Şenay Ağca

Şenay Ağca is Professor of Finance and the Chief Diversity Officer at the George Washington University School of Business. Her research interests are corporate finance, corporate-government dynamics, macro-finance, credit risk, supply chain, bioeconomy, and political economy. She has published in major journals, and her papers, including those with her PhD students, are nominated for best paper awards. She has won diverse grants, such as the National Science Foundation Grant, J. Wendell and Louise Crain Research Fellowship, GW-CIBER research grants, American Consortium on European Union Studies grant, GW-Institute for Corporate Responsibility grant, and Dean’s scholarship. She has worked at the National Science Foundation, responsible for economics program, and worked in developing and managing interdisciplinary programs such as COVID-19, Future Manufacturing, Bioeconomy, Science of Broadening Participation, Harnessing the Data Revolution, the Grant Opportunities for Academic Liaison for Industry, and 2026 NSF idea machine. She is a member of the Advisory Board at a joint NSF-NBER project on advancing external funding opportunities for underrepresented institutions. She has also worked as a visiting scholar at the International Monetary Fund and Sciences Po at various periods since 2006.

Defense Contracts Are Going to the Best Connected, Not Necessarily the Best

In new research, Şenay Ağca and Deniz Igan use the shock of the September 11 attacks and declaration of war on Afghanistan...

Latest news

Income Inequality May Worsen the Spread of Infectious Disease

Income inequality may exacerbate the spread of infectious diseases. In a new paper, Jay Bhattacharya, Joydeep Bhattacharya, and Min Kyong Kim examine the relationship between income inequality and the incidence and prevalence of tuberculosis across countries.

The Classic Theory of Albert O. Hirschman Argues Against the US Chamber’s Case for Non-Competes

Drawing on the theory of Albert O. Hirschman’s  Exit, Voice, and Loyalty, Brian Callaci argues non-compete clauses stifle the important channels of communication between employees and businesses necessary for improving firm competitiveness. The evidence also shows that, despite claims from businesses, non-competes harm rather than reward employees for their loyalty. 

AI For the Antitrust Regulator

Cary Coglianese lays out the potential, and the considerations, for antitrust regulators to use machine learning and artificial intelligence algorithms.

Creation over Time in Copyright and Patent

On May 18, the United States Supreme Court decided two intellectual property cases with two seemingly different results. A closer look, however, reveals a complimentary concern with the monopolistic power of first movers and how the legal system should enable innovation from second movers over time, writes Randy Picker.

ESG Standards’ Good, Bad and Ugly

The Stigler Center for the Study of the Economy and the State hosted a virtual event discussing the standards, metrics and disclosures of investments focused on Environmental, Social and Governance (ESG) goals. The following is a transcript of the event.


Lee Hepner and William J. McGee respond to Clifford Winston’s ProMarket piece asserting that further deregulation of the airline industry would resolve problems in the industry. Instead, the authors claim a return to regulation would produce better results for travelers.

A World With Far Fewer Mergers

Brooke Fox and Walter Frick analyze research and ideas presented at the Stigler Center Antitrust and Competition Conference that question the value of mergers.