Deniz Yavuz

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 |

Working Papers

• Shrijata Chattopadhyay, John J. McConnell, Timothy E. Trombley, M. Deniz Yavuz (2022). "Transmission of Information from Private to Public Markets." | Related Website |
• Amit Goyal, Sunil Wahal, M. Deniz Yavuz (2022). "Picking Partners: Manager Selection in Private Equity." Swiss Finance Institute Research Paper Series | Related Website |

• Small Innovators

  Deniz Yavuz discusses resent research on Small Innovators

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  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

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  Edward Jones takes advice from Purdue about investing with AI

  While using artificial intelligence may be taboo on many college campuses, the Mitch Daniels School of Business is bringing AI to the forefront of classes. The school's Rich Ryffel and Deniz Yavuz collaborated with Edward Jones to study how integrating AI and the advancement of technology could affect the business.

  Full story: Edward Jones takes advice from Purdue about investing with AI

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  Purdue Expert: How to maximize your pension
  Deniz Yavuz is an associate professor of finance in the Mitch Daniels School of Business at Purdue University. In this video, he explains how someone can best take advantage of their pension plan. Yavuz notes that while pensions are becoming increasingly less popular, there are still millions of people with either public or private pension plans who can benefit from knowing how to maximize the reward of their pension. He further explains that pension plans are unique; it helps to pay attention to individualized figures. Your retirement age and how many years you have worked are two factors that contribute to maximizing the benefits of a pension plan. He also acknowledges the negative effects of inflation on purchasing power, potential risks, and offers ways to minimize the damage.
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  Balancing Tradition with Technology to Provide Better Financial Services
  Fintech students discuss a case study of a financial company known for its personal service but looking to adapt technology to boost business.
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  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.
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  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.
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  Why Private Market Returns May Be Far Greater Than They Seem on Paper
  Research shows private market investors have access to information that gives them a leg-up in the public markets.
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  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.
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  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.

Daniels School of Business Employee Performance Recognition Award

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