Senay Agca
Senay Agca
Professor of Finance; Professor of Decision Sciences
Contact:
Office Phone:
(202) 994-9209
2201 G Street NW, Suite 505
Washington, DC 20052
Şenay Ağca is a Professor of Finance and of Decision Sciences at the George Washington University (GW), School of Business. As an additional role, she has served as the Chief Diversity Officer and the Chair of the Diversity Council. Her research interests are corporate-government dynamics, macro-finance, credit risk, bioeconomy, and supply chains. She has worked at the National Science Foundation (NSF) as an economics program director and in interdisciplinary NSF programs on Bioeconomy, Future Manufacturing, Data Revolution, and Broadening Participation. In addition, she has been a visiting scholar at the Georgetown University, International Monetary Fund, Sciences Po, and the University of Chicago.
Şenay has published in major finance, economics, decision sciences, and operations management journals, and her papers including those with her PhD students have been nominated for best paper awards. She has won diverse grants and awards such as the National Science Foundation (NSF) Grant, J. Wendell and Louise Crain Research Fellowship, GW-CIBER research grants, American Consortium on European Union Studies grant, GW-Institute for Corporate Responsibility grant, Dean’s scholarship, NSF Superior Accomplishment Award, and NSF Certificate of Excellence.
- Corporate Finance
- Macro-finance
- Government Corporation Dynamics
- Diversity, Equity, Inclusion
- Bioeconomy
- Product Networks and Supply Chains
- Credit Risk
Publications
- Ağca, Ş., and A. Togan-Egrican, 2024, "Managerial Activism” (with Asli Togan-Egrican), Journal of Corporate Finance, forthcoming. (Best Paper Award Nomination, 2019 FMA Conference). Link to Columbia Law School Blog on this paper.
- Ağca, Ş. J. Birge, Z. Wang and J. Wu, 2023, "The Impact of COVID-19 on Supply Chain Credit Risk", Production and Operations Management, 32(12), 4088-4113. Link to Homeland Security Newswire article and Chicago Booth Review blog on this paper.
- Ağca, Ş., and D. Igan, 2023, “The Lion's Share: Evidence from Federal Contracts on the Value of Political Connections”, Journal of Law and Economics, 66(3), 609-638. Link to ProMarket article on this paper.
- Ağca, Ş. V. Babich, J. Birge and J. Wu, 2022, "Credit Risk Propagation along Supply Chains: Evidence from the CDS Market", Management Science, 68 (9), 6506-6538. Link to Chicago Booth Review Blog on this paper.
- Ağca, Ş. J. Birge and J. Wu, 2022, "The Impact of the COVID-19 Pandemic on Global Sourcing of Medical Supplies", European Society of Medicine, Medical Research Archives, 10 (9).
- Ağca, Ş. and D. Igan, 2019, “Fiscal Consolidations and the Cost of Credit”, Journal of International Economics, 120, 84-108. (Fiscal Consolidation Data (1990-2014) - Aggregate and Sector Level - Download)
- Ağca, Ş. and A. Mozumdar, 2017, “Investment-Cash Flow Sensitivity: Fact or Fiction?” Journal of Financial and Quantitative Analysis, 52, 1111-1141. (Online Appendix)
- Ağca, Ş., G. De Nicolo and E. Detragiache, 2015, “Financial reforms, financial openness, and corporate debt maturity: International evidence”, Borsa Istanbul Review, 125-149.
- Ağca, Ş., G. De Nicolo and E. Detragiache, 2013, “Banking Sector Reforms and Corporate Leverage in Emerging Markets”, Emerging Markets Review, 17, 125-149.
- Ağca, Ş. and O. Celasun, 2012, “Sovereign Debt and Corporate Borrowing Costs in Emerging Markets”, Journal of International Economics, 88, 198-208. (Nominated for the Best Paper Award, 2012 FMA Conference and 2011 European FMA Conference).
- Ağca, Ş. and O. Celasun, 2012, “Banking Sector Reforms and Corporate Borrowing Costs in Emerging Markets”, Emerging Markets Finance and Trade, 48, 71-95.
- Ağca, Ş. and S. Islam, 2010, “Can CDO Equity Be Short on Correlation?” Journal of Alternative Investments, Spring, 85-96.
- Ağca, Ş. and A. Mozumdar, 2008, “The Impact of Capital Market Imperfections on the Investment-Cash Flow Sensitivity”, Journal of Banking and Finance, 32, 207-216
- Ağca, Ş. and S. Mansi, 2008, “Managerial Ownership, Takeover Defenses, and Debt Financing”, Journal of Financial Research, Summer, 31, 85-112. [Lead Article] [2008 Outstanding Paper Award]
- Ağca, Ş., D. Agrawal and S. Islam, 2008, “Implied Correlations: Smiles or Smirks?” Journal of Derivatives, Winter, 7-35.[Lead Article]
- Ağca, Ş, 2005, "The Performance of Alternative Risk Measures and Immunization Strategies under a Heath-Jarrow-Morton Framework", Journal of Financial and Quantitative Analysis, September 2005, 40, 645-669.
- Ağca, Ş. and D. M. Chance, 2004, "Two Extensions for Fitting Discrete Time Term Structure Models with Normally Distributed Factors", Applied Mathematical Finance, September, 11, 187-205.
- Ağca, Ş., and D. M. Chance, 2003, “Speed and Accuracy Comparison of Bivariate Normal Distribution Approximations for Option Pricing”, Journal of Computational Finance, Summer, 6, 1-96.
- Ağca, Ş., and B. Ekşioğlu, and J. B. Ghosh, 2000,”Lagrangian Solutions to Maximum Dispersion Problems“, Naval Research Logistics, March, 47, 97-114.
Reports
- Ağca, Ş., 2022, Bioeconomies: Ecosystems and Society, Report on NSF Supported UIDP Workshop.
Working Papers
- "Weight of Compliance: Anti-Money Laundering Enforcement, Bank Composition, and Lending" (with Pablo Slutzky and Stefan Zeume) (appeared in Top Ten SSRN Downloads)
- “Doing More for Less? New Evidence on Lobbying and Government Contracts” (with Fuhong Li, Deniz Igan, Prachi Mishra) (appeared in Top Ten SSRN Downloads)
- "The Reach of Corporate Governance Beyond the Grave: Bankruptcy Decisions and Recoveries on Defaulted Debt" (with Mark Carey and Ugur Lel)
- "Fiscal Consolidation Policies and Corporate Investment Horizon” (with Xiangming Fang and Deniz Igan)
Book Chapters
- Ağca, Ş. and S. Islam, 2020, "Securitized Debt Markets" in Debt Markets and Investments, in Kent Baker, Greg Filberg, Andrew Spieler eds. Oxford University Press.