Ferhat Akbas
Constantine Mihas Endowed Professor of Finance
Department of Finance
Contact
Building & Room:
UH 2113
Address:
601 S. Morgan St., Chicago, IL 60607
Office Phone:
Email:
CV Link:
Related Sites:
About
Experience
- Professor of Finance, University of Illinois Chicago, 2023 – present.
- Associate Professor of Finance (with tenure), University of Illinois Chicago, 2017 – 2023.
- Assistant Professor of Finance, The University of Kansas, 2011 – 2017.
Classes Taught
- Investments (FIN 310)
- Business Investment and Valuations (FIN 494)
Selected Publications
- Akbas, Ferhat, William Armstrong, Sorin Sorescu, and Avanidhar Subrahmanyam, 2015. Smart Money, Dumb Money, and Capital Market Anomalies. Journal of Financial Economics, Volume 118 -2 211-450.
- Akbas, Ferhat, 2016. The Calm Before the Storm. The Journal of Finance, Volume LXXI-1 225-255.
- Akbas, Ferhat, William Armstrong, Sorin Sorescu, and Avanidhar Subrahmanyam, 2016. Capital Market Efficiency and Arbitrage Efficacy, Journal of Financial and Quantitative Analysis, Volume 51, No. 2.
- Akbas, Ferhat, Felix Meschke, and Jide Wintoki, 2016. Corporate Directors and Informed Traders. Journal of Accounting and Economics, Volume 62-1, 1-23 (Lead Article).
- Akbas, Ferhat, Chao Jiang, and Paul Koch, 2017. The Trend in Firm Profitability and the Cross-Section of Stock Returns. The Accounting Review, Vol. 92, No. 5,
pp. 1–32 (Lead Article). - Akbas, Ferhat, Ekkehart Boehmer, Bilal Erturk, and Sorin Sorescu, 2017. Short interest, returns, and fundamentals. Financial Management. Volume 46, Issue2, Pages 455-486.
- Akbas, Ferhat, Stanimir Markov, Musa Subasi, and Eric Weisbrod, 2018, Determinants and consequences of information processing delay: Evidence from the Thomson Reuters Institutional Brokers’ Estimate System, Journal of Financial Economics, Volume 127, Issue 2, Pages 366-388.
- Akbas, Ferhat, and Egemen Genc, 2020. Do Mutual Fund Investors Overweight the Probability of Extreme Payoffs in the Return Distribution? Journal of Financial and Quantitative Analysis, Volume 55, Issue 1, February 2020, pp. 223-261.
- Akbas, Ferhat, Chao Jiang, and Paul Koch, 2020. Insider Investment Horizon, The Journal of Finance, Volume75, Issue3 June 2020 Pages 1579-1627
Featured on Columbia Law School’s Blog on Corporations and the Capital Markets - Akbas, Ferhat, Boehmer, Ekkehart, Chao Jiang, and Paul Koch, 2022. Overnight returns, daytime reversals, and future stock returns. Journal of Financial Economics, Volume 145, Issue 3, Pages 850-875.
- Akbas, Ferhat, Lezgin Ay, and Paul Koch, 2024. Initial Margin Requirements and Market Efficiency. Journal of Financial and Quantitative Analysis Volume 59, Issue 1, pp. 249 – 282
Education
Texas A&M University Mays Business School, Ph.D. in Finance, 2011
Texas A&M University. M.S. in Economics, 2007
Bilkent University, Ankara, B.S. in Industrial Engineering, Turkey, 2003
Research Currently in Progress
- The Evolution of Market Efficiency Over the Past Century (with Lezgin Ay and Paul Koch)
- Insider Trading when There Is No Litigation Risk (with Lezgin Ay and Paul Koch)
- Are Sophisticated Traders Better Informed When Trading Family Firms? (with Minjie Huang and Felix Meschke)
- When Does Innovation Die? Ideas Are Getting Harder to Find (with Furkan M. Cetin, Egemen Genc)
- Margin Requirements, Risk Taking, and Multifactor Models (with Ay, Lezgin, Ehsan Azarmsa, Chao Jiang, and Paul Koch)
- High Aggregate Volume Return Premium (with Chao Jiang, Paul Koch and Egemen Genc)