Research Associate (Finance)
Cambridge Centre for Finance (CCFin)/Cambridge Endowment for Research in Finance (CERF)
BA (Haverford College), MSc (Northwestern University), PhD (University of Edinburgh)
I study how climate risks, such as sea level rise and temperature variability, as well as biodiversity loss, are priced in equity and sovereign credit markets. I link valuations to information diffusion and behavioural responses among retail and institutional investors. Building measures of coastal flooding, temperature variability and toxic emissions, I test roles of exposure, expectations, regulation and attention. Using structural modelling and microdata, I identify causal effects and when environmental risks enter prices and affect firm performance.
Professional experience
Atreya worked as a researcher at Baillie Gifford Investment Managers, examining how climate risks and disasters influence institutional asset-owner decisions, particularly the allocation of mandates to ESG-focused investment managers.
Prior to his PhD, Atreya worked at Moody’s Analytics, where he developed stress testing models for large banks at the vintage, loan and pool levels to support compliance with the Federal Reserve’s CCAR and DFAST programs. He conducted similar work under IFRS 9 for institutions in the UK, Czech Republic and Kuwait, and he stress-tested performance across auto, mortgage, credit card and student loan portfolios.
Awards and honours
- Best PhD Paper Award, Global Research Alliance for Sustainable Finance and Investment, 2025
- Best PhD Paper Award, Principles of Responsible Investing Academic Conference, 2024