Ugur Lel
Department of Finance

Nalley Distinguished Chair in Finance, Associate Professor

B363 Amos Hall
620 South Lumpkin Street
Athens, GA, 30602
Email Address
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PhD, Finance, Indiana University - Kelley School of Business, 2005

MS, Finance, Indiana University - Kelley School of Business, 2003

Prior Professional Positions

Virginia Tech, Associate Professor, 2016 to 2016

Virginia Tech, Assistant Professor, 2011 to 2016

Federal Reserve Board of Governors, Financial Economist, 2005 to 2011

Research Interests

  • International Finance
  • Corporate Governance
  • Corporate Finance

Selected Publications

Journal Articles

  • Ugur Lel, Darius Miller. 2018The labor market for directors and externalities in corporate governance: evidence from the international labor marketJournal of Accounting and Economics
  • Ugur Lel, Ricardo Correa. 2016Say on pay laws, executive compensation, pay slice, and firm valuation around the worldJournal of Financial Economics
  • Ugur Lel, Darius Miller. 2015Does takeover activity cause managerial discipline? Evidence from international M&A lawsReview of Financial Studies, (28):1588-1622
  • Ugur Lel, Antonio Falato, Dalida Kadyrzhanova. 2014Distracted directors: Does board busyness hurt shareholder value?Journal of Financial Economics, (113):404-426
  • Ugur Lel, Jason Kotter. 2011Friends or foes? Target selection decisions of sovereign wealth funds and their consequencesJournal of Financial Economics, (101):360-381
  • Ugur Lel, Darius Miller, Nuno Fernandes. 2010Escape from New York: the market impact of SEC rule 12h-6, 2010Journal of Financial Economics, (95):129-147
  • Ugur Lel, Darius Miller. 2008International cross-listing, firm performance and top management turnover: a test of the bonding hypothesisJournal of Finance, (63):1897-1937
  • Ugur Lel, Darius Miller, George Allayannis. 2012The use of foreign currency derivatives, corporate governance, and firm value around the worldJournal of International Economics, (87):65-79
  • Ugur Lel. 2012Currency hedging and corporate governance: a cross-country analysisJournal of Corporate Finance, (18):221-237
  • Ugur Lel, Dogan Tirtiroglu, Harjeet Bhabra. 2004Political risk and business relocations: evidence from Quebec and the rest of Canada.Journal of Banking And Finance, (28):2237-2258
  • Ugur Lel, Dogan Tirtiroglu, Harjeet Bhabra. 2002Stock market reaction to headquarters relocation decisions in CanadaCanadian Journal of Administrative Sciences, (19):345-358.