Home Page of Umit G. Gurun

RESEARCH

Refereed publications
[1] Butler, A., and U. G. Gurun, "Educational Networks, Mutual Fund Voting Patterns, and CEO Compensation", Review of Financial Studies, forthcoming. [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]

Working Papers

[7] Frog in the Pan: Continuous Information and Momentum (with Z.Da and M.Warachka) [SSRN Link]

• Under revision for Review of Financial Studies
• Presented at 2012 American Finance Association meeting
• Presented at Review of Financial Studies 2011 Cavalcade
• Presented at Depaul University - People&Money Conference*
• Presented at INSEAD*

[8] Price of Publicity [SSRN Link]

• To be 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

[9] New Business Activities (with Jonathan Cohn) [SSRN Link]

• To be presented at 2013 American Finance Association meeting
• Presented at University of Texas at Austin

[10] Financial Networks and Trading in Emerging Bond Markets (with H. Zhang and G. Booth) [SSRN Link]

• Under invited third round review at Journal of Financial Markets
• Presented at University of Texas at Dallas
• Presented at 2007 European Financial Management Association Meeting
• Presented at Istanbul Stock Exchange, 2007 June
• Presented at 2008 China International Conference in Finance*

[11] Substitution between Sources of Finance in Consumer Capital Markets, with Alex Butler (Rice University) and Jess Cornaggia (Indiana University) [SSRN Link]

• To be 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 *

[12] The Impact of Restatements on Bank Loans: Evidence from the Supply Chain (with R. 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*

[13] Sell Side Debt Analysts and Market Efficiency (with S. Markov and R. Johnston) [SSRN Link]

• Presented at University of Texas at Dallas
• Presented at Ohio State*
• Presented at New York University*
• Presented at University of Colorado*
• Presented at Georgetown University*

[14] Market Return and Aggregate Earnings News (with W. Cready) [SSRN Link]

• Presented at University of Texas at Dallas*

[15] Short Horizon Predictive Content of Aggregate Earnings(with W. Cready) [SSRN Link]

• Presented at Washington University at Saint Louis *

[16] Do Hedge Funds Follow Post-Earnings Announcement Drift? Evidence from Quarterly Holdings (with A. Coskun) [SSRN Link]

• Presented at University of Texas at Dallas*
• Presented at 2010 European AAA meeting *

(*) presented by coauthor