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Dobrina Jandik

Associate Professor

  • Education
  • M.B.A., Business Administration, University of Montana 
    M.S.E., Master of Engineering (Process Control), University of Chemical Technology and Metallurgy 
    Ph.D., Finance, University of Arkansas
  • Research Interests
  • Corporate finance, mergers and acquisitions, international finance and development, regulation of capital markets, impact of law and culture on global contracts.

Dobrina Jandik received her PhD in finance from the University of Arkansas. Her work has been presented at national and international finance conferences, including Financial Management Association, Eastern Finance Association, Midwest Finance Association and Southern Finance Association, as well as several finance research seminars around the country.

Jandik’s research and teaching interests include corporate finance, mergers and acquisitions, international finance and development, regulation of capital markets and the impact of law and culture on global contracts. Her work has been published in leading finance journals such as the Journal of International Financial Markets and Institutions and Money and Journal of Multinational Financial Management. Jandik’s corporate experience is in the field of health care management.

Jandik holds a master’s degree in engineering from the University of Chemical Engineering and Metallurgy in Sofia, Bulgaria, where she won the best engineering student award. In addition, she holds an MBA degree from the University of Montana, where she won the outstanding female foreign student award.

Jandik is fluent in Bulgarian and English, and has a working knowledge of Russian and Czech.


  • American Financial Association Student Travel Award, 2007

  • Eastern Finance Association
  • Financial Management Association
  • Midwest Finance Association
  • Southern Finance Association
  • Journal of Financial Services Management, Reviewer
  • Journal of International Financial Markets, Institutions and Money, Reviewer
  • The Financial Review, Reviewer
  • Publications
  • Jandik, D. (2015). Internal corporate governance: The role of residual income in divisional allocation of funds. Advances in Financial Economics, (18), pp. 165-206
  • Baxamusa, M., & Jandik, D. (2013). Two step acquisitions and liquidity spread. Journal of Economics and Finance, (37)(1), pp. 1-23
  • Jandik, D., & Wilson, L. (2013). TARP's dividend skippers. International Journal of Financial Services Management, (6)(4), pp. 293-308
  • Jandik, D., & Jandik, T. (2012). Alternative paths of convergence toward U.S. market and legal regulations: Cross Listings vs. merging with U.S. bidders. Journal of Multinational Financial Management, (22)(5), pp. 230-251
  • Jandik, D., Jandik, T., & Lee, W. (2012). The impact of laws, regulations, and culture on cross-border joint ventures. Journal of International Financial Markets, Institutions and Money, (22), pp. 774-795
  • Daugherty, M. S., & Jandik, D. (2011). Foreign cultures, Sarbanes-Oxley Act and cross-delisting. Journal of Multinational Financial Management, (21)(ISSN 1042-444X), pp. 208-223
  • Jandik, D. (2009). Does Sarbanes-Oxley Act chase away foreign firms? Evidence from ADR terminations. (8)(2), pp. 115-128
  • Jandik, D., Fleming, M., Joo¬Lee, Y., & Shooshtari, N. (2003). Korean management system after the Asian crisis: Restructuring of the Korean Chaebol. (5)(7)

  • Associate Professor, University of St. Thomas - Opus College of Business, Saint Paul / Minneapolis (2014 - present)
  • Assistant Professor, University of St. Thomas - Opus College of Business, St. Paul / Minneapolis (2008 - 2014)
  • Instructor, University of Arkansas - Sam Walton College of Business, Fayetteville (2004 - 2007)
  • Business Analyst, SAS, APS Healthcare, Missoula (2002 - 2003)