Umit G. Gurun
Associate Professor of Accounting
NBER Research Economist

University of Texas at Dallas
800 W Campbell Rd. SM 41
Richardson, TX  75024
Phone: (972) 883-5917
Skype ID: umit.gurun
Email: umit.gurun [at]

Curriculum Vitae

SSRN Author Page

Brief Biography

I am an associate professor of accounting at University of Texas at Dallas and a research economist at the National Bureau of Economic Research. I also serve as an associate editor at Management Science. My current research areas include financial media and asset prices, advertising financial products, and immigration networks in financial markets. My research on patent litigation is funded by NSF. I received my Phd from Michigan State University. I was a visiting faculty at University of Texas at Austin (2010-2011) and Harvard University (2014).

Refereed Publications

[1] Lauren Cohen, Umit G. Gurun, and Chris Malloy, "Resident Networks and Firm Value"   
        Journal of Finance, forthcoming. DOWNLOAD PDF

[2] Umit G. Gurun, Gregor Matvos, and Amit Seru, "Advertising Expensive Mortgages"   
        Journal of Finance, forthcoming. DOWNLOAD PDF

[3] Umit G. Gurun, Rick Johnston, and Stan Markov, "Sell Side Debt Analysts and Market Efficiency"  
        Management Science, forthcoming. DOWNLOAD PDF

[4] Alex Butler, Jess Cornaggia, and Umit G. Gurun, "Substitution between Sources of Finance in Consumer Capital Markets"   
        Management Science, forthcoming. DOWNLOAD PDF

[5] Zhi Da, Umit G. Gurun, and Mitch Warachka, "Frog in the Pan: Continuous Information and Momentum"   
        Review of Financial Studies, 2014. DOWNLOAD PDF

[6] Geoffrey Booth and Umit G. Gurun, and Harold Zhang, "Financial Networks and Trading in Emerging Bond Markets"   
        Journal of Financial Markets, 2014. DOWNLOAD PDF

[7] Umit G. Gurun and Alex Butler, "Don’t Believe the Hype: Local Media Slant, Local Advertising, and Firm Value"  
        Journal of Finance, 2012. DOWNLOAD PDF   INTERNET APPENDIX

[8] Alex Butler and Umit G. Gurun, "Educational Networks, Mutual Fund Voting Patterns, and CEO Compensation"   
        Review of Financial Studies, 2012. DOWNLOAD PDF

[9] Umit G. Gurun, Alina Lerman, and Joshua Ronen, "Anticipatory and Implementation Effects of FIN 46"   
        Asia Pacific Journal of Accounting and Economics, 2012. DOWNLOAD PDF

[10] Ali Coskun and Umit G. Gurun, "Do Hedge Funds Follow Post-Earnings Announcement Drift? Evidence from Quarterly Holdings"    DOWNLOAD PDF
        Journal of Derivatives and Hedge Funds, 2012.

[11] Willam M. Cready, and Umit G. Gurun, "Aggregate Market Reaction to Earnings Announcements"   
        Journal of Accounting Research, 2010. DOWNLOAD PDF

[12] Ashiq Ali and Umit G. Gurun. "Investor Sentiment, Accruals Anomaly, and Accruals Management"   
        Journal of Accounting, Auditing and Finance, 2009. DOWNLOAD PDF

[13] Geoffrey Booth and Umit G. Gurun, "Volatility Clustering and the Bid-ask Spread: Exchange Rate Behaviour in Early Renaissance Florence"   
       Journal of Empirical Finance, 2008. DOWNLOAD PDF

Current Working Papers

[1] Shielded Innovation   
        with Lauren Cohen and Scott Kominers. DOWNLOAD PDF
        R&R at Review of Financial Studies

[2] Lender Response to Peer and Customer Restatements   
        with Rebecca Files. DOWNLOAD PDF
        R&R at Contemporary Accounting Research

[3] Price of Publicity   
        R&R at Accounting Review

[4] Trust Busting: The Effect of Fraud on Investor Behavior   
        with Noah Stoffman and Scott Yonker. DOWNLOAD PDF
        To be presented at 2015 NBER Behavioral Finance workshop

[5] Patent Trolls: Evidence from Targeted Firms   
        with Lauren Cohen and Scott Kominers. DOWNLOAD PDF
        PROPOSAL SUBMITTED TO "USPTO's Request for Comments on Enhancing Patent Quality"

[6] Micro-Level Value Creation Under CEO Short-termism   
        with Jonathan Cohn and Rabih Moussawi. DOWNLOAD PDF

[7] Fire Sales: Good Deals or Price of Low Quality   
        with Irem Demirci and Erkan Yonder. DOWNLOAD PDF (under revision, coming soon)
        Awarded for 2015 Real Estate Research Institute Grant

My Erdos number is 4 (thanks to Scott Kominers)


National Science Foundation - Innovation Policy (SciSIP) Grant:   "Assessing the Impact of Non-Practicing Entities on U.S. Innovation"
        with Lauren Cohen and Scott Kominers (2015-2018).

Real Estate Research Institute Grant: "Fire Sales: Good Deals or Price of Low Quality"   
        with Irem Demirci and Erkan Yonder (2015-2017).

Book Chapters

Geoffrey Booth and Umit G. Gurun, 2010, Arbitrage Risk and High-Volume Return Premium
       Handbook of Trading: Strategies for Navigating and Profiting from Currency, Bond, and Stock Markets, Greg N. Gregoriou (eds.)

Service to Profession

Associate Editor
        Management Science
        Journal of International Financial Markets Institutions & Money

Ad Hoc Referee
        American Economic Review
        Journal of Finance
        Review of Financial Studies
        Journal of Accounting Research
        Accounting Review
        Journal of Financial and Quantitative Analysis
        Management Science
        Review of Finance
        Review of Accounting Studies, and others

        2015 AFA - Discussant
        2015 AEA - Discussant
        2015 FMA Napa Program Committee
        2014 FMA Annual Meeting Program Committee
        2013 FMA Annual Meeting Program Committee
        2013 RFS Cavalcade Program Committee
        2013 Midwest Finance Association meeting Program Committee

Research Presentations

Conference presentations (including presentations by co-authors)
        NBER: 2015 Behavioral Finance, 2015 Law and Economics,2014 Innovation, 2014 Real Estate.
        NBER: 2013 Behavioral Finance, 2012 International Trade, 2011 Consumer Finance.
        Western Finance Association 2011.
        American Finance Association 2010, 2012, 2013, 2014, 2015.
        Texas Finance Festival 2009.
        Journal of Accounting Research Conference 2009.
        American Accounting Association Meeting 2005, 2010, 2011.
        Financial Management Association 2005, 2009, 2010.

Talks given at other universities (own presentations only)
        2015: DePaul, Mannheim University, University of Zurich*
        2014: Harvard Business School, HKUST, Singapore Management University
        2013: University of South Florida
        2012: Australia National University, University of Melbourne, Michigan State University
        2010: University of Texas at Austin
        2009: Georgia State University, University of Alabama
        2008: Michigan State University
        2004: University of Texas at Dallas