Yaz Gulnur Muradoglu

Queen Mary University of London

Professor of Finance

Francis Bancroft Building

Mile End Road

London, E1 4NS

United Kingdom

City University London - Sir John Cass Business School

Senior Lecturer In Finance

106 Bunhill Row

London, EC1Y 8TZ

United Kingdom

SCHOLARLY PAPERS

43

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CITATIONS
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24

Scholarly Papers (43)

1.

Leverage,Stock Returns,Taxes and Industry Concentration

Number of pages: 27 Posted: 23 Nov 2007 Last Revised: 24 Feb 2010
Sheeja Sivaprasad and Yaz Gulnur Muradoglu
University of Westminster - Westminster Business School and Queen Mary University of London
Downloads 1,133 (11,922)
Citation 1

Abstract:

Leverage, stock returns, capital structure, taxes, industry concentration

2.

An Empirical Analysis of Capital Structure and Abnormal Returns

Cass Business School Research Paper
Number of pages: 25 Posted: 30 Nov 2006 Last Revised: 24 Feb 2010
Sheeja Sivaprasad and Yaz Gulnur Muradoglu
University of Westminster - Westminster Business School and Queen Mary University of London
Downloads 1,018 (15,634)
Citation 4

Abstract:

Keywords: Leverage, Capital Structure, Abnormal Returns

3.

A Behavioural Approach to Efficient Portfolio Formation

EFMA 2002 London Meetings, Cass Business School Research Paper
Number of pages: 21 Posted: 08 Jun 2002
Yaz Gulnur Muradoglu, Aslihan Altay Salih and Muhammet Mercan
Queen Mary University of London, Bilkent University - Faculty of Business Administration and Yapi Kredi Yatirim - Research Department
Downloads 877 (19,806)

Abstract:

Behavioural finance, subjective forecasts, efficient, portfolio

4.

Using Firm Level Leverage as an Investment Strategy

Number of pages: 33 Posted: 20 Nov 2007 Last Revised: 22 Jun 2016
Sheeja Sivaprasad and Yaz Gulnur Muradoglu
University of Westminster - Westminster Business School and Queen Mary University of London
Downloads 825 (21,078)
Citation 1

Abstract:

Leverage, Capital Structure, Stock Returns, Industry, Investment Strategy, Risk, Size

5.

Using Leverage as a Risk Factor in Explaining the Cross Section of Stock Returns

Number of pages: 24 Posted: 04 Mar 2008 Last Revised: 22 Jun 2016
Sheeja Sivaprasad and Yaz Gulnur Muradoglu
University of Westminster - Westminster Business School and Queen Mary University of London
Downloads 745 (23,165)

Abstract:

Leverage, Stock Returns, Capital Structure

6.

The Leverage Effect on Stock Returns

Number of pages: 34 Posted: 11 Oct 2010
Sheeja Sivaprasad, Yaz Gulnur Muradoglu, Orla Gough and Roberta Adami
University of Westminster - Westminster Business School, Queen Mary University of London, University of Westminster - Business School and affiliation not provided to SSRN
Downloads 589 (27,373)

Abstract:

Leverage, Asset Pricing, Stock Returns

7.

The UK Crisis of 2008: What is Real and What is Behavioural?

Number of pages: 18 Posted: 04 Apr 2009
Yaz Gulnur Muradoglu
Queen Mary University of London
Downloads 533 (38,849)

Abstract:

crisis, regulation, behavioural

European Integration and Corporate Financing

Number of pages: 77 Posted: 10 Jul 2008 Last Revised: 20 Jul 2013
Yaz Gulnur Muradoglu, Ceylan Onay and Kate Phylaktis
Queen Mary University of London, Bogazici University and Cass Business School, City University, London
Downloads 327 (75,330)

Abstract:

European Integration, Capital Structure, Debt Maturity, FDI, European Firms

European Integration and Corporate Financing

Number of pages: 77 Posted: 06 Feb 2009 Last Revised: 20 Jul 2013
Yaz Gulnur Muradoglu, Ceylan Onay and Kate Phylaktis
Queen Mary University of London, Bogazici University and Cass Business School, City University, London
Downloads 203 (125,204)

Abstract:

European Integration, Capital Structure, Debt Maturity, FDI, European Firms

9.

The Characteristics of Corporate Distress in an Emerging Market: The Case of China

Cass Business School Research Paper
Number of pages: 44 Posted: 15 Apr 2005
Amy Kam, David B. Citron and Yaz Gulnur Muradoglu
City University London - Faculty of Finance, City University London - Sir John Cass Business School and Queen Mary University of London
Downloads 522 (39,510)
Citation 3

Abstract:

Financial distress, economic distress, performance, operating efficiency, emerging markets, SOE

10.

Predictability of UK Stock Returns by Using Debt Ratios

CUBS Finance Working Paper No. 05, Cass Business School Research Paper
Number of pages: 23 Posted: 02 Nov 2001
Yaz Gulnur Muradoglu and Mark Whittington
Queen Mary University of London and Warwick Business School
Downloads 492 (44,147)
Citation 1

Abstract:

Capital markets, leverage, forecasting, equity returns

11.

Stock Market Returns and Shipping Freight Market Information: Yet Another Puzzle!

Number of pages: 42 Posted: 06 Aug 2011 Last Revised: 21 Sep 2011
Amir H. Alizadeh and Yaz Gulnur Muradoglu
City University London - Sir John Cass Business School and Queen Mary University of London
Downloads 474 (38,849)

Abstract:

Stock returns, freight rates, shipping, market efficiency

12.

Measuring the Systematic Risk of IPO's Using Empirical Bayes Estimates in the Thinly Traded Istanbul Stock Exchange

International Journal of Business, Vol. 8, No. 3, 2003, Cass Business School Research Paper, CUBS Finance Working Paper No. 07
Number of pages: 20 Posted: 19 Aug 2003
Yaz Gulnur Muradoglu, Asad Zaman and Mehmet Orhan
Queen Mary University of London, Pakistan Institute of Development Economics and Fatih University - Department of Economics
Downloads 451 (50,507)

Abstract:

Empirical Bayes method, Beta estimation, Forecasting, Capital Asset Pricing Model, Initial public offering

13.

A Behavioural Analysis of Investor Diversification

European Journal of Finance (2013)
Number of pages: 40 Posted: 11 May 2012 Last Revised: 19 Dec 2013
Ana-Maria Fuertes, Yaz Gulnur Muradoglu and Belma Ozturkkal
Cass Business School, City, University of London, Queen Mary University of London and Kadir Has University Istanbul, Turkey
Downloads 373 (55,868)
Citation 1

Abstract:

Individual investor, Behavioural finance, Diversification, Portfolio risk, Emerging market

14.

Financial Distress Resolution in China - Two Case Studies

Number of pages: 36 Posted: 19 Oct 2007
Amy Kam, David B. Citron and Yaz Gulnur Muradoglu
City University London - Faculty of Finance, City University London - Sir John Cass Business School and Queen Mary University of London
Downloads 340 (61,316)
Citation 1

Abstract:

Distress, restructuring, emerging markets, case studies

15.

Would You Follow MM or a Profitable Trading Strategy?

Frontiers in Finance and Economics, Vol. 7, No. 2, 69-89, October 2010
Number of pages: 21 Posted: 17 Dec 2010
Yaz Gulnur Muradoglu and Brian Baturevich
Queen Mary University of London and affiliation not provided to SSRN
Downloads 283 (76,728)

Abstract:

Capital Structure, leverage, abnormal returns, trading strategy

16.

Portfolio Managers and Novices' Forecasts of Risk and Return: Are There Predictable Forecast Errors?

CUBS Faculty of Finance Working Paper No. 03, Cass Business School Research Paper
Number of pages: 41 Posted: 17 Oct 2001
Yaz Gulnur Muradoglu
Queen Mary University of London
Downloads 278 (87,612)
Citation 1

Abstract:

Stock price forecasts, overreaction, judgement, investor psychology

17.

The Impact of SEC Litigation on Firm Value

Number of pages: 33 Posted: 19 Feb 2008
Yaz Gulnur Muradoglu and Jennifer Clark Huskey
Queen Mary University of London and Coulter and Justus Financial Services LLC
Downloads 264 (89,004)
Citation 1

Abstract:

18.

Decomposition of Momentum Return: Which Component Contributes Most?

Number of pages: 41 Posted: 08 May 2008
Sirajum Munira, Yaz Gulnur Muradoglu and Soosung Hwang
City University - Sir John Cass Business School - Faculty of Finance, Queen Mary University of London and Sungkyunkwan University - Department of Economics
Downloads 260 (93,301)
Citation 1

Abstract:

Common components, Stock-Specific components, Fama-French factors, Macroeconomic factors

19.

Restructuring Strategies of Chinese Firms in Distress: Are they Value Enhancing?

Cass Business School Research Paper
Number of pages: 38 Posted: 22 Jun 2006
Amy Kam, David B. Citron and Yaz Gulnur Muradoglu
City University London - Faculty of Finance, City University London - Sir John Cass Business School and Queen Mary University of London
Downloads 250 (95,546)

Abstract:

distress resolution, China, SOE, event study

20.

Ownership Concentration, IFRS Adoption and Earnings Quality: Evidence from an Emerging Market

Number of pages: 50 Posted: 23 Jan 2014
Mine H. Aksu, Yaz Gulnur Muradoglu and Ayse Tansel Cetin
Sabanci University, Queen Mary University of London and Sabanci University
Downloads 213 (82,006)

Abstract:

Corporate governance, IFRS, earnings persistence, earnings management, ownership concentration, emerging markets

21.

Domestic Versus International Integration in the Process of Financial Liberalisation

CUBS Faculty of Finance Working Paper No. 04, Cass Business School Research Paper
Number of pages: 45 Posted: 17 Oct 2001
Fatma Taskin and Yaz Gulnur Muradoglu
Bilkent University - Department of Economics and Queen Mary University of London
Downloads 199 (126,727)

Abstract:

Financial liberalisation, Emerging markets, Economic fundamentals, Granger causality

22.

Do Extreme Falls Help Forecasting Stock Returns? International Evidence

CUBS Faculty of Finance Working Paper No. 06, Cass Business School Research Paper
Number of pages: 18 Posted: 22 Oct 2001
Erdem Basci, Sidika Basci and Yaz Gulnur Muradoglu
Bilkent University - Department of Economics, ESTIM Forecasting Center and Queen Mary University of London
Downloads 191 (129,731)
Citation 2

Abstract:

Stock return rebounds, predictability, autocorrelations, non-linear models, model selection, trading-rule tests, emerging markets, market indices, weekly return dynamics

23.

'Near-Home Bias' in Foreign Direct Investments

Number of pages: 49 Posted: 14 Mar 2009 Last Revised: 14 May 2014
Yaz Gulnur Muradoglu, Mario Levis and Kristina Vasileva
Queen Mary University of London, City University London - Cass Business School and Westminster Business School
Downloads 151 (145,428)

Abstract:

Home Bias, Foreign Direct Investment, FDI, Psychic Distance, Panel Data

24.

Momentum, Credit Risk and Business Cycles

Number of pages: 31 Posted: 21 Mar 2010
Sirajum Munira and Yaz Gulnur Muradoglu
City University - Sir John Cass Business School - Faculty of Finance and Queen Mary University of London
Downloads 150 (158,306)

Abstract:

Credit Rated Stocks, Business Cycles, Uncertainty, Momentum

25.

Market Behaviour of Foreign Versus Domestic Investors Following a Period of Stressful Circumstances

Number of pages: 45 Posted: 22 Mar 2007
Meziane Lasfer, Sharon Lin and Yaz Gulnur Muradoglu
City University London - Sir John Cass Business School, City University London - Sir John Cass Business School and Queen Mary University of London
Downloads 129 (176,276)

Abstract:

Efficient Markets, Market Stress, Overreaction, Momentum, Optimism

26.

Optimism and Portfolio Choice

Posted: 11 Mar 2010 Last Revised: 21 Nov 2016
Jiayi Balasuriya, Yaz Gulnur Muradoglu and Peter Ayton
University of Hertfordshire - Business School, Queen Mary University of London and City University London

Abstract:

Financial Decision Making, Optimism, Individual Investor, Households Behaviour, Portfolio Choice, Debt Choice

27.

Can Common Components Eliminate Momentum Returns?

Number of pages: 41 Posted: 08 May 2008
Sirajum Munira, Yaz Gulnur Muradoglu and Soosung Hwang
City University - Sir John Cass Business School - Faculty of Finance, Queen Mary University of London and Sungkyunkwan University - Department of Economics
Downloads 111 (204,463)

Abstract:

Momentum return, Common Components, Market States, Fama-French factors, Macroeconomic factors

28.

Momentum in Credit Rated Stocks: Is Momentum Investors' Reaction to Uncertainty Across Business Cycle?

Number of pages: 24 Posted: 12 May 2008
Sirajum Munira and Yaz Gulnur Muradoglu
City University - Sir John Cass Business School - Faculty of Finance and Queen Mary University of London
Downloads 107 (211,204)

Abstract:

Credit Rated Stocks, Business Cycle, Uncertainty, Investment Grade stocks, Speculative Grade stocks and Macroeconomic risk factors

29.

Real and Financial Sector Returns, the IMF, and the Asian Crisis

Number of pages: 34 Posted: 04 Apr 2009
Ali M. Kutan and Yaz Gulnur Muradoglu
Southern Illinois University at Edwardsville and Queen Mary University of London
Downloads 76 (262,877)
Citation 1

Abstract:

crisis, IMF, stock returns

30.

Feedback, Framing, Personality and Risk Attitude -- Experiments on Factors Affecting Financial Optimism

Posted: 07 Aug 2013
Jiayi Balasuriya, Yaz Gulnur Muradoglu and Peter Ayton
University of Hertfordshire - Business School, Queen Mary University of London and City University London

Abstract:

Financial optimism, Individual portfolio choice, Psychology and financial decision making, Asset allocation, Forecasting

31.

How Does a Firm's Capital Structure Affect Stock Performance?

Frontiers in Finance and Economics, Vol. 12, No. 1, 1-31, 2013
Number of pages: 31 Posted: 12 Jul 2015
Roberta Adami, Orla Gough, Yaz Gulnur Muradoglu and Sheeja Sivaprasad
Westminster Business School, University of Westminster - Business School, Queen Mary University of London and University of Westminster - Westminster Business School
Downloads 43 (175,269)

Abstract:

Stock Returns, Gearing, Asset Pricing Models, Risk Factors

32.

Is It Better to Be Optimistic? -- Financial Optimism and Well-Being

Posted: 07 Aug 2013 Last Revised: 21 Nov 2016
Jiayi Balasuriya, Yaz Gulnur Muradoglu and Peter Ayton
University of Hertfordshire - Business School, Queen Mary University of London and City University London

Abstract:

Financial optimism, Well-being, Psychology and financial decision making, Benefit of optimism

33.

Dissemination of Stock Recommendations and Small Investors: Who Benefits?

Multinational Finance Journal, Vol. 6, No. 1, p. 29-42, 2002
Number of pages: 14 Posted: 08 Jul 2015
Bilgehan Yazici and Yaz Gulnur Muradoglu
ABN AMRO - ABN-AMRO Asset Management, Turkey and Queen Mary University of London
Downloads 7 (449,016)
Citation 3
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Abstract:

excess returns; insider trading; investment advice; ISE; stocks

34.

Financial Crisis and Changes in Determinants of Risk and Return: An Empirical Investigation of an Emerging Market (ISE)

Multinational Finance Journal, Vol. 3, No. 4, p. 223-252, 1999
Number of pages: 30 Posted: 17 Jul 2015
Yaz Gulnur Muradoglu, Hakan Berument and Kivilcim Metin-Ozcan
Queen Mary University of London, Bilkent University - Department of Economics and Bilkent University
Downloads 3 (505,749)
Citation 2
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Abstract:

emerging; financial crisis; GARCH-M; Istanbul Stock Exchange; macroeconomic variables; risk; stock returns

35.

Determinants of Time Varying Co-Movements Among International Stock Markets During Crisis and Non-Crisis Periods

Journal of Financial Stability, 2016
Number of pages: 24 Posted: 14 Mar 2016
Mobarek Asma, Yaz Gulnur Muradoglu, Sabur Mollah and Ai Jun Hou
Stockholm Business School, Queen Mary University of London, Hull University Business School and Stockholm University, Business School
Downloads 0 (336,904)

Abstract:

Stock market Co-movement, Advanced and Emerging markets, Crisis, Transmission mechanisms.

36.

Behavioral Finance: Quo Vadis?

Journal of Applied Finance (Formerly Financial Practice and Education), Vol. 18, No. 2, 2008
Number of pages: 15 Posted: 09 Dec 2015
DePaul University, Queen Mary University of London, Santa Clara University - Leavey School of Business and City University - Cass Business School
Downloads 0 (29,229)
Citation 1

Abstract:

37.

Foreign Debt Usage in Non‐Financial Firms: A Horse Race between Operating and Accounting Exposure Hedging

European Financial Management, Vol. 21, Issue 3, pp. 590-611, 2015
Number of pages: 22 Posted: 02 Jun 2015
Tom Aabo, Marianna Andryeyeva Hansen and Yaz Gulnur Muradoglu
Aarhus University, Novozymes A/S and Queen Mary University of London
Downloads 0 (565,074)
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Abstract:

exchange rate exposure management, foreign debt, foreign assets, foreign subsidiaries, accounting exposure

38.

Behavioural Finance: Quo Vadis?

Journal of Applied Finance, Vol.19, pp.7-21, 2008
Posted: 26 Nov 2008 Last Revised: 01 Nov 2009
DePaul University - Driehaus Center for Behavioral Finance, Santa Clara University - Leavey School of Business, Queen Mary University of London and City University - Cass Business School

Abstract:

Behavioral finance, Neoclassical finance, Asset valuation, Behavioral SDF-based pricing

39.

An Exploratory Analysis of the Portfolio Managers' Probabilistic Forecasts of Stock Prices

Journal of Forecasting, Vol. 13, pp. 565-578, 1994
Posted: 24 Nov 2008
Yaz Gulnur Muradoglu and Dilek Onkal
Queen Mary University of London and Bilkent University

Abstract:

Probabilistic Forecasting, Stock Price Forecast, Calibration, Inverse Expertise Effect

40.

Effects of Feedback on Probabilistic Forecasts of Stock Prices

International Journal of Forecasting, Vol. 11, pp. 307-319, 11, 1995
Posted: 23 Nov 2008
Yaz Gulnur Muradoglu and Dilek Onkal
Queen Mary University of London and Bilkent University

Abstract:

Probability forecasting, Judgmental forecasting, Stock-price forecasting, Outcome feedback, Performance feedback, Calibration

41.

Evaluating Probabilistic Forecasts of Stock Prices in a Developing Stock Market

European Journal of Operational Research, 74, pp. 350-358, 1994
Posted: 23 Nov 2008
Yaz Gulnur Muradoglu and Dilek Onkal
Queen Mary University of London and Bilkent University

Abstract:

Forecasting, Probability, Financial, Stock price

42.

Effects of Task Format on Probabilistic Forecasting of Stock Prices

International Journal of Forecasting, Vol. 12, pp. 9-24, 1996
Posted: 23 Nov 2008
Yaz Gulnur Muradoglu and Dilek Onkal
Queen Mary University of London and Bilkent University

Abstract:

Subjective probability, Probability forecasting, Judgmental forecasting, Stock-price forecasting, Task format

43.

Socio-Economic Development and International Migration: A Turkish Study

International Migration, Vol. 39, No. 4, pp. 39-61, Cass Business School Research Paper
Posted: 04 Nov 2005
Ahmet Icduygu, Ibrahim Sirkeci and Yaz Gulnur Muradoglu
affiliation not provided to SSRN, European Business School London, Regent's College and Queen Mary University of London

Abstract:

socio-economic development, regional differences, Turkey, migration

Other Papers (1)

Total Downloads: 6    Citations: 0
1.

Capital Structures Around the World: Are Small and Private Firms Different?

Number of pages: 36 Posted: 14 Mar 2010
Yaz Gulnur Muradoglu, Kate Phylaktis and Tugba Bas
Queen Mary University of London, Cass Business School, City University, London and City University London - Sir John Cass Business School
Downloads 0

Abstract:

Leverage, debt maturity, small firms, private firms