N. Buğra Özel

Professor of Accounting | 📈 Wealth Economics Enthusiast | 🏛️ Specializing in Disclosure and Corporate Compliance |⚽ Soccer Fan | 📊 Stock & Bond Trader

[N. Buğra Özel @NB_Ozel]

@bsrxyg 😂

[Review of Accounting Studies @RastJournal]

✨ "Consensus Credit Ratings: A View from Banks"

🎓By N. Bugra Ozel (@NB_Ozel @jindal_utdallas), Alexander Nekrasov (@UICnews), Chenqi Zhu & Ben Lourie (both @UCIrvine)

📚Read more: https://t.co/JCKq2oikZX
🔓#OpenAccess #SeptemberIssue

[Review of Accounting Studies @RastJournal]

#Fintech is reshaping credit risk info. Study by @NB_Ozel (@jindal_utdallas), Nekrasov (UIC), Lourie & Zhu (@UCIrvine_MBA) finds bank ratings differ from CRA ratings, offering unique insights for hard-to-rate firms & improving default & spread predictions. https://t.co/JCKq2oikZX

[N. Buğra Özel @NB_Ozel]

@JeanMarieMeier @SFSjournals This is a very nice paper. Well deserved! Congratulations to both of you!

[N. Buğra Özel @NB_Ozel]

Thank you @noamscheiber for bringing worker misclassification to avoid overtime into attention and featuring our work! @nytimes @umitgurun @jindal_utdallas

[Noam Scheiber @noamscheiber]

How can an employer save on overtime costs? Bump rank-and-file employees over the federal cutoff for mandatory overtime and give them a dubious-sounding manager title, like “lead reservationist” and “food cart manager." https://t.co/uR7t6r4GVf

[N. Buğra Özel @NB_Ozel]

@malcolmwardlaw That is great to hear, Malcolm! Congratulations!

[Mike @Doranimated]

In Germany, PKK supporters set fire to humanitarian aid collected for earthquake victims in Turkey. A police spokesman said, “The footage recorded by surveillance cameras is being studied. In the footage, we see how two people removed the Turkish flag and threw it into the fire.”

[N. Buğra Özel @NB_Ozel]

@ProfAnalytics When S&P downgraded the US’s rating in 2011 same concerns were raised. I think the evidence is there that such leaks do occur. Can and how does one curb trading on info generated by a third party? Legality of it seems to be blurrier in some cases too.
https://t.co/dy0utbTVIl

[Peter Coy @petercoy]

My newsletter today:
The Dying Practice of Time and a Half https://t.co/7RRGbAjeJD

[N. Buğra Özel @NB_Ozel]

This is unacceptable. Sorry to hear Daniele.

[Daniele Macciocchi @daniele_maccio]

While trying to @Uber to the airport I was discriminated against, insulted, and stolen from. @Uber_Support sent me a $5 voucher (to cover $900 loss!) and told me they can’t do anything because “the driver is an independent contractor”… Pathetic! Customer care and safety!?? No.

[N. Buğra Özel @NB_Ozel]

Combined with the lack of proper incentives to comply with labor laws (which @annastansbury neatly documents here: https://t.co/n3vlIVH3NS), the lack of transparency in the labor market allows firms to exploit employees more easily.

[N. Buğra Özel @NB_Ozel]

Thank you, @annastansbury, for sharing a great summary of our study. The labor market is notoriously opaque. Even public firms do not have clear and reliable disclosures about their total payroll or the number of employees.

[Anna Stansbury @annastansbury]

How to avoid paying overtime? Make your Front Desk Clerk a "Director of First Impressions".

Cohen, @umitgurun & @NB_Ozel have a compelling new @nberpubs WP suggesting that mamy firms give fake managerial job titles to avoid paying overtime. (1)

[N. Buğra Özel @NB_Ozel]

Our paper suggests that one way firms take advantage of the lack of transparency in the labor market is through their strategic use of managerial titles.

[N. Buğra Özel @NB_Ozel]

The paper is here:

https://t.co/07O1ICpCEV

[N. Buğra Özel @NB_Ozel]

Understanding insiders’ incentives better can help with the enforcement of insider trading laws. In a paper forthcoming @JAE, @Nathan_Goldman and I show that executives trade more on potentially nonpublic information after tax rate hikes and recoup up to 19% of lost compensation.

[NBER @nberpubs]

A study finds widespread evidence of firms using suspect managerial titles (e.g., "Director of First Impressions”) to avoid paying overtime wages to employees, from Lauren Cohen, Umit Gurun, and @NB_Ozel https://t.co/VqNo2Qosym

[Anna Stansbury @annastansbury]

How to avoid paying overtime? Make your Front Desk Clerk a "Director of First Impressions".

Cohen, @umitgurun & @NB_Ozel have a compelling new @nberpubs WP suggesting that mamy firms give fake managerial job titles to avoid paying overtime. (1)

[N. Buğra Özel @NB_Ozel]

Is he saying that he forgot to unhide the column that lists the liabilities in the spreadsheet?

I am wondering how FTX’s auditors are going to respond to this.