CEF produces and disseminates high quality research output in the area of Financial Economics. This section will be published and working papers by faculty and research output data that will be periodically revised.


14 July 2017
Historical Performance Analysis of Country Equity Indices

This research report investigates the relative performances of various country equity indices using multiple risk metrics and sample periods Click here to full the view report.

1 June 2017
Do Mergers and Acqui­sitions Create Econo­mic Value for Turkish Acquirers and Targ­et Firms?

This research report investigates the po­st-transaction stock return performances of Turkish public firms that have exper­ienced a merger or acquisition either as an acquirer or a ta­rget. Click here to full the view report. (Only in Turkish)

16 February 2017
Comparat­ive Performance Anal­ysis of Investment Vehicles in Turkey
This research report compares the risk-adjusted performances of various broad and sector-specific BIST equity indices and alternative investments such US dollar, euro, gold and S&P 500 index. Click here to view the full report.