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Associate Professor Elvira Sojli

Associate Professor Elvira Sojli

Associate Professor
  • PhD in Finance: Essays in Exchange Rate Microstructure (Warwick Business School, University of Warwick) 
  • MSc in Economics and Finance (Warwick Business School, University of Warwick) 
  • BSc in Accounting and Finance (London School of Economics and Finance)
Business School
School of Banking and Finance

I am an Associate Professor of Finance and Scientia Fellow Alumni in the School of Banking and Finance, the University of New South Wales. My work focuses on empirical industrial organisation at the firm and market level. I am particularly interested in understanding the role of and determinants of women participation in innovation and in the international aspect of differences across countries and disciplines. Additional current and past work covers international finance and empirical methods.

I was an Assistant and Associate Professor at the Rotterdam School of Management, Erasmus University from 2008-2016. I was a Marie Curie research fellow for the period 2009-2011 and a research fellow at the Duisenberg School of Finance from 2010-2014. My work has been published in top finance and economics journals and has been presented at the AEA, AFA, WFA, EFA, FIRS among many other conferences. I have visited for extended periods Haas School of Business (UC Berkeley), Jones Graduate School of Business (Rice University), and the National University of Singapore.

I have a PhD from Warwick Business School, University of Warwick.

 

Personal website
E-mail
e.sojli@unsw.edu.au
Location
UNSW Business School - Ref E12 Level 3, Office 336
  • Books | 2011
    Sojli E; Tham WW, 2011, The impact of foreign government investments: Sovereign wealth fund investments in the United States, http://dx.doi.org/10.1108/S1569-3767(2011)0000012011
  • Journal articles | 2024
    Menkveld AJ; Dreber A; Holzmeister F; Huber J; Johannesson M; Kirchler M; Neusüß S; Razen M; Weitzel U; Abad-Díaz D; Abudy M; Adrian T; Ait-Sahalia Y; Akmansoy O; Alcock JT; Alexeev V; Aloosh A; Amato L; Amaya D; Angel JJ; Avetikian AT; Bach A; Baidoo E; Bakalli G; Bao L; Barbon A; Bashchenko O; Bindra PC; Bjønnes GH; Black JR; Black BS; Bogoev D; Correa SB; Bondarenko O; Bos CS; Bosch-Rosa C; Bouri E; Brownlees C; Calamia A; Cao VN; Capelle-Blancard G; Romero LMC; Caporin M; Carrion A; Caskurlu T; Chakrabarty B; Chen J; Chernov M; Cheung W; Chincarini LB; Chordia T; Chow SC; Clapham B; Colliard JE; Comerton-Forde C; Curran E; Dao T; Dare W; Davies RJ; Blasis RD; Nard GFD; Declerck F; Deev O; Degryse H; Deku SY; Desagre C; Dijk MAV; Dim C; Dimpfl T; Dong YJ; Drummond PA; Dudda T; Duevski T; Dumitrescu A; Dyakov T; Dyhrberg AH; Dzieliński M; Eksi A; Kalak IE; Ellen ST; Eugster N; Evans MDD; Farrell M; Felez-Vinas E; Ferrara G; Ferrouhi EM; Flori A; Fluharty-Jaidee JT; Foley SDV; Fong KYL; Foucault T; Franus T; Franzoni F; Frijns B; Frömmel M; Fu SM; Füllbrunn SC; Gan B; Gao G; Gehrig TP, 2024, 'Nonstandard Errors', Journal of Finance, 79, pp. 2339 - 2390, http://dx.doi.org/10.1111/jofi.13337
    Journal articles | 2023
    Fišar M; Greiner B; Huber C; Katok E; Ozkes AI; Sojli E; Tham WW, 2023, 'Reproducibility in Management Science', Management Science, http://dx.doi.org/10.1287/mnsc.2023.03556
    Journal articles | 2023
    Menkveld AJ; Dreber A; Holzmeister F; Huber J; Johanneson M; Kirchler M; Razen M; Weitzel U; Abad D; Abudy MM; Adrian T; Ait-Sahalia Y; Akmansoy O; Alcock J; Alexeev V; Aloosh A; Amato L; Amaya D; Angel JJ; Bach A; Baidoo E; Bakalli G; Barbon A; Bashchenko O; Bindra PC; Bjonnes GH; Black JR; Black BS; Bohorquez S; Bondarenko O; Bos CS; Bosch-Rosa C; Bouri E; Brownlees CT; Calamia A; Cao VN; Capelle-Blancard G; Capera L; Caporin M; Carrion A; Caskurlu T; Chakrabarty B; Chernov M; Cheung WMY; Chincarini LB; Chordia T; Chow SC; Clapham B; Colliard J-E; Comerton-Forde C; Curran E; Dao T; Dare W; Davies RJ; De Blasis R; De Nard G; Declerck F; Deev O; Degryse H; Deku S; Desagre C; Van Dijk MA; Dim C; Dimpfl T; Dong YJ; Drummond P; Dudda T; Dumitrescu A; Dyakov T; Dyhrberg AH; Dzieliński M; Eksi A; El Kalak I; ter Ellen S; Eugster N; Evans MDD; Farrell M; Félez-Viñas E; Ferrara G; FERROUHI EM; Flori A; Fluharty-Jaidee J; Foley S; Fong KYL; Foucault T; Franus T; Franzoni FA; Frijns B; Frömmel M; Fu S; Füllbrunn S; Gan B; Gehrig T; Gerritsen D; Gil-Bazo J; Glosten LR; Gomez T; Gorbenko A; Güçbilmez U; Grammig J; Gregoire V; Hagströmer B; Hambuckers J; Hapnes E; Harris JH; Harris L; Hartmann S; Hasse J-B; Hautsch N; He X-ZT; Heath D; Hediger S; Hendershott TJ; Hibbert AM; Hjalmarsson E; Hoelscher S; Hoffmann P; Holden CW; Horenstein AR; Huang W; Huang D; Hurlin C; Ivashchenko A; Iyer SR; Jahanshahloo H; Jalkh N; Jones CM; Jurkatis S; Jylha P; Kaeck A; Kaiser G; Karam A; Karmaziene E; Kassner B; Kaustia M; Kazak E; Kearney F; van Kervel V; Khan S; Khomyn M; Klein T; Klein O; Klos A; Koetter M; Krahnen JP; Kolokolov A; Korajczyk RA; Kozhan R; Kwan A; Lajaunie Q; Lam FYEC; Lambert M; Langlois H; Lausen J; Lauter T; Leippold M; Levin V; Li Y; Li MH; Liew CY; Lindner T; Linton OB; Liu J; Liu A; Llorente-Alvarez J-G; Lof M; Lohr A; Longstaff FA; Lopez-Lira A; Mankad S; Mano N; Marchal A; Martineau C; Mazzola F; Meloso DC; Mihet R; Mohan V; Moinas S; Moore D; Mu L; Muravyev D; Murphy D; Neszveda G; Neumeier C; Nielsson U; Nimalendran M; Nolte S; Nordén LL; O'Neill P; Obaid K; Ødegaard BA; Östberg P; Painter M; Palan S; Palit I; Park A; Pascual Gascó R; Pasquariello P; Pastor L; Patel V; Patton AJ; Pearson ND; Pelizzon L; Pelster M; Pérignon C; Pfiffer C; Philip R; Plíhal T; Prakash P; Press O-A; Prodromou T; Putnins TJ; Raizada G; Rakowski DA; Ranaldo A; Regis L; Reitz S; Renault T; Wang R; Renò R; Riddiough S; Rinne K; Rintamäki P; Riordan R; RITTMANNSBERGER T; Rodríguez Longarela I; Rösch D; Rognone L; Roseman B; Rosu I; Roy S; Rudolf N; Rush S; Rzayev K; Rzeźnik A; Sanford A; Sankaran H; Sarkar A; Sarno L; Scaillet O; Scharnowski S; Schenk-Hoppé KR; Schertler A; Schneider M; Schroeder F; Schürhoff N; Schuster P; Schwarz MA; Seasholes MS; Seeger N; Shachar O; Shkilko A; Shui J; Sikic M; Simion G; Smales LA; Söderlind P; Sojli E; Sokolov K; Spokeviciute L; Stefanova D; Subrahmanyam MG; Neusüss S; Szaszi B; Talavera O; Tang Y; Taylor N; Tham WW; Theissen E; Thimme J; Tonks I; Tran H; Trapin L; Trolle AB; Vaduva M; Valente G; Van Ness RA; Vasquez A; Verousis T; Verwijmeren P; Vilhelmsson A; Vilkov G; Vladimirov V; Vogel S; Voigt S; Wagner W; Walther T; Weiss P; van der Wel M; Werner IM; Westerholm PJ; Westheide C; Wipplinger E; Wolf M; Wolff CCP; Wolk L; Wong WK; Wrampelmeyer J; Wu Z-X; Xia S; Xiu D; Xu K; Xu C; Yadav PK; Yagüe J; Yan C; Yang A; Yoo W; Yu W; Yu S; Yueshen BZ; Yuferova D; Zamojski M; Zareei A; Zeisberger S; Zhang S; Zhang X; Zhong Z; Zhou ZI; Zhou C; Zhu X; Zoican M; Zwinkels RCJ; Chen J; Duevski T; Gao G; Gemayel R; Gilder D; Kuhle P; Pagnotta E; Pelli M; Sö nksen J; Zhang L; Ilczuk K; Bogoev D; Qian Y; Wika HC; Yu Y; Zhao L; Mi M; Bao L, 2023, 'Non-Standard Errors', The Journal of Finance, Forthcoming, http://dx.doi.org/10.2139/ssrn.3961574
    Journal articles | 2023
    Sojli E; Tham WW; Schraeder S; Subrahmanyam A, 2023, 'Equity Trading Activity and Treasury Bond Risk Premia', Journal of Financial and Quantitative Analysis, 58, pp. 677 - 677, http://dx.doi.org/10.1017/S0022109022000497
    Journal articles | 2022
    Koh P-S; Reeb D; Sojli E; Tham WW; Wang W, 2022, 'Deleting unreported innovation', Journal of Financial and Quantitative Analysis, 57, pp. 2324 - 2324, http://dx.doi.org/10.1017/S0022109021000764
    Journal articles | 2021
    Kirshner S; Sojli E, 2021, 'Forging remote relationships', Science, 372, pp. 24 - 24, http://dx.doi.org/10.1126/science.abi4726
    Journal articles | 2021
    Protzko J; Tanner IZ; Dedyo MD; Fu JJ; Perma B; Friedman DA; Blidner AG; Johnston JT; Srivastava AK; Ruscher R; Kupz A; Tarselli MA; Beardsley F; Jensen MM; Konstantinides N; Agarwal D; Yuen J; Gopinath SD; Duong MT; Strong M; Soták M; Burnette K; Kirshner SN; Nikolaou A; Ali BA; de Oliveira BA; Sojli E, 2021, 'Defining events: 2020 in hindsight', Science, 371, pp. 22 - 24, http://dx.doi.org/10.1126/science.abg0904
    Journal articles | 2021
    Sojli E; Tham WW; Bryant R; McAleer M, 2021, 'COVID-19 restrictions and age-specific mental health—U.S. probability-based panel evidence', Translational Psychiatry, 11, http://dx.doi.org/10.1038/s41398-021-01537-x
    Journal articles | 2021
    Sojli E; Tham WW; Ioanid R, 2021, 'Quoting activity and the cost of capital', Journal of Financial and Quantitative Analysis, 56, http://dx.doi.org/10.1017/S002210902000071X
    Journal articles | 2021
    Srivastava S; Heim AB; Yoho R; Moore EB; Richter WE; Strielkowski W; Coulibaly AP; Li K; Penders B; Sojli E; Cao B, 2021, 'Imagining a teaching utopia', Science, 374, pp. 31, http://dx.doi.org/10.1126/science.abm1361
    Journal articles | 2021
    Tham WW; Sojli E; Bryant R; McAleer M, 2021, 'Common Mental Disorders and Economic Uncertainty: Evidence from the COVID-19 Pandemic in the U.S.', PLoS ONE, 16, http://dx.doi.org/10.1371/journal.pone.0260726
    Journal articles | 2018
    Tham WW; sojli E; Skjeltorp J, 2018, 'Cross-Sided Liquidity Externalities', Management Science, pp. 2473 - 2972, http://dx.doi.org/10.1287/mnsc.2016.2658
    Journal articles | 2017
    Sojli E; Tham WW, 2017, 'Foreign political connections', Journal of International Business Studies, 48, pp. 244 - 266, http://dx.doi.org/10.1057/s41267-016-0059-3
    Journal articles | 2016
    Skjeltorp JA; Sojli E; Tham WW, 2016, 'Flashes of Trading Intent at NASDAQ', Journal of Financial and Quantitative Analysis, 51, pp. 165 - 196, http://dx.doi.org/10.1017/S0022109016000028
    Journal articles | 2015
    Sojli E; Tham WW, 2015, 'Divided governments and futures prices', Journal of Econometrics, 187, pp. 622 - 633, http://dx.doi.org/10.1016/j.jeconom.2015.02.043
    Journal articles | 2013
    Karstanje D; Sojli E; Tham WW; van der Wel M, 2013, 'Economic valuation of liquidity timing', Journal of Banking and Finance, 37, pp. 5073 - 5087, http://dx.doi.org/10.1016/j.jbankfin.2013.09.010
    Journal articles | 2010
    King M; Sarno L; Sojli E, 2010, 'Timing exchange rates using order flow: The case of the Loonie', Journal of Banking and Finance, 34, pp. 2917 - 2928, http://dx.doi.org/10.1016/j.jbankfin.2010.02.016
    Journal articles | 2010
    Rime D; Sarno L; Sojli E, 2010, 'Exchange rate forecasting, order flow and macroeconomic information', Journal of International Economics, 80, pp. 72 - 88, http://dx.doi.org/10.1016/j.jinteco.2009.03.005
    Journal articles | 2009
    Sarno L; Sojli E, 2009, 'The feeble link between exchange rates and fundamentals: Can we blame the discount factor?', Journal of Money, Credit and Banking, 41, pp. 437 - 442, http://dx.doi.org/10.1111/j.1538-4616.2009.00212.x
    Journal articles |
    Menkveld AJ, 'Non-Standard Errors', SSRN Electronic Journal, http://dx.doi.org/10.2139/ssrn.3979358
  • Conference Papers | 2023
    Menkveld AJ; Dreber A; Holzmeister F; Huber J; Johanneson M; Kirchler M; Razen M; Weitzel U; Abad D; Abudy MM; Adrian T; Ait-Sahalia Y; Akmansoy O; Alcock J; Alexeev V; Aloosh A; Amato L; Amaya D; Angel JJ; Bach A; Baidoo E; Bakalli G; Barbon A; Bashchenko O; Bindra PC; Bjonnes GH; Black JR; Black BS; Bohorquez S; Bondarenko O; Bos CS; Bosch-Rosa C; Bouri E; Brownlees CT; Calamia A; Cao VN; Capelle-Blancard G; Capera L; Caporin M; Carrion A; Caskurlu T; Chakrabarty B; Chernov M; Cheung WMY; Chincarini LB; Chordia T; Chow SC; Clapham B; Colliard J-E; Comerton-Forde C; Curran E; Dao T; Dare W; Davies RJ; De Blasis R; De Nard G; Declerck F; Deev O; Degryse H; Deku S; Desagre C; Van Dijk MA; Dim C; Dimpfl T; Dong YJ; Drummond P; Dudda T; Dumitrescu A; Dyakov T; Dyhrberg AH; Dzieliński M; Eksi A; El Kalak I; ter Ellen S; Eugster N; Evans MDD; Farrell M; Félez-Viñas E; Ferrara G; FERROUHI EM; Flori A; Fluharty-Jaidee J; Foley S; Fong KYL; Foucault T; Franus T; Franzoni FA; Frijns B; Frömmel M; Fu S; Füllbrunn S; Gan B; Gehrig T; Gerritsen D; Gil-Bazo J; Glosten LR; Gomez T; Gorbenko A; Güçbilmez U; Grammig J; Gregoire V; Hagströmer B; Hambuckers J; Hapnes E; Harris JH; Harris L; Hartmann S; Hasse J-B; Hautsch N; He X-ZT; Heath D; Hediger S; Hendershott TJ; Hibbert AM; Hjalmarsson E; Hoelscher S; Hoffmann P; Holden CW; Horenstein AR; Huang W; Huang D; Hurlin C; Ivashchenko A; Iyer SR; Jahanshahloo H; Jalkh N; Jones CM; Jurkatis S; Jylha P; Kaeck A; Kaiser G; Karam A; Karmaziene E; Kassner B; Kaustia M; Kazak E; Kearney F; van Kervel V; Khan S; Khomyn M; Klein T; Klein O; Klos A; Koetter M; Krahnen JP; Kolokolov A; Korajczyk RA; Kozhan R; Kwan A; Lajaunie Q; Lam FYEC; Lambert M; Langlois H; Lausen J; Lauter T; Leippold M; Levin V; Li Y; Li MH; Liew CY; Lindner T; Linton OB; Liu J; Liu A; Llorente-Alvarez J-G; Lof M; Lohr A; Longstaff FA; Lopez-Lira A; Mankad S; Mano N; Marchal A; Martineau C; Mazzola F; Meloso DC; Mihet R; Mohan V; Moinas S; Moore D; Mu L; Muravyev D; Murphy D; Neszveda G; Neumeier C; Nielsson U; Nimalendran M; Nolte S; Nordén LL; O'Neill P; Obaid K; Ødegaard BA; Östberg P; Painter M; Palan S; Palit I; Park A; Pascual Gascó R; Pasquariello P; Pastor L; Patel V; Patton AJ; Pearson ND; Pelizzon L; Pelster M; Pérignon C; Pfiffer C; Philip R; Plíhal T; Prakash P; Press O-A; Prodromou T; Putnins TJ; Raizada G; Rakowski DA; Ranaldo A; Regis L; Reitz S; Renault T; Wang R; Renò R; Riddiough S; Rinne K; Rintamäki P; Riordan R; RITTMANNSBERGER T; Rodríguez Longarela I; Rösch D; Rognone L; Roseman B; Rosu I; Roy S; Rudolf N; Rush S; Rzayev K; Rzeźnik A; Sanford A; Sankaran H; Sarkar A; Sarno L; Scaillet O; Scharnowski S; Schenk-Hoppé KR; Schertler A; Schneider M; Schroeder F; Schürhoff N; Schuster P; Schwarz MA; Seasholes MS; Seeger N; Shachar O; Shkilko A; Shui J; Sikic M; Simion G; Smales LA; Söderlind P; Sojli E; Sokolov K; Spokeviciute L; Stefanova D; Subrahmanyam MG; Neusüss S; Szaszi B; Talavera O; Tang Y; Taylor N; Tham WW; Theissen E; Thimme J; Tonks I; Tran H; Trapin L; Trolle AB; Vaduva M; Valente G; Van Ness RA; Vasquez A; Verousis T; Verwijmeren P; Vilhelmsson A; Vilkov G; Vladimirov V; Vogel S; Voigt S; Wagner W; Walther T; Weiss P; van der Wel M; Werner IM; Westerholm PJ; Westheide C; Wipplinger E; Wolf M; Wolff CCP; Wolk L; Wong WK; Wrampelmeyer J; Wu Z-X; Xia S; Xiu D; Xu K; Xu C; Yadav PK; Yagüe J; Yan C; Yang A; Yoo W; Yu W; Yu S; Yueshen BZ; Yuferova D; Zamojski M; Zareei A; Zeisberger S; Zhang S; Zhang X; Zhong Z; Zhou ZI; Zhou C; Zhu X; Zoican M; Zwinkels RCJ; Chen J; Duevski T; Gao G; Gemayel R; Gilder D; Kuhle P; Pagnotta E; Pelli M; Sö nksen J; Zhang L; Ilczuk K; Bogoev D; Qian Y; Wika HC; Yu Y; Zhao L; Mi M; Bao L, 2023, 'Non-Standard Errors', in The Journal of Finance, Wiley
    Preprints | 2023
    Yin H; Aryani A; Lambert G; White M; Salvador-Carulla L; Sadiq S; Sojli E; Boddy J; Murray G; Tham WW, 2023, Leveraging Artificial Intelligence Technology for Mapping Research to Sustainable Development Goals: A Case Study, , http://dx.doi.org/10.48550/arxiv.2311.16162
    Preprints |
    Agarwal S; Sojli E; Tham WW, Commute Time and Labor Supply, , http://dx.doi.org/10.2139/ssrn.3171271
    Preprints |
    Furche A; Sojli E, Central Bank Issued Digital Cash, http://dx.doi.org/10.2139/ssrn.3213028
    Preprints |
    Leng X; Sojli E; Tham WW; Wang W, Time-varying Group Unobserved Heterogeneity in Finance, , http://dx.doi.org/10.2139/ssrn.4816969
    Preprints |
    Liu L; Sojli E; Tham WW, Advanced Manufacturing, Product Innovations, Productivity and Growth, , http://dx.doi.org/10.2139/ssrn.4104903
    Preprints |
    Liu L; Sojli E; Tham WW, CEO Experience and Value Creation: Evidence from Green Lab Locations, , http://dx.doi.org/10.2139/ssrn.4568809
    Preprints |
    Sojli E; Tham WW; Wang W, Market-wide Events and Time Fixed Effects, http://dx.doi.org/10.2139/ssrn.3258048

2019: Women and Science research grant, Dauphine Foundation

2017-2020: Scientia fellowship

2009-2011: Marie Curie fellowship 

2018: FIRN CFA Prize

           NFA Best Paper in Firm Growth and Innovation

           BFCM Best Paper Award

           Outstanding reviewer - Journal of International Money and Finance           

2016: Outstanding reviewer - Journal of Banking and Finance

2014: Crowell Second Prize by PanAgora Asset Management

2019, 14, 13: Finalist FMA Best Paper Award in Market microstructure

Media Releases

My Research Supervision

  • Leo Liu
  • Yufeng Yao
  • David Webb

My Teaching

Trading in Financial Securities, Portfolio Management, Multinational Financial Management (CEMS Program), Corporate Finance (Liberal Arts), International Financial Markets, Banking and Financial Intermediation, International Bank Management, Financial Intermediaries