University of Southern California

Selale Tuzel
Associate Professor of Finance and Business Economics

USC Marshall School of Business
Los Angeles, CA 90089-0804

PhD, UCLA; MBA, San Diego State University; BS, Bilkent Universiy


Selale Tuzel conducts research at the intersection of finance, real estate, and macroeconomics. Her work aims to integrate real estate into asset pricing both at the theoretical and the empirical front, and has been published in the Journal of Financial Economics and the Review of Financial Studies.


Tuzel, S., and Zhang, M. (2017) "Local Risk, Local Factors, and Asset Prices," Journal of Finance, 72 (1), 325-370.
Tuzel, S., and Zhang, B. (2015) "Local Risk, Local Factors, and Asset Prices," Journal of Finance, Forthcoming.
Tuzel, S., Imrohoroglu, A., and Matobe, K. (2015) "Proposition 13: An Equilibrium Analysis,".
Imrohoroglu, A., and Tuzel, S. (2014) "Firm Level Productivity, Risk and Return," Management Science, 60 (8), 2073-2090.
Tuzel, S., and Jones, C. S. (2013) "Inventory Investment and the Cost of Capital," Journal of Financial Economics, 107, 557-579.
Jones, C. S., and Tuzel, S. (2013) "New Orders and Asset Prices," Review of Financial Studies, 26 (1), 115-157.
Tuzel, S. (2010) "Corporate Real Estate Holdings and the Cross Section of Stock Returns," Review of Financial Studies, 23, Lead Article.
Tuzel, S., Piazzesi, M., and Schneider, M. (2007) "Housing, Consumption and Asset Pricing," Journal of Financial Economics, 83 (3), 531-792 (Lead Article).