The process of full membership of Turkey to the EU which was accelerated with the confirmation of Turkey’s candidate status covers the harmonization of the Turkish capital markets with the financial markets of the EU. The competitive environment created by transition to the single currency...

This study examines the long-standing IPO puzzle in the Istanbul Stock Exchange (ISE) by using new factors affecting the performance of IPOs such as source of shares in the IPO (new issue or sale of large shareholders), allocation of shares and dispersion of investors (ownership of foreign...

This paper presents empirical evidence from the Turkish capital market by investigating the risk perception of the companies, their risk management policies and discusses the impact of derivatives on the financial stability in Turkish economy. It focuses on non-financial companies that play a...

This study examines the long-standing IPO puzzle in the Istanbul Stock Exchange (ISE) by using new factors affecting the performance of IPOs such as source of shares in the IPO (new issue or sale of large shareholders), allocation of shares and dispersion of investors (ownership of foreign...

Dividend policy behavior of corporations operating in emerging markets is significantly different from the widely accepted dividend policy behavior of corporations operating in developed markets. There has been much discussion in dividend policy, industry ranking by dividend among academicians....

Türkiye’de 2005 yılı başından itibaren faaliyet gösteren Vadeli İşlem ve Opsiyon Borsası (VOB), özellikle finansal vadeli işlem sözleşmeleri açısından iyi bir performans göstermiştir. İşlem hacminin yaklaşık yarısının gerçekleştirildiği döviz vadeli işlem...

This paper focuses on the informational efficiency of an emerging stock market of a developing country, namely Turkey and also on stock market volatility from two different, but complementary perspective. In the first part, the volatility trend and its term structure throughout the time is...

Dividend policy behavior of corporations operating in emerging markets is significantly different from the widely accepted dividend policy behavior of corporations operating in developed markets. There has been much discussion in dividend policy, industry ranking by dividend among academicians....