Gonul Colak, Ph.D

My Research Interests

Curriculum Vitae (CV)                                 My Research Interests




"Spin-offs, Divestitures, and Conglomerate Investment," with  Toni M. Whited, Review of Financial Studies 20 (2007): 557-595.

"Cycles in the IPO Market," with Chris Yung and Wei Wang, Journal of Financial Economics 89 (2008): 192-208.

"Diversification, Refocusing, and Firm Value," European Financial Management 16 (2010): 442-448. 

"Strategic Waiting in the IPO Markets," with Hikmet Gunay, Journal of Corporate Finance 17 (2011): 555-583. 

"Primary Market Characteristics and Secondary Market Frictions in Stocks," with Rodney Boehme, Journal of Financial Markets 15 (2012): 286-327.  

"IPO Characteristics of Index Firms," Managerial Finance 38 (2012): 1134-1159.
"Changes in Cash Holdings Around the S&P 500 Additions," with Eric Brisker and David PetersonJournal of Banking and Finance 37 (2013): 1787-1807.

  "Executive Compensation Structure and the Motivations for Seasoned Equity Offerings," with Eric Brisker, Don Autore, and David PetersonJournal of Banking and Finance 40 (2014): 330-345.
"Decoupling by Clienteles and by Time in the Financial Markets: The Case of Two-Stage Stock-Financed Mergers," with James Ang and Tai-Wei ZhangJournal of Corporate Finance 25 (2014): 360-375.
"Political Environment, Financial Intermediation Costs, and Financing Patterns," with Ali Gungoraydinoglu and Ozde Oztekin, Journal of Corporate Finance 25 (2017): 360-375. 
"Political Uncertainty and IPO Activity: Evidence from U.S. Gubernatorial Elections," with Art Durnev and Yiming Qian, Journal of Financial and Quantitative Analysis 52 (2017): 2523-2564. 
"Global Leverage Adjustments, Uncertainty, and Country Institutional Strength," with Ali Gungoraydinoglu and Ozde Oztekin, Journal of Financial Intermediation 35, Part A (2018): 41-56.

Working Papers


“Investor Relations and IPO Performance” with Salim Chahine, Iftekhar Hasan, and Mohamad Mazboudi, under second round revision for Review of Accounting Studies.


"Compensation Contagion: The Role of Peer Benchmarking" with Jun Yang and Pengfei Ye                    


"CEO Mobility and Corporate Policy Risk" with Timo Korkeamaki.                 

“Predicting IPO Underpricing using Machine Learning Technique” with Mengchuan Fu and Iftekhar Hasan


“Local Policy Risk and IPO Performance” with Dimitrios Gounopoulos, Panagiotis Loukopoulos, and Georgios Loukopoulos.                                              


“Easy Clean-ups or Forbearing Improvements: The Effect of CEO Tenure on Performance of Successor” with Iftekhar Hasan and Eva Liljeblom.


"Understanding the Common Dynamics of Corporate Waves," with Iftekhar Hasan, Necati Tekatli


  "International IPO Markets and a Foreign IPO Puzzle" with Candace Jens, April Knill, and Kelsey Syvrud.


 "The Preferred Habitat Patterns in the Holdings of Canadian and U.S. Sub-National Debt" with Bartley Hildreth.