Ivana Naumovska

Ivana Naumovska is an Assistant Professor of Entrepreneurship and Family Enterprise at INSEAD. She teaches courses on entrepreneurial acquisitions. Before joining INSEAD, she held a Postdoctoral position at the Kellogg School of Management, Northwestern University.

Professor Naumovska studies organisational behaviour in the context of financial markets. In particular, she examines the mechanisms by which social-psychological and institutional factors combine to influence stock market evaluations of firms and their practices. The overarching goal of her research is to better understand the societal dynamics that govern financial market responses to firm behaviours, while advancing organisational and strategy theories that can improve the decision making of entrepreneurs, managers, and investors.

Professor Naumovska holds a PhD in Strategic Management (cum laude) and an MA in Finance (cum laude) from the Rotterdam School of Management, Erasmus University, and a BA in Financial Economics (cum laude) from the Utrecht School of Economics, Utrecht University. In 2015, her dissertation won the Best Dissertation Prize from the Erasmus University and the Netherlands Royal Academy of Arts and Sciences.

RESEARCH AREAS

Strategic Management and Organization Theory, Sociological Influences on Financial Markets, Symbolic Management, Reverse Mergers and Special Purpose Acquisition Companies

Education

• Postdoctoral student Northwestern University - Kellogg School of Management (2014 — 2015)
• Visiting PhD student Northwestern University - Kellogg School of Management (2012 — 2014)
• Doctor of Philosophy - PhD Rotterdam School of Management, Erasmus University (2010 — 2014)
• Master of Science - MS Rotterdam School of Management, Erasmus University (2007 — 2009)
• Bachelor Utrecht University (2004 — 2007)
• International Baccalaureate Druga Gimnazija, Maribor (2002 — 2004)
• HEC Paris

Publications

• Naumovska I., Lavie D. (2021). When an Industry Peer is Accused of Financial Misconduct: Stigma Versus Competition Effects on Non-Accused Firms. Administrative Science Quarterly
• Naumovska I., Zajac E. J. (2021). How Inductive and Deductive Generalization Shape the Guilt by Association Phenomenon Among Firms: Theory and Evidence. Organization Science
• Naumovska I., Gaba V., Greve H. (2021). The Diffusion of Differences: A Review and Reorientation of 20 Years of Diffusion Research. Academy of Management Annals, 15(2)
• Naumovska I., Zajac E. J., Lee P. M. (2021). Strength and Weakness in Numbers? Unpacking the Role of Prevalence in the Diffusion of Reverse Mergers. Academy of Management Journal, 64(2)
• Naumovska I. (2021). The SPAC Bubble Is About to Burst. Harvard Business Review Digital Articles
• Naumovska I., Wernicke G., Zajac E. J. (2020). Last to Come and Last to Go? On the Complex Role of Gender and Ethnicity in the Reputational Penalties for Directors Linked to Corporate Fraud. Academy of Management Journal, 63(3)
• Naumovska I., De Jong A. (2016). A Note on Event Studies in Finance and Management Research. Review of Finance, 20(4)