Dr. Orcun Kaya

Personal profile

Position at the ZHAW

Senior Lecturer/Project Manager for Corporate Finance

Educational background

Ph.D. in Economics, Goethe University Frankfurt, 2007-2012
(summa cum laude, Dissertation:Essays on Household Finance and Sovereign Debt)
M.Sc. in Financial Mathematics, METU and University of Copenhagen, 2005-2007

Professional milestones

Economist (Vice President) Deutsche Bank Research, 2017-2020
Economist Deutsche Bank Research, 2012-2016
Program Manager of the Masters Program in Money and Finance, 2010-2012, Goethe University Frankfurt
Research Assistant, Goethe University Frankfurt 2008-2010
Guest Researcher, Deutsche Bundesbank 2010-2012

Projects

• Neue Generation Nowcasting und Forecasting Solvency Indices für Schweizer KMU / Project leader / Project ongoing
• Enabling investment analysis in the Swiss Para-Banking Sector / Project co-leader / Project ongoing
• Tech4SDG – Guiding Swiss Asset Managers towards High-Impact SMEs / Deputy project leader / Project completed
• Nowcasting SME Insolvency Risk / Project leader / Project completed
• Analyst Indexing Platform Service / Project co-leader / Project completed
• Zero Carbon Footprint / ESG for the Asset Management Industry / Project leader / Project completed
• Feeder Structure for the Swiss Social Exchange / Project co-leader / Project completed

Publications

• 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.

• 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/suer-policy-brief/15165/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

1) Is perceived financial inadequacy persistent?,Review of Income and Wealth, 2014, Vol. 60, pp. 636-654
2) Impacts of the Financial Crisis on Eurozone Sovereign CDS Spreads,(with Yalin Gunduz) Journal of International Money and Finance, 2014, Vol. 49, pp. 425-442
3) OTC Derivatives Markets Regulation and Commodity Derivatives, Oxford Energy Forum, 2015, Issue 103, pp.13-16
4) The Role of Bank Lending Tightening on Corporate Bond Issuance in the Eurozone,(with Lulu Wang), Quarterly Review of Economics and Finance, 2016, vol 60, pp.1-11, Lead Article
5) SME Financing and Securitization: Firm-level Evidence from the Euro Area, (with Oliver Masetti), Economic Inquiry, 2019, 7, vol 1, pp. 391-409

go back