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Publication Metadata only Bank risk management in emerging markets after the enhanced Basel rules(World Scientific Publishing Co., 2011) Candan, Hasan; N/A; Özün, Alper; Faculty Member; Graduate School of BusinessN/APublication Metadata only Benchmark replication portfolio strategies(Palgrave Macmillan Ltd, 2013) Zolotoy, Leon; Department of Business Administration; Glabadanidis, Paskalis; Faculty Member; Department of Business Administration; College of Administrative Sciences and Economics; N/AWe propose a novel approach to the benchmark replication problem that uses a minimum tracking error variance as an objective subject to a target expected outperformance. When no budget constraint is imposed on the replicating portfolio, the solution is a two-fund portfolio involving the standard hedge portfolio and the tangent portfolio constructed using the replicating securities. In the presence of a budget constraint, the solution is a three-fund portfolio, which includes, in addition, the minimum variance portfolio constructed using the replicating securities. We implement our theoretical results using recent data for three widely followed US stock indices with very good out-of-sample performance.Publication Metadata only Creating a functioning European Union(Palgrave, 2011) Department of Business Administration; Akdeniz, Özlem Olgu; Teaching Faculty; Department of Business Administration; College of Administrative Sciences and Economics; 113156Publication Metadata only Economic development and its impact on Turkish banking sector(IGI Global, 2015) Department of Business Administration; Akdeniz, Özlem Olgu; İpek, Hatice; Teaching Faculty; Master Student; Department of Business Administration; College of Administrative Sciences and Economics; Graduate School of Social Sciences and Humanities; 113156; N/AThis chapter aims to understand the impact of major macroeconomic and regulatory changes on the Turkish banking sector. The authors specifically focus on the financial liberalization program of 1980s, inherent banking problems of 1990s, the 1994 currency crisis, the IMF stabilization program, the 2000-2001 financial crises, and the banking sector restructuring program of May 2001. © 2015, IGI Global.Publication Metadata only European banking enlargement, structural changes and recent developments concluding remarks(Palgrave, 2011) Department of Business Administration; Akdeniz, Özlem Olgu; Teaching Faculty; Department of Business Administration; College of Administrative Sciences and Economics; 113156Publication Metadata only Evaluation of branch-based efficiency in Turkish deposit banks: evidence from privately-owned banks(IGI Global, 2015) Hacioğlu, Ümit; Dinçer, Hasan; Department of Business Administration; Akdeniz, Özlem Olgu; Teaching Faculty; Department of Business Administration; College of Administrative Sciences and Economics; 113156The aim of the chapter is to measure the non-interest income based branch efficiency among privatelyowned banks in the Turkish banking sector between 2008 and 2012. The chapter is built on the three inputs and three outputs model of bank branch efficiency and empirical results are constructed with the data envelopment analysis (DEA) in the limitation of input-orientated constant returns to scale model. The results demonstrate that all privately-owned banks improve non-interest based efficiency performance by the years and mean efficiency in the sector regularly rises due to the increasing overall competitive factors. © 2015, IGI Global.Publication Metadata only Financial analysis of oil and gas exploration companies operating in Egypt(IGI Global, 2015) Department of Business Administration; Akdeniz, Özlem Olgu; Teaching Faculty; Department of Business Administration; College of Administrative Sciences and Economics; 113156This chapter studied financial statements of the three main oil and gas EandP companies in Egypt comparing 2009, 2010, 2011 and 2012 figures. The analysis is conducted with the help of horizontal and vertical analysis of income statements and balance sheets as well as financial ratios. All financial statements are obtained from the corporate web sites of relevant companies. © 2015, IGI Global.Publication Metadata only Handbook of research on strategic developments and regulatory practice in global finance(IGI Global, 2015) Hacioğlu, Ümit; Dinçer, Hasan; Department of Business Administration; Akdeniz, Özlem Olgu; Teaching Faculty; Department of Business Administration; College of Administrative Sciences and Economics; 113156The global financial crisis has called to attention the importance of financial development to economic growth as modern countries continue to struggle with debt, unemployment, and slow growth. However, a lack of agreement on how to define and measure financial development slows the development of global financial systems and markets. The Handbook of Research on Strategic Developments and Regulatory Practice in Global Finance creates a common framework for not only identifying but discussing the key factors in establishing a strong global market and financial system. This book will be a valuable reference for those interested in an in-depth understanding of the financial markets and global finance, including academics, professionals, and government agencies and institutions. © 2015 by IGI Global. All rights reserved.Publication Metadata only How an ipo helps in m&a(Wiley, 2010) Sevilir, Merih; Shivdasani, Anil; Department of Business Administration; Çelikyurt, Uğur; Faculty Member; Department of Business Administration; College of Administrative Sciences and Economics; 47082An initial public offering (IPO) can often provide a powerful stimulus to private companies seeking to pursue an acquisition- driven growth strategy. Based on a comprehensive analysis of U.S. IPOs, the authors show that newly public companies are prolific acquirers. Over 30% of companies conducting an IPO make at least one acquisition in their IPO year, and the typical IPO firm makes about four acquisitions during its first five years as a public company. IPOs facilitate MandA not only by providing infusions of capital but also by creating ongoing access to equity and debt markets for cash-financed deals. In addition, IPOs create an acquisition currency that can prove valuable in stock-financed deals when the shares are attractively priced. The authors also argue that IPOs improve the ability of companies to conduct MandA by resolving some of the valuation uncertainty facing privately held companies.Publication Metadata only Maximizing excess return per unit variance: a novel investment management objective(Palgrave Macmillan Ltd, 2016) Department of Business Administration; Glabadanidis, Paskalis; Faculty Member; Department of Business Administration; College of Administrative Sciences and Economics; N/AI propose a novel investment objective for portfolios fully invested in risky assets only. The new objective is based on achieving the highest possible excess return per unit of variance. The optimal portfolio is a linear combination of the tangent portfolio and the minimum variance portfolio where the weights are inversely proportional to the standard deviation of the return of each portfolio. Using a standard factor model of securities' returns, I provide an empirical application of the optimal portfolio and show that it performs quite well out-of-sample relative to the maximum Sharpe ratio portfolio as well as the minimum variance portfolio.