Contact Information
202-452-3168
ugur.lel@frb.gov

Fields of Interest
International Finance
Corporate Finance
Risk Management

Education
Ph.D., Finance, Indiana University, 2005

Professional Experience
Board of Governors of the Federal Reserve System, 2005-present

Selected Publications

• ''Escape from New York: The Market Impact of Loosening Disclosure Requirements'' (with Nuno Fernandes and Darius P. Miller), Journal of Financial Economics (forthcoming 2009).
• ''International Cross-Listing, Firm Performance, and Top Management Turnover: A Test of the Bonding Hypothesis'' (with Darius P. Miller), Journal of Finance, vol. 63 (August 2008), pp. 1897-1937.
• ''Political Uncertainty and Asset Valuation: Evidence from Business Relocations in Canada'' (with Harjeet Bhabra and Dogan Tirtiroglu), Journal of Banking and Finance, vol. 28 (September 2004), pp. 2237-2258.
• Friends or Foes? The Stock Price Impact of Sovereign Wealth Fund Investments and the Price of Keeping Secrets (with Jason Kotter), International Finance Discussion Papers 940. Washington: Board of Governors of the Federal Reserve System, (August 2008).
• Currency hedging and corporate governance: A cross-country analysis, International Finance Discussion Papers 858. Washington: Board of Governors of the Federal Reserve System, (May 2006).