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Veljko Fotak

Assistant Professor
Finance and Managerial Economics Department


PhD, University of Oklahoma
MS, Rochester Institute of Technology
MBA, Rochester Institute of Technology
BS, Rochester Institute of Technology

Vita [PDF]

Research Interests

Teaching Interests

Selected Publications

Veljko Fotak, Vikas Raman, and Pradeep K. Yadav (2014).  "Fails-to-Deliver, Short Selling, and Market Quality."  Journal of Financial Economics 114, 493-516. 

Ginka Borisova, Veljko Fotak, Kate Holland, and William L. Megginson (2015).  "Government Ownership and the Cost of Debt: Evidence from Government Investments in Publicly Traded Firms."  Journal of Financial Economics, forthcoming.

Works in Progress

"The Sovereign Wealth Fund Discount: Evidence from Public Equity Investments." Co-authorship with Bernardo Bortolotti and William L. Megginson.  Under revision (fifth round resubmission) at the Review of Financial Studies.

"Why Do Governments Lend?"

"Rise of the Fiduciary State: A Survey of Sovereign Wealth Fund Research." Co-authorship with William Megginson.

"The Impact of Political Risk on Foreign Lending: Evidence on Bilateral Investment Treaties, Expropriations, and Syndicated Loans."  Co-authorship with Hae Kwon Lee.

"Seasoned Equity Offerings and Stock Price Crashes."  Co-authorship with Rodney D. Boehme and Anthony D. May.

"The Impact of Blog Recommendations on Security Prices and Trading Volumes."

Contact Information

Veljko Fotak
Assistant Professor
Finance and Managerial Economics
School of Management
University at Buffalo
236 Jacobs Management Center
Buffalo, NY 14260-4000

Tel: 716-645-1541