Dr Evarist Stoja

Dr Evarist Stoja

Dr Evarist Stoja
Reader in Finance

2.12, 15-19 Tyndalls Park Road,
The Priory Road Complex, Priory Road, Clifton
(See a map)


Telephone Number (0117) 39 41497

Department of Accounting and Finance


Evarist Stoja's research interests are in the areas of applied financial econometrics, risk modelling and management and asset pricing.

Here is a link to some of my papers


EFIM30019: Financial Markets
ECONM2035: MSc Asset Pricing

Fields of interest

Applied Financial Econometrics, Risk Modelling, Asset Pricing

Key publications

  1. Stoja, E & Polanski, A, 2014, ‘Co-Dependence of Extreme Events in High Frequency FX Returns’. Journal of International Money and Finance, vol 44., pp. 164-178
  2. Stoja, E & Polanski, A, 2013, ‘Multidimensional Risk and Risk Dependence’. Journal of Banking and Finance, vol 37., pp. 3286-3294
  3. Stoja, E & Polanski, A, 2012, ‘Efficient Evaluation of Multidimensional Time-Varying Density Forecasts with Applications to Risk Management’. International Journal of Forecasting.
  4. Stoja, E, Harris, F, Yilmaz, Ra & , 2011, ‘A Cyclical Model of Exchange Rate Volatility’. Journal of Banking and Finance, vol 35., pp. 3055 - 3064
  5. Stoja, E, Harris, J, Shen, Ra & , 2010, ‘The Limits to Minimum Variance Hedging’. Journal of Business Finance and Accounting, vol 37., pp. 737 - 761

Latest publications

  1. Stoja, E, Harris, R & Tan, L, 2016, ‘The Dynamic Black-Litterman Approach to Asset Allocation’. European Journal of Operational Research.
  2. Stoja, E & Polanski, A, 2011, ‘Dynamic density forecasts for multivariate asset returns’. Journal of Forecasting, vol 30., pp. 523 - 540
  3. Stoja, E & Tucker, J, 2011, ‘Industry membership and capital structure dynamics in the UK’. International Review of Financial Analysis, vol 20., pp. 207 - 214
  4. Stoja, E & Polanski, A, 2010, ‘Incorporating Higher Moments into Value-at-Risk Forecasting’. Journal of Forecasting, vol 29., pp. 523 - 535
  5. Stoja, E, Harris, F, Yilmaz, Ra & , 2009, ‘Day-of-the-Month Effects in the Performance of Momentum Trading Strategies in the Foreign Exchange Market’. Journal of Trading, vol 4., pp. 48 - 55
  6. Harris, R, Stoja, E & Tucker, J, 2007, ‘A simplified approach to modeling the co-movement of asset returns’. Journal of Futures Markets, vol 27 (6)., pp. 575 - 598
  7. Stoja, E, 2007, ‘The Capital Structure Decision’. in: N Hyndman, DG McKillop (eds) Cases in Management Accounting and Business Finance. Institute of Chartered Accountants in Ireland, pp. 135 - 140

Full publications list in the University of Bristol publications system

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