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Merlin Bartel

Dr. rer. oec. Merlin Bartel

Employee

Postdoc

Finance

University Liechtenstein Fürst-Franz-Josef-Strasse 9490 Vaduz Liechtenstein

T. +423 265 11 51

merlin.bartel@uni.li

Postdoc Finance

Momentum Horizons

FFF-Funding Project

November 2025 until August 2026

Momentum is one of the most pervasive anomalies in financial markets, yet its underlying mechanisms remain debated. Building on recent advances in the literature, this project seeks to disentangle ... More

Banking Crisis Prediction using Objective Crisis Measures and AI Methods

FFF-Funding Project

November 2023 until December 2024 (finished)

In the past decades, a number of financial crises originated in the banking sector. Examples include the Savings and Loan Crisis in the U.S. in the 1980s/90s, the Financial Crisis of 2007/08, or the ... More

Uncovering Local Effects in the Cross-Section of Stock returns via Unsupervised Machine Learning

FFF-Funding Project

August 2023 until June 2024 (finished)

Characteristic-based factor models have emerged as a workhorse tool in empirical finance. These factor models map expected stock returns via loadings/exposures to common risk factors. Risk factors ... More

Uncovering Local Effects in the Cross-Section of Stock returns via Unsu-pervised Machine Learning

FFF-Funding Project

July 2023 until May 2024

Characteristic-based factor models have emerged as a workhorse tool in empirical finance. These factor models map expected stock returns via loadings/exposures to common risk factors. Risk factors ... More

Deep and (Un-) Constrained Portfolio Optimization

FFF-Funding Project

January 2022 until December 2022 (finished)

Since its birth in the 1950ies, portfolio optimization has suffered from errors regarding the esti-mation of the input parameters (Michaud, 1989). To overcome the resulting underperformance, recent ... More

Machine Learning in Financial Economics: An Investment Perspective

September 2020 until May 2025 (finished)

With increasing computing power, advanced algorithms and growing data resources, machine learning methods are increasingly applied in various scientific domains. Deviating from other research fields, ... More

Mueller, L., Bartel, M., & Schiereck, D. (2023). Europe's gone “right” – A comparative study of stock market reactions to populist success in Sweden and Italy. Finance Research Letters, 55.
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Bartel, M., Stöckl, S., & Traut, J. (2025). Are there fences in the global factor zoo?. Presented at the 29th International Conference on Macroeconomic Analysis and International Finance, Crete, Greece.
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Barroso, P., Bartel, M., & Stöckl, S. (2025). Factor Chasing. Presented at the 29th International Conference on Macroeconomic Analysis and International Finance, Crete, Greece.
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Bartel, M., Hanke, M., & Petric, S. (2025). FX Factor Momentum Pre- and Post-GFC. Presented at the Quantitative Methods in Finance Conference, Sydney, Australia.
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Bartel, M., & Stöckl, S. (2024). How Global is Factor Predictability? Evidence from Nested Factor Momentum. Presented at the Financial Management Association's Annual Meeting.
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Bartel, M., & Stöckl, S. (2024). How Global is Factor Predictability? Evidence from Nested Factor Momentum. Presented at the Austrian Working Group on Banking and Finance.
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Bartel, M., Hanke, M., & Petric, S. (2024). Identifikation und Prognose von Bankenkrisen mit KI-Methoden. Presented at the Finance Forum Zurich, Switzerland.
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Hanke, M., Bartel, M., & Petric, S. (2024). Crisis Identification and Prediction using Machine Learning: The Case of U.S. Regional Banks. Presented at the Australasian Finance and Banking Conference, Sydney, Australia.
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Bartel, M., & Stöckl, S. (2023). Factor Chasing and the Cross-Country Factor Momentum Anomaly. Presented at the FMA European Conference, Aalborg, Denmark.
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Bartel, M., & Stöckl, S. (2023). Factor Chasing and the Cross-Country Factor Momentum Anomaly. Presented at the Southern Finance Association Annual Meeting, Fajardo, Puerto Rico.
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Bartel, M., & Stöckl, S. (2023). Factor Chasing and the Cross-Country Factor Momentum Anomaly. Presented at the Financial Management Association Annual Meeting, Chicago, United States of America.
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Bartel, M., & Stöckl, S. (2023). Factor Chasing and the Cross-Country Factor Momentum Anomaly. Presented at the Australasian Finance & Banking Conference, Sydney, Australia.
More
Bartel, M., & Stöckl, S. (2023). Factor Chasing and the Cross-Country Factor Momentum Anomaly. Presented at the 13th Financial Markets and Corporate Governance Conference, Virtual.
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Bartel, M., & Stöckl, S. (2022). Diversifying Estimation Errors with Unsupervised Machine Learning. Presented at the European Conference on Stochastic Optimization & Computational Management Science, Venice, Italy.
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Bartel, M., & Stöckl, S. (2022). Factor Chasing and the Cross-Country Factor Momentum Anomaly. Presented at the Frontiers of Factor Investing, Lancaster, UK.
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Bartel, M., & Stöckl, S. (2022). Factor Chasing and the Cross-Country Factor Momentum Anomaly. Presented at the 3rd Financial Economics Meeting, Paris, France.
More
Bartel, M., & Stöckl, S. (2022). Diversifying Estimation Errors with Unsupervised Machine Learning. Presented at the World Finance Conference, Turin, Italy.
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Bartel, M., & Stöckl, S. (2022). Diversifying Estimation Errors with Unsupervised Machine Learning. Presented at the International Conference on Operations Research - OR 2022, Karlsruhe, Germany.
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Bartel, M., & Stöckl, S. (2022). Diversifying Estimation Errors with Unsupervised Machine Learning. Presented at the Finance Forum 2022 - Annual Meeting of the Spanish Finance Association, Santiago de Compostela, Spain.
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Bartel, M., & Stöckl, S. (2021). Diversifying Estimation Errors with Unsupervised Machine Learning. Presented at the The 2nd Shanghai Lixin Virtual Conference on New Frontiers in the Interdisciplinary Research of Finance with Global Finance Journal, Virtual Conference.
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Bartel, M., & Stöckl, S. (2021). Diversifying Estimation Errors with Unsupervised Machine Learning. Presented at the World Finance Conference, Virtual Conference.
More
Bartel, M., & Stöckl, S. (2021). International Factor Momentum and Reversals. Presented at the 36th Workshop of the Austrian Working Group on Banking and Finance, Virtual Conference.
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Bartel, M., & Stöckl, S. (2020). A trip into the Clusterverse: Comparing Covariance Matrix Clustering in Portfolio Optimization. Presented at the 35th Workshop of the Austrian Woring Group on Banking and Finance, Virtual Conference.
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Bartel, M., & Stöckl, S. (2022). Factor Chasing and the Cross-Country Factor Momentum Anomaly. University of Liechtenstein.
More
Bartel, M., & Stöckl, S. (2022). Diversifying Estimation Errors with Unsupervised Machine Learning. University of Liechtenstein.
More

Barroso, P., Bartel, M., & Stöckl, S. (2024, Oct. 8). Factor Chasing: How fast is International Capital?. Vienna Graduate School of Finance (VGSF) Brownbag Presentation.
More
Bartel, M. (2024, Nov). Crisis Identification and Prediction using Machine Learning. WU Wien, Austria.
More
Bartel, M., & Petric, S. (2024, May). Crisis Identification and Prediction using Machine Learning. Bank of England.
More

University Liechtenstein
Fürst-Franz-Josef-Strasse
9490 Vaduz
Liechtenstein
T +423 265 11 11
info@uni.li

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