Ugur Lel

University of Georgia - Department of Banking and Finance

Nalley Distinguished Chair In Finance, Associate Professor

Terry College of Business

Athens, GA 30602-6253

United States

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

SCHOLARLY PAPERS

21

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Top 2,703

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24,632

TOTAL CITATIONS
Rank 2,850

SSRN RANKINGS

Top 2,850

in Total Papers Citations

341

Scholarly Papers (21)

The Rising Tide Lifts Some Interest Rates: Climate Change, Natural Disasters and Loan Pricing

European Corporate Governance Institute – Finance Working Paper No. 889/2023
Number of pages: 74 Posted: 15 Oct 2020 Last Revised: 21 Jul 2023
Board of Governors of the Federal Reserve System, University of South Carolina - Darla Moore School of Business, University of Virginia, Darden School and University of Georgia - Department of Banking and Finance
Downloads 2,233 (13,507)

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Banks, climate change, loan pricing, natural disasters

The Rising Tide Lifts Some Interest Rates: Climate Change, Natural Disasters, and Loan Pricing

International Finance Discussion Paper No. 1345
Number of pages: 56 Posted: 13 Jul 2022
Board of Governors of the Federal Reserve System, University of South Carolina - Darla Moore School of Business, University of Virginia, Darden School and University of Georgia - Department of Banking and Finance
Downloads 511 (110,053)
Citation 14

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Banks, Climate change, Loan pricing, Natural disasters

Say on Pay Laws, Executive Compensation, Pay Slice, and Firm Valuation around the World

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 57 Posted: 28 Apr 2014 Last Revised: 17 Aug 2016
Ricardo Correa and Ugur Lel
Board of Governors of the Federal Reserve System and University of Georgia - Department of Banking and Finance
Downloads 1,615 (22,488)
Citation 13

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Executive compensation, say on pay laws, regulations, CEO pay slice, corporate governance, firm valuation, international.

Say on Pay Laws, Executive Compensation, Pay Slice, and Firm Value around the World

FRB International Finance Discussion Paper No. 1084
Number of pages: 58 Posted: 21 Sep 2013 Last Revised: 02 Apr 2014
Ricardo Correa and Ugur Lel
Board of Governors of the Federal Reserve System and University of Georgia - Department of Banking and Finance
Downloads 468 (121,716)
Citation 49

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Executive compensation, say on pay laws, regulations, pay structure, CEO pay slice, firm valuation, corporate governance

Say on Pay Laws, Executive Compensation, CEO Pay Slice, and Firm Value Around the World

FRB International Finance Discussion Paper No. 1084
Number of pages: 55 Posted: 30 May 2017
Ricardo Correa and Ugur Lel
Board of Governors of the Federal Reserve System and University of Georgia - Department of Banking and Finance
Downloads 185 (322,529)
Citation 2

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3.

Friends or Foes? Target Selection Decisions of Sovereign Wealth Funds and Their Consequences

Journal of Financial Economics
Number of pages: 71 Posted: 30 Aug 2008 Last Revised: 30 Jul 2021
Jason D. Kotter and Ugur Lel
Brigham Young University - Department of Finance and University of Georgia - Department of Banking and Finance
Downloads 2,157 (14,538)
Citation 23

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International finance, sovereign wealth fund, cross-border investment, market efficiency, transparency

4.

Currency Hedging and Corporate Governance: A Cross-Country Analysis

FEDS Discussion Paper No. 858, Indiana University Working Paper
Number of pages: 47 Posted: 28 May 2003 Last Revised: 25 Aug 2015
Ugur Lel
University of Georgia - Department of Banking and Finance
Downloads 2,115 (15,013)
Citation 25

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Risk management, hedging, corporate governance, derivatives, international

5.

The Use of Foreign Currency Derivatives, Corporate Governance, and Firm Value Around the World

Darden Business School Working Paper No. 03-10
Number of pages: 40 Posted: 17 Mar 2008 Last Revised: 25 Jul 2018
University of Virginia - Darden School of Business, University of Georgia - Department of Banking and Finance and Southern Methodist University (SMU) - Finance Department
Downloads 2,088 (15,317)
Citation 27

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Risk Management, Hedging, Corporate Governance, Firm Value

6.

Risk Management Research Report - Spring 2010

Risk Management Research Report, Spring 2010
Number of pages: 16 Posted: 23 Apr 2010
HEC Paris - Finance Department, affiliation not provided to SSRN, University of Massachusetts Amherst - Department of Finance, Brooklyn College - CUNY, Drexel University, Loyola Marymount University - Department of Finance, University of Rochester - Simon Business School, Temple University - Department of Finance, Southern Illinois University - Department of Economics & Finance, University of California, Santa Barbara (UCSB) - Department of Economics, University of California, San Diego (UCSD) - Rady School of Management, University of Utah - David Eccles School of Business, Mitchell E. Daniels, Jr School of Business, Purdue University, HEC Paris - Finance Department, Harvard Law School, Columbia University - Columbia Business School, Finance, New York University (NYU) - Department of Finance, Texas A&M University - Department of Economics, Texas A&M University - Department of Economics, International Food Policy Research Institute (IFPRI)International Food Policy Research Institute (IFPRI), University of Navarra, IESE Business School, University of Georgia - Department of Banking and Finance, Southern Methodist University (SMU) - Finance Department, Pennsylvania State University, Smeal College of Business, University of California at Los Angeles - Anderson School of Management, INSEAD, University of South Florida - College of Business Administration, Fordham University, New York University (NYU) - Leonard N. Stern School of Business, Fordham University - Gabelli School of Business and Loyola University of Chicago - Department of Finance
Downloads 1,447 (27,001)

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Risk, Risk Management, Derivatives, Corporate Governance, Financial Derivatives, Value-At-Risk, VaR, Ethics, Volatility, Variance, Standard Deviation, Systemic, Systematic

7.

Distracted Directors: Does Board Busyness Hurt Shareholder Value?

Number of pages: 51 Posted: 31 May 2013 Last Revised: 12 Dec 2013
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and University of Georgia - Department of Banking and Finance
Downloads 1,344 (30,172)
Citation 96

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Busy directors, multiple directorship, firm valuation, independent directors, director and CEO death

8.

Does Takeover Activity Cause Managerial Discipline? Evidence from International M&A Laws

Review of Financial Studies, Forthcoming
Number of pages: 79 Posted: 24 Dec 2010 Last Revised: 30 Jul 2021
Ugur Lel and Darius P. Miller
University of Georgia - Department of Banking and Finance and Southern Methodist University (SMU) - Finance Department
Downloads 1,185 (36,130)
Citation 16

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threat of takeover, managerial discipline, mergers and acquisitions laws, corporate control

9.

The Role of Foreign Institutional Investors in Restraining Earnings Management Activities across Countries

Number of pages: 49 Posted: 24 Feb 2013 Last Revised: 12 Dec 2018
Ugur Lel
University of Georgia - Department of Banking and Finance
Downloads 1,019 (44,961)
Citation 26

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corporate governance, earnings management, foreign and domestic institutional investors, investor protection, management incentives, monitoring

International Cross-Listing, Firm Performance and Top Management Turnover: A Test of the Bonding Hypothesis

FRB International Finance Discussion Paper No. 877
Number of pages: 59 Posted: 28 Aug 2006
Darius P. Miller and Ugur Lel
Southern Methodist University (SMU) - Finance Department and University of Georgia - Department of Banking and Finance
Downloads 612 (87,278)
Citation 1

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Bonding hypothesis, CEO turnover, International cross listing, Corporate governance, Functional convergence

International Cross-Listing, Firm Performance and Top Management Turnover: A Test of the Bonding Hypothesis

Journal of Finance, Forthcoming
Number of pages: 59 Posted: 28 Apr 2007
Darius P. Miller and Ugur Lel
Southern Methodist University (SMU) - Finance Department and University of Georgia - Department of Banking and Finance
Downloads 337 (177,289)
Citation 11

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CEO turnover, cross-listing, bonding

11.

The Labor Market for Directors and Externalities in Corporate Governance: Evidence from the International Labor Market

Number of pages: 69 Posted: 01 Jan 2015 Last Revised: 18 Jul 2018
Ugur Lel and Darius P. Miller
University of Georgia - Department of Banking and Finance and Southern Methodist University (SMU) - Finance Department
Downloads 876 (55,407)
Citation 12

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Labor market for directors, investor protection, global reputation, ex-post settling hypothesis, director reputation

12.

Delegated Monitoring, Institutional Ownership, and Corporate Misconduct Spillovers

Number of pages: 67 Posted: 11 Apr 2019 Last Revised: 01 Jul 2021
University of Georgia - Department of Banking and Finance, American University - Kogod School of Business and Auburn University - Department of Finance
Downloads 774 (65,430)
Citation 2

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corporate misconduct, spillovers, institutional investors, monitoring failures

13.

Toxic CEOs, ESG Institutional Investors as Watchdogs, and the Labor Market Outcomes

European Corporate Governance Institute – Finance Working Paper No. 871/2023
Number of pages: 54 Posted: 10 Nov 2022 Last Revised: 18 May 2024
Ugur Lel
University of Georgia - Department of Banking and Finance
Downloads 739 (69,521)

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Labor market for CEOs and directors, Environmental failures, Ex-post settling-up hypothesis, EPA enforcements, socially responsible investors

14.

Blockholders, Debt Agency Costs and Legal Protection

FRB International Finance Discussion Paper No. 908
Number of pages: 51 Posted: 22 Mar 2005 Last Revised: 12 May 2014
Andrew Ellul, Levent Guntay and Ugur Lel
Indiana University - Kelley School of Business - Department of Finance, Federal Deposit Insurance Corporation (FDIC) and University of Georgia - Department of Banking and Finance
Downloads 739 (69,521)
Citation 4

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ownership structure, family firms, agency costs, corporate governance

15.

U.S. National Security and De-Globalization

Journal of International Business Studies
Number of pages: 47 Posted: 23 Jul 2018 Last Revised: 17 Mar 2023
University of Illinois at Urbana-Champaign, University of Georgia - Department of Banking and Finance and Southern Methodist University (SMU) - Finance Department
Downloads 725 (71,338)
Citation 3

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FINSA, CFIUS, foreign investment screening laws, mergers and acquisitions

16.

Dual-Class Shares and Firm Valuation: Market-Wide Evidence from Regulatory Events

European Corporate Governance Institute – Finance Working Paper No. 807/2021
Number of pages: 66 Posted: 14 Dec 2020 Last Revised: 06 Sep 2022
University of Georgia - Department of Banking and Finance, Department of Finance, University of Georgia - Department of Banking and Finance and Auburn University - Department of Finance
Downloads 686 (76,517)

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Dual Class, One-Share One-Vote, Rule 19c-4, Regulation, Innovation

17.

Propagation of Climate Disasters Through Ownership Networks

European Corporate Governance Institute – Finance Working Paper No. 941/2023
Number of pages: 96 Posted: 04 Dec 2023 Last Revised: 10 Nov 2024
Pennsylvania State University - Smeal College of Business, University of South Carolina - Darla Moore School of Business, University of Georgia - Department of Banking and Finance and Auburn University - Department of Finance
Downloads 684 (76,790)

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18.

Escape from New York: The Market Impact of Loosening Disclosure Requirements

EFA 2008 Athens Meetings Paper
Number of pages: 55 Posted: 06 Mar 2008 Last Revised: 02 Oct 2012
University of Navarra, IESE Business School, University of Georgia - Department of Banking and Finance and Southern Methodist University (SMU) - Finance Department
Downloads 587 (93,196)
Citation 11

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12h-6, SEC registration, disclosure, cross-listing

19.

In the Pursuit of Greenness: Drivers and Consequences of Green Corporate Revenues

European Corporate Governance Institute – Finance Working Paper No. 980/2024
Number of pages: 83 Posted: 13 May 2024 Last Revised: 19 May 2024
Ugur Lel
University of Georgia - Department of Banking and Finance
Downloads 517 (109,548)
Citation 1

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Corporate green revenues, institutional investors, environmental policies, environmental externalities, climate change

20.

In Sickness and in Health: Firm Performance and Managerial Health

Number of pages: 45 Posted: 04 Oct 2012 Last Revised: 06 Jun 2017
Sara B. Holland and Ugur Lel
Washington and Lee University - Williams School of Commerce, Economics, and Politics and University of Georgia - Department of Banking and Finance
Downloads 496 (114,893)
Citation 4

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21.

Explaining Top Management Turnover in Private Corporations: The Role of Cross-Country Legal Institutions and Capital Market Forces

Number of pages: 49 Posted: 12 Jul 2013 Last Revised: 11 Nov 2018
University of Georgia - Department of Banking and Finance, Southern Methodist University (SMU) - Finance Department and Fordham University
Downloads 493 (115,706)
Citation 1

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Corporate governance, agency problems, private and public ownership, management turnover