Dr. Tuugi Chuluun, CFA

Dr. Tuugi Chuluun, CFA

Associate Professor of Finance
Travelers Scholar


Sellinger Hall 407

Research Areas

Corporate finance, international finance, behavioral finance, network and text analysis

Academic Degrees

PhD, Georgia Institute of Technology
MA, Ohio University
BA, Ohio University


“How White is the Global Elite? An Analysis of Race, Gender and Network Structure” (with Kevin Young, Seth Goldman, and Brendan O’Connor) Global Networks forthcoming

Bencsik, Panka and Chuluun, Tuugi “Comparative Well-being of the Self-employed and the Employed in the U.S.” (with Panka Bencsik) Small Business Economics, 2019.

Pinto, Sergio and Bencsik, Panka and Chiluun, Tuugi and Graham, Carol “Presidential Elections, Divided Politics, and Happiness in the USA” (with Sergio Pinto, Panka Bencsik, and Carol Graham) Economica, 2020; featured in The Economist (No author)

“Comparative Well-being of the Self-employed and the Employed in the U.S.” (with Panka Bencsik) Small Business Economics, 2019, https://doi.org/10.1007/s11187-019-00221-1

“Firm Network Structure and Innovation” (with Andrew Prevost and Arun Upadhyay), Journal of Corporate Finance, 44, 2017, 193-214

 “Global Portfolio Investment Network and Stock Market Comovement,” Global Finance Journal, 33, 2017, 51-68

"Local Happiness and Firm Behavior: Do Firms in Happy Places Invest More?" (with Carol Graham) Journal of Economic Behavior and Organization, 125, 2016, 41-56 Featured at HBR.org, brookings.edu, ozy.com

“Who is Happy in the Land of Eternal Blue Sky? Some Insights from a First Study of Well-Being in Mongolia," (with Carol Graham and Sarandavaa Myanganbuu) International Journal of Wellbeing, 6(3), 2016, 49-70.

“The Role of Underwriter Networks in IPOs,” Journal of Banking and Finance, 51, 2015, 62–78

“Board Ties and the Cost of Corporate Debt,” (with Andrew Prevost and John Puthenpurackal) Financial Management, 43(3), 2014, 533-568

“Investment Intensity of Currencies and the Random Walk Hypothesis: Cross-Currency Evidence,” (with Cheol Eun and Rehim Kilic) Journal of Banking and Finance, 35(2), 2011, 372-387


“International Financial Management,” 9th edition (with Cheol Eun and Bruce Resnick), McGraw Hill

Professional Experience/Certification

Chartered Financial Analyst

Professional Memberships

American Finance Association
Financial Management Association
International Network for Social Network Analysis
CFA Institute and CFA Society Baltimore

Working Papers

“Future Orientation and Uncertain Tone: Evidence from Corporate Discourse” (with Siamak Javadi, Takeshi Nishikawa, and Andrew Prevost)