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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.
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.

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

Experimental Economics

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

Journal of Corporate Finance

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.

Global Finance Journal

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.

Journal of Risk and Financial Management

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.

Review of Finance

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.

Emerging Markets Review

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

Emerging Markets Review

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.

Journal of World Business

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.

Journal of Law, Finance, and Accounting

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.

Managerial and Decision Economics

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.

Long Range Planning

Karaevli, A., Yurtoglu, B. (2018), Founding family effects on business group growth: longitudinal evidence from Turkey (1925-2012), Long Range Planning, Vol. 51 (6), pp. 831-864.

Journal of Corporate Finance

Aktas, N., Xu, G., Yurtoglu, B. (2018), She is mine: determinants and value effects of early announcements in takeovers, Journal of Corporate Finance, Vol. 50, pp. 180-202.

Journal of Accounting and Economics

Erkens, M., Gan, Y., Yurtoglu, B. (2018), Not all clawbacks are the same: consequences of strong versus weak clawback provisions, Journal of Accounting and Economics, Vol. 66 (1), pp. 291-317.

Journal of Capital Markets Studies

Bajic, S., Yurtoglu, B. (2018), Which aspects of CSR predict firm market value?, Journal of Capital Markets Studies, Vol. 2 (1), pp. 50-69.

Emerging Markets Review

Ararat, M., Black, B., Yurtoglu, B. (2017), The effect of corporate governance on firm value and profitability: time-series evidence from Turkey, Emerging Markets Review, Vol. 30, pp. 113–132.

Corporate Governance: An International Review

Black, B., Gledson De Carvalho, A., Khanna, V., Kim, W., Yurtoglu, B. (2017), Corporate governance indices and construct validity, Corporate Governance: An International Review, Vol. 25 (6), pp. 397-410.

Journal of Econometrics

Black, B., De Carvalho, A. G., Khanna, V., Woochan, K., Yurtoglu, B. (2014), Methods for multicountry studies of corporate governance: evidence from the BRIKT countries, Journal of Econometrics, Vol. 183, pp. 230-240.

Emerging Markets Review

Claessens, S., Yurtoglu, B. (2013), Corporate governance in emerging markets: a survey, Emerging Markets Review, Vol. 15, pp. 1-33.

Iktisat Isletme ve Finans

Institutional and company specific determinants of international institutional investors' tendency to vote at general assemblies, economics, business and finance

Ararat, M., Yurtoglu, B. (2013), Institutional and company specific determinants of international institutional investors' tendency to vote at general assemblies, economics, business and finance, Iktisat Isletme ve Finans, Vol. 28 (322), pp. 61-90.

Managerial and Decision Economics

Market optimism and merger waves

Gugler, K., Mueller, D., Weichselbaumer, M., Yurtoglu, B. (2012), Market optimism and merger waves, Managerial and Decision Economics, Vol. 33, pp. 159-175.

Experimental Economics

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

Journal of Corporate Finance

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.

Global Finance Journal

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.

Journal of Risk and Financial Management

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.

Review of Finance

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.

Emerging Markets Review

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

Emerging Markets Review

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.

Journal of World Business

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.

Journal of Law, Finance, and Accounting

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.

Managerial and Decision Economics

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.

Long Range Planning

Karaevli, A., Yurtoglu, B. (2018), Founding family effects on business group growth: longitudinal evidence from Turkey (1925-2012), Long Range Planning, Vol. 51 (6), pp. 831-864.

Journal of Corporate Finance

Aktas, N., Xu, G., Yurtoglu, B. (2018), She is mine: determinants and value effects of early announcements in takeovers, Journal of Corporate Finance, Vol. 50, pp. 180-202.

Journal of Accounting and Economics

Erkens, M., Gan, Y., Yurtoglu, B. (2018), Not all clawbacks are the same: consequences of strong versus weak clawback provisions, Journal of Accounting and Economics, Vol. 66 (1), pp. 291-317.

Journal of Capital Markets Studies

Bajic, S., Yurtoglu, B. (2018), Which aspects of CSR predict firm market value?, Journal of Capital Markets Studies, Vol. 2 (1), pp. 50-69.

Emerging Markets Review

Ararat, M., Black, B., Yurtoglu, B. (2017), The effect of corporate governance on firm value and profitability: time-series evidence from Turkey, Emerging Markets Review, Vol. 30, pp. 113–132.

Corporate Governance: An International Review

Black, B., Gledson De Carvalho, A., Khanna, V., Kim, W., Yurtoglu, B. (2017), Corporate governance indices and construct validity, Corporate Governance: An International Review, Vol. 25 (6), pp. 397-410.

Journal of Econometrics

Black, B., De Carvalho, A. G., Khanna, V., Woochan, K., Yurtoglu, B. (2014), Methods for multicountry studies of corporate governance: evidence from the BRIKT countries, Journal of Econometrics, Vol. 183, pp. 230-240.

Emerging Markets Review

Claessens, S., Yurtoglu, B. (2013), Corporate governance in emerging markets: a survey, Emerging Markets Review, Vol. 15, pp. 1-33.

Iktisat Isletme ve Finans

Institutional and company specific determinants of international institutional investors' tendency to vote at general assemblies, economics, business and finance

Ararat, M., Yurtoglu, B. (2013), Institutional and company specific determinants of international institutional investors' tendency to vote at general assemblies, economics, business and finance, Iktisat Isletme ve Finans, Vol. 28 (322), pp. 61-90.

Managerial and Decision Economics

Market optimism and merger waves

Gugler, K., Mueller, D., Weichselbaumer, M., Yurtoglu, B. (2012), Market optimism and merger waves, Managerial and Decision Economics, Vol. 33, pp. 159-175.

See all published and forthcoming working papers on:

Team

Stevan Bajic
Stevan Bajic
External Doctoral Student
Navid Farid
Navid Farid
External Doctoral Student
Philip Stark
Philip Stark
External Doctoral Student
Ying Gan
Ying Gan
Alumna
Guosong Xu
Guosong Xu
Alumnus
Dietlinde Schumacher
Dietlinde Schumacher
Alumna
Hans-Jörg Naumer
Hans-Jörg Naumer
Alumnus
Lars Hofmann
Lars Hofmann
Alumnus

Writing a doctoral thesis at the Chair of Corporate Finance

We are currently not enrolling new doctoral students.