Department Chair, Professor, Economics and Finance
- Financial Markets, Real Estate, Applied Econometrics
Economics 210, Introduction to Business & Economic Statistics
Economics 410, Empirical Methods in Economics I
Economics 411, Economic Forecasting
Economics 506, Econometrics
Economics 510, Financial Econometrics/Time-series methods and applications
Economics 575, Advanced Special Topics
Finance 470, Student Investment Fund II
Finance 575, Special Topics
Financial Markets, Real Estate, Applied Econometrics
Selected Refereed Publications:
Simlai P. (2021). : Accrual mispricing, value-at-risk, and expected stock returns, Review of Quantitative Finance and Accounting (forthcoming)
Simlai P. (2021). : Predicting owner-occupied housing values using machine learning: An empirical investigation of California census tracts data. Journal of Property Research (forthcoming)
Simlai P. (2019). : Subprime credit, idiosyncratic risk, and foreclosures. Quarterly Review of Economics and Finance, Vol. 74, pp.175-189.
Simlai, P. (2018). Spatial dependence, idiosyncratic risk, and the valuation of disaggregated housing data. Journal of Real Estate Finance and Economics, Vol. 57, no. 2, pp.192-230.
Dennis, S., Simlai, P., Smith, W. (2017). Modified beta and cross-sectional stock returns, in (ed.) Growing Presence of Real Options in Global Financial Markets, Research in Finance, Vol. 33, pp.75 - 104
Simlai, P. (2016). Time-varying risk, mispricing attributes, and the accrual premium. International Review of Financial Analysis, 48, pp. 150-161.
Lindaas, K. F., Simlai, P. (2016). Size, value, and momentum risk in the cross-section of average returns and volatility, Research in Finance, Vol. 32, pp.109-144.
Dennis, S., Lee, T., Simlai, P. (2015). The effects of oil production on bank deposits in North Dakota's Bakken formation (vol. 31). Research in Finance.
Lindaas, K. F., Simlai, P. (2014). The value premium, aggregate risk innovations, and average stock returns. Finance Research Letters, 11(3), pp.303-317.
Simlai, P. (2014). Firm characteristics, distress risk, and average stock returns. Accounting Research Journal, 27(2), pp.101-123.
Simlai, P. (2014). Persistence of ex-ante volatility and the cross-section of stock returns. International Review of Financial Analysis, 33, pp.253-261.
Simlai, P. (2014). Estimation of variance of housing prices using spatial conditional heteroskedasticity (SARCH) model with an application to Boston housing price data. Quarterly Review of Economics and Finance, 54(1), 17-30.
Simlai, P. (2013). Cash-flows, earnings, and time-varying expected stock returns. Journal of Economic and Administrative Sciences, 29(1).
Simlai, P. (2012). Disentangling beta and value premium using macroeconomic risk factors (with W. Espe). Business Economics, 47(2), pp.104-118.
Simlai, P. (2012). Endogenous information, risk characterization, and time-varying expected stock returns. Brazilian Review of Finance, 10(3), pp.291-315.
Simlai, P. (2011). Beta uncertainty, risk, and the performance characteristics of hedge funds. Banking and Finance Review, 3(2), pp.63-80.
Simlai, P. (2011). Information spillovers between size and value premium in average stock returns (with T. Anheluk). Journal of Asset Management, 12(6), pp.395-406.
Simlai, P. (2011). Risk characterization, stale pricing, and the attributes of hedge funds performance (with A. Jordan). Journal of Derivatives and Hedge Funds, 17(1), pp.16-33.
Simlai, P. (2010). What drives the implied volatility of index options? Journal of Derivatives and Hedge Funds, 16(2), pp.85-99.
Simlai, P. (2009). Stock returns, size and book-to-market equity. Studies in Economics and Finance, 26(3), pp.198-212.
Simlai, P. (2008). Do the common risk factors always capture strong variation in stock returns? Journal of Asset Management, 9(4), pp.255-263.
Simlai, P. (2006). Estimating functions and equations (with A. Bera and Y. Bilias). Handbook of Econometrics/Palgrave-MacMillan, 2006, Vol. 1, pp.427-476.
Paper Presentation and Discussant:
Eastern Finance Association Annual Meeting (2012, 2014-)
Midwest Finance Association Annual Meeting (2010-2012, 2014-)
Southwestern Finance Association Annual Meeting (2011, 2013-)
Southern Finance Association Annual Meeting (2012-)
North Dakota Spirit Award, University of North Dakota (AY 2011-2012, 2010-2011, 2009-2011)
Junior Faculty Research Award, CoBPA, University of North Dakota (AY 2009-2010)
Faculty Research Award, CoBPA, University of North Dakota (AY 2008-2009)
PhD in Economics, University of Illinois at Urbana-Champaign
MS in Finance, University of Illinois at Urbana-Champaign
Economics Department Faculty Search Committee Chair, 2009 - 2010
Economics Department Faculty Search Committee Member, 2008 - 2009
Economics Department Representative for the Library, 2008 - 2009
CoBPA Curriculum Committee Member, 2009 - Present
Evaluator for MBA AoL presentation, 2011 - Present
University Curriculum Committee Member, 2011 - 2013
American Finance Association (2008 - Present)
Eastern Finance Association (2013 - Present)
Midwest Finance Association (2008 - Present)
Southern Finance Association (2012 - Present)
Southwestern Finance Association (2010 - Present)
Manuscript Reviewer for Journals
Economics Letters, Empirical Economics, European Journal of Finance, Financial Review, International Review of Fiancancial Analysis, International Review of Economics and Finance, Journal of Asset Management, Journal of Economics, Journal of Financial Economic Policy, Journal of Economics and Finance, Managerial Finance