Fahiz Baba-Yara

Fahiz Baba-Yara

Assistant Professor of Finance

Kelley School of Business at Indiana University

About Me

I am an Assistant Professor of Finance at the Kelley School of Business at Indiana University. My research interest lies at the intersection of Return Predictability, Machine Learning, Factor Portfolios, and Financial Econometrics. I am particularly interested in leveraging machine learning tools to improve our understanding of why securities with certain characteristics earn the return they earn.

I was born and raised in Kumasi, Ghana. I received my Bachelor in Business Administration from the University of Ghana Business School, Accra, Ghana, and a Masters in Business Administration and Economics from the Norwegian School of Economics, Bergen, Norway.


  • Empirical Asset Pricing
  • Applied Machine Learning
  • Financial Econometrics


  • PhD in Finance, 2021

    NOVA School of Business and Economics

  • MSc in Economics and Business Administration, 2015

    Norwegian School of Economics

  • BSc in Accounting, 2010

    University of Ghana Business School

Working Papers




Unifying Risk and Return: A Bayesian approach



Teaching Assistant

NOVA School of Business and Economics

Sep 2016 – Present Carcavelos, Portugal
  • Courses
  • Corporate Finance
  • Investments
  • Asset Management


University of Ghana

Oct 2010 – Jul 2013 Accra, Ghana