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Choice of financing in a borrowing-constrained economy and long-term return performance
Date
2016-07-01
Author
Danışoğlu, Seza
Güner, Zehra Nuray
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URI
https://hdl.handle.net/11511/88389
Conference Name
International Conference on Emerging Market Economies, (29 Haziran - 01 Temmuz 2016)
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Unverified, Conference / Seminar
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Choice of Financing in a Borrowing-Constrained Economy and Long-Term Profitability Effects
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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 ta...
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S. Danışoğlu and Z. N. Güner, “Choice of financing in a borrowing-constrained economy and long-term return performance,” presented at the International Conference on Emerging Market Economies, (29 Haziran - 01 Temmuz 2016), Porto, Portekiz, 2016, Accessed: 00, 2021. [Online]. Available: https://hdl.handle.net/11511/88389.