Gonul Colak

Hanken School of Economics

Professor

P.O. Box 479

FI-00101 Helsinki, 00101

Finland

SCHOLARLY PAPERS

25

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7,881

SSRN CITATIONS
Rank 14,066

SSRN RANKINGS

Top 14,066

in Total Papers Citations

59

CROSSREF CITATIONS

25

Scholarly Papers (25)

1.

Spin-Offs, Divestitures, and Conglomerate Investment

Number of pages: 57 Posted: 04 Mar 2005 Last Revised: 23 Nov 2009
Gonul Colak and Toni M. Whited
Hanken School of Economics and University of Michigan, Stephen M. Ross School of Business
Downloads 1,039 (27,314)
Citation 9

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Conglomerate discount, refocussing, investment, endogeneity, measurement error

2.

Political Uncertainty and IPO Activity: Evidence from U.S. Gubernatorial Elections

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 76 Posted: 20 Jun 2013 Last Revised: 13 Aug 2016
Gonul Colak, Art Durnev and Yiming Qian
Hanken School of Economics, University of Iowa - Henry B. Tippie College of Business and University of Connecticut
Downloads 932 (31,921)
Citation 31

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political uncertainty, initial public offerings, gubernatorial elections, IPO pricing

3.
Downloads 802 ( 39,278)
Citation 9

Cycles in the IPO Market

Number of pages: 58 Posted: 22 Mar 2007 Last Revised: 29 Dec 2009
Chris Yung, Gonul Colak and Wei Wang
University of Virginia - McIntire School of Commerce, Hanken School of Economics and Cleveland State University
Downloads 802 (38,735)
Citation 9

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Initial public offerings, adverse selection, underpricing, delisting rates, nonparametric, heat measures, cross-sectional return variance

Cycles in the IPO Market

Journal of Financial Economics (JFE), Vol. 89, pp. 192-208, 2008
Posted: 29 Dec 2009
Chris Yung, Gonul Colak and Wei Wang
University of Virginia - McIntire School of Commerce, Hanken School of Economics and Cleveland State University

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Initial public offerings, adverse selection, underpricing, delisting rates, nonparametric, heat measures, cross-sectional return variance

4.

Primary Market Characteristics and Secondary Market Frictions of Stocks

Journal of Financial Markets, Vol. 15, Issue 2, p. 286-327, May 2012
Number of pages: 55 Posted: 05 Dec 2008 Last Revised: 31 Jan 2012
Rodney D Boehme and Gonul Colak
Wichita State University - Department of Finance, Real Estate & Decision Sciences (FREDS) and Hanken School of Economics
Downloads 707 (46,573)
Citation 1

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idiosyncratic risk, incomplete information, initial public offerings, liquidity, market frictions, short-sale constraints

5.

Diversification, Refocusing, and Firm Value

Europen Financial Management Journal, Vol. 16, pp. 422-448, 2010
Number of pages: 27 Posted: 04 Nov 2007 Last Revised: 03 Aug 2010
Gonul Colak
Hanken School of Economics
Downloads 589 (59,050)

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Diversification Discount, Refocusing, Excess Value, Simultaneity Bias

6.

Strategic Waiting in the IPO Markets

Journal of Corporate Finance, Vol. 17, pp. 555-583, 2011
Number of pages: 29 Posted: 12 Mar 2009 Last Revised: 25 Sep 2011
Gonul Colak and Hikmet Gunay
Hanken School of Economics and University of Manitoba
Downloads 535 (66,580)
Citation 1

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IPO Clustering, IPO Cycles, Social Learning, Strategic Waiting, Survival Analysis

7.

The Impact of COVID-19 Pandemic on Bank Lending Around the World

Journal of Banking and Finance, Forthcoming
Number of pages: 53 Posted: 18 Oct 2020 Last Revised: 05 Jun 2021
Gonul Colak and Özde Öztekin
Hanken School of Economics and Florida International University (FIU)
Downloads 416 (90,139)
Citation 1

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Bank loans; credit supply; COVID-19; difference-in-difference; entropy balancing

8.
Downloads 404 ( 93,306)
Citation 1

Comovements in Corporate Waves

Number of pages: 48 Posted: 17 Mar 2010
Gonul Colak and Necati Tekatli
Hanken School of Economics and affiliation not provided to SSRN
Downloads 209 (185,392)
Citation 1

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Bayesian, Corporate Events, Factor Analysis, Time Series Analysis, Waves

Comovements in Corporate Waves

Number of pages: 45 Posted: 21 Mar 2009
Gonul Colak and Necati Tekatli
Hanken School of Economics and affiliation not provided to SSRN
Downloads 195 (197,645)

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Bayesian, Corporate Events, Factor Analysis, Time Series Analysis, Waves

9.

Changes in Cash Holdings Around the S&P 500 Additions

Journal of Banking and Finance, Vol. 37, No. 5, 2013
Number of pages: 21 Posted: 24 Sep 2011 Last Revised: 26 Mar 2013
The University of Akron, Hanken School of Economics and Florida State University - Department of Finance
Downloads 337 (114,553)
Citation 3

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cash holdings, corporate governance, liquidity policy, S&P 500 Index

10.

ESG and CEO Turnover

Proceedings of Paris December 2020 Finance Meeting EUROFIDAI - ESSEC
Number of pages: 63 Posted: 14 Oct 2020
Hanken School of Economics, Aalto University - Aalto University School of Business, Department of Finance, Students and Hanken School of Economics
Downloads 295 (132,154)
Citation 1

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11.

IPO Characteristics of Index Firms

Number of pages: 26 Posted: 21 Nov 2009 Last Revised: 15 Oct 2013
Gonul Colak
Hanken School of Economics
Downloads 271 (144,324)

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Initial Public Offerings, S&P 400, S&P 500, S&P 600

12.

International IPO Markets and a Foreign IPO Puzzle

Number of pages: 45 Posted: 04 Jun 2014 Last Revised: 01 Jul 2014
Hanken School of Economics, Tulane University - A.B. Freeman School of Business, Florida State University College of Business and Florida State University
Downloads 263 (148,692)
Citation 1

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initial public offerings, international, legal bonding, underpricing

13.

Global Leverage Adjustments, Uncertainty, and Country Institutional Strength

Journal of Financial Intermediation, Forthcoming
Number of pages: 40 Posted: 20 Mar 2017 Last Revised: 25 May 2018
Hanken School of Economics, Florida International University (FIU) and Florida International University (FIU)
Downloads 225 (173,212)
Citation 3

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14.

Tournament Incentives and IPO Failure Risk

Journal of Banking and Finance, Forthcoming
Number of pages: 51 Posted: 11 Feb 2019 Last Revised: 28 May 2021
Hanken School of Economics, University of Bath, The Open University and University of Strathclyde
Downloads 199 (194,201)

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CEO Pay Gap, Tournament Incentives, Initial Public Offerings, IPO Survival

15.

Compensation Contagion: The Role of Peer Benchmarking

Kelley School of Business Research Paper No. 17-67
Number of pages: 60 Posted: 05 Sep 2017
Gonul Colak, Jun Yang and Pengfei Ye
Hanken School of Economics, Indiana University - Kelley School of Business - Department of Finance and Virginia Tech
Downloads 186 (206,322)
Citation 1

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CEO Compensation, Pay Contagion, Compensation Peers, S&P 500 Recomposition

16.

Political Power Local Policy Uncertainty and IPO Pricing

Journal of Corporate Finance, Forthcoming
Number of pages: 61 Posted: 25 Nov 2018 Last Revised: 10 Feb 2021
Hanken School of Economics, University of Bath, University of Strathclyde and The Open University
Downloads 161 (233,472)
Citation 1

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Initial Public Offering, Underpricing, Political Uncertainty, Political Proximity, Policy Risk

17.

Decoupling by Clienteles and by Time in the Financial Markets: The Case of Two-Stage Stock-Financed Mergers

Journal of Corporate Finance, Vol. 25, 2014
Number of pages: 16 Posted: 11 Apr 2012 Last Revised: 25 Feb 2014
James S. Ang, Gonul Colak and Tai-Wei Zhang
Florida State University, Hanken School of Economics and Ming Chuan University
Downloads 153 (243,530)

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decoupling hypothesis; market segmentation; mergers and acquisitions; method of payment; SEO/IPO; use of proceeds

18.

Executive Compensation Structure and the Motivations for Seasoned Equity Offerings

Journal of Banking and Finance 40, 330-345.
Number of pages: 45 Posted: 09 Jan 2014 Last Revised: 05 Feb 2014
The University of Akron, Florida State University - College of Business, Hanken School of Economics and Florida State University - Department of Finance
Downloads 102 (328,959)

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Seasoned equity offerings; Executive compensation; Equity-based compensation

19.

The Timing of Voluntary Delisting

Number of pages: 68 Posted: 13 Jan 2020 Last Revised: 22 Apr 2021
Aston Business School, Hanken School of Economics, Cardiff Business School and University of Sussex
Downloads 73 (403,004)

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Voluntary Delisting; Delist Timing; Political Uncertainty, Real Options; Survival Analysis.

20.

Political Environment, Financial Intermediation Costs, and Financing Patterns

Journal of Corporate Finance, Forthcoming
Number of pages: 58 Posted: 20 Mar 2017 Last Revised: 25 May 2018
Florida International University (FIU), Hanken School of Economics and Florida International University (FIU)
Downloads 61 (442,580)
Citation 6

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Elections; External Financing; Information Risk; Institutions; International; Leverage; Policy Uncertainty; Financial Intermediation; Issuance Costs

21.

Investor Relations and IPO Performance

Forthcoming in the Review of Accounting Studies
Number of pages: 61 Posted: 19 Jul 2019 Last Revised: 22 Jul 2019
American University of Beirut - Olayan School of Business, Hanken School of Economics, Fordham University and American University of Beirut
Downloads 52 (476,533)
Citation 5

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Initial public offering; Investor relations; Media; Agency problems; Underwriters; Venture capitalists; Analyst forecasts

22.

Economic Uncertainty and Corruption: Evidence From Public and Private Firms

Journal of Financial Stability, Forthcoming
Number of pages: 60 Posted: 02 Aug 2021 Last Revised: 15 Sep 2021
Mansoor Afzali, Gonul Colak and Mengchuan Fu
Hanken School of Economics, Hanken School of Economics and Fordham University - Gabelli School of Business
Downloads 28 (594,691)

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economic policy uncertainty, private firms, corruption, bribery, cheating on taxes, trust, religiosity

23.

CEO Mobility and Corporate Policy Risk

Journal of Corporate Finance, Forthcoming
Number of pages: 91 Posted: 02 Aug 2021
Gonul Colak and Timo Korkeamaki
Hanken School of Economics and Aalto University - Aalto University School of Business, Department of Finance, Students
Downloads 22 (634,806)

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CEO mobility, corporate policy risk, shareholder value, severance packages

24.

Why Are Some Chinese Firms Failing in the US Capital Markets? A Machine Learning Approach

Pacific-Basin Finance Journal, Forthcoming
Number of pages: 53 Posted: 02 Aug 2021
Gonul Colak, Mengchuan Fu and Iftekhar Hasan
Hanken School of Economics, Fordham University - Gabelli School of Business and Fordham University
Downloads 16 (677,904)

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initial public offerings, machine learning, China, underpricing, delistings, long-run returns, cross-listings, prediction

25.

Comovements in Corporate Waves and the Monetary Policy

Number of pages: 61 Posted: 02 Mar 2021
Gonul Colak, Iftekhar Hasan and Necati Tekatli
Hanken School of Economics, Fordham University and Kutztown University College of Business
Downloads 13 (700,909)

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Corporate Event Waves, Monetary Policy, Uncertainty, Factor Analysis, Bayesian Estimation