Angel Tengulov

Angel Tengulov is an assistant professor of finance at the University of Kansas School of Business. His research interests include empirical corporate finance, banking and financial intermediation as well as limits to arbitrage, empirical asset pricing, and short-selling. Prior to joining KU, he taught in the MBA and Master's in Finance programs at Vanderbilt University's Owen Graduate School of Management. His research has been published in the Journal of Financial Economics and has generated media coverage by Bloomberg and the Harvard Law School Forum on Corporate Governance, among others.

Prior to his academic career, he worked in financial and economic consulting at Cornerstone Research. Tengulov also gained experience in equity research and capital markets at Raiffeisen Centrobank and the audit department at Deloitte. He is a CFA charterholder.

Research Interests:

​​ * Limits to Arbitrage, Derivatives, and Short Selling * Corporate Finance and Financial Intermediation * Intersection of Corporate Finance and Asset Pricing

Education

• Ph.D. in Finance, Vienna University of Economics and Business &​ VGSF
• M.S. in Business Economics and Finance, London Metropolitan University
• Diploma for Graduates in Finance, London School of Economics
• B.S. in International Economic Relations, University of Plovdiv

Selected Publications

• Allen, F., Haas, M. D., Nowak, E., & Tengulov, A. (2021). Market efficiency and limits to arbitrage: Evidence from the Volkswagen short squeeze. Journal of Financial Economics.