ICBFP 2019 - Conference Program

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Thursday, May 2

9:00 - 10:00    Registration of Participants                                    

10:00 - 10:45  Opening Ceremony (Room: Small Hall)                                        

10:45 - 11:00  COFFEE BREAK                                                                                           

11:00 - 12:00  Keynote Speech – Prof. Dr. Thorsten Beck, Cass Business School in London, UK

12:00 - 13:15  LUNCH

13:30 - 14:30  Keynote Speech – Prof. Dr. Duc Khuong Nguyen, IPAG Business School, FRANCE

14:30 - 14:45 COFFEE BREAK                                                                                           

 14:45 - 16:25    Session 1: Stock Market (Room: Soli Hall)

Chair: Prof. Dr. Cahit Adaoglu, Eastern Mediterranean University, NORTH CYPRUS

Paper 1. "Nordic Stock Market Integration and Vulnerability Against Crises"           
Harun Ercan, Development Bank of Turkey/ Corvinus University of Budapest, TURKEY/BUDAPEST                                                                                                                                                          
Sedat Alan, Ankara Hacı Bayram Veli University, TURKEY                                                                     
Murat Mahmutoğlu, Ankara Hacı Bayram Veli University, TURKEY                                                                                    Batuhan Özdemir, Ankara University, TURKEY             

Paper 2. "Stock Prices Reaction on Special Dividend Announcement in NASDAQ"
Arian Seyedimany, Eastern Mediterranean University, NORTH CYPRUS

Paper 3. "Detecting Price Explosivity (Bubble) in Turkey's Stock Prices: Evidence from an Radf Technique"
Kelvin Onyibor, European University of Lefke, NORTH CYPRUS                                                 
Okan Safakli, European University of Lefke, NORTH CYPRUS

Paper 4. "Spillover effect of US Government bond yield structure on stock-bond correlations Evidence from G7 country markets"
Abobaker Al.Al. Hadood, Eastern Mediterranean University, NORTH CYPRUS

Paper 5. "Control enhancing mechanisms and corporate value in family controlled companies: Evidence from Turkey"
Seniha Besim, Eastern Mediterranean University, NORTH CYPRUS

Questions & Answers

 14:45 - 16:25    Session 2: Financial Development/Economic Performance

                                                         (Room: Lambousa Hall)
Chair: Prof. Dr. Syed Jawad Hussain Shahzad, Montpellier Business School, FRANCE

Paper 1. "Smooth break detection and de-trending in unit root testing: Application to Financial Data"
Syed Jawad Hussain Shahzad, Montpellier Business School, FRANCE                                                                                                                                     
Furkan Emirmahmutoğlu, Hacıbayram University, TURKEY                                                                                                                              
Tolga Omay, Atilim University, TURKEY

 

Paper 2. "Current Account and Loan Growth: The Role of Household Credit and Nonlinearities"
Mehmet Fatih Ekinci, Atilim University, TURKEY                                   
Tolga Omay, Atilim University, TURKEY

Paper 3. "What Drives Foreign Portfolio Investment Flows in South Africa?"
Nuru Giritli, European University of Lefke, NORTH CYPRUS
Sununu Ibrahim Bah, European University of Lefke, NORTH CYPRUS

Paper 4. "Fiscal Sustainability from a Nonlinear Framework: Evidence from 14 European Countries" 
Esra Hasdemir, THK University, TURKEY                                                                                                                                 Tolga Omay, Atilim University, TURKEY

Paper 5. "Sunk Costs and Exporting Behavior: A Sectoral Analysis"
Kurmas Akdogan, Central Bank of the Republic of Turkey, TURKEY                                             
Laura Werner, Fern Universität, GERMANY

 14:45 - 16:25    Session 3: Banking Performance/Banking System/Risk and Efficiency

                                                           (Room: Salamis Hall)
Chair: Prof. Dr. Furkan Emirmahmutoğlu, Hacıbayram University, TURKEY                                                                                                                               

Paper 1. "Diagnosing how Japanese Banks' React to Unconventional Monetary Policy Announcements during the Japanese Deflationary Decade"
Ayhan Nadiri, University of Portsmouth, UK                                               
Alexis Stenfors, University of Portsmouth, UK

Paper 2. "Does the Financial Performance of Banks Change During the Global Financial Crisis? The Case of Palestine"
Wesam Hamed, Eastern Mediterranean University, NORTH CYPRUS                                             
Nesrin Özataç, Eastern Mediterranean University, NORTH CYPRUS                                                                                                   
Alimshan Faizulayev, Almaty Management University, KAZAKHSTAN

Paper 3. "Credit Portfolio Diversification and Bank Performances during the Recent Crisis Period in Turkey"
Veclal Gündüz, University of Mediterranean Kaprasia, NORTH CYPRUS                                                         
Halit Gönenç, University of Groningen, NETHERLANDS

Paper 4. "Nonlinearity in Emerging European Markets: Pre and Post Crisis Periods"
Ceyda Aktan, University of Turkish Aeronautical Association, TURKEY                                                                                Tolga Omay, Atilim University, TURKEY   

Questions & Answers


14:45 - 16:25    Session 4: Economic Performance/Debt Crises/Exchange Rate
                                                  (Room: Othello Hall)
Chair: Prof. Dr. Mustafa Besim, Eastern Mediterranean University, NORTH CYPRUS

Paper 1. "Economic Policy Uncertainty and Exchange Markets"
Olabisi Olanipekun, Eastern Mediterranean University, NORTH CYPRUS
Hasan Güngör, Eastern Mediterranean University, NORTH CYPRUS                                       
Godwin Olasehinde William, Eastern Mediterranean University, NORTH CYPRUS

Paper 2. "Practical Tests of Financial Bubbles: Better Critical Values for Detecting Exuberant Behavior"
Ufuk Demiroğlu, Central Bank of the Republic of Turkey, TURKEY   
Aytül Ganioğlu, Central Bank of the Republic of Turkey, TURKEY    

 Paper 3. "Unveiling the Causal Relationship between US Economic Policy Uncertainty and Exchange Market Pressure of Large Emerging-Market Economies"
Olabisi Olanipekun, Eastern Mediterranean University, NORTH CYPRUS
Hasan Güngör, Eastern Mediterranean University, NORTH CYPRUS                                       
Godwin Olasehinde William, Eastern Mediterranean University, NORTH CYPRUS

Paper 4. "Exchange Rate Driven Balance Sheet Effect: Evidence on Emerging Market Firms"
Can Kadirgan, Central Bank of the Republic of Turkey, TURKEY

Paper 5. "Unconventional Monetary Policy and Portfolio Allocation"
Jessie Nabulambo Kilembe, University of Glasgow, SCOTLAND

Paper 6. "An Analysis to Detect Exuberance in Regional House Prices in Turkey" 
Aytül Ganioğlu, Central Bank of the Republic of Turkey, TURKEY                                                   
Evren Ceritoğlu, Central Bank of the Republic of Turkey, TURKEY                                               
Seyit Mümin Cılasun, Central Bank of the Republic of Turkey, TURKEY                                             

Questions & Answers

14:45 - 16:25    Session 5: Financial Development/Economic Performance

                                                    (Room: Porta Del Mare Hall)
Chair: Prof. Dr. Sabri Boubaker, South Champagne Business School, FRANCE                            

Paper 1. "Product market competition and labor investment efficiency"
Sabri Boubaker, South Champagne Business School/ Université Paris Est Créteil, FRANCE                                            Viet Anh Dang, University of Manchester, UK                                                       
Syrine Sassi, South Champagne Business School/ Université Paris Est Créteil, FRANCE

Paper 2. "Credit Market Development and Economic Growth in Nigeria"
Temitayo Esther Ayowole, European University of Lefke, NORTH CYPRUS                   
Demet Beton Kalmaz, European University of Lefke, NORTH CYPRUS

Paper 3. "Investigating the impact of real GDP, foreign direct investment, energy consumption, trade, and tourism investment on CO2 emissions by considering cross-sectional dependence: a panel study for the top 10 major tourist destination countries"
Farid Irani, Eastern Mediterranean University, NORTH CYPRUS

Paper 4. "Estimating the of Rate of Return to Capital in Tanzanian Economy"
Abdallah Othman, Eastern Mediterranean University, NORTH CYPRUS

Questions & Answers

 Friday, May 3

 09:00 - 10:00    Registration of Participants                                    

 10:00 - 11:40    Session 1: Corporate Governance/Corporate Finance/Capital Structure

                                                            (Room: Soli Hall)
Chair: Prof. Dr. Cahit Adaoglu, Eastern Mediterranean University, NORTH CYPRUS

 Paper 1. "Corporate Governance: Achieving Good Corporate Governance in order to Deal with the Contagion Effects of Financial Crisis"
Mustafa Avcın, Cyprus International University, NORTH CYPRUS

Paper 2. "How does Environmental Performance Affect Financial Performance? Empirical Evidence from Oil and Gas Firms"
Sami Fethi, Eastern Mediterranean University, NORTH CYPRUS                                     
Abdulhamid Rahuma, Eastern Mediterranean University, NORTH CYPRUS

Paper 3. "The Firm-Specific Determinants of Capital Structure in Beverage Industry in Europe" 
Ilhan Dalci, Eastern Mediterranean University, NORTH CYPRUS                                                   
Hasan Ozyapici, Eastern Mediterranean University, NORTH CYPRUS                                           
Dogan Unlucan, Eastern Mediterranean University, NORTH CYPRUS

Paper 4. "Acquirer Returns in the Context of Corporate Governance: Evidence from an Emerging Market"
Burcu Dincergok, Atilim University, TURKEY
Burak Pirgaip, Atilim University, TURKEY

Paper 5. "Underpricing of the Russian IPOs, 1996-2017"
Didar Erdinç, American University in Bulgaria, BULGARIA
Dmitry Bondarenko, American University in Bulgaria, BULGARIA

Questions & Answers

10:00 - 11:40    Session 2: Education/Institutions/Feasibility Projects

                                                            (Room: Salamis Hall)
Chair: Assoc. Prof. Dr. Hasan Altiok, Eastern Mediterranean University, NORTH CYPRUS

Paper 1. "Education Matters for the Bottom of the Pyramid in Economic Development"
Amna Khaliq, Faculty of University Arts and Science, CANADA

Paper 2. "Capital Budgeting and Risk Management in Libya's Oil Sector"
Nasef Abdelgader, Eastern Mediterranean University, NORTH CYPRUS

Paper 3. "Family Decision Making for Health Spending: New Evidence from Survey Data for Nigeria"
Glenn P. Jenkins, Eastern Mediterranean University, NORTH CYPRUS                                                                                Hope Amala Anyabolu, Eastern Mediterranean University, NORTH CYPRUS                                                                    Pejman Bahramian, Queen's University, CANADA

Paper 4. "The Research on Internal Budget Control among Administrative Institutions- Henanscience and Technology Association as an Example"
Mulani Jameel Ahmad, Zhengzhou University, CHINA                                  
Cheng Guang, Zhengzhou University, CHINA                                                       
Li Ye, Zhengzhou University, CHINA                                                     
Wang Yuyan, Zhengzhou University, CHINA

Questions & Answers

 10:00 - 11:40    Session 3: Banking Performance/Banking System/Risk and Efficiency

                                                           (Room: Lambousa Hall)
Chair: Prof. Dr. Salih Katircioglu, Eastern Mediterranean University, NORTH CYPRUS

Paper 1. "Efficiency and Productivity Analysis of United Arab Emirates Banking System"
Welcome Sibanda, Higher Colleges of Technology, UAE

Paper 2.  "Volatility Effects of Oil Prices on Banking Stock Index: Evidence from Amman Stock Exchange"
Salih Katırcıoğlu, Eastern Mediterranean University, NORTH CYPRUS                                                 
Setareh Katırcıoğlu, University of Kyrenia, NORTH CYPRUS                                                       
Mansour M. H. Alkhazaleh, Eastern Mediterranean University, NORTH CYPRUS            

Paper 3. "Empirical Analysis of Shadow Economy of Pakistan: Causes, Consequences and Cures"
Muhammad Ibrar, University of Peshawar, PAKISTAN

Paper 4. "Does Market Structure Matter on Banking Performance? Case of Eurasian Economic Union Countries"
Alimshan Faizulayev, Almaty Management University, KAZAKHSTAN                                                                                  Isah Wada, Mediterranean Karpasia, NORTH CYPRUS                                              

Questions & Answers

10:00 - 11:40    Session 4: Financial Development/Economic Performance /Crypto Market

                                                                (Room: Othello Hall)
Chair: Prof. Dr. Serhan Çiftçioğlu, Eastern Mediterranean University, NORTH CYPRUS

Paper 1. "Does R&D Matter for Unemployment?"
Serhan Çiftçioğlu, Eastern Mediterranean University, NORTH CYPRUS                                                      
Amin Sokhanvar, Eastern Mediterranean University, NORTH CYPRUS

Paper 2. "PPP Hypothesis and the Nonlinearities: Evidence from Selected Countries"
Resat Ceylan, Pamukkale University, TURKEY                                                                                                                          Tolga Omay, Atilim University, TURKEY                                                   
Esra Şenalp, Atilim University, TURKEY                                                                                                                                                                   

Paper 3. "Bitcoin and Risk Aversion"
Perihan Iren, Atilim University, TURKEY                                                                                                           
Tolga Omay, Atilim University, TURKEY                                                    

Paper 4. "Global Movements of Crypto-Currencies: A Causality Analysis"
Büşra Ağan, Eastern Mediterranean University, NORTH CYPRUS                                                                                                                                                         
Üzeyir Aydın, Dokuz Eylul University, TURKEY

Paper 5. "Testing Weak Form Market Efficiency of Publicly Traded Banks in the United States"
Abdulkadir Cevdet Özgen, University of Turkish Aeronautical Association, TURKEY
Tolga Omay, Atilim University, TURKEY

Questions & Answers

 12:00 - 13:00  LUNCH

 13:15 - 15:00    Session 1: Financial & Tourism Development/Economic Performance

                                                              (Room: Soli Hall)
Chair: Prof. Dr. Serhan Cifcioglu, Eastern Mediterranean University, NORTH CYPRUS

Paper 1. "The Effects of Tourism Sector on Food Prices: Empirical Evidence from Turkey"
Hasan Gül, Adana Science & Technology University, TURKEY                                                                                                Salih Katırcıoğlu, Eastern Mediterranean University, North Cyprus

Paper 2. "The Effects of Tourism Development on the Overall Stock Market Performance: Evidence from Major Tourist Destinations"
Salih Katırcıoğlu, Eastern Mediterranean University, NORTH CYPRUS                                                                               Setareh  Katırcıoğlu, University of Kyrenia, NORTH CYPRUS                                                       
Ceyhun C. Kilinc, Akdeniz University, TURKEY

Paper 3. "Estimating the Role of Climate Changes on International Tourist Flows: Evidence from Mediterranean Island States"
Setareh  Katırcıoğlu, University of Kyrenia, NORTH CYPRUS                                                                                                  Mehmet Necati Cizrelioğullari, Eastern Mediterranean University, NORTH CYPRUS                             
Salih Katircioğlu, Eastern Mediterranean University, NORTH CYPRUS

Paper 4. "Turnover in tourism services and economic expansion in emerging European economies"
Serhan Çiftçioğlu, Eastern Mediterranean University, NORTH CYPRUS                                                      
Amin Sokhanvar, Eastern Mediterranean University, NORTH CYPRUS

Paper 5. "Role of Tourism and Human Capital Development in Economic Growth"
Mehdi Seraj, Eastern Mediterranean University, NORTH CYPRUS                                                         
Seyi Saint Akadiri, Eastern Mediterranean University, NORTH CYPRUS

Questions & Answers

 13:15 - 15:00   Session 2: Corporate Governance/Corporate Finance/Capital Structure

                                                                (Room: Salamis Hall)
Chair: Dr. Mustafa Avcın, Cyprus International University, NORTH CYPRUS

Paper 1. "Corporate Governance Models: The Anglo-Saxon Model versus the Continental European Model"
Yeşim Şendur, Adana Alpaslan Türkeş Science and Technology University, TURKEY

Paper 2. "Profit and Cost Functions Analysis for Twenty Companies in the Borsa İstanbul"
Onur Akkaya, Kilis 7 Aralık University, TURKEY                                                       
Mustafa Özer  , Kilis 7 Aralık University, TURKEY

Paper 3. "Foreign Exchange Rates and Economic Exposure in Turkey's Firms"
James Karmoh Sowah Jr, European University of Lefke, NORTH CYPRUS                             
Okan Safakli, European University of Lefke, NORTH CYPRUS

Paper 4. "The Impact of Financing Decisions on the Growth of Industrial Jordanian public Shareholding Companies"
Omar Abdallah Ahmad Bani-Khalaf, Eastern Mediterranean University, NORTH CYPRUS
Nigar Taşpinar, Eastern Mediterranean University, NORTH CYPRUS

Paper 5. "The Behavior of the Financing Decision of the Russian Listed Companies"
Bezhan Rustamov, Eastern Mediterranean University, NORTH CYPRUS

 Questions & Answers                        


13:15 - 15:00   Session 3: Economic Performance/Debt Crises/Exchange Rate
                                                      (Room: Lambousa Hall)
Chair: Prof. Dr. Tolga Omay, Atilim University, TURKEY 

Paper 1. "Foreign Trade and Exchange Rates: A Study on BRICS-T Countries"
Mustafa Kartal, Selcuk Univesity, TURKEY
Efe Can Kılınç, Selçuk Üniversitesi, TURKEY                                                                                                     
Şevket Süreyya Kodaz, Selcuk Univesity, TURKEY

Paper 2. "The Role of Shadow Economies in Ecological Footprint Quality: Empirical Evidence from Turkey"
Cihat Köksal, Istanbul Commerce University, TURKEY

Paper 3. "Great Recession and News Shocks"
Deniz Nebioglu, MEF University, TURKEY

Paper 4. "Financial Innovation and the Role of Divisia, the Causal Relations among Money, Interest and Macroeconomic Indicators: Evidence from Pakistan"
Sharafat Afzal, Applied Economic Research Centre University of Karachi, PAKISTAN
Waseem Shahid Malik, Quaid I Azam Islamabad, PAKISTAN
Shaista Alam, Applied Economic Research Centre University of Karachi, PAKISTAN 

Paper 5. "The Effects of the Macroprudential Policies on Turkish Banking Sector"
Murat Mahmutoğlu, Ankara Hacı Bayram Veli University, TURKEY                                           
Hakan N.Ardor, Ankara Hacı Bayram Veli University, TURKEY

Questions & Answers

13:15 - 15:00   Session 4: Economic Performance/Debt Crises/Exchange Rate
                                                      (Room: Porta Del Mare Hall) 
Chair: Prof. Dr. Mustafa Ismihan, Eastern Mediterranean University, NORTH CYPRUS

Paper 1. "Oil and the Dollar Comovements is Shale Oil a Game Changer?"
François Benhmad, Montpellier University, FRANCE

Paper 2. "Market Structure and Price-Cost Margin Flexibility in Brazilian, Russia, India, China and Turkey BankingsSectors, 2009-2018"
Onur Akkaya, Kilis 7 Aralık University, TURKEY                                                     
Mustafa Özer, Kilis 7 Aralık University, TURKEY

Paper 3. "A Time Series Analysis of Unemployment Dynamics in Six Developed Countries: A New Approach"
Mustafa Ismihan, Eastern Mediterranean University, NORTH CYPRUS

Paper 4."Does investment in human capital promote Economic Growth in the oil exporter country: Saudi Arabia Using a VECM Model"
Najla Almutairi, King Saud University, SAUDI ARABIA

Questions & Answers

 13:15 - 15:00   Session 5: Economic Performance/Debt Crises/Exchange Rate

                                                                (Room: Othello Hall)
Chair:   Prof. Dr. Salih Katircioglu, Eastern Mediterranean University, NORTH CYPRUS

Paper 1. "Determinants of Financial Inclusion: The Case of 125 Countries from 2004 to 2017"
Nader Alber, Ain Shams University, EGYPT

Paper 2. "The Effect of Natural Abundance on Economic Growth: The Case of Azerbaijan"
Mugabil Isayev, Eastern Mediterranean University, NORTH CYPRUS
Bezhan Rustamov, Eastern Mediterranean University, NORTH CYPRUS           

Paper 3. "Role of Financial Development in Globalization: Evidence from Global Panel" 
Aleksandr Zabolotnov, Eastern Mediterranean University, NORTH CYPRUS                                                  
Salih Katırcıoğlu, Eastern Mediterranean University, NORTH CYPRUS

Paper 4. "Tourism-Led Growth Hypothesis: The Case of North Cyprus"
Eylem Sertel, NORTH CYPRUS

Paper 5. "Spillover Effect of Interest Rate Volatility on Banking Sector Development in Nigeria: Dynamic ARDL Bound Test Approach"
Alimshan Faizulayev, Almaty Management University, KAZAKHSTAN                                                                                  Isah Wada, Mediterranean Karpasia, NORTH CYPRUS 

Questions & Answers 

15:00 - 15:15  COFFEE BREAK

19:30 – 23:00  GALA DINNER

 


 


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