University of Bath School of Management University of Bath School of Management

Dr Ufuk Güçbilmez

Dr Ufuk Gucbilmez

telephone +44 (0) 1225 386314
email Ufuk Güçbilmez


Leading Refereed Journal Papers
Other Outputs

Related links

Doctoral students


Job Title:

Senior Lecturer in Finance


Accounting, Finance & Law

Key Research Interests:

Corporate finance, behavioural economics/finance.

Research Interests

Ufuk’s primary research area is corporate finance. He has a particular interest in initial public offerings (IPOs). His research examines the cyclical nature of IPO activity and the formation of hot issue markets. He has also researched on adverse selection in IPO markets, with an emphasis on the issues of signalling and winner's curse.

Some of Ufuk’s recent projects are within the area of behavioural economics/finance. These projects focus on how reinforcement learning and various behavioural biases (overconfidence, disposition effect, etc.) jointly influence financial decisions of individuals.

PhD Supervision

I am interested in receiving PhD queries from students who possess strong quantitative skills and who are good in academic writing. I would be interested in supervising topics that are broadly aligned with my research interests.


Jump to:
Leading Refereed Journals Papers | Other Outputs

Leading Refereed Journal Papers

Banerjee, S., Güçbilmez, U. & Pawlina, G. 2016. Leaders and Followers in Hot IPO Markets. Journal of Corporate Finance, 37: 309-334. DOI: 10.1016/j.jcorpfin.2016.01.004

Güçbilmez, U. 2015. IPO Waves in China and Hong Kong. International Review of Financial Analysis, 40: 14-26. DOI: 10.1016/j.irfa.2015.05.010

Güçbilmez, U. 2014. Why Do Some Chinese Technology Firms Avoid ChiNext and Go Public in the US? International Review of Financial Analysis, 36: 179–194. DOI: 10.1016/j.irfa.2014.02.010

Banerjee, S., Güçbilmez, U. & Pawlina, G. 2014. Optimal Exercise of Jointly Held Real Options: A Nash Bargaining Approach with Value Diversion. European Journal of Operational Research, 239 (2): 565–578. DOI: 10.1016/j.ejor.2014.06.004

Other Outputs

Banerjee, S., Güçbilmez, U. & Pawlina, G. 2013. IPO Waves and Hot Markets in the UK. In M. Levis & S. Vismara (Eds.), Handbook of Research on IPOs: 76-98. Cheltenham, UK: Edward Elgar Publishing.