Bilyay-Erdogan, Seda - In: Verslas: Teorija ir praktika / Business: Theory and Practice 21 (2020) 2, pp. 723-736
This paper investigates the effect of financial flexibility on firm value, on a comparative basis between developed and emerging countries in Europe. Our dataset covers 4,334 companies from 15 developed and 1,436 companies from 6 emerging countries in Europe for the period between 2000 and 2016....