Huseyin Gulen

Journal Articles

• Stefano Cassella, Benjamin Golez, Huseyin Gulen, and Peter Kelly (2022). Horizon Bias and the Term Structure of Equity Returns. Review of Financial Studies, | Related Website |
• Emel Filiz-Ozbay, Huseyin Gulen, Yusufcan Masatlioglu, and Emre Ozbay (2022). Comparing Ambiguous Urns with Different Sizes. Journal of Economic Theory, vol. 199 | Related Website |
• Cassella, S., and H. Gulen (2018). Extrapolation Bias and the Predictability of Stock Returns by Price-Scaled Variables. Review of Financial Studies, | Related Website |
• Bonaime, A., H. Gulen, and M. Ion (2018). Does policy uncertainty affect mergers and acquisitions?. Journal of Financial Economics, 531-558. | Related Website |
• Gulen, H. and W. O'Brien (2017). Option Repricing, Corporate Governance, and the Effect of Shareholder Empowerment. Journal of Financial Economics, vol. 125 839-415. | Related Website |
• Gulen H. and M. Ion (2016). Policy Uncertainty and Corporate Investment. Review of Financial Studies, | Related Website |
• Oh, Y. K., H. Gulen, H, J. Kim, and W. Robinson (2016). Do stock prices undervalue investment in advertising?. Marketing Letters, | Related Website |
• Gulen, H., Y. Xing., L. Zhang (2011). Value versus growth: Time-varying expected stock returns. Financial Management, 381-407.
• Cooper, M., H. Gulen, and A. Ovtchinnikov (2010). Corporate Political Contributions and Stock Returns. Journal of Finance, 687-724.
• Cooper, M., H. Gulen, and M. Schill (2009). The Asset Growth Effect in Stock Returns. Journal of Investment Management, 1-15.
• Cooper M, H. Gulen, and M. Schill (2008). Asset Growth and the Cross-Section of Stock Returns. Journal of Finance, 1609-1652.
• Bris A., H. Gulen, P. Kadiyala, and R. Rau (2007). Good Stewards, Cheap Talkers, or Family men? The Impact of Mutual Fund Closures on Fund Managers, Flows, Fees, and Performance. Review of Financial Studies, vol. 3 (20), 953-982.
• Cooper M., and H. Gulen (2006). Is Time-Series-Based Predictability Evident in Real Time?. Journal of Business, vol. 3 (79), 1263-1292.
• Cooper M., H. Gulen, and R. Rau (2005). Changing Names with Style: Mutual Fund Name Changes and Their Effects on Fund Flows. Journal of Finance, vol. 6 (60), 2825-2858.
• Chakravarty S, H. Gulen, and S. Mayhew (2004). Informed Trading in Stock and Options Markets. Journal of Finance, vol. 59 1235-1257.
• Gulen H., and S. Mayhew (2000). Stock index futures trading and volatility in international equity markets. Journal of Futures Markets, vol. 7 (20), 661-685.
• Gulen H., and S. Mayhew (2000). The Dynamics of International Stock Index Returns . Research in Banking and Finance, vol. 1 219-230.

Working Papers

• Michael Cooper, Huseyin Gulen, and Mihai Ion (2022). The Use of Asset Growth in Empirical Asset Pricing Models. | Related Website |
• Adem Atmaz, Stefano Cassella, Huseyin Gulen, and Fangcheng Ruan (2022). Contrarians, Extrapolators, and Stock Market Momentum and Reversal. | Related Website |
• Candace E. Jens, Huseyin Gulen, and Beau Page (2022). Balancing External vs. Internal Validity: An Application of Causal Forest in Finance. | Related Website |
• Stefano Cassella, Zhaojing Chen, Huseyin Gulen, and Ralitsa Petkova (2022). Extrapolators at the Gate: Market-wide Misvaluation and the Value Premium. | Related Website |
• Huseyin Gulen and Brett Myers (2022). The Selective Enforcement of Government Regulation: Battleground States, State Regulators, and the EPA. | Related Website |
• Candace Jens, Huseyin Gulen, and Stefano Rossi. (2022). Credit Market Driven Acquisitions. | Related Website |
• Stefano Cassella, Benjamin Golez, Huseyin Gulen, and Peter Kelly (2022). Motivated Beliefs in Macroeconomic Expectations. | Related Website |
• Huseyin Gulen and Michael Woeppel (2022). Price-Path Convexity, Extrapolation, and Short-Horizon Return Predictability. | Related Website |
• Huseyin Gulen, Dongmei Li, Ryan Peters, and Morad Zekhnini (2022). Intangible Capital in Factor Models. | Related Website |
• Huseyin Gulen, Mihai Ion, and Stefano Rossi (2021). Credit Cycles, Expectations, and Corporate Investment. | Related Website |
• Stefano Cassella, Huseyin Gulen, and Yan Liu (2021). Extracting Extrapolative Beliefs from Market Prices: An Augmented Present-Value Approach. | Related Website |
• Logan Emery and Huseyin Gulen (2020). Expanding Horizons: The Effect of Information Access on Geographically Biased Investing. | Related Website |
• Cassella, S., and H. Gulen (2019). Belief-based Equity Market Sentiment. | Related Website |
• Gulen H., and R. Petkova (2018). Absolute Strength: Exploring Momentum in Stock Returns. | Related Website |

• 

  Where Now?

  If there is one thing certain about U.S. policy in these turbulent times, it is uncertainty. According to research by Huseyin Gulen, a professor of finance at Purdue’s Krannert School of Management, the impact on corporate investment is particularly negative,both from a short- and long-term perspective.

  Full story: Where Now?

• Krannert finance professor comments on why “The Stock Market Works by Day, but It Loves the Night”

  The daytime is for losers. Overnight is when the big money is made in the stock market — not by trading but by getting a good night’s sleep.That’s because of a gap between daytime and overnight returns in the American stock market, according to Krannert finance professor Huseyin Gulen in The New York Times.

  Full story: Krannert finance professor comments on why “The Stock Market Works by Day, but It Loves the Night”

• 
  Krannert professor encourages caution, not panic
  

  The U.S. stock market is off to its worst start to open a year in more than a century. In four days this week, the Dow has plunged five percent and the NASDAQ more than six percent. Even the S&P 500 has shed 4.9 percent.