Krasimir Kostenarov

Krasimir Kostenarov serves as an Assistant Professor in the Department of Finance at New Bulgarian University (NBU), holding a PhD in Economics with specialization in Finance, Money Circulation, Credit and Insurance. He teaches core finance courses including Financial Calculations in MS Excel, Risk Analysis, and Financial Modeling with MS Excel.

His academic background includes:

• Higher education in Finance
• PhD in Economics (professional field) specializing in Finance, Money Circulation, Credit and Insurance

Dr. Kostenarov's research focuses on corporate finance, capital markets, and risk management in emerging economies, particularly Bulgaria. He develops computational models for risk assessment using asymmetric deviations and mean absolute deviation in CAPM frameworks, and investigates operational risk in non-financial enterprises through loss allocation methods. His work bridges theoretical finance with practical applications in transitional markets.

Publication analysis from 2008-2020 reveals consistent emphasis on Bulgarian capital market dynamics, with specialized contributions to downside risk modeling (D-CAPM), European integration impacts on cost of equity, and enterprise resource planning effectiveness. His research demonstrates methodological innovation in adapting traditional financial models to emerging market conditions.

No scientific awards were documented in the source materials.

Teaching responsibilities include Financial Calculations in MS Excel (BAFB537), Practice (BAFB563), Seminar: Processing and Visualizing Economic Data (BAFB566), Internship (BAFB769), and Risk Analysis (BAFB801). Office hours are held Thursdays 15:00-17:00 and Fridays 11:00-13:00 in room 708 of Building II.