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Oğuzhan Karakaş

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Oğuzhan Karakaş

Associate Professor in Finance
Director of the MPhil in Finance Programme
Co-Director of the Centre for Endowment Asset Management (CEAM)

BS (Middle East Technical University), MSE (Princeton University), PhD (London Business School)

Research interests

Corporate governance; ownership and control; corporate social responsibility; private equity; dynamic investment strategies.

Subject group: Finance

Professional experience

Oğuzhan Karakaş has served as a part-time consultant to a hedge fund on establishing trading strategies.

Previous appointments

Oğuzhan Karakaş was an Assistant Professor of Finance at the Carroll School of Management at Boston College prior to joining Cambridge Judge Business School.

Awards & honours

  • Best Published Research Article, FIR-PRI Finance and Sustainability European Research Award, 2016
  • Honorable Mention, IRRCi Research Award, 2015
  • All Star Teachers, The Carroll School of Management – Boston College, 2014
  • Moskowitz Prize for the Best Paper in Socially Responsible Investing (SRI), Berkeley-Haas and US SIF, 2012

Selected publications

Karakaş, O. and Mohseni, M. (2021) “Staggered boards and the value of voting rights.” Review of Corporate Finance Studies, 10(3): 513-550 (DOI: 10.1093/rcfs/cfab004)

Dimson, E., Karakaş, O. and Li, X. (2017) “Local leads, backed by global scale: the drivers of successful engagement.” PRI: Principles for Responsible Investment, 19 September 2017

Feldhütter, P., Hotchkiss, E. and Karakaş, O. (2016) “The value of creditor control in corporate bonds.” Journal of Financial Economics, 121(1): 1-27 (DOI: 10.1016/j.jfineco.2016.03.007)

Dimson, E., Karakaş, O. and Li, X. (2015) “Active ownership.” Review of Financial Studies, 28(12): 3225-3268 (DOI: 10.1093/rfs/hhv044)

Kalay, A., Karakaş, O. and Pant, S. (2014) “The market value of corporate votes: theory and evidence from option prices.” Journal of Finance, 69(3): 1235-1271 (DOI: 10.1111/jofi.12132)

Staggering findings

Companies with staggered boards have a higher 'voting premium' that reflects managerial inefficiencies, especially in mature firms and those in noncompetitive industries,…

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Co-ordinated engagements

A research paper co-authored at Cambridge Judge Business School on how investors can influence companies on environmental and social issues is named…

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Engaging award

Dr Oğuzhan Karakaş of Cambridge Judge wins Young Researcher award from Sabancı University School of Management in Istanbul for research on 'Coordinated…

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Opera paper curtain call

A paper co-authored by Dr Oğuzhan Karakaş of Cambridge Judge Business School wins the best conference paper award at the annual meeting…

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Effective engagement

Investor engagement on environmental, social and governance issues were examined at a conference organised by the Centre for Endowment Asset Management at…

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Opera paper sings

Dr Oğuzhan Karakaş of Cambridge Judge Business School wins the 4Nations Cup for financial economics based on a paper about exchange-traded funds.…

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Teaching prizes

Seven members of the Cambridge Judge Business School faculty receive Teaching Prizes from Dean Christoph Loch for teaching excellence in a variety…

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Coordination awarded

Research paper on coordination by activist shareholders wins an award from the International Centre for Pension Management. A research paper on coordination…

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Research on inclusive capitalism

Corporate engagement project involving Professor Elroy Dimson of Cambridge Judge selected by the Principles for Responsible Investment organisation. The Principles for Responsible…

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‘Less confrontational’ investor engagement

Environmental and social engagement by investors helps firms improve both financial performance and governance, finds study co-authored by Elroy Dimson of Cambridge…

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Cambridge Independent: From AI dysfunctions to privatisation debate

A recent summary of Cambridge Judge Business School research include studies on AI at workplace by Dr Stella Pachidi, privatisation and efficiency…

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Bloomberg: Investors will buy anything now

A paper on short-selling of exchange-traded funds co-authored by Dr Oğuzhan Karakaş, University Senior Lecturer in Finance at Cambridge Judge Business School,…

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Your Money: How to use your savings to make a positive change in the world

A study by Dr Oğuzhan Karakaş and Professor Elroy Dimson on coordinated engagements is featured in the article. The study found that…

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Forbes: Inside the big threat to sustainable investing

A study by Dr Oğuzhan Karakaş and Professor Elroy Dimson on corporate social responsibility engagements is featured in Forbes. The study entitled…

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Financial Times: Are ESG and sustainability the new alpha mantra?

A research on active governance enhancing returns co-authored by Dr Oğuzhan Karakaş and Professor Elroy Dimson is featured in the article. The…

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Funds Europe: Inside view: Do investors have to sacrifice returns to invest responsibly?

A study co-authored at Cambridge Judge Business School on company engagement is featured in the article. The study co-authored by Professor Elroy…

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ESG Magazine: The 2016 winners

The FIR-PRI Awards, which have been running since 2005, have established themselves as one of the highest-profile bursary competitions supporting academic research…

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Financial Times: Getting ‘engaged’ offers path to salvation for active managers

Research by Cambridge Judge Business School's Elroy Dimson, Oguzhan Karakas and Xi Li, published last year, used data from one large institutional…

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Bloomberg.com: Derivatives broker turned green warrior takes on Dirty Asia Inc.

A study of investor engagements with businesses on environmental, social and governance issues by Cambridge Judge Business School's Elroy Dimson, Oguzhan Karakas…

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IRRC Institute: Winners of 2015 IRRC Institute Research Award challenge conventional wisdom on fossil fuel divestment; influence of passive investors

For the first time in the IRRC Institute Award's four-year history, the judges selected multiple research papers for Honorable Mention recognition, saying…

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PR Newswire: Major new responsible investing study sought for 2013 Moskowitz Prize recognition

The Moskowitz Prize encourages and recognizes outstanding academic research on matters germane to the field of responsible investing. In 2012, the prize…

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Financial Times: Active ownership offers win-win strategy

Award-winning research co-authored by Cambridge Judge Business School's Elroy Dimson, Oğuzhan Karakaş and Xi Li analysed investor engagement with US companies over…

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Contact details

Oğuzhan Karakaş
Cambridge Judge Business School
University of Cambridge
Trumpington Street
Cambridge CB2 1AG
UK

[email protected]

CV

Download Oğuzhan Karakaş’s CV