08-002-D_levent_akdenizLevent Akdeniz 
Associate Professor
akdeniz@bilkent.edu.trHomePage


Academic Specialization: Finance, Macroeconomics
Research interests: Asset Pricing, Computational Economics, Numerical Methods

Graduated from The University of Houston in 1996. He joined to the Faculty of Business Administration in the same year. He teaches microeconomics,macroeconomics, money and banking and corporate finance.

Selected Publications :

Arısoy, E.,Salih, A. and Akdeniz, L. (2015). Aggregate Volatility Expectations and Threshold CAPM. North American Journal of Economics and Finance, 34, 231-253.

Yayvak, B., Salih, A. and Akdeniz L. (2015). Do Time Varying Betas Help in Asset Pricing? Evidence From Borsa İstanbul. Emerging Markets Finance and Trade, 51, 747-756.

Kiessling, T.,  M.Harvey, and Akdeniz L. (2014). The Evolving Role of Supply Chain Managers in Global Channels of Distribution and Logistics Systems. International Journal of Physical Distribution & Logistics Management,  44(8-9), 671-688 .

Kozan, K. and Akdeniz, L., (2014). Role of Strong versus Weak Networks in Small Business Growth in an Emerging Economy. Administrative Sciences, 4(1), 35-50.

Umutlu, M., Akdeniz, L. and Salih, A. (2013). Foreign Equity Trading and Stock-Return Volatility at the Aggregate Level?. The World Economy , 36(9).

Akdeniz, L. and Dechert, W.D. (2012). The Equity Premium in Consumption and Production Models. Macroeconomic Dynamics, 16(1), 139-148.

Yuksel, A., L. Akdenız and Salih,A. (2010). On the Performance of West’s Bubble Test: A Simulation Approach. Applied Mathematics and Computation , 217(7), 3236-3247.

Umutlu, M., Akdeniz L., and Salih, A. (2010). The degree of financial liberalization and aggregated stock-return volatility in emerging markets. Journal of Banking and Finance, 34(3),509-521.

 Umutlu, M., Salih, A. and Akdeniz L. (2010). Do ADR Listings Affect the Dynamics of Volatility in Emerging Markets?. Czech Journal of Economics and Finance, 60, 122-137.

Gunana T., Salih, A. and Akdeniz, L. (2009). An Empirical Note on The Relationship Between Defense Spending and Inflation in Turkey. International Journal of Emerging and Transition Economies, 2(1).

Akdeniz, L., Salih A. and Ok T., (2007). Are Stock Prices Too Volatile to be Justified by the Dividend Discount Model?. Physica A: Statistical Mechanics and Its Applications, 376, 433-444.

Y. E. Arisoy, Salih, A. and Akdeniz L. Is Volatility Risk Priced in the Securities Market? Evidence from S&P 500 Index Options. Journal of Futures Market,27(7), 617-642.

Akdeniz, L., and Aydogan, K. Interdependence of the Banking Sector and the Real Sector: Evidence from OECD Countries. Applied Economics.

Akdeniz, L., and Dechert, W. D.( 2007). The Equity Premium in Brock’s Asset Pricing Model. Journal of Economic Dynamics and Control, 31, 2263-2292.

Akdeniz, L., Salih, A., and Caner, M., (2003). Time Variying Betas Help in Asset Pricing: The Threshold CAPM. Studies in Nonlinear Dynamics and Econometrics, 6(1),  1-16.

L.Akdeniz and Aydogan K.,( 2002). Measurement of Financial Intermediation Service in National Accounts of Turkey in The new Developments in National Accounts, Edited By. Tuncer Bulutay, Ankara.

Ungan, E., Salih, A. and Akdeniz L., (2002). Investment Horizon and Diversification in ISE. İşletme ve Finans,  213, 102-114.

Akdeniz, L.,  Salih, A., and Aydoğan, K., (2000). Cross Section of Expected Stock Returns in ISE. Russian and East European Finance and Trade, 36(5), 6-26.

Akdeniz, L., (2000), Risk and Return in a Dynamic General Equilibrium Model. Journal of Economic Dynamics and Control, 24(6), 1079-1096.

Akdeniz, L., and Dechert, W. D., (1997). Do CAPM Results Hold in a Dynamic Economy? A numerical Analysis. Journal of Economic Dynamics and Control, 21(6), 981-1004.