Kelleyschoolof Businessemail

MERIHSEVILIR

KelleySchoolof BusinessEmail:

IndianaUniversityBloomingtonPhone:(812)855-26981275E10thStreet

Bloomington,IN 47405

RESEARCH INTERESTS

FinancingofInnovation,Venture Capital,Entrepreneurship, Mergersand Acquisitions,Initial PublicOfferingsandCorporateGovernance

WORKEXPERIENCE

July 2010-present
(onmaternity leave2014-2015) / KelleySchoolof BusinessIndianaUniversity-BloomingtonAssociate Professor of Finance
July 2013-June2014 / Kenan-FlaglerBusiness SchoolUniversityofNorthCarolina-ChapelHillVisitingAssociateProfessorofFinance
Oct.2003-July2010 / Kenan-FlaglerBusiness SchoolUniversityofNorthCarolina-ChapelHillAssistantProfessorofFinance
July 2002-Oct.2003 / Kenan-FlaglerBusiness SchoolUniversityofNorthCarolina-ChapelHillInstructorof Finance
EDUCATION
1998-2003 / INSEAD,
Ph.D.inFinance / Fontainebleau,France
1996-1998 / INSEAD
MSinManagement / Fontainebleau,France
1995-1996 / Universityof Warwick
MSinEngineeringBusiness Management / Coventry, UK
1990-1995 / BogaziciUniversity
MS and BSinIndustrialEngineering / Istanbul,Turkey

PUBLICATIONS andPAPERSUNDER REVIEW

“SizeandFocus of aVentureCapitalist’s Portfolio”,(withPaoloFulghieri),ReviewofFinancialStudies, 22,4643-4680, 2009.

“Organizationand FinancingofInnovation,andthe Choice between CorporateandIndependentVentureCapital”,(withPaolo Fulghieri),Journalof Financial and QuantitativeAnalysis,44, 1291-1321, 2009.

“GoingPublicto Acquire:TheAcquisition MotiveinIPOs”,(with AnilShivdasaniandUgurCelikyurt),leadarticle,Journalof FinancialEconomics,96,345-363, 2010.

“HumanCapitalInvestment,NewFirmCreation andVenture Capital”,JournalofFinancialIntermediation,19,483-508, 2010.

“Howan IPOHelpsinM&A”, (withAnilShivdasani andUgurCelikyurt),JournalofAppliedCorporateFinance, 22,94-99,2010.

“Mergers,Spin-offs andEmployeeIncentives”,(withPaoloFulghieri),lead article,ReviewofFinancialStudies,24,2207-2241,2011.

FeaturedintheHarvardLawSchoolForumonCorporateGovernanceandFinancialRegulation,

April,2011

“BoardConnectionsand M&ATransactions”,(withYeCai),Journalof FinancialEconomics,103,327-349,2012.

“Venture Capitalists andInnovationinMaturePublic Firms”,ReviewofFinancialStudies,27,56-101, 2014.

WORKINGPAPERS

“Access toPublicCapitalMarketsand Employment”,(withAlex Borisovand AndrewEllul),workingpaper,2017, revise and resubmit at Journal of Financial Economics

“AcquiringInnovation”, (withXuanTian),workingpaper, 2016,revise andresubmitat ReviewofCorporateFinanceStudies

“Financing of Innovation, LearningAcross EntrepreneurialFirmsandInnovationWaves, workingpaper,2017

“ATheoryofMergerIntegration”,(withPaoloFulghieri), workingpaper,2017

“CEOFactories”,(with YeCaiandJun Yang),workingpaper, 2016

“Business Schools andNewFirmCreation”,(with YeCaiandNickolayGantchev), workingpaper,2016

TEACHING
Corporate GovernanceandRestructuring, MBA / 2015-present
CorporateFinancialStrategy,MBA / 2015-present
Executive MBA, Core / 2014
FinanceCore, MBA / 2011-2013
IntermediateCorporateFinance,undergraduate / 2010-2011
Mergers,Acquisitions andCorporate Restructuring, MBA / 2002-2010
AppliedCorporateFinance,MBA / 2002-2010
Mergers,Acquisitions andCorporate Restructuring, undergraduate / 2002-2004
AdvancedCorporate Finance, undergraduate / 2002-2004

PAPERPRESENTATIONS

“OrganizationandFinancingof Innovation, andthe ChoicebetweenCorporateandIndependent VentureCapital”

2000,Spring,5thConferenceofthe Societyforthe AdvancementofEconomicTheoryat Ischia*

2001, Fall,INSEAD

2001, Fall,HECParis*2002,Spring,HECLausanne

2002, Spring,London SchoolofEconomics2002, Spring,IESEBusinessSchool

2002, Spring, UNC-ChapelHill2002, Spring, Universityof Montreal

2002, Spring, Universityof Amsterdam

2002, Spring, StockholmSchool ofEconomics*2002, Spring, NorwegianSchool ofEconomics*

2002, Spring, CEMFI*

2002, Spring, ArizonaStateUniversity*

2002, Spring, Universita’dellaSvizzeraItaliana*

2002,Spring,ECGI-CEPR-ESFworkshoponCorporateGovernance andtheNewEconomy*2002, Spring, 2002 CEPREuropean SummerSymposiumin FinancialMarkets*

2003, Spring, American FinanceAssociation2003, Fall,TulaneUniversity*

2003, Fall,Duke University*

2003, Fall,Wisconsin-MadisonUniversity*

“Mergers, Spin-offsandEmployeeIncentives”2004, Spring, TilburgUniversity*

2004, Fall,EuropeanFinanceAssociation2005, Spring, WesternFinanceAssociation2005, Fall,ParisInternationalFinance Meeting

2006, Spring, Associationof Financial EconomistsMeetingatAmericanFinance Association2008, ESMT, Berlin*

2008, OxfordUniversity*

2009, Fall,UniversityofVirginia,McIntireSchoolofCommerce2010, Spring, American FinanceAssociation

2010, Spring, FloridaStateUniversity,SpringFinanceConference

“Size andFocus ofa VentureCapitalist’sPortfolio”2004,Spring,HelsinkiUniversity*

2004, Fall,UNC-ChapelHill2005,Spring,FinanceSummitII*

2005, Spring, Universityof Amsterdam

2005, Spring, “EarlyCareerWomen in Finance” Conference2005, Fall,RICAFE Conference

2005, Fall,FinancialResearch Association

2006, Spring, FinancialIntermediationResearchSociety(FIRS)*2006,Fall,AmericanUniversity*

2007,Spring,UniversityofVirginia,Darden*

“HumanCapitalInvestment,NewFirm CreationandVentureCapital”2006, Spring, UNC-ChapelHill

2006, Fall,EuropeanFinanceAssociation2006, Fall,RICAFE Conference

2007, Spring,FMAEuropean Meetings2008, Spring, WesternFinanceAssociation

“GoingPublic to Acquire:TheAcquisitionMotivein IPOs”2006, Spring, UNC-ChapelHill*

2007, Spring,JacksonHoleFinanceGroup*2007, Fall,ParisInternationalFinance Meeting2008, Spring, American FinanceAssociation2008, Fall,EssecPrivate EquityConference2008, Fall,RICAFE2Conference

“Mergers andIncentives toCreateSynergies”2008, Fall,RICAFE2Conference,Amsterdam*2008, Fall,IESEBusinessSchool,Barcelona*2008, Fall,Washington UniversityinSt. Louis*2009, Spring, OhioStateUniversity*

2009, Spring, CaseWestern ReserveUniversity*

2009, Fall,HECLausanne*2009, Fall,PennState*

“VentureCapitalists in MaturePublicFirms”2009, Spring, European SchoolofManagement2009, Spring, KocUniversity*

2009, Spring, SabanciUniversity*2009, Spring, BilkentUniversity*

2010, Spring, EntrepreneurialFinanceandInnovation Conference*2012, Spring, WesternFinanceAssociation

“BoardConnections andM&ATransactions”2009, Spring, KocUniversity

2009,Spring,UNC-ChapelHill*2009, Fall,UniversityofHouston

2010, Spring, SantaClaraUniversity*2010, Spring, Michigan StateUniversity

2010, Spring, WashingtonUniversityinSaintLouis2010, Spring,Indiana University

2010, Spring, FirstEuropeanCenter for CorporateControlStudies Workshop*2010, Spring, WesternFinanceAssociation

2010, Fall,Financial ManagementAssociation*

2011, Spring, ChinaInternationalConference inFinance*

“AcquiringInnovation”

2011, Spring,Indiana University,BrownBagSeminar2011, Spring, SFSFinanceCavalcade

2011, Spring, EntrepreneurialFinanceandInnovationConference*2012, Fall,American FinanceAssociation

“Doentrepreneurs makegoodVCs?”

2012,Kauffman/USPTOEntrepreneurialFinance andInnovationConference*2013, AmericanFinanceAssociation*

2016,JacksonHole,IPCWinterResearch Symposium,upcoming

“CEOFactories”

2015, AmericanFinanceAssociation*

2015, IndianaUniversity,Brown BagSeminar*2015, CICF Conference*

2015,ManchesterUniversityCorporateFinance Conference

CONFERENCEPARTICIPATION

AmericanFinance Association,2017,paperpresentationAmericanFinance Association,2015,paperpresentation*AmericanFinance Association,2014,paperpresentation*AmericanFinance Association,2013,paperpresentation*AmericanFinance Association,2012,paperpresentationAmericanFinance Association,2011,discussion

AmericanFinance Association,2010,paperpresentationAmericanFinance Association,2008,paperpresentationAmericanFinance Association,2006,paperpresentationAmericanFinance Association,2003,paperpresentation

WesternFinance Association,2017,discussion

WesternFinance Association,2015,discussion

WesternFinance Association, 2012,paper presentation*

WesternFinance Association, 2011,discussion

WesternFinance Association, 2010,paper presentationWesternFinance Association, 2009,discussionWesternFinance Association, 2008,paper presentationWesternFinance Association, 2005,paper presentation

European FinanceAssociation,2012,discussion

European FinanceAssociation,2011,twodiscussionsEuropean FinanceAssociation,2007,discussion

European FinanceAssociation,2006,paperpresentationEuropean FinanceAssociation,2006,discussion

European FinanceAssociation,2004,paperpresentation

SocietyofFinancialStudies,Finance Cavalcade, 2017,discussion

SocietyofFinancialStudies,Finance Cavalcade, 2014,discussion

SocietyofFinancialStudies,FinanceCavalcade,2012,discussion

SocietyofFinancialStudies, FinanceCavalcade,2011,paperpresentation

FinancialIntermediationResearch Society,2017,paper presentation

FinancialIntermediationResearch Society,2016,discussion

FinancialIntermediation Research Society,2015,twodiscussionsFinancialIntermediation Research Society,2006,paper presentation*

4thLabor and Finance Group Conference at ASU, 2017, paper presentation (scheduled)

WashingtonUniversity,OlinCorporateFinanceConference,2017,session chair, (scheduled)

WashingtonUniversity,OlinCorporateFinanceConference,2012,discussionWashingtonUniversity,OlinCorporateFinanceConference,2009,discussionWashingtonUniversity,OlinCorporateFinanceConference, 2007,discussion

Colorado Finance Summit, 2016, session chair

8thPrivate EquityFindingsSymposium, London Business School,2015,discussion

Kauffman/USPTOEntrepreneurialFinanceandInnovationConference, 2015, discussionKauffman/USPTOEntrepreneurialFinanceandInnovationConference, 2014, paperpresentationKauffman/USPTOEntrepreneurialFinanceandInnovationConference, 2012, paperpresentation*Kauffman/USPTOEntrepreneurialFinanceandInnovationConference,2011, paperpresentation*Kauffman/USPTOEntrepreneurialFinanceandInnovationConference,2010, paperpresentation*Kauffman/USPTOEntrepreneurialFinanceandInnovationConference,2010, discussion

FEAConference,UNC-ChapelHill,2014,discussionFEAConference,USC, 2012,discussion

FEAConference,Indiana University-Bloomington,2011,discussionFEAConference,Atlanta,2006,discussion

ChinaInternationalConference inFinance,2015, paper presentation*

ChinaInternationalConference inFinance,2011, paper presentation*

Florida StateUniversity,SpringFinance Conference, 2010,paperpresentationFlorida StateUniversity,SpringFinance Conference, 2009,discussion

Economics of Entrepreneurship andInnovation, 2013,paperpresentation

ASUSonoranWinterFinanceConference,2013,discussion

UNC-DukeCorporateFinanceConference, 2006,discussionUNC-Duke JointConference, 2004,discussion

JacksonHoleIPCWinterResearch Symposium, 2016,paperpresentationJacksonHole FinanceGroup,2007,paper presentation*

FirstInternationalConferenceinSingapore, 2007,discussion

RICAFEConference, 2008,paperpresentation*

RICAFEConference,2006,paperpresentation

RICAFEConference, 2006,discussion

RegionalComparativeAdvantageandKnowledge-Based Entrepreneurship(RICAFE)Conference,2005, paper presentation

(* indicatespresentation byco-author)

CONFERENCEORGANIZINGCOMMITTEEMEMBER

Western Finance Association Meetings

FinancialIntermediation Research Society

SFSCavalcade

European FinanceAssociation Meetings

Cambridge Corporate FinanceTheory Symposium

ColoradoFinanceSummit

MidwestFinance Association

ChinaInternationalConference inFinance

FEAConference

FMA

FMAAsia Pacific Meetings

FMA Europe

PhD STUDENTDISSERTATION SUPERVISION

YeCai,co-chair,UNC-Chapel Hill, 2010, placedatSanta ClaraUniversity

UgurCelikyurt,co-chair, UNC-Chapel Hill, 2008,placedatKocUniversity-IstanbulHung-ChiaHsu,committeemember, UNC-ChapelHill, 2007, placedattheUniversityofWisconsin-Milwaukee

RyanA, Krause,proposalexaminationcommitteemember,IndianaUniversity, 2012

MEDIA MENTIONS:

FinancialTimesAlphavilleBlog,M&ALawBlog, ResearchRecapBlog,Reuters

AD-HOCREVIEWERFOR:

FinancialManagement,FinancialReview,International Journal ofIndustrialOrganization,Journal of BankingandFinance,Journal of BusinessVenturing,Journal of CorporateFinance,Journal of EconomicsandManagement Strategy, Journal of EmpiricalFinance,Journal of CorporateFinance,Journal of Finance, Journal of FinancialIntermediation,ManagementScience,Review of CorporateFinance Studies,Reviewof Finance,Review ofFinancialStudies

AWARDS

2017MBATeachingExcellenceAward,KelleySchoolofBusiness

2017Trustees’TeachingAwardoftheKelleySchoolofBusiness, Finalist

2016MBATeachingExcellenceAward,KelleySchoolofBusiness

2014Distinguished MBA Core FacultyAward,Kenan-FlaglerBusinessSchool

2012Nominated for theTrustees’TeachingAwardoftheKelley

SchoolofBusiness

2012KelleySchoolof BusinessDean’sLetterforTeachingExcellence

2011Nominated for theTrustees’TeachingAwardoftheKelleySchoolofBusiness

2011KelleySchoolof BusinessDean’sLetterforTeachingExcellence

2010FacultyAppreciationAwardforTeachingDistinction,UNC-CH

2009FacultyAppreciationAwardforTeachingDistinction,UNC-CH

2008FacultyAppreciationAwardforTeachingDistinction,UNC-CH

2007FacultyAppreciationAwardforHighestTeaching Distinction,UNC-CH

2007RecipientoftheDean’sTeachingBonus,UNC-CH

2006WeatherSpoonAwardforTeachingExcellenceintheMBAProgram,UNC

2006FacultyAppreciationAwardforHighestTeachingDistinction,UNC-CH

2006RecipientoftheDean’sTeachingBonus,UNC-CH

2005FacultyAppreciationAwardforHighestTeachingDistinction,UNC-CH

2004FacultyAppreciationAwardforTeachingDistinction,UNC-CH

2003FacultyAppreciationAwardforTeachingDistinction,UNC-CH

1996-2000PhDFellowshipawarded byINSEAD

1996-2001SasakawaYoungLeadersFellowship

1995-1996British CouncilScholarship

1995-1996TurkishEducationalFoundationScholarship