Associate Professor, Finance
My research focuses on corporate governance. I examine how employee treatment affects firm performance. I examine labor litigations, filed by employees, and study why labor disputes are important to firms’ financial health. I also study the relationship between employee well-being and innovation and analyze whether employee treatment spurs corporate innovation. Some of my research has been published in the following journals:
Unsal, O., & Brodmann, J. (2023). Corporate reputation and market reaction: Evidence from FinTech industry. Applied Economics Letters, 30(2), 141-148.
Brodmann, J., & Unsal, O. (2023). Employee treatment and Securities Exchange Commission investigations. Managerial Finance, (ahead-of-print).
Unsal, O. (2023). Corporate crimes and innovation: Evidence from US financial firms. Economic Modelling, 106183.
Rayfield, B., & Unsal, O. (2022). Green innovation and environmental misconduct. Managerial Finance.
Unsal, O. (2022). Reputational damage and name changes: Impact of financial crimes. Corporate Governance: An International Review.
Unsal, O. (2021). Labor lawsuits and debt maturity. Corporate Governance: The International Journal of Business in Society, 22(2), 385-404.
Blank, D. B., Hadley, B., & Unsal, O. (2021). Financial consequences of reputational damage: Evidence from government economic incentives. Financial Review, 56(4), 693-719.
Kim, D., Kim, I., Krueger, T.M. and Unsal, O. (2021), “The influence of CEO political ideology on labor relations and firm value”, Managerial Finance, Vol. 47 No. 9, pp. 1300-1319.
Rayfield, B., & Unsal, O. (2021). Institutional monitoring and litigation risk: Evidence from employee disputes. Journal of Financial Research, 44(1), 81-119.
Unsal, O., & Brodmann, J. (2020). The impact of employee relations on the reputation of the board of directors and CEO. The Quarterly Review of Economics and Finance, 78, 372-388.
Unsal, O., & Hassan, M. K. (2020). Employee lawsuits and capital structure. Review of Managerial Science, 14(3), 663-704.
Unsal, O., & Rayfield, B. (2020). Corporate governance and employee treatment: Evidence from takeover defenses. Journal of Economics and Finance, 44(2), 392-416.
Unsal, O. (2020). Two faces of corporate lobbying: Evidence from the pharmaceutical industry. The North American Journal of Economics and Finance, 51, 100858.
Unsal, O., & Brodmann, J. (2019). Workplace environment and payout policy. Journal of Economics and Business, 106, 105843.
Unsal, O., & Rayfield, B. (2019). Employee disputes and CEO turnover: Evidence from labor lawsuits. Journal of Corporate Accounting & Finance, 30(2), 44-63.
Unsal, O. (2019). Employee relations and firm risk: Evidence from court rooms. Research in International Business and Finance, 48, 1-16.
Rayfield, B. and Unsal, O. (2019), “Do overconfident CEOs stay out of trouble? Evidence from employee litigations”, Review of Behavioral Finance, Vol. 11 No. 4, pp. 441-467.
Brodmann, J., Unsal, O., & Hassan, M. K. (2019). Political lobbying, insider trading, and CEO compensation. International Review of Economics & Finance, 59, 548-565.
Unsal, O., & Rayfield, B. (2019). Institutional investors and medical innovation. The Quarterly Review of Economics and Finance, 74, 190-205.
Rayfield, B. and Unsal, O. (2019), “Product recalls, lobbying, and firm value”, Management Decision, Vol. 57 No. 3, pp. 724-740.
Unsal, O. (2019). Analyst coverage and lawsuit risk. Applied Economics Letters, 26(11), 914-918.
Unsal, O., Hassan, M. K., & Zirek, D. (2017). Corporate lobbying and labor relations: Evidence from employee-level litigations. Journal of Corporate Finance, 46, 411-441.
Unsal, O., Hassan, M. K., & Zirek, D. (2017). Product recalls and security prices: New evidence from the US market. Journal of Economics and Business, 93, 62-79.
Undergraduate
Graduate
Jack Boyce, chair of Merrimack College’s Board of Trustees and member of the Class of 1981, and Father Nicholas A. Sannella, J.D., M.D., will be recognized on Friday, May 19, during the College’s Baccalaureate Mass and Conferral of Degrees ceremony.
