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Anna Pavlova

Professor of Finance


MS (Moscow State University), MA (New Economic School, Moscow), PhD (Pennsylvania)

Anna Pavlova is Professor of Finance at London Business School, a former Director of the European Finance Association and a European Research Council’s starting grants panel member. She is an active Research Fellow of the Centre for Economic Policy Research and an editor of Annals of Finance.

 

Prior to joining LBS, she was on the faculty at MIT Sloan School of Management. She holds a PhD in Economics from the University of Pennsylvania, an MA in Economics from the New Economic School (Moscow) and an MSc in Applied Mathematics from Moscow State University.

 

Professor Pavlova has published in top journals such as the American Economic Review, Journal of Finance, the Review of Financial Studies and the Review of Economic Studies. Her recent research focuses on the impact of institutional investors on asset prices, the financialisation of commodities and frictions in international financial markets. Anna has been awarded an ERC Starting Grant and has received a number of other prestigious awards for her research and teaching.


Professor Pavlova is currently one of the Academic Directors of the AQR Asset Management Institute at LBS.

2016

A model of financialization of commodities

Basak S; Pavlova A

Journal of Finance 2016 Vol 71:4 p 1511-1556

2013

Asset prices and institutional investors

Basak S; Pavlova A

American Economic Review 2013 Vol 103:5 p 1728-1758

International macro-finance

Pavlova A; Rigobon R

Book Chapter: In Caprio G (ed.) Handbook of Safeguarding Global Financial Stability: Political, Social, Cultural and Econmic Theories and Models, p169-176, Oxford: Elselvier Inc, 2013

2010

An asset-pricing view of external adjustment

Pavlova A; Rigobon R

Journal of International Economics 2010:80 p 144-156

2008

The role of portfolio constraints in the international propagation of shocks

Pavlova A; Rigobon R

Review of Economic Studies 2008 Vol 75:4 p 1215-1256

Multiplicity in general financial equilibrium with portfolio constraints

Basak S; Cass D; Licari J M; Pavlova A

Journal of Economic Theory 2008 September Vol 142:1 p 100-127

Offsetting the implicit incentives: Benefits of benchmarking in money management

Basak S; Pavlova A; Shapiro A

Journal of Banking and Finance 2008:32 p 1883-1893

2007

Asset prices and exchange rates

Pavlova A; Rigobon R

Review of Financial Studies 2007 July Vol 20:4 p 1139-1181

Optimal asset allocation and risk shifting in money management

Basak S; Pavlova A; Shapiro A

Review of Financial Studies 2007 Vol 20:5 p 1583-1621

2005

Monopoly power and the firm's valuation: a dynamic analysis of short- versus long-term policies

Basak S; Pavlova A

in Citanna A et al. eds, Essays in dynamic general equilibrium theory: festschrift for David Cass, Springer, 2005

2004

Monopoly power and the firm's valuation: a dynamic analysis of short- versus long-term policies

Basak S; Pavlova A

Economic Theory 2004 Oct Vol 24:3 p 503-530

On trees and logs

Cass D; Pavlova A

Journal of Economic Theory 2004 Vol 116 p 41-83

MBA


  • C111 Core MBA Course in Corporate Finance (Streams A-E) 


Electives


  • E486 Elective Course in Nobel Thinking

Research Awards


  • Elected Director, European Finance Association, mandate 2012-2015.

  • ERC Starting Grant, a five-year grant to fund research and buy down teaching, 2010.

  • MBA Outstanding Core Course Teaching Award, for Corporate Finance and Valuation, 2009, 2011, 2012.

  • Fondation Banque de France research grant, for proposal entitled, “An Asset-Pricing View of the Current Account” (with R. Rigobon), 2007.

  • London Business School Centre for Corporate Governance research grant, for “Offsetting the Incentives: Benefits of Benchmarking in Money Management” (with S.Basak and A. Shapiro), 2007.

  • Institute for Quantitative Research in Finance (Q Group) funding award, for “Optimal Asset Allocation and Risk Shifting in Money Management” (with S. Basakand A. Shapiro), 2003.

  • Ford Foundation International Career Development Chair (a three-year chair), Sloan School of Management, Massachusetts Institute of Technology, 2001 and 2004.

  • Joel Popkin Graduate Student Teaching Prize in Economics, University of Pennsylvania, 2000.

  • CARESS Research Fund Award, University of Pennsylvania, 1999.

  • Beth Hayes Prize for Graduate Research Accomplishment in Economics, University of Pennsylvania, 1998.


Fellowship


  • Department of Economics Fellowship, University of Pennsylvania, 1995–1996.


Scholarship


  • Yale-Moscow State University Exchange Scholarship, 1993.

Links

SSRN

Research Interests


  • International finance and economics
  • Asset pricing
  • Market imperfections
  • Continuous-time finance and economics
  • Mutual funds
  • Portfolio choice
  • Equilibrium theory