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- Publications
- Influence
Costly external finance, corporate investment, and the subprime mortgage credit crisis
- R. Duchin, Oguzhan Ozbas, B. Sensoy
- Economics
- 1 September 2010
We study the effect of the recent financial crisis on corporate investment. The crisis represents an unexplored negative shock to the supply of external finance for non-financial firms. Corporate… Expand
When Are Outside Directors Effective?
- R. Duchin, John G. Matsusaka, Oguzhan Ozbas
- Business
- 28 September 2009
This paper uses recent regulations that have required some companies to increase the number of outside directors on their boards to generate estimates of the effect of board independence on… Expand
Market Segmentation and Cross-Predictability of Returns
- Lior Menzly, Oguzhan Ozbas
- Business
- 1 August 2010
We present evidence supporting the hypothesis that due to investor specialization and market segmentation, value-relevant information diffuses gradually in financial markets. Using the stock market… Expand
Evidence on the Dark Side of Internal Capital Markets
- Oguzhan Ozbas, David S. Scharfstein
- Economics
- 1 February 2010
This article documents differences between the Q-sensitivity of investment of stand-alone firms and unrelated segments of conglomerate firms. Unrelated segments exhibit lower Q-sensitivity of… Expand
Corporate Diversification and the Cost of Capital
- R. Hann, M. Ogneva, Oguzhan Ozbas
- Economics
- 24 October 2012
We examine whether organizational form matters for a firm's cost of capital. Contrary to conventional view, we argue that coinsurance among a firm's business units can reduce systematic risk through… Expand
Club Deals in Leveraged Buyouts
- M. S. Officer, Oguzhan Ozbas, B. Sensoy
- Economics
- 26 August 2009
We analyze the pricing and characteristics of club deal leveraged buyouts (LBOs)--those in which two or more private equity partnerships jointly conduct an LBO. Using a comprehensive sample of… Expand
Integration, Organizational Processes and Allocation of Resources
- Oguzhan Ozbas
- Economics, Business
- 1 January 2005
Does the level of integration of a firm affect the quality of information available to its top decision makers responsible for allocating resources? Motivated by the pervasiveness of specific… Expand
Cross-Industry Momentum
- Lior Menzly, Oguzhan Ozbas
- Business
- 1 February 2006
This paper documents a strong cross-momentum effect among industries that are related to each other along the supply chain. Specifically, trading strategies that buy and sell industries based on… Expand
Corporate Diversification and the Cost of Capital: Corporate Diversification and the Cost of Capital
- R. Hann, M. Ogneva, Oguzhan Ozbas
- Economics
- 1 October 2013
Opportunistic Proposals by Union Shareholders
- John G. Matsusaka, Oguzhan Ozbas, I. Yi
- Business
- 1 July 2018
Corporate governance reformers hope that giving shareholders more voting rights will improve firm performance, but critics argue that some shareholders, such as labor unions and public pensions, will… Expand