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General Secretary

Assoc. Prof. Dr. Asil AZİMLİ

Faculty of Economics and Administrative Sciences/Accounting and Finance
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E-mail:
aazimli@ciu.edu.tr
Phone No:
+90 392 671 11 11
Extension:
2011
Office:
RO207
Eastern Mediterranean University

Information Techonology (Undergraduate , 2011)

Eastern Mediterranean University

Business Administration (Master , 2013)

Dokuz Eylul University

Accounting and Finance (PhD , 2018)

    Articles published in peer reviewed international journals (SCI,SSCI,Arts and Humanities)
  • Shakourloo, A., & Azimli, A. (2026). Regime-switching in bitcoin volatility under global uncertainty: Markov-switching GARCH and hidden Markov Copula approaches. Research in International Business and Finance, 103295. - 2026
  • Shakourloo, A., & Azimli, A. (2026). Lead-Lag Dynamics and Nonlinear Spillover between Bitcoin and Global Macro Variables: A Copula-Based Granger Causality–VAR Framework. Research in International Business and Finance, 103568. https://doi.org/10.1016/j.ribaf.2026.103568 - 2026
  • Anabtawi, A., & Azimli, A. (2026). ESG Performance, ESG Controversies, and Firm Performance: Evidence From Western Europe. Sage Open, 16(3). https://doi.org/10.1177/21582440261476338 - 2026
  • Azimli, A., & Kalmaz, D. B. (2025). The impact of Russia’s Geopolitical Risk on stock markets’ high-moment risk. Economic Systems, 101242. - 2025
  • Alfughi, M. A. A., & Azimli, A. (2025). The Impact of Geopolitical Risk on the Connectedness Dynamics Among Sovereign Bonds. Mathematics, 13(15), 2379. - 2025
  • Azimli, A. (2025). The impact of TV-based policy uncertainty on dynamic connectedness among different asset classes. Borsa Istanbul Review. - 2025
  • Amer, A. M. M., Azimli, A., & Adedokun, M. W. (2025). Earnings Management and IFRS Adoption Influence on Corporate Sustainability Performance: The Moderating Roles of Institutional Ownership and Board Independence. Sustainability, 17(17), 7981. - 2025
  • Shakourloo, A., & Azimli, A. (2025). The US Dollar volatility’s spillover and competitive effects on Bitcoin return dynamics and mining behaviour. Applied Economics, 1-20. - 2025
  • Anabtawi, A., & Azimli, A. (2025). ESG performance and firm value: The moderating roles of ESG controversies and gender diversity in Western Europe. Investment Analysts Journal, 1-20. - 2025
  • Azimli, A., & Cek, K. (2024). Can sustainability performance mitigate the negative effect of policy uncertainty on the firm valuation?. Sustainability Accounting, Management and Policy Journal. - 2024
  • Özkan, O., Azimli, A., & Adebayo, T. S. (2024). The impact of conventional energy markets on connectedness dynamics among eco-friendly assets. Investment Analysts Journal, 1-22. - 2024
  • Azimli, A. (2024). Time-varying spillovers in high-order moments among cryptocurrencies. Financial Innovation, 10(1), 1-39. - 2024
  • Azimli, A. (2023). The impact of climate policy uncertainty on firm value: Does corporate social responsibility engagement matter? Finance Research Letter, 51, 103456 - 2023
  • Mandaci, P. E., Azimli, A., & Mandaci, N. (2023). The impact of geopolitical risks on connectedness among natural resource commodities: A quantile vector autoregressive approach. Resources Policy, 85, 103957. - 2023
  • Azimli, A. (2023). The impact of IFRS mandate and institutional governance on underpricing and aftermarket performance of IPO shares in Turkey. Financial Innovation, 9(1), 121. - 2023
  • Amer, A. M. M., Azimli, A., & Adedokun, M. W. (2024). Can IFRS adoption mitigate earnings management in an emerging market?. Heliyon, 10(19). - 2023
  • Azimli, A. (2022), Degree and structure of return dependence among commodities, energy stocks and international equity markets during the post-COVID-19 period. Resources Policy. 77, 102679. DOI: https://doi.org/10.1016/j.resourpol.2022.102679 - 2022
  • Azimli, A. (2022), The impact of policy, political and economic uncertainty on corporate capital investment in the emerging markets of Eastern Europe and Turkey. Economic Systems. 100974 - 2022
  • Youssefi, I., Celik, T., & Azimli, A. (2022). Financial feasibility analysis for different retrofit strategies on an institutional building. Sustainable Energy Technologies and Assessments, 52, 102342. - 2022
  • Mustafa, M., Azimli, A., & Sabir, A. (2022). The Role of Resource Consumption Accounting in Achieving Competitive Prices and Sustainable Profitability. Energies, 15(11), 4155. - 2022
  • Azimli, A. (2022), Economic policy uncertainty and industry portfolio returns in the United States. Investment Analysts Journal. 108-126, 51(2) - 2022
  • Azimli, A. (2020), The oil price risk and global stock returns, Energy, 198, 1-9. DOI: https://doi.org/10.1016/j.energy.2020.117320 - 2020
  • Azimli, A. (2020), Pricing the common stocks in an emerging capital market: Comparison of the factor models, Borsa Istanbul Review, 20 (4), 334-346. doi.org/10.1016/j.bir.2020.05.002 - 2020
  • Azimli, A. (2020), The impact of COVID-19 on the degree of dependence and structure of risk-return relationship: A quantile regression approach, Finance Research Letters, 101648. https://doi.org/10.​1016/​j.​frl.​2020.​101648 - 2020
  • Azimli, A. (2022), Oil price risk and the cross-section of stock returns in Turkey. International Journal of Finance and Economics. 1-18. https://doi.org/10.1002/ijfe.2361 - 2020
  • Azimli, A. (2019), Pricing the accrual effect in an emerging market, Economic Research-Ekonomska Istraživanja, 32(1), 2180-2194. DOI: 10.1080/1331677X.2019.1645715). - 2019
    • Articles published in other peer reviewed international journals
  • Shakourloo, A., & Azimli, A. (2026). The impact of currency fluctuations on Bitcoin mining profitability and return volatility: a non-linear approach. Journal of Economics and Finance, 50(1). https://doi.org/10.1007/s12197-026-09763-z - 2026
  • Azimli, A. (2025). Drivers of market responses to the Silicon Valley Bank’s failure. Financial Markets and Portfolio Management, 1-26. - 2025
  • Shakourloo, A., & Azimli, A. (2025). The role of greenwashing scandals on investors’ herding behavior. Journal of Economics and Finance, 1-35. - 2025
  • Azimli, A. (2024). Is gold a safe haven for the US dollar during extreme conditions?. International Economics, 177, 100478. - 2024
  • Arkol, O., & Azimli, A. (2024). Pricing the common stocks in emerging markets: The role of economic policy uncertainty. Modern Finance, 2(1), 31-50. - 2024
  • Azimli, A. (2022), Economic policy uncertainty, COVID-19 and industry returns. Economics and Business Letters, 11(3), 107-117 - 2022
    • Articles published in National journals
  • Azimli, A., and Evrim Mandacı, P. (2017). Corporate investment and expected stock returns. Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi, 18 (2), 299-315. DOI: 10.24889/ifede.346673 - 2018
    • Books and books chapters published internationally
  • Azimli, A., & Shakourloo, A. (2023, October). Behavioral Black Swan Investment Strategy and Global Stock Market Contagion Dynamics. In International Conference on Banking and Finance Perspectives (pp. 149-180). Cham: Springer Nature Switzerland. - 2023
  • Joof, F., Azimli, A. (2022). Impact of Political Uncertainties on the Dividend Policies of Nonfinancial Firms in Turkey. In: Özataç, N., Gökmenoğlu, K.K., Rustamov, B. (eds) New Dynamics in Banking and Finance. Springer Proceedings in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-030-93725-6_4 - 2022
  • Azimli, A. and Mandacı, P.E. (2017). Examining the relationship between the stock returns and earnings measures – Evidence from Borsa Istanbul. In: Özataç, N., Gökmenoglu, K. (eds) New Challenges in Banking and Finance. Springer Proceedings in Business and Economics (pp. 65-76). Springer, Cham. - 2017
  • Asset pricing
  • modern portfolio theory
  • market efficiency
  • capital markets research in accounting
  • Accounting information and financial markets
  • valuation of new issues
    Master Thesis Supervised

  • The nexus between electricity consumption, economic growth and environmental pollution: Evidence from Nigeria (Yerima Sati) - 2019

  • Factors influencing corporate capital structure decisions in Chinese firms (Solin Amedi) - 2020

  • The impact of firm size and profitability on audit fee: Evidence from Amman Stock Market (Abdelaziz Ibnian) - 2020

  • The determinants of the performance of the financial sector: Evidence from an emerging market (Arieba Srieka) - 2020

  • The effect of mergers and acquisitions on bank efficiency and profitability in Switzerland (Maimuna Krubally) - 2021

  • An evaluation of the impact of liquidity risk management on commercial banks financial performance: A case study of Sierra Leone and Kenya commercial banks (Joseph Kanu) - 2021

  • An assessment of healthcare service failure and service recovery: The COVID-19 period and the impact and the impact on customer repurchase intentions (Loveline Ngum) - 2021

  • The impact of commercial bank credit on growth of small and medium sized enterprises in Camaroon (Christabel Ajenai) - 2021

  • Interaction between stock returns, gold returns, and oil returns: The case of Morocco (Oussama Elqorachy) - 2021

  • The impact of performance audit and accountability in the public sector: A case study from Sierra Leone (Mohamed Mansaray) - 2021

  • The effect of corporate governance principles and practice on the performance of commercial banks in Nigeria (Elizabeth Bamidele) - 2021

  • Analysis of the profitability of commercial banks in Saudi Arabia (Muna Nagash) - 2021

  • The pass-through effect of global crude oil prices and exchange rate into inflation consumer price index for all items in Nigeria (Toritseweju Mene). - 2021

  • A research on the impact of fiancial innovation on agriculture in Turkey (Amin Mosaferi) - 2021

  • Effect of internal audit function on financial performance of commercial banks in Nigeria (Eniola Ajayi) - 2021

  • The effect of extra payment on motivation of health personnel in private health institutions in Cameroon (Lydia Nkongho) - 2021

  • Fear of COVID-19, psychological distress, job satisfaction and turnover intentions among frontline healthcare workers (Alberto Vuglose) - 2021

  • The impactof corporate governance on firm value: A case study of the banking sector in the UK (Chyavan Abdullah) - 2021

  • Working capital management in small and medium sized businesses: Evidence from Sierra Leon (Unisa Koroma) - 2022

  • The impact of economic policy uncertainty on foreign direct investments in Nigeria (Divina Ashieya) - 2022

  • The impact of knowledge management on organizational performance: Evidence from Nigerian banking sector (Adams Oyedokun) - 2022

  • The effect of financial inclusion on the profitability of small and medium-sized enterprises in Cameroon (Vernie Forchu) - 2022

  • The role of credit insurance in managing the risk of credit in commercial banks (Shanae Jebrouni) - 2023

  • Analysis of the effect of working capital management on the profitability of manufacturing firms ın Sierra Leone (Abdul S. Karama)) - 2023

  • The use of corporate social responsibility as a tool to improve the performance of automotive industries in Europe (Roberto N. Mokom) - 2023

  • The impact of tax compliance on the fınancıal performance of SMEs (Nelly Kavira) - 2023

  • The impact of IFRS on earnings management in Nigeria (Ilevbare David Samuel) - 2023

  • The impact of economic uncertainty on corporate investment in Africa (Toyin Oyewande) - 2023

  • The impact of behavioral bıases on cryptocurrency investment decisions: Evidence from the TRNC (Ahemed Rizvanoglu) - 2023

  • The capital structure of Nigeria's real estate companies and financial performance (Bobby Osawe) - 2024

  • The impact of Geopolitical risk on capital structure. (Barthe K. Kiwele) - 2024

  • Cybersecurity in the Banking Industry (Ahmed M. Algurno) - 2024

  • Inference of Credit Risk Management on Bank Performance: Evidence from Nigeria Banks.(Victor Ailenmoagbon) - 2023

  • Performance of socially responsible investment in developed countries (with D. Ngankama)) - 2025

  • Analysis of the dynamic relationship between capital structure and firm performance in the Nigerian goods sector (with H. B. Ndipisiri)) - 2025

    • Doctorate Thesis Supervised

  • The Role of Resource Consumption Accounting in Achieving Competitive Prices and Profitability (A. Mewlood) - 2022

  • Challenges encountered in the Implementation of Enterprise Resource Planning ERP in infrastructure contracting companies emphasis on business processes integration (Majed Fatfat) - 2024

  • Can IFRS adoption mitigate earnings management in an emerging market? (with A.M. Amer)) - 2025

  • Macro-financial Spillovers, Mining Profitability, and Regime-dependent Volatility in Bitcoin Markets (A. Shakourloo) - 2026

  • ESG performance and firm value: The moderating roles of ESG controversies and gender diversity in Western Europe (A. Anabtawi) - 2026

  • The Impact of Geopolitical Risk on the Connectedness Dynamics Among Sovereign Bonds (M. Alfughi) - 2026

Faculty Coordinator

2020 - 2022

ECTS committee member

2021 - 2022

Faculty quality board member

2021 - 2023

CARBET - member of board

2021 - 2023

Coordinator for Accreditation and University Ranking

2023 - Ongoing

Head of the Accounting and Finance Department

2023 - 2024

General Secretary

2024 - Ongoing