Oğuzhan Özbaş
Professor
oguzhan.ozbas@bilkent.edu.tr | HomePage
Academic Specialization: Finance
Research interests: Corporate Finance, Internal Capital Markets, Economic Theory of Organizations, Corporate Governance
Dr. Ozbas received his PhD from the Massachusetts Institute of Technology in 2002. His research focuses on corporate finance, corporate investment, internal capital allocation, organizational economics, and corporate governance. His most recent research examines the tradeoffs involved in expanding shareholder rights as well as S.E.C. no-action-letter decisions.
Prior to joining Bilkent, Dr. Ozbas held various academic positions at the University of Southern California, Koç University, and Boğaziçi University. He also served as Deputy Governor at the Central Bank of the Republic of Türkiye. In addition, he worked at the treasury department of Ford Motor Company in Detroit and London.
Selected Publications :
“Can Shareholder Proposals Hurt Shareholders? Evidence from Securities and Exchange Commission No-Action-Letter Decisions,” with John Matsusaka and Irene Yi, Journal of Law and Economics 64, 107-152 (2021).
“Do Physiological and Spiritual Factors Affect Economic Decisions?” with Cem Demiroglu, Rui Silva and Fatih Ulu, Journal of Finance 76, 2481-2523 (2021).
“Opportunistic Proposals by Union Shareholders,” with John Matsusaka and Irene Yi, Review of Financial Studies 32, 3215-3265 (2019).
“A Theory of Shareholder Approval and Proposal Rights,” with John Matsusaka, Journal of Law, Economics, and Organization 33, 377-411 (2017).
“Corporate Diversification and the Cost of Capital,” with Rebecca Hann and Maria Ogneva, Journal of Finance 68, 1961-1999 (2013).
“Costly External Finance, Corporate Investment, and the Subprime Mortgage Credit Crisis,” with Ran Duchin and Berk Sensoy, Journal of Financial Economics 97, 418-435 (2010).
“When Are Outside Directors Effective?” with Ran Duchin and John Matsusaka, Journal of Financial Economics 96, 195-214 (2010).
“Integration, Organizational Processes, and Allocation of Resources,” Journal of Financial Economics 75, 201-242 (2005).
