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Savva Shanaev


Department: Newcastle Business School

Dr Savva Shanaev is a Lecturer in Finance at the Accounting and Financial Management department at Newcastle Business School. 
Savva's research interests include but are not limited to asset pricing, financial econometrics, anomalies on financial markets, alternative investment, economics of cryptocurrencies, international finance, and econometrics of economic growth. 
Savva has widely published in reputed finance and economics journals, such as European Journal of Finance, Finance Research Letters, Journal of Alternative Investments, Research in International Business and Finance, Journal of Behavioural and Experimental Finance, and Journal of Risk Finance. He also served as a reviewer for multiple ABS-ranked journals, including Finance Research Letters, Applied Economics, and Emerging Markets Finance and Trade. 
At Northumbria University, Savva is currently teaching on modules revolving around financial management, risk management, derivatives, quantitative finance, and mathematics. He is passionate about research-informed teaching and the blended learning approach, leading an educational YouTube channel in his spare time. 
Before joining Northumbria University, Savva has studied International Economics at Finance University in Moscow, Russia, and has been a consultant and a researcher at Federal Centre for Project Finance at Vneshekonombank, a Russian development bank. 
Apart from working matters, Savva is an avid Liverpool fan. His hobbies also include poetry, linguistics, European history, and gaming.
Savva Shanaev

Savva's research interests include but are not limited to asset pricing, financial econometrics, anomalies on financial markets, alternative investment, economics of cryptocurrencies, international finance, and econometrics of economic growth. 

  • Please visit the Pure Research Information Portal for further information
  • Analyst herding – whether, why, and when? Two new tests for herding detection in target forecast prices, Reveley, C., Shanaev, S., Bin, Y., Panta, H., Ghimire, B. 28 Dec 2023, In: Economics and Business Review
  • LGBT CEOs and Stock Returns: Diagnosing Rainbow Ceilings and Cliffs, Shanaev, S., Skorochodova, A., Vasenin, M. 1 Oct 2023, In: Research in International Business and Finance
  • Turn-of-the-candle effect in bitcoin returns, Shanaev, S., Vasenin, M., Stepanov, R. Mar 2023, In: Heliyon
  • A Generalised Seasonality Test and Applications for Cryptocurrency and Stock Market Seasonality, Shanaev, S., Ghimire, B. 1 Nov 2022, In: Quarterly Review of Economics and Finance
  • Effects of official versus online review ratings, Ghimire, B., Shanaev, S., Lin, Z. 1 Jan 2022, In: Annals of Tourism Research
  • The Groundhog Day stock market anomaly, Shanaev, S., Shuraeva, A., Fedorova, S. 1 Jun 2022, In: Finance Research Letters
  • When ESG meets AAA: The effect of ESG rating changes on stock returns, Shanaev, S., Ghimire, B. 1 May 2022, In: Finance Research Letters
  • Efficient scholars: academic attention and the disappearance of anomalies, Shanaev, S., Ghimire, B. 11 Feb 2021, In: The European Journal of Finance
  • Children's toy or grown-ups' gamble? LEGO sets as an alternative investment, Shanaev, S., Shimkus, N., Ghimire, B., Sharma, S. 30 Nov 2020, In: Journal of Risk Finance
  • New Evidence on the Institutional Causes of Economic Growth: Using Peer Pressure to Unbundle Institutions across Countries, Shanaev, S., Wanjiru, R. 6 Jul 2020, AIB 2020 Online

  • Accounting and Finance PhD July 19 2021
  • Financial Management BA (Hons) July 31 2017
  • Associate Fellow, Advance HE UK AFHEA 2019

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