As a developing and multi-side interested topic, corporate governance of state-owned enterprises takes attention of both academicians and practitioners at national and international level. Turkish state-owned enterprises (SOEs), historically played important roles in Turkish economy, operate in...

A joint hypothesis of the strategic debt theory is that leverage decisions are the extensions of output market strategies and that debt, in return, has consequences for industry competition. It is, however, highly controversial as to how these consequences depend on the maturity structure; the...