Department of Accounting and Finance

Professor Dr. Kiymet Tunca Caliyurt, CPA, CFE,

graduated from Beşiktaş Atatürk High School (BAAL) in 1986 and from Marmara University, Faculty of Business Administration in 1990.

In 1994, she received her master's degree from Marmara University, Social Institute, Accounting, and Finance Program. Her thesis title is "Accounting System in IATA Tourism Agencies" Supervisor: Prof.Dr.Osman Altuğ.
In 2002, she graduated from Marmara University, Social Institute, Accounting, and Finance Program with the thesis "Cost Accounting System in Sunflower Oil Industry" under supervision Prof.Dr.Osman Altuğ. In 2007, she became an associate professor in the field of Accounting and Finance.

She has worked as an auditor in Horwath Auditing Company, a manager in McDonald's, ground handling and finance staff in Havaş Ground Handling Company and Singapore Airlines. After vast experience in the private sector, he has started to work in academia. In 2004, she studied and worked with Prof. David Crowther in London Metropolitan University on Corporate Social Responsibility in Accounting. She is holding CFE, CPE and external auditor titles. she has acted as manager in Havsa Vocational College, Social Graduate School, and head, Business Administration Department. 
Her research interests are in accounting, auditing, fraud, social responsibility, corporate governance, finance, and business ethics, with a special interest in aviation management, NGOs, women rights in business. She has been as visiting researcher in Massachusetts University Amherst Business School, Molson School of Business Management in Montreal Canada, University of National World and Economy in Sofia. She is the founder of the International Group on Governance, Fraud, Ethics and Social Responsibility(IGonGFE&SR) which was founded in 2009. In 2009, she also founded the International Women and Business Group. Both groups organize conferences in different countries in a different school. Prof Caliyurt has published papers, book chapters, and books both nationally and internationally on fraud, social responsibility, ethics, fraud examination, accounting, auditing in Springer and Routledge. 
She is book series editor in Springer with the title Accounting, Finance, Sustainability, Governance & Fraud: Theory and Application, and book series editor in Routledge with the title Women and Sustainable Business. Some book titles: 
Emerging Fraud (with Sam Idowu), 
Corporate Governance: An International Perspective (with Sam Idowu), 
Women and Sustainability in Business: A Global Perspective, 
Sustainability and Management: An International Perspective (with Ulku Yuksel), 
Globalization and Social Responsibility (with David Crowther), 
Regulations and Applications of Ethics in Business Practice (with Dr. Jiang Bian), 
Ethics and Sustainability in Accounting and Finance, Volume I. 
She is acting as member in the editorial board in Journal of Financial Crime, Social Responsibility Journal, International Journal of Law and Management,  Journal of Money Laundering Control. Her articles have been published in Managerial Auditing Journal, SSCI and Social Responsibility Journal, ESCI. Prof Caliyurt is a regular speaker at International Economic Crime Symposium at Jesus College, Cambridge University. She is a partner of Herme Consulting in Trakya University Technopark.
Prof. Batuhan Güvemli graduated from the Faculty of Economics and Administrative Sciences in Işık University of Fevziye Schools Foundations in 2002. He completed his master’s and PhD education in Accounting and Finance at the Institute of Social Sciences of Marmara University in 2004 and 2008 respectively.  During the period of 2002 - 2008, he worked as an independent auditor at a private CPA company in Istanbul.  

Since 2008, he has been working on the teaching staff in the Accounting and Finance Branch of the Business Administration Department of the Faculty of Economics and Administrative Sciences, Trakya University.

Dr. Güvemli has been attending World Congresses of Accounting Historians and World Congresses of Accountants since 2000. He worked at the organization committees of several international accounting, auditing and accounting history congresses and conferences.

He co-authored varios books ranging from accounting history to financial statements analysis which were published by the governing accountancy bodies like the Public Oversight Accounting and Auditing Standards Authority (KGK), Istanbul Chamber of Certified Public Accountants. and Turkish Court of Accounts.  
In addition to his curricular commitments to Trakya University, he became the partner of a software company titled Bsmart LLC, specializing in creating risk management software programs for SMEs.

He has published several papers and articles on financial reporting and accounting history. He is one of the founders of the Association of Accounting and Financial History Researchers (MUFTAV) in Istanbul. He is also associate editor of the Journal of Accounting and Finance (MUFAD) and a member of Academy of Accounting Historians (AAH), USA.


Dept. of Accounting and Finance, Trakya University, Edirne, 22030 Republic of Turkey. 


    Trakya University, Edirne, Turkey.

     Professor of Finance,                                                                                May 2019 - Present


     Marmara University                                                                                   Istanbul, Turkey

     Ph.D., Accounting and Finance                                                                         January 2009

  • Dissertation: “Fixed income securities portfolio optimization and an application”

     Trakya University                                                                                        Edirne, Turkey

     Masters, Accounting and Finance                                                                           May 2005

  • Dissertation: “Options pricing via genetic algorithm application”

     Istanbul University (AACSB Accredited)                                               Istanbul, Turkey

     B.A., Business Administration, concentrating on Finance                                       June 2001


  •  “Effect of Persistence on Emotional Biases and BDNF Val66Met Polymorphism in Financial Investment Decisions in Twins” with Sezen Gungor (Namık Kemal University, Turkey) and Korkut Ulucan (Marmara University, Turkey). Article manuscript in progress, submitted for publication in 2019.




    Visiting Scholar, The University of Sydney                                                                2015-2016



Financial Markets and Capital Markets, Graduate Degree, Trakya University           2010-Present 

Financial Institutions and Markets, Undergraduate, Trakya University                     2010-Present

Investment Project Preparation Techniques, Undergraduate, Trakya University   2010-Present

Investment Management, Undergraduate, Graduate Degree, Trakya Univ.                       2010-Present

International Auditing Institutions and Practices, Graduate Degree, Trakya Univ.   2010-Present

Portfolio Management in Money and Capital Markets Ph.D., Trakya Univ.             2010-Present

Introduction to Accounting, Undergraduate Degree, Beykent University                  2012-2013

Financial Management, Graduate Degree, Beykent University                                  2012-2013

Finance Management, Executive MBA, Bahcesehir University                                 2013-2014




  • Ph.D. Dissertation Advisor, Trakya Univ., (Sezen Güngör, Ph.D., Sonat Bayram, Ph.D. Luan Vardari, Ph.D)
  • Graduate Thesis Advisor, Trakya University, Beykent University and Bahcesehir University.
  • Undergraduate Thesis Advisor, Trakya University.



  • “Currency, Global Trade and Block-Chain Technology.” Opening Ceremony Presentation, XVI. European Conference on Social and Behavioral Sciences, Prizren, May 2018.



  • Engin Demirel Passive Income Methods, Amazon Kindle Publishing, USA, December 2018, Paperback version ISBN: 978-1792673528, Kindle version ASIN: B07MNNTG5S.
  • Sezen Güngör, Engin Demirel, Investor Bias in Behavioral Finance, Alfa Publishing, Istanbul, 2018, ISBN: 978-6051718996.
  • Engin Demirel, Portfolio Management and Option Agreements in International Financial Markets, Paradigma Publishing, Istanbul, 2011, ISBN: 978-605-5863-52-4.
  • Engin Demirel, Financial Market Analysis and Portfolio Management, Paradigma Publishing, Istanbul, 2012, ISBN: 978-605-4613-04-5.
  • Sudi Apak, Engin Demirel, Financial Management, Capital Markets, Volume 1, Papatya Publishing, Istanbul, 2009. ISBN: 978-2605-4220-02-1.
  • Sudi Apak, Engin Demirel, Financial Management, Financial Analysis and Investment Management, Volume 2, Papatya Publishing, Istanbul, 2010. ISBN: 978-605-4220-03-8.



  • Engin Demirel, Seda Karagöz Zeren, Developing Smart Contracts for Financial Payments as Innovation on Handbook of Research on Managerial Thinking in Global Business Economics Book, Chapter 6, p 96-114, IGI Global, USA, 2019.  
  • Sezen Güngör, Engin Demirel, Nihan Tomris Küçün, Personality and Emotional Biases on Behavioral Finance and Decision-Making Models Book, Chapter 8, p 139-161, IGI Global, USA, 2019.  
  • Engin Demirel, Sibel Yılmaz Türkmen, Global Strategies in Banking and Finance, Chapter 27: Currency and Interest Rate Effect on Financial Ratios: Technology Case on ISE, IGI global: USA, DOI:10.4018/978-1-4666-4635-3, ISBN13:9781466646353, (2013).
  • Ulker-Demirel Elif, Demirel Engin,"Green Marketing and Stakeholder Perceptions". Handbook of Research on Waste Management Techniques for Sustainability, IGI global: USA, DOI: 10.4018/978-1-4666-9723-2.ch004, (2016)




  • Engin Demirel, İlknur Eskin, “Relation Between Environmental Impact and Financial Structure of Cement Industry”, International Journal of Energy Economics and Policy, Vol 7, No 1, 2017. p. 129-134.
  • Metin Atmaca, Engin Demirel, “Economic Impact on Financial Ratios of Food Industry at Istanbul Stock Exchange Listed Firms”, International Journal of Economics and Financial Issues, Vol 7, No 3, 2017. p. 537-541.
  • Engin Demirel, Pınar Avcı, Ahmet Atakişi, “The Effect of 2008 Global Financial Crisis on Financial Ratios in Turkish Banking Sector”, International Research Journal of Finance and Economics, Issue 128, December 2014. p. 56-64.
  • Engin Demirel, Ahmet Atakişi, Seda Abacıoğlu, “Bankacılık Faaliyet Oranlarının Panel Veri Analizi: Türkiye’deki Kamu, Özel ve Yabancı Sermayeli Bankaların Durumu”, Journal of Accounting and Finance, Vol 59, July 2013, p. 101-112. ISSN: 2146-3042.
  • Sibel Yılmaz Türkmen, Engin Demirel, “Economic Factors Affecting Financial Ratios; Real Estate Investment Trusts Case on ISE”, European Journal of Scientific Research, Volume 69, No.1, 2012, p. 42-51. ISSN 1450-216X.
  • Engin Demirel, Süleyman Gökhan Günay, “Financial Risk-Taking Behavior Comparisons between Two Different Countries Based on Demographic Factors: Turkey and Macedonia Case”, Middle Eastern Finance and Economics, Issue 10, 2011, p.111-120. ISSN: 1450-2889
  • Ahmet Atakişi, Engin Demirel, Gökhan Sönmezler, “Adam Smith’s View on Economic Crises: South See Bubble Case”, Trakya University Journal of Social Science, Volume 12, No:2, 2011, p.48-58. ISSN 1305 -7766.
  • Suleyman Gökhan Günay, Engin Demirel, “Interaction Between Demographic and Financial Behavior Factors in Terms of Investment Decision Making”, International Research Journal Finance and Economics, Issue 66, 2011, p. 147-156. ISSN 1450-2887.
  • Engin Demirel, “Financial Behavior and Demographic Factors on Mortgage Decisions”, International Research Journal Finance and Economics, Issue 74, 2011, p. 207-217. ISSN 1450-2887.
  • Engin Demirel, Ahmet Atakişi, Metin Atmaca, “Financial and Economic Factors Affecting Debt Ratio and ROE; ISE Tourism Firms Case”, European Journal of Scientific Research, Volume 61, No.3, 2011, p. 458-466. ISSN 1450-216X.




  • Demirel, Engin, Sezen Güngör, Korkut Ulucan "The Effect of Genetic in Financial Decision Making: Regret Aversion and Reward Dependence", 8th International Conference on Governance, Fraud, Ethics and Social Responsibility, Mount Allison University, Canada, July 2017.
  • Ulker-Demirel, Elif. & Demirel, Engin, "Sharing Economy and Collaborative Consumption for Economic Sustainability", 8th International Conference on Governance, Fraud, Ethics and Social Responsibility, Mount Allison University, Canada, July 2017.
  • Engin Demirel, Seda Karagöz, Public and Private Sector Health Finance Relation on Health Status Indicators of National Health Systems, 2nd International Conference of Development and Economy, Thessaloniki, Greece, June, 2016.
  • Ahmet Atakisi, Engin Demirel, Sonat Bayram, Mehmet Altuntaş, Currency Fluctuations Effect on Tourism Indicators and Economic Growth: The Case of OECD and Non-OECD Member Countries, 3rd International Congress of Tourism and Management Researches ICTMR 2016 Antalya Turkey, May, 2016.
  • Sonat Bayram, Ahmet Atakisi, Engin Demirel, Tourism Indicators Effect on the Financial Structure: Istanbul Stock Exchange Firm Analyze,3rd International Congress of Tourism and Management Researches ICTMR 2016 Antalya Turkey, May, 2016.
  • Engin Demirel, Barış Sipahi, İsmail Küçük, Turkish Commercial Codes and Their Impacts on Accounting Thinking - 1850 To 2011, 13th World Congress of Accounting Historians, Newcastle, UK, Turkish Delegation Proceedings Book, p. 429-446, 2012.
  • Engin Demirel, Ahmet Atakişi, Seda Abacioğlu Financial Ratio Analyzes on Staff Cost: ISE Banking Case, 1st International Symposium on Business, Economics and Financial Applications (ISBEFA), p.23-27, Greece, 2012.
  • Engin Demirel, Nihal Çalışkan, Econometric Analysis on Effects of Vehicle Credits on Automotive Industry in Turkey, International Conference on Value Chain Sustainability, ICOVACS, s.313-322, Valencia, Spain, 2010.
  • Engin Demirel, Sermin Senturan, The Effects of Potential Business Managers’ Risk Tolerance Level on Entrepreneurship in Emerging Markets, 2nd International Symposium on Sustainable Development ISSD, Economy and Management Vol. 1, s. 706-711, Sarajevo/ Bosna I Hercegovina, 2010.





    European Union Cross-Border International Project (International Project)

    Edirne Chamber of Certified Public Accountants and Financial Advisors                           2012-2013

    Scientific Research Unit, Trakya University                                                                                 

    Development of Smart Contracts in the Financial Payments System                                    2017-2018

    Scientific Research Unit, Trakya University, and

    Special Provincial Administration                                                                        

    Promotion of Edirne as a Cultural Tourism Destination and

    Development of Tourism Cognition. Mobile Application Development                                 2014-2015

    Scientific Research Unit, Trakya University                                                                                 

    The Impact of the Turkish Derivatives Market on Regional Development,                           2014-2015

    Scientific Research Unit, Trakya University                                                                                 

    Investigation of Balkan countries stock exchange integration                                                          2011-2012




Trakya University national and international publication performance award          2010 - 2011




American Finance Association (AFA), USA.

Association of Accounting and Finance Academicians (MUFAD), Turkey.




    Co-Head of Department of Business Administration Department,                                2015-ongoing

    Trakya University


    Head of Department of Commercial Law, Trakya University                             2017-ongoing




    Editorial Board President - Prizren Social Sciences Journal

    Executive Editor - Social Sciences, Management and Economics Journal

Prof. Dr. Süleyman Gökhan Günay was born in Izmir in 1971. He received  a scholarship from Higher Education Council in 1995 to study in a MBA program in USA after completing his bachelor degree at Dokuz Eylul University in Business Administration in 1994. He studied at Murray State University between 1996-1998 and received his MBA degree. Then he studied at Dokuz Eylul University and received an MS degree in Management and Organization. Besides, after working as a research assistant at Mustafa Kemal University between 1998-2001, Dr. Süleyman Gökhan Günay studied in Business Administration Doctoral Program and worked as a research assistant at Bogazici University between 2001-2007. After receiving his Ph.D. he started to work as member of staff at Trakya University in the Faculty Economics and Administrative Sciences, Business Administration Department, Division of Accounting and Finance in 2007. He visited University of Paris I, Pantheon for post doctoral research in 2009. He received Associate Professor title in  finance major in 2013 and he is entitled as Professor in the same major in 2019.
Dr. Süleyman Gökhan Günay is the cofounder of Bsmart Ltd., which is located at Trakya Technopark. He is also the head of Trakya University Risk Management and Sustainability Research Center. His studies are concentrated in financial management, financial behavior, corporate governance and risk Management.


 currently works as an instructor in the Department of Accounting and Financial Management at Trakya University, Faculty of Economics and Administrative Sciences, Business Management Department. After graduating from Gazi University, Faculty of Vocational Education, Department of Commerce with a degree in Accounting and Business Teaching Program, he worked as a teacher in Ministry of National Education Edirne Provincial Directorate between 1987 and 1993. In 1993, he started working as an instructor in the Department of Accounting and Financial Management at Trakya University, Faculty of Economics and Administrative Sciences, Business Management Department. He received his master's degree from Trakya University, Social Sciences Institute in 1997.

He is responsible for teaching undergraduate courses at Trakya University.



RES. ASSIST. DR. EMİNE SERAP KURT graduated from Private Darüşşafaka High School in 1999. She graduated from Trakya University, Faculty of Economics and Administrative Sciences, Department of Business Administration in 2004 with a BA in Business Administration from the same university. After studying in Trakya University Faculty of Economics and Administrative Sciences, Department of Business Administration Accounting and Finance between 2005-2008, she assigned to do doctorate education at Marmara University in 2008. In 2016, she get Accounting-Finance doctorate degree by the thesis named “Integrated Reporting and Its Applicability in Turkey” at Marmara University. She has been working since 2016 at Trakya University, Faculty of Economics and Administrative Sciences, Department of Business Administration, Accounting and Finance. Research areas include integrated reporting, corporate reporting, corporate governance, internal control, accounting of derivatives etc. is necessary.

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