Gonul Colak

Hanken School of Economics

Dr.

P.O. Box 479

FI-00101 Helsinki, 00101

Finland

SCHOLARLY PAPERS

18

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6,639

SSRN CITATIONS
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Top 17,197

in Total Papers Citations

33

CROSSREF CITATIONS

21

Scholarly Papers (18)

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 1,010 (23,176)
Citation 5

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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 900 (27,337)
Citation 20

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

3.
Downloads 781 ( 33,346)
Citation 5

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 781 (32,841)
Citation 5

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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 658 (42,070)

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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 572 (50,596)

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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 518 (57,304)
Citation 1

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

7.
Downloads 399 ( 78,739)
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 206 (158,391)
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 193 (168,382)

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

8.

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 328 (98,461)
Citation 3

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

9.

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 268 (122,411)

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

10.

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 246 (133,727)
Citation 1

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initial public offerings, international, legal bonding, underpricing

11.

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 211 (155,052)
Citation 2

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12.

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 149 (210,814)

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

13.

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 147 (213,140)

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

14.

Managerial Incentives and IPO Failure Risk

Number of pages: 92 Posted: 11 Feb 2019 Last Revised: 29 Aug 2019
Hanken School of Economics, University of Bath, The Open University and University of Strathclyde
Downloads 142 (219,133)

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Executive Compensation, Pay Gap, IPO Survival, Initial Public Offerings

15.

Local Policy Risk and IPO Performance

Number of pages: 77 Posted: 25 Nov 2018 Last Revised: 23 Dec 2019
Hanken School of Economics, University of Bath, University of Strathclyde and The Open University
Downloads 107 (270,932)

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

16.

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 96 (291,436)

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Seasoned equity offerings; Executive compensation; Equity-based compensation

17.

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 55 (397,533)
Citation 2

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

18.

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 - Gabelli School of Business and American University of Beirut
Downloads 52 (407,628)
Citation 1

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