{"id":17776,"date":"2022-04-17T16:23:00","date_gmt":"2022-04-17T13:23:00","guid":{"rendered":"https:\/\/www.khas.edu.tr\/events\/khas-finance-seminars-assoc-prof-dr-izidin-el-kalak\/"},"modified":"2025-05-14T11:00:05","modified_gmt":"2025-05-14T08:00:05","slug":"khas-finance-seminars-assoc-prof-dr-izidin-el-kalak","status":"publish","type":"etkinlik","link":"https:\/\/www.khas.edu.tr\/en\/events\/khas-finance-seminars-assoc-prof-dr-izidin-el-kalak\/","title":{"rendered":"KHAS Finance Seminars – Assoc. Prof. Dr. Izidin El Kalak"},"content":{"rendered":"\n

On Tuesday, April 26th, Assoc. Prof. Dr. Izidin El Kalak from Cardiff Business School will be the guest of the Finance Seminars series organized by Kadir Has University Department of International Trade and Finance.<\/p>\n\n

Dr. Kalak’s talk titled \u201cDoes qualitative easing affect market liquidity? Evidence from the Bank of Japan’s ETF purchase program\u201d will be available on Zoom starting from 17:00.<\/p>\n\n

The language of the event is English.<\/p>\n\n

Zoom Meeting ID:<\/strong>\u00a0831 6134 9622<\/p>\n\n

Zoom Linki:<\/strong>\u00a0https:\/\/us02web.zoom.us\/j\/83161349622<\/a><\/strong><\/p>\n\n

\u00d6zet:\u00a0<\/strong>Using the Bank of Japan (BOJ)\u2019s large-scale index-linked exchange-traded funds (ETFs) purchase program, this paper examines whether quantitative easing affects market liquidity of the underlying assets. Using a large sample of Japanese stocks, we document that stock liquidity significantly decreases when a firm\u2019s ownership by the BOJ increases. Increased ETF arbitrage activities significantly and partially mediate such effect. The commonality in liquidity across stocks and pricing inefficiency also increases with BOJ ownership.\u00a0<\/p>\n\n

Konu\u015fmac\u0131 Hakk\u0131nda:\u00a0<\/strong>Izidin El Kalak is an Associate Professor in\u00a0Finance\u00a0at Cardiff Business School. Prior to joining Cardiff University, he worked at Kent Business School, UK. He holds a PhD in\u00a0Finance\u00a0from Hull Business School, UK (2016). He also received an MSc degree (with Distinction) in Financial Management (2011) and a BSc in Economics (2007). His main research interests are in the areas of empirical corporate\u00a0finance, governance, managerial behaviour, and renewable energy investments. He has published in journals such as European Financial Management, Energy Economics, Journal of Economic Behavior and Organization, Review of Quantitative\u00a0Finance\u00a0and Accounting, International Review of Financial Analysis, among others.<\/p>\n","protected":false},"featured_media":19039,"template":"","meta":{"slim_seo":{"title":"KHAS Finance Seminars - Assoc. Prof. Dr. Izidin El Kalak - Kadir Has University","description":"On Tuesday, April 26th, Assoc. Prof. Dr. Izidin El Kalak from Cardiff Business School will be the guest of the Finance Seminars series organized by Kadir Has Un"}},"birimler":[82],"class_list":["post-17776","etkinlik","type-etkinlik","status-publish","has-post-thumbnail","hentry","birimler-itf"],"_links":{"self":[{"href":"https:\/\/www.khas.edu.tr\/en\/wp-json\/wp\/v2\/etkinlik\/17776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.khas.edu.tr\/en\/wp-json\/wp\/v2\/etkinlik"}],"about":[{"href":"https:\/\/www.khas.edu.tr\/en\/wp-json\/wp\/v2\/types\/etkinlik"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.khas.edu.tr\/en\/wp-json\/wp\/v2\/media\/19039"}],"wp:attachment":[{"href":"https:\/\/www.khas.edu.tr\/en\/wp-json\/wp\/v2\/media?parent=17776"}],"wp:term":[{"taxonomy":"birimler","embeddable":true,"href":"https:\/\/www.khas.edu.tr\/en\/wp-json\/wp\/v2\/birimler?post=17776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}