Doç. Dr. EFE ÇAĞLAR ÇAĞLI

Efe Ç. Çağlı is an Associate Professor of Finance in the Department of Business Administration at Dokuz Eylül University (DEU), İzmir, where he has been on the faculty since 2016. He teaches a broad portfolio of undergraduate and graduate courses—including Investment Analysis, Managerial Finance, Financial Derivatives and Risk Management, and Applied Financial Econometrics—integrating theoretical foundations with hands‑on data analysis in Python, R, and MATLAB. As the CFA Coordinator for the department, he oversees CFA affiliation processes and scholarship allocations, and as Deputy Head of Department, he contributes to strategic planning and curriculum development .

Dr. Çağlı completed his PhD in Finance (English) at DEU in June 2014, with a dissertation titled “Forecasting the Equity Risk Premium with Macroeconomic and Technical Indicators: International Evidence,” under the supervision of Prof. Pınar Evrim Mandaci. He previously earned an MSF in Finance (2010) with a thesis on volatility forecasting in the Istanbul Stock Exchange, and a BA in Econometrics (2008), all from DEU. His early work on regime‑shifts in futures and spot markets, and on bubble detection in international stock markets, laid the groundwork for his subsequent investigations into market efficiency and dynamic connectedness .

A prolific researcher, Dr. Çağlı has published over 40 journal articles in high‑impact outlets. Highlights include:

• Energy Economics (2019): “The short‑ and long‑run efficiency of energy, precious metals, and base metals markets,” examining nonlinear autoregressive models to detect market inefficiencies.

• Finance Research Letters (2023): “The volatility connectedness between agricultural commodity and agri businesses,” employing a time‑varying extended joint approach to map risk transmission.

• Resources Policy (2023): “The volatility spillover between battery metals and future mobility stocks,” using frequency‑domain connectedness metrics to inform investment strategies.

• Emerging Markets Review (2023): “Time and frequency connectedness of uncertainties in cryptocurrency, stock, currency, energy, and precious metals markets,” which integrates macroeconomic uncertainty indices into network analyses.

• Research in International Business and Finance (2025): “Do past ESG scores efficiently predict future ESG performance?,” offering new insights into the predictive power of environmental, social, and governance metrics for asset managers .

He has attracted competitive grants and awards, including a TUBITAK postdoctoral scholarship (2015–16) to conduct research at Bentley University under Dr. Jahangir Sultan, and multiple TUBITAK Scientific Publication Encouragement Awards for SCI‑indexed publications. As lead or co‑investigator, he has driven projects on investor behavior in cryptocurrency markets (TUBITAK, 2021–23), return and volatility connectedness between green and fossil energy markets (Presidency of Türkiye, 2022–23), and EU‑funded initiatives to develop accessible financial literacy curricula for the deaf community across Türkiye, Italy, Romania, and Greece (Erasmus, 2022–24). He also undertook an Erasmus research visit at the University of Hohenheim in late 2024 to study the impact of monetary tightness on energy markets .

Beyond research and teaching, Dr. Çağlı is an active peer reviewer for more than twenty journals—such as Energy Economics, Resources Policy, and Finance Research Letters—and a member of the Financial Management Association. Fluent in Turkish and English, he combines rigorous empirical methods with real‑world applications to advance understanding of market dynamics, risk management, and sustainable finance.