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A S. Cebenoyan

Professor of Finance


PHD, 1986, New York Univ (NYU); MPHIL, 1982, New York Univ (NYU); MA, 1978, Bogazici Univ; BA, 1976, Bogazici Univ


Dr. Cebenoyan received his M.Phil. and Ph.D. in Finance from New York University, and his B.A. and M.A. in Economics from Bogazici University in Istanbul, Turkey.

Before coming (back) to Hofstra, Cebenoyan taught at the Stern School of Business at NYU, the University of Baltimore, Fordham University, SUNY at New Paltz, and Hofstra University. He also teaches as a visiting faculty member at ALBA ( http://www.alba.edu.gr ), in Athens, Greece in the summers. He specializes in Financial Institutions, Capital Markets, and Corporate Finance. He recently received the Dean's Research Award for 2003 at the Frank G. Zarb School of Business. His publications appeared in the Review of Economics and Statistics, Financial Management, Journal of Banking and Finance, Journal of Financial Services Research, Financial Review, Managerial Finance, Research in Banking and Finance, Multinational Finance Journal,Global Finance Journal, and the Real Estate Economics (former AREUEA journal). He has also worked as a referee for a number of finance journals. Cebenoyan's work on 'efficiencies in banking', and on 'foreign direct investment' has been cited extensively in leading academic journals in finance. Recently Dr. Cebenoyan's models that estimate the likelihood of failure for Savings and Loans have been used by expert witnesses working for the Department of Justice in litigation filed by financial institutions against the United States in U.S. Court of Federal Claims.

Currently Dr. Cebenoyan is working on a variety of research ideas related to Market discipline, Risk Management, Ownership Structure and Performance Issues, and Takeover Activities in Financial Markets and Institutions. He is an active member of various academic associations.

In 1998, at the University of Baltimore, Cebenoyan made it to the "Top Ten" faculty, and in 1997, he was awarded the "Merrick Teaching Stipend for Outstanding Contributions in Teaching". At the University of Baltimore Cebenoyan has chaired the Department of Economics and Finance from June 1993 to June 1997.

In 1996 Parris N. Glendening, Governor of the State of Maryland, appointed Cebenoyan to the State Banking Board for a term expiring in July 1, 2000.

Teaching Interests

Banking, Financial Markets, Corporate Finance

Research Interests

Banking, Financial Markets, Corporate Finance

Recent Courses Taught

Course Title Level
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