Musa Subasi

Assistant Professor of Accounting

Robert H. Smith School of Business

University of Maryland-College Park

4332J VMH College Park, MD 20742


UT Dallas, Ph.D. in Accounting, 2012

UT Austin, M.S. in Economics, 2007

Bilkent University, B.S. in Industrial Engineering, 2005


Curriculum Vitae

Google Scholar Profile

SSRN Profile


Broker-hosted investor conferences (with C. Green, R. Jame, and S. Markov), 2014, Journal of Accounting and Economics 58, 142-166.

Are trade size based inferences about traders reliable? Evidence from institutional earnings related trading (with W. Cready and A. Kumas), 2014, Journal of Accounting Research 52, 877-909.

Access to management and the informativeness of analyst research (with C. Green, R. Jame, and S. Markov), 2014, Journal of Financial Economics 114, 239-255.

Determinants and consequences of information processing delay: Evidence from Thomson Reuters' Institutional Brokers' Estimate System (with F. Akbas, S. Markov, and E. Weisbrod), 2018, Journal of Financial Economics 127, 366-388.

An Empirical Analysis of Analysts' Capital Expenditure Forecasts: Evidence from Corporate Investment Efficiency (with J. Choi, R. Hann, and Y. Zheng), 2020, Contemporary Accounting Research 37, 2615-2648.


Investor conferences, stock liquidity, and firm performance (with P. Brockman and C. Uzmanoglu), 2017, The Financial Review 52,661-699. Recipient of the Financial Review Readers' Choice Best Paper Award in 2017

Analyst tipping: Additional evidence (with S. Markov and V. Muslu), 2017, Journal of Business Finance & Accounting 44, 94-115.

Working Papers

Do credit rating agencies learn from options markets? (with P. Brockman, J. Wang, and E. Zhang)

R&R at Management Science.

The Acquisition and Integration of Street Earnings: Evidence from a Natural Experiment (with K. Bochkay, S. Markov, and E. Weisbrod)

R&R at Journal of Accounting Research

Presented at Northwestern University, Southern Methodist University*, Penn State University*, Erasmus University*, Ohio State University*, University of Miami*

Can You Trust Your Customer? The Role of Interlocking Directorates in Mitigating Hold-up Problems (with R. Hann and Y. Zheng)

R&R at Strategic Management Journal

Presented at the Carnegie Mellon University Summer Slam 2018 and Baruch College.

The trading response of institutional shareholders around shifts of firm control (with S. Cheng, Y. Zheng, and G. Ward)

Director networks and managerial response to non-fundamental price shocks (with F. Akbas, R. Hann, and F. Polat)

Presented at Columbia University*, Washington Area Research Symposium (2017), University of Maryland*, Singapore Management University*, and City University of Hong Kong*. Featured in the Harvard Law School Forum on Corporate Governance and Financial Regulation.

Corporate news releases and the profitability of retail trades (with F. Akbas)

Recipient of the Outstanding Paper Award in Investments at the 2017 Southern Finance Association Annual Meeting. Presented at the 2017 Southern Finance Association Annual Meeting Virginia Tech and University of Illinois at Chicago.*


Analyst skill in concierge services (with R. Jame and F. Polat)