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Savva Shanaev

Graduate Tutor

Department: Newcastle Business School

Savva Shanaev is a Graduate Tutor in Finance and a PhD candidate 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, 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, and derivatives. 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. At Finance University, he also worked as a part-time lecturer in game theory. 
Apart from working matters, Savva is an avid Liverpool fan. His hobbies also include poetry, linguistics, European history, and gaming.
Savva Shanaev

Research Themes and Scholarly Interests

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. 

Key Publications

  • Please visit the Pure Research Information Portal for further information
  • Effects of official versus online review ratings, Ghimire, B., Shanaev, S., Lin, Z. 3 Jun 2021, In: Annals of Tourism Research
  • Efficient scholars: academic attention and the disappearance of anomalies, Shanaev, S., Ghimire, B. 11 Feb 2021, In: The European Journal of Finance
  • When ESG meets AAA: The effect of ESG rating changes on stock returns, Shanaev, S., Ghimire, B. 6 Jul 2021, In: Finance Research Letters
  • 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, How Crossing Borders Changes Business, East Lansing, MI, Academy of International Business
  • Taming the blockchain beast? Regulatory implications for the cryptocurrency Market, Shanaev, S., Sharma, S., Ghimire, B., Shuraeva, A. 1 Jan 2020, In: Research in International Business and Finance
  • Cryptocurrency value and 51% attacks: evidence from event studies, Shanaev, S., Shuraeva, A., Vasenin, M., Kuznetsov, M. 31 Dec 2019, In: Journal of Alternative Investments
  • Is all politics local? Regional political risk in Russia and the panel of stock returns, Shanaev, S., Ghimire, B. 1 Mar 2019, In: Journal of Behavioral and Experimental Finance


  • Financial Management BA (Hons) July 31 2017
  • Associate Fellow, Advance HE UK AFHEA 2019

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