Çelim Yıldızhan, Research & Ideas
About Me
My research examines how information frictions and incentive structures shape financial decisions by investors, managers, and markets. I work at the intersection of empirical asset pricing, financial accounting, and household finance, employing high-resolution data and theory-consistent empirical strategies. Across my projects, I study how limits in attention, processing capacity, and incentive alignment generate predictable distortions in pricing, reporting, and portfolio choice. I have four publications in Financial Times Top-50 journals, and I am currently advancing a new research program using large-scale retail trading data and randomized field interventions.
Published and Forthcoming Papers (Most recent first)
“Do Individual Investors Ignore Transaction Costs?” Journal of Financial and Quantitative Analysis: December 2025, Vol. 60, No. 8, pp. 3899-3931 (with Xue Snow Han and Deniz Anginer), Online Appendix for the JFQA paper (FT50; ABS: 4; Business, Finance SSCI Q1)
“Firm Complexity and Post-Earnings-Announcement Drift,” Review of Accounting Studies: March 2024, Vol. 29, No. 1, pp. 527–579 (with Alexander Barinov and Shawn Saeyeul Park) (FT50; ABS: 4; Business, Finance SSCI Q1)
“Is there a Distress Risk Anomaly? Pricing of Systematic Default Risk in the Cross Section of Equity Returns,” Review of Finance: March 2018, Vol. 22, No. 2, pp. 633–660 (with Deniz Angıner) (FT50; ABS: 4; Business, Finance SSCI Q1)
“Customer-base concentration, profitability and the relationship life cycle,” The Accounting Review: May 2016, Vol. 91, No. 3, pp. 883-906 (with Paul Irvine and Shawn Saeyeul Park) (FT50; ABS: 4*; Business, Finance SSCI Q1)
Working Papers (Most recent first)
“Relative Performance Evaluation and Contagion in Financial Reporting Quality” (with Deniz Anginer, Paul Irvine and Jinjing Liu)
“Trade Transparency and Management Earnings Forecasts“ (with Deniz Anginer and Xue Snow Han)
It's personal, not strictly business: The role of personal relationships in the supply chain (with Deniz Anginer, Paul Ivine and Ray Zhang)
SSRN [Celim Yildizhan @ SSRN ])
Google Scholar [Celim Yildizhan @ Google Scholar ])