Umit G. Gurun
Associate Professor of Accounting

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. I also serve as an associate editor at Management Science. My current research areas include financial media and asset prices, advertising financial products, immigration networks in financial markets, and patent litigation. 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

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

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

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

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

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

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

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

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

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

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.

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

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

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

Current Working Papers

Price of Publicity   DOWNLOAD PDF
        R&R at Accounting Review

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

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

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

Shielded Innovation   DOWNLOAD PDF
        with Lauren Cohen and Scott Kominers

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

Trust busting: The Effect of Fraud on Investor Behaviour   DOWNLOAD PDF (coming soon)
        with Noah Stoffman and Scott Yonker

Google Scholar Author Page
My Erdos number is 4


National Science Foundation - Innovation Policy (SciSIP) Grant: "Assessing the Impact of Non-Practicing Entities on U.S. Innovation"   LINK
        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 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 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