Chair of Corporate Finance

The Chair of Corporate Finance strives to produce a broad range of finance-related research insights addressing topics of interest to academic researchers, practitioners, and policy makers.

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CSR, the Economy and Financial Markets

Current research topics include the analysis of corporate governance indices & firm value, gender issues in executive compensation, mergers & acquisitions, executive compensation, and the evolution of corporate ownership.

Theses Team

Our publications - Covering topics on finance, corporate governance and more

Finance and Accounting Group

When, and why, do teams benefit from self-selection?

Fischer, M., Rilke, R., Yurtoglu, B. (2023), When, and why, do teams benefit from self-selection?, Experimental Economics, Vol. 26 (4), pp. 749–774.

Finance and Accounting Group

How useful are commercial corporate governance ratings?

Black, B., De Carvalho, A. G., Kim, W., Yurtoglu, B. (2023), How useful are commercial corporate governance ratings? Evidence from emerging markets, Journal of Corporate Finance, Vol. 80, 102405.

Finance and Accounting Group

It is not only what you say, but how you say it

Yurtoglu, B., Naumer, H.-J. (2022), It is not only what you say, but how you say it: ESG, corporate news and the impact on CDS spreads, Global Finance Journal, Vol. 52, 100571.

Finance and Accounting Group

Board characteristics and the insolvency risk of non-financial firms

Maier, F., Yurtoglu, B. (2022), Board characteristics and the insolvency risk of non-financial firms, Journal of Risk and Financial Management, Vol. 15 (7), 303.

Finance and Accounting Group

The role of internal M&A teams in takeovers

Aktas, N., Boone, A., Witkowski, A., Xu, G., Yurtoglu, B. (2021), The role of internal M&A teams in takeovers, Review of Finance, Vol. 25 (4), pp. 1047–1088.

Finance and Accounting Group

Female directors, board committees, and firm performance

Ararat, M., Yurtoglu, B. (2021), Female directors, board committees, and firm performance: time-series evidence from Turkey, Emerging Markets Review, Vol. 48, 100768.

Finance and Accounting Group

Corporate governance in emerging markets

Ararat, M., Claessens, S., Yurtoglu, B. (2021), Corporate governance in emerging markets: a selective review and an agenda for future research, Emerging Markets Review, Vol. 48, 100767.

Finance and Accounting Group

Family ownership, market development, and internationalization of Turkish business groups (1925-2017)

Karaevli, A., Yurtoglu, B. (2021), Family ownership, market development, and internationalization of Turkish business groups (1925-2017), Journal of World Business, Vol. 56 (6), 101264.

Finance and Accounting Group

Which aspects of corporate governance do and do not matter in emerging markets

Black, B., Gledson De Carvalho, A., Khanna, V., Kim, W., Yurtoglu, B. (2020), Which aspects of corporate governance do and do not matter in emerging markets, Journal of Law, Finance, and Accounting, Vol. 5 (1), pp. 137-177.

Finance and Accounting Group

Returns on different types of investment in the global pharmaceutical industry

Mahlich, J., Yurtoglu, B. (2019), Returns on different types of investment in the global pharmaceutical industry, Managerial and Decision Economics, Vol. 40 (1), pp. 16-36.

Finance and Accounting Group

When, and why, do teams benefit from self-selection?

Fischer, M., Rilke, R., Yurtoglu, B. (2023), When, and why, do teams benefit from self-selection?, Experimental Economics, Vol. 26 (4), pp. 749–774.

Finance and Accounting Group

How useful are commercial corporate governance ratings?

Black, B., De Carvalho, A. G., Kim, W., Yurtoglu, B. (2023), How useful are commercial corporate governance ratings? Evidence from emerging markets, Journal of Corporate Finance, Vol. 80, 102405.

Finance and Accounting Group

It is not only what you say, but how you say it

Yurtoglu, B., Naumer, H.-J. (2022), It is not only what you say, but how you say it: ESG, corporate news and the impact on CDS spreads, Global Finance Journal, Vol. 52, 100571.

Finance and Accounting Group

Board characteristics and the insolvency risk of non-financial firms

Maier, F., Yurtoglu, B. (2022), Board characteristics and the insolvency risk of non-financial firms, Journal of Risk and Financial Management, Vol. 15 (7), 303.

Finance and Accounting Group

The role of internal M&A teams in takeovers

Aktas, N., Boone, A., Witkowski, A., Xu, G., Yurtoglu, B. (2021), The role of internal M&A teams in takeovers, Review of Finance, Vol. 25 (4), pp. 1047–1088.

Finance and Accounting Group

Female directors, board committees, and firm performance

Ararat, M., Yurtoglu, B. (2021), Female directors, board committees, and firm performance: time-series evidence from Turkey, Emerging Markets Review, Vol. 48, 100768.

Finance and Accounting Group

Corporate governance in emerging markets

Ararat, M., Claessens, S., Yurtoglu, B. (2021), Corporate governance in emerging markets: a selective review and an agenda for future research, Emerging Markets Review, Vol. 48, 100767.

Finance and Accounting Group

Family ownership, market development, and internationalization of Turkish business groups (1925-2017)

Karaevli, A., Yurtoglu, B. (2021), Family ownership, market development, and internationalization of Turkish business groups (1925-2017), Journal of World Business, Vol. 56 (6), 101264.

Finance and Accounting Group

Which aspects of corporate governance do and do not matter in emerging markets

Finance and Accounting Group

Returns on different types of investment in the global pharmaceutical industry

Mahlich, J., Yurtoglu, B. (2019), Returns on different types of investment in the global pharmaceutical industry, Managerial and Decision Economics, Vol. 40 (1), pp. 16-36.