Ali Shirazi

Ali Shirazi

Assistant Professor of Finance

Saint Mary's University

                                



I am an Assistant Professor of Finance at the Sobey School of Business, Saint Mary’s University. My research examines how market concentration — the growing dominance of a small number of very large firms — shapes asset prices. In recent work, my co-authors and I show that concentration risk is priced in both U.S. equities and corporate bonds, with implications for diversification, portfolio allocation, and financial stability. You can download my CV here.

Interests
  • Asset Pricing
  • Concentration Risk
  • Equity and Corporate Bond Markets
Education
  • PhD in Finance, 2022

    HEC Montréal

  • MA in Economics, 2015

    Concordia University

  • BA in Economics, 2006

    University of Tehran

News

  • Asset Pricing in a Concentrated Economy was presented at the 2026 SAIF Annual Research Conference, where it received the Best Paper Award in Asset Pricing.

Work in Progress

Concentration Risk and Equity-Bond Correlation (2026)