Recent Submissions

  • Essays on foreign exchange 

    Uzun, Sevcan (Bilkent University, 2022-09)
    This thesis investigates the foreign exchange market dynamics by using high fre-quency data. There is a vast literature on currency markets. However, we aimed to bring a new light on the foreign exchange market dynamics ...
  • Essays on housing market and bank loans 

    Ayberk, İdil (Bilkent University, 2022-08)
    This dissertation comprises three essays about the housing market and banks’ loan portfolios at the province level in Turkey. The first essay focuses on the supply side of the housing market. The price elasticity of housing ...
  • Three essays on derivatives markets 

    Omole, Oluwakayode John (Bilkent University, 2022-01)
    This thesis comprises of three essays on derivatives markets. The first essay revisits the model-free methodology of the implied volatility index (VIX) and its global counterparts as empirically estimated. Then, we modify ...
  • Essays on investor attention 

    Bozok, İhsan (Bilkent University, 2022-01)
    This thesis investigates the impact of firm centrality and macroeconomic uncertainty on attention allocation decisions of investors. First, we examine whether investor attention towards stocks is related to firm centrality ...
  • Hedonic consumption practices of the disadvantaged and their well-being outcomes: a multimethod research on Syrian refugees in Turkey 

    Baktır, Zeynep (Bilkent University, 2021-08)
    Consumption may be a practical tool to cope with the challenges of displacement. While there is extensive research on vulnerable groups such as immigrants and the poor as consumers, research on refugee consumers is quite ...
  • Essays in international finance 

    Geyikçi, Utku Bora (Bilkent University, 2021-06)
    This thesis investigates FX market characteristics of emerging markets by exam-ining the uncovered and covered interest parity deviations, There is an extensive literature studying parity conditions in the currency markets. ...
  • Financial economics of cryptocurrency markets 

    Aslan, Aylin (Bilkent University, 2021-01)
    The financial sector is currently experiencing a gradual change, driven by near-term digital and technological innovations. Emerging distributed ledger technologies (DLT), such as Blockchain, open new avenues for investors ...
  • Institutional investment horizon, herding, and stock returns 

    Iqbal, Muhammad Sabeeh (Bilkent University, 2020-12)
    This thesis investigates the interaction between the herding behavior of institutions classified by their investment horizons and the role of investment horizon of institutions in driving the book-to-market effect. First, ...
  • Systemic risk and financial networks 

    Sümer, Tuba Pelin (Bilkent University, 2019-12)
    This thesis investigates the interbank relations of Turkish banks with each other and foreign banks abroad. In the first chapter, we focus on the interbank relations between domestic banks and study the effects of bank ...
  • Essays in empirical finance 

    Serdengeçti, Süleyman (Bilkent University, 2019-12)
    This thesis comprise three essays that investigate foreign exchange market volatility and its dynamics using high frequency exchange rate data. In the first essay, we decompose the jump component of USDTRY exchange rate ...
  • Essays on financial connectivity and stability 

    Demir, Müge (Bilkent University, 2019-11)
    This thesis investigates the structure of cross-border lending market by using network analysis and examines the relationship between financial connectivity and probability of systemic crises, controlling for macroeconomic ...
  • Informed trading in borsa İstanbul 

    Tiniç, Murat (Bilkent University, 2019-05)
    This thesis investigates how information asymmetry affects asset prices in Borsa İstanbul. In the first chapter, we introduce the R package InfoTrad that estimates the probability of informed trading. Next, we examine ...
  • Agency costs in an emerging market : investigating business groups 

    Bakıcıol, Tamer (Bilkent University, 2017-09)
    Positive abnormal returns around loan announcements imply that banks have unique expertise in information production about borrowers. I study abnormal returns around loans that Turkish listed firms secure from international ...
  • Essays in corporate finance : an analysis of stock market investment patterns in emerging countries from a behavioral and a traditional perspective 

    Usul, Naime (Bilkent University, 2017-06)
    This thesis investigates the investment patterns in emerging stock markets first from a behavioral then from a traditional perspective. The first two chapters deal with affective motivations in the stock investment decision. ...
  • Mergers and acquisitions during financial crises 

    Yılmaz, Işıl Sevilay (Bilkent University, 2016-09)
    This thesis investigates the effects of financial crises on mergers and acquisitions (M&A) activity. We investigate if M&A deals in crisis periods differ in terms of dollar volume and quantity of deals, target and bidder ...
  • Consumers and their brands : acting out personal mythologies in a 'global' brand community 

    Yenicioğlu, M. Baskın (Bilkent University, 2006)
    Brand communities have been theorized to be a crucial source for marketers to build long-term customer centered brand loyalty and a place where consumers can experience the long lost traditional community. Despite this ...
  • Origins of a consumer culture in an early modern context : Ottoman Bursa 

    Karababa, Eminegül (Bilkent University, 2006)
    Studies on the origins of the modern consumer culture generally focus on the early modern western context with the inherent assumption that today’s modern consumer culture had its origins in the early modern west. This ...
  • Inflexible firm commitments, operating leverage risk and expected returns 

    Doğan, Figen Güneş (Bilkent University, 2015-07)
    Labor is one of the most important input to the firm. Firms pay wages to employees in return for their human capital. Operating leases are the largest source of external financing to the firm. Labor costs and non-cancellable ...
  • Analysis of fixed income securities in an emerging market 

    Keleş, Gürsu (Bilkent University, 2016-05)
    This thesis intends to analyze the yields of fixed income securities in an emerging market, Turkey. To this end, an international macroeconomic model is set up to capture the stylized facts in the interest rate dynamics ...
  • The emergence and evolution of a politicized market : the production and circulation of Kurdish music Turkey 

    Kuruoğlu, Alev Pınar (Bilkent University, 2015)
    This dissertation explicates the emergence and evolution of a market for Kurdish music in Turkey. Using ethnographic methods, I start by detailing the illegal circulation of cassettes during the restrictive and strife-laden ...

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