Özyeğin University, Çekmeköy Campus Nişantepe District, Orman Street, 34794 Çekmeköy - İSTANBUL

Phone : +90 (216) 564 90 00

Fax : +90 (216) 564 99 99

E-mail: info@ozyegin.edu.tr

Levent
Güntay

Assistant Proffessor

Research Areas

Research Areas:


Education

PhD
University of Maryland, Robert H. Smith School of Business Major: Finance, Minor: Economics
Graduate
Boğaziçi University, MBA1997
Undergraduate
Boğaziçi University, BS in Electrical and Electronics Engineering


Research

Refereed Publications:

  • “Testing for Systemic Risk using Stock Returns” with Paul Kupiec, Journal of Financial Services Research, 2016, Volume 49 Issue 2-3, 203-227
  • “Inside Debt, Bank Default Risk and Performance During the Crisis” with Rosalind Bennett and Haluk Unal, Journal of Financial Intermediation, 2015, Volume 24, Issue 4, 487-513 (Best paper award semifinalist, Financial Management Association Meetings)
  • “Corporate Bond Credit Spreads and Forecast Dispersion,” with Dirk Hackbarth, Journal of Banking and Finance, 2010, Volume 34, Issue 10, 2328-2345 (Best paper award, Swiss Society for Financial Market Research Conference)
  • “Pricing the Risk of Recovery in Default with APR Violation,” with Dilip Madan and Haluk Unal, Journal of Banking and Finance, 2003, Volume 27, Issue 6, 1001-1025 (Best paper award, Washington Area Finance Conference)

Working Papers:

  • “Proving Approval: Dividend Regulation and Capital Payout Incentives” with Stefan Jacewitz and Jon Pogach (Best paper
  • award semifinalist, Financial Management Association Meetings, 2015) under review at the Review of Financial Studies
  • “A Novel Approach for Implied Recovery Estimation”
  • “Estimation of Implied Recovery and Loss Given Default Rates: A Survey”
  • “Type of Terrorism and Investor Sentiment” with Barış Çağlar
  • “The Valuation of Trust Preferred Securities”
  • “Blockholders, Debt Agency Costs and Legal Protection,” with Andrew Ellul and Ugur Lel (Top 10 download in the Social
  • Science Research Network)
  • “Callable Bonds, Interest-rate Risk and Supply Side of Hedging,” with Nagpurnanand Prabhala and Haluk Unal
  • “Investor Sentiment and the Relative Valuation of Stocks and Corporate Bonds,” with Dirk Hackbarth (Inquire Europe
  • Research Grant)
  • “Pricing Defaultable Callable Coupon Bonds”