Purpose - The purpose of this paper is to examine socially responsible investment (SRI) fund performance and investigate the factors influencing fund performance. Design/methodology/approach - The study uses return data from the Morningstar database for 152 SRI funds from January 1995 to May...

Purpose - The purpose of this paper is to examine the performance of US mutual funds that invest primarily in emerging market equities and bonds. Design/methodology/approach - The study adopts the Morningstar classification of mutual funds and uses the Lipper US Mutual Fund Database through...

The literature on working capital management (WCM) provides mixed evidence on the effect of working capital on firm profitability and performance. We use firms from developed and emerging economies to explore how working capital and its components relate to firms' performance while controlling...

This study reports how country risk and macroeconomic conditions influence the wealth gains of U.S. financial firms involved in international mergers and takeovers. The findings suggest that U.S. financials experience weakly significant wealth gains around announcement date. The wealth gains are...

This study provides insights about the motives for mergers and acquisitions (Mamp;As) as well as divestitures and the practices used to value targets during 1990-2001. The survey evidence shows that the primary motivation for Mamp;As is to achieve operating synergies while the top-ranked reason...

This study examines the impact of diversifying acquisitions on acquiring Turkish firms. Using a sample of 98 acquisitions during 2000-2011, the study finds that acquiring firms experience statistically significant wealth gains surrounding the announcement date. The cross-sectional regression...

This paper identifies the risks associated with investing in the Turkish stock market. We find that Turkish firms are more volatile than firms in countries that have recently joined the EU (our control group) and that the excess volatility is significantly associated with higher financial and...

This study provides evidence from an early direct test of the Financial Accounting Standards Board (FASB) 142 policy statement regarding investor market reaction to corporate goodwill impairment announcements. Under new rules, the amortization of goodwill is replaced with a two-step procedure to...

This study empirically analyses the long-run performances of Turkish industrial IPOs and the factors influencing these performances. The sample consists of 88 firms listed and traded on the Istanbul Stock Exchange during the period of 1990 - 1995. The event study methodology is employed to...

This study investigates the financial self-assessments and households' well-being using a national survey of 2,567 households in Turkey. We use Maslow's hierarchy of needs framework through households' views for their ability to meet current living expenses in the short-term as well as their...