Songul Kakilli Acaravci Cukurova University   Cukurova University PK:393 Balcali Adana, Yuregir 01330 Turkey   sacaravci@hotmail.com     Biographical Sketch: Songul Kakilli Acaravci graduated from Dokuz Eylul University, Faculty of Economics and Administrative Sciences in Turkey. She received her Ph.D. thesis in Cukurova University, Social Sciences Institute. She started to work as research assistant at Mustafa Kemal University in 1997. She has been working as research assistant at Cukurova University, Faculty of Economics and Administrative Sciences since 2000.   Primary Research Focus: financial management and capital markets.   JEL Areas: G1 : General Financial Markets: General (includes Measurement and Data) G3 : Corporate Finance and Governance: General