I am currently an associate professor at University of Texas at Dallas. I received my PhD from the department of finance at Michigan State University. My current research areas include financial media and asset prices, aggregate earnings and predictability, and networks in financial markets.

 


RESEARCH

Refereed publications
[1] Butler, A., and U. G. Gurun, "Educational Networks, Mutual Fund Voting Patterns, and CEO Compensation", Review of Financial Studies, August 2012, 25 (8): 2533-2562. [Download]
  • Formerly titled "Connected Companies' Compensation"
[2] Gurun, U.G., and A. Butler, “Don’t Believe the Hype: Local Media Slant, Local Advertising, and Firm Value.” Journal of Finance, 2012 April. [Download]
  • Internet Appendix
  • An example of what we discuss in this paper is here.
  • Presented at 2010 American Finance Association meeting

[3] Cready, W. M., and U.G. Gurun “Aggregate Market Reaction to Earnings Announcements.” Journal of Accounting Research, 2010, 289-334. [Download]

[4] Booth, G.G. and U.G. Gurun, “Volatility clustering and the bid-ask spread: Exchange rate behavior in early Renaissance Florence”, Journal of Empirical Finance, 2008, 131-141 [Download]

[5] Ali, A. and U.G. Gurun. 2008. “Investor sentiment, accruals anomaly, and accruals management”, Journal of Accounting, Auditing and Finance, Summer 2009: 415 - 431. [Download]

[6] U.G. Gurun, A. Lerman, and J. Ronen, “Anticipatory and Implementation Effects of FIN 46 on the Behavior of Different Market Participants”, Asia Pasific Journal of Accounting and Economics, forthcoming. [Download]

[7] Do Hedge Funds Follow Post-Earnings Announcement Drift? Evidence from Quarterly Holdings (with A. Coskun), Journal of Derivatives and Hedge Funds, forthcoming. [Download]

[8] Financial Networks and Trading in Emerging Bond Markets (with H. Zhang and G. Booth),Journal of Financial Markets, forthcoming, [SSRN Link]

 

Working Papers
[9] Frog in the Pan: Continuous Information and Momentum (with Zhi Da and Mitch Warachka) [Download]
  • R&R at Review of Financial Studies
  • Presented at 2012 American Finance Association meeting
  • Presented at 2011 Review of Financial Studies Cavalcade
[10] Sell Side Debt Analysts and Market Efficiency (with Stan Markov and Rick Johnston) [Download]
  • R&R at Management Science
[11] Resident Networks and Firm Trade (with Lauren Cohen and Chris Malloy) [Download]
  • Presented at 2012 NBER- International Trade Conference
  • To be Presented at 2013 RFS Cavelcade
[12] Advertising Expensive Mortgages (with Gregor Matvos and Amit Seru) [Download]
  • To be Presented at 2013 NBER- Behavioral Finance
[13] Price of Publicity [Download]
  • Presented at 2013 American Finance Association meeting
  • Insitutional Investor magazine interview
  • Presented at University of Texas at Austin, March 2011
  • Presented at University of Texas at Dallas, January 2010
  • Presented at 2010 FMA meeting
[14] A Project-Level Analysis of Value Creation in Firms (with Jonathan Cohn and Rabih Moussawi) [SSRN Link]
  • Presented at 2013 American Finance Association meeting
  • Presented at University of Texas at Austin
[15] Substitution between Sources of Finance in Consumer Capital Markets, with Alex Butler (Rice University) and Jess Cornaggia (Indiana University) [SSRN Link]
  • Presented at 2012 American Law and Economics Association meeting
  • Presented at the 2011 NBER Summer Institute- Household Finance
  • Presented at the 2011 Western Finance Association meeting
  • Presented at University of Texas at Dallas, July 2009 *
  • Presented at Indiana University, March 2010 *
[16] The Impact of Restatements on Bank Loans: Evidence from the Supply Chain (with Rebecca Files) [SSRN Link]
  • Presented at the 2011 American Accounting Association meeting
  • Presented at University of Texas at Dallas
  • Presented at 2010 FARS Conference*
  • Presented at 2010 Lone Star conference*
[17] Market Return and Aggregate Earnings News (with William Cready) [SSRN Link]
  • Presented at University of Texas at Dallas*
[18] Short Horizon Predictive Content of Aggregate Earnings(with William Cready) [SSRN Link]
  • Presented at Washington University at Saint Louis *

(*) presented by coauthor

 


TEACHING

Courses taught at University of Texas at Dallas: Financial Statement Analysis (MBA Level); Financial Information Management (Undergraduate Level)

Courses taught at University of Texas at Austin: Investments (Undergraduate Level)

Courses taught at Michigan State University: Investments (Undergraduate Level), Corporate Finance (Undergraduate Level)



SERVICE

Service on dissertation committees
Co-Chair: Ali Coskun, University of Texas at Dallas, 2009. Initial placement at Bogazici University; Ting He (University of Wisconsin-Parkside)

Member: Ozer Asdemir (2006); Mine Ozer(2006); Him-Lai Lillian Chan (2007); Jiangxia Liu (2007); Xinmei Xie (2010); Musa Subasi (2012)

Service to the profession
Associate Editor for Journal of International Financial Markets Institutions & Money
Ad Hoc Referee for Journal of Finance; Journal of Accounting Research; Review of Financial Studies; Journal of Financial and Quantitative Analysis; Management Science; qJournal of Financial Econometrics; Review of Accounting Studies; Decision Sciences; International Journal of Forecasting, International Journal of Accounting; Journal of Futures Markets; Applied Financial Economics; Journal of International Financial Markets Institutions & Money; Journal of Empirical Finance; The Quarterly Review of Economics and Finance, Journal of Accounting, Auditing and Finance.


PERSONAL

Married and have two little daughters

Site Meter

Umit G. Gurun

Associate Professor

Phone: 972-8835917

 

Email: umit.gurun@utdallas.edu

 

Curriculum Vitae [PDF]

 

 

Research Expertise

Financial Networks

Media and Asset Prices

 

Teaching Expertise

Financial Statement Analysis

Investments

Corporate Finance

 

Links

My SSRN Author Site