Kudret Topyan

Department Chairperson of Economics & Finance, Department Chairperson of Finance

Professor, Gargano Endowed Chair in Global Economics, Economics & Finance

Education

  • PHD, CUNY Graduate Center
  • MPHIL, CUNY Graduate Center
  • BS, Middle East Technical Turkey

Courses Taught

  • FIN 301      Principles of Business Finance I
  • FIN 308      Investments
  • FIN 324      Corporate Finance
  • MBA 618    Financial Management
  • MBA 639    Corporate Finance
  • Publications and Scholarly Activities

    Boliari, N., Topyan, K., Wang, C.J. (2023). Risk Structure of Banks in Spain: Do BHCs Have Greater Cost of Debt? Risks, 11(10), 184. https://doi.org/10.3390/risks11100184

    Boliari, N., Topyan, K. (2022). Credit Risk in G20 Nations: A Comparative Analysis in International Finance Using Option-Adjusted-Spreads. J. Risk Financial Manag. 15(1), 25. https://doi.org/10.3390/jrfm15010025

    Predmore, C., Topyan, K., Trabold Apadula, L. (2021). Impact of Process Misconception in Becker-DeGroot-Marschak Single Response Value Elicitation Procedures: An Experimental Investigation in Consumer Behavior Using the IKEA Effect. Economies9(4), 173. https://doi.org/10.3390/economies9040173

    Topyan, K. (2021). Levered-Beta and Cost of Capital Sensitivities: An Experimental Investigation in Capital Structure. J. Risk Financial Manag, 14(4). https://doi.org/10.3390/jrfm14040152

    Topyan, K., Ulema, M. (2020). Architectural and Financial Considerations for Deploying 5G Based Fixed Wireless Access, IEEE International Black Sea Conference on Communications and Networking (BlackSeaCom). pp. 1- 6,
    https://ieeexplore.ieee.org/document/9235003

    Elias, C., Kirlys, R., Topyan, K. (2017). Return Predictability in Santiago Stock Exchange: An Empirical Analysis using Portfolio Method. Journal of Advances in Economics and Financehttps://oaji.net/articles/2017/5455-1506654653.pdf

    Cakici, N., Chatterjee, S., Topyan, K. (2015). Decomposition of Book-to-Market and the Cross-Section of Returns for Chinese Stocks. Pacific-Basin Finance Journal, 34, 102-120. http://dx.doi.org/10.1016/j.pacfin.2015.05.004

    Cakici, N., Chan, K., Topyan, K. (2015). Cross-Sectional Stock Return Predictability in China. European Journal of Finance, 1-25. http://dx.doi.org/10.1080/1351847X.2014.997369

    Cakici, N., Topyan, K. (2014). Risk and Return in Asian Emerging Markets. Palgrave Macmillan.

    Cakici, N., Topyan, K., Wang, C.-J. (2014). Cross-Sectional Return Predictability in Taiwan Stock Exchange: An Empirical Investigation. Review of Pacific Basin Financial Markets and Policies, 17(2). http://www.worldscientific.com/doi/abs/10.1142/S0219091514500106 

     Cakici, N., Topyan, K. (2013). The Return Predictability of Turkish Stocks: An Empirical Investigation. Emerging Markets Finance and Trade, 49(5), 99-119. http://www.tandfonline.com/doi/abs/10.2753/REE1540-496X490506

     “The Effect of  Alcoholic Beverage Excise Tax on Alcohol-Attributable Injury Mortalities” (with C.H.Son) European Journal of Health Economics, April 2011, Volume 12, Number 2, pages 103-113.

    Review of Stephan Zilliak and Deirdre McCloskey’s The Cult of Statistical Significance: How the Standard Error Costs Us Jobs, Justice, and Lives University of Michigan Press, 2008. Journal of Socio-Economics, March 2009, Volume 38, Issue 2, pages 400-401.

    “Understanding Dependence Structures of Random Variables in Financial Modeling by Using Copulas” (with N.Boliari) Global Business & Economics Anthology, December 2007, pages 410-6.

    “Corporate Governance: A Critical Survey of Key Concepts, Issues and Recent Reforms in the US.” (with A.Murphy) Employee Responsibilities and Rights Journal, AEPP, Volume 17, Number 2, June 2005.

    “Corporate Governance and Control: Yesterday, Today, and Tomorrow – A Critical Survey” Refereed Proceedings of the 11th Annual  International Conference 2003 of the Association on Employment Practices and Principles, October 9-11, 2003, San Diego, CA. Edited by Margaret H. Vickers, University of Western Sydney, pp 145-150.

    “Equity Accelerator or Else? An Analytical Evaluation of an Unfair Practice” Abstract published in the Proceedings of the 2002 Annual International Conference – October 10-12, New York City, New York, Edited by Margaret H. Vickers, University of Western Sydney, p194.

    “The GARCH Option Pricing Model: A Lattice Approach.” with N.Cakici; Journal of Computational Finance, Summer 2000, Vol.3, No.4.

    “Volatility Smile Under GARCH” AEPP Proceedings of the Annual International Conference, October 2000; New Orleans, Louisiana. Edited by John P. Keenan St.Bonaventure University.

    "GARCH versus Constant Volatility: A Comparative Efficiency Analysis."  AEPP Proceedings of the Annual International Conference, October 1999; Niagara Falls, New York. (ISBN 1-878583-64-6)

    “An Empirical Note on Demand for Speculation and Futures Risk Premium: A Kalman Filter Application.”  with A.E. Kocagil; Review of Financial Economics, Fall 1997, Vol.6, N0.1, pp. 77- 93.

    "Illicit Drug Use and Health: Analysis and Projections of NYC Birth Outcomes Using a Kalman Filter Model." with N.H.Mocan; Southern Economic Journal, July 95, Vol.62, No.1, pp.164-82.

    "International Sanctions and Anti-Apartheid Politics in South Africa: An Empirical Investigation."  with W.H.Kaempfer, A.D.Lowenberg, N.H.Mocan; Journal of Studies in Economics and Econometrics, 1995, Vol.19, No.1, pp. 1-27.

    "Illicit Drug Use and Health: Analysis and Projections of NYC Birth Outcomes Using a Kalman Filter Model." with N.Mocan; NBER Working Paper, No.4559, National Bureau of  Economic Research,  1994.

    "Real Wages over the Business Cycle: Evidence from a Structural Time Series Model."  with N.Mocan; Oxford Bulletin of Economics and Statistics, Nov. 93, Vol. 55, No.4.

    "International Sanctions and Anti-Apartheid Politics in South Africa: An Empirical Investigation.", with  W.H.Kaempfer, A.D.Lowenberg, N.H.Mocan; Appeared as one of the five papers included in The Use of Economic Sanctions in Trade and Environmental Policy, 1993, Research Memorandum, OCFEB RM 9307, Erasmus University Press,  Rotterdam.

  • Honors, Awards, and Grants

    Hong Kong Asian Capital Markets Research Prize, 2011 awarded by The Hong Kong Society of Financial Analysts (HKSFA) and CFA Institute. (with Kalok Chan of HKUST, and N.Cakici of Fordham University)