Gjergji Cici is an associate professor of finance and the Dean’s Fellow at the University of Kansas School of Business. He also is a Research Fellow at the Centre for Financial Research at the University of Cologne, Germany. Prior to joining KU in 2018, he was the Thomas L. Owen Professor and associate professor of finance at the College of William and Mary. After receiving his Ph.D. in finance from the University of Minnesota, he became associate director of research for Wharton Research Data Services (WRDS) at the Wharton School of Business.
His research has been published in Journal of Financial Economics, Review of Financial Studies, Journal of Financial and Quantitative Analysis, Review of Finance, Real Estate Economics, Journal of Financial Intermediation, and Journal of Banking and Finance, among others. Professor Cici's research has been discussed in various regulatory proposals related to the mutual fund industry and featured in more than 40 articles in the business press, including the Financial Times, New York Times, Wall Street Journal, Barron's, Bloomberg, and Pensions & Investments.
- Ph.D. in Finance, University of Minnesota (2004)
- B.S. in Business Administration, University of Minnesota (1998)
Professor Cici currently teaches Investment Theory & Applications and Business Valuation at the undergraduate level. Prior to joining KU, he taught in the undergraduate and MBA programs at the College of William and Mary, where he was also the faculty instructor and advisor for the Frank Batten fund, an MBA student-managed fund with more than one million dollars in assets.
Professor Cici's current research interests include the behavior and incentives of professional money managers, portfolio performance evaluation, formation and utilization of human capital, and agency issues in the asset management industry.
Cici, G. Gehde-Trapp, M. Goericke, M. & Kempf, A. (2018). The Investment Value of Mutual Fund Managers’ Experience Outside the Financial Sector. The Review of Financial Studies, 31, 3821-3853.
Cici, G. Dahm, L. & Kempf, A. (2018). Trading Efficiency of Fund Families: Impact on Fund Performance and Investment Behavior. Journal of Banking and Finance, 88, 1-14.
Cici, G. Kempf, A. & Sorhage, C. (2017). Are Financial Advisors Useful? Evidence from Tax-Motivated Mutual Fund Flows. Review of Finance, 21, 637-665.
Cici, G. Jaspersen, S. & Kempf, A. (2017). Speed of Information Diffusion within Fund Families. Review of Asset Pricing Studies, 7, 144-170.
Cici, G. & Rosenfeld, C. (2016). A study of analyst-run mutual funds: The abilities and roles of buy-side analysts. Journal of Empirical Finance, 36, 8-29.
Cici, G. Kempf, A. & Puetz, A. (2016). The Valuation of Hedge Funds’ Equity Positions. Journal of Financial and Quantitative Analysis, 51(3), 1013-1037.
Cici, G. Gibson, S. Gunduz, J. & Merrick, J. (2015). Market Transparency and the Marking Precision of Bond Mutual Fund Managers . Journal of Portfolio Management, 41, 126-137.
Cici, G. & Palacios, L. (2015). On the Use of Options by Mutual Funds: Do They Know What They Are Doing? Journal of Banking and Finance, 50, 157-168.
Cici, G. & Gibson, S. (2012). The Performance of Corporate-Bond Mutual Funds: Evidence Based on Security- Level Holdings. Journal of Financial and Quantitative Analysis, 47(1), 159-178.
Cici, G. (2012). The Prevalence of the Disposition Effect in Mutual Funds' Trades. Journal of Financial and Quantitative Analysis, 47, 795-820.
Cici, G. Corgel, J. & Gibson, S. (2011). Can Fund Managers Select Outperforming REITs? Examining Fund Holdings and Trades. Real Estate Economics, 39, 455-486.
Cici, G. Gibson, S. & Merrick, J. (2011). Missing the Marks: Dispersion in Corporate Bond Valuations across Mutual Funds. Journal of Financial Economics , 101(1), 206-226.
Cici, G. Gibson, S. & Moussawi, R. (2010). Mutual Fund Performance when Parent Firms Simultaneously Manage Hedge Funds. Journal of Financial Intermediation, 19(2), 169-187.
Boldin, M. & Cici, G. (2010). The Index Fund Rationality Paradox. Journal of Banking and Finance, 34(1), 33-43.
Alexander, G. Cici, G. & Gibson, S. (2007). Does Motivation Matter When Assessing Trade Performance? An Analysis of Mutual Funds. Review of Financial Studies, 20, 125-150.