Bulent Gultekin

Bulent Gultekin is an Associate Professor of Finance at the Wharton School of Finance and Commerce, University of Pennsylvania, where he has been affiliated since 1981. His expertise spans corporate finance, capital markets, financial development, and privatization. He has held visiting appointments at the University of Chicago and Koc University, Istanbul.

• PhD, University of Pennsylvania, 1976
• AM, University of Pennsylvania, 1975
• MA, Bogazici University, 1974
• BSc, Robert College, 1969

Gultekin’s research focuses on corporate finance, capital market dynamics, and economic reform through privatization. His work examines government intervention in financial markets, risk pricing in international contexts, and empirical testing of financial theories like the Arbitrage Pricing Theory (APT). He has served as a senior privatization adviser to governments including Ukraine, Kazakhstan, Uzbekistan, Poland, Indonesia, Turkmenistan, and Turkey, as well as organizations such as the World Bank and United Nations Development Program.

His publications analyze capital market segmentation, bond risk measurement, and the limitations of factor-analytic approaches in financial theory. Recent courses include FNCE7510 - Finance of Buyouts & Acquisitions, FNCE7030 - Advanced Corporate Finance, and FNCE8970 - Finance in Emerging Markets.

Scientific Awards

• WEMBA Program Teaching Award, 2003
• Teaching Excellence Award, Wharton Executive MBA Program, 2003–2007

Gultekin has supervised numerous independent study projects (FNCE3990, FNCE8990) and contributed to Wharton’s global modular courses, including finance studies in the Middle East and Europe. His leadership roles include trustee positions at Koc University and the American University in Bulgaria, and directorships at Sumerbank and the Central Bank of Turkey.