Financial Economists
Efdal Ulas Misirli
Efdal Ulas Misirli (Ulas) is a senior financial economist in Banking Supervision. He contributed to the Stress Test National Program as a model developer and economist, and currently serves as the modeling deputy lead for its global market shock scenario design arm. His areas of expertise include public equity, private equity and traded credit. Misirli also conducts academic research in empirical asset pricing and stock market anomalies. He has published articles in Management Science, Financial Management and European Financial Management.
Prior to joining the Richmond Fed, Misirli was an assistant professor of finance at the University of Connecticut.
Misirli received his bachelor’s and master’s degrees from Bogazici University (Turkey) and earned his doctoral degree in finance from the University of Rochester.
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Publications
Distressed Stocks in Distressed Times,” (with A. Eisdorfer) Management Science (forthcoming).
“Productivity Risk and Industry Momentum,” Financial Management, 47(3) (2018), 739-774.
Misirli E.U., 2024. Aggregate Volatility Risk and Momentum Returns, European Financial Management, forthcoming.
Eisdorfer A. and Misirli E.U., 2020. Distressed Stocks in Distressed Times, Management Science, vol. 66 pp. 2452–2473.
Misirli E.U., 2018. Productivity Risk and Industry Momentum, Financial Management, vol. 47, pp.739–774.
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Working Papers
Peer Momentum, with Daniela Scidá (Richmond Fed) and Mihail Velikov (Penn State University), SSRN Working Paper
"Aggregate Volatility Risk and Momentum Returns"
"Productivity Risk and Industry Momentum," March 2016
"Distressed Stocks in Distressed Times" (with Assaf Eisdorfer, University of Connecticut), January 2016
"Enhanced Momentum Profits and Aggregate Volatility Risk"
"Aggregate Credit Shocks and Industry Relative Reversals"