Finance professors earn Best Paper Award at international business conference

Finance profs
From left: Surya Chelikani, Thomas Coe and Osman Kilic.

Oct. 31, 2013 - Three finance professors from the School of Business earned the Best Paper Award at the Academy of International Business Northeast Chapter's annual conference held in Hartford Oct. 10-12.

Surya Chelikani, of Hamden, assistant professor of finance, Thomas Coe, of Meriden, associate professor and chair of finance, and Osman Kilic, of North Haven, professor of finance, co-authored the award winning paper, "Financial Crisis and Contagion: The Effects of the 2008 Financial Crisis on the Turkish Financial Sector." The paper has also been accepted for publication in the "International Journal of Applied Economics."

"The paper intends to provide further evidence of the widespread nature of the impact caused by the 2008 U.S. financial crisis," Coe said. "In this study, we found that the Turkish banking and insurance industries were significantly affected by cross-border contagion stemming from the 2008 financial crisis.  Other Turkish financial services industries, including mutual funds, real estate and leasing, remained largely unaffected. A potential reason for this is that the banking and insurance industries are dominated, either directly or indirectly, by international firms."

Chelikani, a member of the Quinnipiac faculty since 2009, earned his doctorate in finance at Oklahoma State University and his MBA at the University of Central Oklahoma. He also holds a bachelor's degree in mechanical engineering from Andhra University.

Coe, a Quinnipiac faculty member since 1999, holds a doctorate in financial economics and master's degree in economics from the University of New Orleans. He also holds a MBA from John Carroll University and a bachelor's degree in business administration from the University of Akron.

Kilic, a faculty member since 1997, received his doctorate in finance at the University of New Orleans and a MBA from the University of South Alabama. He also holds a bachelor's degree in marine engineering from Istanbul Tech. 

Kilic also is director of the University's Alternative Investment Institute, which aims to expand investors' knowledge and understanding of alternative investments, provide finance faculty with opportunities for research and interaction with the investment world and bring cutting-edge knowledge into the School of Business' undergraduate and graduate classes.