doc. Bc. Jiří Novák, M.Sc., Ph.D.

Education

2001 – 2008 Uppsala University, Uppsala, Sweden, Ph.D.
2007 Columbia University, New York, USA, Chanzen visiting scholar
2006 Warwick University, Coventry, UK, visiting researcher
2002 – 2003 CERGE-EI, Prague, Czech Republic, visiting researcher
1999 – 2001 Uppsala University, Uppsala, Sweden, M.Sc.
1997 – 1998 University of Economics, Prague, Czech Republic, major: finance and accounting

Job history

2008 - Institute of Economic Studies, FSV UK, Assistant Professor

Monographs

Chapters in monographs

Articles

• Novák J. (2015). Systematic Risk Changes, Negative Realized Excess Returns and Time-Varying CAPM Beta. Finance a úvěr, 65(2), 167-190. UT-WOS link
• Novák J. (2014). Does Stock Liquidity Explain the Premium for Stock Price Momentum?. Finance a úvěr, 64(1), 79-95. UT-WOS link
• Novák J., & Petr D. (2010). CAPM beta, size, book-to-market, and momentum in realized stock returns. Finance a úvěr, 60(5), 447-460. UT-WOS link
• Novák J., & Bilinski P. (2018). Social stigma and executive compensation. Journal of Banking and Finance, 96(November), 169-184. UT-WOS link
• Čornanič A., Novák J., & Šarapatka J. (2018). Religion, corporate governance, and executive compensation. Finance a úvěr, 68(1), 34-70. UT-WOS link
• Kurzeja J., & Novák J. (2017). Corporate Governance Quality and a Firm's Adaptation to Competitive Threats. Finance a úvěr, 67(1), 53-78. UT-WOS link
• Hamberg M., & Novák J. (2010). Accounting conservatism and transitory earnings in value and growth strategies. Journal of Business Finance and Accounting, 37(5-6), 518-537. UT-WOS link
• Hrazdil K., Novák J., Rogo R., Wiedman C., & Zhang R. (2020). Measuring executive personality using machine-learning algorithms: A new approach and audit fee-based validation tests. Journal of Business Finance and Accounting, 47(3-4), 519-544. UT-WOS link
• Hrazdil K., & Novák J. (2023). Executive personality and the gender pay gap. Finance Research Letters, 53(May), UT-WOS link
• Čornanič A., & Novák J. (2015). Signaling by Underpricing the Initial Public Offerings of Primary Listings in an Emerging Market. Finance a úvěr, 65(4), 307-335. UT-WOS link
• Chung D., Hrazdil K., Novák J., & Suwanyangyuan N. (2019). Does the large amount of information in corporate disclosures hinder or enhance price discovery in the capital market?. Journal of Contemporary Accounting and Economics, 15(1), 36-52. UT-WOS link
• Hamberg M., Paananen M., & Novák J. (2011). The adoption of IFRS 3 : the effects of managerial discretion and stock market reactions. European Accounting Review, 20(2), 263-288. UT-WOS link
• Astakhov A., Havránek T., & Novák J. (2019). Firm size and stock returns: a quantitative survey. Journal of Economic Surveys, 33(5), 1463-1492. UT-WOS link
• Hrazdil K., Kim J., Novák J., & Zatzick C. (2023). Managerial risk aversion and the structure of executive compensation. Corporate Governance: an International Review, 31(4), 563-581. UT-WOS link
• Yang F., Havránek T., Iršová Z., & Novák J. (2024). Is research on hedge fund performance published selectively? A quantitative survey. Journal of Economic Surveys, 38(4), 1085-1131. UT-WOS link
• Žigraiová D., Havránek T., Iršová Z., & Novák J. (2021). How puzzling is the forward premium puzzle? A meta-analysis. European Economic Review, 134(May), 1-30. UT-WOS link

Contributions in the conference proceedings

2007 Swedish Foundation for International Cooperation in Research and Higher Education Scholarship
2007 Royal Swedish Academy of Sciences Grant
2006 Hedeliusstipendium for International Studies, Handelsbanken
2006 Bertil Edlunds Scholarship

JEM132 - Company Valuation
JEB044 - Financial Accounting

Master theses

I welcome proposals to supervise Master’s and Bachelor’s theses in financial accounting, financial analysis, company valuation, corporate finance, and behavioral finance. I only supervise theses written in English that have a clear ambition to be graded A (“1 Výborně”). Before agreeing to supervise a thesis I ask students to prepare a 5-page long thesis proposal that discusses the research question and specifies and motivates the hypotheses. Download below a document containing recommendations about how to write a good proposal. In addition, find below several files (templates) that could help you in your work.

Financial Accounting, Corporate Finance, Company Valuation