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Financial Economists

Atanas Mihov

Atanas Mihov

I am interested in a wide spectrum of research areas, including banking, corporate finance, corporate governance, international finance and investments.

  • Biography

    Professional Experience

    Atanas Mihov is a financial economist in the Quantitative Supervision & Research group of the Supervision, Regulation and Credit department. He joined the Richmond Fed after completing his Ph.D. degree in finance at the University of Florida. His work focuses on financial institution quantitative surveillance, stress testing and supervisory model development.


    Ph.D., Finance, University of Florida, 2014
    B.S., Business Administration – Finance, Ramapo College of New Jersey, 2008

    Curriculum vitae

  • Publications
    Liberty Street Economics, January 07, 2019

    The term “operational risk” often evokes images of catastrophic events like hurricanes and earthquakes. For financial institutions, however, operational risk has a broader scope, encompassing losses related to fraud, rogue trading, product misrepresentation, computer and system failures, and cyberattacks, among other things. In this blog post, we discuss how operational risk has come into greater focus over the past two decades—to the point that it now accounts for more than a quarter of financial institutions’ regulatory capital.

    Gara Afonso, Filippo Curti and Atanas Mihov

    “Foreign Investment, Regulatory Arbitrage, and the Risk of U.S. Banking Organizations,” Journal of Financial and Quantitative Analysis, Accepted (with S. Frame and L. Sanz)

    “Corporate Internationalization, Subsidiary Locations, and the Cost of Equity Capital,” Journal of International Business Studies, Accepted (with A. Naranjo)

    “Property Rights Institutions, Foreign Investment, and the Valuation of U.S. MNCs,” Journal of Financial Economics, Accepted (with L. Lin, L. Sanz, D. Stoyanova)

    “Operational Risk and Risk Management Quality: Evidence from U.S. Bank Holding Companies,” Journal of Financial Services Research, Forthcoming (with A. Abdymomunov)

    “Fraud Recovery and the Quality of Country Governance,” Journal of Banking & Finance, 2018, 87: 446-461 (with F. Curti)

    “Customer-base concentration and the transmission of idiosyncratic volatility along the vertical chain,” Journal of Empirical Finance, 2017, 40: 73-100 (with A. Naranjo)

    “Predisclosure accumulations by activist investors and price impact of trading,” Review of Finance, 2016, 20 (1): 231-263

phone Contact Us

Atanas Mihov (704) 358-2464