Dr Larisa Yarovaya

Lecturer and Course Leader for BSc (Hons) Finance and Business Analytics

Faculty:Lord Ashcroft International Business School

Department:Accounting, Finance and Operations Management

Location: Chelmsford

Areas of Expertise: Business, management and leadership , Accounting and Finance , International Business

Larisa is a researcher in finance, international business and management. Her research on global market interconnectedness aims to contribute to the creation of a world of more equal economic development.

Website: larisayarovaya.wordpress.com
Twitter: @larisayarovaya
ResearchGate: Larisa Yarovaya
LinkedIn: Larisa Yarovaya

Background

Larisa is particularly focused on the integration of emerging markets to the global economy. She regularly acts as a reviewer for refereed academic journals and finance conferences. She's also published her research in peer-reviewed academic journals, and is currently working on several collaborative research projects.

Research interests

  • Cryptocurrencies
  • Precious metals
  • Islamic finance
  • Energy economics
  • Return and volatility transmission
  • Contagion and financial crises
  • Economic determinants of volatility spillovers
  • Media sentiments
  • Commodities
  • Financial integration
  • Behavioural finance

Areas of research supervision

Larisa has three PhD students in the field of International Finance enrolled in January and September 2017. She is looking forward to working with students in many areas including, economic and financial integration, volatility transmission, commodities and contagion.

Qualifications

  • PhD in Accounting and Finance, Northumbria University, UK
  • MSc in Management, Specialist Degrere, Finance University under the Government of the Russia Federation, Moscow
  • BA (Hons) Finance and Investment Management, Northumbria University, UK
  • PGCert Learning and Teaching, Anglia Ruskin University, UK

Memberships, editorial boards

  • Member of the Royal Economic Society
  • Member of the British Accounting and Finance Association (BAFA)

Selected recent publications

Published papers

Yarovaya, L., Brzeszczynski, J. & Lau, C.K.M. (2017). Asymmetry in spillover effects: Evidence for international stock index futures markets. International Review of Financial Analysis, Volume 53, October 2017, Pages 94-111.  https://doi.org/10.1016/j.irfa.2017.07.007

Aloui, C., Hammoudeh, S., Hkiri, B, Yarovaya, L. (2017). Are Islamic Indexes a Safe Haven for investors? An analysis of total, directional and net volatility spillovers between conventional and Islamic indexes. Pacific-Basin Finance Journal, Volume 43, June 2017, Pages 124-15.  https://doi.org/10.1016/j.pacfin.2017.03.001

Lucey, B.M., O’Connor, F.A., Vigne, S.A., Yarovaya, L. (2017). The Financial Economics of White Precious Metals – A Survey. International Review of Financial Analysis, Volume 52, July 2017, Pages 292-308. https://doi.org/10.1016/j.irfa.2017.04.006

Lau, C.K.M., Vigne, S., Wang, S., Yarovaya, L. (2017). Return spillovers between White Metals ETFs: The Role of Oil, Gold, and Global Equity. International Review of Financial Analysis, Volume 52, July 2017, Pages 316-332. https://doi.org/10.1016/j.irfa.2017.04.001

Aloui, C., Yarovaya, L., Lau, C.K.M, Hkiri, B. (2017) Information transmission across stock indices and stock index futures: international evidence using wavelet framework. Research in International Business and Finance (In press, corrected proof, Available online 12 July 2017); https://doi.org/10.1016/j.ribaf.2017.07.112

Lucey et al. (2017). Future directions in International Financial Integration Research - A Crowdsourced Perspective. International Review of Financial Analysis. https://doi.org/10.1016/j.irfa.2017.10.008

Yarovaya, L., Brzeszczynski, J., Lau, C.K.M. (2016). Intra- and Interregional Return and Volatility Spillovers across Emerging and Developed Markets: Evidence from Stock Indices and Stock Index Futures. International Review of Financial Analysis, 43, pp. 96-114.

Apergis, N., Lau, C.K.M., Yarovaya, L.A. (2016). Media sentiment and CDS spread spillovers: Evidence from the GIIPS countries. International Review of Financial Analysis, 47, pp. 50-59.

Yarovaya, L., Lau, C.K.M.  (2016). Stock market comovements around the Global Financial Crisis: Evidence from the UK, BRICS and MIST markets. Research in International Business and Finance, 37, 605–619.

Yarovaya, L., Brzeszczynski, J., Lau, C.K.M. (2016). Volatility Spillovers across Stock Index Futures in Asian Markets: Evidence from Range Volatility Estimators. Finance Research Letters, 17, 158-166.

Aloui, C., Hkiri, B., Lau, C.K.M., Yarovaya, L. (2016). Investors’ sentiment and US Islamic and conventional indexes nexus: a time-frequency analysis. Finance Research Letters. http://dx.doi.org/10.1016/j.frl.2016.06.002

Research papers (under review)

Cornwell, A., Yarovaya, L.A., Thompson, M. (2016). Advancing the Puzzle: Toward a Unified Model of MNE Decision-Making in Conflict-Settings. Journal of International Business Studies. (Revise and Resubmit/currently under review);
Apergis, N., Lau, C.K.M., Yarovaya (2016). Evidence on Price and Volatility Spillovers across Australian Electricity Markets. Energy Economics. (Currently under review).

Harrathi, N., Aloui, C., Yarovaya, L.A., Lau, C.K.M. (2016). The Euro-American-British financial CDS markets: who are the stress transmitters and receivers of volatility spillovers? Economic Modelling. (Currently under review).

Lau, C.K.M., Vigne, S., Wang, S., Yarovaya (2016). Return spillovers between White Metals ETFs: The Role of Oil, Gold, and Global Equity. International Review of Financial Analysis (Under Review in White Metals Special Issue).

Working papers

Batten, J., Brzeszczynski, J., Ciner, C., Lau, C.K.M., Lucey, B., Yarovaya L. (2016). Evidence on Price and Volatility Spillovers across International Steam Coal Markets.  Energy Economics. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2943359 

Cornwell, A., Yarovaya, L.A., Thompson, M. (2017). Advancing the Puzzle: Toward a Unified Model of MNE Decision-Making in Conflict-Settings. Journal of International Business Studies.

Apergis, N., Lau, C.K.M., Yarovaya (2017). Evidence on Price and Volatility Spillovers across Australian Electricity Markets. Environmental and Resource Economics.

Harrathi, N., Aloui, C., Yarovaya, L.A., Lau, C.K.M. (2017). The Euro-American-British financial CDS markets: who are the stress transmitters and receivers of volatility spillovers? Economic Change and Restructuring.

Aloui, C., Hkiri, B., Qahtani, A., Yarovaya, L. (2017) Co-movements and spillover effects between GCC sharia compliant markets: a wavelet-based approach. Pacific-Basin Finance Journal.

Cornwell, A., Yarovaya, L., Thomson, M. (2016). The Role of Leapfrogging: Cross-Level Interactions and Multinational Enterprise Decision-Making in Conflict-Settings. British Journal of Management.

Yarovaya, L., Lucey, B., Brzeszczynski, J. & Lau, C.K.M. (2016). International return and volatility transmission: a review of academic literature.

Yarovaya, L., Brzeszczynski, J., Vigne, S. & Lau, C.K.M. (2017). International Transmission of Index Futures Returns:  Does United States Play a Leading Role Also in the Futures Market.

Recent presentations and conferences

Paper “The Role of Leapfrogging: Cross-Level Interactions and Multinational Enterprise Decision-Making in Conflict-Settings” presented at 4th WU Vienna Paper Development Workshop: Advancing Finance Perspectives in IB Research, 27-28 August 2017, Vienna, Austria.

Paper “The Role of Leapfrogging: Cross-Level Interactions and Multinational Enterprise Decision-Making in Conflict-Settings” presented at Infiniti Conference on International Finance, 12-13 June 2017, Valencia, Spain

Paper “Evidence on Price and Volatility Spillovers across International Steam Coal Markets” presented at the 2017 International Conference on Energy Finance, 25-27 May 2017, Hangzhou, China.

The Best Paper Award. Harrathi, N., Aloui, C., Yarovaya, L.A., Lau, C.K.M. The Euro-American-British financial CDS markets: who are the stress transmitters and receivers of volatility spillovers? Economic Modelling presented at the Infiniti Conference on International Finance Asia-Pacific, 7-8 December 2016, Ho Chi Minh City, Vietnam.

The Best Paper Award. Yarovaya, L., Brzeszczynski, J. & Lau, C.K.M., “Intra- and Inter-regional Return and Volatility Spillovers across Emerging and Developed Markets: Evidence from Stock Indices and Stock Index Futures” presented at the British Accounting and Finance Association (BAFA) NAG conference, 3-4 September 2015, Hull, UK.

Yarovaya, L., Brzeszczynski, J. & Lau, C.K.M. “Asymmetry in spillover effects: Evidence for international stock index futures markets”  presented at the 14th INFINITI Conference on International Finance, 3-14 June 2016, Dublin, Ireland.

Yarovaya, L., Brzeszczynski, J. & Lau, C.K.M. “International transmission mechanism: implications for forecasting”  presented at the 14th INFINITI Conference on International Finance, 3-14 June 2016, Dublin, Ireland.

Paper “Global stock price linkages around world financial crisis: UK evidence” presented on the 12th INFINITI Conference on International Finance, 9-10 June 2014, Prato, Italy.

Paper “Intra- and Interregional Return and Volatility Spillovers across Emerging and Developed Markets: Evidence from Stock Indices and Stock Index Futures” presented at Newcastle Business School Research Conference, 29-30 June, 2015, Newcastle upon Tyne, UK.

Poster presentation “Intra- and Interregional Return and Volatility Spillovers across Emerging and Developed Markets: Evidence from Stock Indices and Stock Index Futures” at the second Young Finance Scholar Conference, 25 June 2015, Sussex University, UK

Poster presentation “Application of ANN for assessing IPD in emerging markets” on the Young Finance Scholar Conference’, 8-9 May 2014, Sussex, UK.

Poster presentation “An empirical framework to assess IPD benefits in emerging markets” Newcastle Business School Research conference ,23-24 June 2014, Newcastle upon Tyne, UK.

Media experience

Larisa Yarovaya ‘How Islamic financial markets are a safe haven in conventional market crises’, The Conversation (October 2017). https://theconversation.com/how-islamic-financial-markets-are-a-safe-haven-in-conventional-market-crises-84243