Prodosh E. Simlai

Economics 210. Introduction to Business & Economic Statistics

Economics 410. Empirical Methods in Economics I

Economics 411. Economic Forecasting

Economics 506. Econometrics

Economics 510. Financial Econometrics/Time-series methods and applications

Finance 420. Investment Analysis and Portfolio Management

Finance 470. Student Investment Fund II

Finance 492. Readings and Research in Finance

Finance 575. Special Topics

Financial Markets, Real Estate, Applied Econometrics

Selected Refereed Publications:

Simlai P. (2024). : Expected idiosyncratic moment risk and the cross-section of REIT returns, Journal of Property Research (forthcoming).

Simlai P. (2024). : Investor sophistication, investor sentiment, and cash-based operating profitability, Review of Quantitative Finance and Accounting (forthcoming).

Simlai P. (2024). : Risk characterization of firms with ESG attributes using a supervised machine learning method, Journal of Risk and Financial Management. Vol.17, No. 5.

Simlai P. (2022). : Structural innovation in state variables and expected stock returns, Managerial Finance, Vol. 48, No. 2, pp. 289-312.

Simlai P. (2021). : Accrual mispricing, value-at-risk, and expected stock returns, Review of Quantitative Finance and Accounting, Vol. 57, pp. 1487–1517.

Simlai P. (2021). : Predicting owner-occupied housing values using machine learning: An empirical investigation of California census tracts data. Journal of Property Research, Vol. 38, no. 4, pp. 305-336.

Simlai P. (2019). : Subprime credit, idiosyncratic risk, and foreclosures. Quarterly Review of Economics and Finance, Vol. 74, pp. 175-189.

Simlai, P. (2018). Spatial dependence, idiosyncratic risk, and the valuation of disaggregated housing data. Journal of Real Estate Finance and Economics, Vol. 57, no. 2, pp. 192-230.

Dennis, S., Simlai, P., Smith, W. (2017). Modified beta and cross-sectional stock returns, in (ed.) Growing Presence of Real Options in Global Financial Markets, Research in Finance, Vol. 33, pp. 75 - 104

Simlai, P. (2016). Time-varying risk, mispricing attributes, and the accrual premium. International Review of Financial Analysis, Vol. 48, pp. 150-161. 

Lindaas, K. F., Simlai, P. (2016). Size, value, and momentum risk in the cross-section of average returns and volatility, Research in Finance, Vol. 32, pp. 109-144.

Dennis, S., Lee, T., Simlai, P. (2015). The effects of oil production on bank deposits in North Dakota's Bakken formation (Vol. 31). Research in Finance.

Lindaas, K. F., Simlai, P. (2014). The value premium, aggregate risk innovations, and average stock returns. Finance Research Letters, Vol. 11, no. 3, pp. 303-317.

Simlai, P. (2014). Firm characteristics, distress risk, and average stock returns. Accounting Research Journal, Vol. 27, no.2, pp. 101-123.

Simlai, P. (2014). Persistence of ex-ante volatility and the cross-section of stock returns. International Review of Financial Analysis, Vol. 33, pp. 253-261.

Simlai, P. (2014). Estimation of variance of housing prices using spatial conditional heteroskedasticity (SARCH) model with an application to Boston housing price data. Quarterly Review of Economics and Finance, Vol. 54, no. 1, pp. 17-30.

Simlai, P. (2013). Cash-flows, earnings, and time-varying expected stock returns. Journal of Economic and Administrative Sciences, 29(1), pp. 42-62.

Simlai, P. (2012). Disentangling beta and value premium using macroeconomic risk factors (with W. Espe). Business Economics, 47(2), pp. 104-118.

Simlai, P. (2012). Endogenous information, risk characterization, and time-varying expected stock returns. Brazilian Review of Finance, 10(3), pp. 291-315.

Simlai, P. (2011). Beta uncertainty, risk, and the performance characteristics of hedge funds. Banking and Finance Review, 3(2), pp. 63-80.

Simlai, P. (2011). Information spillovers between size and value premium in average stock returns (with T. Anheluk). Journal of Asset Management, 12(6), pp. 395-406.

Simlai, P. (2011). Risk characterization, stale pricing, and the attributes of hedge funds performance (with A. Jordan). Journal of Derivatives and Hedge Funds, 17(1), pp. 16-33.

Simlai, P. (2010). What drives the implied volatility of index options? Journal of Derivatives and Hedge Funds, 16(2), pp. 85-99.

Simlai, P. (2009). Stock returns, size and book-to-market equity. Studies in Economics and Finance, 26(3), pp. 198-212.

Simlai, P. (2008). Do the common risk factors always capture strong variation in stock returns? Journal of Asset Management, 9(4), pp. 255-263.

Simlai, P. (2006). Estimating functions and equations (with A. Bera and Y. Bilias). Handbook of Econometrics/Palgrave-MacMillan, Vol. 1, pp. 427-476.

Paper Presentation and Discussant:

Eastern Finance Association Annual Meeting 

Midwest Finance Association Annual Meeting 

Southwestern Finance Association Annual Meeting 

Southern Finance Association Annual Meeting 

North Dakota Spirit Award, University of North Dakota (AY 2011-2012, 2010-2011, 2009-2011)

Junior Faculty Research Award, CoBPA, University of North Dakota (AY 2009-2010)

Faculty Research Award, CoBPA, University of North Dakota (AY 2008-2009)

Management Development Program, Harvard University

PhD in Economics, University of Illinois at Urbana-Champaign

MS in Finance, University of Illinois at Urbana-Champaign

Professional Experience

North Dakota State Investment Board (SIB)

State Investment Board (SIB) Member: August 1, 2023 - June 30, 2028

North Dakota State Investment Committee Member: August 1, 2022 – Present

Nistler College of Business and Public Administration (NCoBPA) University of North Dakota (UND)

Chair, Department of Economics and Finance: Summer 2020 – Present

Professor: Fall 2017 – Present

Director of Research: Fall 2013 – Spring 2015

Associate Professor (Tenured): Fall 2012 – Summer 2017

Assistant Professor (Tenure-track position): Fall 2007 – Summer 2012

Other Experience

Department

Economics Department Faculty Search Committee Chair, 2009 - 2010

Economics Department Faculty Search Committee Member, 2008 - 2009

Economics Department Representative for the Library, 2008 - 2009

College

CoBPA Curriculum Committee Member, 2009 - Present

Evaluator for MBA AoL presentation, 2011 - Present

University

University Curriculum Committee Member, 2011 - 2013

Professional Memberships

American Finance Association (2008 - Present)

Eastern Finance Association (2013 - Present)

Midwest Finance Association (2008 - Present)

Southern Finance Association (2012 - Present)

Southwestern Finance Association (2010 - Present)

Manuscript Reviewer for Journals

Accounting Research Journal, European Journal of Finance, Economics Letters, Empirical Economics, Financial Markets and Portfolio Management, Housing Policy Debate, International Review of Economics and Finance, International Review of Financial Analysis, Journal of Asset Management, Journal of Economics and Finance, Journal of Economic and Administrative Sciences, Journal of International Money and Finance, Journal of Financial Economic Policy, Journal of Economics, Managerial Finance, Review of Accounting and Finance, Research in International Business and Finance, The Financial Review