Senior Lecturer in Accounting and Finance, Course Coordinator - MSc Financial Risk Management

I have been a Senior Lecturer in Accounting and Finance at the University of Bedfordshire Business School since January 2017.

I used to work as an Associate Professor of Finance at the University of Aberdeen Business School (for eight years), and as a Reader in Accountancy and Finance at the University of the West of Scotland Business School (eighteen months), and as an Assistant Professor of finance at the University of Edinburgh Business School (five years).

I used to teach as an adjunct faculty at such universities as the Middle East Technical, Bosphorus, Bilkent, Koc, Bilgi, Bahcesehir and Cankaya in Turkey. I worked as a Researcher and Assistant Economist at the Central Bank of Turkey and as a Visiting Economist at the Deutsche Bundesbank.

I was an Executive Vice President, and Head of Corporate Finance, and Research and Risk Management Departments at an Istanbul-based investment bank, and member of the Asset-Liability Committee of the parent bank, DenizBank. I have extensive consultancy experience in the fields of finance, economics and financial accountancy in addition to board level experience with two small cap private firms.

I have regularly been publishing in refereed international journals; including European Journal of Finance, Economics Letters, Physica A: Statistical Mechanics and Its Applications, and Applied Economics Letters; and present my research at international conferences.

My previous research was given best research awards by the Capital Markets Board of Turkey and the Istanbul Stock Exchange in addition to holding scholarships from the Central Bank of Turkey, UK’s Foreign and Commonwealth Office, Germany’s Konrad Adenauer Foundation and Bilkent University.

Being a military school graduate, I was a former cadet for over seven years. I speak Turkish, English and German, and I am familiar with spoken Japanese.

Other references

• LinkedIn

Qualifications

• MSc in Accounting and Finance - London School of Economics and Political Science
• BS in Economics - Bilkent University

Teaching Expertise

Over fifteen years of UK Higher Education Institution experience.

Effective design, delivery, management and coordination of a wide and diverse range of finance suit courses and modules at all levels from an undergraduate portfolio of year one to year four honours to a taught postgraduate portfolio, such as MSc and MBA modules, to research degrees, such as MRes and MPhil, and to an ultimate degree of PhD and DBA.

Areas and titles include but are not limited to:

• Principles of Finance;
• Corporate Finance;
• International Financial Management;
• Portfolio Analysis and Asset Management;
• Derivatives and Risk Management;
• Financial Markets and Institutions;
• Global Financial Markets;
• Banking and Financial Intermediation;
• Financial Regulation;
• Financial Reporting;
• Financial Statements and Investment Analysis;
• Macro-Finance;
• Empirical Finance;
• Applied Finance;
• Financial Econometrics and Research Methods.

Research Interests

• Empirical Finance; Applied Financial Econometrics; Forecasting
• Corporate Finance; Investment Analysis and Asset Management; Macro-Finance; International Finance
• Investment Banking; Central Banking
• Energy Finance and Economics; Logistics; Sports; Telecommunications; Tourism

PhD Supervision

Completion to Graduation as First Supervisor at the University of Aberdeen:

• Dr Rafi Karagol
• Dr Tolga Ozgen
• Dr Christopher Musyoki
• Dr Tariq Aziz

First PhD Supervisor at the University of Aberdeen:

• Yonca Kalyoncu Ozener
• Shan Lu
• Metin Ilbasmis

First PhD Supervisor at the University of Edinburgh:

• Dr Bing Xu, Associate Professor of Finance, Heriot-Watt University

Selected Publications

• E. Balaban, T. Ozgen and S. Karidis (2018) Intraday and interday distributions of stock returns and their asymmetric conditional volatility: Firm-level evidence, Physica A: Statistical Mechanics and Its Applications, doi.org/10.1016/j.physa.2018.02.116
• E. Balaban and S. Lu (2016) Forecasting the term structure of volatility of crude oil price changes, Economics Letters, 141, 116-118. doi.org/10.1016/j.econlet.2016.02.015
• E. Balaban and T. Ozgen (2016) Trading session effects on stock returns and their conditional volatility: Firm-level evidence from a European Union accession country, Physica A: Statistical Mechanics and Its Applications, 446, 264-271. doi.org/10.1016/j.physa.2015.09.104
• E. Balaban and C.Th. Constantinou (2006) Volatility clustering and event-induced volatility: Evidence from the UK mergers and acquisitions, European Journal of Finance, 12 (5), 449-453. doi.org/10.1080/13518470500377430
• E. Balaban, A. Bayar and R. Faff (2006) Forecasting stock market volatility: Further international evidence, European Journal of Finance, 12 (2), 171-188. doi.org/10.1080/13518470500146082
• E. Balaban and A. Bayar (2005) Stock returns and volatility: Empirical evidence from fourteen countries, Applied Economics Letters, 12 (10), 603-611. doi.org/10.1080/13504850500120607
• E. Balaban, J. Ouenniche and D. Politou(2005) A note on statistical distribution of UK stock index returns, Applied Economics Letters,12 (9), 573-576. doi.org/10.1080/13504850500120383
• E. Balaban (2004) Comparative forecasting performance of symmetric and asymmetric conditional volatility models of an exchange rate, Economics Letters, 83 (1), 99-105. doi.org/10.1016/j.econlet.2003.09.028
• E. Balaban, A. Bayar and O.B. Kan (2001) Stock returns, seasonality and asymmetric conditional volatility in world equity markets, Applied Economics Letters, 8 (4), 263-268. doi.org/10.1080/135048501750104051
• E. Balaban (2000) Forecasting stock market volatility: Evidence from Turkey, Istanbul Stock Exchange Finance Award Series, Volume 1, ISBN 975-8027-71-9.
• E. Balaban, A. Bayar and O.B. Kan (1999) Asymmetric volatility clustering, risk-return relationship and day of the week effects: Evidence from nineteen stock markets, Yapı Kredi Economic Review, 10 (2), 3-29.
• E. Balaban and K. Kunter (1997) A note on the efficiency of financial markets in a developing country, Applied Economics Letters, 4 (2), 109-112. doi.org/10.1080/758526706
• E. Balaban and H. Cilli (1997) A proposal for a new deposit insurance system in Turkey, Istanbul Stock Exchange Review.
• E. Balaban (1995) Day of the week effects: New evidence from an emerging stock market, Applied Economics Letters, 2 (5), 139-143. doi.org/10.1080/135048595357465

Contact Details

E: ercan.balaban@beds.ac.uk
T: +44 (0)1582 489754
WhatsApp only: +44 (0)7709 557786