Education

  • Ph.D., HEC Montreal, 2019
  • M.S., Sabanci University, 2010
  • B.A., Bogazici University, 2009

Courses

  • Principles of Finance
  • Corporate Finance
  • Seminar in Finance
  • Financial Management (MBA)

Research Interests

  • Empirical Asset Pricing
  • Financial Econometrics
  • ESG Investing

Biography

Denada Ibrushi, Ph.D., is an Associate Professor of Finance at the Greehey School of Business at St. Mary’s University. She holds a Ph.D. in Finance from HEC Montreal in Canada. Ibrushi is very passionate about teaching and her teaching interests consist of, but are not limited to, financial management, corporate finance, and investments. She has taught several finance courses at HEC Montreal and Epoka University. Ibrushi is also the advisor for the Dean’ s Scholars Program.

Ibrushi’s research interests span the fields of empirical asset pricing, financial econometrics, and ESG investing. She has presented her work at multiple international conferences including the European and Annual Meetings of the Financial Management Association, and at the HEC Montreal-McGill Workshop, where she earned the Best Presentation Award. Her paper, titled “Time Variation in Cash Flows and Discount Rates,” was a semi-finalist at the 2019 Global Conference of Financial Management. During the last term of her Ph.D., Ibrushi worked as a researcher at HEC Liege in Belgium.

Ibrushi is a design thinker and has attended the Teaching and Learning Studio Summer 2022 at Stanford University. She enjoys learning foreign languages, traveling and exploring new cultures.

Some of her past awards and honors include the Mitacs Globalink Research Award in 2018, the Alma Lepage Scholarship from HEC Montreal in 2016, the Mid-Program Doctoral Scholarship from HEC Montreal in 2015, and a research fellowship from the Montreal Institute of Structured Finance and Derivatives in 2014.

Selected Publications

“Time Variation in Cash Flows and Discount Rates”, with Tolga Cenesizoglu, Journal of Financial Econometrics, 2022;, nbac016, https://doi.org/10.1093/jjfinec/nbac016.

“Reconsidering Systematic Factors During the Covid-19 Pandemic – The Rising Importance of ESG”, with Violeta Diaz and Jialin Zhao, Finance Research Letters 38, 2021, 101870.

“Predicting Systematic Risk with Macroeconomic and Financial Variables”, with Tolga Cenesizoglu, Journal of Financial Research 43, 2020, 649-673

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