Gonul Colak

Hanken School of Economics

Dr.

P.O. Box 479

FI-00101 Helsinki, 00101

Finland

  • Hanken School of Economics

SCHOLARLY PAPERS

17

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61

Scholarly Papers (17)

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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 985 (21,507)
Citation 28

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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 Iowa - Department of Finance
Downloads 870 (25,781)

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

3.

Cycles in the IPO Market

Downloads 766 ( 30,781)
Citation 24

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 766 (30,300)
Citation 24

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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 620 (40,950)
Citation 3

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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 569 (45,839)
Citation 1

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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 512 (52,417)
Citation 2

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

7.

Comovements in Corporate Waves

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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 (144,097)
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 (153,336)
Citation 1

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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
Eric R. Brisker, Gonul Colak and David R. Peterson
The University of Akron, Hanken School of Economics and Florida State University - Department of Finance
Downloads 323 (90,891)
Citation 1

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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 264 (112,860)

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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
Gonul Colak, Candace Jens, April M. Knill and Kelsey Syvrud
Hanken School of Economics, Tulane University - A.B. Freeman School of Business, Florida State University College of Business and Florida State University
Downloads 231 (129,335)
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
Gonul Colak, Ali Gungoraydinoglu and Özde Öztekin
Hanken School of Economics, Florida International University (FIU) and Florida International University (FIU)
Downloads 173 (169,281)

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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 (192,210)

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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 123 (223,709)

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

14.

Managerial Incentives and Firm Survival

Number of pages: 75 Posted: 11 Feb 2019 Last Revised: 12 May 2019
Gonul Colak, Dimitrios Gounopoulos, Georgios Loukopoulos and Panagiotis Loukopoulos
Hanken School of Economics, University of Bath, University of Bath, School of management and University of Strathclyde
Downloads 91 (275,724)

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

15.

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
Eric R. Brisker, Don M. Autore, Gonul Colak and David R. Peterson
The University of Akron, Florida State University - College of Business, Hanken School of Economics and Florida State University - Department of Finance
Downloads 91 (275,724)

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Seasoned equity offerings; Executive compensation; Equity-based compensation

16.

Local Policy Risk and IPO Performance

Number of pages: 63 Posted: 25 Nov 2018 Last Revised: 17 Apr 2019
Gonul Colak, Dimitrios Gounopoulos, Panagiotis Loukopoulos and Georgios Loukopoulos
Hanken School of Economics, University of Bath, University of Strathclyde and University of Bath, School of management
Downloads 70 (322,118)

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

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
Ali Gungoraydinoglu, Gonul Colak and Özde Öztekin
Florida International University (FIU), Hanken School of Economics and Florida International University (FIU)
Downloads 51 (376,416)

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