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RESEARCH

During the past fifteen years, the Department of Banking and Finance has focused on various areas of research, including Issues of Efficiency, the Environment, Gender, and Herd Behavior; Exchange rate volatility; Outside indicators such as News Articles; Turkish markets compared to those of Europe, the US, and the World; and X-efficiency and Return to Scale.

Below is a list of Bilkent-affiliated publications by faculty from the Department of Banking and Finance.

Journal Publications

2017

• B.C. Erbas and E. Guven Solakoglu, "In the presence of climate change, the use of fertilizers and the effect of income on agricultural emissions", Sustainability, 2017 Vol. 9, No. 11, 1989. [See Sustainability.]
• C. Tunc, M.N. Solakoglu, "Not all firms react the same to exchange rate volatility? A firm level study", International Review of Economics and Finance, 2017 Vol. 51, 417-430. [See Science Direct.]

2016

• C. Tunc, M.N. Solakoglu, "Does exchange rate volatility matter for international sales? Evidence from US firm level data", Economics Letters, 2016 Vol. 149, 152-156. [See Science Direct.]
• M.N. Solakoglu, N. Demir, "The role of firm characteristics on the relationship between gender diversity and firm performance", Management Decision, 2016, Vol. 54, 1407–1419. [See Emerald Insight.]

2015

• N. Demir, M.N. Solakoglu, E. Guven Solakoglu, "A Test for a functioning market economy: Seton's eigenprices for Turkey," Economic Systems Research, 2015 Vol. 27, No. 3, 362–373. [See Taylor & Francis Online.]
• M.N. Solakoglu, N. Demir, "The effect of news on return volatility and volatility persistence: The Turkish economy during crisis", Emerging Markets Finance & Trade , 2015, Vol. 50, 249-263. [See Emerging Markets Finance and Trade .]

2014

• M.N. Solakoglu, N. Demir, "Sentimental herding in Borsa Istanbul: informed versus uninformed," Applied Economics Letters, 2014, Vol. 21, No. 14, 965-968. [See Taylor & Francis Online.]

2013

• E. Guven Solakoglu, S. Er, M.N. Solakoglu, "Technical Efficiency in Cotton Production: The Role of Premium Payments in Turkey," Transition Studies Review, vol. (2013) (PDF)
• E. Guven Solakoglu, M.N. Solakoglu, N. Demir, "The role of progress factors explaining inefficiencies in Transition countries," Transition Studies Review, vol. 19, pp. 261-274 (2013) (PDF)
• M.N. Solakoglu, "The role of gender diversity on firm performance: a regression quantile approach," Applied Economics Letters, vol. 20, pp. 1562-1566 (2013) (PDF)

2012

• N. Demir, S. Ayture, S.E. Mahmud, "X-Efficiency, Returns to Scale and Profitability: Turkey's Banks Before and After the Financial Liberalization," Asia Pacific Journal of Applied Finance, vol. 1, pp. 1-12 (2012)
• E. Guven Solakoglu, A. Civan, "Does morbidity matter? Perceived health status in explaining the shareof healthcare expenditures," Applied Economics, vol. 44, pp. 2027-2034 (2012) (PDF)

2010

• N. Demir, S. Mahmud, S. Babuscu, "Depository Banks Were Trapped High Inflation into Cost Inefficiency: The Turkish Experience," International Research Journal of Finance and Economics, vol. 44, pp. 105-111 (2010)
• M.N. Solakoglu, "Exchange rate exposure and real exports," Applied Economics Letters, vol. 17, pp. 457-462 (2010)

2008

• E. Saatci, "Problem-Based Learning in an Intercultural Business Communication Course: Communication Challenges Within Intercultural Relationships in Internationalizing Small and Medium-Sized Enterprises," Journal of Business and Technical Communications, vol. 22, pp. 237-260 (2008)
• E. Guven Solakoglu, "The Effect of Railroads and Price Responsiveness on Acreage Decisions in the Postbellum Period," Applied Economics, vol. 40, pp. 765-771 (2008)
• M.N. Solakoglu, E. Guven Solakoglu, T. Demirag, "Exchange Rate Volatility and Exports: A Firm-level Analysis," Applied Economics, vol. 40, pp. 921-929 (2008)

2007

• O. Culpan, T. Marzotto, N. Demir, "Foreign banks: executive jobs for Turkish Women?," Women in Management Review, vol. 22, pp. 608-630 (2007)
• E. Guven Solakoglu, "The effect of property rights on the relationship between economic growth and pollution for transition economies," Eastern European Economics, vol. 45, pp. 77-94 (2007)
• S. Zaim, N. Bayyurt, A. Turkyilmaz, M.N. Solakoglu, H. Zaim, "Measuring and Evaluating Efficiency of Hospitals Through Total Quality Management: A Multi-criteria Data Envelopment Analysis," J of Transnational Management, vol. 12, pp. 77-97 (2007)

2005

• N. Demir, S. Mahmud, S. Babuscu, "The Technical Inefficiency Effects of Turkish Banks After Financial Liberalization," Developing Economies, vol. 43, pp. 396-411 (2005)

2004

• E. Saatci, "Integrating Financial Analysis into Presentations," Business Communication Quarterly, vol. 67, pp. 316-326 (2004)

2003

• S. Sayan, N. Demir, "The structural change in agriculture and water requirements in Turkey," Research in Middle East Economics, vol. 5, pp. 289-315 (2003)

2002

• N. Demir, S. Mahmud, "Agro-Climatic Conditions and Regional Technical Inefficiencies in Agriculture," Canadian Journal of Agricultural Economics, vol. 50, pp. 269-280 (2002)

1999

• N. Demir, S. Mahmud, "Regional technical efficiency in the Turkish agriculture: a note," Indian Economic Review, vol. 33, pp. 197-206 (1999)

1998

• S. Sayan, N. Demir, "Measuring the degree of block interdependence," Applied Economics Letters, vol. 5, pp. 329-332 (1998)

Chapters in Books

• 2016: N. Demir, M.N. Solakoglu, "Herding in Middle Eastern Frontier Markets: Are local and global factors important," Handbook of Frontier Markets: Evidence from Middle East, North Africa and International Comparative StudiesP. Andrikopoulos, G. Gregoriou, and V. Kallinterakis (Eds.), pp. 3-17, Academic Press, Elsevier. Available in ScienceDirect.
• 2014: N. Demir, S.F. Mahmud, M.N. Solakoglu , "Sentiment and Beta Herding in Borsa Istanbul (BIST)," Risk Management Post Financial Crisis: A Period of Monetary Easing, J.A. Batten, N.F. Wagner (Eds.), pp. 389-400, Emerald Group Publishing Limited; Contemporary Studies in Economic and Financial Analysis as Volume 96.
• 2011: M.N. Solakoglu, M. Orhan, "Impact of macroeconomic indicators on short selling: Evidence from the Tokyo Stock Exchange," Handbook of Short Selling, G.N. Gregoriou (Eds.), pp. 287-301, Elsevier
• 2010: M.N. Solakoglu, E. Guven Solakoglu, "Does currency risk depress the flow of trade? Evidence from the European Union and Transition countries" in the Emerging Markets: Performance, Analysis, and Innovation (Edited by Greg N. Gregoriou), pp. 203-214, Chapman & Hall/CRC Finance Series, CRC press, Taylor and Francis group
• 2009: M.N. Solakoglu, "7 entries "Futures Contract", "Option Contract", "Long Position", "Exercise Option", "Public Offering", "Strike Price", "Multi-Strategy Fund"," Encyclopedia of Alternative Investments, G.N. Gregoriou (Eds.), pp. 171-449, Chapman-Hall/Routledge Taylor and Francis London: UK
• 2009: A. Köse, M.N. Solakoglu, "Kriz aşamasında şirketlerde finansal planlama faaliyetleri", in the Kriz Yönetimi (Edited by Haluk Sumer and Helmut Pernsteiner), pp. 235-262, Istanbul Bilgi Universitesi yayınları
• 2009: M.N. Solakoglu, N. Demir, M. Orhan, "Are Macroeconomic Variables Important for the Stock Market Volatility? Evidence from the Istanbul Stock Exchange", Stock Market Volatility, Gregoriou, G.N. (ed.), pp. 519-533., Chapman & Hall/CRC Finance Series, CRC press, Taylor and Francis group
• 2009: M.N. Solakoglu, A. Köse, "Operational Risk and Stock Market Return", Operational Risk Towards Basel III: Best Practices and Issues in Modeling, Management and Regulation, Edited by Greg N. Gregoriou, John Wiley and Sons
• 2008: M. Orhan, M.N. Solakoglu, "The Role of Macro and Country-Specific Factors on the Use of Credit Derivatives: Sovereign Credit Default Swap Market," The Credit Derivatives Handbook, G.N. Gregoriou, P.U. Ali (Eds.), pp. 77-90, McGraw-Hill
• 2007: M.N. Solakoglu, M. Orhan, "Influence of M&A's on Firm Value: Turkish Experience," Mergers and Acquisitions, G.N. Gregoriou, K.N. Neuhauser (Eds.), pp. 83-95, Palgrave-Macmillan

Edited Volumes

• 2008: "Turk Edebiyati Tarihi", Editors: M. Kalpaklı, O. Horata, Y. Celik, N. Demir, R. Korkmaz, O. Oğuz, Kültür ve Turizm Bakanlığı Yayınları (2008)