Browsing Faculty of Business by Author "(ORCID & YÖK ID 233529) Çeliker, Umut"
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Cash flow news, discount rate news, and momentum
Çeliker, Umut; Kayaçetin, Volkan; Kumar, R.; Sonaer, G. (Elsevier, 2016-11)We examine the effect of aggregate cash flow news and discount rate news on momentum returns. We find that momentum profits are higher following aggregate positive cash flow news, even in down markets or low sentiment ... -
Do mutual funds herd in industries?
Çeliker, Umut; Chowdhury, J.; Sonaer, G. (Elsevier, 2015-03)This study examines whether mutual funds herd in industries and the extent to which such herding impacts industry valuations. Using two herding measures proposed by Lakonishok et al. (1992) and Sias (2004) we document that ...
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