Capital structure and debt maturity in Europe: the role of integration and FDI

Author(s):

Gulnur Muradoglu

Topic:
Finance

We investigate capital structures and debt maturities of firms in Europe. Europe is different from the rest of the world as major European economies have bank-based financial systems and European emerging markets are integrating with them through accession.

Updated: 22/09/2011
Comments:
Views: 5,177

Capital structure and debt maturity in Europe: the role of integration and FDI

Author(s):

Gulnur Muradoglu

Topic:
Finance

We investigate capital structures and debt maturities of firms in Europe. Europe is different from the rest of the world as major European economies have bank-based financial systems and European emerging markets are integrating with them through accession.

Updated: 22/09/2011
Comments:
Views: 5,177

The impact of SEC litigation on firm value

Author(s):

Gulnur Muradoglu

Topic:
Finance
Industry:
Banking

This paper examines the effect of the announcement of the Securities and Exchange Commission's (SEC) legal enforcement actions. The results indicate that SEC lawsuits have a negative effect on share price.

Updated: 22/09/2011
Comments:
Views: 4,120

The UK crisis of 2008: what is real and what is behavioural?

Author(s):

Gulnur Muradoglu

Topic:
Finance
Industry:
Banking

This paper is about the crisis of 2008 in the UK. I first discuss the triggers of the crisis in the UK, then go over the immediate reactions to it in the form of short term policies and conclude with a discussion of long term policies.

Updated: 25/12/2014
Comments: 7
Views: 4,614

Leverage and common risk factors in stock returns

Author(s):

Gulnur Muradoglu

Topic:
Finance
Industry:
Banking

Leverage is an important risk factor which has been ignored in the asset pricing literature. This paper attempts to broaden the focus of the current asset pricing literature by forming portfolios mimicking the leverage factor.

Updated: 22/09/2011
Comments:
Views: 4,736

Using Firm Level Leverage as an Investment Strategy

Author(s):

Gulnur Muradoglu

Topic:
Finance
Industry:
Banking

Investing in low leverage firms yields abnormal returns of 4.43 percent per annum. If an investor holds a portfolio of low leverage and low market to book ratio firms abnormal returns increase to 16.18 percent per annum.

Updated: 22/09/2011
Comments:
Views: 3,642

An empirical test on leverage and stock returns

Author(s):

Gulnur Muradoglu

Topic:
Finance
Industry:
Banking

This is an empirical study that investigates the effect of firm's leverage on stock returns. We start with the explicit valuation model of Modigliani and Miller (1958) and expand the model further to test the relation between stock returns and firms' leverage.

Updated: 22/09/2011
Comments:
Views: 6,119

Can common components eliminate momentum returns?

Author(s):

Gulnur Muradoglu

Topic:
Finance
Industry:
Banking

This paper investigates the presence of momentum return when priced for common components. Using a sample period from 1926 through 2005 for all stocks listed in the NYSE, AMEX and NASDAQ we show significant momentum return remains both at the portfolio level and at the individual stock level.

Updated: 22/09/2011
Comments:
Views: 4,129

IPO flipping and its determinants in Bangladesh

Author(s):

Sirajum Munira

Topic:
Finance
Industry:
Banking

In this paper, we attempt to determine the degree of IPO flipping and to investigate the factors that explain IPO flipping in Bangladesh.

Updated: 29/09/2011
Comments:
Views: 3,681