu., Smirnov M. “Board of Directors and Dividend Policy in Russian Companies with Direct State Ownership.” Journal of Corporate Finance Research, N11(1), pp. 50-77, 2017. (DOI)
Berezinets I., Ilina Yu., Smirnov M. “Boards of Directors in Russian State-Owned Companies.” Economics of Contemporary Russia, N2, pp. 90-106, 2016.
Berezinets I., Bulatova L., Ilina Yu., Smirnov M. “The Russian Market Reaction to Dividend Surprises: An Empirical Study.” Russian Management Journal, Vol.14, N2, pp. 29–48, 2016. (DOI)
Berezinets I., Garanina T., Ilina Yu. “Intellectual capital of a board of directors: introduction to the concepts.” International Journal of Management Theory and Practice, N4, pp. 69-76, 2016.
Berezinets I., Ilina Yu. “Business of directors and financial performance.” Vestnik of St. Petersburg State University, Management Series, N1, pp. 3-30, 2016.
Berezinets I., Bulatova L., Ilina Yu., Smirnov M. “The Russian market reaction to dividend announcements: an empirical study.” Vestnik of St. Petersburg State University, Management Series, N1, pp. 44-90, 2015.
Berezinets I., Ilina Yu. Corporate conflicts and financial performance. Vestnik of St. Petersburg State University, Management Series, N2, pp. 110-135, 2014.
Berezinets I., Bulatova L., Ilina Yu. “Dividend announcements impact on stock returns: evidence from the emerging market of India.” Vestnik of St. Petersburg State University, Management Series, N4, pp. 3-28, 2013.
Berezinets I., Ilina Yu., Cherkasskaya A. “Board structure and financial performance of Russian public companies.” Vestnik of St. Petersburg State University, Management Series, N2, pp. 3-52, 2013.
Muravyev A., Berezinets I., Ilina Yu. “Corporate Governance Conflicts and Employment and Wage Policies of Companies.” Russian Management Journal, Vol.10, N2, pp. 3-32, 2012.
Berezinets I., Alekseeva L., Ilina Yu. “The Impact of the Ownership Structure on the Dividend Policy of Russian Companies.” Vestnik of St. Petersburg State University, Management Series, N4, pp. 3-31, 2011.
Berezinets I., Alekseeva L., Ilina Yu. “Ownership Concentration and Dividend Policy: Russian public companies study.” Vestnik of St. Petersburg State University, Management Series, N3, pp. 3-31, 2011.
Ilina Yu., Berezinets I. “Transformation of Organizational Forms and Corporate Governance: Empirical Study of Russian Companies.” Vestnik of St. Petersburg State University, Management Series, N4, pp. 51–75, 2009.
Ilina Yu., Berezinets I., Orlova A. Disclosure Index and Financial Performance. Journal of Corporate Finance Research, N2(10), pp. 28–39, 2009.

Cases

Komarova N., Shirokova G., Ilina Yu. “Capital” insurance group: development strategy in the North-West region. / Management of organizational development: GSOM SPbU cases collection. In: Gladkikh I. (eds.) St. Petersburg: Publishing House of Graduate School of Management, 2009.
ZAO Avesta: Development of an Entrepreneurial Company in the Russian Insurance Market (Case/Teaching Note) / Shirokova G., Ilina Yu. - The European Case Clearing House (ECCH). — 2009. — Case N 809-044-1, p. 15. – Teaching Note N 809-044-8, p. 8.
Working Out Measures for Leading the Trading Company of Bread Industry LLC Tsarsky Khleb out of Crisis: Financial Aspects (Case/Teaching Note) / Tumarova T., Ilina Yu., Bandalyuk O. - The European Case Clearing House (ECCH). — 2007. — Case N 107-056-1, p. 44. – Teaching Note N 107-056-8, p. 16.

INTERNSHIPS ABROAD

European Foundation for Management Development (EFMD), Brussels, Belgium, 2011.
Haas School of Business at the University of California, Berkeley, USA, 2008, 2002, 2001, 1996.
Center for Russian and East European Studies at the University of Pittsburgh (REES), Pittsburgh, USA, 1995, 1996–1997.

CONFERENCES

International (last 5 years):

XXII April International Academic Conference on Economic and Social Development, Moscow, Russia, April 13-30, 2021. Paper: Berezinets I., Ilina Yu., Klyarovskaya N. “Crowdinvesting: success factors and investors preferences”.
XX-th Annual European Academy of Management (EURAM) conference, Dublin, Ireland, December 4-6, 2020. Paper: Berezinets I., Ilina Y. “Social capital of women directors: does it matter for a firm performance?”
7th International GSOM Emerging Markets Conference - 2020 (GSOM EMC 2020), St. Petersburg, Russia, November 11-21, 2020. Paper: Berezinets I., Ilina Yu., Klyarovskaya N. “Crowdinvesting: factors of performance and value for investors”
5th Annual ICGS Conference: Corporate Governance in Changing Institutional Environments, Colchester, United Kingdom, October 11-13, 2019. Papers: Ilina Yu., Berezinets I., Smirnov M. “Board composition and dividend policy: a study of Russian SOEs.”; Berezinets I., Alekseeva L., Ilina Yu. “Private equity investments and shareholder activism: empirical evidence from European transactions.”
6th International GSOM Emerging Markets Conference - 2019 (GSOM EMC 2019), St. Petersburg, Russia, October 3-5, 2019. Paper: Nikolchenko N., Berezinets I., Ilina Yu., Meshkova M. “The Problem of Supply Chain Profit Maximization Using Sales Rebate Contract.”
International Symposium on Teaching, Education, and Learning (ISTEL 2019), Tokyo, Japan, July 4-7, 2019. Paper: Ilina Yu., Berezinets I. “How Do Conflicts between Large Shareholders Affect Corporate Value?”, “How is Board Composition Related to Dividend Policy of Russian State-owned Companies?”
2019 AACSB international conference and annual meeting, Edinburgh, Great Britain, April 14-16, 2019.
5th International GSOM Emerging Markets Conference - 2018 (GSOM EMC 2018), St. Petersburg, Russia, October 4-6, 2018. Paper: Ilina Yu., Berezinets I., Garanina T. “Intellectual Capital of Women on Board of Directors: Evidence from Russian Companies.”
International Conference on Business and Information (BAI 2018), Seoul, Korea, July 6-8, 2018. Papers: Ilina Yu., Berezinets I. “Dual-class stock companies: how the ownership and dividend payments are related?”, “Is director business a determinant of company performance? Evidence from Russia.”
Second World Congress on Comparative Economics, St.Petersburg, Russia, June 15-17, 2017. Paper: Berezinets I., Ilina Y., Gardashova E. “Is busy board a determinant of financial performance of Russian public companies?”
17-th Annual European Academy of Management (EURAM) conference, Glasgow, Great Britain, June 21-24, 2017. Paper: Berezinets I., Ilina Y. “Corporate conflicts and financial performance: a study of Russian public companies”
2-nd annual ICGS conference, Waltham, USA, October 1-3, 2016. Paper: Berezinets I., Ilina Y., Bulatova L., Smirnov M. “Stock market reaction to dividend surprises: evidence from Russia and India”.

RESEARCH PROJECTS, GRANTS, HONORS AND AWARDS

RESEARCH PROJECTS AND GRANTS

“Board interlocks and financial performance: an empirical study” (research grant) // Research project, St. Petersburg State University, 2020-2021 (together with Berezinets I., Grigoriev D., Sokolova E., Zenkevich N.).
«Leadership and cooperation in supply chains” (research grant) // Research project, St. Petersburg State University, 2019-2020 (together with Zenkevich N., Berezinets I., Sokolova E.).
«6th International Conference GSOM EMC -2019: Management in digital age” // Russian Foundation for Basic Research, 2019.
“Intellectual capital of board of directors as a determinant of corporate performance in Russia” (research grant) // Research project, St. Petersburg State University, 2017-2018 (together with Berezinets I., Garanina T., Smirnov M.)
“Corporate boards diversity and corporate performance in Russia” (research grant) // Research project, St. Petersburg State University, 2014-2016 (together with Berezinets I., Garanina T., Smirnov M.)
“Dividend policy and corporate governance: a study of Russian open joint-stock companies” (research grant) // Research project, St. Petersburg State University, 2014-2015 (together with Berezinets I., Smirnov M.)
“Managers and the Private Benefits of Control: A Study of Dual Class Stock Firms in Russia” (research grant) // Research project, St. Petersburg State University, 2011 (together with Berezinets I.)
“Owners, Boards, Managers and the Private Benefits of Control: A Study of Dual Class Stock Firms in Russia” (research grant) // Economics Education and Research Consortium (EERC), 2009-2011 (together with Muravyev A., Berezinets I.)
“Owners, Boards, Managers and Employees: an Empirical Analysis of the link between Corporate Governance and Employment Policy of the Firm” (research grant) // Moscow Public Science Foundation (MPSF), 2010 (together with Muravyev A., Berezinets I.)

HONORS AND AWARDS

Certificate of Honor of the Ministry of Education and Science of the Russian Federation, 2018.

Other professors
OF THE DEPARTMENT

Alexander Yurievich Andrianov

Associate Professor, Department of Finance and Accounting. Co-director of Master in Corporate Finance program

Alexander Vasilievich Bukhvalov

Professor, Finance and Accounting

Jeffrey Dale Downing

Associate Professor

Yulia Borisovna Ilina

Associate Professor, Department of Finance and Accounting

Egor Dmitrievich Nikulin

Associate Professor, Department of Finance and Accounting

Vitaly Leonidovich Okulov

Senior Lecturer, Department of Finance and Accounting

Elena Moiseevna Rogova

Professor, Deputy Head, Department of Finance and Accounting

Carlos Joaquin Rincon

Senior Lecturer, Department of Finance and Accounting

Marat Vladimirovich Smirnov

Associate Professor, Department of Finance and Accounting

Darko B. Vukovic

Chief expert, Research Center for Market Efficiency and Applied Finance, Professor, Department of Finance and Accounting

Yulia Borisovna Ilina

EDUCATION AND ACADEMIC DEGREES

RESEARCH INTERESTS

ACADEMIC AND ADMINISTRATIVE POSITIONS

OTHER PROFESSIONAL ACTIVITIES

SELECTED PUBLICATIONS

INTERNSHIPS ABROAD

CONFERENCES

RESEARCH PROJECTS, GRANTS, HONORS AND AWARDS

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