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We develop a model of investment with financial constraints and use it to investigate the relation between investment … between q and investment, relative to the frictionless benchmark. We present a calibrated version of the model, which, due to … this effect, generates realistic correlations between investment, q, and cash flow …
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This report aims to provide an assessment of Turkey's corporate governance regime and practices with a view to identify key issues and obstacles to investments and growth. We will focus on two aspects of CG framework in Turkey; (i) legal and regulatory protection offered to outside investors...
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