Research Interests

Corporate Governance, Ownership and Control, Private Equity, Dynamic Investment Strategies, Corporate Social Responsibility.


  • The Value of Creditor Control in Corporate Bonds (with Edith Hotchkiss and Peter Feldhütter), September 2015. [SSRN]
  •     -- Journal of Financial Economics, forthcoming.

  • Active Ownership (with Elroy Dimson and Xi Li), August 2015. [SSRN]
  •     -- Review of Financial Studies, forthcoming.
        -- Recipient of the Moskowitz Prize for the Best Paper in Socially Responsible Investing, 2012.

  • The Market Value of Corporate Votes: Theory and Evidence from Option Prices (with Avner Kalay and Shagun Pant) [SSRN]
  •     -- Journal of Finance, Volume 69, Issue 3, pages 1235-1271, June 2014.

    Working Papers

  • Staggered Boards and Private Benefits of Control (with Mahdi Mohseni), August 2015. [SSRN]
  • CEO Turnover in LBOs: The Role of Boards (with Francesca Cornelli), April 2015. [SSRN]
  • Mean Reversion Between Different Classes of Shares in Dual-Class Firms: Evidence and Implications, November 2009. [pdf]
  • Are Capital Markets Color-Blind? The Impact of the Homeland Security Alert Level on Capital Markets, August 2007. [SSRN]
  • Work in Progress

  • Dual Role of Earnings in Capital Markets, (with Ümit Gürün).
  • Say on Pay and Control Premium, (with Vladimir Atanasov and Bernard Black).
  • Endogenous Risk Aversion, (with Emre Özdenören).
  • About Me

    Oğuzhan Karakaş

    Curriculum Vitae [pdf]

    SSRN Profile [Link]

    Google Scholar Profile [Link]

    ResearchGate Profile [Link]


    Carroll School of Management
    Fulton Hall 334
    140 Commonwealth Avenue
    Chestnut Hill, MA 02467, USA
    E-mail: oguzhan [dot] karakas [at] bc [dot] edu
    Phone: +1-617-552-1175