Gonul Colak

University of Sussex

Professor of Accounting and Finance

Jubilee Building

Falmer

Brighton, BN1 9SN

United Kingdom

Hanken School of Economics

Professor of Finance

P.O. Box 479

Arkadiankatu 22

FI-00100 Helsinki, 00100

Finland

SCHOLARLY PAPERS

26

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8,410

SSRN CITATIONS
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Top 13,815

in Total Papers Citations

59

CROSSREF CITATIONS

25

Scholarly Papers (26)

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
University of Sussex and University of Michigan, Stephen M. Ross School of Business
Downloads 1,060 (29,253)
Citation 9

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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
University of Sussex, University of Iowa - Henry B. Tippie College of Business and University of Connecticut
Downloads 938 (34,803)
Citation 31

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

3.
Downloads 812 ( 42,554)
Citation 9

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, University of Sussex and Cleveland State University
Downloads 812 (41,961)
Citation 9

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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, University of Sussex 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 University of Sussex
Downloads 736 (48,470)
Citation 1

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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
University of Sussex
Downloads 599 (63,336)

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Diversification Discount, Refocusing, Excess Value, Simultaneity Bias

6.

The Impact of COVID-19 Pandemic on Bank Lending Around the World

Journal of Banking and Finance, Forthcoming
Number of pages: 53 Posted: 18 Oct 2020 Last Revised: 05 Jun 2021
Gonul Colak and Özde Öztekin
University of Sussex and Florida International University (FIU)
Downloads 569 (67,885)
Citation 1

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Bank loans; credit supply; COVID-19; difference-in-difference; entropy balancing

7.

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
University of Sussex and University of Manitoba
Downloads 543 (71,668)
Citation 1

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

8.

ESG and CEO Turnover

Proceedings of Paris December 2020 Finance Meeting EUROFIDAI - ESSEC
Number of pages: 63 Posted: 14 Oct 2020
University of Sussex, Aalto University - Aalto University School of Business, Department of Finance, Students and Hanken School of Economics
Downloads 437 (93,510)
Citation 1

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9.
Downloads 404 (101,901)
Citation 1

Comovements in Corporate Waves

Number of pages: 48 Posted: 17 Mar 2010
Gonul Colak and Necati Tekatli
University of Sussex and affiliation not provided to SSRN
Downloads 209 (200,955)
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
University of Sussex and affiliation not provided to SSRN
Downloads 195 (214,185)

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

10.

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, University of Sussex and Florida State University - Department of Finance
Downloads 340 (123,836)
Citation 3

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

11.

IPO Characteristics of Index Firms

Number of pages: 26 Posted: 21 Nov 2009 Last Revised: 15 Oct 2013
Gonul Colak
University of Sussex
Downloads 273 (155,469)

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

12.

International IPO Markets and a Foreign IPO Puzzle

Number of pages: 45 Posted: 04 Jun 2014 Last Revised: 01 Jul 2014
University of Sussex, Tulane University - A.B. Freeman School of Business, Florida State University College of Business and Florida State University
Downloads 268 (158,483)
Citation 1

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initial public offerings, international, legal bonding, underpricing

13.

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
University of Sussex, Florida International University (FIU) and Florida International University (FIU)
Downloads 229 (184,626)
Citation 3

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14.

Tournament Incentives and IPO Failure Risk

Journal of Banking and Finance, Forthcoming
Number of pages: 51 Posted: 11 Feb 2019 Last Revised: 28 May 2021
University of Sussex, University of Bath, The Open University and University of Strathclyde
Downloads 202 (207,651)

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CEO Pay Gap, Tournament Incentives, Initial Public Offerings, IPO Survival

15.

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
University of Sussex, Indiana University - Kelley School of Business - Department of Finance and Virginia Tech
Downloads 193 (216,210)
Citation 1

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

16.

Political Power Local Policy Uncertainty and IPO Pricing

Journal of Corporate Finance, Forthcoming
Number of pages: 61 Posted: 25 Nov 2018 Last Revised: 10 Feb 2021
University of Sussex, University of Bath, University of Strathclyde and The Open University
Downloads 171 (239,999)
Citation 1

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

17.

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, University of Sussex and Ming Chuan University
Downloads 153 (263,230)

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

18.

The Timing of Voluntary Delisting

Number of pages: 68 Posted: 13 Jan 2020 Last Revised: 22 Apr 2021
Aston Business School, University of Sussex, Cardiff Business School and University of Sussex
Downloads 115 (326,770)

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Voluntary Delisting; Delist Timing; Political Uncertainty, Real Options; Survival Analysis.

19.

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, University of Sussex and Florida State University - Department of Finance
Downloads 104 (350,016)

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Seasoned equity offerings; Executive compensation; Equity-based compensation

20.

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, University of Sussex, Fordham University and American University of Beirut
Downloads 71 (439,786)
Citation 5

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

21.

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), University of Sussex and Florida International University (FIU)
Downloads 65 (460,373)
Citation 6

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

22.

Economic Uncertainty and Corruption: Evidence From Public and Private Firms

Journal of Financial Stability, Forthcoming
Number of pages: 60 Posted: 02 Aug 2021 Last Revised: 15 Sep 2021
Mansoor Afzali, Gonul Colak and Mengchuan Fu
Hanken School of Economics, University of Sussex and Fordham University - Gabelli School of Business
Downloads 37 (582,939)

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economic policy uncertainty, private firms, corruption, bribery, cheating on taxes, trust, religiosity

23.

CEO Mobility and Corporate Policy Risk

Journal of Corporate Finance, Forthcoming
Number of pages: 91 Posted: 02 Aug 2021
Gonul Colak and Timo Korkeamaki
University of Sussex and Aalto University - Aalto University School of Business, Department of Finance, Students
Downloads 33 (605,548)

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CEO mobility, corporate policy risk, shareholder value, severance packages

24.

Why Are Some Chinese Firms Failing in the US Capital Markets? A Machine Learning Approach

Pacific-Basin Finance Journal, Forthcoming
Number of pages: 53 Posted: 02 Aug 2021
Gonul Colak, Mengchuan Fu and Iftekhar Hasan
University of Sussex, Fordham University - Gabelli School of Business and Fordham University
Downloads 21 (686,739)

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initial public offerings, machine learning, China, underpricing, delistings, long-run returns, cross-listings, prediction

25.

On Modelling IPO Failure Risk

Economic Modelling, Forthcoming
Number of pages: 54 Posted: 17 Mar 2022
Gonul Colak, Mengchuan Fu and Iftekhar Hasan
University of Sussex, Fordham University - Gabelli School of Business and Fordham University
Downloads 19 (702,031)

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IPOs, Machine Learning, IPO Failure Risk, IPO delisting, Gradient Boosting

26.

Comovements in Corporate Waves and the Monetary Policy

Number of pages: 61 Posted: 02 Mar 2021
Gonul Colak, Iftekhar Hasan and Necati Tekatli
University of Sussex, Fordham University and Kutztown University College of Business
Downloads 18 (709,960)

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Corporate Event Waves, Monetary Policy, Uncertainty, Factor Analysis, Bayesian Estimation