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Asst. Prof. Burcu Savaş Çelik's Study on Financial Development and Capital Markets Published in the Journal of Academic Sensitivities


Asst. Prof. Burcu Savaş Çelik, Assistant Director of the Sustainable Environment and Society Application and Research Center, has published her academic study on the relationship between financial development and capital markets in Türkiye in the Journal of Academic Sensitivities that indexed within the TR Dizin database.


In this study, the relationships between the IMF Financial Development Index for Türkiye and BIST 100 index prices, gross domestic product (GDP), and stock market trading volume for the period 1988–2022 are empirically analyzed. The fact that the IMF-developed financial development index examines financial markets and financial institutions in terms of depth, accessibility, and efficiency makes this study a significant contribution to the literature. Furthermore, the inclusion of trading volume, a critical indicator for capital markets, in the analysis is among the elements that make the study unique.
 
The study examines the long-term relationships between the variables using the ARDL bounds test approach. According to the analysis results, GDP and trading volume have a positive and statistically significant effect on the financial development index, while a negative but statistically insignificant relationship was found between the BIST 100 opening prices and the financial development index.
 
This study presents important findings regarding the development of Turkish capital markets and the financial deepening process, and serves as a guide for policymakers and market actors.
 
We congratulate our esteemed professor and wish him continued success in his academic work.
 

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Asst. Prof. Burcu Savaş Çelik's Study on Financial Development and Capital Markets Published in the Journal of Academic Sensitivities

Asst. Prof. Burcu Savaş Çelik, Assistant Director of the Sustainable Environment and Society Application and Research Center, has published her academic study on the relationship between financial development and capital markets in Türkiye in the Journal of Academic Sensitivities that indexed within the TR Dizin database.

23 January 2026 Friday
Sustainability and Energy in 2026 to be Discussed on Agro-Economy

The Agro-Economy program, broadcast on AGRO TV, will host an important guest on Wednesday, January 7th. Assoc. Prof. Başak Özarslan, Director of the Sustainable Environment and Society Application and Research Center at Istanbul Gelişim University, will evaluate the developments expected to stand out in the fields of sustainability and energy in 2026.

06 January 2026 Tuesday
IGU Sustainable Environment and Society Research and Application Center Director Assoc. Prof. Başak Özarslan Attends ÇEVKO Green Point Award Ceremony

Assoc. Prof. Başak Özarslan, Director of the Istanbul Gelisim University Sustainable Environment and Society Research and Application Center, represented our university at the 2025 ÇEVKO Foundation Green Point Award Ceremony held last week.

10 December 2025 Wednesday
TEDx Istanbul Gelisim University - Ideas on Sustainability Shared with the Theme "Think. Sustain. Inspire"

Istanbul Gelisim University's Center for Sustainable Environment and Society brought together students, academics, and community stakeholders at the TEDx Istanbul Gelisim University event held on November 22, 2025. The event's theme was "Sustainability" and its slogan was "Think. Sustain. Inspire," focusing on sharing knowledge and experience within the framework of sustainable future perspectives.

01 December 2025 Monday
The Relationship Between US Monetary Policy Uncertainty and the Chinese Stock Market Was Discussed at the 3rd International Yeditepe Congress

Asst. Prof. Burcu Savaş Çelik, Assistant Director of the Center for Sustainable Environment and Society Applications and Research at Istanbul Gelişim University, presented her full-text paper titled "The Relationship Between the Chinese Stock Market and US Monetary Policy Uncertainty" at the Yeditepe University International Congress held on October 12, 2025.

06 November 2025 Thursday
The Relationship Between Renewable Energy and Sustainable Growth: An Analysis of Türkiye and Azerbaijan in the International Arena

Istanbul Gelişim University (IGU) continues to expand the global impact of its academic work. Asst. Prof. Burcu SAVAŞ ÇELİK and Asst. Prof. Tuğba KANTARCI, Assistant Directors of the Center for Sustainable Environment and Society Practices and Research, presented a significant scientific study at the INTERNATIONAL CONGRESS OF RECYCLING ECONOMY & SUSTAINABILITY POLICY-III, held in Azerbaijan on October 2-3, 2025.

05 November 2025 Wednesday
Reducing the Carbon Footprint on Campus: Breathing into the Future, Written by Our Student

Prepared by: Seyit Erol Kesbiç – Department of International Trade and Business

05 November 2025 Wednesday
Our Center Director, Assoc. Prof. Başak Özarslan Doğan, Delivered the Opening Address at the International Congress Held in Azerbaijan

Assoc. Prof. Başak Özarslan Doğan, Director of the Sustainable Environment and Society Application and Research Center, was invited to deliver the opening speech at the International Congress of Recycling Economy & Sustainability Policy – ​​III, held in Baku and Mingəçevir, Azerbaijan, on October 2-3, 2025.

05 November 2025 Wednesday
Assoc. Prof. Başak Özarslan Doğan Represented Our University at the International Zero Waste Forum

Istanbul Gelişim University participated in the International Zero Waste Forum held in Istanbul from October 17–19, 2025. Assoc. Prof. Başak Özarslan Doğan, Director of the Sustainable Environment and Society Application and Research Center, represented our university at the event.

27 October 2025 Monday
Our Center Director, Assoc. Prof. Başak Özarslan Doğan, Spoke at the "Green Energy" Event

Assoc. Prof. Başak Özarslan Doğan, Director of the Sustainable Environment and Society Application and Research Center, spoke at an online event organized on August 15, 2025, as part of the EcoHeroes and EcoYouthLabs projects, supported by the Embassy of France and the British Council.

22 October 2025 Wednesday