Journal Articles

• Faccio, M., Morck, R. and Yavuz, M. D., (2021). Business Groups and the Incorporation of Firm-specific Shocks into Stock Prices.. Journal of Financial Economics, vol. 139 (3), 852-871.
• Ozmel, U., Yavuz, M.D., Gulati, R. and Trombley, T. (2020). The Effect of Inter-firm Ties on Performance in Financial Markets. Organization Science, vol. 31 (3), 698-719. | Related Website |
• Basak, S., Chabakauri, G., and Yavuz, M.D. (2019). Investor Protection and Asset Prices. Review of Financial Studies, vol. 32 (12), 4905–4946. | Related Website |
• Morck, R., Yavuz, M.D., and Yeung, B. (2019). State-run Banks, Money Growth, and the Real Economy.. Management Science, vol. 65 (12), 3914-5932. | Download Download |
• Ozmel, U., Trombley, T., and Yavuz, M.D. (2019). Outside Insiders: Does Access to Information Prior to an IPO Generate a Trading Advantage After the IPO?. Journal of Financial and Quantitative Analysis, | Download |
• Ozmel, U., Yavuz, D., Reuer, J.J. and Zenger, T. (2017). Network prominence, bargaining power, and the allocation of value capturing rights in high-tech alliance contracts.. Organization Science,, vol. 28(5) 947-964.. | Download |
• Conrad J., and Yavuz, M.D., 2017. (2017). Momentum and Reversals: Does What Goes up Always Comes Down?. Review of Finance, (21 (2)), 555-581. | Download |
• R. Marquez, V. Nanda and M.D. Yavuz (2015). Private Equity Fund Returns and Performance Persistence. Review of Finance, vol. 19 (5) 1783-1823.. | Download |
• Ozsoylev H., Walden, J., Yavuz, M.D, Bildik R. (2014). Investor Networks in the Stock Market. Review of Financial Studies, vol. 27(5) 1323-1366. | Download |
• Wahal, Sunil and Yavuz, M Deniz (2013). Style Investing, Comovement and Return Predictability. Journal of Financial Economics 107 (1), pg. 136-154., | Download |
• Marquez, Robert and Yavuz, M. Deniz (2013). Specialization, Productivity and Financing Constraints. Review of Financial Studies, vol. 26 (11) 2961-2984. | Download |
• Randall Morck, M. Deniz Yavuz, Bernard Yeung (2011). Bank Control, Capital Allocation, and Economic Performance. Journal of Financial Economics, vol. 100 (2), 264-283. | Download |

• Small Innovators

  Deniz Yavuz discusses resent research on Small Innovators

• 

  Outside Insiders

  Does access to information prior to an initial public offering (IPO) generate a trading advantage after the IPO? That's the question posed by researchers from Purdue University’s Krannert School of Management, who find that the information obtained by non-insider institutions through their connections prior to the IPO may remain valuable after the IPO.

  Full story: Outside Insiders

• 

  There's an Ugly Side to Investment Beauty Contests

  A new paper from the Swiss Finance Institute by Amit Goyal of the University of Lausanne, Sunil Wahal of Arizona State University and M. Deniz Yavuz of Purdue University, called Choosing Investment Managers, looks at how the outcome of these beauty contests is affected by prior personal connections.

  Full story: There's an Ugly Side to Investment Beauty Contests

• 
  Opinion: Pension fund parasites exposed
  Investment managers hired by pension funds, endowments, foundations, and sovereign-wealth funds are actually likely to perform worse than their competitors by nearly a full percentage point a year over the next three years, according to a new study conducted by Amit Goyal of the University of Lausanne, Sunil Wahal of Arizona State University and M. Deniz Yavuz of Purdue University.