Nonna Sorokina, Ph.D.

Nonna litvak head and shoulders photo
Assistant Professor, Business
Business Building, 114
Penn State Scranton
120 Ridge View Drive
Dunmore, PA 18512

Dr. Nonna Sorokina is a passionate teacher/scholar in the finance and quantitative fields. She is an Assistant Professor at Penn State University. Prior to joining Penn State, Dr. Sorokina taught at Kent State University, Wake Forest University, and TCNJ. Her primary teaching interests extend to the area of Corporate Finance, Financial Markets and Institutions, and Quantitative Analysis. A commitment to life-long intellectual growth largely defines her teaching philosophy. Dr. Sorokina emphasizes practicality of the discipline and routinely prompts students to relate courses’ content to real world situations during regular discussions of current economic events and business initiatives. Frequent assessments and continuous grading feedback keep students aware at all times of their current course progress and additional effort required for a successful course completion. Dr. Sorokina devotes significant time and utmost attention to her interaction with students. Productive co-operation between students and a professor is a cornerstone of learning success and Dr. Sorokina diligently fulfills her role in this partnership.

Dr. Sorokina’s academic qualification is supported by over 20 year-long career in the financial industry, where she worked for Ohio Savings Bank, AmTrust Bank, Charter One Bank, New York Community Bank, and Freedom Mortgage as a programmer/analysts, business systems analyst, financial and quantitative analyst, and project manager. Her primary expertise is in Mortgage Origination/Secondary Mortgage Marketing, Credit Cards and Correspondent Banking area.

AFFILIATIONS

  • AFA (American Finance Association)
  • FMA (Financial Management Association)
  • EFA (Eastern Finance Association)
  • MFA (Midwest Finance Association)
  • IFABS (International Finance and Banking Society)
  • Beta Gamma Sigma (Honors Society Recognizing Business Excellence)

HONORS AND AWARDS

  • 2022 RISE Grant in Support of AI Research (competitive)
  • 2021 Teaching and Learning with Technology Distinguished Service Award
  • 2021 Faculty Research Development Grant (competitive)
  • 2021 Greater Scranton Penn State Chapter Faculty Research Endowment Grant (competitive)
  • 2020 Dr. & Mrs. Richard J. Matthews Award for Excellence in Scholarship (competitive)
  • 2020 Greater Scranton Penn State Chapter Faculty Research Endowment Grant (competitive)
  • 2017 TCNJ Support of Scholarly Activities (competitive)
  • 2017 TCNJ Professional Development Grant (competitive)
  • 2014 MWDSI Best Application Paper Award
  • 2013 FMA European Doctoral Student Consortium
  • 2013 KSU International Travel Grant (competitive)
  • 2012 KSU School of Business Dean’s Best Paper Award
  • 1998 Diploma of Specialist in Finance and Banking with Honors 
  • 1993 High School Diploma with Honors

Dr. Nonna Sorokina's research interests include capital structure, financial regulation, financial crises; applications of advanced quantitative analysis in Finance, e.g. regression methods robust to outliers and multicollinearity, change point analysis, forecasting models, variable selection, Bayesian statistics and simulation analysis

  • Why Do Banks Choose to Finance with Equity? Nonna Y. Sorokina, John H. Thornton, Jr., and Ajay Patel, 2017. Journal of Financial Stability, Vol.30, June 2017, p. 36-52 Presented at the FMA’14, MFA’15, EFA’15
     
  • Reactions of Equity Markets to Recent Financial Reforms. Nonna Sorokina and John H. Thornton, 2016. Journal of Economics and Business, Vol. 87, September-October 2016, p. 50-69
    KSU School of Business Dean’s Best Paper 2012 Award. Presented at the MFA’12, at the FMA European’13, at the IFABS’13(invited paper in the special session organized by the Federal Reserve Bank of Cleveland), and at the FMA International’13 
     
  • Analyst Optimism in the Automotive Industry: A Post-Bailout Boost and Methodological Insights. Barry Hettler, Yertai Tanai, Nonna Sorokina and David Booth, 2015. Journal of Data Science, Vol.13, No.3 (July), p. 473-494. Presented at the MWDSI’13
     
  • Robust Methods in Event Studies: Empirical Evidence and Theoretical Implications. Nonna Y. Sorokina, David E. Booth and John H. Thornton, Jr., 2013. Journal of Data Science, Vol.11, No.3 (July), p. 607-621. Presented at the EFA’12, FMA’12
     

Ph.D. in Finance, with a minor in Applied Statistics 
Kent State University, Kent, OH, 2010-2014

MBA, concentration in Finance 
Cleveland State University, Cleveland, OH, 2005-2007

Diploma of Specialist in Finance and Banking 
Donetsk State University, Donetsk, Ukraine, 1993-1998

CONFERENCE PRESENTATIONS

  • Consumer and Bank Credit Consequences of the Opioid Epidemic. 2021 FMA Annual Meeting, Denver, CO 
  • Consumer and Bank Credit Consequences of the Opioid Epidemic. 2021 FMA DESI Seminar, Denver, CO 
  • Are Listed Banks Riskier than Private Banks? 2021 AFFI Meeting, virtual 
  • Are Listed Banks Riskier than Private Banks? 2021 EFA Annual Meeting, virtual 
  • Are Listed Banks Riskier than Private Banks? 2021 FMA European Annual Meeting, virtual 
  • Bank Capital and Firm Capital 2020. FMA Annual Meeting, virtual 
  • Bank Capital and Firm Capital 2020. EFA Annual Meeting, Boston, MA (cancelled due to COVID-19) 
  • Are Listed Banks Riskier than Private Banks? 2019 FMA Annual Meeting, New Orleans, LA 
  • Risk Mitigation Instead of Risk Shifting: the Role of Liquidity in Capital Regulation. 2019 FMA European Annual Meeting, Glasgow, Scotland* 
  • Risk Mitigation Instead of Risk Shifting: the Role of Liquidity in Capital Regulation. 2019 MFA Annual Meeting, Chicago, IL 
  • Risk Mitigation Instead of Risk Shifting: the Role of Liquidity in Capital Regulation. 2018 India Finance Conference, Calcutta, India* 
  • Risk Mitigation Instead of Risk Shifting: the Role of Liquidity in Capital Regulation. 2018 FMA Annual Meeting, San Diego, CA 
  • Risk Mitigation Instead of Risk Shifting: the Role of Liquidity in Capital Regulation. 2018 EFA, Philadelphia, PA 
  • Risk Mitigation Instead of Risk Shifting: the Role of Liquidity in Capital Regulation. 2018 FMA Asia/Pacific Annual Meeting, Hong Kong* 
  • Banks Size Matters When it Comes to Leverage Components. 2017 MWDSI, Grand Rapids, MI* 
  • Variable Selection: a Case of Bank Capital Structure Determinants. 2016 MWDSI, Valparaiso, IN* 
  • Why Do Banks Choose to Finance with Equity? 2015 EFA Annual Meeting, New Orleans, LA  
  • Why Do Banks Choose to Finance with Equity? 2015 MFA Annual Meeting, Chicago, IL  
  • Why Do Banks Choose to Finance with Equity? 2014 FMA Annual Meeting, Nashville, TN  
  • Chasing the Change: a Study of DAX Returns and its Futures Liquidity. 2014 EFA Annual Meeting, Pittsburgh, PA  
  • Chasing the Change: a Study of DAX Returns and its Futures Liquidity. 2014 MWDSI, Chicago, IL* 
  • Reactions of Equity Markets to Recent Financial Reforms. 2013 FMA Annual Meeting, Chicago, IL  
  • Reactions of Equity Markets to Recent Financial Reforms. 2013 International Finance and Banking Society (IFABS) Conference “The Search for Financial Stability: Models, Policies and Prospects”, Nottingham, UK  
  • Bank Capital Structure. 2013 FMA European Doctoral Student Consortium, Luxembourg City, Luxembourg  
  • Reactions of Equity Markets to Recent Financial Reforms. 2013 FMA European Annual Meeting, Luxembourg City, Luxembourg  
  • MBS Prepayment Speed and More: Forecasting Model Based on Pure Rational Behavior, Quasi-Simulation and Empirical Restrictions. 2013 EFA Annual Meeting, St. Pete Beach, FL  
  • Long-term impact of Gramm-Leach-Bliley Act on the financial industry. 2013 EFA Annual Meeting, St. Pete Beach, FL  
  • Analyst Optimism in the Automotive Industry: A Post-Bailout Boost and Methodological Insights. 2013 MWDSI, Twinsburg, OH* 
  • Reactions of Equity Markets to Recent Financial Reforms. 2012 FMA Annual Meeting, Atlanta, GA  
  • Reactions of Equity Markets to Recent Financial Reforms. 2012 EFA Annual Meeting, Boston, MA  
  • Reactions of Equity Markets to Recent Financial Reforms. 2012 MFA Annual Meeting, New Orleans, LA 

     *presented by co-author

RESEARCH SEMINARS

  • Are Listed Banks Riskier than Private Banks? April 2021, Penn State University, Wake Forest, PA
  • Are Listed Banks Riskier than Private Banks? March 2021, Penn State University, State College, PA
  • Are Listed Banks Riskier than Private Banks? March 2021, Federal Reserve Bank of Philadelphia, Philadelphia, PA
  • Bank Capital Structure and Firm Capital Structure, February 2021, Pennsylvania State University, BSB Colloquium, Virtual, Multiple locations
  • Are Listed Banks Riskier than Private Banks? December 2020, University of Delaware, Newark, DE
  • Are Listed Banks Riskier than Private Banks? October 2020, Temple University, Philadelphia, PA
  • Are Listed Banks Riskier than Private Banks? February 2020, Carnegie Mellon University, Pittsburgh, PA
  • Risk Mitigation Instead of Risk Shifting: the Role of Liquidity in Capital Regulation. April 2019, Temple University, Department of Finance, Philadelphia, PA
  • Risk Mitigation Instead of Risk Shifting: the Role of Liquidity in Capital Regulation. March 2019, Fordham University, Department of Finance and Business Economics, NYC, NY
  • Long-term impact of GLBA. November 2018, School of Business, TCNJ, Ewing, NJ
  • Understanding Bank Leverage through the Motivation Prism: The Role of Liquidity. September 2018, Research Department of the Federal Reserve Bank of Philadelphia, Philadelphia, PA
  • Understanding Bank Leverage through the Motivation Prism: The Role of Liquidity. April 2018, Hofstra University, Department of Finance, Hempstead, NY
  • Chasing the change: a study of DAX returns and its futures liquidity. April 2018, School of Business, TCNJ, Ewing, NJ
  • Bank Capital and Firm Capital. October 2017, School of Business, TCNJ, Ewing, NJ
  • Bank Capital Components. September 2017, Department of Finance, KSU, Kent, OH
  • Bank Capital Components. April 2017, School of Business, TCNJ, Ewing, NJ
  • Bank Capital in General Capital Structure Framework with Competition, Diversification and Liquidity. October 2014, Department of Finance, UNC Charlotte, Charlotte, NC
  • Bank Capital and Theory of Capital Structure. April 2014, Department of Finance, KSU, Kent, OH
  • Cross-Industry and Cross-Country Reactions of Equity Markets to Recent Financial Reforms. 
  • April 2013, Department of Finance, KSU, Kent, OH
  • Dean’s Best Paper Finalists, April 2012, School of Business, KSU, Kent, OH 
  • Analyst optimism in the automotive Industry: a post-bailout boost and methodological insights. December 2012, Department of Management and Information Systems, KSU, Kent, OH