MURAT BINAY

Assistant Professor of Financial Management

murat.binay@cgu.edu  personal homepage

Corporate Finance, Investments, Institutional Investors

Current Research Interests

Initial Public Offerings, Payout Policy, Performance Evaluation, Corporate Governance

Professional ActivitiesProfessor Binay was formerly on the faculties of Case Western Reserve University and Koc University where he taught courses in corporate finance, investments, financial institutions, and derivatives. He helped develop the finance department at Koc University.  He was actively involved in the recruiting and curriculum development efforts, organized seminars and conferences, supervised graduate theses, and served in the Turkish Education Foundation scholarship selection committee.  Professor Binay is a member of the American Finance Association, Western Finance Association, and Financial Management Association.  He presents his research at national and international conferences and is a member of the program committee and organizes sessions in his research area.

Recent Research and Publications

• "How Important is Relationship for Underwriters and Institutional Investors" with Christo Pirinsky
• "Performance Attribution of U.S. Institutional Investors"
• "Do Dividend Clienteles Exist?  Institutional Investor Reaction to Dividend Events"
• "Morningstar Star Assessment of Institutional Investment Performance: A Comparison of the Original and New Methodologies"
• "Impact of Index Additions and Deletions on the Istanbul Stock Exchange" with Belma Ozturkkal