Choice of Financing in a Borrowing-Constrained Economy and Long-Term Profitability Effects

Date

2017-12-20

Author

Danışoğlu, Seza
Güner, Zehra Nuray

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This paper examines the long - run stock performance of equity issuers in a borrowing - constrained emerging economy and documents no negative abnormal stock performance when there are severe borrowing constraints . This result is robust t o the inclusion of several risk factors and firm characteristics as control variables in the regressions . Findings of this study might have important implications for other emerging markets and international investors taking positions in these markets.

URI

https://hdl.handle.net/11511/74788
https://silo.tips/download/choice-of-financing-in-a-borrowing-constrained-economy-and-long-term-profitabili
https://scholar.google.com.tr/citations?user=ihA_ptgAAAAJ&hl=en

Conference Name

Paris Financial Management Conference (08 - 20 Aralık2017)

Collections

Department of Business Administration, Conference / Seminar

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Citation Formats

S. Danışoğlu and Z. N. Güner, “Choice of Financing in a Borrowing-Constrained Economy and Long-Term Profitability Effects,” Paris, Fransa, 2017, p. 1, Accessed: 00, 2021. [Online]. Available: https://hdl.handle.net/11511/74788.