| Sabanci Business School

A. Doruk Günaydın Sabancı Business School Faculty Member (216) 483 9655 dorukgunaydinsabanciunivedu

Personal Web

http://myweb.sabanciuniv.edu/dorukgunaydin/

Jobs

Faculty Member

Education

EDUCATION

Ph.D. Finance, Sabanci University, 2016

M.S. Mathematical Finance, Questrom School of Business, Boston University, 2010

B.S. Electronics Engineering, Sabanci University, 2009

RESEARCH INTERESTS

Empirical asset pricing, Derivatives, International Finance

Areas of Interest

Asset pricing, equity returns, downside risk, funds, international finance, behavioral finance

Atılgan, Yiğit and Demirtaş, Özgür and Günaydın, A. Doruk and Tosun, Aynur Dilan (2025) "Regret in global equity markets", International Review of Financial Analysis, Vol.103 (SSCI)

Atılgan, Yiğit and Demirtaş, Özgür and Günaydın, A. Doruk and Tosun, Aynur Dilan and Zirek, Duygu (2025) "Aggregate earnings and global equity returns", Journal of International Financial Markets, Institutions and Money, Vol.100 (SSCI)

Atılgan, Yiğit and Demirtaş, Özgür and Günaydın, A. Doruk (2024) "Do polluters outperform non-polluters?". Published Online First https://dx.doi.org/10.1080/13504851.2024.2440081

Atılgan, Yiğit and Demirtaş, Özgür and Günaydın, A. Doruk and Öztekin, Mustafa (2024) "Performance implications of hedging with industry ETFs", Global Finance Journal, Vol.61 (SSCI)

Atılgan, Yiğit and Demirtaş, Özgür and Günaydın, A. Doruk and Kirli, Imra (2023) "Mood seasonality around the globe", Pacific Basin Finance Journal, Vol.82 (SSCI)

Bali, Turan G. and Günaydın, A. Doruk and Jansson, Thomas and Karabulut, Yigitcan (2023) "Do the rich gamble in the stock market? Low risk anomalies and wealthy households", Journal of Financial Economics, Vol.150, No.2 (SSCI)

Atılgan, Yiğit and Demirtaş, Özgür and Günaydın, A. Doruk and Kirli, Imra (2023) "Average skewness in global equity markets", International Review of Finance, Vol.23, No.2, 245-271 (SSCI)

Atılgan, Yiğit and Demirtaş, Özgür and Günaydın, A. Doruk and Öztekin, Mustafa (2022) "Price discovery in emerging market ETFs", Applied Economics, Vol.54, No.47, 5476-5496 (SSCI)

Atılgan, Yiğit and Demirtaş, Özgür and Günaydın, A. Doruk and Kirli, Imra (2022) "Momentum and downside risk in emerging markets", Journal of Portfolio Management, Vol.48, No.8, 44-58 (SSCI)

Günaydın, A. Doruk (2022) "Tax expense surprise and emerging markets equity returns", Borsa Istanbul Review, Vol.22, No.4, 711-724 (SSCI)

Atılgan, Yiğit and Demirtaş, Özgür and Günaydın, A. Doruk (2021) "Predicting equity returns in emerging markets", Emerging Markets Finance and Trade, Vol.57, No.13, 3721-3738 (SSCI)

Atılgan, Yiğit and Demirtaş, Özgür and Günaydın, Ali Doruk and Kırlı Öziş, Rabia İmra (2020) "Decomposing value globally", Applied Economics, Vol.52, No.42, 4659-4676 (SSCI)

Atılgan, Yiğit and Bali, Turan G. and Demirtaş, Özgür and Günaydın, Ali Doruk (2020) "Left-tail momentum: underreaction to bad news, costly arbitrage and equity returns", Journal of Financial Economics, Vol.135, No.3, 725-753 (SSCI)

Atılgan, Yiğit and Demirtaş, Özgür and Günaydın, Ali Doruk (2020) "Downside beta and the cross section of equity returns: a decade later", European Financial Management, Vol.26, No.2, 316-347 (SSCI)

Atılgan, Yiğit and Bali, Turan G. and Demirtaş, Özgür and Günaydın, Ali Doruk (2019) "Global downside risk and equity returns", Journal of International Money and Finance, Vol.98 (SSCI)

Atılgan, Yiğit and Bali, Turan G. and Demirtaş, Özgür and Günaydın, A. Doruk (2018) "Downside beta and equity returns around the world", Journal of Portfolio Management, Vol.44, No.7, 39-54 (SSCI)

Atılgan, Yiğit and Demirtaş, Özgür and Günaydın, A. Doruk (2016) "Liquidity and equity returns in Borsa Istanbul", Applied Economics, Vol.48, No.52, 5075-5092 (SSCI)