Mine Aksu

MINE AKSU

Date: October 18, 2007
Present rank: Assistant Professor
Faculty of Management - Sabancı University
Office:                 FMAN 1021
Phone:                 (0216) 483 96 78
Fax:                     (0216) 483 96 99
E-mail:                maksu@sabanciuniv.edu

 

1. EDUCATION

1993      Ph.D.       Business Administration (Accounting), Syracuse University, USA
1982      M.S.        Accounting, Syracuse University, USA
1976      M.A.        Finance, Boğaziçi University, Turkey 
1975      B.A.       .Operations Management, Boğaziçi University, Turkey 

 

2. WORK EXPERIENCE

Academic Work Experience:

2001                Assistant Professor, FMAN, Sabancı University
1996-2001        Assistant Professor, faculty of Administrative Sciences and Economics, Koç 
...................... University
1990-1995        Assistant Professor, Fox School of Management, Temple University
1985-1988        Teaching Associate, School of Management, Syracuse University
1983-1985        Teaching Assistant, School of Management, Syracuse University
1980-1983        Graduate Assistant, School of Management, Syracuse University

Non-academic Work Experience:

1977-1979        Foreign-trade manager, medical equipment import-export, Tekimed A.S.,

Courses Taught at Sabancı University:

2005-2007        Introduction to Financial Accounting and Reporting, Undergraduate
2004-2007        Financial Accounting and Reporting, Graduate
2004-2007        Financial and Managerial Accounting, Graduate
2005                Introduction to Accounting and Finance, Undergraduate
2003-2004        Financial Accounting and Itntro. to  Managerial Accounting, Graduate
2002-2004        Financial Accounting and Financial Statement Analysis, Undergraduate

Courses Taught at Other Universities:

Koç University:

Financial Accounting, Undergraduate
Intermediate Accounting, Undergraduate
Advanced Accounting, Undergraduate
Introduction to Financial Accounting, Undergraduate
Financial Accounting, Graduate
Intermediate Accounting, Graduate

Temple University:

Principles of Accounting I, Undergraduate
Intermediate Accounting I, Undergraduate
Intermediate Accounting II, Undergraduate
Financial Accounting Theory, Graduate

Administrative Positions within University:

2007-current         Member, Participants team, AACSB accreditation application team, Sabanci 
.......................... University.
2007-current         Chair, FMAN tutoring committee, Sabancı University
2006-2007            Recruiting for the accounting department, formal recruiting and interviewing at 
.......................... the AAA’06 in Washington and and AAA’07 in Chicago, Sabancı University
2006-2007            Co-chair and chair, FMAN web committee, Sabancı University
2006-2007            Member, SU scholarship committee, Sabancı University
2006-2007            Member, SU graduation ceremony committee, Sabancı University
2005-2007            Team Member, Training Node of the European Corporate Governance Training 
.......................... Network (ECGTN), Sabanci University
2004-2007            Corporate Governance Forum (CGFT) interest group and researcher, Sabanci 
.......................... University
2004-2006            Faculty contact person and liaison, undergraduate exchange program with Cass 
.......................... Business School, London under the Socrates program, Sabanci University
2005 summer       Member, MBA interview committee, Sabanci University
2005                    Student Activities committee
2005 spring          Sports committee

Professional and Public Services outside University:

2005-2007             Country Director for Turkey, International Accounting Section, American 
........................... Accounting Association (IAS-AAA)

Reviewer

2007                    Reviewer for the Financial Reporting Section of the AAA, to be held in 
.......................... Chicago, August 8-11, 2007
2006                    Reviewer for the International Accounting Section of the AAA, annual 
...........................meeting held in Washington, August 5-8, 2006
2006                    Reviewer, for the national dissertation award of the Middle East 
.......................... Technical University, Ankara, Turkey, 2006.
2005                    Reviewer, for the Financial Reporting Section of the AAA, held in 
.......................... San Francisco, August 8-11, 2005
2004                    Reviewer, 11th annual conference of Multinational Finance Society ’04 
.......................... Conference, Istanbul , July  3-8, 2004

Organizer/Coordinator of Academic Conferences:

2004                   Local organizing committee, 11th annual conference of the Multinational Finance 
......................... Society (MFS) annual meeting, July 3-8, Istanbul. June

Session Chair/ Program Committee Member in Academic Conferences:

2007                    Session moderator  for the Financial Reporting Section of the American 
.......................... Accounting Association (AAA) , to be held in Chicago, August 8-11, 2007
2007                    Session Chair, PhD student dissertation presentations, International Accounting 
.......................... Education Conference, Istanbul Ticaret Universitesi, May 30-June 1, 2007
2007                    Session Chairperson, 30th annual Congress of the European Accounting 
.......................... Association (EAA), Lisbon, May 24-28, 2007. 
2006                    Session moderator, for the International Accounting Section of the AAA, annual 
.......................... meeting held in Washington, August 5-8, 2006
2006                    Session chair, International Accounting Section of annual meeting of the 
.......................... European Accounting Association, Dublin, March.
2005                    Session Chairperson, annual Congress of the European Accounting Association 
.......................... (EAA), 28th Gothenburg, Sweden, May 18-21, 2005.
2004                    Session Chairperson - “Turkish Session I”, 11th annual conference of MFS’04, 
.......................... Istanbul, Turkey, July 2004

Discussant

2004                    Corporate Governance in Lebanon: Evidence from Privatized Enterprises” by 
.......................... Assem Safieddine, 11th annual conference of MFS’04, Istanbul, Turkey, July 
.......................... 2004
2002                    Stock Options and Managerial Incentives to Invest” by Tom Nohel and 
.......................... Steven Todd, 11th annual meeting of the European Financial Management 
.......................... Association (EFMA), London, June 2002.
2001                    10th annual meeting of the EFMA, Lugano, Switzerland, June 2001. 
2000                    Seasonality in Agricultural Commodity Futures”, ninth annual meeting 
.......................... of the EFMA, Athens, Greece, June 2000.

Professional Affiliations:

2004-2007        Member and Director for Turkey, International Accounting Section, American 
...................... Accounting Association (IAS-AAA)
2003-2007        Member, Financial Accounting and Reporting Section, American Accounting 
...................... Association (FARS-AAA)
2000-2006        Member, European Financial Management Association (EFMA)
2004-2007        Member, European Accounting Association (EAA)
2005-2007        Member, TURMOB (Union of Chambers of Certified Public Accountants of Turkey)
2005-2007        Member, MODAV (Accounting Academicians' Collaboration Foundation of Turkey)
2004                Member, Multinational Finance Society (MFS)
2003                Global Awareness Society


3. RESEARCH

Research Interest:

- Financial distress and debt restructurings
- Stock market anomalies
- Employee stock options
- Financial reporting transparency and disclosure 
- Corporate Governance

Publications:  

Articles in Refereed Journals:

Aksu, Mine; Kösedağ, Arman (2006): Transparency and disclosure scores and their determinants in the Istanbul Stock Exchange. In: Corporate Governance: an International Review, Vol.14 (4): 277-296.

Aksu, Mine (2005): Value Relevance of Troubled debt restructurings and policy implications. In: Journal of Restructuring Finance, Vol.2 (2), p. 111-130

Chapters in Books:

Aksu, Mine (2007): Impairment of Assets: IAS 36. In: Uluslarası Muhasebe Standartları ile Uyumlu Türkiye Muhasebe Standartları ve Uygulaması, Maliye ve Hukuk Yayınları, Ankara. 

Conference Proceedings:

Aksu, Mine (2006): IMKB sirketlerinin şeffaflık ve kamuyu bilgilendirme bakımından derecelendirilmesi. In: 1st International and 7th National Conference of Accountancy in Turkey: Corporate Governance and Auditing, Conference proceedings: 20-24 April, 2005. Antalya, Turkey. 

Papers Submitted and Under Review:

Aksu, Mine (2006): Excess returns to troubled debt restructurings: the size/book-to-market effect or unexpected benefits? In: Quarterly J. of Economics and Finance.

Full text under http://ssrn.com/abstract=238515 in the SSRN Electronic Paper Collection database.

Aksu, Mine (2005):  The size and book-to-market effects and their role as risk proxies in the Istanbul Stock Exchange.  In: The European Journal of Finance, Co-author:

Türkan  Önder. Full text under http://ssrn.com/abstract=250919 in the SSRN Electronic Paper Collection database. 

Working Papers:

Aksu, Mine, Kemal Saatcioglu and Turkan Onder (2007): Auditor selection, client firm characteristics, and corporate governance: Evidence from an emerging market.

Aksu, Mine (2006): Improvement in transparency and disclosure in the ISE: Did IFRS adoption and corporate governance principles make a difference. Full text under 

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=965301 in the SSRN Electronic Paper

Collection database. 

Aksu, Mine (2005): The relationship between the transparency and disclosure scores and firm performance in the ISE: the effect of voluntary IFRS adoption

Aksu, Mine (2005): Abandonment option value versus going-concern value in debt restructuring firms. Full text under http://papers.ssrn.com/sol3/papers.cfm?abstract_id=965266 
in the SSRN Electronic Paper Collection database. 

Aksu, Mine and Steven Balsam (2004): Valuation Effects of Alternative Employee Stock Option Costs: an Analysis of the SFAS No. 123.

Research in Progress

Aksu, Mine and Arman Kosedag (2006): Stock Market Reaction to Voluntary Expensing of Employee Stock Options and the impact of transition method.

Aksu, Mine (2005): The valuation roles of income and book-value in an inflationary economy:  the effect of a drop in inflation rate and the adoption of IFRS

Aksu, Mine (2004): Economic Benefits and shareholder wealth effects in TDR firms: A review and some further evidence.

Aksu, Mine (2003): Comparison of accounting for troubled debt restructurings under the US GAAP, IFRS, and the Turkish GAAP

Aksu, Mine  and Celal Aksu (2004):  Prediction of Successful Troubled Debt Restructurings (TDR) and Excess Returns from TDR Profiles.

Dissertation/ Thesis Supervision:

PhD Disseratation: Outside member of the dissertation committee of Ayse Tansel,  Gebze Yuksek Teknoloji Universitesi, June 2007.

Publications Jury: One of the two referees in the publications jury of Dr. Ceylan Onay for her hiring as an Assistant Professor at  Bogazici University, December 2006.

Miscellaneous (Original works other than above categories):

Conference Presentations:

Aksu, Mine, Turkan Onder and Kemal Saatcioglu: Auditor selection, client firm characteristics, and corporate governance: evidence from an emerging market. In:  30th Annual Congress of the European Accounting Association (EAA) , Lisbon, Portugal, April 24-27, 2007. Also to be presented in: annual meeting of the AAA, Chicago, August 5-9, 2007.

Aksu, Mine, Assistant Professor. Abandonment option value or going concern value in debt restructuring firms. Annual Meeting of the American Accounting Association, Washington, D.C., August 5-9, 2006.

Aksu, Mine, Assistant Professor. Transparency and disclosure scores in the ISE: Did IFRS adoption and CG principles make a difference. Annual Meeting of the American Accounting Association, Washington, D.C., August 5-9, 2006.

Aksu, Mine, Assistant Professor. The improvement in the transparency and disclosure scores in the ISE and the effect of voluntary Corporate Governance principles. 10th WCAE & 3rd International Accounting Conference, Istanbul, November 2006.

Aksu, Mine, Assistant Professor. The relationship between transparency and disclosure and firm performance in the ISE: Does IFRS adoption make a difference? European Financial Management Annual Conference, Madrid, June 2006.

Aksu, Mine: The impact of voluntary International Financial Reporting Standards (IFRS) on Transparency & Disclosure scores: The case of Turkey. In: 2nd annual conference of Accounting Academicians’ Collaboration Foundation of Turkey (MODAV) , Istanbul, October 10-12, 2005 and 29th Annual Congress of the EAA, Dublin, March 21-24, 2006.

Aksu, Mine: The relationship between Transparency & Disclosure, agency costs, and performance: Evidence from the Istanbul Stock Exchange”, 28th annual Congress of the European Accounting Association (EAA), Gotheburg, Sweeden, May 18-21, 2005. Co-author: Arman Kosedag.

Aksu, Mine: Transparency & Disclosure scores: The case of the Istanbul Stock Exchange”, 1st International Conference and the 7th. National Conference of ISMMMO- Accountancy in Turkey:

Corporate Governance and Auditing, Antalya, April 20-24, 2005. Co-author: Arman Kosedag

Aksu, Mine: An analysis and value relevance of share based payments”,11th annual conference ofMultinational Finance Society held in Istanbul, Turkey, July 3-8, 2004.

Aksu, Mine: Auditor Selection in the Istanbul Stock Exchange. In:  the 27th annual Congress of the European Accounting Association (EAA) held in Prague, Czech Republic, April 1-3, 2004. Co-author: Turkan Onder.

Aksu, Mine: The role of size and book-to-market ratio as proxies for fundamentals and as determinants of returns in the Istanbul Stock Exchange, In: 12th annual conference of the Global Awareness Society International, Washington D.C. US, May 2003. Co-author: Turkan Onder   

Aksu, Mine: Economic Benefits, Informativeness and Value-Relevance of Troubled DebtRestructurings. In:  11th European Financial Management Association (EFMA) Conference, London, England, June 2002.

Aksu, Mine: An Analysis and Value-relevance of Stock Based Compensation Costs. In:  annual meeting of the American Accounting Association (AAA), Atlanta, Georgia, August 2001 and the 10th annual conference of the EFMA, Lugano, Switzerland, June 2001.  Co-author:   Steven Balsam.

Aksu, Mine: The Role of Fundamentals and Overreaction in Determining the Returns in the Istanbul Stock Exchange. In: 9th annual meeting of the EFMA, Athens, Greece, June 2000.  Co-author:  Türkan Önder.

Aksu, Mine: Economic Benefits, Informativeness and Value-Relevance of Troubled Debt Restructurings:  Some Evidence and Policy Implications.  Forum presentation paper in the annual meeeting of the AAA, Philadelphia, Pennsylvania, August 2000. 

External Relations:

Research visits at other educational institutions/ universities:

2000 summer     Visiting Scholar at Harvard University, Koç University 

4. AWARDS/ HONORS/ RESEARCH GRANTS/ FELLOWSHIP

Awards/Honors/Fellowships:

1988-1989            Syracuse University, University Graduate Fellowship, Syracuse, NY, USA
1987                    American Accounting Association, Doctoral Consortium Fellow, Cincinnati, 
.......................... Ohio, USA
1982                    Syracuse University, Beta Gamma Sigma, Syracuse, NY, USA
1981                    Syracuse University, Dr. Leon J. Galloway Scholarship Award, Syracuse, NY, 
.......................... USA
1981                    Syracuse University, Deloitte Haskins & Sells Foundation Graduate 
                           Research Assistantship Award, Syracuse, NY, USA
1981                    Syracuse University, Beta Alpha Psi, Syracuse, NY, USA
1975                    Boğaziçi University, Honors & Dean's List, Istanbul, Turkey

 

Grants:

500 YTL -  for publication in Type A journal, “International academic research incentive program”, Scientific and Technological Research Council of Turkey (TUBITAK), April 2007
450 YTL -  for publication in international journals, “Scientific Publication Incentive Program” Research and Graduate Policies,  Sabanci University, May 2007.
$3000 -  Visiting Scholar Grant, Koç University-Harvard University, 2000
New faculty researcher, Summer Research Grant, Temple University, 1992
New faculty researcher, Summer Research Grant, Temple University, 1991
Assistant researcher, Senate Research Committee Grant, Syracuse University, 1988