Eurasian Business and Economics Perspectives - Proceedings of the 39th Eurasia Business and Economics Society Conference

EBES conferences have been an intellectual hub for academic discussion in economics, finance, and business fields and provide network opportunities for participants to make long-lasting academic cooperation. This is the 26th volume of the Eurasian Studies in Business and Economics (EBES's official proceeding series), which includes selected papers from the 39th EBES Conference which took place in 2022 in Rome. The conference was organized with the support of the Istanbul Economic Research Association in hybrid mode with both online and in-person presentations at the Faculty of Economics, Sapienza University of Rome in Rome, Italy. At the conference, 205 papers by 436 colleagues from 49 countries were presented. Both theoretical and empirical papers in this volume cover diverse areas of business, economics, and finance from many different regions. 


Ender Demir is an Associate Professor of Finance at the Department of Business Administration, School of Social Sciences, Reykjavik University (Iceland). Dr. Demir is the founder and conference coordinator of the Eurasia Business and Economics Society (EBES). He serves as the Associate Editor of the Eurasian Business Review (Springer), and as a Subject Editor of the Journal of Multinational Financial Management. He has published his research in peer-reviewed international journals such as the Annals of Tourism Research, Emerging Markets Review, Finance Research Letters, and Journal of International Financial Markets, Institutions and Money. His research interests are in corporate finance, cryptocurrencies, financial economics, and tourism economics.

Mehmet Huseyin Bilgin is a Professor at Istanbul Medeniyet University (Turkey). He has also held visiting faculty positions at Indiana University in Indianapolis (USA), Jacksonville University (USA), Zagreb University (Croatia), and Nanyang Technological University (Singapore). Prof. Bilgin has published many articles in reputable international journals. Among other several editorial duties, he serves as the Subject Editor in Journal of International Financial Markets, Institutions & Money and as the Associate Editor in Singapore Economic Review. He is the founder and current Chairman of the Istanbul Economic Research Association, and the founder and current Vice President of the Eurasia Business and Economics Society (EBES, Turkey). He has also been active as a consultant to several institutions, as a newspaper columnist, and featured in several television programs.

Hakan Danis is the Vice President of the Eurasia Business and Economics Society (EBES) and Director in the Credit Strategies Group at the Mitsubishi UFJ Financial Group (MUFG) (USA). He has previously worked at the Spanish multinational global bank Banco Bilbao Vizcaya Argentaria (BBVA) in the USA as economist. He is one of the founders and first President of the EBES. He has published articles in many leading economics and finance journals and currently serves as the Managing Editor of Eurasian Economic Review (Springer). He served as the guest editor at the Emerging Markets Finance & Trade and Singapore Economic Review, and has published several academic books. His current research and teaching interests include monetary policy, nonlinear applied time series, risk management in financial institutions, and macroeconomics.

Fabrizio D'Ascenzo is full professor of Production Management and Business Information Systems in the Faculty of Economics of Sapienza University of Rome and he is the Dean of the Faculty. He is the coordinator of the Master course in 'Economics and Communication for Management and Innovation' and Director of the post graduate course in 'European projects' of the Faculty of Economics. He is Philosophy Doctor honoris causa in the University of Economics of St. Petersburg in Russia and in the Bucharest University for Economic Studies in Romania. He is a component of the Editorial Board of the Journal 'Sustainability' from MDPI (IF 3.889) and responsible for the agreements of Sapienza with the Bucharest University for Economic Studies. He is author and co-author of more than two hundred books and papers published in Italy and abroad.