Suleyman Basak

London Business School

Professor of Finance

Sussex Place

Regent's Park

London, London NW1 4SA

United Kingdom

http://www.suleymanbasak.com

Centre for Economic Policy Research (CEPR)

London

United Kingdom

  • London Business School

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SCHOLARLY PAPERS

45

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54,724

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257

Scholarly Papers (45)

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1.

Value-at-Risk Based Risk Management: Optimal Policies and Asset Prices

Downloads 7,427 ( 734)
Citation 59

Value-at-Risk Based Risk Management: Optimal Policies and Asset Prices

Number of pages: 38 Posted: 24 Mar 2000
Suleyman Basak and Alex Shapiro
London Business School and New York University (NYU) - Department of Finance
Downloads 7,068 (787)
Citation 148

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Value-at-Risk Based Risk Management: Optimal Policies and Asset Prices

NYU Working Paper No. FIN-99-032
Number of pages: 36 Posted: 07 Nov 2008
Suleyman Basak and Alex Shapiro
London Business School and New York University (NYU) - Department of Finance
Downloads 359 (80,753)
Citation 2

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Risk Management, VaR, Portfolio Choice, Asset Pricing, Volatility

Value-at-Risk Based Risk Management: Optimal Policies and Asset Prices

Review of Financial Studies, Vol. 14, No. 2, pp. 371-405, Summer 2001
Posted: 17 May 2001
Alex Shapiro and Suleyman Basak
New York University (NYU) - Department of Finance and London Business School

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Risk Management, VaR, Portfolio Choice, Asset Pricing, Volatility

2.

Risk Management with Benchmarking

Downloads 6,027 ( 1,056)
Citation 21

Risk Management with Benchmarking

AFA 2003 Washington, DC Meetings; NYU Finance Working Paper; EFA 2002 Berlin; LBS Working Paper
Number of pages: 29 Posted: 03 Mar 2002
Suleyman Basak, Alex Shapiro and Lucie Tepla
London Business School, New York University (NYU) - Department of Finance and INSEAD
Downloads 5,315 (1,301)
Citation 15

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Benchmarking, Investments, Shortfall Risk, Tracking Error, Value-at-Risk

Risk Management with Benchmarking

NYU Working Paper No. FIN-03-048
Number of pages: 41 Posted: 11 Nov 2008
Suleyman Basak, Alex Shapiro and Lucie Tepla
London Business School, New York University (NYU) - Department of Finance and INSEAD
Downloads 169 (174,604)

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Benchmarking, Investments, Shortfall Risk, Tracking Errors, Value-at-Risk

Risk Management with Benchmarking

NYU Working Paper No. SC-AM-03-16
Number of pages: 41 Posted: 04 Nov 2008
Suleyman Basak, Alex Shapiro and Lucie Tepla
London Business School, New York University (NYU) - Department of Finance and INSEAD
Downloads 147 (196,630)

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Benchmarking, Investments, Shortfall Risk, Tracking error, Value-at-Risk

Risk Management with Benchmarking

NYU Working Paper No. S-AM-01-01
Number of pages: 38 Posted: 13 Nov 2008
Suleyman Basak
London Business School
Downloads 105 (254,719)

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Risk Management with Benchmarking

NYU Working Paper No. FIN-01-015
Number of pages: 38 Posted: 03 Nov 2008
Suleyman Basak, Alex Shapiro and Lucie Tepla
London Business School, New York University (NYU) - Department of Finance and INSEAD
Downloads 96 (270,710)

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Risk Management with Benchmarking

NYU Working Paper No. S-CDM-01-04
Number of pages: 38 Posted: 05 Nov 2008
Suleyman Basak, Alex Shapiro and Lucie Tepla
London Business School, New York University (NYU) - Department of Finance and INSEAD
Downloads 82 (299,486)

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Benchmarking, Investments, shortfall Risk, Tracking Error, value-at-risk

Risk Management with Benchmarking

NYU Working Paper No. S-DRP-01-15
Number of pages: 38 Posted: 07 Nov 2008
Suleyman Basak, Alex Shapiro and Lucie Tepla
London Business School, New York University (NYU) - Department of Finance and INSEAD
Downloads 78 (308,723)

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Risk Management with Benchmarking

CEPR Discussion Paper No. 5187
Number of pages: 31 Posted: 01 Sep 2005
Suleyman Basak, Alex Shapiro and Lucie Tepla
London Business School, New York University (NYU) - Department of Finance and INSEAD
Downloads 35 (449,198)
Citation 31
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Benchmarking, investments, shortfall risk, tracking error, value-at-risk

Risk Management with Benchmarking

Management Science, 2006
Posted: 19 Oct 2005
Suleyman Basak, Alex Shapiro and Lucie Tepla
London Business School, New York University (NYU) - Department of Finance and INSEAD

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Benchmarking, Investments, Shortfall Risk, Tracking Error, Value-at-Risk

3.

A Model of Credit Risk, Optimal Policies, and Asset Prices

Downloads 4,665 ( 1,650)

A Model of Credit Risk, Optimal Policies, and Asset Prices

AFA 2002 Atlanta Meetings; NYU Finance Working Paper
Number of pages: 45 Posted: 21 Mar 2001
Suleyman Basak and Alex Shapiro
London Business School and New York University (NYU) - Department of Finance
Downloads 4,401 (1,811)
Citation 1

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A Model of Credit Risk, Optimal Policies, and Asset Prices

NYU Working Paper No. FIN-03-047
Number of pages: 46 Posted: 11 Nov 2008
Suleyman Basak and Alex Shapiro
London Business School and New York University (NYU) - Department of Finance
Downloads 96 (270,710)

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Credit Risk, Defaultable Debt, Investments, Assets Pricing, Volatility

A Model of Credit Risk, Optimal Policies, and Asset Prices

NYU Working Paper No. S-CDM-03-20
Number of pages: 46 Posted: 05 Nov 2008
Suleyman Basak and Alex Shapiro
London Business School and New York University (NYU) - Department of Finance
Downloads 77 (311,123)

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Credit Risk, Defaultable Debt, Investments, Asset Pricing, Volatility

A Model of Credit Risk, Optimal Policies, and Asset Prices

NYU Working Paper No. FIN-00-029
Number of pages: 41 Posted: 04 Nov 2008
Suleyman Basak and Alex Shapiro
London Business School and New York University (NYU) - Department of Finance
Downloads 59 (359,930)

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A Model of Credit Risk, Optimal Policies and Asset Prices

CEPR Discussion Paper No. 3413
Number of pages: 43 Posted: 31 Jul 2002
Suleyman Basak and Alex Shapiro
London Business School and New York University (NYU) - Department of Finance
Downloads 32 (462,992)
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Credit risk, defaultable debt, investments, asset pricing, volatility

4.

A Comparative Study of Portfolio Insurance

London Business School Working Paper IFA 344
Number of pages: 24 Posted: 22 Dec 2001
Suleyman Basak
London Business School
Downloads 4,037 (2,141)
Citation 21

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Portfolio insurance, pure-exchange, production, volatility, trend-chasing

5.

Dynamic Mean-Variance Asset Allocation

Downloads 3,335 ( 2,976)
Citation 32

Dynamic Mean-Variance Asset Allocation

EFA 2007 Ljubljana Meetings, AFA 2009 San Francisco Meetings Paper
Number of pages: 46 Posted: 27 Feb 2007 Last Revised: 09 Apr 2009
Suleyman Basak and Georgy Chabakauri
London Business School and London School of Economics and Political Science
Downloads 3,333 (2,911)
Citation 14

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Mean-Variance Analysis, Multi-Period Portfolio Choice, Stochastic Investment Opportunities, Time-Consistency, Incomplete Markets

Dynamic Mean-Variance Asset Allocation

CEPR Discussion Paper No. DP7256
Number of pages: 48 Posted: 19 May 2009
Suleyman Basak and Georgy Chabakauri
London Business School and London School of Economics and Political Science
Downloads 2 (660,308)
Citation 57
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Dynamic Programming, Incomplete Markets, Mean-Variance Analysis, Multi-Period Portfolio Choice, Stochastic Investment Opportunities, Time-Consistency

6.

Offsetting the Incentives: Risk Shifting and Benefits of Benchmarking in Money Management

Downloads 2,806 ( 4,017)
Citation 16

Offsetting the Incentives: Risk Shifting and Benefits of Benchmarking in Money Management

MIT Sloan Working Paper No. 4303-03; NYU Finance Working Paper; EFA 2003 Annual Conference Paper No. 269; AFA 2005 Philadelphia Meetings
Number of pages: 42 Posted: 05 May 2003
Suleyman Basak, Anna Pavlova and Alex Shapiro
London Business School, London Business School and New York University (NYU) - Department of Finance
Downloads 2,286 (5,533)
Citation 23

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Fund Flows, Implicit Incentives, Risk Taking, Benchmarking, Risk Management, Portfolio Choice

Offsetting the Incentives: Risk Shifting and Benefits of Benchmarking in Money Management

NYU Working Paper No. FIN-03-049
Number of pages: 43 Posted: 12 Nov 2008
Suleyman Basak, Anna Pavlova and Alex Shapiro
London Business School, London Business School and New York University (NYU) - Department of Finance
Downloads 148 (195,640)

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Fund Flows, Implicit Incentives, Risk Taking, Benchmarking, Risk Management, Portfolio Choice

Offsetting the Incentives: Risk Shifting, and Benefits of Benchmarking in Money Management

NYU Working Paper No. SC-AM-02-12
Number of pages: 33 Posted: 13 Nov 2008
Suleyman Basak, Anna Pavlova and Alex Shapiro
London Business School, London Business School and New York University (NYU) - Department of Finance
Downloads 141 (203,414)

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Offsetting the Incentives: Risk Shifting and Benefits of Benchmarking in Money Management

NYU Working Paper No. SC-AM-03-15
Number of pages: 43 Posted: 04 Nov 2008
Suleyman Basak, Anna Pavlova and Alex Shapiro
London Business School, London Business School and New York University (NYU) - Department of Finance
Downloads 107 (251,240)

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Fund Flows, Implicit Incentives, Risk Taking, Benchmarking, Risk Management, Portfolio Choice

Offsetting the Incentives: Risk Shifting, and Benefits of Benchmarking in Money Management

NYU Working Paper No. FIN-02-062
Number of pages: 33 Posted: 03 Nov 2008
Suleyman Basak and Alex Shapiro
London Business School and New York University (NYU) - Department of Finance
Downloads 101 (261,668)

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Offsetting the Incentives: Risk Shifting and Benefits of Benchmarking in Money Management

CEPR Discussion Paper No. 5006
Number of pages: 44 Posted: 16 Aug 2005
Suleyman Basak, Anna Pavlova and Alex Shapiro
London Business School, London Business School and New York University (NYU) - Department of Finance
Downloads 23 (513,352)
Citation 3
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Fund flows, implicit incentives, risk taking, benchmarking, risk management, portfolio choice

7.

Asset Pricing with Heterogeneous Beliefs

Downloads 2,799 ( 4,033)
Citation 104

Asset Pricing with Heterogeneous Beliefs

Number of pages: 35 Posted: 30 Nov 2003
Suleyman Basak
London Business School
Downloads 2,799 (3,945)
Citation 104

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Heterogeneous Beliefs, Asset Pricing, Equilibrium, Market Price of Risk, Survey

Asset Pricing with Heterogeneous Beliefs

Journal of Banking and Finance, 2005
Posted: 19 Jul 2005
Suleyman Basak
London Business School

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Heterogeneous beliefs, asset pricing, equilibrium, market price of risk, survey

8.

Equilibrium Asset Prices and Investor Behavior in the Presence of Money Illusion: A Preference-Based Formulation

Downloads 2,265 ( 5,731)
Citation 17

Equilibrium Asset Prices and Investor Behavior in the Presence of Money Illusion: A Preference-Based Formulation

EFA Meetings, WFA Meetings
Number of pages: 35 Posted: 29 Nov 2004 Last Revised: 15 Aug 2008
Suleyman Basak and Hongjun Yan
London Business School and DePaul University
Downloads 1,285 (14,256)
Citation 14

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Money Illusion, Asset Pricing, New Keynesian, Bounded Rationality, Equilibrium, Expected Inflation

Equilibrium Asset Prices and Investor Behavior in the Presence of Money Illusion

Yale ICF Working Paper No. 08-23
Number of pages: 32 Posted: 08 Oct 2008 Last Revised: 05 Aug 2009
Suleyman Basak and Hongjun Yan
London Business School and DePaul University
Downloads 978 (21,605)

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Money Illusion, Asset Pricing, New Keynesian, Bounded Rationality, Equilibrium, Expected Inflation

Equilibrium Asset Prices and Investor Behavior in the Presence of Money Illusion

CEPR Discussion Paper No. DP7398
Number of pages: 34 Posted: 08 Sep 2009
Suleyman Basak and Hongjun Yan
London Business School and DePaul University
Downloads 2 (660,308)
Citation 9
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Asset Pricing, Bounded Rationality, Equilibrium, Expected Inflation, Money Illusion, New Keynesian

9.

Monopoly Power and the Firm's Valuation: A Dynamic Analysis of Short Versus Long-Term Policies

Downloads 2,089 ( 6,555)
Citation 3

Monopoly Power and the Firm's Valuation: A Dynamic Analysis of Short Versus Long-Term Policies

MIT Sloan Working Paper No. 4234-01; EFA 2001 Barcelona Meetings; AFA 2001 New Orleans Meetings
Number of pages: 32 Posted: 16 Sep 2000
Anna Pavlova and Suleyman Basak
London Business School and London Business School
Downloads 2,064 (6,560)
Citation 5

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Monopoly; Asset Pricing Theory; General Equilibrium; Short-Sighted; Time-Consistency; Coase Conjecture

Monopoly Power and the Firm's Valuation: A Dynamic Analysis of Short Versus Long-Term Policies

CEPR Discussion Paper No. 3425
Number of pages: 35 Posted: 13 Aug 2002
Anna Pavlova and Suleyman Basak
London Business School and London Business School
Downloads 25 (501,192)
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Monopoly, asset pricing theory, general equilibrium, short-sighted, time-consistency

Monopoly Power and the Firm's Valuation: A Dynamic Analysis of Short Versus Long-Term Policies

Economic Theory, Vol. 24, pp. 503-530, 2004
Posted: 19 Mar 2004
Anna Pavlova and Suleyman Basak
London Business School and London Business School

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Monopoly, Asset pricing theory, General equilibrium, Short-sighted, Time-consistency, Coase conjecture

10.

Dynamic Hedging in Incomplete Markets: A Simple Solution

Downloads 1,761 ( 8,786)
Citation 10

Dynamic Hedging in Incomplete Markets: A Simple Solution

AFA 2012 Chicago Meetings Paper
Number of pages: 49 Posted: 07 Nov 2008 Last Revised: 12 May 2011
Suleyman Basak and Georgy Chabakauri
London Business School and London School of Economics and Political Science
Downloads 1,755 (8,657)
Citation 11

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Hedging, incomplete markets, minimum-variance criterion, risk management, time-consistency, discrete hedging, derivatives, benchmarking, correlation risk, Poisson jumps

Dynamic Hedging in Incomplete Markets: A Simple Solution

CEPR Discussion Paper No. DP8402
Number of pages: 51 Posted: 26 May 2011
Suleyman Basak and Georgy Chabakauri
London Business School and London School of Economics and Political Science
Downloads 6 (625,500)
Citation 10
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benchmarking, correlation risk, derivatives, discrete hedging, hedging, incomplete markets, minimum-variance criterion, Poisson jumps, risk management, time-consistency

11.

Strategic Asset Allocation in Money Management

Downloads 1,672 ( 9,553)
Citation 15

Strategic Asset Allocation in Money Management

Journal of Finance, Forthcoming
Number of pages: 52 Posted: 03 Feb 2009 Last Revised: 31 May 2012
Suleyman Basak and Dmitry Makarov
London Business School and ICEF, Higher School of Economics
Downloads 1,670 (9,393)
Citation 8

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Money Managers, Strategic Interaction, Portfolio Choice, Relative Performance, Incentives, Risk Shifting, Fund Flows, Tournaments

Strategic Asset Allocation in Money Management

CEPR Discussion Paper No. DP8457
Number of pages: 46 Posted: 20 Jul 2011
Suleyman Basak and Dmitry Makarov
London Business School and ICEF, Higher School of Economics
Downloads 2 (660,308)
Citation 20
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fund flows, incentives, Money Managers, portfolio choice, relative performance, risk shifting, strategic interactions, tournaments

12.

A Model of Financialization of Commodities

Downloads 1,531 ( 11,027)
Citation 34

A Model of Financialization of Commodities

Journal of Finance, Forthcoming
Number of pages: 61 Posted: 18 Jan 2013 Last Revised: 14 Sep 2015
Suleyman Basak and Anna Pavlova
London Business School and London Business School
Downloads 1,531 (10,826)
Citation 23

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asset pricing, indexing, commodities, futures, spot prices, institutions, money management, asset class

A Model of Financialization of Commodities

CEPR Discussion Paper No. DP10651
Number of pages: 61 Posted: 16 Jun 2015
Suleyman Basak and Anna Pavlova
London Business School and London Business School
Downloads 0
Citation 38
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asset class, Asset pricing, commodities, futures, indexing, institutions, money management, spot prices

13.

On the Role of Arbitrageurs in Rational Markets

Downloads 1,511 ( 11,270)
Citation 11

On the Role of Arbitrageurs in Rational Markets

EFA 2004 Maastricht Meetings Paper No. 2390; AFA 2004 San Diego Meetings
Number of pages: 36 Posted: 04 Dec 2003
Benjamin Croitoru and Suleyman Basak
McGill University - Desautels Faculty of Management and London Business School
Downloads 1,488 (11,332)
Citation 2

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arbitrage, asset pricing, margin requirements, noncompetitive markets, risk-sharing

On the Role of Arbitrageurs in Rational Markets

CEPR Discussion Paper No. 4768
Number of pages: 37 Posted: 15 Feb 2005
Benjamin Croitoru and Suleyman Basak
McGill University - Desautels Faculty of Management and London Business School
Downloads 23 (513,352)
Citation 33
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Arbitrage, asset pricing, margin requirements, non-competitive markets, risk-sharing

On the Role of Arbitrageurs in Rational Markets

Journal of Financial Economics, Forthcoming
Posted: 19 Jul 2005
Suleyman Basak and Benjamin Croitoru
London Business School and McGill University - Desautels Faculty of Management

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Arbitrage, asset pricing, margin requirements, non-competitive markets, risk-sharing

14.

Belief Dispersion in the Stock Market

Downloads 1,413 ( 12,541)
Citation 8

Belief Dispersion in the Stock Market

Journal of Finance, Forthcoming
Number of pages: 57 Posted: 30 Oct 2014 Last Revised: 18 May 2017
Adem Atmaz and Suleyman Basak
Purdue University - Krannert School of Management and London Business School
Downloads 1,413 (12,289)
Citation 22

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Asset pricing, belief dispersion, heterogeneous beliefs, stock price, mean return, volatility, trading volume, Bayesian learning

Belief Dispersion in the Stock Market

CEPR Discussion Paper No. DP12056
Number of pages: 60 Posted: 22 May 2017
Adem Atmaz and Suleyman Basak
Purdue University - Krannert School of Management and London Business School
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Asset Pricing, Bayesian learning., belief dispersion, heterogeneous beliefs, mean return, stock price, trading volume, volatility

15.

Asset Prices and Institutional Investors

Downloads 1,372 ( 13,168)
Citation 29

Asset Prices and Institutional Investors

AFA 2011 Denver Meetings Paper
Number of pages: 62 Posted: 17 Mar 2010 Last Revised: 27 Aug 2012
Suleyman Basak and Anna Pavlova
London Business School and London Business School
Downloads 1,366 (12,988)
Citation 20

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Asset pricing, indexing, institutions, money management, general equilibrium

Asset Prices and Institutional Investors

CEPR Discussion Paper No. DP9120
Number of pages: 65 Posted: 28 Sep 2012
Suleyman Basak and Anna Pavlova
London Business School and London Business School
Downloads 6 (625,500)
Citation 62
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asset class, Asset pricing, general equilibrium, indexing, institutions, money management

16.

Optimal Asset Allocation and Risk Shifting in Money Management

Downloads 1,290 ( 14,468)
Citation 28

Optimal Asset Allocation and Risk Shifting in Money Management

Number of pages: 40 Posted: 30 Jan 2006
Suleyman Basak, Anna Pavlova and Alex Shapiro
London Business School, London Business School and New York University (NYU) - Department of Finance
Downloads 1,269 (14,530)
Citation 4

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Fund Flows, Implicit Incentives, Risk Taking, Relative Performance, Risk Management, Portfolio Choice

Optimal Asset Allocation and Risk Shifting in Money Management

CEPR Discussion Paper No. 5524
Number of pages: 44 Posted: 14 Jun 2006
Suleyman Basak, Anna Pavlova and Alex Shapiro
London Business School, London Business School and New York University (NYU) - Department of Finance
Downloads 21 (526,040)
Citation 90
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Fund flows, implicit incentives, risk taking, relative performance, risk management, portfolio choice

Optimal Asset Allocation and Risk Shifting in Money Management

Review of Financial Studies, Vol. 20, Issue 5, pp. 1583-1621, 2007
Posted: 26 Jun 2008
Suleyman Basak
London Business School

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G11, G20, D60, D81

17.

International Good Market Segmentation and Financial Innovation

Downloads 1,189 ( 16,441)

International Good Market Segmentation and Financial Innovation

Number of pages: 31 Posted: 14 Jan 2003
Benjamin Croitoru and Suleyman Basak
McGill University - Desautels Faculty of Management and London Business School
Downloads 1,189 (16,125)
Citation 3

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Market Segmentation, Financial Innovation, International Capital Flows, Dynamic Equilibrium

International Good Market Segmentation and Financial Innovation

Journal of International Economics, Forthcoming
Posted: 26 May 2006
Suleyman Basak and Benjamin Croitoru
London Business School and McGill University - Desautels Faculty of Management

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Market Segmentation, Financial Innovation, International Capital Flows, Dynamic Equilibrium

18.

Capital Market Equilibrium with Differential Taxation

London Business School, Working Paper Series Number 369
Number of pages: 34 Posted: 11 Aug 1998
Suleyman Basak and Michael F. Gallmeyer
London Business School and University of Virginia (UVA) - McIntire School of Commerce
Downloads 1,034 (20,217)
Citation 7

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19.

A Dynamic Model with Import Quota Constraints

Downloads 717 ( 34,056)

A Dynamic Model with Import Quota Constraints

Number of pages: 41 Posted: 05 Mar 2002 Last Revised: 04 Sep 2015
Anna Pavlova and Suleyman Basak
London Business School and London Business School
Downloads 699 (34,713)

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Quota, International Economics and Finance, Asset Pricing, Integral Constraints

A Dynamic Model with Import Quota Constraints

CEPR Discussion Paper No. 3414
Number of pages: 43 Posted: 06 Aug 2002
Anna Pavlova and Suleyman Basak
London Business School and London Business School
Downloads 18 (545,182)
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Quota, international economics and finance, asset pricing, integral constraints

20.

Multiplicity in General Financial Equilibrium with Portfolio Constraints

Downloads 692 ( 35,763)
Citation 6

Multiplicity in General Financial Equilibrium with Portfolio Constraints

PIER Working Paper No. 06-012
Number of pages: 35 Posted: 27 Mar 2006
Suleyman Basak, Anna Pavlova, David Cass (deceased) and Juan Manuel Licari
London Business School, London Business School, University of Pennsylvania, School of Arts & Sciences, Department of Economics (deceased) and University of Pennsylvania - Department of Economics
Downloads 678 (36,197)
Citation 3

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Multiple equilibria, asset pricing, portfolio constraints, indeterminacy, financial equilibrium

Multiplicity in General Financial Equilibrium with Portfolio Constraints

CEPR Discussion Paper No. 5804
Number of pages: 38 Posted: 11 Oct 2006
Suleyman Basak, Anna Pavlova, David Cass (deceased) and Juan Manuel Licari
London Business School, London Business School, University of Pennsylvania, School of Arts & Sciences, Department of Economics (deceased) and University of Pennsylvania - Department of Economics
Downloads 14 (571,164)
Citation 5
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Multiple equilibria, asset pricing, portfolio constraints, indeterminacy, financial equilibrium

Multiplicity in General Financial Equilibrium with Portfolio Constraints

Journal of Economic Theory, Forthcoming
Posted: 21 Aug 2006
Suleyman Basak, Anna Pavlova, David Cass (deceased) and Juan Manuel Licari
London Business School, London Business School, University of Pennsylvania, School of Arts & Sciences, Department of Economics (deceased) and University of Pennsylvania - Department of Economics

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Multiple Equilibria, Asset Pricing, Portfolio Constraints, Indeterminacy, Financial Equilibrium

21.

Strategic Asset Allocation with Relative Performance Concerns

Downloads 640 ( 39,671)
Citation 5

Strategic Asset Allocation with Relative Performance Concerns

Number of pages: 40 Posted: 11 Sep 2007
Suleyman Basak and Dmitry Makarov
London Business School and ICEF, Higher School of Economics
Downloads 469 (58,562)
Citation 2

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Money Managers, Strategic Interaction, Portfolio Choice, Relative Performance, Incentives, Risk Shifting, Fund Flows, Envy, Tournaments

Strategic Asset Allocation with Relative Performance Concerns

EFA 2008 Athens Meetings Paper
Number of pages: 40 Posted: 07 Mar 2008
Suleyman Basak and Dmitry Makarov
London Business School and ICEF, Higher School of Economics
Downloads 171 (172,768)
Citation 4

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Money Managers, Strategic Interaction, Portfolio Choice, Relative Performance, Incentives, Risk Shifting, Fund Flows, Envy, Tournaments

22.

Difference in Interim Performance and Risk Taking with Short-Sale Constraints

Downloads 633 ( 40,255)
Citation 4

Difference in Interim Performance and Risk Taking with Short-Sale Constraints

Number of pages: 38 Posted: 09 Mar 2008 Last Revised: 10 Sep 2011
Suleyman Basak and Dmitry Makarov
London Business School and ICEF, Higher School of Economics
Downloads 629 (40,027)

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Relative Performance, Risk-Taking Incentives, Portfolio Choice, Short-Sale Constraints

Difference in Interim Performance and Risk Taking with Short-Sale Constraints

CEPR Discussion Paper No. DP8072
Number of pages: 44 Posted: 22 Nov 2010
Suleyman Basak and Dmitry Makarov
London Business School and ICEF, Higher School of Economics
Downloads 4 (640,293)
Citation 10
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mutual fund tournament, portfolio choice, relative performance, risk-taking incentives, short-sale constraints

23.

Offsetting the Implicit Incentives: Benefits of Benchmarking in Money Management

Number of pages: 24 Posted: 18 Aug 2006 Last Revised: 17 Dec 2007
Suleyman Basak, Anna Pavlova and Alex Shapiro
London Business School, London Business School and New York University (NYU) - Department of Finance
Downloads 623 (41,133)
Citation 19

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Benchmarking, Fund Flows, Implicit Incentives, Risk Taking, Risk Management, Portfolio Choice

24.

Currency Price, the Nominal Exchange Rate, and Security Prices in a Two Country Dynamic Monetary Equilibrium

Rodney L. White Center for Financial Research Working Paper Series 9-98
Number of pages: 29 Posted: 06 May 1998
Suleyman Basak and Michael F. Gallmeyer
London Business School and University of Virginia (UVA) - McIntire School of Commerce
Downloads 619 (41,505)
Citation 19

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25.

A Theory of Model Sophistication and Operational Risk

Number of pages: 44 Posted: 26 Feb 2016 Last Revised: 24 May 2019
Suleyman Basak and Andrea M. Buffa
London Business School and Boston University - Department of Finance & Economics
Downloads 595 (43,771)
Citation 2

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Operational risk, model sophistication, risk exposure, risk management, market risk, model risk, Big Data, FinTech

26.

Competition among Portfolio Managers and Asset Specialization

Number of pages: 44 Posted: 04 Mar 2010 Last Revised: 09 Aug 2017
Suleyman Basak and Dmitry Makarov
London Business School and ICEF, Higher School of Economics
Downloads 563 (47,025)
Citation 4

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Competition, Portfolio Choice, Asset Specialization, Under-Diversification, Cost-Benefit Analysis, Relative Performance

27.

Investor Protection and Asset Prices

Downloads 423 ( 67,113)

Investor Protection and Asset Prices

Number of pages: 60 Posted: 07 Mar 2016 Last Revised: 07 Mar 2019
Suleyman Basak, Georgy Chabakauri and M. Deniz Yavuz
London Business School, London School of Economics and Political Science and Purdue University - Krannert School of Management
Downloads 423 (66,490)

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investor protection, asset pricing, controlling shareholders, expropriation, stock holdings

Investor Protection and Asset Prices

CEPR Discussion Paper No. DP13472
Number of pages: 63 Posted: 28 Jan 2019
Suleyman Basak, Georgy Chabakauri and M. Deniz Yavuz
London Business School, London School of Economics and Political Science and Purdue University - Krannert School of Management
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Asset Pricing, controlling shareholders, expropriation, investor protection, stock holdings

28.

Option Prices and Costly Short-Selling

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Option Prices and Costly Short-Selling

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 62 Posted: 01 Feb 2017 Last Revised: 17 Jul 2018
Adem Atmaz and Suleyman Basak
Purdue University - Krannert School of Management and London Business School
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Option prices, short-selling, shorting fee, partial lending, options marketmaking, bid-ask spreads, put-call parity violations, short-selling bans, stochastic volatility

Option Prices and Costly Short-Selling

CEPR Discussion Paper No. DP13029
Number of pages: 65 Posted: 09 Jul 2018
Adem Atmaz and Suleyman Basak
Purdue University - Krannert School of Management and London Business School
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bid-ask spreads, Option prices, options marketmaking, partial lending, put-call parity violations, short-selling, short-selling bans, shorting fee, stochastic volatility

29.

Security Design with Status Concerns

Number of pages: 46 Posted: 29 Jan 2015 Last Revised: 06 Jun 2019
Suleyman Basak, Dmitry Makarov, Alex Shapiro and Marti G. Subrahmanyam
London Business School, ICEF, Higher School of Economics, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
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Security Design, Status Concerns, Convertible Securities, Financing, Hybrid Securities

30.

Stock Market and No-Dividend Stocks

Number of pages: 52 Posted: 16 Feb 2018 Last Revised: 20 May 2019
Adem Atmaz and Suleyman Basak
Purdue University - Krannert School of Management and London Business School
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Stock market, no-dividend stocks, dynamic asset pricing, incomplete information, stock market correlation with consumption, market risk premium-volatility relation, term structure of equity premia

31.

Internet Appendix for 'Belief Dispersion in the Stock Market'

Number of pages: 45 Posted: 18 May 2017
Adem Atmaz and Suleyman Basak
Purdue University - Krannert School of Management and London Business School
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Asset pricing, belief dispersion, heterogeneous beliefs, stock price, mean return, volatility, trading volume, Bayesian learning

32.

International Good Market Segmentation and Financial Market Structure

CEPR Discussion Paper No. 4060
Number of pages: 34 Posted: 20 Nov 2003
Benjamin Croitoru and Suleyman Basak
McGill University - Desautels Faculty of Management and London Business School
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Market segmentation, financial innovation, risk sharing, international capital flows

33.

Asset Prices with Heterogenous Beliefs

CEPR Discussion Paper No. 4256
Number of pages: 35 Posted: 24 Mar 2004
Suleyman Basak
London Business School
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Heterogenous beliefs, asset pricing, equilibrium, market price of risk, survey

34.

Optimal Asset Allocation and Risk Shifting in Money Management

Review of Financial Studies, Vol. 20, No. 5, pp. 1583-1621, 2007
Posted: 07 Aug 2006 Last Revised: 21 Mar 2008
Anna Pavlova, Suleyman Basak and Alex Shapiro
London Business School, London Business School and New York University (NYU) - Department of Finance

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Fund Flows, Implicit Incentives, Risk Taking, Relative Performance, Risk Management, Portfolio Choice

35.

Model of Credit Risk, Optimal Policies, and Asset Prices

Journal of Business, Vol. 78, No. 4, July 2005
Posted: 19 Jul 2005
Suleyman Basak and Alex Shapiro
London Business School and New York University (NYU) - Department of Finance

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Credit risk, defaultable debt, investments, asset pricing, volatility

36.

Dynamic Consumption-Portfolio Choice and Asset Pricing

Posted: 01 Sep 1999
Suleyman Basak
London Business School

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37.

Dynamic Consumption-Portfolio Choice and Asset Pricing with Non-Price-Taking Agents

Center for Financial Research Working Paper No. 7-95
Posted: 26 Aug 1999
Suleyman Basak
London Business School

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38.

Nonlinear Taxation, Tax Arbitrage and Equilibrium Asset Prices

Rodney L. White Center for Financial Research Working Paper No. 07-99
Posted: 16 Apr 1999
Benjamin Croitoru and Suleyman Basak
McGill University - Desautels Faculty of Management and London Business School

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39.

An Intertemporal Model of Segmentation

Rodney L. White Center for Financial Research Working Paper No. 8-95
Posted: 03 Nov 1998
Suleyman Basak
London Business School

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40.

On the Fluctuations in Consumption and Market Returns in the Presence of Labor and Human Capital: An Equilibrium Analysis

Rodney L. White Center for Financial Research Working Paper Series #10-98
Posted: 06 May 1998
Suleyman Basak
London Business School

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41.

Capital Market Equilibrium with Mispricing and Arbitrage Activity

Rodney L. White Center for Financial Research Working Paper Series 6-98
Posted: 29 Apr 1998
Benjamin Croitoru and Suleyman Basak
McGill University - Desautels Faculty of Management and London Business School

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42.

An Intertemporal Model of International Capital Market Segmentation

J. OF FINANCIAL AND QUANTITATIVE ANALYSIS, June 1996
Posted: 20 Apr 1998
Suleyman Basak
London Business School

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43.

A Model of Dynamic Equilibrium Asset Pricing with Extraneous Risk

Wharton Working Paper No. 2-97
Posted: 30 Apr 1997
Suleyman Basak
London Business School

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44.

An Equilibrium Model with Restricted Stock Market Participation

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An Equilibrium Model with Restricted Stock Market Participation

Rodney L. White Center Working Paper No. 1-97
Posted: 09 Apr 1997
Suleyman Basak and Domenico Cuoco
London Business School and University of Pennsylvania - Finance Department

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An Equilibrium Model with Restricted Stock Market Participation

Review of Financial Studies Volume 11, Issue 2
Posted: 18 Apr 1998
Suleyman Basak and Domenico Cuoco
London Business School and University of Pennsylvania - Finance Department

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45.

A General Equilibrium Model of Portfolio Insurance

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A General Equilibrium Model of Portfolio Insurance

REVIEW OF FINANCIAL STUDIES, Vol. 8 No. 4
Posted: 24 Jan 1996
Suleyman Basak
London Business School

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A General Equilibrium Model of Portfolio Insurance

Rodney L. White Center Working Paper No. 1-94
Posted: 07 Sep 1994
Suleyman Basak
London Business School

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Other Papers (1)

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1.

Multiplicity in General Financial Equilibrium with Portfolio Constraints, Second Version

PIER Working Paper No. 06-020
Number of pages: 36 Posted: 19 Jul 2006
Suleyman Basak, Anna Pavlova, David Cass (deceased) and Juan Manuel Licari
London Business School, London Business School, University of Pennsylvania, School of Arts & Sciences, Department of Economics (deceased) and University of Pennsylvania - Department of Economics
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Multiple equilibria, asset pricing, portfolio constraints, indeterminacy, financial equilibrium.