Elvira Sojli

Associate Professor

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

Journal articles
Sojli E; Tham WW; Schraeder S; Subrahmanyam A, 2021, 'Equity Trading Activity and Treasury Bond Risk Premia', Journal of Financial and Quantitative Analysis
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, vol. 374, pp. 31, http://dx.doi.org/10.1126/science.abm1361
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, vol. 11, http://dx.doi.org/10.1038/s41398-021-01537-x
Koh P-S; Reeb D; Sojli E; Tham WW; Wang W, 2021, 'Deleting unreported innovation', Journal of Financial and Quantitative Analysis, vol. Forthcoming
Sojli E, 2021, 'Forging remote relationships', Science, vol. 372, pp. 24, http://dx.doi.org/10.1126/science.abi4726
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, vol. 371, pp. 22 - 24, http://dx.doi.org/10.1126/science.abg0904
Sojli E; Tham WW; Ioanid R, 2020, 'Quoting activity and the cost of capital', Journal of Financial and Quantitative Analysis, vol. forthcoming, http://dx.doi.org/10.1017/S002210902000071X
Tham WW; sojli E; Skjeltorp J, 2018, 'Cross-Sided Liquidity Externalities', Management Science, vol. 64, pp. 2473 - 2972, http://dx.doi.org/10.1287/mnsc.2016.2658
Sojli E; Tham WW, 2017, 'Foreign political connections', Journal of International Business Studies, vol. 48, pp. 244 - 266, http://dx.doi.org/10.1057/s41267-016-0059-3
Skjeltorp JA; Sojli E; Tham WW, 2016, 'Flashes of Trading Intent at NASDAQ', Journal of Financial and Quantitative Analysis, vol. 51, pp. 165 - 196, http://dx.doi.org/10.1017/S0022109016000028
Sojli E; Tham WW, 2015, 'Divided governments and futures prices', Journal of Econometrics, vol. 187, pp. 622 - 633, http://dx.doi.org/10.1016/j.jeconom.2015.02.043
Karstanje D; Sojli E; Tham WW; van der Wel M, 2013, 'Economic valuation of liquidity timing', Journal of Banking and Finance, vol. 37, pp. 5073 - 5087, http://dx.doi.org/10.1016/j.jbankfin.2013.09.010
Rime D; Sarno L; Sojli E, 2010, 'Exchange rate forecasting, order flow and macroeconomic information', Journal of International Economics, vol. 80, pp. 72 - 88, http://dx.doi.org/10.1016/j.jinteco.2009.03.005
King M; Sarno L; Sojli E, 2010, 'Timing exchange rates using order flow: The case of the Loonie', Journal of Banking and Finance, vol. 34, pp. 2917 - 2928, http://dx.doi.org/10.1016/j.jbankfin.2010.02.016
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, vol. 41, pp. 437 - 442, http://dx.doi.org/10.1111/j.1538-4616.2009.00212.x
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
Working Papers
Sojli E; Tham WW, The Impact of Foreign Government Investments on Corporate Performance: Evidence from the U.S., Elsevier BV, http://dx.doi.org10.2139/ssrn.1540555
Karstanje D; Sojli E; Tham WW; van der Wel M, Economic Valuation of Liquidity Timing, Elsevier BV, http://dx.doi.org10.2139/ssrn.2225758
Skjeltorp JA; Sojli E; Tham WW, Sunshine Trading: Flashes of Trading Intent at the Nasdaq, Elsevier BV, http://dx.doi.org10.2139/ssrn.2254516
Skjeltorp JA; Sojli E; Tham WW, Sunshine Trading: Flashes of Trading Intent at the NASDAQ, Elsevier BV, http://dx.doi.org10.2139/ssrn.1787418
Agarwal S; Sojli E; Tham WW, Commute Time and Labor Supply, http://dx.doi.org/10.2139/ssrn.3171271
Schraeder S; Sojli E; Subrahmanyam A; Tham WW, The Equity Volatility-Volume Ratio and Treasury Bond Returns, http://dx.doi.org/10.2139/ssrn.3464060
Sojli E; Tham WW; Wang W, Market-wide Events and Time Fixed Effects, http://dx.doi.org/10.2139/ssrn.3258048
Furche A; Sojli E, Central Bank Issued Digital Cash, http://dx.doi.org/10.2139/ssrn.3213028
Rosu I; Sojli E; Tham WW, Quotes, Trades and the Cost of Capital, http://dx.doi.org/10.2139/ssrn.3005928

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

2019: Women and Science research grant, Dauphine Foundation

2017-2020: Scientia fellowship

2009-2011: Marie Curie fellowship 

Exchange rates including digital currencies, international finance, market microstructure (equities, bonds, and foreign exchange), innovation, innovation diffusion

Sojli E, 2019, Libra isn’t dead yet – the killer blow will come from governments issuing their own digital currencies, https://theconversation.com/libra-isnt-dead-yet-the-killer-blow-will-come-from-governments-issuing-their-own-digital-currencies-125375

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