Ph.D. - Finance
Michigan State University - 2004
Professional Preparation
M.B.A.
Koc University (Turkey) - 1999
Koc University (Turkey) - 1999
B.S. - Industrial Engineering
Bilkent University - 1997
Bilkent University - 1997
Publications
Coskun, A. and U.G. Gurun, Do Hedge Funds Follow Post-Earnings Announcement Drift? Evidence
from Quarterly Holdings, forthcoming at Journal of Derivatives and Hedge Funds. forthcoming - Publication
Booth, G.G., U.G. Gurun, and H. Zhang, Financial Networks and Trading in Emerging Bond
Markets, forthcoming at Journal of Financial Markets. forthcoming - Publication
A. Butler, and U.G. Gurun. Educational Networks, Mutual Fund Voting Patterns, and CEO
Compensation, Review of Financial Studies, August 2012, 25 (8): 2533-2562. 2012 - Publication
Gurun, U.G., and A. Butler. Dont Believe the Hype: Local Media Slant, Local Advertising, and Firm
Value. Journal of Finance, April 2012.
Semifinalist for BEST PAPER in Investments, 2010 Financial Management Association meeting 2012 - Publication
U.G. Gurun, A. Lerman, and J. Ronen, Anticipatory and Implementation Effects of FIN 46 on the
Behavior of Different Market Participants, Asia Pacific Journal of Accounting and Economics, April
2012. 2012 - Publication
Cready, W. M., and U.G. Gurun “Aggregate Market Reaction to Earnings Announcements.” Journal of Accounting Research, 2010, 289-334. 2010 - Publication
[10] Booth, G. Geoffrey and Umit G. Gurun, 2010, Arbitrage Risk and High-Volume Return Premium, in
Handbook of Trading: Strategies for Navigating and Profiting from Currency, Bond, and Stock
Markets edited by Greg N. Gregoriou, McGraw-Hill, NYC, NY May 2010. 2010 - Publication
Ali, A. and U.G. Gurun. Investor sentiment, accruals anomaly, and accruals management, Journal of
Accounting, Auditing and Finance, Summer 2009: 415 - 431. 2009 - Publication
Appointments
Associate Professor
University of Texas at Dallas [2012–Present]
University of Texas at Dallas [2012–Present]
Visiting Assistant Professor
University of Texas at Dallas [2010–2011]
University of Texas at Dallas [2010–2011]
Assistant Professor
University of Texas at Dallas [2004–2009]
University of Texas at Dallas [2004–2009]
Additional Information
Honors and Awards
Research- Semifinalist for Best paper in Investments, 2010 Financial Management Association meeting
- Michigan State University Graduate School Dissertation Completion Fellowship, 2004
- Frederick S. Addy Fellowship, 2002-2003
- Koc University, Valedictorian, 1999
- Koc and Bilkent University, Merit based full scholarship, 1993 - 1999
- Selected to Turkish Mathematics Olympic team’s camps three times, 1990 - 1992
Service
Service on dissertation committees Co-Chair:- Ting He, University of Texas at Dallas, 2012. Initial placement at University of Wisconsin-Parkside
- Ali Coskun, University of Texas at Dallas, 2009. Initial placement at Bogazici University
- Ozer Asdemir (2006); Jiangxia Liu (2006); Mine Ozer(2006); Frank Zhang (2007); Musa Subasi
- (2012); Abdullah Kumas (2013)
News Articles
Prof Studies Effect of Media Biases on Stock Values

Study Examines Social Connections and Impacts of Financial Fraud

A new study from UT Dallas shows the ripple effects of the loss of trust in the investment advisory industry induced by the Madoff fraud.
Madoff persuaded more than 10,000 people to trust him with their investments, falsely promising them consistent high returns. When he was caught in December 2008, the investment world was shocked by how he was able to manipulate the system to create one of the longest-running Ponzi schemes in the world.
Study Explores Impact of Firms' Financial Restatements on Bank Loans

Dr. Rebecca Files and Dr. Umit Gurun, of the Naveen Jindal School of Management at The University of Texas at Dallas, investigated whether restatements by economically related firms also influence the terms of a loan, such as an increased interest rate, for borrowers. Their study was recently published in Contemporary Accounting Research.
Researchers Analyze Deceptive Promotions for Home Loans
Lenders used misleading tactics in advertising home loans during the U.S. subprime mortgage crisis, according to a new study by a UT Dallas professor.Dr. Umit G. Gurun, professor of accounting and finance in the Naveen Jindal School of Management, co-authored “Advertising Expensive Mortgages,” recently published online in the Journal of Finance.
According to the study, borrowers spent on average $7,500 more on a $250,000 mortgage when taking an advertised “low-rate” mortgage, compared to an identical mortgage that was not advertised.