Areas of expertise

Finance and Accounting

Programme – PhD (full-time), 2016


Prior to starting his PhD, Mikhail had had over a decade of commercial experience with significant international component in the media and entertainment industry. His roles included a five-year stint as a demographics analyst and marketing manager with a large Eastern European TV studios; two years as senior acquisitions executive for Russian TV distributors and broadcasters; and over four years as an independent programming strategy consultant for a Central Asian broadcaster and thematic national channels in Russia. He received his MBA from Cranfield in 2011 and his M.A. in English Linguistics from MSLU in Moscow in 2003. Mikhail is fluent in Russian and English and knows a bit of French. He is an avid book reader and a film fan.

Research opportunity

Primary Supervisor: Professor Yacine Belghitar

For the past four decades researchers have debated why the shares of IPO firms exhibit abnormally high short-term trading returns yet underperform over the longer term. My research explores how different types of corporate disclosures (voluntary vs. mandatory, and “hard/quantitative” vs. “soft”) impact on this anomalous share performance. Which parties to the process (book managers, powerful shareholders, top management) have a role to play? As the firm offers its shares to the public for the first time, are investors attracted or deterred by what is revealed and by how the launch is covered in the media? These are some of the key topics Mikhail's dissertation strives to contribute to.

Sector: Financial markets

Research methods:​ Quantitative (Econometric analysis)

Why I chose Cranfield: I was looking for a good European business school to start an academic career, and as I did my degree here a few years earlier, I knew Cranfield’s standing and loved its “knowledge-into-action” ethos. And, of course, I was always impressed by the intelligence and depth of expertise which Cranfield faculty bring to the classroom.

Current activities

Mikhail's first empirical paper explored how the tone of media coverage of young public companies evolved in the aftermath of the global financial crisis. He is currently working on his second paper which looks at how corporate disclosures about a firm’s top management affect stock-trading returns.