Veljko Fotak

School of Management, University at Buffalo (SUNY)

Associate Professor

School of Management, University at Buffalo

236 Jacobs Management Center

Buffalo, NY 14260

United States

Sovereign Investment Lab, Baffi Carefin, Bocconi University

Via Roentgen 1

Milan

Italy

SCHOLARLY PAPERS

18

DOWNLOADS
Rank 3,791

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Top 3,791

in Total Papers Downloads

11,225

SSRN CITATIONS
Rank 16,068

SSRN RANKINGS

Top 16,068

in Total Papers Citations

38

CROSSREF CITATIONS

26

Scholarly Papers (18)

1.

The Sovereign Wealth Fund Discount: Evidence from Public Equity Investments

Baffi Center Research Paper No. 2013-140, FEEM Working Paper No. 22.2009
Number of pages: 57 Posted: 09 Sep 2013 Last Revised: 11 Apr 2015
Bocconi University, School of Management, University at Buffalo (SUNY) and University of Oklahoma
Downloads 5,081 (1,699)
Citation 21

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Sovereign wealth funds, International financial markets, Government policy and regulation

2.

FDI Perspectives: Issues in International Investment

FDI PERSPECTIVES: ISSUES IN INTERNATIONAL INVESTMENT, K. Sauvant, L. Sachs, K. Davies, R. Zandvliet, eds., Vale Columbia Center, 2011
Number of pages: 122 Posted: 23 Jan 2012 Last Revised: 20 Aug 2018
Columbia University - Columbia Center on Sustainable Investment, Columbia University - Columbia Center on Sustainable Investment, Columbia University, Grotius Centre for International Legal Studies, Leiden Law School, Peter G. Peterson Institute for International Economics, Independent, Washington University in St. Louis - Department of Political Science, Duke University, Political Science, University of Michigan Law School, Autonomous University of Madrid, Independent, WU, Vienna University of Economics and BA, Vienna University of Economics and Business Administration, East-West Center, Drylands Research, United Nations, Independent, Berlin School of Economics and Law, University of Hamburg, Law School, University of Melbourne - Law School, Investment Division, OECD, Organization for Economic Co-Operation and Development (OECD) - Investment Division, School of Management, University at Buffalo (SUNY), University of Oklahoma, affiliation not provided to SSRN, affiliation not provided to SSRN, Independent, Heenan Blaikie LLP, McGill University - Faculty of Law, USC Gould School of Law, Boston University, University College London, American University - Washington College of Law, Columbia University - Law School, Milbank, Tweed, Hadley & McCloy, Washburn University - School of Law, affiliation not provided to SSRN, York University - Osgoode Hall Law School and Independent
Downloads 1,606 (11,944)

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International investment treaties and arbitration, national investment policies, emerging market investors

3.

The Impact of Blog Recommendations on Security Prices and Trading Volumes

Number of pages: 42 Posted: 05 Mar 2008
Veljko Fotak
School of Management, University at Buffalo (SUNY)
Downloads 642 (45,509)
Citation 5

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analyst recommendation, market reaction, blogs, event study

Rise of the Fiduciary State: A Survey of Sovereign Wealth Fund Research

Number of pages: 70 Posted: 05 May 2014
William L. Megginson and Veljko Fotak
University of Oklahoma and School of Management, University at Buffalo (SUNY)
Downloads 626 (46,513)
Citation 9

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Sovereign wealth funds, International financial markets, Government policy and regulation

Rise of the Fiduciary State: A Survey of Sovereign Wealth Fund Research

Journal of Economic Surveys, Vol. 29, Issue 4, pp. 733-778, 2015
Number of pages: 46 Posted: 19 Aug 2015
William L. Megginson and Veljko Fotak
University of Oklahoma and School of Management, University at Buffalo (SUNY)
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Government policy and regulation, International financial markets, Sovereign wealth funds

5.

Government Equity Investments in Coronavirus Bailouts: Why, How, When?

Number of pages: 36 Posted: 26 Mar 2020 Last Revised: 14 Apr 2020
William L. Megginson and Veljko Fotak
University of Oklahoma and School of Management, University at Buffalo (SUNY)
Downloads 564 (53,850)
Citation 7

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Bailouts; Equity capital injections; Preferred stock & warrants; Central bank policies; Fiscal & stabilization policies; TARP; Transportation & hospitality industries; Corporate governance

6.

The Rise of Sovereign Wealth Funds: Definition, Organization, and Governance

Baffi Center Research Paper No. 2014-163
Number of pages: 26 Posted: 17 Dec 2014
Bocconi University, School of Management, University at Buffalo (SUNY) and University of Oklahoma
Downloads 564 (53,850)
Citation 3

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Sovereign wealth funds, International financial markets, Government policy and regulation

7.

Government Ownership and the Cost of Debt: Evidence from Government Investments in Publicly Traded Firms

Paolo Baffi Centre Research Paper No. 2012-112
Number of pages: 52 Posted: 27 Apr 2012 Last Revised: 23 Sep 2013
Iowa State University - Department of Finance, School of Management, University at Buffalo (SUNY), University of Missouri - Trulaske College of Business and University of Oklahoma
Downloads 484 (65,175)
Citation 20

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Privatization, Government Ownership, Bonds, Cost of Debt

8.

A Financial Force to Be Reckoned with? An Overview of Sovereign Wealth Funds

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 476/2016
Number of pages: 54 Posted: 04 Sep 2016
Veljko Fotak, Xuechen Gao and William L. Megginson
School of Management, University at Buffalo (SUNY), University of Oklahoma - Michael F. Price College of Business and University of Oklahoma
Downloads 318 (106,812)

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Sovereign wealth funds, International financial markets, Government policy and regulation

9.

Crash Risk and Seasoned Equity Offerings

Number of pages: 51 Posted: 06 Oct 2015 Last Revised: 06 Dec 2018
Rodney D Boehme, Veljko Fotak and Anthony D. May
Wichita State University - Department of Finance, Real Estate & Decision Sciences (FREDS), School of Management, University at Buffalo (SUNY) and Wichita State University - W. Frank Barton School of Business
Downloads 273 (125,184)

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seasoned equity offering, crash risk, tail risk

10.

A BIT of Investor Protection: How Bilateral Investment Treaties Impact the Terms of Syndicated Loans

29th Australasian Finance and Banking Conference 2016
Number of pages: 65 Posted: 17 Feb 2015 Last Revised: 14 Jan 2017
Veljko Fotak, Haekwon Lee and William L. Megginson
School of Management, University at Buffalo (SUNY), The University of Sydney and University of Oklahoma
Downloads 205 (165,667)

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Property rights, political risk, government expropriation, syndicated loans

11.

Innovation at State-Owned Enterprises

BAFFI CAREFIN Centre Research Paper No. 2018-72
Number of pages: 73 Posted: 28 Mar 2018 Last Revised: 24 Sep 2019
Bernardo Bortolotti, Veljko Fotak and Brian Wolfe
Bocconi University, School of Management, University at Buffalo (SUNY) and University of Texas at San Antonio
Downloads 189 (178,657)
Citation 2

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innovation, state ownership

12.

Trust and Debt Contracting: Evidence from the Backdating Scandal

Number of pages: 56 Posted: 03 Jul 2016 Last Revised: 14 Feb 2020
Veljko Fotak, Feng Jiang, Haekwon Lee and Erik Lie
School of Management, University at Buffalo (SUNY), University at Buffalo - School of Management, The University of Sydney and University of Iowa - Henry B. Tippie College of Business
Downloads 170 (196,052)

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Corporate culture; Cost of debt; Option backdating; Trust

Why Do Governments Lend? Evidence from the Corporate Loan Market

Paolo Baffi Centre Research Paper No. 2012-111
Number of pages: 46 Posted: 08 Feb 2012
Veljko Fotak
School of Management, University at Buffalo (SUNY)
Downloads 84 (332,013)

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State ownership, Syndicated Loans, State-Owned Banks

Why Do Governments Lend? Evidence from the Corporate Loan Market

Asian Finance Association (AsianFA) 2014 Conference Paper
Number of pages: 45 Posted: 16 Feb 2014
Veljko Fotak
School of Management, University at Buffalo (SUNY)
Downloads 44 (462,387)

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State ownership, Syndicated Loans, State-Owned Banks

14.

FDI Perspectives: Issues in International Investment, 2nd Edition

K. Sauvant and J. Reimer, eds., New York: Vale Columbia Center on Sustainable International Investment, 2012
Number of pages: 282 Posted: 16 Aug 2018 Last Revised: 11 Nov 2018
Karl P. Sauvant, Jennifer Reimer, Todd Allee, Ilan Alon, Alice H. Amsden, Tadahiro Asami, Reuven S. Avi-Yonah, Paul Barbour, Christian Bellak, Axel Berger, Sjoerd Beugelsdijk, Subrata Bhattacharjee, Harry G. Broadman, Elizabeth Broomfield, Gert Bruche, Matthias Busse, John A. Cantwell, Aleh Cherp, Lorenzo Cotula, Nandita Dasgupta, Kenneth Davies, Alexandre de Gramont, Armand Claude de Mestral, Kabir Duggal, Persephone Economou, John Evans, David N. Fagan, Mark Feldman, Hermann Ferré, Daniel M. Firger, Veljko Fotak, Susan D. Franck, Kevin P. Gallagher, Nilgun Gokgur, Kathryn Gordon, Jose Guimon, Thilo Hanemann, Torfinn Harding, Jean-François Hennart, Seev Hirsch, Wing (Xiaoying) Huo, Beata Smarzynska Javorcik, Nathan M. Jensen, Lise Johnson, Thomas Jost, George Kahale III, Kalman Kalotay, Laza Kekic, John M. Kline, Charles Kovacs, Jürgen Kurtz, Jo En Low, Miguel Pérez Ludeña, Edmund J. Malesky, Geraldine McAllister, William L. Megginson, Sophie Meunier-Aitsahalia, Michael Mortimore, Joel Moser, Michael D. Nolan, Peter Nunnenkamp, Terutomo Ozawa, Clint Peinhardt, Nicolás M. Perrone, Luke Eric Peterson, Mark Plotkin, Joachim Pohl, Lauge N. Skovgaard Poulsen, Carlos Razo, Daniel Rosen, Martin Roy, Giorgio Sacerdoti, Premila Nazareth Satyanand, Manfred Schekulin, Stephan W. Schill, Francisco Colman Sercovich, Arjen HL Slangen, Roger Smeets, Hans Smit, M. Sornarajah, Frederic G. Sourgens, Jonathan Strauss, Kenneth P. Thomas, Margo Thomas, Perrine Toledano, Julien Topal, Anne van Aaken, Gus Van Harten, Daniel Villar, Sandy Walker, Mira Wilkins, Jason W. Yackee and Chen Zhao
Columbia University - Columbia Center on Sustainable Investment, Independent, Independent, University of Agder - School of Management, Massachusetts Institute of Technology (MIT), Independent, University of Michigan Law School, Independent, WU, Vienna University of Economics and BA, Deutsches Institut für Entwicklungspolitik (DIE) - German Development Institute (DIE), University of Groningen, Heenan Blaikie LLP, World Bank - Europe and Central Asia Region, Cleary Gottlieb Steen & Hamilton LLP, Berlin School of Economics and Law, Ruhr-University Bochum, Rutgers Business School - Newark and New Brunswick, Central European University, Independent, Independent, Columbia University, Independent, McGill University - Faculty of Law, Independent, World Bank Group, Independent, Independent, Peking University School of Transnational Law, Independent, Columbia Center for Climate Change Law, School of Management, University at Buffalo (SUNY), American University - Washington College of Law, Boston University, Independent, Investment Division, OECD, Autonomous University of Madrid, Independent, University of Oxford, Tilburg University - Tilburg University School of Economics and Management, Tel Aviv University - Faculty of Management, Independent, University of Oxford - Department of Economics, Washington University in St. Louis - Department of Political Science, Columbia Center on Sustainable Investment, University of Applied Sciences Aschaffenburg, Independent, United Nations Conference on Trade and Development (UNCTAD), Independent, Independent, Independent, University of Melbourne - Law School, Independent, Independent, Duke University, Political Science, Columbia University, University of Oklahoma, Princeton University - Woodrow Wilson School of Public and International Affairs, Independent, Independent, Milbank, Tweed, Hadley & McCloy, University of Kiel, East-West Center, University of Texas at Dallas, Universidad Andrés Bello, Independent, Independent, Organization for Economic Co-Operation and Development (OECD) - Investment Division, University College London, United Nations, Independent, World Trade Organization (WTO) - Trade in Services Division, Bocconi University - Department of Law, Independent, Government of the Republic of Austria - Federal Ministry of Economics and Labour, University of Amsterdam, Independent, University of Amsterdam Business School, Rutgers, The State University of New Jersey - Management & Global Business, Columbia University - Law School, National University of Singapore - Faculty of Law, Washburn University - School of Law, Independent, University of Missouri at Saint Louis, Independent, Columbia University - Vale Columbia Center on Sustainable International Investment, European University Institute - Department of Political and Social Sciences (SPS), University of Hamburg, Law School, York University - Osgoode Hall Law School, Columbia Business School - Economics Department, Independent, Florida International University (FIU) - Department of Economics, University of Wisconsin Law School and Independent
Downloads 118 (265,880)
Citation 2

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15.

Sovereign Wealth Funds and the COVID-19 shock: Economic and Financial Resilience in Resource-Rich Countries

BAFFI CAREFIN Centre Research Paper No. 2020-147
Number of pages: 29 Posted: 04 Aug 2020
Bernardo Bortolotti and Veljko Fotak
Bocconi University and School of Management, University at Buffalo (SUNY)
Downloads 94 (308,867)

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Sovereign wealth fund, state ownership

16.

Taming Leviathan: Mitigating Political Interference in Sovereign Wealth Funds’ Public Equity Investments

BAFFI CAREFIN Centre Research Paper No. 2017-64
Number of pages: 52 Posted: 16 Dec 2017 Last Revised: 20 Dec 2017
Bernardo Bortolotti, Veljko Fotak and Giacomo Loss
Bocconi University, School of Management, University at Buffalo (SUNY) and Bocconi University - Baffi Carefin Centre
Downloads 89 (317,452)

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Sovereign Wealth Fund, State Ownership

Public-Private Co-Lending: Evidence from Syndicated Corporate Loans

Journal of Banking and Finance, Forthcoming
Number of pages: 57 Posted: 25 Jul 2016 Last Revised: 20 Jul 2020
Veljko Fotak and Haekwon Lee
School of Management, University at Buffalo (SUNY) and The University of Sydney
Downloads 37 (494,508)

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Government-owned banks, Syndicated loans

A Spark from the Public Sector: Co-Lending by Government-Owned and Private-Sector Lenders

BAFFI CAREFIN Centre Research Paper No. 2016-24
Number of pages: 61 Posted: 26 Jul 2016
Veljko Fotak
School of Management, University at Buffalo (SUNY)
Downloads 37 (494,508)

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Government-owned banks, Syndicated loans

18.

Fails-to-Deliver, Short Selling, and Market Quality

Journal of Financial Economics (JFE), Vol. 114, No. 3, 493-516
Posted: 19 Mar 2010 Last Revised: 12 Dec 2014
Veljko Fotak, Vikas Raman and Pradeep K. Yadav
School of Management, University at Buffalo (SUNY), Lancaster University - Department of Accounting and Finance and University of Oklahoma Price College of Business

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Naked short selling, Short selling, Failure to deliver