Özgür Arslan-Ayaydin, PhD
Clinical Professor
Assistant Department Head
Department of Finance
Contact
Building & Room:
UH 2129
Address:
601 S. Morgan St., Chicago, IL 60607
Email:
CV Link:
Related Sites:
About
Özgür Arslan-Ayaydin is Clinical Professor of Finance, Assistant Department Head, and Director of Undergraduate Studies at the University of Illinois Chicago College of Business Administration. A prolific researcher with 32 peer-reviewed publications and four Springer-published books, she is one of the most internationally recognized finance faculty members at UIC — having taught, researched, and lectured across Turkey, the UK, Germany, Finland, Poland, and the United States.
Her research spans corporate governance, corporate disclosure, ESG and sustainability, energy finance, Islamic banking, fintech, and crowdfunding — with work published in the Journal of Banking and Finance, Strategic Entrepreneurship Journal, International Review of Financial Analysis, Journal of Business Finance and Accounting, and Global Finance Journal, among others. Her Journal of Business Finance and Accounting article on disclosure tone and labor unions was recognized as the journal’s top-cited article among work published between 2021 and 2022.
An exceptional educator, Professor Arslan-Ayaydin has earned the UIC Silver Circle Award (2016), the UIC College of Business Administration Excellence in Teaching Award (2017), and UIC’s Award for Excellence in Teaching (2024–25) — the latter being UIC’s highest university-wide teaching honor — while consistently achieving near-perfect student evaluations across more than a dozen finance courses.
Selected Publications
- Arslan-Ayaydin, Ö., De Rongé, Y., Izquierdo Montfort, O., Thewissen, J., Wilmet, S., (2026). Do circular economy strategies create value? Evidence from the United States. Business Strategy and the Environment.
- Arslan-Ayaydin, Ö., Shrestha, P., Thewissen, J., Yan, B. (2026). Topics that matter: ESG reports and information asymmetry. Journal of Financial Research.
- Arslan-Ayaydin, Ö., Barrio Herrezuelo, D., Thewissen, J. (2025). Hitting the right note: The impact of lexical complexity on initial coin offering success. Financial Review.
- Arslan-Ayaydin, Ö., Herrezuelo, D. B., Thewissen, J., Xia, F., Yan, S. (2024). Picturing success: The informational role of visual cues in initial coin offerings. British Accounting Review.
- Arslan-Ayaydin, Ö., Parhankangas, A., Shrestha, P., Thewissen, J.(2023). A sense of risk: Responses to crowdfunding risk disclosures. Strategic Entrepreneurship Journal, 17 (4), 925–970.
- Arslan-Ayaydin, Ö.,Thewissen, J., Torsin, W.(2023). Linguistic errors and investment decisions: The case of ICO whitepapers. European Journal of Finance.
Notable Honors
2025–2026, Innovative Online Course Design (IOCD) Award, UIC Instructional Design and Media Production Studio
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
2005–2006, Jean Monnet Scholarship (European Council), University of York, UK
Education
PhD, Business Administration (Corporate Finance) — Hacettepe University (2006); Visiting PhD student, University of York
MBA, Finance — University of Leicester
BSc, Economics — Hacettepe University