Associate Professor of Finance
George Washington University
Department of Finance
2201 G St NW, Funger Hall 505
Washington, DC 20052
Ph: (202) 994-9209
Fax: (202) 994-5014
Ağca, Ş. and O. Celasun “Sovereign Debt and Corporate Borrowing Costs in Emerging Markets” Journal of International Economics, 2012, 88, 198-208. (Nominated for the Best Paper Award, 2012 FMA Conference and 2011 European FMA Conference).
Ağca, Ş. and O. Celasun. “Banking Sector Reforms and Corporate Borrowing Costs in Emerging Markets” Emerging Markets Finance and Trade, forthcoming.
Ağca, Ş. and S. Islam. “Can Collateralized Debt Obligations Equity Be Short on Correlation?” Journal of Alternative Investments, Spring 2010, 85-96.
Ağca, Ş., D. Agrawal and S. Islam “Implied Correlations: Smiles or Smirks?” Journal of Derivatives, Winter 2008, 7-35.[Lead Article]
Ağca, Ş. and S. Mansi. “Managerial Ownership, Takeover Defenses, and Debt Financing.” Journal of Financial Research, Summer 2008, Vol. 31, 85-112. [Lead Article] [2008 Outstanding Paper Award]
Ağca, Ş. and A. Mozumdar. “The Impact of Capital Market Imperfections on the Investment-Cash Flow Sensitivity.” Journal of Banking and Finance, 2008, 32, 207-216
Ağca, Ş. "The Performance of Minimum M-Square Portfolios." International Journal of Revenue Management, 2007, Vol. 1, No. 4, 327-345.
Ağca, Ş. "The Performance of Alternative Risk Measures and Immunization Strategies under a Heath-Jarrow-Morton Framework." Journal of Financial and Quantitative Analysis, September 2005, Vol. 40, No. 3, 645-669.
Ağca, Ş. and D. M. Chance. "Two Extensions for Fitting Discrete Time Term Structure Models with Normally Distributed Factors." Applied Mathematical Finance, September 2004, Vol. 11, No. 3, 187-205.
Ağca, Ş., and D. M. Chance “Speed and Accuracy Comparison of Bivariate Normal Distribution Approximations for Option Pricing.” Journal of Computational Finance, Summer 2003, Vol. 6, No. 4, pp. 1-96.
Ağca. Ş., B. Ekşioğlu, and J. B. Ghosh. “Lagrangian Solutions of Maximum Dispersion Problems.” Naval Research Logistics, March 2000, Vol. 47, pp. 97-114.
“Fiscal Consolidation and the Cost of Credit: Evidence from Syndicated Loans” (with Deniz Igan)
“Investment-Cash Flow Sensitivity: Fact or Fiction?” (with Abon Mozumdar)
“Banking Sector Reforms and Corporate Debt in Emerging Markets” (with Gianni DeNicolo and Enrica Detragiache)
“Bank Ownership, Proximity to Borrowers and Lending Behavior – Evidence from Syndicated Loans” (with Hein Bogaard and Oya Celasun)
“The Reach of Corporate Governance Beyond the Grave: Impact on Bankruptcy Decisions and Recoveries on Defaulted Debt” (with Meghana Ayyagari, Mark Carey and Ugur Lel)
Fixed Income Security Valuation (Graduate), Topics in Empirical Finance (Ph.D.)