Dr. Yaman Erzurumlu CFA

Assistant Professor

Office

SFHB State Farm Hall Of Business 240

Office Hours

Monday 11:00 - 12:20 & 18:00 - 19:15
Wednesdays 11:00 - 12:20

Office Phone

(309) 438-1789office
phone

yoerzur@ilstu.eduemail

About
Education
Selected Research

Biography

I was born in Izmir Turkey by the Mediterranean, got my BS in Engineering Management from Istanbul Tech, and my PhD in Finance from the University of Central Florida. I see myself as an Academician / semi-professional Theater personality / CFA charter holder. I am also full-time father of Maya.

Current Courses

MBA 440.001 Financial Management

MBA 440.002 Financial Management

FIL 341.003 Intermediate Business Finance

FIL 341.004 Intermediate Business Finance

Teaching Interests & Areas

Corporate Finance at Introductory and Intermediate levels,
Financial Modeling,
Project Investment,
Equity Valuation,

Research Interests & Areas

My current research topics are;
- Mutual fund performance and management
- Firm-level ESG
- Downside Risk in Portfolio Management
- Entrepreneurial Finance and Innovation Dynamics at the country level
- Interest rate and Credit Spread risks in Banking Book

PhD Finance

University of Central Florida

Orlando, FL, USA

MS Finance

Marmara University

Istanbul Turkey

BS Engineering Management

Istanbul Technical University

Istanbul, Turkey

Book, Chapter

Artificial Intelligence in Public Sector: A Framework to Address Opportunities and Challenges

Sertac Yerlikaya, Yaman Erzurumlu.

(2020), 935, 201-216, https://doi.org/10.1007/978-3-030-62796-6, The Fourth Industrial Revolution: Implementation of Artificial Intelligence for Growing Business Success, Springer

Conference Proceeding

Artificial Neural Network Based Holistic Performance Valuation and Mutual Fund Selection: Evidence from Turkey

Arif Tanis, Yaman Erzurumlu.

Springer International Publishing, (1301), 379-398, (2021), 10.1007/978-3-030-66501-2_31

Journal Article

Economic Uncertainty and Innovation Capability: Corruption as a Barrier to Innovation Output

Yunpeng Sun, Yaman O Erzurumlu, Giray Gozgor.

Pacific Basin Finance Journal, 102855, 38, (2025), https://doi.org/10.1016/j.pacfin.2025.102855

How Knowledge and Innovation Capabilities Drive Environmental Innovation? Evidence from Global Firms

Hongjie Chen, Yaman Erzurumlu, Giray Gozgor, Chi Lau.

Business Strategy and the Environment, (2025), https://doi.org/10.1002/bse.70243

Impact of Market Regulations on Firm-Specific ESG Performance: Evidence from Asian Economies

Qinghu Liao, Yaman Omer Erzurumlu, Giray Gozgor.

Review of International Business and Finance, 76, (2025), https://doi.org/10.1016/j.ribaf.2025.102864

Secured or Unsecured: That is All Matters: Practical Implications of New Reference Rates

Tunc Oygur, Alper Kirik, Yaman O Erzurumlu.

Applied Economics Letters, 5, (2025), https://doi.org/10.1080/13504851.2025.2517794

The Effects of Geopolitical and Political Risks on Corporate ESG Practices

Yaman Erzurumlu, Giray Gozgor, Melis Turkkan, Chi K.M. Lau, Alaa M. Soliman.

Journal of Environmental Management, 386 (125747), (2025), https://doi.org/10.1016/j.jenvman.2025.125747

Impact of Health Belief and Trust on Technology Acceptance in Smartwatch Usage: Turkish Senior Adults Case

Nalan Gunduz, Selim Zaim, Yaman Erzurumlu.

International Journal of Pharmaceutical and Healthcare Marketing, 18 (3), 499-520, (2024), 10.1108/IJPHM-11-2022-0102

The Impact of Economic Uncertainty on Corporate ESG Performance: Global Evidence

Chen Kan-Xiang, Yaman Omer Erzurumlu, Giray Gozgor, Chi Keung Marco Lau, Melis Turkkan.

Research in International Business and Finance, 72 (Part B), (2024), https://doi.org/10.1016/j.ribaf.2024.102533

Blockchain tokenization of real estate investment: a security token offering procedure and legal design proposal

Gurcan Avci, Yaman Omer Erzurumlu.

Journal of Property Research, 40 (2), 188-207, (2023), https://doi.org/10.1080/09599916.2023.2167665

Comparative Analyses of Mean-Variance and Mean-Semivariance Approaches on Global and Local Single Factor Market Model for Developed and Emerging Markets

Mehmet E Yildiz, Yaman Erzurumlu, Bora Kurtulus.

International Journal of Emerging Markets, 17 (1), 325-350, (2022), 10.1108/IJOEM-01-2020-0110

Effects of Country and Geopolitical Risks on Income Inequality: Evidence from Emerging Economies

Wanshan Wu, Lijun Wang, Yaman Erzurumlu, Giray Gozgor, Gaoju Yang.

Emerging Markets Finance and Trade, 58 (15), 4218-4230, (2022), 10.1080/1540496X.2022.2070002

National innovation systems and dynamic impact of institutional structures on national innovation capability: A configurational approach with the OKID method

Sadik S Erzurumlu, Yaman O Erzurumlu, YongKi Yoon.

Technovation, 114 (102552), 16, (2022), 10.1016/j.technovation.2022.102552

Quadruple Wavelet Coherence and Pairwise Cointegration: Comparative Time-Frequency Analysis of Bank Deposit Rate

Alper Kirik, Tunc Oygur, Yaman Erzurumlu.

Journal of Economic Studies, 50 (2), 147-172, (2022), https://doi.org/10.1108/JES-04-2021-0188

Qualitative and Quantitative Patent Valuation Methods: A Systematic Literature Review

Nil G Kalip, Yaman O Erzurumlu, Nur A Gun.

World Patent Information, 69 (102111), 13, (2022), 10.1016/j.wpi.2022.102111

Effects of Economic Policy Uncertainty on Energy Demand: Evidence from 72 Countries

Yaman Erzurumlu, Giray Gozgor.

Journal of Chinese Economic and Business Studies, 20 (1), 23-38, (2021), 10.1080/14765284.2021.2009999

Private Pension Fund Flow, Performance and Cost Relationship Under Frequent Regulatory Change

Yaman Erzurumlu, Idris Ucardag.

Journal of Financial Regulation and Compliance, 29 (2), 218-234, (2021), 10.1108/JFRC-03-2020-0028

The Impact of Bank's Internal Governance Mechanism on Operational Loss: Evidence from Turkey

Yaman Erzurumlu, Gurcan Avci.

Iranian Economic Review, 25 (4), 603-622, (2021), 10.22059/IER.2020.76096

Written Case with Instructional Material

Finalaw: Fintech Platform Disrupting Real Estate Industry

Yaman Erzurumlu, Sadik Sinan Erzurumlu.

Harvard Business Review, 11, (2025)

Presentations

Dynamic Modelling of Shocks to Credit Spread Risk in Banking Book

Yaman Omer Erzurumlu, Alper Kirik, Tunc Oygur.

51st EBES Conference, Rome, Italy, April 11, 2025

Integrating Political and Geopolitical Risks into ESG Practices: The Missing Link in Risk Analysis

Yaman Erzurumlu, Giray Gozgor, Chi Keung M Lau, Alan Soliman, Melis Turkkan.

7th Ethical Finance and Sustainability Conference, Leeds, UK, May 15, 2024

Economic Policy Uncertainty and Corporate Esg Performance

Yaman Erzurumlu, Giray Gozgor, Melis Turkkan.

Engineering and Technology Management Summit 2023, Istanbul, Turkiye, October 19, 2023