Purpose: The purpose of this paper is to empirically analyse the propensity to pay dividends and investigate whether the catering theory is valid in an emerging market. Design/methodology/approach: The sample of this study comprises listed firms on the stock market of Turkey, Borsa Istanbul,...

This study investigates CEO turnover and corporate performance relationship as a measure of the effectiveness of a corporate governance system. The impact of different financial accounting regimes on the turnover/performance relationship is also analyzed. If systems replace poorly performing...

Even though numerous studies have been conducted to shed light on the relationship between stock prices and macroeconomic variables, there still remains unsettled controversy concerning this issue. Consequently, this paper aims to deal with this outstanding issue by actually investigating the...