Raman Uppal

Raman Uppal is a Professor at EDHEC Business School in Lille, France, and a Fellow at the Centre for Economic Policy Research (CEPR) in London, United Kingdom. With a prolific academic career spanning several decades, he has established himself as a leading scholar in finance with 43 scholarly papers accumulating over 41,500 downloads and 705+ citations on SSRN.

His research focuses on several critical areas of finance:

• Portfolio optimization under parameter uncertainty and model misspecification
• Cross-sectional asset pricing and factor investing
• Behavioral finance and household portfolio decisions
• Financial market regulations and their economic implications
• The impact of transaction costs on investment strategies
• General equilibrium models with heterogeneous agents

Professor Uppal's work demonstrates a consistent pattern of bridging theoretical models with practical investment applications. His recent research has increasingly focused on the practical implementation challenges of portfolio theory, examining how constraints like transaction costs, market frictions, and regulatory requirements affect investment outcomes. His studies often combine sophisticated mathematical modeling with rigorous empirical analysis to address fundamental questions in investment management.

Among his notable achievements are:

• CEPR Fellowship, recognizing his contributions to economic policy research
• Publications in top finance journals including Journal of Finance, Review of Financial Studies, and Management Science
• Influential work on portfolio choice under uncertainty that has shaped academic and practitioner thinking

Professor Uppal maintains active research collaborations with leading finance scholars including Victor DeMiguel, Lorenzo Garlappi, and Alberto Martin-Utrera. His current research agenda addresses pressing questions in finance, including ESG investing effectiveness, mutual fund performance evaluation frameworks, and the implications of financial market regulations for portfolio construction.