Rasa Karapandza

Raša Karapandža (born January 4, 1978) is a professor of finance at EBS. He serves as a Vice Dean Education and as an academic director of Master in Finance program and head of chair of finance. He received a PhD degree in economics and finance from Barcelona Graduate School of Economics, University Pompeu Fabra, Barcelona. He has been a visiting research scholar at NYU and at UC Berkeley. He also serves as a Visiting professor at NYU.

The general focus of Karapandža’s research and teaching activities is investments, empirical asset pricing, and portfolio management. In his recent papers, he studies return predictability of equities, new methods to test return predictability, the role of information on return predictability, and the use of big data to generate robustly predictable portfolio alphas.

Karapandža’s work has been featured in top media outlets like The Wall Street Journal, The New York Times, Bloomberg and Der Spiegel. He advised members of the US congress on the topics of regulating cryptocurrencies and other blockchain related technologies. He was elected favorite professor by the EBS business school’s student body for his teaching ten years in a row — in 2009 through 2019. What makes him really proud is that he was elected an honorary member of the EBS student-body association.

Currently at EBS Karapandža is teaching an undergraduate class in Investments, MBA class in Finance, Executive MBA course in Corporate finance and a graduate classes in Asset Pricing/Derivatives and Fintech class. At NYU AD Raša is teaching a Fintech course as well as NYU Stern course on Foundation of Financial Markets.

Karapandža serves on the board of directors and as a member of the audit committee of www.rs2.com. A Global Payments Software and Managed Services Provider RS2 is a publicly listed company trusted by Banks, Processors and Payments Service Providers to process over USD$300 billion worth of payments transactions per year. RS2’s BankWORKS is a comprehensive modular payment system used by more than 130 institutions and some of the world’s most innovative and successful payments companies like Bank of America, Barclays and First Data.

He is married to Tamara. They have one child, a son named Filip.

Research focus

• Finance
• Investment
• Empirical asset pricing
• Portfolio management

Working Papers:

• Golez, B., & Karapandza, R. (2018). Home-country media slant. EFA 2018, AFA 2019.
• Gropp, R., Karapandza, R., and Opferkuch, J. (2016). The Forward-looking Disclosures of Corporate Managers: Theory and Evidence.
• M. Marin, M. J., and Karapandza, R. (2012). The Rate of Market Efficiency – Revise and Resubmit in The Journal of Finance – Awarded research prize by DekaBank’s IQ-KAP institute.

Refeereed Journals:

• Karapandza, R., and Kolev, I.G. (2017). Out-of-Sample Equity Premium Predictability and Sample Split Invariant Inference. – Journal of Banking & Finance, Volume 84.
• Karapandza, R. (October, 2016). Stock Returns and Future Tense Language in 10-K Reports – The Journal of Banking & Finance, Volume 71, – Covered by the Wall Street Journal.
• Yaveroglu Ö. N., Malod-Dognin; N., Davis, D., Levnajic, Z., Janjic, V., Stojmirovic, A., Pržulj, N., and Karapandza, R. (April, 2014). Revealing the Hidden Language of Complex Networks. Nature Scientific Reports, Volume 4,).
• Bogojevic, A., Balaz, A., and Karapandza, R. (2008). Consequences of increased longevity on wealth, fertility, and population growth. Physica A, Volume 387, Issues 2-3.
• Bardhan, A., Urosevic, B., and Karapandza, R. (2006). Valuing Mortgage Insurance Contracts in Emerging Market Economies. Journal of Real Estate Finance and Economics, Volume 32, Issue 1.

Books:

• Karapandza, R., Bogojevic, A., and Ivic, I. (2003). Optimization of network of schools in Serbia. A book published by UNICEF, ISBN 86-82471-51-5.