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Roxana Mihet is Assistant Professor of Finance at the University of Lausanne. She has received multiple research awards, including the Cubist Systematic Strategies Award at the Western Finance Association, an ArmaSuisse Cybersecurity Defense (CYD) Grant, and a Sandoz Family Foundation Fellowship to lead an interdisciplinary research initiative on AI and the data economy.

Expertise

Professor Mihet examines the transformative impact of new financial information technologies such as AI and machine learning on productivity, inequality, and competition. In her research, she argues that the current policy debate—often focused on AI models as a source of consolidation—overlooks a critical driver: the data that fuels AI systems. She addresses this gap by disentangling the roles of compute and data feedback loops in market concentration, and by showing that unequal access to usable (processed) data can reinforce market power even when AI capabilities diffuse. DeepSeek's rise shows how knowledge distillation can offset scarce compute. For banks and asset managers, the implication is practical: competitive edge increasingly depends on data governance—quality, security, privacy, and interoperability—so that raw information becomes decision-ready signals for risk management, underwriting, and portfolio construction.

Expertise Fields

  • Financial Markets
    • Financial Crises
    • Information and Market Efficiency
    • Systemic Risk and Regulation
  • Portfolio Management and Asset Classes
    • Asset Pricing
    • Behavioral Finance and Neurofinance
    • Equities
    • Personal Finance and Household Choices
    • Portfolio Management
    • Real Estate
  • Financial Institutions
    • Banks
    • Independent Asset Managers
    • Institutional Investors and Funds
    • Pension Funds
    • Venture Capital and Private Equity
  • Corporate Finance and Governance
    • Financial Risk and Risk Management
    • Mergers and Acquisitions
  • Frontier Topics
    • Big Data and Fintech
    • Machine Learning and Applications of AI
    • Sustainable Finance

Current Publications:

N°25-73: Is AI Trained on Public Money? Evidence from US Data Centers

N°25-39: Cyberrisk and AI Firms

N°25-37: Is It AI or Data That Drives Firm Growth?

N°24-20: Consumer Belief Formation in Uncertain Times

N°23-86: Data Innovation Complementarity and Firm Growth

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