ANKARA YILDIRIM BEYAZIT UNIVERSITY


 

BUSINESS SCHOOL

nbceylan
 
 
Nildağ Başak Ceylan PhD 
 
Professor of Finance

 

 

 

 

 


Research Interests


Financial Markets, International Finance

Academic Degrees

  • PhD degree Management, Gazi, 2004.
  • Master's degree Management, Baskent, 1999.
  • Bachelor's degree Mathematics, METU, 1996.

Academic Appointments

2014 - Professor, Ankara Yıldırım Beyazıt University 
2011 - 2014 Associate Professor, Ankara Yıldırım Beyazıt University 
2008 - 2011 Associate Professor, Atılım University
2004 - 2007 Assistant Professor, Atılım University


Current Teaching Activities

  1. BF 304 Financial Markets and Institutions
  2. BF 309 Real Estate Finance
  3. BF 401 International Finance
  4. BF 402 Bank Management
  5. BF 503 Financial Markets and Institutions
  6. BF 504 International Finance
  7. BF 603 Financial Markets and Institutions
  8. BF 606 International Finance
  9. BF 703 Financial Markets and Institutions (Master in Turkish)
  10. BF 704 International Finance (Master in Turkish)
  11. PUBF 331 Capital Markets and Financial Institutions
  12. BAF 418 Real Estate Finance and Investment (Çankaya University - BSc)

Selected Publications


Books and Book Chapters

  • Omar, H. H., Ceylan, N. B., Kapusuzoglu, A. (2020). "The Effects of Exchange Rate on Export Performance in Tanzania: An Empirical Research for Financial Competition" (Book Chapter), Handbook of Research on Decision-Making Techniques in Financial Marketing, H. Dincer and S. Yuksel (eds), Part 1, Chapter 3, 47-67,  IGI Global Publishing.
  • Karatas, H., Ceylan, N. B., Kapusuzoglu, A. (2019). "A Comparative Analysis of Drivers of Secondary Market Liquidity in Financial Markets for Investment Analysis: Evidence from Turkey" (Book Chapter), Handbook of Research on Global Issues in Financial Communication and Investment Decision Making, H. Dincer and S. Yuksel (eds.), Part 4, Chapter 16, 340-366, IGI Global Publishing.
  • Kurtar, H., Kapusuzoglu, A., Ceylan, N. B. (2019). "Investment Decision Process in Oil Economy for Major Oil Exporting and Importing Countries" (Book Chapter), Handbook of Research on Global Issues in Financial Communication and Investment Decision Making, H. Dincer and S. Yuksel (eds.), Part 3, Chapter 12, 236-255, IGI Global Publishing.
  • Hailu, S. M., Kapusuzoglu, A., Ceylan, N. B. (2019). "The Role of Islamic Financial Product Innovation in Reduction of Financial Exclusion in Ethiopia" (Book Chapter), Handbook of Research on Managerial Thinking in Global Business, H. Dincer and S. Yuksel (eds.), Part 4, Chapter 24, 426-446, IGI Global Publishing, doi: 10.4018/978-1-5225-7180-3.ch024.
  • Ceylan, N. B., Kapusuzoglu, A. (2018). "Women in the World of Finance" (Book Chapter), A Comparative Study of Women Issues, S. Gunes Peschke and L. Peschke (eds.), Women in Economy Part, Chapter 7, 87-92, Herstellung und Verlag: BoD-Books on Demand, Norderstedt.
  • Kapusuzoglu, A., Ceylan, N. B. (2018). "Trading Volume, Volatility, and GARCH Effects in Borsa İstanbul" (Book Chapter), Strategic Design and Innovative Thinking in Business Operations: The Role of Business Culture and Risk Management, H. Dincer et al. (eds.), Part 4, Chapter 17, 333-347, Springer International Publishing, doi: 10.1007/978-3-319-77622-4_17.
  • Kapusuzoglu, A., Ceylan, N. B. (2018). "Modigliani Miller İlgisizlik Teorisi" (Kitap Bölümü), Finansın Temel Teorileri, A. Gundogdu (ed.), Bölüm 2, 15-38, Beta Basım Yayın Dağıtım.
  • Kapusuzoglu, A., Ceylan, N. B. (2018). "Opsiyon Fiyatlama Teorisi" (Kitap Bölümü), Finansın Temel Teorileri, A. Gundogdu (ed.), Bölüm 9, 195-225, Beta Basım Yayın Dağıtım.
  • Kapusuzoglu, A., Ceylan, N. B. (2017). "The Impact of Russian Economy on the Trade, Foreign Direct Investment and Economic Growth of Turkey: Pre- and Post-Global Financial Crisis" (Book Chapter), Global Financial Crisis and Its Ramifications on Capital Markets: Opportunities and Threats in Volatile Economic Conditions, U. Hacioglu and H. Dincer (eds.), Part 3, Chapter 20, 275-286, Springer International Publishing, doi: 10.1007/978-3-319-47021-4.

 

Journal Articles

  1. Simonetti, B., Kapusuzoglu, A., Ceylan, N. B. (2019). The Causality among Tourism Related Factors and GDP for EU Members. Scientific Bulletin-Economic Sciences, 18(2), 3-9.
  2. Kapusuzoglu, A., Ceylan, N. B., Memis, A. (2019). The Relationship between Consumer Credit and Consumer Confidence Index. Eurasian Journal of Researches in Social and Economics (Avrasya Sosyal ve Ekonomi Araştırmaları Dergisi), 6(7), 1-8.
  3. Kurtar, H., Kapusuzoglu, A., Ceylan, N. B. (2019). Oil Markets and Stock Prices:  An Empirical Analysis from Russia, Canada, USA and Japan. Journal of Business Research (İşletme Araştırmaları Dergisi), 11(1), 558-574.
  4. Kapusuzoglu, A., Liang, X., Ceylan, N. B. (2018). "Macroeconomics Impacts of Global Food Price Shocks on the Economy of Turkey". Agricultural Economics-Zemedelska Ekonomika, 64(11), 517-525, doi: 10.17221/261/2017-AGRIECON. SSCI
  5. Kalloub, M., Kapusuzoglu, A., Ceylan, N. B. (2018). Basel III Adoption by G20 Members Impact on Their Credit Rating. Eurasian Journal of Economics & Finance, 6(1), 47-55, doi: 10.15604/ejef.2018.06.01.005. 
  6. Kapusuzoglu, A., Ceylan, N. B. (2018). Stock Market Development and Economic Growth: Evidence from a Set of Emerging Market Countries. Scientific Bulletin-Economic Sciences, 17(Special Issue), 63-68. 
  7. Kapusuzoglu, A., Ceylan, N. B. (2018). Multidimensional Scaling for Credit Default Swap (CDS): Evidence from OECD Countries. Scientific Bulletin-Economic Sciences, 17(Special Issue), 3-8.
  8. Varlik, S. , N. B. Ceylan, and M. H. Berument (2015). "Assessing the Effects of a Policy Rate Shock on Market Interest Rates: Interest Rate Pass-Through with a FAVAR Model - The Case of Turkey for the Inflation-Targeting Period". Journal of Money, Investment and Banking, 30.
  9. Ceylan, N. B., B. Dogan and M. H. Berument (2015). “Three-factor asset pricing model and portfolio holdings of foreign investors: evidence from an emerging market – Borsa Istanbul”. Economic Research-Ekonomska Istraživanja, 28 (1), 467-486. SSCI
  10. Berument, M. H., N. B. Ceylan and B. Dogan (2014). “An interest rate-spread-based measure of Turkish monetary policy". Applied Economics, 46 (15), 1804-1813. SSCI
  11. Berument, M. H. and N. B. Ceylan (2013). “Soccer and stock market risk: Empirical Evidence from the Istanbul Stock Exchange”. Psychological Reports, 12 (3), 763-770. SSCI
  12. Berument, M. H., N. B. Ceylan and B. Onar (2013). “Football and the risk–return relationship for a stock market: Borsa Istanbul”. Emerging Markets Finance & Trade, 49 (2), 19–30. SSCI
  13. Doğanay, M. M., N. B. Ceylan, E. Tokat and R. Aktaş (2013). ” A re-examination of return and volatility dynamics in the ISE 30 cash and futures markets”. Journal of Emerging Issues in Economics, Finance and Banking, 2 (1), 599-615.
  14. Berument, M. H.; Ceylan, N. B. (2012). "Efects of soccer on stock markets: The return-volatility relationship", Social Science Journal, 49(3), pp.368-374. SSCI
  15. Öğüt, H., Doğanay, M. M., Ceylan, N. B., Aktaş, R. (2012). "Prediction of bank financial strength ratings: The case of Turkey" , Economic Modelling, 29, 3, 632–640. SSCI
  16. Berument, M. H, N. B. Ceylan and N. Dogan (2010). “The impact of oil price shocks on the economic growth of selected MENA countries”. The Energy Journal, 31 (1), 594-600. SSCI
  17. Berument, M. H, N. B. Ceylan and G. Ogut-Eker (2009). “Soccer, stock returns and fanaticism: Evidence from Turkey”. The Social Science Journal, 46 (3), 594-600. SSCI
  18. Celikyilmaz, I. B. Türkşen, R. Aktaş, M. M. Doganay and N. B. Ceylan (2009). “Increasing accuracy of two-class pattern recognition with enhanced fuzzy functions”. Expert Systems with Applications, 36 (2), 1337-1354. SCI
  19. Berument, H., N.B. Ceylan ve H. Olgun (2007). “Inflation Uncertainty and Interest Rates: Is the Fisher Relation Universal?”. Applied Economics, 39 (1), 53-68. SSCI
  20. Berument, H., N.B. Ceylan ve E. Gozpinar (2006). “Performance of Soccer on the Stock Market: Evidence from Turkey”. Social Science Journal, 43 (4), 695-699. SSCI
  21. Berument, H., N.B. Ceylan ve B. Vural (2006). “The Effects of Japanese Economic Performance on Indonesia”. Applied Economics Letters, 13 (8), 499-502. SSCI
  22. Berument, M. H. and N. B. Ceylan (2010). “The effects of anticipated and unanticipated Federal Funds Target Rate changes on domestic interest rates: International evidence”. International Review of Applied Financial Issues and Economics, 2 (2).
  23. Berument, H ve N. B.Ceylan (2008). “US Monetary Policy Surprises and Foreign Interest Rates: Evidence from a Set of MENA Countries” Review of Middle East Economics and Finance, 4 (2).
  24. Berument, H., N. B. Ceylan ve B. Vural (2007). “The Effect Of World Income On The Economic Performance Of African Countries,” International Journal of Economic Perspectives, 1 (4), 183-194.
  25. Berument, H., N.B. Ceylan ve H. Olgun (2007). “The Effects of Changes in the Anticipated and Unanticipated FED Funds Target Rate Changes on Financial Indicators: The Case of An Emerging Market Country -Turkey”. International Research Journal of Finance and Economics, 7, 40-47.
  26. Berument, H., N. B. Ceylan ve E. Yucel (2006). “The Differential Sectoral Effects of Policy Shocks: Evidence from Turkey,” Yapı Kredi Economic Review, 17(2), 75-101.
  27. Ceylan, N. B. (2006). “The Effects of G-7 Countries’ Stock Markets on the Istanbul Stock Exchange” ISE Review, 8(32), 37-55.
  28. Ceylan, N. B. (2006). “Faiz Oranı ve Enflasyon Belirsizliği İlişkisi” Iktisat, İşletme ve Finans Dergisi, 21(240), 98-114.
  29. Başçı, S. ve N. B. Ceylan (2006). “Makroekonomik Değişkenlerin Borsa Getirisi ve Oynaklığı Üzerindeki Etkisi: Türkiye Örneği,” Iktisat, İşletme ve Finans Dergisi, 22(249), 30-36.
  30. Doğanay, M. M., N. B. Ceylan ve R. Aktas (2006). “Predicting Financial Failure of the Turkish Banks”. Annals of Financial Economics, 1, 97-117.
  31. Ceylan, N. B. ve B. Doğan (2004). “Comovements of Stock Markets Among Selected OIC Countries”. Journal of Economic Cooperation, 25 (3), 47-63.

Conference Papers

    • Kara, H. T., Ceylan, N. B., Kapusuzoglu, A., Kara, S. (2020). Ekonomi Politikalarındaki Belirsizliğin Finans Piyasalarına Etkisi: Türkiye Örneği. Birinci Uluslararası Sosyal Bilimler Kongresi: 21. Yüzyılda Ekonomi, Siyaset ve Çevre Boyutlarıyla Dünya, Nisan 10-12, 2020, Ankara - Türkiye, Forthcoming.
    • Simonetti, B., Kapusuzoglu, A., Ceylan, N. B. (2019). The Causality among Tourism Related Factors and GDP for EU Members. 5th International Conference on Emerging Trends and Approaches: Creative Thinking and Innovation in Knowledge based Economy, November 15-16, 2019, Pitesti - Romania.
    • Oumarou, S., Ceylan, N. B., Kapusuzoglu, A. (2019). The Relationship between Financial Development and Economic Growth in Niger. 5th International Conference on Emerging Trends and Approaches: Creative Thinking and Innovation in Knowledge based Economy, November 15-16, 2019, Pitesti - Romania.
    • Kapusuzoglu, A., Ceylan, N. B. (2019). House Sales to Foreigners and Residential Prices for Antalya. 5th International Conference on Emerging Trends and Approaches: Creative Thinking and Innovation in Knowledge based Economy, November 15-16, 2019, Pitesti - Romania.
    • Kara, H. T., Ceylan, N. B., Kapusuzoglu, A. (2019). Global Economic Uncertainty and its Effects on Selected Emerging Market Countries. V. Wroclaw Conference in Finance, September 24-25, 2019, Wroclaw - Poland.
    • Memis, A., Kapusuzoglu, A., Ceylan, N. B. (2019). Avrupa Birliği'ne Aday Ülkelerde Yenilenebilir Enerji Tüketimi, Ekonomik Büyüme ve Nüfus Yoğunluğunun Karbon Emisyonu Üzerindeki Etkisi: Panel Veri Analizi. International Conference on Empirical Economics and Social Sciences (ICEESS), June, 20-22, 2019, Bandırma - Balıkesir. 
    • Kapusuzoglu, A., Ceylan, N.B., Memis, A. (2019). The Relationship between Consumer Credit and Consumer Confidence Index: Evidence from Turkey. ASEAD V. International Social Sciences Symposium, April, 27-29, 2019, Kemer - Antalya.
    • Memis, A., Kapusuzoglu, A., Ceylan, N. B. (2019). Türkiye'de Katılım Endeksi ile Emtia Fiyatları Arasındaki İlişkinin Analizi. International Conference on Applied Economics and Finance & Extended with Social Sciences, April, 9-11, 2019, Girne - Northern Cyprus.
    • Kapusuzoglu, A., Ceylan, N. B., Memis, A. (2019). Avrupa Birliği ile Aday Ülkeler Arasındaki İlişkinin Makroekonomik Analizi: Çok Boyutlu Ölçekleme Yaklaşımı. International Conference on Applied Economics and Finance & Extended with Social Sciences, April, 9-11, 2019, Girne - Northern Cyprus. 
    • Kapusuzoglu, A., Ceylan, N. B. (2019). The Effect of Producer Price Index on the Consumer Price Index for Turkey. Erasmus International Academic Research Symposium, April, 5-6, 2019, Izmir - Turkey.
    • Karatas, H., Ceylan, N. B., Kapusuzoglu, A. (2018). A Comparative Analysis of Drivers of Secondary Market Liquidity in Bond and Stock Markets after Global Financial Crisis in Turkey. IV. Wroclaw Conference in Finance, September 26-27, 2018, Wroclaw - Poland.
    • Kapusuzoglu, A., Ceylan, N. B. (2018). The Relationship among the Tourism Revenue, Tourism Expenditure, Number of Tourist Arrivals and Borsa Istanbul Tourism Index: Evidence from Turkey. 2nd International Research Symposium in Tourism Hospitality and Events - Contemporary Issues and Future Scenarios, May 24, 2018, Sunderland - United Kingdom.
    • Ceylan, N. B., Kapusuzoglu, A. (2018). Women in the World of Finance: Evidence from Turkey. II. International Women's Congress, May 9-11, 2018, Como - Italy
    • Kapusuzoglu, A., Ceylan, N. B. (2018). Nexus between Renewable Electricity Generation and Economic Growth in Turkey. 1st International Congress of Political, Economic and Financial Analysis, April 26-28, 2018, Aydın - Turkey.
    • Kapusuzoglu, A., Ceylan, N. B. (2018). Consumer Confidence and the Stock Market: Evidence from Turkey. 14th International Conference on Social Sciences, March 2-3, 2018, Frankfurt - Germany.
    • Kurtar, H., Kapusuzoglu, A., Ceylan, N. B. (2018). Oil Prices and Stock Markets: An Empirical Analysis from Russia, Canada, U.S. and Japan. XV. European Conference on Social and Behavioral Sciences, February 1-3, 2018, Aydın - Turkey.
    • Kapusuzoglu, A., Ceylan, N. B. (2017). Stock Market Development and Economic Growth: Evidence from A Set of Emerging Market Countries. 3rd International Conference on Applied Economics and Finance, December 6-7, 2017, Girne - Northern Cyprus.
    • Kapusuzoglu, A., Ceylan, N. B. (2017). Energy Consumption, Economic Growth and CO2 Emissions: Evidence from Turkey. 3rd International Conference on Applied Economics and Finance, December 6-7, 2017, Girne - Northern Cyprus.
    • Kapusuzoglu, A., Ceylan, N. B. (2017). Does Tourism Revenue Contribute Economic Growth in Turkey? 3rd International Conference on Applied Economics and Finance, December 6-7, 2017, Girne - Northern Cyprus.
    • Kalloub, M., Kapusuzoglu, A., Ceylan, N. B. (2017). BASEL III Adoption by G20 Members Impacts on Their Credit Rating. 3rd International Conference on Emerging Trends and Approaches: Creative Thinking and Innovation in Knowledge based Economy, November 10-11, 2017, Pitesti - Romania.
    • Hailu, S., Kapusuzoglu, A., Ceylan, N. B. (2017). The Role of Islamic Finance in Reduction of Financial Exclusion in Ethiopia. 13th International Conference on Social Sciences, October 6-7, 2017, Vienna - Austria.
    • Omar, H. H., Ceylan, N. B., Kapusuzoglu, A. (2017). Effects of Exchange Rate on Export Performance: A Case Study of Tanzania. III. Wroclaw Conference in Finance (WROFIN), September 13-14, 2017, Wroclaw-Poland.
    • Kapusuzoglu, A., Ceylan, N. B. (2017). Trading Volume, Volatility, and GARCH Effects in Borsa Istanbul.International Conference on Economics, Finance and Management, April 13-15, 2017, Istanbul - Turkey.
    • Kapusuzoglu, A., Ceylan, N. B. (2017). Can Turkey's Export and Import be Explained by the Economic Growth of Germany? International Conference on Economics, Finance and Management, April 13-15, 2017, Istanbul - Turkey.
    • Kapusuzoglu, A., Ceylan, N. B. (2016). The Effect of Foreign Bank Entry on the Financial Performance of the Commercial Banks in Turkey. 2nd International Conference on Applied Economics and Finance, December 5-6, 2016, Girne - Northern Cyprus.
    • Kapusuzoglu, A., Ceylan, N. B. (2016). How Does Turkey's Macroeconomy Response to the World Oil Prices Shock? International Conference on Energy, Environment and Economics, August 16-18, 2016, Edinburgh - United Kingdom.
  • Kapusuzoglu, A., Ceylan, N. B. (2016). Macroeconomic Impacts of Global Food Price Shocks on the Economy of Turkey. International Academic Conference on Business & Economics, April 11-13, 2016, Vienna - Austria.
  • Ceylan, N. B., B. Dogan and M. H. Berument (2015). “The Economic Cycles and Performance Banking sector: Commercial versus Islamic Banking”. 80th International Atlantic Economic Society Conference, October, 8-11, 2015.
  • Ceylan, N. B., B. Dogan and M. H. Berument (2014). “Three-Factor Asset Pricing Model and Portfolio Holdings of Foreign Investors: Evidence from an Emerging market - Borsa Istanbul," World Finance Conference, Venice, Italy - Ca` Foscari University July, 2-4, 2014.
  • Berument, M. H., N. B. Ceylan and B. Dogan (2013). “Examining the Effect of Foreign Portfolio Investments on Borsa Istanbul Using Fama-French Three Factor Model,” Multinational Finance Society, 20. Annual Conference, İzmir-Türkiye, 29 Haziran-03 Temmuz 2013.
  • Berument, M. H. and N. B. Ceylan (2012). “Football and Stock Market Risk: Empirical Evidence The Istanbul Stock Exchange,” Multinational Finance Society, 19. Annual Conference, Krakow-Polonya, 24-27 Haziran 2012.
  • Berument, M. H. and N. B. Ceylan (2011). “Effects of football on stock markets: return-volatility relationship,” Multinational Finance Society, 18. Annual Conference, Rome-Italy, 26-29 June 2011.
  • Berument, H., N. B. Ceylan and H. Olgun (2006). “Effect of football on stock market: Risk-return relationship”. The University of Mannheim workshop on Economics and Psychology of Football, 2-3 June 2006.
  • Ceylan, N. B. and S. Basci (2006). “Sectoral analysis of the relationship between returns, output growth and inflation”, 2nd. International Conference on Business, Management and Economics, İzmir/Çeşme-Turkey, 15-18 June 2006.
  • Berument, H. and N. B. Ceylan (2005). “The impact of oil price shocks on the economic growth of the selected MENA Countries”, ERF (Economic Research Forum), 19-21.12.2005, Cairo-Egypt.
  • Basci, S. and N. B. Ceylan (2005) “Modelling stock returns and volatility with forward looking inflation: A Case for Turkey”, European Economic and Finance Society, Coimbra-Portugal, 21.05.2005.

Memberships

  • Mathematical Association (Matematikçiler Derneği)

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Ankara Yıldırım Beyazıt Üniversitesi, İşletme Fakültesi, Esenboğa/Ankara Tel: (0312) 906 16-47/48, Fax: (0312) 906 29 61  emailisletme@ybu.edu.tr