Özgür Arslan-Ayaydin

Clinical Professor and Assistant Department Head

Department of Finance

Contact

Building & Room:

UH 2129

Address:

601 S. Morgan St., Chicago, IL 60607

Office Phone:

(312) 355-0882

Email:

orslan@uic.edu

CV Link:

Özgür Arslan-Ayaydin

Related Sites:

Google Scholar Page

About

Experience

Director of Undergraduate Studies, Department of Finance
Associate Professor of Finance in Hacettepe University, Turkey.
External Evaluator and Rapporteur of Marie Curie FP7 Research Projects to European Commission in Brussels, Belgium.

Classes Taught

International Financial Markets
International Finance
Investments
Corporate Finance
Islamic Banking and Finance

Selected Publications

Publications

(Forthcoming) “Picturing Success: The Informational Role of Visual Cues in Initial Coin Offerings”, British Accounting Review, (with Xia, F., Herrezuelo, D.B., Thewissen, J. and Yan, S.)
(2023) “A Sense of Risk: Responses to Crowdfunding Risk Disclosures”, Strategic Entrepreneurship Journal, 17(4), 925-970 with Shrestha, P., Parhankangas, A. and Thewissen, J.)
(2023) “Linguistic Errors and Investment Decisions: The Case of ICO Whitepapers,” European Journal of Finance, (with Thewissen, J., Thewissen, J. and Torsin, W.)
(2022) “Is Cross-Listing a Panacea for Improving Earnings Quality? The Case of H- and B-share Firms in China,” International Review of Financial Analysis, 81, 102113, (with Chen, S., Ni, S., and Thewissen, J.)
(2021) “Disclosure Tone Management and Labor Unions,” Journal of Business Finance & Accounting,” (with Thewissen, J. and Torsin, W.)
(2021) “Institutions, Regulations and Initial Coin Offerings: An International Perspective,” International Review of Economics and Finance, (with Shrestha, P., J. Thewissen, W. Torsin)
(2021) “Does Managerial Ability Affect Disclosure? Evidence from Earnings Press Releases,” Asian Review of Accounting, (with Yan, B, J. Thewissen and W. Torsin)
(2020) “Managerial career concerns and the content of corporate disclosures: An analysis of the tone of earnings press releases,” International Review of Financial Analysis, (with Bishara, N., Thewissen, J. and Torsin, W.)
(2020) “Do Sukuk Provide Diversification Benefits to Conventional Bond Investors? Evidence from Turkey,” Global Finance Journal, (with Pirgaip, B. and Karan, M.B.)
(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) “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.)
(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.)

Book Chapters

(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.)

Books

(2024) Editor of “The ESG Framework and the Energy Industry: Demand and Supply, Market Policies, and Value Creation” Springer (with Dorsman, A., Thewissen, J., and Westerman, W.) ISBN:978-3031484568
(2020) Editor of “Regulations in the Energy Industry: Financial, Economic and Legal Implications,” Springer (with Dorsman, A. and Thewissen, J.) ISBN:978-3030322953
(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

Notable Honors

2024, UIC Excellence in Teaching Award, UIC

2017, Excellence in Teaching Award, UIC Business

2016, Silver Circle Teaching Award, UIC

2010, "Doçent" Degree, Inter University Council, Turkey

2005-06, Jean Monnet Scholarship (European Council), University of York, UK

Education

Hacettepe University, Ph.D. , Turkey.
University of York,(Visiting PhD Student), UK.
University of Leicester, MBA in Finance, UK.
Hacettepe University, B.Sc. in Economics, Turkey.