Olga GolubevaAssociate Professor
About me
Olga Golubeva defended her PhD in 2001 at Stockholm Business School, Stockholm University. Dr Golubeva's academic career is combined with over 20 years of management experience in investment and corporate banking, among others at Lundin Group, Crédit Agricole Indosuez (Calyonbank), and Swedbank. Olga's research interests include financial accounting and analysis, international business, and sustainability. She is a member of the Swedish Financial Analysts Association (Finansanalytikers förening) and the European Accounting Association.
Since January 2017 she has been a lecturer at the Department of Accounting, Stockholm Business School, Stockholm University. Olga's research has been published in academic journals such as "Accounting, Auditing & Accountability Journal", "Corporate Governance", "Journal of Contemporary Accounting and Economics", etc. In 2022 Olga Golubeva became a winner of an award for Outstanding Paper in the 2022 Emerald Literati Awards.
Currently, Olga Golubeva is engaged in the following courses: “Corporate Enterprise Analysis”, a Bachelor program; ”Advanced Research Methods in Accounting and Operational Management”, a Master program; Executive MBA program; "Doing accounting research", Bachelor program, C-level. Olga also acts as a Bachelor/Master/PhD Thesis Supervisor.
Publications swepub
http://swepub.kb.se/hitlist?q=Olga+Golubeva&d=swepub&m=10&p=1&s=c
Publications
A selection from Stockholm University publication database
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The impact of liquidity risk on bank profitability: some empirical evidence from the European banks following the introduction of Basel III regulations
2019. Olga Golubeva, Michel Duljic, Ripsa Keminen.
ArticleResearch Question: The study investigates the impact of liquidity on bank profitability following implementation of the Basel III regulations. Motivation: The theoretical framework of the paper draws upon previous research (Athanasoglou et al., 2008; Arif & Nauman Anees, 2012 and Dietrich et al., 2014) and assumes liquidity ratios to have a varying influence on bank profitability, depending upon a bank's specific and macroeconomic indicators. Idea: This study considers multiple proxies of bank liquidity, including Liquidity Coverage Ratio, a new measure inspired by the Basel III framework, and Loan-to-deposit and Financing gap ratio. Alongside traditionally-applied profitability measures, Earnings before Taxes, Depreciation and Amortisation are assumed to be alternative proxies. Data: In the study, a data set of 45 European banks with 180 observations during 2014-2017 and 37 observations for 2018 has been analysed. Tools: The study proposes a quantitative model based upon Ordinary Least Squires techniques complemented by Weighted Least Squares regressions analysis. Findings: The alternative liquidity risk measures have a significant and positive impact only on some profitability proxies, and an insignificant effect on others. The Basel III liquidity measure, LCR, was an insignificant contributor to all return proxies, which requires further investigation. The results also indicate that an increase in bank size and net provision for loan losses decreases profitability proxies. We also found mixed results concerning the effects of deposits and securities gains and losses on bank profits, and provided possible explanation.
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Environmental Sustainability as a Determinant of Foreign Direct Investments
2018. Olga Golubeva. The Impact of Globalization on International Finance and Accounting, 15-26
ChapterA regression model which investigates the relationship between locational choice of multinational enterprises (MNE) and environmental sustainability in host countries as the determinant of foreign direct investments (FDI) has been suggested. The following proxies are proposed for analysis of the environmental sustainability: variables measuring environmental damage, efficiency of natural resources’ employment, availability of renewable resources and, finally, governmental ability to maintain a fair distribution of resources. Swedish FDIs in 73 countries worldwide have been examined using a dataset provided by Statistics Sweden. According to the study, 83.2% of variation in the dependent variable, FDI, can be explained by the profitability of investments. The empirical evidence also indicates that environmental sustainability has little impact on foreign investors and that most investment location decisions are not made on the basis of environmental sustainability criteria, at least as it represented by proxies chosen in the paper.
Show all publications by Olga Golubeva at Stockholm University