<title>Abstract</title> The purpose of the paper is to identify common attributable factors causing credit risks to domestic and international SMEs of an emerging market in Turkey. We call domestic firms as the ones only making local sales and international firms as the ones also making sales abroad. Therefore...

In this paper we estimate creditworthiness of small and medium-sized enterprises (SMEs) that receive financial and non-financial incentives from the small business development administration (KOSGEB) in Turkey. Assessing creditworthiness of SMEs to qualify for government support remains a...

This study highlights the corporate governance potential of debt maturity structure for Turkish firms through investigating its association with ownership and control structure. We model leverage and debt maturity as jointly endogenous under simultaneous equations framework. Firstly, we find...

The aim of this paper is to demonstrate the firm specific factors that lead to business failure concerning the gasoline distribution sector. Therefore we conduct our analyses on 1,016 gasoline filling stations for the year 2005. In the following year, we also obtain the data of closed down...

This study investigates the consumer credit risk characteristics of Turkish households by analyzing factors related to their income and expense differentials. This study assumes that the income and expense patterns are the key elements of consumer credit risk. Based on a data set ranging from...

This paper attempts to analyze the impact of board structure attributes on their accounting and stock market performance. Our analyses are built on an emerging market, Turkey for the period between 1995 and 2006. We conduct our analyses through binary logistic methodology. Our findings show...

Previous research on IPOs has identified several factors or issue characteristics that play a role in the level of short term underpricing of initial public offerings. Some of those issue features are the firm size, market trend, size of the offer, investment banker reputation, method of...

Ülkemizde yapilan cesitli calismalarda, gelismekte olan benzer borsalarda oldugu gibi Istanbul Menkul Kiymetler Borsasi(IMKB) 'ýnda da Pazar etkinliginin oldukca az oldugu belirlenmistir. Bu calismada Ýstanbul Menkul Kiymetler Borsasi 'nda pazar etkinligine uymayan durumlarin (anomaliler)...

This paper investigates the effect of the variation in the interest rates on consumer credit. The interest rate plays the central role in the regressin model as the main independent variable affecting consumer credit demand. The relationship between consumer credit and Istanbul Stock Exchange...

In this study, long term relationship and causality relationship between electricity consumption and gross domestic product in Turkey for the period 1975-2006 were investigated. As a result of the co-integration analysis made firstly in this study, the long term relationship between the...