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Ayse Yuce

Dr. Ayse Yüce

Professor
DepartmentFinance
EducationBS, MBA, PhD
OfficeTRS 3-068
Phone416-979-5000 ext: 557189

Overview

Professor Yuce teaches and does research on investments and international finance.  Her expertise is on emerging markets, foreign direct investment decisions of corporations, listing decisions of previously state-owned companies in China and India. She also investigates cross-border mergers and acquisitions.

Investments, International Finance

Papers
Ali Chaudhry and Ayşe Yüce, “Effects of Canadian Exchange Rate Volatility on Imports and Exports”, International Journal of Economics and Management Sciences, 8-2, 2019, 1-8.
Begumhan Ozdincer, Ayşe Yüce, “Stakeholder Returns of Islamic Banks versus Conventional Banks”, Emerging Markets Finance and Trade, 54-14, 2018, 3330-3350.
Yeana Choi and Ayṣe Yüce, “Korean Company Foreign Direct Investment Projects”,The Journal of Asian Finance, Economics and Business 3-1, 2016, 5-15
Ayşe Yüce, “Mergers and Acquisitions by Emerging Country Multinational Companies”,Asian Economic and Financial Review, 2016, 416-424
Ayṣe Yüce and Mauricio Zelaya, “Foreign Direct Investment Decisions of Multinational Companies”, Journal of Global Business and Technology 10-1, 2014, 23-46 
Ayṣe Yüce and Mauricio Zelaya, “Foreign Direct Investment Decisions into China and India”, Asian Economic and Financial Review 4-3, 2014, 300-316
Sergiy Rakhmayil and Ayṣe Yüce, “Executive Qualifications and Firm Value”, Journal of Applied Business and Economics 14-5, 2013, 52-71
Sergiy Rakhmayil and Ayṣe Yüce, “Nafta Effect on Company Values and Performance”, International Business and Economics Research Journal 11-42012, 407-420
Shanila Taneem and Ayṣe Yüce, "Information Content of Dividend Announcements: An Investigation of the Indian Stock Market", International Business and Economics Research Journal 10-5, 2011, 49-58 
Zheng Xiong Chen and Ayṣe Yüce, “Optimal Investment for Institutional Investors Under Value-At-Risk(VAR) Constraint in Chinese Stock Markets”, Accounting and Taxation 3-12011, 15-32   
Ayṣe Yüce and Sergiy Rakhmayil,  “Internationalization and Profitability of U.S.Multinational Companies after the Free Trade Agreement”, International Business and Economics Research Journal 9-122010, 49-76 
Sergiy Rakhmayil and Ayṣe Yüce, “Financial and Operating Performance of European Firms and Introduction of Euro" Contemporary Issues of Economic and Financial Integration, 2009, 337-355.  
Alex Ng, Ayṣe Yüce and Eason Chen, “State Equity Ownership and Firm Performance: China’s Newly Privatized Firms”, Pacific Basin Journal of Finance 17, 2009, 413-433.
Sergiy Rakhmayil and Ayṣe Yüce, “Do CEO Qualifications Affect Capital Structure”, Journal of Applied Business and Economics, 9(2), 2008, 76-85.
Jelena Radzic and Ayṣe Yüce, “Banking Development in the Former Yugoslavian Republics”, International Business and Economics Research Journal, 7-9, September 2008, 35-49.
Sergiy Rakhmayil and Ayṣe Yüce, “Effect of Manager Qualification on Firm Value”, Journal of Business and Economics Research 6-7, July 2008, 129-138.
Jodie Wan and Ayṣe Yüce, “Listing Regulations in China and Their Effect on the Performance of IPOs and SOEs”, Research in International Business and Finance 21-3, September 2007, 366-278.  
Alex Ng, Ayṣe Yüce, “Risk and Returns in Mergers and Acquisitions: Efficient or Agent Motivations”, Journal of International Finance and Economics 4, 2006, 102-116  
Ayṣe Yüce and Margaret Yap, “Gender Effect on Investment Preferences and Risk Aversion”, Global Business and Economics Anthology 1, 2006, 126-136.
Ayṣe Yüce and Alex Ng, “Effects of Private and Public Canadian Mergers”, Canadian Journal of Administrative Sciences 22-2, June 2005, 111-125.  
Ayṣe Yüce, “Islamic Financial Houses in Turkey”, Journal of Academy of Business and Economics, 1-1, 2003, 153-157.  
Can Simga Mugan and Ayṣe Yüce “Privatization in Emerging Markets”, Emerging Markets Finance and Trade, Volume 39-5, September-October 2003, 83-98.
Ayṣe Yüce and Bulent Karaagac, “Dividend Policy and its Effect on the Value of the Turkish Firms”, Journal of Global Competitiveness 11 (1), 2003, 1-15.  
Ayṣe Yüce and Can Simga Mugan, “The Linkages among the Eastern European Stock Markets and the Major Stock Exchanges”, Russian and East European Finance and Trade 36-6, November-December 2000, 54-70.
Ayṣe Yüce, Zeynep Onder and Can Simga Mugan “Small Investor Behavior in Turkish Stock Market”, Hacettepe University College of Business Journal, 17-3, 202-223, 1999.
Robert-Jan Gerrits and Ayṣe Yüce, "Short and Long Term Links among European and US Stock Markets", Applied Financial Economics 9, 1- 11, February 1999.
Ayṣe Yüce and Can Sigma Mugan "Temporal Relationships among Gold Coins, Stock Market and Foreign Currencies in Turkey ", Bogazici Journal: Review of Social, Economic and Administrative Studies 12-2, 1998, 119-131.         
Ayṣe Yüce, “Effects of Liberalization Measures on Turkish Stock Prices”, IMKB Journal, 1-15, Autumn 1997.
Ayṣe Yüce, "Statistical Properties of the Turkish Stock Prices", Research in Middle East Economics 2, 79-100, 1997.
Ayṣe Yüce, “Dysynergy Effect of Voluntary Spinoffs", METU Studies and Development, 24, 139-147, January 1997.
Ayṣe Yüce, "Lead and Lag Relationships among the developed stock exchanges ", Turkish Treasury Journal, 73-89, January 1997.
Ayṣe Yüce, "Diversification and portfolio formation in the Istanbul Stock exchange" Hacettepe University College of Business Journal, 14-2, 139-159, 1996.
Can Simga Mugan and Ayṣe Yüce, "An Investigation of the Short and Long Term Relationships between Turkish Financial Markets", The European Journal of Finance 2, 305-317, 1996.  
Books
Scott B. Smart, Chad J. Zutter, Vijay K. Vishwakarma and Ayṣe Yüce “ Fundamentals of Investing”, Canadian Edition, Pearson Education, 2021.
Bradford D. Jordan, Thomas Miller, Steven D. Dolvin and  Ayṣe Yüce “Fundamentals of Investments,  Valuation and Management”, Third Canadian Edition, McGraw Hill and Ryerson, 2012.
Bradford D. Jordan, Thomas Miller and Ayṣe Yüce “Fundamentals of Investments, Valuation and Management”, Second Canadian Edition, McGraw Hill and Ryerson, 2009.
Charles Corrado, Bradford D. Jordan, Ayṣe Yüce “Fundamentals of Investments, Valuation and Management”, First Canadian Edition, McGraw Hill and Ryerson, 2005.  
Ayṣe Yüce, "An Examination of an Emerging Stock Exchange: The Case ofTurkish Stock Market", Capital Markets Board 391996.
Book Chapters
Sergiy Rakhmayil, and Ayṣe Yüce,. “Financial and operating performance of European firms and introduction of the Euro”, Contemporary Issues of Economic and Financial Integration: A Collection of Empirical Work, ATINER, 2009, pp. 337-354.
Ayṣe Yüce and Can Sigma Mugan, "Cointegration Analysis of Official and Free Market Exchange Rates in an Emerging Market: The Turkish Case", Emerging Capital Markets: Financial and Investment Issues85-97Quorum Books, 1998 
Proceedings
Ayṣe Yüce and Mauricio Zelaya, "Effects of Foreign Direct Investment by Multinational Companies on Company Performance", 2011 International Business and Economics European Academic Conference, 235-253.
Olivia Miloj and Ayṣe Yüce, "Maturity Effect of Oil Futures", 2011 ASAC Proceedings, 56-70.
Shanila Taneem and Ayṣe Yüce, " Information Content of Dividend Announcements: An Investigation of the Indian Stock Market", 10th International Business Research Conference Proceedings, 1-23.
Jelena Radzic and Ayṣe Yüce, “Banking Development in the Former Republics of Yugoslavia”, International Applied Business Research Conference 2007 Proceedings.
Alex Ng, Ayṣe Yüce and Eason Chen, “State Equity Ownership and Firm Performance: China’s Newly Privatized Firms”, Academy of International Business 2006 Conference Proceedings, 90.
Alex Ng and Ayṣe Yüce, “Risk and Returns in Mergers and Acquisitions: Efficient or Agent Motivations”, ASAC 2006 Proceedings, 179-195.
Wesley Ollson and Ayṣe Yüce, “Active Management of Currency Volatility with Emerging Market Portfolios”, ASAC 2005 Proceedings.
Ayṣe Yüce, “Islamic Investing and Islamic Financial Institutions in Turkey”, Emerging Financial Markets and Services Asia-Pacific Conference 2004, 37-47.
Ayṣe Yüce and Alex Ng, “Wealth Creation in the Recent Merger Boom: The Canadian Experience”, The International Business and Economics Research Conference, Las Vegas, USA, 29-34.
Ljiljana Viducic and Ayṣe Yuce, "Privatization and Liberalization in Turkey and Crotia", 40th Congress of the European Regional Science Proceedings, Barcelona, Spain, 210-212.
Ayṣe Yüce and Can Simga Mugan "Long Term Relationships among the EasternEuropean Stock Exchanges", 38th Annual Conference on European Regional Sciences Proceedings,Vienna, Austria, 153-155.
Ayṣe Yüce and Can Simga Mugan, "The Analysis of the accounting dissertations between 1990-1995 and suggestions " XV.  Accounting Education Symposium Proceedings 173-191, 13-1.
Grants
2013 Ayṣe Yüce “Outward foreign direct investment and acquisition decisions of the  emerging country multinational companies, Ryerson University Internal Grant, $5,000.
2008 “Effects of Foreign Direct Investment by Multinational Companieson Company Performance and on Country Economic Growth” , SSHRC Grant, $128,000.