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Ra­sul Ali­yev

PhD fellow

Emner
Finansiering Investering Værdipapirer

Analyzing financial institution behavior and its impact on investors

My research focuses on how financial institutions make capital structure decisions and how these choices affect investors, markets, and financial stability. I study instruments such as Additional Tier 1 (AT1) bonds and structured products, analyzing the incentives behind issuance and call decisions, and the implications for pricing, risk, and investor perception.

More broadly, my work examines how banks and other financial institutions manage funding, risk, and investor relations. I am interested in understanding the mechanisms behind financial decision-making and how these interact with regulation, market expectations, and systemic stability.

The overall ambition of my research is to contribute to well-functioning financial markets by improving transparency and deepening understanding of the link between institutions and investors. By providing evidence-based insights, I aim to support more informed decision-making among banks, policymakers, and market participants. 

Recent research projects

Hybrid Bank Capital: The Economics of Uneconomic AT1 Calls

We show banks often call AT1 bonds even when costly, to keep expected maturity low. Results indicate that under high uncertainty, calls reduce yields on other AT1s but not on other debt.