Natalia Ermasova, Ph.D.

  Associate Professor
  708-534-4978 ext. 4978
  Office Location: C3340
  Office Hours: Tue. & Thu. 5 – 7:30 p.m.
  College: CAS

Public Administration - M.P.A.
Division of Arts and Letters
Interdisciplinary Leadership, Ed.D.


Dr. Natalia Ermasova is Associate Professor of Public Finance at Governors State University. She earned a PhD of Public Finance (School of Public and Environmental Affairs, Indiana University, USA), PhD of Economics (Russia). Her primary research interests is public finance, risk-management, innovation management, and the state capital budgeting. Before starting her work in the USA, she worked as a Professor of Finance in the Volga Region Academy for Civil Services in Russia for 12 years and as Full Professor of Saratov State University for 2 years. She was Visiting Professor in Germany (Ludwigsburg Academy for Civil Services) in 2018 and 2008. Natalia was Fulbright Visiting Professor in SPEA at Indiana University).

Dr. Ermasova was awarded the 2017 Excellence Award for the Research and Teaching Activity at the Governors State University. Her rigorous research training and mentoring of the leading public finance and management scholars at the SPEA IU prepared me to be an effective researcher. Her doctoral dissertation was conducted under the direction of Professor John Mikesell and it aims to develop a theoretical and methodological framework that explains a state capital budgeting. Her research projects won Governors State University Research Grants in 2014 and 2017. The Grant of German Program of Academic Exchanges of Teachers and Researchers (DAAD) gave her great opportunity to do research at Hochschule für öffentliche Verwaltung und Finanzen in Ludwigsburg (Ludwigsburg University of Public Administration and Finance) in Germany in 2008 and 2018.

Over the last six years, Dr.Ermasova have published 31 articles in peer-review journals, two textbooks, five chapters in Global Encyclopedia of Public Administration, Public Policy, and Governance (GEPAPPG) and participated in numerous conference presentations. She is the Co-Editor of anthology “Capital Management and Budgeting in the Public Sector: Normative Theory and Practice in a Global Context” that would be published in December 2018. In addition, she wrote three chapters about capital budgeting in the USA, Germany, and Russia for this anthology. Around 45 works (books and articles) were published in Russia, and five textbooks are recommended by the Russian Ministry of Education for students who study Public Finance, Finance, Insurance, Financial Management, and Innovation Management in the Russian universities.

Curriculum Vitae

Dr. Natalia Ermasova 

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Natalia Ermasova

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Convocation 2017 Kicks Off a New Year