Cem Demiroglu

Koc University, College of Administrative Sciences and Economics

Assistant Professor of Finance

Koc University

Sariyer

Istanbul, 34450

Turkey

http://https://sites.google.com/site/cemdemiroglu/

SCHOLARLY PAPERS

16

DOWNLOADS
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6,779

CITATIONS
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Top 4,724

in Total Papers Citations

111

Scholarly Papers (16)

1.

The Information Content of Bank Loan Covenants

AFA 2008 New Orleans Meetings, Review of Financial Studies, Forthcoming
Number of pages: 49 Posted: 30 Jan 2007 Last Revised: 08 Mar 2010
Cem Demiroglu and Christopher M. James
Koc University, College of Administrative Sciences and Economics and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 1,695 (9,285)
Citation 50

Abstract:

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bank lending, loan contracting, covenants, congruence

2.

The Role of Private Equity Group Reputation in LBO Financing

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 53 Posted: 27 Nov 2007 Last Revised: 09 Mar 2010
Cem Demiroglu and Christopher M. James
Koc University, College of Administrative Sciences and Economics and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 1,462 (11,757)
Citation 38

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Leveraged Buyout, Private Equity, Reputation, Bank Financing, Market Timing

3.

How Important is Having Skin in the Game? Originator-Sponsor Affiliation and Losses on Mortgage-Backed Securities

AFA 2012 Chicago Meetings
Number of pages: 55 Posted: 01 Jan 2010 Last Revised: 26 Jan 2012
Cem Demiroglu and Christopher M. James
Koc University, College of Administrative Sciences and Economics and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 821 (28,071)
Citation 9

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Securitization, mortgage, MBS, cherry picking, skin in the game, screening, subprime crisis, credit crisis

4.

The Use of Bank Lines of Credit in Corporate Liquidity Management: A Review of Empirical Evidence

Journal of Banking and Finance, Forthcoming
Number of pages: 26 Posted: 22 Jun 2010 Last Revised: 21 Jan 2012
Cem Demiroglu and Christopher M. James
Koc University, College of Administrative Sciences and Economics and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 452 (61,381)
Citation 4

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Line of credit, Cash, Liquidity, Bank, Credit Crisis

5.

Bank Lending Standards and Access to Lines of Credit

Journal of Money, Credit, and Banking, Forthcoming
Number of pages: 39 Posted: 21 Mar 2009 Last Revised: 19 Jan 2012
Koc University, College of Administrative Sciences and Economics, University of Florida - Department of Finance, Insurance and Real Estate and Independent
Downloads 447 (62,183)
Citation 2

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Bank lending standards, liquidity management, lines of credit, banking relationships, private firms

6.

Bank Loans and Troubled Debt Restructurings

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 46 Posted: 04 Oct 2013 Last Revised: 17 Jun 2015
Cem Demiroglu and Christopher M. James
Koc University, College of Administrative Sciences and Economics and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 446 (62,366)
Citation 2

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debt restructuring; Chapter 11; bankruptcy; private workout; holdout problem; institutional loans; CLOs

7.

Ratings Quality and Borrowing Choice

Journal of Finance, Forthcoming
Number of pages: 71 Posted: 18 Sep 2015 Last Revised: 09 Jan 2019
University of Missouri at Columbia - Department of Finance, Koc University, College of Administrative Sciences and Economics and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 295 (100,376)

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credit ratings; ratings inflation; asymmetric information

8.

Works of Friction? Originator-Sponsor Affiliation and Losses on Mortgage-Backed Securities

AFA 2012 Chicago Meetings Paper
Number of pages: 56 Posted: 16 Mar 2011
Cem Demiroglu and Christopher M. James
Koc University, College of Administrative Sciences and Economics and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 255 (117,128)
Citation 6

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securitization, MBS, skin in the game, liar's loans

9.

Indicators of Collateral Misreporting

Number of pages: 32 Posted: 20 Sep 2014 Last Revised: 22 Jul 2015
Cem Demiroglu and Christopher M. James
Koc University, College of Administrative Sciences and Economics and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 254 (117,598)

Abstract:

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AVM score, appraisal inflation, collateral misreporting

10.

Do Market Prices Improve the Accuracy of Court Valuations in Chapter 11?

Finance Down Under 2017 Building on the Best from the Cellars of Finance
Number of pages: 55 Posted: 24 Nov 2015 Last Revised: 25 May 2018
Cem Demiroglu, Julian R. Franks and Ryan Lewis
Koc University, College of Administrative Sciences and Economics, London Business School - Institute of Finance and Accounting and University of Colorado, Boulder
Downloads 208 (143,807)

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Bankruptcy, Chapter 11, TRACE, Transparency, Bond, Dissemination

11.

Do Physiological and Spiritual Factors Affect Economic Decisions?

Marshall School of Business Working Paper No. 17-22
Number of pages: 53 Posted: 17 Mar 2017 Last Revised: 15 Apr 2019
Koc University, College of Administrative Sciences and Economics, University of Southern California - Marshall School of Business - Finance and Business Economics Department, London Business School - Department of Finance and Government of the Republic of Turkey - Central Bank of the Republic of Turkey
Downloads 199 (149,184)

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Ramadan; fasting; nutrition; spiritual sentiment; judgment errors; bank lending; religion; religious practice

12.

The Relevance of Credit Ratings in Transparent Bond Markets

Paris December 2017 Finance Meeting EUROFIDAI - AFFI
Number of pages: 46 Posted: 18 Mar 2017 Last Revised: 09 Dec 2017
Dominique C. Badoer and Cem Demiroglu
University of Missouri at Columbia - Department of Finance and Koc University, College of Administrative Sciences and Economics
Downloads 183 (161,095)

Abstract:

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credit ratings; over-the-counter markets; search costs; transparency; TRACE

13.

Managerial Discretion and Efficiency of Internal Capital Markets

Number of pages: 42 Posted: 07 Nov 2018 Last Revised: 28 Apr 2019
Cem Demiroglu, Cansu Iskenderoglu and Oguzhan Ozbas
Koc University, College of Administrative Sciences and Economics, Koc University - College of Administrative Sciences and Economics and University of Southern California - Marshall School of Business - Finance and Business Economics Department
Downloads 58 (354,756)

Abstract:

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internal capital markets, antitakeover laws, corporate investment, allocation of resources, agency problems

14.

Why Are Commercial Loan Rates So Sticky? The Effect of Private Information on Loan Spreads

Number of pages: 52 Posted: 16 May 2019
Koc University, College of Administrative Sciences and Economics, University of Florida - Department of Finance, Insurance and Real Estate and University of Florida - Warrington College of Business Administration
Downloads 4 (604,283)

Abstract:

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bank lending, loan pricing, private information

15.

State Foreclosure Laws and the Incidence of Mortgage Default

Journal of Law and Economics Vol. 57, 2014, pp.225-280
Posted: 02 May 2011 Last Revised: 10 Jul 2014
Cem Demiroglu, Evan Dudley and Christopher M. James
Koc University, College of Administrative Sciences and Economics, Queen's University - Smith School of Business and University of Florida - Department of Finance, Insurance and Real Estate

Abstract:

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Strategic Default, Mortgage Crisis, Foreclosure Process, State Foreclosure Laws

16.

The First Analyst Coverage of Neglected Stocks

Financial Management, Forthcoming
Posted: 12 Mar 2008 Last Revised: 09 Mar 2010
Cem Demiroglu and Michael D. Ryngaert
Koc University, College of Administrative Sciences and Economics and University of Florida - Department of Finance, Insurance and Real Estate

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analyst research, conflict of interest, investment bank, independent research, fee-based research, downward sloping demand curves for stock

Other Papers (5)

Total Downloads: 945    Citations: 42
1.

Lender Control and the Role of Private Equity Group Reputation in Buyout Financing

Number of pages: 45 Posted: 27 Mar 2008
Cem Demiroglu and Christopher M. James
Koc University, College of Administrative Sciences and Economics and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 385
Citation 38

Abstract:

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LBO, financing, covenant, private equity, reputation

2.

Analyst Coverage Initiations on Previously Uncovered Stocks

Number of pages: 40 Posted: 04 Sep 2005
Cem Demiroglu and Michael D. Ryngaert
Koc University, College of Administrative Sciences and Economics and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 265
Citation 2

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Analyst coverage, analyst initiation, neglected firms, uncovered stocks, liquidity hypothesis, underwriting relationship, brokerage firms, fee-based research, affiliated analysts

3.

Credit Market Conditions and the Value of Banking Relationships for Private Firms

Number of pages: 44 Posted: 19 Mar 2009
Koc University, College of Administrative Sciences and Economics, University of Florida - Department of Finance, Insurance and Real Estate and Independent
Downloads 151

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banking relationships, trade credit, soft information, credit rationing, credit channel, IPO, private sellouts

4.

'Bank' Loan Ownership and Troubled Debt Restructurings

Number of pages: 52 Posted: 07 May 2013
Cem Demiroglu and Christopher M. James
Koc University, College of Administrative Sciences and Economics and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 142
Citation 2

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financial distress, troubled debt, debt restructuring, bankruptcy, securitization, institutional loans, holdout problems

5.

Ratings Quality and Borrowing Choice

Number of pages: 47 Posted: 17 May 2016
University of Missouri at Columbia - Department of Finance, Koc University, College of Administrative Sciences and Economics and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 2

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credit ratings, split ratings, conflicts of interest, lemons problem, financial intermediation