Contact details

Esad Smajlbegovic

Erasmus University Rotterdam

Erasmus School of Economics

Burgemeester Oudlaan 50, PO Box 1738

3000 DR Rotterdam, The Netherlands

Phone: +31-10-40-81834

Email: smajlbegovic [at]

I am an Assistant Professor of Finance at the Erasmus School of Economics, Erasmus University Rotterdam, and a visiting researcher at the German Central Bank.

I obtained a Ph.D. in Finance in 2016 from the University of Mannheim. My main research interests lie in empirical asset pricing with an emphasis on price efficiency and short selling.

A detailed CV can be found here.


Regional Economic Activity and Stock Returns, Journal of Financial and Quantitative Analysis, Volume 54, Issue 3, June 2019, Pages 1051-1082

PhD Candidate Award for Outstanding Research, 2014 WFA; ACATIS Value Award 2018 (Third prize); Semi-finalist for the Best Paper Award in Investments, 2014 FMA

Who trades on momentum? (with M. Baltzer and S. Jank), Journal of Financial Markets, Volume 42, January 2019, Pages 56-74

Working Papers

Flying Under the Radar: The Effects of Short-Sale Disclosure Rules on Investor Behavior and Stock Prices (with S. Jank and C. Roling), Revise & Resubmit

Selected conference presentations: 2017 AFA, 2016 NBER AP, 2016 EFA, UW Summer Finance Conference

Dissecting Short-Sale Performance: Evidence from Large Position Disclosures (with S. Jank)

Best PhD Student Paper Award, 2015 DGF PhD Workshop (German Finance Association)

Selected conference presentations: 2016 SFS Cavalcade, 10th Hedge Fund Conference (Imperial College), 2017 FMA Hedge Fund Consortium (Cambridge Judge Business School)

Surprise in Short Interest (with P. Lesnevski), work in progress

Best Paper Award, 2017 Academy of Behavioral Finance & Economics (Europe) Conference

Selected conference presentations: 2019 ERIC, 2017 DGF, 2017 SGF, 2017 ABFE (Europe)

Board Connections and Bank Trading Returns (with M. Baltzer and E. Fernau), work in progress


FEB13001 Finance 2 (BSc)

FEM11075 Seminar Advanced Investments (MSc)

BERMAMC007 Seminar Asset Pricing (MSc / PhD)