Cem Demiroglu

Associate Professor of Finance

Koc University

College of Administrative Sciences and Economics

Sariyer, Istanbul 34450, Turkey

Office: CAS 212

Phone: +90 (212) 338-1620

Fax: +90 (212) 338-1653

E-mail: cdemiroglu@ku.edu.tr

Google Scholar Page


C.V. (August 2018)


Ph.D. in Finance, University of Florida, 2008


Ratings quality and borrowing choice
(with Dominique Badoer and Christopher James), Forthcoming, Journal of Finance.

The relevance of credit ratings in transparent bond markets
(with Dominique Badoer), Forthcoming, Review of Financial Studies.

Indicators of collateral misreporting
(with Christopher James), Management ScienceNovember 2016, Vol. 64(4): 1747-1760.

Bank loans and troubled debt restructurings (online appendix)
(with Christopher James), Journal of Financial EconomicsOctober 2015, Vol. 118 (1): 192-210.

The Dodd-Frank Act and the regulation of risk retention in mortgage-backed securities 
(with Christopher James) Perspectives on Dodd-Frank and Finance, MIT Press, 2014.

State foreclosure laws and the incidence of mortgage default 
(with Evan Dudley and Christopher James) Journal of Law and EconomicsFebruary 2014, Vol. 57 (1): 225-280.


How important is having "skin in the game"? Originator-sponsor affiliation and losses on mortgage-backed securities (online appendix)

(with Christopher James) Review of Financial Studies, November 2012, Vol. 25 (11): 3217-58.


Bank lending standards and access to lines of credit

(with Christopher James and Atay Kizilaslan) Journal of Money, Credit, and Banking, September 2012, Vol. 44 (6): 1163-90.


The role of private equity group reputation in buyout financing

(with Christopher James) Journal of Financial Economics, May 2010, Vol. 96 (2): 306-30.


The information content of bank loan covenants

(with Christopher JamesReview of Financial Studies, October 2010, Vol. 23 (10): 3700-37.

The use of bank lines of credit in corporate liquidity management: A review of empirical evidence

(with Christopher James) Journal of Banking and Finance, April 2011, Vol. 35 (4): 775-82.


The first analyst coverage of neglected stocks

(with Michael Ryngaert) Financial Management, Summer 2010, Vol. 39 (2): 555-84.

Working Papers:

Do physiological and spiritual factors affect economic decisions?
(with Oguzhan Ozbas, Rui Silva, Fatih Ulu), July 2018, Revise and ResubmitJournal of Finance.

Do market prices improve the accuracy of court valuations in Chapter 11?
(with Julian Franks and Ryan Lewis), May 2018, Revise and ResubmitJournal of Finance.

Managerial discretion and efficiency of internal capital markets
(with Cansu Iskenderoglu and Oguzhan Ozbas), October 2018.

Why do loan rates appear to be so sticky?
(with Christopher James and Guner Velioglu), August 2018.


How does competition affect the value of corporate control?
(with Cansu Iskenderoglu and Oguzhan Karakas)

The informational value of intermediaries: Time-series evidence

Associate Editorships:

Journal of Banking and Finance 
Journal of Capital Market Studies
Journal of Corporate Finance

Ad Hoc Referee For:

Financial Management
Journal of Finance
Journal of Financial and Quantitative Analysis
Journal of Financial Economics
Journal of Money, Credit, and Banking
Management Science
Review of Finance
Review of Financial Studies