Welcome…
Şenay Ağca Associate Professor of
Finance Department of Finance George Washington
University Funger Hall 505 Washington, DC 20052 Ph: (202) 994-9209 Fax: (202) 994-5014 Email: sagca@gwu.edu
Research:
Publications:
Ağca, Ş. and S. Islam.
“Can Collateralized Debt Obligations Equity Be Short on
Correlation?” Journal of
Alternative Investments, forthcoming.
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.
Working Papers:
“How Does
Public External Debt Affect Corporate Borrowing Costs in Emerging Markets?”
(with Oya Celasun)
“Credit Market Reforms and Corporate Borrowing: International Evidence” (with Gianni DeNicolo and Enrica Detragiache)
“Investment-Cash
Flow Sensitivity: Myth or Reality?” (with Abon Mozumdar)
“Financing
Choices Constrained by the Amount of Debt Firms Can Support” (with
Abon Mozumdar)
“The
Reach of Corporate Governance Beyond the Grave: Impact on Recoveries on
Defaulted Debt” (with Meghana Ayyagari, Mark Carey, and Ugur Lel)
Teaching:
Money and Capital Markets, Fixed Income Security Valuation, International
Finance, Computer Based Financial Analysis.