Please send an email to mukarakaplan@yahoo.com to request the most recent versions of my research papers.

RESEARCH INTERESTS

• Finance: Banking, Financial Stability, FinTech, Corporate Finance, International Finance, Financial Markets
• Machine Learning: Financial AI and Machine Learning, Predictive Analytics, Cryptocurrencies
• Econometrics: Applied Econometrics, Statistical Methods, Modeling, Econometric Programming
• Agenda: Apply cutting-edge machine learning techniques and econometric programming to new research areas in banking and finance
  
  

RESEARCH IMPACT

• Google Scholar Citations: 701 (as of December 04, 2024)
• Google Scholar h-index: 11
• My Google Scholar Page
  
  

BOOKS

• "The Economic and Financial Impacts of the COVID-19 Crisis Around the World: Expect the Unexpected" with A. N. Berger and R. A. Roman. Elsevier. 2023
  
  

PUBLICATIONS

• "Endogenous Bank Supervision and Regulation: Long Term Implications" with O. K. Karakoyun and B. Neyaptı. Journal of Financial Stability. 2024


• "Whose bailout is it anyway? Political connections of small businesses vs. banks in PPP bailouts" with A. N. Berger and R. A. Roman. Journal of Financial Intermediation. 2023


• "GPT-3 Models are Few-Shot Financial Reasoners" with R. Salles de Padua and I. Qureshi. arXiv e-prints, arXiv: 2307.13617. 2023


• "Panel Stochastic Frontier Models with Endogeneity" Stata Journal. 2022
  [The Stata Journal’s 5-year impact factor: 5.88]


• "This Time is Really Different The Multiplier Effect of the Paycheck Protection Program (PPP) on Small Business Bank Loans" Journal of Banking & Finance. 2021


• "A Solution to Log of Dependent Variables with Negative Observations: Profit Efficiencies of the US Banks" with L. Kutlu and M. G. Tsionas. Journal of Productivity Analysis. 2020


• "A Dynamic Stochastic Frontier Model with Threshold Effect: US Bank Size and Efficiency" with P. Almanidis and L. Kutlu. Journal of Productivity Analysis. 2019


• "xtsfkk: Stata Module for Endogenous Panel Stochastic Frontier Models" Available at Boston College, Department of Economics, Statistical Software Components (SSC) S458445. 2018

xtsfkk StataList Announcements

Example Stata Datasets:
xtsfkkcost.dta
xtsfkkprod.dta
xtsfkkbank.dta


• "Estimating Market Power Using a Composed Error Model" with L. Kutlu, Scottish Journal of Political Economy. 2018


• "Consolidation Policies: Endogenous Cost Inefficiency and Saving Reversals" with L. Kutlu, Empirical Economics. 2018


• "Endogeneity in Panel Stochastic Frontier Models" with L. Kutlu, Applied Economics. 2017


• "Handling Endogeneity in Stochastic Frontier Analysis" with L. Kutlu, Economics Bulletin. 2017


• "Fitting Endogenous Stochastic Frontier Models in Stata" Stata Journal. 2017


• "sfkk: Stata Module for Endogenous Stochastic Frontier Models" Available at Boston College, Department of Economics, Statistical Software Components (SSC) S458029. 2015

sfkk StataList Announcements

Example Stata Datasets:
sfkkcost.dta
sfkkprod.dta
sfkkedu.dta


• "Market Concentration and the Scale-Efficiency Tradeoff" with T. J. Gronberg, D. W. Jansen, and L. L. Taylor, Southern Economic Journal. 2015


• "The Conditional Effects of External Debt of Inflation" Journal of Social and Economic Research, 2009


• "The Effects of Aid on Foreign Direct Investment: The Roles of Governance and Financial Market Development" Master’s Thesis, Bilkent University, 2005.


• "Aid and Foreign Direct Investment: International Evidence" with B. Neyaptı and S. Sayek-Böke, Bilkent University Discussion Papers 05-05, 2005.
  
  

WORKING PAPERS AND PAPERS UNDER REVIEW

GRANTS

• $19,113,403. Co-Investigator. External grant funded by the U.S. federal and state agencies, and private organizations. A multi-year large scale randomized control trial field experiment.
  
  Key Project Achievements:
  • Worked with government officials including the U.S. Secretary of Education.
  • Provided legislative testimony to the Senate.
    
    

AWARDS AND HONORS

• $10,000 Finance Faculty Award for Research, University of South Carolina, 2023
• Keynote Speech with co-authors at the Meeting of Heads of Financial Stability (CEMLA), 2022
• $10,000 H. Montague Osteen, Jr. Research Grant, University of South Carolina, 2022
• $10,000 Research Summer Support, University of South Carolina, 2022
  
  

Giving the Keynote Speech.

With some of the global central bank directors.