Recent Publications
Stefano Cassella, Benjamin Golez, Huseyin Gulen, and Peter Kelly (2022). Horizon Bias and the Term Structure of Equity Returns. Review of Financial Studies,
Faccio, M., & L. Zingales (2022). Political determinants of competition in the mobile telecommunication industry. Review of Financial Studies, vol. 35 (4), 1983-2018.
Atmaz, A. (2022). Stock Return Extrapolation, Option Prices, and Variance Risk Premium. Review of Financial Studies, vol. 35 (3), 1348-1393.
Atmaz, A. & Basak. S. (2022). Stock Market and No-Dividend Stocks. Journal of Finance, vol. 77 (1), 545-599.
Chernenko, S., Lerner, J., & Zeng, Y. (2021). Mutual Funds as Venture Capitalists? Evidence from Unicorns. Review of Financial Studies, vol. 34 (5), 2362–2410.
Faccio, M., R. Morck, & M. D. Yavuz (2021). Business groups and the incorporation of firm-specific shocks into stock prices. Journal of Financial Economics, vol. 139 (3), 852-871.
Q. Qi, J. McConnell (2021). Does CEO Succession Planning (Disclosure) Create Shareholder Value?. Journal of Financial and Quantitative Analysis,
Faccio, M., Morck, R. and Yavuz, M. D., (2021). Business Groups and the Incorporation of Firm-specific Shocks into Stock Prices.. Journal of Financial Economics, vol. 139 (3), 852-871.
A. Knill, B. Liu, J. McConnell (2020). Media Partisanship and Fundamental Corporate Decisions. Journal of Financial and Quantitative Analysis,
Recent Working Papers
Faccio, M., & J. J. McConnell (2023). Political connections cause resource misallocation: Evidence from the fall of fascism in Italy.
Faccio, M., & J. J. McConnell (2023). Impediments to the Schumpeterian process in the replacement of large firms.
Emery, L., & M. Faccio (2023). Exposing the revolving door in executive branch agencies.
Amit Goyal, Sunil Wahal, M. Deniz Yavuz (2022). Picking Partners: Manager Selection in Private Equity. Swiss Finance Institute Research Paper Series,
Shrijata Chattopadhyay, John J. McConnell, Timothy E. Trombley, M. Deniz Yavuz (2022). Transmission of Information from Private to Public Markets.
Adem Atmaz, Stefano Cassella, Huseyin Gulen, and Fangcheng Ruan (2022). Contrarians, Extrapolators, and Stock Market Momentum and Reversal.
Candace E. Jens, Huseyin Gulen, and Beau Page (2022). Balancing External vs. Internal Validity: An Application of Causal Forest in Finance.
Stefano Cassella, Zhaojing Chen, Huseyin Gulen, and Ralitsa Petkova (2022). Extrapolators at the Gate: Market-wide Misvaluation and the Value Premium.
Michael Cooper, Huseyin Gulen, and Mihai Ion (2022). The Use of Asset Growth in Empirical Asset Pricing Models.
Huseyin Gulen and Brett Myers (2022). The Selective Enforcement of Government Regulation: Battleground States, State Regulators, and the EPA.
Candace Jens, Huseyin Gulen, and Stefano Rossi. (2022). Credit Market Driven Acquisitions.
Stefano Cassella, Benjamin Golez, Huseyin Gulen, and Peter Kelly (2022). Motivated Beliefs in Macroeconomic Expectations.
Huseyin Gulen and Michael Woeppel (2022). Price-Path Convexity, Extrapolation, and Short-Horizon Return Predictability.
Huseyin Gulen, Dongmei Li, Ryan Peters, and Morad Zekhnini (2022). Intangible Capital in Factor Models.
Chernenko, S., and Doan, V. (2021). Forced Sales and Dealer Choice in OTC Markets.
Amit Goyal, Sunil Wahal, M. Deniz Yavuz (2021). Choosing Investment Managers.
Robert Marquez, Than Nguyen, M. Deniz Yavuz (2021). Financing Innovative Activity and the Endogeneity of Patenting.
Huseyin Gulen, Mihai Ion, and Stefano Rossi (2021). Credit Cycles, Expectations, and Corporate Investment.
Stefano Cassella, Huseyin Gulen, and Yan Liu (2021). Extracting Extrapolative Beliefs from Market Prices: An Augmented Present-Value Approach.
Chernenko, S., Erel, I., & Prilmeier, R. (2020). Why Do Firms Borrow Directly from Nonbanks?.
Chernenko, S. & Sunderam, A. (2020). Measuring the Perceived Liquidity of the Corporate Bond Market.
Logan Emery and Huseyin Gulen (2020). Expanding Horizons: The Effect of Information Access on Geographically Biased Investing.