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Ozan E. Akbas

ozan e. akbas



I am a Ph.D. candidate in Finance and Economics at Warwick Business School of the University of Warwick.

My research sits at the intersection of corporate finance, asset pricing, and empirical industrial organization. I use tools from finance theory and structural econometrics to study investment behavior from both firm and investor perspectives.

On the supply side, I develop dynamic corporate finance and real options models to understand how firms make investment and financing decisions - particularly how these decisions respond to institutional demand for their assets.

On the demand side, I study asset demand systems using tools from empirical IO. I focus on identifying structural parameters, building asset pricing microfoundations for demand models, and exploring how forces like demand complementarity shape institutional investors' portfolio choices.

contact info:



  • Risk and Return in Asset Demand Systems
    with Ao Wang
    Uniform no more. / Risk-return tradeoffs reshape, / how assets relate.
    Selected Presentations: Finance Theory Group Summer School 2025, SUFE, Bristol Econometrics Study Group Conference 2025, EARIE 2025


  • Leverage Dynamics with Lumpy, Uncertain Investment Opportunities



  • Corporate Finance
    Postgraduate Module at Warwick Business School
    Teaching Assistant for Andrea Gamba (2024)
  • Mergers and Acquisitions
    Undergraduate Module at Warwick Business School
    Teaching Assistant for Jim Goldman (2024), Noah Lyman (2025)