Özgür Arslan-Ayaydin
Clinical Professor
Assistant Department Head
Department of Finance
Contact
Building & Room:
UH 2129
Address:
601 S. Morgan St., Chicago, IL 60607
Office Phone:
Email:
CV Link:
Related Sites:
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
- 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.
- Arslan-Ayaydin, Ö., Chen, S., Ni, S., Thewissen, J.(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.
- Arslan-Ayaydin, Ö., Thewissen, J., Torsin, W.(2021). Disclosure tone management and labor unions. Journal of Business Finance and Accounting.
- Arslan-Ayaydin, Ö., Shrestha, P., Thewissen, J., Torsin, W.(2021). Institutions, regulations and initial coin offerings: An international perspective. International Review of Economics and Finance.
- Arslan-Ayaydin, Ö., Thewissen, J., Torsin, W, Yan, B. (2021). Does managerial ability affect disclosure? Evidence from earnings press releases. Asian Review of Accounting.
- Arslan-Ayaydin, Ö., Bishara, N., Thewissen, J., Torsin, W.(2020). Managerial career concerns and the content of corporate disclosures: An analysis of the tone of earnings press releases. International Review of Financial Analysis.
- Arslan-Ayaydin, Ö., Karan, M. B., Pirgaip, B. (2020). Do Sukuk provide diversification benefits to conventional bond investors? Evidence from Turkey. Global Finance Journal.
- Arslan-Ayaydin, Ö., Boudt, K., & Raza, M. W. (2018). Avoiding interest based revenues while constructing Shariah compliant portfolios: False negatives and false positives. Journal of Portfolio Management, 44(5), 136–143.
- Arslan-Ayaydin, Ö., Boudt, K., & Thewissen, J. (2016). Managers set the tone: Equity incentives and the tone of earnings press releases. Journal of Banking and Finance, 72, 132–147.
- Arslan-Ayaydin, Ö., Thewissen, J.(2016). The financial reward for environmental performance in the energy sector. Energy and Environment.
- Arslan-Ayaydin, Ö., Florackis, C., & Ozkan, A. (2014). Financial flexibility, corporate investment and performance: Evidence from financial crises. Review of Quantitative Finance and Accounting, 42(2), 211–250.
- Arslan-Ayaydin, Ö., Karan, M. B. (2010). Consumer credit risk characteristics: Understanding income and expense differentials. Emerging Markets Finance and Trade, 46(1), 65–82.
- Arslan-Ayaydin, Ö., Karan, M. B.(2009). Credit risks and internationalization of SMEs. Journal of Business Economics and Management, 10(4), 361–368.
- Arslan-Ayaydin, Ö., Florackis, C., & Ozkan, A. (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.
- Arslan-Ayaydin, Ö., Karan, M. B.(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.
Book Chapters
- Arslan-Ayaydin, Ö., Thewissen, J. (2016). The green thumb in the energy industry: The impact of managerial political affiliation on corporate environmental performance. Springer-Verlag.
- Arslan-Ayaydin, Ö., Thewissen, J.(2016). The financial reward for environmental performance in energy sector. Springer-Verlag.
- Arslan-Ayaydin, Ö., 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. Springer-Verlag.
- Arslan-Ayaydin, Ö., Khagleeva, I., (2014). Geopolitical market concentration risk of Turkish crude oil and natural gas imports. In Perspectives in energy. Springer-Verlag.
- Arslan-Ayaydin, Ö., Khagleeva, I.(2012). Dynamics of crude oil spot and futures markets. In Energy economics and financial markets. Springer-Verlag.
Books
- Arslan-Ayaydin, Ö., Dorsman, A., Thewissen, J., & Westerman, W. (Eds.). (2024). The ESG framework and the energy industry: Demand and supply, market policies, and value creation. Springer.
- Arslan-Ayaydin, Ö., Dorsman, A., Thewissen, J. (Eds.). (2020). Regulations in the energy industry: Financial, economic and legal implications. Springer.
- Arslan-Ayaydin, Ö., Dorsman, A., Karan, M. B. (Eds.). (2016). Energy and finance: Sustainability in the energy industry. Springer.
- Arslan-Ayaydin, Ö., Dorsman, A., Westerman, W., & Karan, M. B. (Eds.). (2011). Financial aspects in energy: The European perspective. Springer.
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
2005-06, 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.