Purpose: This paper aims to investigate the impact of oil price shocks on the Turkish sovereign yield curve factors. Design/methodology/approach: To extract the latent factors (level, slope and curvature) of the Turkish sovereign yield curve, we estimate conventional Nelson and Siegel (1987)...

Purpose – This paper aims to empirically examine the financing of small and medium sized enterprises (SMEs) through a financial growth lifecycle model. Design/methodology/approach – Data in publicly available databases are generally unsuitable to examine the financial lifecycle model, thus a...

Purpose – The purpose of this paper is to review the reasons for the increased pace of restructuring of Indian industry in response to increasing market efficiencies and declining transactions costs in India. Design/methodology/approach – This paper uses theory of transactions cost economics...

Purpose – The purpose of this paper is to present the three critical changes needed to reform the US health care system – these changes will drive cascades of other beneficial changes. These three changes include the use of transparent market prices, alignment of incentives and systematic...

Based on fifteen years of data on the annual Academy of International Business (AIB) best dissertation Farmer Award finalists, we find that these dissertations were done at a range of North American universities. Interestingly, dissertation topics differed from the topics covered in the three...

This paper reports the results of an empirical study of the determinants of capital structure of large Latin American companies. Variations with regard to the country, industry, and size of a company are examined for a sample of two hundred and thirty large companies located in twentytwo Latin...

So far, the overall performance track record for corporate mergers and acquisitions has not been very encouraging. Both the academic and trade literature report that on average the gains to stockholders of acquiring companies tend to be small or non‐ existent.

Justifying new manufacturing technology is usually very difficult since the most important benefits are often strategic and difficult to quantify. Traditional capital budgeting procedures that rely on return measures based on direct cost savings and incremental future cash flows do not normally...