This study examines the dividend payout determinants of travel and leisure companies in five Western European countries that are ranked among the world's top 10 tourist destinations, namely, France, Spain, Italy, Germany, and the United Kingdom. The study analyzes the sector and carries out a...

This study specifically investigates the impact of economic policy uncertainty (EPU) on travel and leisure (TL) companies’ debt holdings policy. To the best of our knowledge, there is a momentous gap in exclusively conducting the impact of EPU on the debt holdings policy behavior of Western...

The purpose of this paper investigates the direction of causality between the monthly stock returns and the monthly net foreign investor flows, and the existence of feedback trading by foreign investors for the "blue chip" stocks of the Istanbul Stock Exchange (ISE), an emerging stock market....

This research investigates the market reaction to both quot;unsweetenedquot; (plain) and quot;sweetenedquot; (with simultaneous distribution of bonus issues) rights offerings during the announcement and subscription periods. Three hypotheses, namely the signaling, the issue price irrelevance and...

The Istanbul Stock Exchange (ISE) is an emerging capital market with its unique institutional settings. This research investigates the market reaction to both 'unsweetened' and 'sweetened' rights offerings (with simultaneous distribution of bonus shares) during the announcement and subscription...

In Eurasia, Turkey has a “crony” capitalist system with majority control and business groups (BGs) in the hands of a few families. These business groups are often organised around a holding company. We analyse the dividend payouts of family controlled Borsa Istanbul companies, which are...

The study finds that growth opportunities, cash flow, and cash flow volatility affect cash holdings positively, while and leisure (TL) sector of the United Kingdom (UK) between 2005 and 2016. The study finds that growth opportunities, cash flow, and cash flow volatility affect cash holdings...