Presentations by Our Banking and Finance Ph.D. Students at International Conferences

Cem Okat and Semih Özkan, students in our Banking and Finance Ph.D. program, were invited to present their research on current issues in the financial world at prestigious international conferences held in Greece and Hungary.

Research by Our Ph.D. Student Cem Okat on the Political Connections of Activist Investors

Cem Okat, a Ph.D. student in Banking and Finance, presented his study examining the impact of activist investors’ political identities on corporate performance at the 10th AMEF Conference in Greece.

Our PhD student Cem Okat attended the 10th International Conference on Applied Theory, Macro and Empirical Finance (AMEF), held in Greece on April 6–7. Okat presented his study titled “Politically Active Investors and Firm Performance,” which he co-authored with Dr. Aslı Togan.

In this study, Cem Okat focuses on the critical role played by politically active investors among U.S. activist investors in shaping firm performance. The research details the outcomes of various scenarios, such as companies dependent on the government or tensions between investors and management. The study’s findings support the positive impact activist investors have on firm performance; however, they also indicate that politically connected activists play a more decisive role, particularly during crises or in situations where engagement with the government becomes crucial.

Analysis of Carbon Emissions and Financial Stability in G20 Banks by Our Ph.D. Student Semih Özkan

Semih Özkan, our Ph.D. student in Banking and Finance, will present his research on the effects of carbon emission intensity on bank performance and stability at the GLOBAFA Conference in Budapest.

Our PhD student Semih Özkan will present his study titled “The Varying Role of Carbon Emissions on G20 Bank Performance and Stability: Shareholder Theory versus Stakeholder Theory,” co-authored with Dr. Oğuz Ersan, at the Global Banking and Finance Association (GLOBAFA) conference to be held in Budapest on May 30–31.

In his study, Semih Özkan analyzes how carbon emission intensity shapes the performance and stability of banks in G20 countries. The data indicates that while high carbon emissions may support short-term performance and bank-level stability, they also increase systemic risk. The study, which identifies that these effects vary by region and bank type, emphasizes that large banks are particularly affected by this process. Overall, the research highlights that carbon intensity creates a balancing act between individual financial gains and broader financial stability, while also drawing attention to the tension between shareholder and stakeholder priorities.