Literature suggests that initial public offering (IPO) underpricing is related to information asymmetry, signals conveyed by the issuers, intention of the issuers to raise additional funds through seasoned offerings, existence of agency costs between executives and shareholders, the bankers’...

We study 2009 Turkish local elections to examine whether the economic condition was an important factor for the election results. We find that the economic crisis adversely affected Justice and Development Party (AKP) votes in Region 3, which consists of some Southeastern and Eastern provinces,...