Bulent Gultekin

Research Interests:

• corporate finance and capital markets, financial development, privatization

Education

PhD, University of Pennsylvania, 1976; AM, University of Pennsylvania, 1975; MA, Bogazici University, 1974; BSc, Robert College, 1969

Recent Consulting

Senior privatization adviser to several governments and organizations on issues of privatization and economic reform. Governments include Ukraine, Kazakhstan, Uzbekistan, Poland, Indonesia, Turkemenistan, and Turkey; organizations range from The World Bank and European Bank to the United Nations Development Program to the United States Agency for International Development as well as major international corporations

Career and Recent Professional Awards; Teaching Awards

WEMBA Program Teaching Award, 2003

Academic Positions Held

Wharton: 1981present (Director, Emerging Economies Program, 199293; CoDirector, Weiss Center for International Financial Research, Wharton, 199093). Previous appointment: Dartmouth College. Visiting appointments: University of Chicago; Koc University, Istanbul, Turkey

Other Positions

Governor, Central Bank of the Republic of Turkey, 1993; Chief Adviser, to the Ministry of Privatization, Poland, 199091, to the Prime Minister of Turkey, 198789, 1991; President, Housing Development and Public Participation Administration, Turkey, 198789; Director General for Research, Central Bank of the Republic of Turkey, 198687

Corporate and Public Sector Leadership 20052009

Trustee, Koc University Istanbul, Turkey, 1991present; Chairman of the Board of Directors, Sumerbank, Turkey; Trustee, American University in Bulgaria, 1995-present; Foundation for Privatization and Ownership Changes, Poland, 1990-present

Research

• Bulent Gultekin and A. Penati (1989), Capital Controls and International Capital Market Segmentation: The Evidence from the Japanese and American Stock Markets, Journal of Finance, (September 1989).Abstract
  
• Bulent Gultekin and R.J. Rogalski (1985), “Government Bond Returns, Measurement of Interest Rate Risk and the Arbitrage Pricing Theory.” Journal of Finance (March 1985), Journal of Finance, (March 1985).Abstract
  
• Bulent Gultekin (1984), A Critical Reexamination of the Empirical Evidence on the Arbitrage Pricing Theory, Journal of Finance, (June 1984).Abstract
  

Knowledge @ Wharton

• The Jerusalem Controversy: What It Means for the Region’s Economies, Knowledge @ Wharton - 12/14/2017
  
• Why Developing Israel’s Leviathan Gas Field Is a Mammoth Task, Knowledge @ Wharton - 8/25/2017
  
• What Turkey’s Referendum Means for the Country’s Future, Knowledge @ Wharton 04/18/2017
• Will a New Vision for Saudi Arabia Work?, Knowledge @ Wharton 05/18/2016
• What Would a Brexit Cost Europe and the U.K.?, Knowledge @ Wharton 03/28/2016
• With Sanctions Lifting, What’s in Store for Iran’s Economy?, Knowledge @ Wharton 10/27/2015
• Does Austerity Work? Or Does It Make Things Worse?, Knowledge @ Wharton 08/19/2015
• What a Robust Dollar Means for U.S. Business — and the Global Economy, Knowledge @ Wharton 04/15/2015
• How Germany Can Make or Break the Euro, Knowledge @ Wharton 03/17/2015
• The Middle East in 2015: Falling Oil Prices and Terrorism Cast Doubt, Knowledge @ Wharton 01/23/2015
• Can the U.S. Afford Another War in Iraq?, Knowledge @ Wharton 08/13/2014
• With Austerity Under Fire, Countries Seek a More Balanced Solution, Knowledge @ Wharton 05/22/2013
• In Wharton Innovation Competition, Seeking Solutions for Middle Eastern Challenges, Knowledge @ Wharton 05/14/2013
• Wharton Experts: Middle East Innovation Needs Institutions, Policies and Quality of Life, Knowledge @ Wharton 05/14/2013
• Global Currency Battles: A Waiting Disaster or a Win for All?, Knowledge @ Wharton 03/13/2013
• Expect Marginal Improvement in the M&A Market, Knowledge @ Wharton 03/07/2012
• Remembering Private Equity Pioneer Ted Forstmann, Knowledge @ Wharton 11/22/2011
• Gulf Debt Risks: Falling Oil Prices, Arab Spring Expenditures, Knowledge @ Wharton 10/25/2011
• Pointing Fingers: Can Europe and the U.S. Work Together to Solve the Financial Crisis?, Knowledge @ Wharton 10/12/2011
• What Does the Palestine Debate Mean for Israel?, Knowledge @ Wharton 09/27/2011
• What impact will the U.N. debate on Palestinian statehood have on Israel’s standing in the global economy?, Knowledge @ Wharton 09/27/2011
• Is the End Near for the Eurozone?, Knowledge @ Wharton 09/14/2011
• What Upheaval in the Middle East Means for Business, Knowledge @ Wharton 05/06/2011
• Room at the Top: How Will the Leadership Vacuum in the Arab World Be Filled?, Knowledge @ Wharton 03/08/2011
• Reform, Not Repression: Lessons from the Deadly Unrest in Libya and Bahrain, Knowledge @ Wharton 02/23/2011
• Manila or Bust?, Knowledge @ Wharton 02/11/2011
• For PE Firms, Liquidity Remains the Key Issue, Knowledge @ Wharton 01/12/2011
• Will Hopes for European Austerity Be Deflated?, Knowledge @ Wharton 06/23/2010
• Whither the Euro: Safe Harbor or Fractured Fate?, Knowledge @ Wharton 06/23/2010
• Could Dubai World’s Debt Default Spark a Crisis in the Middle East and Beyond?, Knowledge @ Wharton 12/09/2009
• Time for Transparency: What Will It Take to Improve Corporate Governance in the Middle East?, Knowledge @ Wharton 03/11/2009
• Worry in the West as Eastern and Central European Economies Head South, Knowledge @ Wharton 03/04/2009
• Do the Answers to Our Current Financial Woes Lie in the Past?, Knowledge @ Wharton 10/01/2008
• Building a Modern Economy: How the ‘Dubai CEO’s’ Big Bet Is Paying Off, for Now, Knowledge @ Wharton 03/21/2007
• Are Emerging Markets Striking Back, or Out? The View from Investors, Knowledge @ Wharton 06/22/2006
• The Long and Winding Road to Privatization in China, Knowledge @ Wharton 05/10/2006
• Economic Trends in the Middle East — and High Oil Prices — Suggest Fertile Ground for Growth, Knowledge @ Wharton 06/01/2005
• Islamic Banking Comes of Age – But What’s Next?, Knowledge @ Wharton 03/10/2004
• The Future of the EuroDollar Relationship Depends a Lot on the U.S., Knowledge @ Wharton 01/30/2002