Associate Professor of Finance in Hacettepe University, Turkey.
External Evaluator and Rapporteur of Marie Curie FP7 Research Projects to European Commission in Brussels, Belgium.
International Financial Markets
Islamic Banking and Finance
Research & Publications
(2018) “Avoiding Interest-Based Revenues While Constructing Shariah-Compliant Portfolios: False Negatives and False Positives” Journal of Portfolio Management, 44 (5), 136-143 (with Boudt, K and Raza, M.W.)
(2016) “Managers Set the Tone: Equity Incentives and the Tone of Earnings Press Releases” Journal of Banking and Finance, 72, 132-147 (with Boudt, K and Thewissen, J.)
(2016) “The Financial Reward for Environmental Performance in the Energy Sector” Energy and Environment (Forthcoming) (with Thewissen, J.)
(2014) "How is Moral Hazard Related to Financing R&D and Innovations?” European Research Studies Journal, 17(4), 111 – 131 (with Barnum, D; Karan, M.B. and Özdemir, H.)
(2014) “Financial Flexibility, Corporate Investment and Performance: Evidence from Financial Crises”, Review of Quantitative Finance and Accounting, 42(2), 211- 250. (with C. Florackis and Ozkan, A.)
(2012) "Quality in the Financial Sector from the Perspective of Consumer Credits", Total Quality Management and Business Excellence, 23 (11-12), 1453-1463 (with Karan, M.B. and Kucuktalasli,O.)
(2010) "Board Structure and Corporate Governance", Managing Global Transitions, 8(1), 3-22. (with Karan, M.B. and Ekşi, C.)
(2010) "Consumer Credit Risk Characteristics: Understanding Income and Expense Differentials", Emerging Markets Finance and Trade, 1 (46), 65-82 (with Karan, M.B.)
(2009) "Credit Risks and Internationalization of SMEs", Journal of Business, Economics and Management, 4(10), 361-368 (with Karan, M.B.)
(2006) “The Role of Cash Holdings on Investment-Cash Flow Sensitivity: Evidence from a Financial Crisis Period in an Emerging Market”, Emerging Markets Review, 7 (4), 320-338. (with Florackis, C. and Ozkan, A.)
(2006) “Ownership and Control as Determinants of Corporate Debt Maturity: A Panel Study of an Emerging Market”, Corporate Governance: An International Review, 14 (4), 312-324 (with Karan, M.B.)
(2016) The Green Thumb in the Energy Industry: The Impact of Managerial Political Affiliation on Corporate Environmental Performance, (Peer Reviewed), Springer-Verlag (with Thewissen, J.)
(2016) “The Financial Reward for Environmental Performance in Energy Sector, (Peer Reviewed), Springer-Verlag (with Thewissen, J.)
(2015) “The Impact of Environmental Strengths and Concerns on the Accounting Performance of Firms in the Energy Sector” in Energy Technology and Valuation Issues, (Peer Reviewed), Springer-Verlag (with Thewissen, J.)
(2014) “Geopolitical Market Concentration Risk of Turkish Crude Oil and Natural Gas Imports” in Perspectives in Energy, (Peer Reviewed), Springer-Verlag (with Khagleeva, I.)
(2012) “Dynamics of Crude oil Spot and Futures Markets” in Energy Economics and Financial Markets, (Peer Reviewed), Springer-Verlag (with Khagleeva, I.)
(2016) Editor of "Energy and Finance: Sustainability in the Energy Industry" Springer (with Dorsman, A. and Karan, M.B.) ISBN:978-3-319-32268-1
(2011) Editor of "Financial Aspects in Energy: The European Perspective" Springer (with Dorsman A., Westerman W. and Karan M.B.) ISBN: 978-3-642-19708-6
Awards & Affiliations
December 2017, UIC Business, Excellence in Teaching Award.
May 2016, UIC Silver Circle Teaching Award.
April 2010, "Doçent" degree awarded by the Inter University Council, Turkey.
May 2007, March 2008, April 2009, Erasmus-Socrates Program (European Council), teaching various Finance courses in German, Finnish and Polish universities.
August 2005 - October 2006, Jean Monnet Scholarship (European Council), leading to the award of full-time visiting Ph.D. studentship in University of York, UK, Department of Economics.
August 2005 - October 2006, Hacettepe University Senate Fellowship, leading to the award of full-time visiting Ph.D. studentship in University of York, UK, Department of Economics.
July 2005, Turkish Academy of Sciences (TUBA), participation support to the Multinational Finance Society, Annual Meeting in Athens, Greece.