Transitory Debt: Evidence from Borsa Istanbul

Crime, Transitory Poverty, and Isolation: Evidence from Madagascar∗

This paper investigates the relationship between poverty and crime. Following a disputed presidential election, fuel supply to the highlands of Madagascar was severely curtailed in early 2002, resulting in a massive increase in poverty and transport costs. Using original survey data collected in June 2002 at the height of the crisis, we Þnd that crop theft increases with transitory poverty. We ...

Information Content of Dividends: Evidence from Istanbul Stock Exchange

This study investigates the market reaction to dividend change announcements at the Istanbul Stock Exchange. A sample of 184 announcements made by 46 companies during the period 2005 to 2008 is analyzed by using the event study methodology. The results suggest that the market reacts positively to dividend increases, negatively to dividend decreases and does not react when dividends are not chan...

Debt, Debt Structure and Corporate Performance after Unsuccessful Takeovers: Evidence from Target Firms that Remain Independent

_____________________________________________________________________________ Abstract: Significant increases in the level of target leverage have been previously documented, following unsuccessful takeover attempts. Increased leverage may signal managerial commitment to improved performance, suggesting that corporate performance and leverage should be positively related. If, however, the incre...

“Heterogeneity in the debt-growth nexus: Evidence from EMU

Debt and entrenchment: Evidence from Thailand and Indonesia

This paper examines the relation between debt and corporate governance in emerging market economies. We use …rm-level panel data of listed companies from Thailand and Indonesia to analyze the …rm’s corporate …nancing behaviors in connection with its corporate governance arrangements. Our results show that the debt structure is linked to the corporate governance. We …nd that weaker corporate gov...