Prof. Dr. Orcun Kaya

Work at ZHAW

Position

Professor of Financial Management

Focus

Financial Management, Corporate Finance

Teaching

• Corporate Finance
• Risk Management
• Doing Business in Asia

Experience

• Senior Economist
  Deutsche Bank
  01 / 2017 - 03 / 2020
• Economist
  Deutsche Bank
  10 / 2012 - 12 / 2016
• Program Manager and Research Assistant
  Goethe University
  05 / 2008 - 10 / 2012

Education and Continuing education

Education

Ph.D. in Economics / Dissertation: Essays on Household Finance and Sovereign Debt
Goethe University Frankfurt
09 / 2007 - 12 / 2012

Network

Membership of networks

Euram

ORCID digital identifier

ORCID ID: 0000-0003-3592-5268

Projects

• Next level liquidity risk management in banking / Project leader / laufend
• Novel Metrics to measure the Contribution of Plastic-to-Oil Recycling / Team member / abgeschlossen
• Tech4SDG – Guiding Swiss Asset Managers towards High-Impact SMEs / Deputy project leader / abgeschlossen
• Nowcasting SME Insolvency Risk / Project leader / abgeschlossen
• Zero Carbon Footprint / ESG for the Asset Management Industry / Project leader / abgeschlossen
• Enabling investment analysis in the Swiss Para-Banking Sector / Co-project leader / abgeschlossen
• Analyst Indexing Platform Service / Co-project leader / abgeschlossen
• Feeder Structure for the Swiss Social Exchange / Co-project leader / abgeschlossen

Publications

• Kaya, Orcun; Demirel, Mustafa,

  2024.

  The nexus between inflation and financial integration in the euro area.

  Applied Economics Letters.

  Available from: https://doi.org/10.1080/13504851.2024.2333457

• Kaya, Orcun,

  2022.

  Determinants and consequences of SME insolvency risk during the pandemic.

  Economic Modelling.

  115(105958).

  Available from: https://doi.org/10.1016/j.econmod.2022.105958

• Kaya, Orcun; Mostowfi, Mehdi,

  2021.

  Low-volatility strategies for highly liquid cryptocurrencies.

  Finance Research Letters.

  46(102422).

  Available from: https://doi.org/10.1016/j.frl.2021.102422

• Kaya, Orcun,

  2017.

  CDS spreads in the aftermath of central clearing.

  International Journal of Financial Markets and Derivatives.

  6(2), pp. 75-101.

  Available from: https://doi.org/10.1504/IJFMD.2017.087958

• Kaya, Orcun,

  2021.

  Insolvency risk of European SMEs during pandemic [paper].

  In:

  21st EURAM Annual Conference, Montréal, Canada (online), 16-18 June 2021.

• Chardonnens, Patrick; Danko, Fabian; Streichenberg, Urs; Camenisch, Jan; Schweizer, Andreas; Kaya, Orcun,

  2023.

  KMU ZH Monitor 2023.

  Zürcher Kantonalbank.

  Available from: https://www.zkb.ch/media/zkb/dokumente/publikationen/kmu-zh-monitor-2023.pdf

• Schweizer, Andreas; Danko, Fabian; Streichenberg, Urs; Hüfner, Annika; Kaya, Orcun; Affolter, Beat; Bittel, Andreas; Camenisch, Jan,

  2022.

  KMU ZH Monitor 2022.

  Zürcher Kantonalbank.

  Available from: https://www.zkb.ch/media/zkb/dokumente/publikationen/kmu-zh-monitor-2022.pdf

• Kaya, Orcun,

  2021.

  Insolvency risk of European SMEs [poster].

  In:

  Qatar Centre for Global Banking and Finance Annual Conference 2021 : Challenges Facing Central Banks in the 2020s, Online, 17-18 May 2021.

• Kaya, Orcun,

  2021.

  Insolvency risk of European SMEs during pandemic [paper].

  In:

  37th International Conference of the French Finance Association (AFFI), online, 26-28 May 2021.

• Kaya, Orcun,

  2021.

  Insolvency risk of European SMEs during pandemic [paper].

  In:

  5th Entrepreneurial Finance (ENTFIN) Association Annual Meeting, virtual, 25-26 June 2021.

• Kaya, Orcun,

  2021.

  Insolvency risk of European SMEs during pandemic [paper].

  In:

  European Economics and Finance Society Annual Conference, online, 23-25 June 2021.

• Schweizer, Andreas; Affolter, Beat; Danko, Fabian; Hüfner, Annika; Kaya, Orcun; Streichenberg, Urs,

  2021.

  KMU ZH Monitor 2021.

  Zürcher Kantonalbank.

  Available from: https://www.zkb.ch/media/dokumente/publikationen/kmu-zh-monitor-2021.pdf

• Kaya, Orcun,

  2020.

  Financial resilience of German households to Corona triggered income shock.

  SUERF Policy Briefs.

  (17).

  Available from: https://www.suerf.org/publications/suerf-policy-notes-and-briefs/financial-resilience-of-german-households-to-corona-triggered-income-shock/

• Kaya, Orcun; Mai, Heike,

  2020.

  Cost of negative interest rates to German households.

  Deutsche Bank Research.

  Available from: https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD0000000000506314/Cost_of_negative_interest_rates_to_German_househol.pdf

• Kaya, Orcun; von Martens, Tobias,

  2020.

  German robo-advisors : march of the machines driving passive investments.

  Deutsche Bank Research.

  Available from: https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD0000000000505172/German_robo-advisors%A3_March_of_the_machines_drivin.pdf

• Kaya, Orcun,

  2020.

  Kunden- und prozessorientierte Lösungen : wo Banken bereits KI nutzen

  .

  In:

  Künstliche Intelligenz für Kreditinstitute : Anwendungsbeispiele und Methoden.

  Köln:

  Bank-Verlag.

  pp. 33-44.

• Kaya, Orcun,

  2022.

  Late payments to SMEs : a factor that affects their access to finance.

  In:

  22nd EURAM Annual Conference, Winterthur, Switzerland, 15-17 June 2022.

• Kaya, Orcun,

  2022.

  Late payments to SMEs : a factor that affects their access to finance.

  In:

  European Financial Management Association Annual Meeting, Rome, Italy, 29 June - 2 July 2022.

• Thompson, Mark James; Orpiszewski, Tomasz; Laube, Patrick; Kaya, Orcun,

  2022.

  TECH4SDG : guiding Swiss asset managers towards high-impact SMEs.

  In:

  SSF/ZHAW Novel Data Solutions: Big Data and AI for Sustainable Investing - from Biodiversity Risks to Sustainable Gold, Zurich, Switzerland, 2 November 2022.

Publications before appointment at the ZHAW

• Is perceived financial inadequacy persistent?,Review of Income and Wealth, 2014, Vol. 60, pp. 636-654
• Impacts of the Financial Crisis on Eurozone Sovereign CDS Spreads, Journal of International Money and Finance, 2014, Vol. 49, pp. 425-442
• The Role of Bank Lending Tightening on Corporate Bond Issuance in the Eurozone, Quarterly Review of Economics and Finance, 2016, vol 60, pp.1-11
• SME Financing and Securitization: Firm-level Evidence from the Euro Area, Economic Inquiry, 2019, vol 57, pp 391-409

Other publications

• Artificial intelligence in banking: A lever for profitability with limited implementation to date
• Brexit impact on investment banking in Europe
• Economic policy uncertainty in Europe: Detrimental to capital markets and bank lending
• Time to fully recognise the potential of digital start-ups
• Robo-advice – a true innovation in asset management
• Synthetic securitisation: Making a silent comeback
• Start-ups and their financing in Europe: Out of the woods with Capital Markets Union
• High-frequency trading: Reaching the limits
• Capital Markets Union: An ambitious goal, but few quick wins
• Liquidity is key for the central clearing of derivatives
• SME financing in the euro area: New solutions to an old problem
• Tight bank lending, lush bond market: New trends in European corporate bond issuance
• Reforming OTC derivatives markets: Observable changes and open issues
• Corporate bond issuance in Europe: Where do we stand and where are we heading?

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