FERHAT AKBAS. University of Illinois at Chicago, Phone: (979) University Hall. 21 st floor

Transcription

1 FERHAT AKBAS University of Illinois at Chicago, Phone: (979) University Hall. 21 st floor S. Margan St., Chicago, IL Academic Positions Associate Professor of Finance (with tenure), University of Illinois at Chicago, 2017 present. Assistant Professor of Finance, The University of Kansas, Education Texas A&M University Mays Business School Ph.D. in Finance, 2011 Texas A&M University M.S. in Economics, 2007 Bilkent University, Ankara, TURKEY B.S. in Industrial Engineering, 2003 Research Interests Empirical Asset Pricing, Active Portfolio Management, Liquidity Risk, Market Efficiency, and Short Selling. Publications Smart Money, Dumb Money, and Capital Market Anomalies (with W. Armstrong, S. Sorescu, and A. Subrahmanyam), Journal of Financial Economics, Volume , The Calm Before the Storm, 2016, The Journal of Finance, Volume LXXI , Capital Market Efficiency and Arbitrage Efficacy (with W. Armstrong, S. Sorescu, and A. Subrahmanyam), Journal of Financial and Quantitative Analysis, Volume 51, No. 2, Corporate Directors and Informed Traders (with Felix Meschke and Jide Wintoki), Journal of Accounting and Economics, Volume 62-1, 1-23, 2016 (Lead Article). Akbas, Ferhat, Chao Jiang, and Paul Koch, The Trend in Firm Profitability and the Cross-Section of Stock Returns. The Accounting Review, Vol. 92, No. 5, pp (Lead Article).

2 Akbas, Ferhat, Ekkehart Boehmer, Bilal Erturk, and Sorin Sorescu, Short interest, returns, and fundamentals, Financial Management. Volume 46, Issue2, Pages Akbas, Ferhat, Stanimir Markov, Musa Subasi, and Eric Weisbrod, 2018, Determinants and consequences of information processing delay: Evidence from the Thomson Reuters Institutional Brokers Estimate System, Journal of Financial Economics, Volume 127, Issue 2, Pages Akbas, Ferhat, Chao Jiang, and Paul Koch, Insider Holdings and Stock Returns, The Journal of Finance, Forthcoming. Do Mutual Fund Investors Overweight the Probability of Extreme Payoffs in the Return Distribution? (with Egemen Genc), Journal of Financial and Quantitative Analysis, Forthcoming. Working Papers Do Investors Fully Understand Overnight Returns? (with Paul Koch and Ekkehart Boehmer) Margin Constraints and Multifactor Models (with Lezgin Ay, Chao Jiang, and Paul Koch) Short Selling and Cross-Firm Price Impact (with Ekkehart Boehmer, Egemen Genc) The Time-Varying Liquidity Risk of Value and Growth Stocks (with Ekkehart Boehmer, Egemen Genc, and Ralitsa Petkova) Idiosyncratic Volatility of Liquidity and Expected Stock Returns (with Will J. Armstrong and Ralitsa Petkova) Do Individual Investors Have News Interpretation Ability? (with Musa Subasi) Redacted Information and Asset Prices (with Paul Koch, Kevin Tseng, and Feng Guo) Learning from the Market and Board Connections (with Rebeka Han, Fikret Polat, Musa Subasi) Disagreement Shocks and Market Returns (with Chao Jiang, Paul Koch and Egemen Genc) Work in Progress A Time Series Analysis of Returns to Short Sellers (with Ekkehart Boehmer and Egemen Genc)

3 Teaching University of Illinois at Chicago Investments Spring 2018 Business Investment and Valuations Spring 2018 University of Kansas Principles of Corporate Finance (Undergrad) Spring Business Investment (MBA) Spring Business Financing (MBA) Spring Business Investment and Valuation (MBA) Spring PhD Seminar in Investments Spring 2017 Texas A&M University Instructor, Introductory Econometrics Summer 2006 Instructor, Intermediate Microeconomics Fall 2006 Instructor, Principles of Microeconomics Spring 2007 Coordinator of real time trading project using Bloomberg Database Spring 2009 Coordinator of stock track student hedge fund simulations Spring 2009 Presentations Major Presentations: Presentations at Professional Meetings Short Selling and Cross-Firm Price Impact Financial Management Association (FMA) Annual Meeting, 2015 Southern Finance Association (SFA) Annual Meeting, 2015 The Trend in Firm Profitability and the Cross Section of Stock Returns DePaul University Finance Conference (2015) SFS Cavalcade (2015) ITAM Finance Conference (2015) Smart Money, Dumb Money, and Capital Market Anomalies American Finance Association (AFA) Meeting, Boston, 2015 The Trend in Firm Profitability and the Cross Section of Stock Returns Financial Management Association (FMA) Annual Meeting, Tennessee, 2014 Southern Finance Association (SFA) Annual Meeting, Key West, 2014

4 The Calm Before the Storm Financial Management Association (FMA) Annual Meeting (Top 10 Session), Chicago, 2013 Southern Finance Association (SFA) Annual Meeting, Puerto Rico, 2013 Corporate Directors and Informed Traders Southern Finance Association (SFA) Annual Meeting, Puerto Rico, 2013 Financial Modeling and Capital Markets, The Israel Institute for Advanced Studies (IIAS), The Hebrew University of Jerusalem, Jerusalem, 2014 Capital Market Efficiency and Arbitrage Efficacy American Finance Association (AFA) Meeting, San Diego, 2012 Short interest, returns, and fundamentals Financial Management Association (FMA) Annual Meeting (Top 10 Session), Reno, 2008 Invited Presentations Cubist Systematic Strategies, LLC (2018), University of Toronto (2018), Southern Methodist University, 2017, University of Illinois at Chicago, 2016, Virginia Tech University, 2016 Iowa State University, 2016, The University of Kansas, 2011, Virginia Tech, 2011, Board of Governors, 2011, University of Toronto, 2011, Sabanci University, 2011, Ozyegin University, 2011, Central Bank of Turkey 2011, Bank of Canada Discussions at Professional Meetings 1. Momentum and Comovement, Southern Finance Association, Puerto Rico, Return dispersion and the predictability of stock returns, Financial Management Association Annual Meeting, Chicago, 2013 Reviewer for the following journals: Review of Financial Studies, Journal of Financial and Quantitative Analysis Journal of Banking and Finance, Financial Management, Journal of Financial Research, Journal of Money, Credit and Banking, British Journal of Management

5 Academic Honors and Awards Best MBA Teaching Award (Finance Area) 2016 Guy O. And Rosa Lee Mabry Best Paper Award 2016 GRF Summer Funding, KU School of Business Mays Business School Student Fellowship Mays Business School Finance Department Graduate Assistantship Mays Business School Marketing Department Graduate Assistantship Texas A&M University, Dept. of Economics Graduate Assistantship Bilkent University, Student Fellowship Bilkent University, Honor Student List Ph.D. Advisory Committees Co-Chair: Chao Jiang (Placement: University of South Carolina) Member: Han Yu (Placement: Southern Connecticut State University) Erhan Oruc (Placement: Kocaeli University, Turkey) Oguz Tumturk (Placement: Ordu University, Turkey)