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Graduate Programs

Merrimack College


B.S. Accounting, University of Nevada, Las Vegas, NV
MBA/MSF, Boston College, Chestnut Hill, MA
Ph.D. Financial Economics, University of New Orleans, LA

O’Reilly 412
Phone: (978) 837-5481

 Courses Taught

Global Economy


Recent Publications and Professional Experience

Working Papers:

Shareholder-Rights Protection and Firm Performance: Evidence from Equity Carve-outs.

Board Structure and Firm Performance: The Case of Equity Carve-outs.

Ownership Structure and Firm Performance in Equity Carve-outs: An Empirical Analysis.

Corporate Governance and the Financial Life-Cycle Theory of Dividends: An Empirical Analysis.

 Conference Presentations:

 Andrew Mulindwa Kayanga, (2010). Shareholder-Rights Protection and Firm Performance: Evidence from Equity Carve-outs. Midwest Finance Association (MFA), Las Vegas, NV- February 2010.                                              

Professional Experience

Andrew has over 15 years of combined academic and industry experience. Inspired by his passion for applying academic research to practical investment solutions Andrew co-founded Cognis Group LLC, in 2011 - a Registered Investment Advisor (RIA) with the State of Massachusetts that provides retirement consulting and lifetime income solutions to plan sponsors and participants.  Andrew is also a CFA Charterholder and a Certified Risk Manager (FRM).

He is a member of the CFA Institute, Global Association of Risk Professionals (GARP), Financial Planning Association (FPA), Retirement Income Industry Association (RIIA), American Society of Pension Professionals & Actuaries (ASPPA), National Association of Plan Advisors (NAPA), and the Boston Security Analysts Society (BSAS).