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Deniz Yavuz

Deniz Yavuz

Hanna Rising Star Associate Professor of Management
Finance

Education

Yale School of Management (Ph.D.) 2002-2007
Yale School of Management (MBA) 2000-2002
Bogazici University Institute of Social Sciences (MA in Management) 1995-1997
Bogazici University (B.S. in Industrial Engineering) 1991-1995

CV

Yavuz is the founding director of Purdue Fintech Center. He has 5 years of work experience in corporate banking and project finance. He also worked as a consultant to multinational organizations, investment banks and corporations. His research papers are published at top journals in Finance, Strategy, Management and Accounting. His research is covered by media outlets such as Bloomberg and Institutional Investor.  Yavuz regularly receives Distinguished Teacher Award. He has also received several research grants and awards; Institute for Quantitative Investment Research (INQUIRE) Europe Grant, John and Marry Willis Young Faculty Scholar Award, CIBER Faculty International Research Grant, Purdue Research Foundation (PRF) Research Grant, Blake Family Fund for Ethics, Governance and Leadership Research Grant. Yavuz was at Washington University in St Louis and Arizona State University before joining Purdue.

Journal Articles

  • Noah Stoffman, Michael Woeppel, M. Deniz Yavuz (2022). "Small Innovators: No Risk, No Return." Journal of Accounting and Economics 63. | Related Website |
  • Faccio, M., Morck, R. and Yavuz, M. D., (2021). "Business Groups and the Incorporation of Firm-specific Shocks into Stock Prices." Journal of Financial Economics vol. 139 (3), 852-871. | Download |
  • Ozmel, U., Yavuz, M.D., Gulati, R. and Trombley, T. (2020). "The Effect of Inter-firm Ties on Performance in Financial Markets." Organization Science vol. 31 (3), 698-719. | Related Website |
  • Basak, S., Chabakauri, G., and Yavuz, M.D. (2019). "Investor Protection and Asset Prices." Review of Financial Studies vol. 32 (12), 4905–4946. | Related Website |
  • Morck, R., Yavuz, M.D., and Yeung, B. (2019). "State-run Banks, Money Growth, and the Real Economy." Management Science vol. 65 (12), 3914-5932. | Download Download |
  • Ozmel, U., Trombley, T., and Yavuz, M.D. (2019). "Outside Insiders: Does Access to Information Prior to an IPO Generate a Trading Advantage After the IPO?" Journal of Financial and Quantitative Analysis | Download |
  • Ozmel, U., Yavuz, D., Reuer, J.J. and Zenger, T. (2017). "Network prominence, bargaining power, and the allocation of value capturing rights in high-tech alliance contracts." Organization Science, vol. 28(5) 947-964.. | Download |
  • Conrad J., and Yavuz, M.D., 2017. (2017). "Momentum and Reversals: Does What Goes up Always Comes Down?" Review of Finance (21 (2)), 555-581. | Download |
  • R. Marquez, V. Nanda and M.D. Yavuz (2015). "Private Equity Fund Returns and Performance Persistence." Review of Finance vol. 19 (5) 1783-1823.. | Download |
  • Ozsoylev H., Walden, J., Yavuz, M.D, Bildik R. (2014). "Investor Networks in the Stock Market." Review of Financial Studies vol. 27(5) 1323-1366. | Download |
  • Wahal, Sunil and Yavuz, M Deniz (2013). "Style Investing, Comovement and Return Predictability." Journal of Financial Economics 107 (1), pg. 136-154. | Download |
  • Marquez, Robert and Yavuz, M. Deniz (2013). "Specialization, Productivity and Financing Constraints." Review of Financial Studies vol. 26 (11) 2961-2984. | Download |
  • Randall Morck, M. Deniz Yavuz, Bernard Yeung (2011). "Bank Control, Capital Allocation, and Economic Performance." Journal of Financial Economics vol. 100 (2), 264-283. | Download |

Forthcoming Publications

  • Amit Goyal, Sunil Wahal, M. Deniz Yavuz (2023). "Choosing Investment Managers." Journal of Financial and Quantitative Analysis | Related Website |
  • Robert Marquez, Than Nguyen, M. Deniz Yavuz (2023). "Financing Innovative Activity and the Endogeneity of Patenting." Management Science | Related Website |

  • Small Innovators

    Deniz Yavuz discusses resent research on Small Innovators

  • Briefcase

    Outside Insiders

    Does access to information prior to an initial public offering (IPO) generate a trading advantage after the IPO? That's the question posed by researchers from Purdue University’s Krannert School of Management, who find that the information obtained by non-insider institutions through their connections prior to the IPO may remain valuable after the IPO.

    Full story: Outside Insiders

  • Stock exchange

    Bill Ackman Wants Your Money: Bad block trades, index funds and Ozempic

    In 2014, Bill Ackman launched a new fund, Pershing Square Holdings (PSH).4 PSH is not a traditional hedge fund: It is a publicly traded closed-end fund. Investors could put money into PSH — they could buy shares of the fund from PSH — but they can’t take money out; if they want their money back they have to sell shares on the stock exchange.

    Full story: Bill Ackman Wants Your Money: Bad block trades, index funds and Ozempic

  • Grumblers about passive investing may have a point
    New research from Deniz Yavuz, Hanna Rising Star Associate Professor of Management at Purdue's Daniels School of Business, bolsters the view that passive investing is undermining the efficient markets hypothesis.
  • No way to select an investment manager. Photographer: LILLIAN SUWANRUMPHA/AFP/Getty Images
    There's an Ugly Side to Investment Beauty Contests
    A new paper from the Swiss Finance Institute by Amit Goyal of the University of Lausanne, Sunil Wahal of Arizona State University and M. Deniz Yavuz of Purdue University, called Choosing Investment Managers, looks at how the outcome of these beauty contests is affected by prior personal connections.
  • Steve Martin and Michael Caine as Those Pension Fund Consultants Orion Pictures Corp/Courtesy Everett Collection
    Opinion: Pension fund parasites exposed
    Investment managers hired by pension funds, endowments, foundations, and sovereign-wealth funds are actually likely to perform worse than their competitors by nearly a full percentage point a year over the next three years, according to a new study conducted by Amit Goyal of the University of Lausanne, Sunil Wahal of Arizona State University and M. Deniz Yavuz of Purdue University.

Distinguished Teacher

Institute for Quantitative Investment Research (INQUIRE) Europe Award

Distinguished Teacher

Excellence in Undergraduate Teaching

voted by students

Krannert Faculty Fellow Award

Blake Family Fund for Ethics, Governance and Leadership Research Award

Distinguished Teacher

Excellence in Undergraduate Teaching

voted by students

Impact Award: Doctoral Leadership

Purdue Research Foundation (PRF) Research Grant

Distinguished Teacher

Distinguished Teacher

Distinguished Teacher

Distinguished Teacher

Distinguished Teacher

CIBER Faculty International Research Award

Distinguished Teacher

John and Marry Willis Young Faculty Scholar Award

Distinguished Teacher

Contact

myavuz@purdue.edu
Phone: (765) 494-1337
Office: KRAN 436

Quick links

SSRN Page

Area(s) of Expertise

Asset Management, Capital Markets, Corporate Finance, Corporate Governance, Digital Economy, Emerging Markets, Entrepreneurship, Family-Owned Business, Federal Reserve, Finance, Financial Economics, Financial Institutions/Banking, Financial Markets, Fintech, Innovation, Monetary Policy, Networks, Pension Funds, Private Equity, Stock Market, Venture Capital