Research
JOURNAL PUBLICATIONS:
Performance Implications of Hedging with Industry ETFs, Global Finance Journal, 2024, 61, 100990 (with Yigit Atilgan, K. Ozgur Demirtas and Mustafa Oztekin)
Do the Rich Gamble in the Stock Market? Low Risk Anomalies and Wealthy Households, Journal of Financial Economics, 2023, 150(2), 103715 (with Turan G. Bali, Thomas Jansson and Yigitcan Karabulut)
Mood Seasonality Around the Globe, Pacific-Basin Finance Journal, 2023, 82, 102171 (with Yigit Atilgan, K. Ozgur Demirtas and Imra Kirli)
Average Skewness in Global Equity Markets, International Review of Finance, 2023, 23(2), 245- 271 (with Yigit Atilgan, K. Ozgur Demirtas and Imra Kirli)
Price Discovery in Emerging Market ETFs, Applied Economics, 2022, 54(47), 5476-5496 (with Yigit Atilgan, K. Ozgur Demirtas and Mustafa Oztekin)
Momentum and Downside Risk in Emerging Markets, Journal of Portfolio Management, 2022, 48(8), 44-58 (with Yigit Atilgan, K. Ozgur Demirtas and Imra Kirli)
Tax Expense Surprise and Emerging Markets Equity Returns, Borsa Istanbul Review, 2022, 22(4), 711-724
Predicting Equity Returns in Emerging Markets, Emerging Markets Finance and Trade, 2021, 57(13), 3721-3738 (with Yigit Atilgan and K. Ozgur Demirtas)
Left-Tail Momentum: Underreaction to Bad News, Costly Arbitrage and Equity Returns, Journal of Financial Economics, 2020, 135(3), 725-753 (with Yigit Atilgan, Turan G. Bali and K. Ozgur Demirtas)
Decomposing Value Globally, Applied Economics, 2020, 52(42), 4659–4676 (with Yigit Atilgan, K. Ozgur Demirtas and Imra Kirli)
Downside Beta and The Cross-Section of Equity Returns: A Decade Later, European Financial Management, 2020, 26(2), 316-347 (with Yigit Atilgan and K. Ozgur Demirtas)
Global Downside Risk and Equity Returns, Journal of International Money and Finance, 2019, 98 (with Yigit Atilgan, Turan G. Bali and K. Ozgur Demirtas)
Downside Beta and Equity Returns around the World, Journal of Portfolio Management, 2018, 44(7), 39-54 (with Yigit Atilgan, Turan G. Bali, K. Ozgur Demirtas)
Liquidity and Equity Returns in Borsa Istanbul, Applied Economics, 2016, 48(52), 5075-5092 (with Yigit Atilgan and K. Ozgur Demirtas)
BOOK CHAPTERS:
Hedge Fund Strategies in the Post-Crisis Era, In Douglas Cumming and Geoffrey Wood (Ed.), The Oxford Handbook of Hedge Funds, 2021, Oxford University Press (with Yigit Atilgan and Turan G. Bali)
Predicting Equity Returns in Developed Markets, In Škrinjarić, T., Čižmešija, M., & Christiansen, B. (Eds.), Recent Applications of Financial Risk Modelling and Portfolio Management, 2021, 68-90, IGI Global.