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, 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