Anete Pajuste

Research Associate

Anete Pajuste is assistant professor of finance at the Riga Business School. Her primary research focus is on the issues of investor protection and corporate governance. Her articles have appeared in several journals including the Journal of Banking and Finance, the Oxford Review of Economic Policy, and the Economics of Transition. Professor Pajuste received a Ph.D. in finance from the Stockholm School of Economics in 2004. During her doctoral studies, she spent a year as a visiting research fellow at the Harvard University, and a semester at the European Central Bank. Before beginning her doctoral studies, she was the head of research at the asset management division of Rietumu Banka. In parallel with her academic work, Professor Pajuste serves as a consultant to small and medium-size companies in Latvia advising on financial planning, investment management, and firm valuation issues. Her most recent engagement involves serving as a financial advisor to the CEO of the state-owned postal services company „Latvijas Pasts”.

Expertise

Corporate Financ
Corporate Governance
Behavioral Finance
Transition Economies

Education

PhD in finance, Stockholm School of Economics (Sweden), 2000-2004

Visiting Fellow at the Department of Economics, Harvard University (Cambridge MA), Jan2002-Jan 2003

MSc in International Business and Finance, Stockholm School of Economics (Sweden) 1997-1999 

BSc in Economics and Business, Stockholm School of Economics in Riga (Latvia) 1995-1997

Previous Positions

Teaching assistant, Thesis supervisor, Emerging Markets Analyst,  Head of Research, Trainer and author of executive education course, Staff writer.

Recent Publications

“Do Good Governance Provisions Shelter Investors from Contagion? Evidence from the Russian Crisis”, 2007, Economics of Transition 15(4), pp.807-824.

“What Do Firms Disclose and Why? Enforcing Corporate Governance and Transparency in Central and Eastern Europe” (with Erik Berglöf), 2005, Oxford Review of Economic Policy Review of Economic Policy 21(2), pp. 178-197.

“Multiple Large Shareholders and Firm Value” (with Benjamin Maury), Journal of Banking and Finance 29 (2005), pp. 1813-1834.

"Do Good Governance Provisions Shelter Invesors from Contagion? Evidence from the Russian Crisis", Beyond Transition, World Bank Newsletter, December 2004, Volume 15, No.1, pp. 10-11

Working Papers

"Determinants and consequenses of the unification of dual-class shares", ECB Working Paper No.465/ March 2005

"Corporate Governance and Stock Market Performance in Central and Eastern Europe: A Study of Nine Countries 1994-2001", School of slavonic and East European Studies, University College London, Centre for the Study of Economic and Social Change in Europe: Working Paper No. 22, 2002

Other info 

E-mail anete.pajuste@rbs.lv

Phone (+317) 2 618 6301