Florentina Paraschiv

Om

Member of the Centre for Banking and Finance NTNU https://www.ntnu.edu/hhs/finance#/view/about

Organizer PhD Summer School in Finance: https://www.ntnu.no/hhs/summerschool

Chair of Finance at the Zeppelin University (since 2021): Chair of Finance | Zeppelin University (zeppelin-university.com)

Research interests: Finance (sustainable finance, energy finance, banking)

Awards:

- 2019 Award by the Austrian Operations Research Society (Best Disertation Award Daniela Escobar) for joint research on "Recovering distortion functions from power futures".

- 2019 Simons Fellowship Isaac Newton Institute, Research Stay University of Cambridge.

- November 2016 – ECOMFIN Best Paper Award, Energy and Commodity Finance Conference, Paris.

- October 2013– DK Gupta Memorial Best Energy Paper Award 2013, Conference Energy Finance, Essen.

Research grants:

- EU Grant COST ACTIONS 2020—2025, Fintech and Artificial Intelligence in Finance - Towards a transparent financial industry: https://www.cost.eu/actions/CA19130/#tabs|Name:overview Leader WP1 for Norway: Transparency in FinTech

- EU Grant Horizon 2018—2021, +CityxChange (2018), (1 million NOK) project partner: http://cityxchange.eu/

- NTNU FINTECH Stud Program (2020) financed by Sparebank 1 SMN (2 million NOK)

-  Isaac Newton Institute (personal) EU grant: Isaac Newton Institute, Research Stay University of Cambridge, 15 March—03 May 2019.
-  Grant offered by the Norwegian Finance Initiative (NFI) to build a PhD Summer School of Finance (2019) at NTNU Business School (50'000 USD)
-   NTNU Research Grant 6 million NOK (2 PhD positions financed for 3 years) (February 2018): Financial challenges for the integration of short term electricity markets with Stein-Erik Fleten
-  Research grant Adolf Øiens Donasjonsfond (March 2018), 100`000 NOK, Energizing new computational frontiers
-  Swiss Federal Office of Energy SFOE, Research programme Energy-Economy-Society (EWG), 2016. Grant of 120’000 CHF for the research proposal: Econometric analysis of the determinants of electricity wholesale prices
- Joint grant with the University of Vienna of 40’000 EUR (2010-2013) Energy Policies and Risk Management for the 21st Century

Former PhD students and postdoc (main supervisor):

Marianna Russo (former Postdoc at NTNU Business School): Call as Assistant Professor at NEOMA Paris
Ranik Raaen Wahlstrøm (former PhD student at NTNU Business School with focus on Corporate Finance, Fintech, Term Structure Models): Call as Associate Professor for Business Analytics at NTNU
Wei Li (former PhD student at NTNU Business School with focus on Energy Finance, Fintech): Call as Postdoc at the University of Singapore
Akarsh Kainth (former co-supervised PhD student at NTNU Ålesund)

On going PhD supervision:

Christoph Halser - NTNU

Md Rajib Kamal - NTNU

Publikasjoner

Green fees: Sustainability impacts on portfolio management

We analyze ESG provider impact on portfolios with rebalancing costs. Outcomes depend on provider, strategy, market, and screening approach. Stricter ESG thresholds amplify composition differences and raise costs.

2026

Paraschiv, Florentina; Schmid, Markus; Wahlstrøm, Ranik Raaen. (2026) Bankruptcy prediction of privately held SMEs using feature selection methods. Journal of Empirical Finance
Vitenskapelig artikkel

2025

Alkan, Doga; Ayari, Rayan; Paraschiv, Florentina. (2025) Green fees: Sustainability impacts on portfolio management. International Review of Financial Analysis
Vitenskapelig artikkel
Halser, Christoph; Keles, Dogan; Paraschiv, Florentina. (2025) Saving gas through cross-border renewable and nuclear electricity generation. Environmental Research Letters
Vitenskapelig artikkel

2024

Paraschiv, Florentina; Schmid, Hannah; Schmitz, Marten; Dünwald, Vivian; Groos, Emma. (2024) The Interplay Between China’s Regulated and Voluntary Carbon Markets and Its Influence on Renewable Energy Development—A Literature Review. Energies
Vitenskapelig oversiktsartikkel

2023

Ongena, Steven Roger Godelieve; Paraschiv, Florentina; Reite, Endre Jo. (2023) Counteroffers and Price Discrimination in Mortgage Lending. Journal of Empirical Finance
Vitenskapelig artikkel
Halser, Christoph; Paraschiv, Florentina; Russo, Marianna. (2023) Oil–gas price relationships on three continents: Disruptions and equilibria. Journal of Commodity Markets
Vitenskapelig artikkel
Böhnke, Victoria; Ongena, Steven Roger Godelieve; Paraschiv, Florentina; Reite, Endre Jo. (2023) Back to the roots of internal credit risk models: Does risk explain why banks' risk-weighted asset levels converge over time?. Journal of Banking & Finance
Vitenskapelig artikkel

2022

Halser, Christoph; Paraschiv, Florentina. (2022) Pathways to Overcoming Natural Gas Dependency on Russia—The German Case. Energies
Vitenskapelig artikkel
Li, Wei; Paraschiv, Florentina; Sermpinis, Georgios. (2022) A data-driven explainable case-based reasoning approach for financial risk detection. Quantitative finance (Print)
Vitenskapelig artikkel
Urquijo, Ignacio Mas; Paraschiv, Florentina. (2022) Cross-border Effects between the Spanish and French Electricity Markets: Asymmetric Dynamics and Benefits in the Light of European Market Integration. Energy Journal
Vitenskapelig artikkel
Wahlstrøm, Ranik Raaen; Paraschiv, Florentina; Schürle, Michael. (2022) A comparative analysis of parsimonious yield curve models with focus on the Nelson-Siegel, Svensson and Bliss versions. Computational Economics
Vitenskapelig artikkel

2021

Ongena, Steven Roger G.; Paraschiv, Florentina; Reite, Endre Jo. (2021) Determinants of Price Discrimination and Switching Mortgage Provider in Times of Regulation and Digitalization. Social Science Research Network (SSRN)
Vitenskapelig artikkel
Kremer, Marcel; Kiesel, Rüdiger; Paraschiv, Florentina. (2021) An econometric model for intraday electricity trading. Philosophical Transactions of the Royal Society A: Mathematical, Physical and Engineering Sciences
Vitenskapelig artikkel
Wahlstrøm, Ranik Raaen; Paraschiv, Florentina; Füss, Roland. (2021) Financial data science for exploring and explaining the ever-increasing amount of data. Norges teknisk-naturvitenskapelige universitet
Doktoravhandling
Li, Wei; Paraschiv, Florentina. (2021) Modelling the Evolution of Wind and Solar Power Infeed Forecasts. Journal of Commodity Markets
Vitenskapelig artikkel

2020

Paraschiv, Florentina; Reese, Stine Marie; Skjelstad, Margrethe Ringkjøb. (2020) Portfolio Stress Testing Applied to Commodity Futures. Computational Management Science
Vitenskapelig artikkel
Paraschiv, Florentina; Mohamad, Dima. (2020) The Nuclear Power Dilemma—Between Perception and Reality. Energies
Vitenskapelig artikkel
Kremer, Marcel; Kiesel, Rüdiger; Paraschiv, Florentina. (2020) Intraday Electricity Pricing of Night Contracts. Energies
Vitenskapelig artikkel
Fleten, Stein-Erik; Paraschiv, Florentina. (2020) Editorial. Computational Management Science
Leder

2019

Paraschiv, Florentina. (2019) Reporting on the research track on "Pricing and optimization of intraday/day-ahead electricity and futures contracts" Mathematics for Energy Systems program, Isaac Newton Institute. SSRN
Forskningsrapport
Westgaard, Sjur; Paraschiv, Florentina; Ekern, Lina Lasessen; Naustdal, Ingrid; Roald, Malene. (2019) Forecasting Price Distributions in the German Electricity Market.
Vitenskapelig kapittel

2018

Frauendorfer, Karl; Paraschiv, Florentina; Schürle, Michael. (2018) Cross-Border Effects on Swiss Electricity Prices in the Light of the Energy Transition. Energies
Vitenskapelig artikkel
Spada, Matteo; Paraschiv, Florentina; Burgherr, Peter. (2018) A comparison of risk measures for accidents in the energy sector and their implications on decision-making strategies. Energy
Vitenskapelig artikkel
Kiesel, Rüdiger; Paraschiv, Florentina; Sætherø, Audun. (2018) On the Construction of Hourly Price Forward Curves for Electricity Prices. Computational Management Science
Vitenskapelig artikkel

2017

Paraschiv, Florentina; Schuerle, Michael. (2017) Replication of non-maturing products in a low interest rate environment.
Faglig kapittel
Aepli, Matthias D.; Füss, Roland; Henriksen, Tom Erik Sønsteng; Paraschiv, Florentina. (2017) Modeling the multivariate dynamic dependence structure of commodity futures portfolios. Journal of Commodity Markets
Vitenskapelig artikkel
Kiesel, Rüdiger; Paraschiv, Florentina. (2017) Econometric analysis of 15-minute intraday electricity prices. Energy Economics
Vitenskapelig artikkel
Paraschiv, Florentina; Frauendorfer, Karl; Schuerle, Michael. (2017) Econometric analysis of the determinants of electricity wholesale prices in Switzerland and Germany (Project Financed by Swiss Federal Office of Energy). Bundesamt für Energie BFE, Switzerland
Forskningsrapport
Benth, Fred Espen; Paraschiv, Florentina. (2017) A space-time random field model for electricity forward prices. Journal of Banking & Finance
Vitenskapelig artikkel

2016

Hagfors, Lars Ivar; Kamperud, Hilde Hørthe; Paraschiv, Florentina; Prokozcuk, Marcel; Sator, Alma; Westgaard, Sjur. (2016) Prediction of extreme price occurrences in the German day-ahead electricity market. Quantitative finance (Print)
Vitenskapelig artikkel
Hagfors, Lars Ivar; Paraschiv, Florentina; Molnar, Peter; Westgaard, Sjur. (2016) Using quantile regression to analyze the effect of renewables on EEX price formation. Renewable Energy and Environmental Sustainability
Vitenskapelig artikkel
Paraschiv, Florentina; Hadzi-Mishev, Risto; Keles, Dogan. (2016) Extreme Value Theory for heavy-tails in electricity prices. Journal of Energy Markets
Vitenskapelig artikkel

2015

Paraschiv, Florentina; Fleten, Stein-Erik; Schuerle, Michael. (2015) A spot-forward model for electricity prices with regime shifts. Energy Economics
Vitenskapelig artikkel
Keles, Dogan; Scelle, Jonathan; Paraschiv, Florentina; Fichtner, Wolfgang. (2015) Extended forecast methods for day-ahead electricity spot prices applying artificial neural networks (ANN). Applied Energy
Vitenskapelig artikkel
Paraschiv, Florentina; Mudry, Pierre Antoine; Andries, Alin. (2015) Stress testing techniques for portfolios of commodity futures, using extreme-value theory and copulas. Economic Modelling
Vitenskapelig artikkel

2014

Gamze, Celik; Frauendorfer, Karl; Paraschiv, Florentina. (2014) Joint dynamics of European and American oil prices. Palgrave Macmillan
Faglig monografi
Paraschiv, Florentina; Erni, David; Pietsch, Ralf. (2014) The impact of renewable energies on EEX day-ahead electricity prices. Energy Policy
Vitenskapelig artikkel
Paraschiv, Florentina; Mudry, Pierre Antoine. (2014) Stress testing techniques for portfolios of commodity futures, using extreme-value theory and copulas. Springer, Cham
Antologi
Kovacevic, Raimund M.; Paraschiv, Florentina. (2014) Medium-term planning for thermal electricity production. OR Spectrum: quantitative approaches in management
Vitenskapelig artikkel

2013

Paraschiv, Florentina; Schuerle, Michael. (2013) Optimizing risk and return of non-maturing products by dynamic replication.
Vitenskapelig kapittel
Paraschiv, Florentina. (2013) Price dynamics in electricity markets.
Vitenskapelig kapittel
Agustin, Daviou; Paraschiv, Florentina. (2013) Investors` behavior under changing market volatility. Journal of Investing
Vitenskapelig artikkel
Paraschiv, Florentina. (2013) Adjustment policy of deposit rates in the case of Swiss non-maturing savings accounts. Journal of Applied Finance and Banking
Vitenskapelig artikkel

2012

Paraschiv, Florentina. (2012) Modeling non-maturing savings volumes. Economics & Finance Review
Vitenskapelig artikkel

2011

Paraschiv, Florentina. (2011) Modeling client rates and volumes of the non-maturing savings accounts. Bank- und Finanzwirtschaftliche Forschungen, Haupt Verlag
Faglig monografi

Tidsskriftspublikasjoner

Paraschiv, Florentina; Schmid, Markus; Wahlstrøm, Ranik Raaen. (2026) Bankruptcy prediction of privately held SMEs using feature selection methods. Journal of Empirical Finance
Vitenskapelig artikkel
Alkan, Doga; Ayari, Rayan; Paraschiv, Florentina. (2025) Green fees: Sustainability impacts on portfolio management. International Review of Financial Analysis
Vitenskapelig artikkel
Paraschiv, Florentina; Schmid, Hannah; Schmitz, Marten; Dünwald, Vivian; Groos, Emma. (2024) The Interplay Between China’s Regulated and Voluntary Carbon Markets and Its Influence on Renewable Energy Development—A Literature Review. Energies
Vitenskapelig oversiktsartikkel
Ongena, Steven Roger Godelieve; Paraschiv, Florentina; Reite, Endre Jo. (2023) Counteroffers and Price Discrimination in Mortgage Lending. Journal of Empirical Finance
Vitenskapelig artikkel
Hagfors, Lars Ivar; Kamperud, Hilde Hørthe; Paraschiv, Florentina; Prokozcuk, Marcel; Sator, Alma; Westgaard, Sjur. (2016) Prediction of extreme price occurrences in the German day-ahead electricity market. Quantitative finance (Print)
Vitenskapelig artikkel
Aepli, Matthias D.; Füss, Roland; Henriksen, Tom Erik Sønsteng; Paraschiv, Florentina. (2017) Modeling the multivariate dynamic dependence structure of commodity futures portfolios. Journal of Commodity Markets
Vitenskapelig artikkel
Frauendorfer, Karl; Paraschiv, Florentina; Schürle, Michael. (2018) Cross-Border Effects on Swiss Electricity Prices in the Light of the Energy Transition. Energies
Vitenskapelig artikkel
Halser, Christoph; Paraschiv, Florentina. (2022) Pathways to Overcoming Natural Gas Dependency on Russia—The German Case. Energies
Vitenskapelig artikkel
Ongena, Steven Roger G.; Paraschiv, Florentina; Reite, Endre Jo. (2021) Determinants of Price Discrimination and Switching Mortgage Provider in Times of Regulation and Digitalization. Social Science Research Network (SSRN)
Vitenskapelig artikkel
Paraschiv, Florentina; Reese, Stine Marie; Skjelstad, Margrethe Ringkjøb. (2020) Portfolio Stress Testing Applied to Commodity Futures. Computational Management Science
Vitenskapelig artikkel
Paraschiv, Florentina; Mohamad, Dima. (2020) The Nuclear Power Dilemma—Between Perception and Reality. Energies
Vitenskapelig artikkel
Kremer, Marcel; Kiesel, Rüdiger; Paraschiv, Florentina. (2021) An econometric model for intraday electricity trading. Philosophical Transactions of the Royal Society A: Mathematical, Physical and Engineering Sciences
Vitenskapelig artikkel
Spada, Matteo; Paraschiv, Florentina; Burgherr, Peter. (2018) A comparison of risk measures for accidents in the energy sector and their implications on decision-making strategies. Energy
Vitenskapelig artikkel
Halser, Christoph; Keles, Dogan; Paraschiv, Florentina. (2025) Saving gas through cross-border renewable and nuclear electricity generation. Environmental Research Letters
Vitenskapelig artikkel
Halser, Christoph; Paraschiv, Florentina; Russo, Marianna. (2023) Oil–gas price relationships on three continents: Disruptions and equilibria. Journal of Commodity Markets
Vitenskapelig artikkel
Li, Wei; Paraschiv, Florentina; Sermpinis, Georgios. (2022) A data-driven explainable case-based reasoning approach for financial risk detection. Quantitative finance (Print)
Vitenskapelig artikkel
Urquijo, Ignacio Mas; Paraschiv, Florentina. (2022) Cross-border Effects between the Spanish and French Electricity Markets: Asymmetric Dynamics and Benefits in the Light of European Market Integration. Energy Journal
Vitenskapelig artikkel
Kremer, Marcel; Kiesel, Rüdiger; Paraschiv, Florentina. (2020) Intraday Electricity Pricing of Night Contracts. Energies
Vitenskapelig artikkel
Kiesel, Rüdiger; Paraschiv, Florentina. (2017) Econometric analysis of 15-minute intraday electricity prices. Energy Economics
Vitenskapelig artikkel
Wahlstrøm, Ranik Raaen; Paraschiv, Florentina; Schürle, Michael. (2022) A comparative analysis of parsimonious yield curve models with focus on the Nelson-Siegel, Svensson and Bliss versions. Computational Economics
Vitenskapelig artikkel
Böhnke, Victoria; Ongena, Steven Roger Godelieve; Paraschiv, Florentina; Reite, Endre Jo. (2023) Back to the roots of internal credit risk models: Does risk explain why banks' risk-weighted asset levels converge over time?. Journal of Banking & Finance
Vitenskapelig artikkel
Paraschiv, Florentina; Fleten, Stein-Erik; Schuerle, Michael. (2015) A spot-forward model for electricity prices with regime shifts. Energy Economics
Vitenskapelig artikkel
Kiesel, Rüdiger; Paraschiv, Florentina; Sætherø, Audun. (2018) On the Construction of Hourly Price Forward Curves for Electricity Prices. Computational Management Science
Vitenskapelig artikkel
Agustin, Daviou; Paraschiv, Florentina. (2013) Investors` behavior under changing market volatility. Journal of Investing
Vitenskapelig artikkel
Li, Wei; Paraschiv, Florentina. (2021) Modelling the Evolution of Wind and Solar Power Infeed Forecasts. Journal of Commodity Markets
Vitenskapelig artikkel
Keles, Dogan; Scelle, Jonathan; Paraschiv, Florentina; Fichtner, Wolfgang. (2015) Extended forecast methods for day-ahead electricity spot prices applying artificial neural networks (ANN). Applied Energy
Vitenskapelig artikkel
Hagfors, Lars Ivar; Paraschiv, Florentina; Molnar, Peter; Westgaard, Sjur. (2016) Using quantile regression to analyze the effect of renewables on EEX price formation. Renewable Energy and Environmental Sustainability
Vitenskapelig artikkel
Paraschiv, Florentina; Erni, David; Pietsch, Ralf. (2014) The impact of renewable energies on EEX day-ahead electricity prices. Energy Policy
Vitenskapelig artikkel
Paraschiv, Florentina; Mudry, Pierre Antoine; Andries, Alin. (2015) Stress testing techniques for portfolios of commodity futures, using extreme-value theory and copulas. Economic Modelling
Vitenskapelig artikkel
Paraschiv, Florentina. (2012) Modeling non-maturing savings volumes. Economics & Finance Review
Vitenskapelig artikkel
Paraschiv, Florentina; Hadzi-Mishev, Risto; Keles, Dogan. (2016) Extreme Value Theory for heavy-tails in electricity prices. Journal of Energy Markets
Vitenskapelig artikkel
Fleten, Stein-Erik; Paraschiv, Florentina. (2020) Editorial. Computational Management Science
Leder
Paraschiv, Florentina. (2013) Adjustment policy of deposit rates in the case of Swiss non-maturing savings accounts. Journal of Applied Finance and Banking
Vitenskapelig artikkel
Kovacevic, Raimund M.; Paraschiv, Florentina. (2014) Medium-term planning for thermal electricity production. OR Spectrum: quantitative approaches in management
Vitenskapelig artikkel
Benth, Fred Espen; Paraschiv, Florentina. (2017) A space-time random field model for electricity forward prices. Journal of Banking & Finance
Vitenskapelig artikkel

Bøker

Paraschiv, Florentina. (2011) Modeling client rates and volumes of the non-maturing savings accounts. Bank- und Finanzwirtschaftliche Forschungen, Haupt Verlag
Faglig monografi
Gamze, Celik; Frauendorfer, Karl; Paraschiv, Florentina. (2014) Joint dynamics of European and American oil prices. Palgrave Macmillan
Faglig monografi
Paraschiv, Florentina; Mudry, Pierre Antoine. (2014) Stress testing techniques for portfolios of commodity futures, using extreme-value theory and copulas. Springer, Cham
Antologi

Del av bok/rapport

Paraschiv, Florentina; Schuerle, Michael. (2017) Replication of non-maturing products in a low interest rate environment.
Faglig kapittel
Paraschiv, Florentina; Schuerle, Michael. (2013) Optimizing risk and return of non-maturing products by dynamic replication.
Vitenskapelig kapittel
Paraschiv, Florentina. (2013) Price dynamics in electricity markets.
Vitenskapelig kapittel
Westgaard, Sjur; Paraschiv, Florentina; Ekern, Lina Lasessen; Naustdal, Ingrid; Roald, Malene. (2019) Forecasting Price Distributions in the German Electricity Market.
Vitenskapelig kapittel

Rapport

Paraschiv, Florentina. (2019) Reporting on the research track on "Pricing and optimization of intraday/day-ahead electricity and futures contracts" Mathematics for Energy Systems program, Isaac Newton Institute. SSRN
Forskningsrapport
Paraschiv, Florentina; Frauendorfer, Karl; Schuerle, Michael. (2017) Econometric analysis of the determinants of electricity wholesale prices in Switzerland and Germany (Project Financed by Swiss Federal Office of Energy). Bundesamt für Energie BFE, Switzerland
Forskningsrapport

Studentoppgave eller avhandling

Wahlstrøm, Ranik Raaen; Paraschiv, Florentina; Füss, Roland. (2021) Financial data science for exploring and explaining the ever-increasing amount of data. Norges teknisk-naturvitenskapelige universitet
Doktoravhandling

Formidling