Prof.Dr. Mehmet Baha Karan

Email:	mbkaran@hacettepe.edu.tr
Division:	Accounting-Finance
Academic Interests:	Finansal Piyasalar, Finansal Kurumlar, Pazar Etkinliği, Portfoy Analizi, Davranışsal Finansal, Kredi Riski Yönetimi, Enerji Piyasaları
CV:

Educational Background

• Lisans Ortadoğu Teknik Üniversitesi - İşletme, 1972 - 1978
• Doktora Gazi Üniversitesi - İşletme, 1978 - 1984

Papers

SCI, SSCI, AHCI, SCI-E, ESCI Indexed Journal

• Yılmaz Yıldız ve Mehmet Baha Karan, 2020; "Environmental Policies, National Culture, and Stock Price Crash Risk: Evidence from Renewable Energy Firms", Business Strategy and the Environment (In Press), Volume: 29, Issue: 6, Page: 2374-2391, [SSCI].
• Burak Pirgaip, Özgür Arslan-Ayaydın, Mehmet Baha Karan, 2020; "Does Sukuk provide diversification benefits to conventional bond investors? Evidence from Turkey, https://doi.org/10.1016/j.gfj.2020.100533", Global Finance Journal, in press, [ESCI].
• Yılmaz Yıldız, Mehmet Baha Karan and Aydın Özkan, 2019; "Is Conservative Reporting Attractive to Foreign Institutional Investors? Evidenve from an Emerging Market", The European Journal of Finance, Volume: 25, Issue: 12, Page: 1099-1121, [SSCI].
• Goknur Buyukkara, Mehmet Baha Karan, Huseyin Temiz, Yilmaz Yildiz, 2019; "Exchange Rate Risk and Corporate Hedging: Evidence from Turkey", Emerging Markets Finance and Trade, Volume: 8, Issue: 55, Page: 1737-1753, [SSCI].
• Yimaz Yildiz and Mehmet Baha Karan, 2019; "Momentum or Market? Determinants of Large Stock Price Changes in an Emerging Market", Applied Economics, Volume: 51, Issue: 7, Page: 731-742, [SSCI].
• Hasan Alma and Mehmet Baha Karan, 2017; "Valuations of Electricity Distribution and Retail Companies in an Emerging Market : An Empirical Study on Turkey", International Journal of Energy Sector Management,, Volume: 11, Issue: 2, Page: 329-349, [ESCI].
• Yılmaz Yıldız, Mehmet Baha Karan and Burak Pirgaip, 2017; "Market reaction to grouping equities in stock markets: An empirical analysis on Borsa Istanbul", Borsa Istanbul Review, , Volume: 4, Issue: 17, Page: 216-227, [SSCI].
• Şeyma Bayrak Salantur, Yılmaz Yıldız and Mehmet Baha Karan, 2017; "An Investigation on Early Voluntary Withdrawals from Individual Retirement Accounts: An Empirical Study on an Emerging Market", The Geneva Papers on Risk and Insurance - Issues and Practice, Volume: 42, Issue: 4, Page: 732-756, [SSCI].
• Mehmet Baha Karan, Aydın Ulucan and Mustafa Kaya, 2013; "Credit Risk Estimation Using Payment History Data: A Comparative Study Of Turkish Retail Stores", Central European Journal of Operations Research, Volume: 21, Issue: 2, Page: 479-494, [SSCI].
• Ozge Kucuktalaslı, Ozgur Arslan and Mehmet Baha Karan,, 2012; "Quality in the Financial Sector from the Perspective of Consumer Credits", Total Quality Management and Business Excellence, Volume: 23, Issue: 11, Page: 1453-1463, [SSCI].
• Ozgur Arslan and Mehmet Baha Karan, 2010; "Consumer Credit Risk Characteristics : Understanding Income and Expense Differentials", Emerging Markets Finance and Trade, , Volume: 46, Issue: 2, Page: 20-37, [SSCI].
• Ozgur Arslan and Mehmet Baha Karan, 2009; "Credit Risk and Internationalization of SMSs", Journal of Business Economics and Management, Volume: 10, Issue: 4, Page: 361–, [SSCI].
• Özgür Arslan, Mehmet Baha Karan, Murat Alatlı, 2009; "Detection of Factors Leading to Business Failure for Petroleum Filling Stations in Turkey ", İktisat, İşletme ve Finans Dergisi, Volume: 24, Issue: 282, Page: 9-26, [SSCI].
• Özgür Arslan and Mehmet Baha Karan, 2006; "Ownership And Control Structure As Determinants Of Corporate Debt Maturity:A Panel Study Of An Emerging Market", Corporate Governance: An International Review , Volume: 14, Issue: 4, Page: 312-324, [SSCI].
• Halit Gonenc and Mehmet Baha Karan, 2003; "Do Value Stocks Earn Higher Returns than Growth Stocks in an Emerging Market? Evidence from İstanbul Stock Exchange", Journal of International Financial Management & Accounting, Volume: 14, [SSCI].
• Rıza Demirer and Mehmet Baha Karan, 2002; "An Investigation of the Day of the Week Effect On Stock Returns in Turkey", Emerging Markets Finance and Trade, Volume: 6, Issue: 38, Page: 47-77, [SSCI].
• S. Armagan Tarım and Mehmet Baha Karan, 2001; "Investment Fund Performance Measured Using Weight-Restricted Data Envelopment Analysis", Russian and East European Finance and Trade, Volume: 5, Issue: 37, Page: 63-88, [SSCI].

Other International Indexed Journal

• Ezgi TUNCAY, Mehmet KARAN, Eren MISKI AYDIN, 2020; "Underpricing of initial public offerings in hot and cold markets: An empirical study on Borsa Istanbul", Central European Review of Economics and Management, Volume: 4, Issue: 2, Page: 107-135, [Other International Indexed Journal].
• Johannes (Joost) PLATJE, Grahame FALLON, Mehmet Baha KARAN, Wim WESTERMAN, Yoram KROZER, Markus WILL, Katarzyna KUREK, Johan VAN OPHEM, 2020; "Exchange of new ideas: towards a more open, cooperative and sustainable world", Central European Review of Economics and Management (CEREM) , Volume: 4, Issue: 3, Page: 117-132, [Other International Indexed Journal].
• Leyla Bedelova, Yılmaz Yıldız, Mehmet Baha Karan, 2017; "Impact of Brokerage Analysts’ Recommendations on Stock Prices: Evidence from Turkey ", Journal of Accounting and Finance (MUFAD), Issue: 74, Page: 97-118, [Other International Indexed Journal].
• Yılmaz Yıldız, Mehmet Baha Karan, 2016; "Firm Level Determinants Of Foreign Portfolio Investments In Turkey: A Dynamic Panel Regression Analysis Approach", Journal of Economics Finance and Accounting , Volume: 3, Issue: 2, Page: 126-141, [Other International Indexed Journal].
• Yılmaz Yıldız, Ozgur Arslan-Ayaydin and Mehmet Baha Karan, 2016; "Payment Persistence of Participants in Turkish Private Pension Scheme and GenderDifferences", International Journal of Economics and Finance, Volume: 8, Issue: 10, Page: 159-166, [Other International Indexed Journal].
• T. Guy Crescent Mebounou, Mehmet Baha Karan, Hodonou Dannon , 2015; "Liquidity and bank profitability in WAEMU zone: a panel data analysis, ", Afro-Asian Journal of Finance and Accounting, Volume: 5, Issue: 2, Page: 113-134, [Other International Indexed Journal].
• Sumeyra Kara, Yilmaz Yildiz, Mehmet Baha Karan, 2015; "Analysis Of Risk-Taking Behaviour Of Individual Pension System Participants: The Case Of Turkey ", Journal of Economics, Finance and Accounting, Volume: 2, Issue: 3, Page: 375-396, [Other International Indexed Journal].
• Cansu Tanyolac, Mehmet Baha Karan, 2015; "Analyzing demographic characteristics of the security investors: an application to Turkey ", Journal of Economics, Finance and Accounting, Volume: 2, Issue: 4, Page: 680-703, [Other International Indexed Journal].
• Nedim Sözen, Mehmet Baha Karan and Göknur Büyükkara, 2014; "Should Eximbank Finance Firms with Direct Export Credits: An Emprical Study on the Credit Risk of Eximbank", Journal of Finance and Bank Management, Volume: 2, Issue: 2, Page: 133-163, [Other International Indexed Journal].
• Ozgur Arslan-Ayaydin, Donald Barnum, Mehmet Baha Karan and Hakan Ozdemir, 2014; "How is Moral Hazard Related to Financing R&D and Innovations?", European Reseach Studies, Volume: 17, Issue: 4, Page: 111-131, [Other International Indexed Journal].
• Mustafa Ibıcioglu, Ayhan Kapusuzoglu, Mehmet Baha Karan, 2013; "Empirical Analysis of the Relationship between Consumer Confidence Index and Exchange Rate in Turkey", Journal of Business Research-Turk, Volume: 5, Page: 5-16, [Other International Indexed Journal].
• Ayhan Kapusuzoğlu, Mehmet Baha Karan, 2013; "The Effect of the Exchange Rate Risk on the Stock Prices of the Energy Companies", Journal of Economics and Behavioral Studies, Volume: 5, Issue: 2, Page: 106-116, [Other International Indexed Journal].
• İhsan Erdem Kayral and Mehmet Baha Karan, 2012; "The Research On The Distinguishing Features Of The International Financial Centers", Journal of Applied Finance and Banking (JAFB), Volume: 2, Issue: 5, Page: 217-238, [Other International Indexed Journal].
• Goknur Buyukkara, Andre Dorsman and Mehmet Baha Karan, 2012; "Market Coupling of Electricity Markets", European Journal of Economics, Finance and Administrative Sciences, Volume: 9, Issue: 6, Page: 3413-3427, [Other International Indexed Journal].
• Selcuk Caner and Mehmet Baha Karan, 2012; "Screening Creditworthiness of SME`s: The Case of Small Business Assistance in Turkey ", Multinational Finance Journal, Volume: 16, [Other International Indexed Journal].
• Mustafa İbicioglu , Mehmet Baha Karan, 2012; "The Factors Affectıng Of Demand for Housing Credit: Evidence From Turkey ", Ekonomi Bilimleri Dergisi, Volume: 4, Page: 65-76, [Other International Indexed Journal].
• Hakan Özerol, Selin Metin Camgöz, Mehmet Baha Karan, Azize Ergeneli, 2011; "Determining The Performance of Individual Investors: The Predictive Roles of Demographic Variables and Trading Strategies", International Journal of Business and Social Science, Volume: 2, Issue: 18, Page: 86-92, [Other International Indexed Journal].
• Ayhan Kapusuzoğlu and Mehmet Baha Karan, 2011; "An Analysis of the Relationships between Financial Indicators and Energy Prices among the OECD Countries", International Journal of Business and Social Science, Volume: 2, Issue: 21, Page: 258-274, [Other International Indexed Journal].
• Göknur Umutlu, Mehmet Baha Karan, 2011; "Pecking Order and Timing Effects on Aftermarket Performance of IPOs: An Empirical Study in Emerging Markets", International Research Journal of Applied Finance, Volume: 2, Issue: 2, Page: 180-201, [Other International Indexed Journal].
• Ayhan Kapusuzoğlu and Mehmet Baha Karan, 2010; "An Analysis of the Co-integration and Causality Relationship between Electricity Consumption and Gross Domestic Product (GDP) in the Developing Countries: An Empirical Study of Turkey", Business and Economics Research Journal, Issue: 3, Page: 57-68, [Other International Indexed Journal].
• Murat Doğu, Semra Karaceer and Mehmet Baha Karan, 2010; "Empirical Testing of Insider Trading in the Istanbul Stock Exchange ", International Research Journal of Finance and Economics, Issue: 51, Page: 97-107, [Other International Indexed Journal].
• Ozgur Arslan Mehmet Baha Karan and Cihan Ekşi, 2010; "Board Structure and Corporate Governence,", Managing Global Transitions: International Research Journal , Issue: 8, Page: 3-22, [Other International Indexed Journal].
• Mehmet Baha Karan and Ayhan Kapusuzoğlu, 2010; "An Analysis of the Random Walk and Overreaction Hypotheses through Optimum Portfolios Constructed by the Nonlinear Programming Model", Australian Journal of Basic and Applied Sciences, Volume: 4, Issue: 6, Page: 1215-1220, [Other International Indexed Journal].
• Mustafa Ibicioglu and Mehmet Baha Karan, 2009; "The Effect of Interest Rates on Consumer Credit in Turkey ", Journal of BRSA Banking and Financial Markets, Volume: 3, Issue: 2, Page: 11-30, [Other International Indexed Journal].
• Mehmet Baha Karan and Özgür Arslan, 2008; "Consumer Credit Risk Factors of Turkish Households", Journal of Bank and Bank Systems, Volume: 3, Page: 42, [Other International Indexed Journal].
• Özgür Arslan and Mehmet Baha Karan, 2007; "Does Free Cash Flow Anomaly Exist in an Emerging Market? Evidence From Istanbul Stock Exchange", International Research Journal in Finance and Economics, Volume: 11, Page: 163, [Other International Indexed Journal].
• Ramazan Aktaş, Mehmet Baha Karan and Kursat Aydogan, 2003; "Forecasting Short Run Performance of Initial Public Offerings In İstanbul Stock Exchange ", Journal of Entrepreneurial Finace and Business Ventures, Page: 23, [Other International Indexed Journal].
• Mehmet Baha Karan, 2002; "Weekend and January Effects in the Industrial Indexes of Istanbul Stock Exchange", İşletme ve Finans Dergisi, Volume: 17, Issue: 190, Page: 52, [Other International Indexed Journal].
• S. Armagan Tarım and Mehmet Baha Karan, 2001; "Data Envelopment Analysis in Performance Evaluation", International Journal of Government Auditing, Volume: 4, Issue: 28, Page: 12, [Other International Indexed Journal].
• Mehmet Baha Karan, 1996; "Price –Earnings Effect in İstanbul Stock Exchange", İşletme ve Finans Dergisi, Volume: 11, Issue: 119, Page: 26, [Other International Indexed Journal].
• Mehmet Baha Karan and Azize Ergeneli, 1996; "Job Stress and Financial Performance of Mutual Fund Managers", İşletme ve Finans Dergisi, Issue: 4, Page: 79, [Other International Indexed Journal].
• V. C. Ganamukkala and Mehmet Baha Karan, 1996; "Prediction of Financially Unsuccessful Companies Using MDA and MRA Techniques: An Empirical Study on İstanbul Stock Exchange", METU Studies in Development, Volume: 23, Issue: 3, Page: 357, [Other International Indexed Journal].
• Mehmet Baha Karan, 1996; "Price/Earning, Market Value/Book Value and Price/Sales Effects in İstanbul Stock Exchange", İşletme ve Finans Dergisi, Issue: 4, Page: 73, [Other International Indexed Journal].
• Mehmet Baha Karan, 1994; "The New Approaches on Deposit Insurance System", İşletme ve Finans, Volume: 9, Issue: 98, Page: 75, [Other International Indexed Journal].

National Indexed Journal

• Mehmet Sağlam, Mehmet Baha Karan, 2020; "Küçük ve Orta Ölçekli Şirketlerde Finansal Performans ve Kurumsal Yönetim İlişkisi: Borsa İstanbul Gelişen Şirketler Piyasası Üzerine Bir Uygulama", İzmir Journal of Economics, Volume: 34, Issue: 4, Page: 583-598, [Ulakbim].
• Mehmet Baha Karan, 2003; "The Anomalies of the Istanbul Stock Exchange", Ege Ekonomik Bakış Dergisi, Issue: 2, Page: 36, [Ulakbim].
• Mehmet Baha Karan and Cihan Ekşi, 2002; " Low Price Effect in Istanbul Stock Exchange", İsletme ve Finans Dergisi, Volume: 17, Issue: 201, Page: 48-55, [Ulakbim].
• Mehmet Baha Karan and Akyay Uygur, 2001; "EvaIuation of the Days of the Week Effect and January Effect Conceming Firm Size: An Empirical Study in Istanbul StockExchange", nkara Üniversitesi SBF Dergisi, Volume: 56, Issue: 2, Page: 103-115, [Ulakbim].
• Mehmet Baha Karan and Semra Karacaer, 2001; "A Research on Common Stock Inflation Hedges in Istanbul Stock Exchange", MÜDAV Muhasebe Bilim Dünyası Dergisi, Volume: 3, Issue: 2, [Ulakbim].
• Mehmet Baha Karan and S. Armagan Tarım, 2001; "An Emprical Investigation of the Overreaction in Stock Returns in the İstanbul Stock Exchange", Hacettepe University Faculty Journal of Economics and Administrative Sciences, Issue: 19, Page: 27, [Ulakbim].
• Mehmet Baha Karan and Ece Karadağlı, 2001; "Risk, Return and Equilibrium in İstanbul Stock Exchange:A Test of Capital Asset Pricing Model", Hacettepe University Economics and Administrative Sciences Journal, Volume: 19, Page: 165, [Ulakbim].
• Ramazan Aktaş and Mehmet Baha Karan, 2000; "Predicting Stock Returns Using Fundamental Information and Multivariate Statistical Modelling: An Empirical Study on Istanbul Stock Exchange", Hacettepe University Faculty Journal of Economics and Administrative Sciences, Volume: 18, Issue: 2, Page: 433, [Ulakbim].
• Kazım Gerçek and Mehmet Baha Karan, 2000; "Neglected Stock Effect in Istanbul Stock Exchange : A Quarterly Approach", Hacettepe University Faculty Journal of Economic and Administrative Sciences, Volume: 18, Issue: 2, Page: 167, [Ulakbim].
• Kazım Gerçek and Mehmet Baha Karan, 2000; "Neglected Stock Effect in Istanbul Stock Exchange", İİBF Dergisi, Volume: 16, Issue: 2, Page: 167-188, [Ulakbim].
• Tolga Ayden and Mehmet Baha Karan, 2000; "The Long Term Performance Evaluation of Initial Public Offerings in İstanbul Stock Exchange", Gazi University Faculty Journal of Economic and Administrative Sciences, Volume: 2, Issue: 3, Page: 87, [Ulakbim].
• Mehmet Baha Karan and Semra Karacaer, 1999; "The Relationship Between Accounts of Income Statements and Price to Book Value : An Empirical Study On İstanbul Stock Exchange", Hacettepe University Faculty Journal of Economics and Administrative Sciences, Volume: 17, Issue: 2, Page: 107, [Ulakbim].
• Mehmet Baha Karan and Yaprak Ressamoğlu, 1996; "The Effect of Specialists` Advices on Stock Performance", Hacettepe University Faculty Journal of Economics and Administrative Sciences, Volume: 14, Issue: 2, Page: 121, [Ulakbim].
• Azize Ergeneli and Mehmet Baha Karan, 1996; "The Relationship Between Job Performance and Habits: An Emprical Study on Turkish Mutual Fund Managers", TODAI Amme İdaresi Dergisi, Volume: 8, Issue: 4, Page: 46, [Ulakbim].
• Mehmet Baha Karan and Ron French, 1996; "The Structure and Financing of a New National Tourism Organisation (NTO) for Northern Cyprus", Hacettepe University Faculty Journal of Economics and Administrative Sciences, Volume: 16, Page: 19, [Ulakbim].
• Mehmet Baha Karan, 1995; "Privization Policy of Turkey and a Public Company in Tourism Sector", Review of the Faculty of Political Sciences, Volume: 49, Issue: 3, Page: 239, [Ulakbim].
• Mehmet Baha Karan, 1994; "Weekend Effect in İstanbul Stock Exchange", Yaklaşım, Volume: 2, Issue: 20, Page: 99, [Ulakbim].

Other Journal

• Fatih Alparslan Yılmaz and Mehmet Baha Karan, 2015; "Detection of The Sectorial Effects Of The Greatest Earthquakes in Turkey On Borsa Istanbul", TSEV-Sigorta Araştırmaları Dergisi, Volume: 10, Issue: 11, Page: 2-21, [Other Journal].
• Kartal Somuncu and Mehmet Baha Karan, 2010; "The Impacts of International Portfolio Investments on Istanbul Stock Exchange Market ", Sayıstay Journal, Issue: 77, Page: 149-167, [Other Journal].
• Leyla Özer, Azize Ergeneli and Mehmet Baha Karan, 2006; "Risk And Return Perception And The Investment Preferences Of Investors And Specialists: Evidence From An Emerging Market", Eurasian Review of Economics and Finance, Issue: 2, Page: 10, [Other Journal].
• Kursat Aydogan and Mehmet Baha Karan, 2003; "Global Mali Skandallar ve Piyasalara Yansımaları", Piyasa, Volume: 2, Issue: 6, Page: 61-68, [Other Journal].
• Mehmet Baha Karan, 2001; "Registration of the Staff of Capital Market Companies and the Effect of Registration on Turkish Capital Market Operations", Yaklaşım Dergisi, Volume: 9, Issue: 107, Page: 53, [Other Journal].
• Mehmet Baha Karan, 2001; "An Analitical Evaluation on Tax Payments of the Istanbul Stock Exchange Companies", Yaklaşım Dergisi, Volume: 9, Issue: 106, Page: 49, [Other Journal].
• Ramazan Aktaş and Mehmet Baha Karan, 1999; "Can the Overperformance ond Lowperformance Stocks of ISE be Predicted", Finans Topluluğu Dergisi, Page: 64, [Other Journal].
• Ramazan Aktaş and Mehmet Baha Karan, 1999; "Multivariate Statistical Modelling for the Classification of the Shares Traded at the İMKB as to Their Average Earnings", Kara Harp Okulu Bilim Dergisi, Volume: 9, Page: 13, [Other Journal].
• Mehmet Baha Karan, 1995; "The Effects of Consumer Credits on Banking Sector", Uzman Gözüyle Bankacılık Dergisi, Volume: 9, Issue: 3, Page: 37, [Other Journal].
• Mehmet Baha Karan, 1994; "Türkiye`de Tüketici Kredileri ve Tüketicinin Korunması", Yaklaşım Dergisi, Volume: 2, Issue: 24, Page: 121, [Other Journal].
• Mehmet Baha Karan, 1994; "Effects of Consumer Credits on Automobile and Refrigator Companies and Industrial Companies", Uzman Gözüyle Bankacılık Dergisi, Volume: 2, Issue: 8, Page: 56, [Other Journal].

Books / Book Cheapters

• Yatırım Analizi ve Portföy Yönetimi (Investment Analysis and Portfolio Management), 2001, 2004, 2011, 2013 by Gazi Publ., Mehmet Baha Karan; Gazi Publications, 2018, Ankara , 5. Edition., ISBN: 9786053447450.
• Energy Economy, Finance and Geostrategy, Editors: André B. Dorsman, Volkan Ş. Ediger and Mehmet Baha Karan; Springer, 2018, Germany , ISBN: 978-3-319-768.
• Energy and Finance: Sustainability in the Energy Industry, Edited by André Dorsman, Özgür Arslan-Ayaydin, Mehmet Baha Karan ; Springer, 2016, Germany , ISBN: 3319322664.
• Perspectives on Energy Risk , Edited by Andre Dorsman, Timur Gök and Mehmet Baha Karan; Springer-Verlag, 2014, Heidelberg , ISBN: 9783642415951.
• Finansal Yönetim, Mehmet Baha Karan, Hatice Doğukanlı, Güler Aras ve Turhan Korkmaz; Anadolu Üniversitesi, 2012, Eskisehir , ISBN: 978-975-06-12.
• Financial Aspects in Energy: A European Perspective, (SSCI Book ), Edited By Andre Dorsman,Wim Westerman and Mehmet Baha Karan, Ozgur Arslan; Springer -Verlag, 2011, Berlin Heidelberg , ISBN: 3642197086.
• Second International Energy and Value Conference Conference Proceeding Book, Edited by Mehmet Baha Karan, Özgür Arslan; Hacettepe University, 2009, Ankara , ISBN: 978-605-89602.
• Türkiye'de Tüketici Kredileri ve Tüketici Kredi Riskinin Değerlendirilmesi ( Consumer Credits and Evaluation of Consumer Credit Risk in Turkey), Özgür Arslan and Mehmet Baha Karan; 72 Tasarım ltd, 2009, Ankara , ISBN: 978-605-89602.
• 2th International Credit Risk and Rating Conference Conference Proceedings Book, Edited by Mehmet Baha Karan and Özgür Arslan; Sonsöz Press, 2008, Ankara , ISBN: 978-9944-62-6.
• SPK Lisanslama Sınavları Soru Bankası (Test Bank for Capital Market Examinations), Mehmet Baha Karan, Mustafa İpci and Kartal Somuncu; Akademi Publications, 2003, Ankara , ISBN: 975-6885-10-6.
• Türkiye’de Sermaye Piyasası’nın Mali Sistem İçindeki Yeri ve Geleceği (The Role and Future of Capital Market in Turkish Finance Sector), Mehmet Baha Karan and Argun Karacabey; Capital Market Board, 2002, Ankara , ISBN: 975-6951-37-0.
• Türkiye'de Tüketici Kredilerinin Bankacılık Sistemine ve Sanayi İşletmelerine Etkisi (Effects of Consumer Credits on Commercial Banks and Industrial Companies) , Mehmet Baha Karan ; Gazi Publications, 1993, Ankara

Congress and Symposium

• 2020 - Murside Rabia ERDOGAN, Selin Metin CAMGOZ, Mehmet Bha KARAN, M. Hakan BERUMENT, "Attitudes toward switching supplier: An investigation in Turkish Electricity Market", ISINI Online Conference, Wroclaw, Poland, Oral Presentation (Virtual), WSB University.
• 2020 - Murside Rabia ERDOGAN, Selin Metin CAMGOZ, Mehmet Bha KARAN, M. Hakan BERUMENT, " Switching behavior of large scale electricity consumers and competition in the Turkish electricity retail market", ISINI Online Conference, Wroclaw, Poland, Oral Presentation (Virtual), WSB University.
• 2020 - Esen AKTŰRK, Mehmet BAHA KARAN, "Does the dividend policy impact on the price volatility of common stocks? An empirical study on European countries.", ISINI Online Conference, Wroclaw, Poland, Oral Presentation (Virtual), WSB University.
• 2020 - Billur BATUMAN, Mehmet Baha KARAN, "Determinants of cash holding in Eastern European Countries", ISINI Online Conference, Wroclaw, Poland, Oral Presentation (Virtual), WSB University.
• 2020 - Tuğba AKCA, Mehmet BAHA KARAN, Yilmaz YILDIZ, " The effect of financial leverage on investment decisions in emerging markets ", ISINI Online Conference, Wroclaw, Poland, Oral Presentation (Virtual), WSB University.
• 2019 - Mürşide Erdoğan, Selin Metin Camgöz, M. Hakan Berüment, Mehmet Baha Karan, "Switching Behaviour of Large Scale Electricity Consumer in Turkish Electricity Market", 7th Multinational Energy and Value Conference, Ankara, Turkey, Oral Presentation, Ostim Teknik University.
• 2019 - Yilmaz Yildiz and Mehmet Baha Karan, "Stock price crash risk of alternative energy firms: The role of national culture and environmental performance", 7th Multinational Energy and Value Conference, Ankara, Turkey, Oral Presentation, Ostim Teknik University.
• 2019 - Yilmaz Yildiz and Mehmet Baha Karan, "Corporate Cash Holdings in Energy Industry: Evidence from European Firms", 7th Anual Conference of Multinational Finance Society, Jaruselam, Israel, Oral Presentation.
• 2018 - Onur Enginar and Mehmet Baha Karan, "Using Neural Network in Event Study", Multinational Finance Society Annual Conference, Budapest, Hungary, Oral Presentation, ESSCA-School of Management, France.
• 2018 - Tugba Akca and Mehmet Baha Karan, "The Impact of Financial Leverage on Investment Decisions: Evidence from Developed and Emerging Markets", Multinational Finance Society Annual Conference, Budapest, Hungary, Oral Presentation, ESSCA-School of Management, France.
• 2018 - Mehmet Baha Karan, Aydin Ozkan and Yilmaz Yildiz, "Is Conservative Reporting Attractive to Foreign Institutional Investor? Evidence from an Emerging Market", Multinatiol Finance Society Annual Conference, Budapest, Hungary, Oral Presentation, ESSCA-School of Management, France.
• 2018 - Yilmaz Yildiz and Mehmet Baha Karan, "Corporate Cash Holdings in European Oil and Gas Producers: The role of energy directives", ISINI Conference, Wroclaw, Poland, Oral Presentation, WSB University in Wrocław.
• 2017 - Okan Yardımcı, Mehmet Baha Karan, "Effectiveness of Regulation: An Investigation of the Turkish Natural Gas Distribution Market", 6th Multinational Energy and Value Conference , Guzelyurt, N. Cyprus, Oral Presentation, METU N. Cyprus and Hacettepe University.
• 2017 - Aysen Araç, Mehmet Baha Karan, "The Long Run Relationship between Natural Gas Prices and Oil Prices", 6th Multinational Energy and Value Conference , Guzelyurt, N. Cyprus, Oral Presentation, METU N. Cyprus and Hacettepe University.
• 2017 - Aydın Ulucan, Mehmet Baha Karan and Arif Özden, "Ranking of Natural Gas Transmission Projects at the Southeastern Corridor: a Multi-Criteria Approach on the Countries of the Region", 6th Multinational Energy and Value Conference , Güzelyurt, N. Cyprus, Oral Presentation, METU and Hacettepe University.
• 2017 - Yılmaz Yıldız, Mehmet Baha Karan, "Momentum or Market? Determinants of Large Price Changes in Stock Prices During Pre- and Post-Crisis Periods", Multinational Finance Society, Bucharest, Romania, Oral Presentation.
• 2017 - Onur Enginar, Mehmet Baha Karan, Göknur Büyükkara, "Performances of Emerging Stock Exchanges During the Fed Tapering Announcements", Multinational Finance Society, Bucharest, Romania, l Presentation.
• 2016 - Yılmaz Yıldız, Mehmet Baha Karan and Aydın Özkan, "The Effect of Valuation Difference between Local and Foreign Investors on Local PortfolioInvestments", Multinational Finance Society , Stockholm, Sweden, Oral Presentation, Sweden Business School.
• 2016 - Hasan Alma and Mehmet Baha Karan, "Valuations of Electricity Distribution and Retail Companies in an Emerging Market : An Empirical Study on Turkey", ISINI Annual Conference, Groningen, the Netherlands, Oral Presentation, University of Groningen.
• 2016 - Mehmet Baha Karan and Mustafa Kaya, "Turkish Economy After The Russia-Turkey Conflict", Silk Road Conference, Chicago, USA, Invited Speaker, Central Asia Productivity and Research Center (CAPRC).
• 2016 - Mehmet Baha Karan, Arif Özden and Aydın Ulucan, "Gas Discoveries in the Eastern Mediterranean and Comparison of Potential Supply Routes by Using Multiple Criteria Decision Analysis Application ", Energy Security and International Geopolitics in the Eastern Mediterranean , N. Cyprus , Presentation, Middle East Technical University.
• 2016 - Ertuğrul Umut Uysal, Mehmet Baha Karan and Mustafa Kaya, "Value at Risk Performance of Emerging Market Equity Portfolios during the Fed’s Tapering", Multinational Finance Society Annual Conference, Stockholm, Sweden, Oral Presentation, Stockholm Business School.
• 2015 - Mustafa Kaya, Ozgur Arslan-Ayaydin and Mehmet Baha Karan, "Credit Risk Evaluation of Turkish Households Aftermath the 2008 Financial Crisis", Multinational Finance Society Annual Conference, Halkidiki, Greece, Oral Presentation.
• 2015 - Yilmaz Yildiz, Mehmet Baha Karan and Burak Pirgaip, "Price and Volume Effects Associated with Changes in Group Composition of Borsa Istanbul", Multinational Finance Society Annual Conference, Halkidiki, Greece, Oral Presentation.
• 2015 - Şahnaz Koçoğlu, Mehmet Baha Karan and Ayhan Kapusuzoğlu, "Long Run Relationship Between Oil Price and Stock Market Performance: An Empirical Evidence On Energy Sustainability Index Countries", 5th Multinational Energy and Value Conference , İstanbul, Oral Presentation, Kasir Has and Hacettepe University.
• 2015 - Hasan Alma and Mehmet Baha Karan, "Valuation of Privatized Electricity Distribution Companies of Turkey", 5th Multinational Energy and Value Conference, İstanbul, Oral Presentation, Kadir Has and Hacettepe University.
• 2014 - Ozgur Arslan Ayaddın, Darold Barnum, Mehmet Baha Karan, Hakan Özdemir, "How is Moral Hazard Related to R&D and Innovations?", the Middle East Economic Association (MEEA), Philadelphia, USA, Oral Presentation.
• 2014 - Özgür Arslan-Ayaydın, Mehmet Baha Karan and Yılmaz Yıldız, "Payment Persistence of Participants to Turkish Private Pension Scheme and Gender Differences", Multinational Finance Society, Prague, Czech Republic, Oral Presentation.
• 2014 - Yılmaz Yıldız, Mehmet Baha Karan and Seyma Bayrak, "An Investigation on Early Withdrawals from Individual Retirement Accounts: An Empirical Study on an Emerging Market", Multinational Finance Society, Prague, Czech Republic, Oral Presentation.
• 2013 - Nedim Sözen, Mehmet Baha Karan and Göknur Umutlu, "Should Eximbanks Finance Firms With Direct Export Credits? An Empirical Study On The Credit Risk Of Türk Eximbank", Multinational Finance Society, İzmir,Turkey, oral presentation, TOBB.
• 2013 - Okan Yardımcı and Mehmet Baha Karan, "Efficiency and Service Quality Analysis of the Turkish Natural Gas Distribution Companies", Multinational Energy and Value Conference, Chicago,USA, oral presentation, Northern Illinois University.
• 2012 - Mehmet Baha Karan, "State of Entrepreneurship in Turkey", Silk Road Conference, Chicago, USA, Oral Presentation.
• 2012 - Özgür Arslan, Darold Barnum, Mehmet Baha Karan, Hakan Özdemir, "How Is the Firm Performance Related with R&D and Innovations?", Multinational Finance Society Annual Conference, Krakow, Poland, Oral Presentation.
• 2011 - Ozge Kucuktalaslı, Ozgur Arslan and Mehmet Baha Karan, "Quality in the Financial Sector from the Perspective of Consumer Credits", Multinational Finance Society, Rome, Italy, oral presentation.
• 2011 - Ayhan Kapusuzoglu and Mehmet Baha Karan, "Drivers of Energy Demand in Developing Countries", 3rd Multinational Energy and Value Conference, Groningen, the Netherlands, oral presentation.
• 2011 - Ayhan Kapusuzoglu and Mehmet Baha Karan, "An Analysis of the Re-lationships between Energy Prices and Market Indicators: an Empirical Study on OECD Countries", 3rd Multinational Energy and Value Conference, Groningen, the Netherlands, oral presentation.
• 2010 - Yakup Şeref, Özgür Arslan, Dagmara Lewicka and Mehmet Baha Karan, "Framing And Risky Choice: Gain And Loss Perception Differences Observed N A Sample Of Polish And Turkish Students ", Future Organisations New Challanges in Competetive Economy, Poland, Zakopane, oral presentation, Akademia Gorniczo- Hutnicza.
• 2010 - Ceren Bektaş, Özgür Arslan, Mehmet Baha Karan, "Price Efficiency in Option Markets: An Empirical Study on Izmir Derivatives Exchange", Multinational Finance Society, Barcelona, Spain, Oral presentation.
• 2010 - Ceren Bektaş, Özgür Arslan and Mehmet Baha Karan, "Price Efficiency in Option Markets: An Empirical Study on Izmir Derivatives Exchange", Society for the Study of Emerging Markets’ EuroConference 2010, Milas, Turkey,, Oral presentation.
• 2010 - Ceren Bektaş, Mehmet Baha Karan and Özgür Arslan, "Price Efficiency in Option Markets: An Empirical Study on Izmir Derivatives Exchange", 6th International Scientific Conference, Vilnius, Lithuania, Vilnius Gediminas Technical University.
• 2009 - Andre Dorsman,Erdinç Telatar, Mehmet Baha Karan, Göknur Umutlu, "Electricity Markets: A Research About Efficiency and Market Coupling", Secon Multinational Energy and Value Conference, Ceylan Intercontinental, Istanbul, Turkey, Oral Presentation, Hectepe University.
• 2009 - Özgür Arslan, Mehmet Baha Karan, Murat Alatlı, "Detection of Factors Leading to Business Failure for Gasoline Distribution Sector", Second Multinational Energy and Value Conference, Ceylan Intercontinental, Istanbul, Turkey, Oral Presentation, Hacettepe University.
• 2008 - Mehmet Baha Karan, Aydın Ukucan and Mustafa Kaya, "Estimation of Credit Risk of Retail Stores by Using Payment History: A Comparative Study Using Logistic Regression and Multi-Criteria Analysis", Second International Credit Risk and Rating Conference, Ankara, Turkey, Oral Presentation, Hacettepe University.
• 2008 - Selçuk Caner and Mehmet Baha Karan, "Estimation of Default Risk of Small and Medium Sized Enterprises of Turkey ", Second International Credit Risk and Rating Conference, Ankara, Turkey, Oral Presentation, Hacettepe University.
• 2008 - Mehmet Baha Karan and Özgür Arslan, "Determining Consumer Credit Risk Factors of Turkish Households", Second International Credit Risk and Rating Conference, Ankara, Turkey, Oral Presentation, Hacettepe University.
• 2008 - Mehmet Baha Karan and Özgür Arslan, "Determining Low Risk Borrowers Among Turkish Householders", Business and Management 2008, Vilnius, Lithuania, Oral Presentation.
• 2008 - Mehmet Baha Karan, Aydın Ulucan and Mustafa Kaya, "Estimation of Credit Risk of Retail Stores by Using Payment History: A Comparative Study Using Logistic Regression and Multi-DEA", Business and Management 2008, Vilnius, Lithuania, Oral Presentation.
• 2008 - Selin Metin Camgöz, Mehmet Baha Karan and Azize Ergeneli, "The Utility of Personality Factors and Risk Tolerance in Predicting Financial Performance of Fund Managers in Turkey", Multinational Finance Society, Orlando, Florida, Oral Presentation.
• 2008 - Mehmet Baha Karan, Aydın Ulucan and Mustafa Kaya, "Estimation of Credit Risk of Retail Stores by Using Their Payment History: A Comparative Study Using Logistic Regression and Multicriteria Analysis", Multinational Finance Society, Orlando, Florida, Oral Presentation.
• 2008 - Murat Dogu, Mehmet Baha Karan and Semra Karacaer, "Empirical Testing of Insider’s Trading in the İstanbul Stock Exchange", Multinational Finance Society, Orlando, Florida, Oral Presentation.
• 2008 - Mehmet Baha Karan, Ozgur Arslan and Goksel Ozkul, "Indicators Of Corporate Failure For SMEs", Multinational Finance Society, Orlando, Florida, Oral Presentation.
• 2008 - Göknur Umutlu and Mehmet Baha Karan, "Pecking Order And Timing Effects On Aftermarket Performance of IPOs: An Empirical Study On Emerging Markets", Multinational Finance Society, Orlando, Florida, Oral Presentation.
• 2008 - Mehmet Baha Karan and Özgür Arslan, "Determining Consumer Credit Risk Factors of Turkish Households", Multinational Finance Society, Orlando, Florida, Oral Presentation.
• 2008 - Göknur Umutlu and Mehmet Baha Karan, "Pecking Order and Timing Effects in Aftermarket IPOs", International Conference in Management and Economics, İzmir, Turkey, Oral Presentation.
• 2007 - Selçuk Caner and Mehmet Baha Karan, "A Scoring Analysis for SMEs in Turkey", International Credit Risk and Rating Conference, Ankara, Turkey, Oral Presentation.
• 2007 - Mehmet Baha Karan, "Recent Developments in Energy Markets", International Energy and Value Conference, Amsterdam, Netherlan, Opening Speech.
• 2007 - Özgür Arslan and Mehmet Baha Karan, "Does Free Cash Flow Anomaly Exist in an Emerging Market? Evidence From Istanbul Stock Exchange", Multinational Finance Society , Thessaloniki, Greece, Oral Presentation.
• 2007 - Selçuk Caner and Mehmet Baha Karan, "Estimation of Credit Risk Scores of Small and Medium Size Enterprises in Turkey", Multinational Finance Society, Thessaloniki, Greece, Oral Presentation.
• 2006 - Özgür Arslan and Mehmet Baha Karan, "Debt Maturity Strcuture of Turkish Listed Firms", Multinational Finance Society , Edinburg, England, Oral Presentation.
• 2006 - Kartal Somuncu and Mehmet Baha Karan, "The Effects Of Trading Strategies Of International Portfolio Investors On Istanbul Stock Exchange Market", Multinational Finance Society, Edinburg, England, Oral Presentation.
• 2005 - Özgür Arslan and Mehmet Baha Karan, "Ownership And Control Structure As Determinants Of Corporate Debt Maturity:A Panel Study Of An Emerging Market", 1st International Conference in Management and Economics, İzmir, Turkey, Oral Presentation.
• 2005 - Leyla Özer, Azize Ergeneli and Mehmet Baha Karan, "Financial Risk Perception of Finance Specialists in the Beginning of the Stabilization Period of Turkey", Multinational Finance Society, Athens, Greece, Oral Presentation.
• 2004 - Mehmet Baha Karan, "The Structure of Small Business Companies of Turkey", 5th Annual International Scientific Conference “Competitiveness and Modernization of Economy, Moskov,Russia, Oral Presentation.
• 2003 - Mehmet Baha Karan, S. Armağan Tarım and Gülnur Muradoğlu, "Overreaction to Daily Price Limits in the Istanbul Stock Exchange", Multinational Finance Society, Montreal, Canada, Oral Presentation.
• 2001 - Halit Gönenç and Mehmet Baha Karan, "Do Value Stocks Earn Higher Returns than Growth Stocks in an Emerging Market", European Finance Society, Lugano, Switzerland, Oral Presentation.
• 2001 - Ramazan Aktaş, Mehmet Baha Karan and Kürşat Aydoğan, "Forecasting Short Run Performance of Initial Public Offerings In İstanbul Stock Exchange", Multinational Finance Society, Verona, Italy, Oral Presentation.
• 2001 - Halit Gönenç and Mehmet Baha Karan, "Do Value Stocks Earn Higher Returns than Growth Stocks in an Emerging Market", METU International Economy Congress, Ankara, Turkey, Oral Presentation.
• 2000 - Rıza Demirer and Mehmet Baha Karan, "An Investigation of the Day-of-the-Week Effect on Stock Returns in Turkey: Existence of Monday Volatility", Midwest Economics Association, Chicago, Oral Presentation.
• 1999 - Ramazan Aktaş and Mehmet Baha Karan, "Multıvariate Statistical Modelling for Ranking of the Shares Traded at the ISE as to Their Average Earnings", Global Finance Association, Istanbul, , Istanbul, Turkey, Oral Presentation.

Congress and Symposium as a Member of Organizing Comittee

• 2019 - 7th Multinational Energy and Value Conference, Chair, Ostim Teknik Üniversitesi, Ankara, Turkey.
• 2017 - 6th Multinational Energy and Value Conference, May 18-20, Program Chair with Rafet Akgünay, Güzelyurt, N.Cyprus.
• 2015 - 5th Multinational Energy and Value Conference, May 7-9, Program Chair with Volkan Ediger and Necmiddin bağdadioğlu, İstanbul, Turkey.
• 2013 - 4 th Multinational Energy & Value Conference, Program Co-Chair with Özgür Arslan and Harry Lepinske, Chicago, USA.
• 2013 - Twentieth Annual Conference of Multinatonal Finance Society, Program Chair with George Constantinides, Süleyman Basak and Ramazan Aktaş, İzmir, Turkey.
• 2009 - SECOND MULTINATIONAL ENERGY AND VALUE CONFERENCE, Hacettepe University, Program Chair, Ceylan Intercontinental, Istanbul, Turkey.
• 2008 - SECOND INTERNATIONAL CREDIT RISK AND RATING CONFERENCE, Hacettepe University, Program Chair, Sheraton Hotel, Ankara, Turkey.
• 2007 - FIRST INTERNATİONAL CREDIT RISK AND RATING CONFERENCE, Hacettepe University, Program Chair, Sheraton Hotel, Ankara, Turkey.
• 2005 - FROM BALKANS TO THE CAUCUSES AND BEYOND FINANCE, COMPETITION AND REGIONAL COOPERATION, Finance Society, Turkey, Program Chair, Ankara Chamber of Commerce, Ankara, Turkey.
• 2004 - ELEVENTH ANNUAL CONFERENCE OF THE MULTINATIONAL FINANCE SOCIETY, Hacettepe University Financial Research Center (HUFAM), Program Chair with Gulnur Muradoglu and Mustafa Gultekin, Ceylan Intercontinental, Istanbul, Turkey.
• 2001 - Current Issues in Economic Policy of Turkey and Russian Federation, member of organization committee, DEIK Conference Moskow.

Projects

• Switching Behaviour of Large Scale Electricity Consumer in Turkish Electricity Market, Job: Researcher, Duration: 7 mont, Supporting Organizations: The Scientific and Technological Research Council of Turkey, Beginning Year: 2019, Termination Year: 2020.
• Evaluation and Analysis of Financial Risk of Small and Medium Business and Consumer Loans In Turkey, Job: Project Leader, Duration: 30 mon, Supporting Organizations: The Scientific and Technological Research Council of Turkey, Beginning Year: 2006, Termination Year: 2008.
• Risk and Return Perception Of Investors And Specialists in Turkey, Job: Project Leader, Duration: 1 Year, Supporting Organizations: Hacettepe University, Beginning Year: 2005, Termination Year: 2006.
• The Role and Future of Capital Market in Turkish Finance Sector , Job: Project Leader, Duration: 1 Year, Supporting Organizations: Capital Market Board of Turkey, Beginning Year: 2001, Termination Year: 2002.

Professional Business Exprience

• [2014], Hacettepe Üniversity, Energy Market Research and Application Center, Member.
• [2009] - [2012], Hacettepe University Department of Business Administration, Chair.
• [2004] - [2007], Hacettepe University, Faculty of Economics and Administrative Sciences, Vice Dean.
• [2003] - [0], Hacettepe University, Department of Business Administration, Professor.
• [1998] - [2004], Hacettepe University Financial Research Center (HUFAM), Director, Description: Founder of the Center.
• [1996] - [2002], Hacettepe University, Department of Business Administration, Associate Professor.
• [1995] - [1996], Hacettepe University, Department of Business Administration, Asistant Professor.
• [1993] - [1995], Girne American University, Asistant Professor.
• [1991] - [1993], Turban Tourism Company, Member of Audit Committee.
• [1984] - [1993], Family Business, General Manager.
• [1978] - [1984], Gazi University, Research Asistant.
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Awards

• Awards for Teaching Excellence , 2016, Corporation: Hacettepe University, Award Type: Award Plaque.
• Visiting (Reseach) Fellowship , 2013, Corporation: Curtin University, Business School, Australia, Award Type: Visiting Fellowship .
• "Evaluation and Analysis of Financial Risk of Small and Medium Business and Consumer Loans In Turkey" Research Project, 2011, Corporation: The Scientific and Technological Research Council of Turkey (TUBITAK), Award Type: Success Story.
• Lecture at Polish Open University, 2010, Corporation: EU, Erasmus Program, Award Type: Fellowship.
• Lecture at Polish Open University, 2003, Corporation: EU, Erasmus Program, Award Type: Fellowship.
• Future and Options Seminar, ISMA Centre, University of Readings, 1997, Corporation: British Council, Award Type: Fellowship.
• International Banking and Finance Seminar, London, 1996, Corporation: British Council, Award Type: Fellowship.
• Cochran Fellowship Program, USA, 1987, Corporation: USA Department of Agriculture, Award Type: Fellowship.

Affiliations / Memberships

• Multinational Finance Society. Chairman, Board of Trustess 2015-2016.
• Multinational Finance Society (MFS). President, 2014-2015.
• Multinational Finance Society (MFS), USA. President-Elect, (2013-2014).
• Professional Risk Managers' International Association (PRMIA), Turkish Branch. Co-Regional Director (2011- ).
• Central Asia Productivity and Research Center (CAPRC), Chicago. Member of Advisory Board (2003- ).
• Center for Energy and Value Issues (CEVI). Vice President (2009- ).
• Multinational Finance Society (MFS), USA. Member, Board of Trustees (2008- ).
• Multinational Finance Society (MFS), USA. Chairman, Boards of Trustees (2007-2008).
• Multinational Finance Society (MFS), USA. President (2006-2007).
• Multinational Finance Society (MFS), USA. President-Elect (2005-2006).
• Finance Society, Turkey. President (2003-2007).
• Finance Society, Turkey. Secretery General (1998-2003) .
• Midwest Economics Association. Member.
• European Finance Association. Member.