Download Curriculum Vitae Dr. Gonul Colak

Curriculum Vitae
Dr. Gonul Colak
August 15, 2013
General Information
University address:
Department of Finance
College of Business
522 Rovetta Building A
Florida State University
Tallahassee, Florida 32306-1110
Phone: 850 645-1521
E-mail address:
[email protected]
Web site:
www.gonulcolak.org
Professional Preparation
2004
Ph.D., University of Iowa, Iowa City, IA. Major: Finance.
2001
M.S., University of Iowa, Iowa City, IA. Major: Economics.
1998
B.S., Bilkent University, Turkey. Major: Electrical and Electronics
Engineering.
Professional Experience
2007–present
Assistant Professor, Finance Department, College of Business, Florida State
University, Tallahassee, FL.
2004–2007
Assistant Professor, FREDS Department, Wichita State University, Wichita,
Kansas.
Current Membership in Professional Organizations
American Finance Association
Financial Management Association
The Society for Financial Studies
Vita for Dr. Gonul Colak
Teaching
Teaching Interests: Corporate Finance, Investments, Futures and Options, Security Analysis.
Courses Taught
Problems in Financial Management (FIN4424)
Problems in Financial Management (FIN5425)
Problems in Financial Management - MBAs (FIN5425-1)
Problems in Financial Management - MSF (FIN5425-2)
Directed Individual Study (Hedging Strategies) (FIN5907)
Advanced Corporate Finance (Directed Individual Study) (FIN4999)
Financial Management II (FIN440)
Futures and Options Markets (FIN622)
Investments (FIN620)
Risk Management with Futures and Options (FIN823)
Financial Management I (FIN340)
Corporate Finance (FIN3300)
Investment Management (FIN3200)
Introductory Financial Management (FIN3000)
Curriculum Development
Member of the committee that helped with the curriculum development of Master of Science in
Finance (MSF) Program (2009)
Member of the committee that developed/redesigned the curriculum for the International
Business majors in Wichita State University (2006)
Doctoral Committee Member
Bliss, B. A., graduate. (2013).
Brisker, E. R., graduate. (2012).
Bachelor's Committee Chair
Jeannine Mazer, student. (2011). IPO Offer Price Preference Across the Globe.
Supervision of Student Research Not Related to Thesis or Dissertation
Gonzalo Barroilhet (May–Aug 2012).
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Vita for Dr. Gonul Colak
Additional Teaching Not Reported Elsewhere
Colak, G. (2013–2012). Raising Capital through IPOs. FSU Law School.
Research and Original Creative Work
My research is concentrated primarily in the areas of empirical corporate finance, theoretical modeling of
corporate events, and methodological issues in finance. More recently, I have been focusing on how
political and macroeconomic uncertainty impact the corporate decision making. My work provides a
unique theoretical and methodological perspective on various corporate issues. I try to incorporate
advanced estimations techniques developed in other fields – such as economics, statistics, and engineering
– into corporate finance problems in a fashion that yields unparalleled insights and predictions. Another
distinguishing aspect of my research is that it incorporates and synthesizes both theoretical and empirical
analyses to create more complete, more rigorous, and more economically meaningful studies.
Program of Research and/or Focus of Original Creative Work
Research Interests: Initial Public Offerings, Corporate Restructurings, Political Uncertainty,
Corporate Event Cycles, Financial Econometrics, S&P 500 Index Firms.
Publications
Refereed Journal Articles
Ang, J., Colak, G., & Zhang, T. W. (submitted). Decoupling by Clienteles and by Time in the
Financial Markets: The Case of Two-Stage Stock-Financed Mergers. Journal of
Corporate Finance. Manuscript submitted for publication, 40 pages.
Colak, G., & Tekatli, N. (submitted). Common Dynamics in Corporate Waves. Journal of
Financial Econometrics. Manuscript submitted for publication, 60 pages.
Autore, D., Brisker, E., Peterson, D., & Colak, G. (submitted). Executive Compensation
Structure and the Motivations for Seasoned Equity Offerings. Journal of Banking and
Finance. Manuscript submitted for publication, 44 pages.
Brisker, E., Colak, G., & Peterson, D. (2013). Changes in Cash Holdings Around the S&P 500
Additions. Journal of Banking and Finance, 37, 1787-1807. Retrieved from
http://www.sciencedirect.com/science/article/pii/S0378426613000460
Colak, G. (2012). IPO Characteristics of Index Firms. Managerial Finance, 38, 1134-1159.
Retrieved from http://www.emeraldinsight.com/journals.htm?articleid=17058443
Boehme, R., & Colak, G. (2012). Primary Market Characteristics and Secondary Market
Frictions of Stocks. Journal of Financial Markets, 15, 286-327. Retrieved from
http://www.sciencedirect.com/science/article/pii/S1386418111000486
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Vita for Dr. Gonul Colak
Colak, G., & Gunay, H. (2011). Strategic Waiting in the IPO Markets. Journal of Corporate
Finance, 17, 555-583. Retrieved from
http://www.sciencedirect.com/science/article/pii/S0929119911000150
Colak, G. (2010). Diversification, Refocusing, and Firm Value. European Financial
Management, 16, 422-448. Retrieved from
http://onlinelibrary.wiley.com/doi/10.1111/j.1468-036X.2008.00472.x/full
Yung, C., Colak, G., & Wang, W. (2008). Cycles in the IPO Market. Journal of Financial
Economics, 89, 192-208. Retrieved from
http://www.sciencedirect.com/science/article/pii/S0304405X08000780
Colak, G., & Whited, T. M. (2007). Spin-offs, Divestitures, and Conglomerate Investment.
Review of Financial Studies, 20, 557-595. Retrieved from
http://rfs.oxfordjournals.org/content/20/3/557.short
Presentations
Refereed Papers at Conferences
Colak, G., Durnev, A., & Qian, Y. (presented 2013, June). Political Uncertainty and IPO
Activity: Evidence from U.S. Gubernatorial Elections. Paper presented at 2013 EFMA,
European Financial Management Association, Reading, UK. (International)
Ang, J., Colak, G., & Zhang, T. W. (presented 2012, June). Decoupling by Clienteles and by
Time in the Financial Markets: The Case of Two-Stage Stock-Financed Mergers. Paper
presented at EFMA Conference, European Financial Management Association,
Barcelona, Spain. (International)
Ang, J., Colak, G., & Zhang, T. W. (presented 2011, October). Decoupling by Clienteles and by
Time in the Financial Markets: The Case of Two-Stage Stock-Financed Mergers. Paper
presented at 2011 FMA Conference, Financial Management Association, Denver,
Colorado. (International)
Colak, G. (presented 2010, October). IPO Characteristics of Index Firms. Paper presented at
FMA Conference in New York, Financial Management Association, New York, NY
USA. (International)
Colak, G., & Tekatli, N. (presented 2010, June). Common Dynamics of Corporate Waves. Paper
presented at 2010 EFMA Conference, European Financial Management Association,
Aarhus, Denmark. (International)
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Vita for Dr. Gonul Colak
Colak, G., & Gunay, H. (presented 2009, October). Strategic Waiting in the IPO Markets. Paper
presented at FMA Conference, Financial Management Association, Reno, Nevada.
(International)
Colak, G., & Gunay, H. (presented 2009, June). Strategic Waiting in the IPO Markets. Paper
presented at FMA European Conference, Financial Management Association Europe,
Turin, Italy. (International)
Boehme, R., & Colak, G. (presented 2008, June). Primary Market Characteristics and
Secondary Market Frictions of Stocks. Paper presented at EFMA Conference, European
Financial Management, Athens, Greece. (International)
Boehme, R., & Colak, G. (presented 2008, June). Primary Market Characteristics and
Secondary Market Frictions of Stocks. Paper presented at FMA European Conference,
Financial Management Association, Prague, Czeck Republic. (International)
Boehme, R., & Colak, G. (presented 2008, May). Primary Market Characteristics and
Secondary Market Frictions of Stocks. Paper presented at Koc Finance Conference, Koc
University, Istanbul, Turkey. (International)
Colak, G., & Hildreth, B. (presented 2007, April). The Preferred Habitats of Holders of
Canadian and U.S. Sub-National Debt. Paper presented at 2007 WSSA Annual
Conference, Western Social Sciences Association, Calgary, Canada. (International)
Yung, C., Colak, G., & Wang, W. (presented 2006, October). Cycles in the IPO Market. Paper
presented at FMA Conference, Financial Management Association, Salt Lake City, UT.
(International)
Colak, G. (presented 2006, June). Diversification, Refocusing, and Firm Value. Paper presented
at Annual European Conference, Financial Management Association, Stockholm,
Sweden. (International)
Colak, G. (presented 2006, June). The Effect of Measurement Error in q on Cash Flow
Sensitivity of Cash. Paper presented at 2006 ICBME Conference, International
Conference on Business Management and Economics, Çeşme, İzmir, Turkey.
(International)
Yung, C., Colak, G., & Wang, W. (presented 2006, June). Cycles in the IPO Market. Paper
presented at FMA European Conference, Financial Management Association, Stockholm,
Sweden. (International)
Nonrefereed Presentations at Symposia
Colak, G. (presented 2012, February). What do we know about the inner functioning of hedge
funds and private equity firms? In Dr.Alec Kercheval (Chair), Fourteenth Annual
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Vita for Dr. Gonul Colak
Financial Mathematics Festival. Presentation at the meeting of Florida State University,
Mathematics Department, Tallahassee, FL. (International)
Invited Lectures and Readings of Original Work
Colak, G. (2013, June). Political Uncertainty and IPO Activity: Evidence from U.S.
Gubernatorial Elections. Delivered at University of Edinburgh, Edinburgh, United
Kingdom. (International)
Colak, G. (2013, March). Political Uncertainty and IPO Activity: Evidence from U.S.
Gubernatorial Elections. Delivered at Florida State University, Tallahassee, FL USA.
(State)
Colak, G. (2013, February). Political Uncertainty and IPO Activity: Evidence from U.S.
Gubernatorial Elections. Delivered at University of Miami, Miami, Florida, USA. (State)
Colak, G. (2011, June). Common Dynamics of Corporate Waves. Delivered at Sabanci
University, Istanbul, Turkey. (International)
Colak, G. (2011, January). Changes in Cash Holdings Around the S&P 500 Additions. Delivered
at University of Central Florida, Orlando, Florida. (State)
Colak, G. (2010, October). Changes in Cash Holdings Around the S&P 500 Additions. Delivered
at Auburn University. (State)
Colak, G. (2009, March). IPO Characteristics of the Index Firms. Delivered at University of
New Orleans. (State)
Colak, G. (2009, February). Strategic Waiting in the IPO Markets. Delivered at Financial Math
Program, Florida State University. (State)
Colak, G. (2009, February). Strategic Waiting in the IPO Markets. Delivered at Georgia State
University. (State)
Colak, G. (2008, November). Strategic Waiting in the IPO Markets. Delivered at University of
Alabama. (State)
Colak, G. (2008, September). Strategic Waiting in the IPO Markets. Delivered at University of
Manitoba. (State)
Colak, G. (2008, March). Primary Market Characteristics and Secondary Market Frictions of
Stocks. Delivered at University of South Florida. (State)
Colak, G. (2007, February). Cycles in the IPO Market. Delivered at SUNY Buffalo. (State)
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Vita for Dr. Gonul Colak
Colak, G. (2007, January). Cycles in the IPO Market. Delivered at Florida State University.
(State)
Colak, G. (2007, January). Cycles in the IPO Market. Delivered at George Mason University.
(State)
Colak, G. (2006, September). Cycles in the IPO Market. Delivered at University of Kansas.
(State)
Colak, G. (2006, February). Cycles in the IPO Market. Delivered at University of Nebraska.
(State)
Colak, G. (2005, April). Diversification, Refocusing, and Firm Value. Delivered at Wichita State
University. (State)
Colak, G. (2004, April). Spin-offs, Divestitures, and Conglomerate Investment. Delivered at
Wichita State University. (State)
Colak, G. (2004, February). Spin-offs, Divestitures, and Conglomerate Investment. Delivered at
York University. (State)
Colak, G. (2004, January). Spin-offs, Divestitures, and Conglomerate Investment. Delivered at
Virginia Tech. (State)
Colak, G. (2003, November). Diversification, Refocusing, and Firm Value. Delivered at
University of Iowa. (State)
Colak, G. (2003, November). Spin-offs, Divestitures, and Conglomerate Investment. Delivered at
University of Iowa. (State)
Contracts and Grants
Contracts and Grants Funded
Colak, G. (2013–2013). Political Uncertainty and the IPO Market. Funded by Florida State
University, College of Business. Total award $12,000.
Colak, G. (2009–2009). The Long-Run Performance of the New Additions to the S&P 500 Index:
Pre- and Post-Inclusion. Funded by Florida State University, College of Business. Total
award $8,000.
Colak, G., & Gunay, H. (2009–2011). Beliefs and Learning in Initial Public Offerings and
Bank-runs. Funded by The Social Sciences and Humanities Research Council of Canada.
Total award $62,500.
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Vita for Dr. Gonul Colak
Colak, G. (2008–2008). Playing the Waiting Game in the IPO Markets. Funded by Council on
Research and Creativity (CRC) Grant, Florida State University. Total award $19,500.
Colak, G. (2006–2006). Co-Movement in Waves. Funded by Wichita State University. Total
award $8,000.
Colak, G. (2005–2005). Hot Issue Market and Time Variation in Adverse Selection. Funded by
Wichita State University. Total award $8,000.
Additional Research or Original Creative Work Not Reported Elsewhere
Colak, G., Durnev, A., & Ilerisoy, M. (2013). Elections and Delayed Stock Return Crashes.
Colak, G., Knill, A., & Syvrud, K. (2013). International IPO Markets and a Foreign IPO Puzzle.
Colak, G., & Nanigian, D. (2013). The 'Curse' of Being Added to the S&P 500 Index.
Colak, G., Knill, A., & Syvrud, K. (2012). IPO Offer Price Preferences Across the Globe. FSU.
Colak, G. (2009). Anatomy of an IPO Cycle.
Colak, G. (2008). The Effect of Measurement Error in q on Cash Flow Sensitivity of Cash.
Colak, G., & Yung, C. (2008). The Information Content of Divestitures.
Colak, G., & Hildreth, B. (2007). The Preferred Habitats of Holders of Canadian and U.S.
Sub-National Debt.
Colak, G. (2005). Does the Errors-in-Variables Model Matter in Estimation of the Determinants
of Capital Structure.
Service
Florida State University
FSU University Service
Member, "Beach Conference" Organization Committee (2009–present).
FSU College Service
Member, College Building Committee (2011–present).
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Vita for Dr. Gonul Colak
The Profession
Guest Reviewer for Refereed Journals
Journal of Financial Markets (2013–present).
Journal of Financial and Quantitative Analysis (2013–present).
Managerial Finance (2012–present).
European Financial Management Journal (2012–present).
Journal of Financial Research (2011–present).
Journal of Banking and Finance (2011–present).
Journal of Corporate Finance (2011–present).
Financial Management (2010–present).
Journal of Financial Economics (2009–present).
Quarterly Journal of Finance and Accounting (2008–present).
Revue Finance (2008–present).
Financial Review (2007–present).
Municipal Finance Journal (2005–present).
Finance Research Letters (2004–present).
Reviewer for Textbooks
Corporate Finance: Linking Theory to What Companies Do 3e (2012).
Judge for an Exhibition
14th Annual Financial Mathematics Conference: Poster Competition. LOVE Building, Florida
State University, Tallahassee, FL: Department of Mathematics, Florida State University
(2012).
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Vita for Dr. Gonul Colak
Service to Professional Associations
Distinguished Tuitor in the EFMA 2013 PhD Seminar, 2013 "MERTON H. MILLER"
DOCTORAL SEMINAR EFMA Meetings, Reading, UK, European Financial
Management Association (2013).
Paper Reviewer, In the Organization Committee, helped select papers to be presented, Financial
Management Association (2012).
Service to Other Universities
International Business Major Curriculum Preparation Committee Member, Wichita State
University (2006).
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