Basel II regulations are closely related with SMEs which have credit relationship with the banks. With Basel II, there will be a risk oriented approach in the crediting process of the banks and this approach will affect interest rate, amount, type, maturity and financial collateral of the...

Good corporate governance system minimises the misconduct risks of the authority to decide about the company contribute to the fall of capital costs and therefore has a positive effect on the economic activities of the company. Moreover, it is expected that these positive results reflect on the...

When the world economies are taken into consideration, gold market maintains its function as a traditional investment place. The volatility in the gold prices can be seen as an indicator of non-stability for the market as a whole. Under such circumstances, the investors rearrange their savings...

Corporate governance forms a system in which the objectives of the firm is determined, and points out the ways to achieve these aims and how performance is to be assessed. An efficient corporate governance system both at firm-level and economy in general will provide trust, which is necessary...

This paper provides the first evidence for empirical tests of the impact of rational expectations as well as behavioral biases, including among other animal spirits such as defined by Akerlof and Shiller on the variability of trading. Using a daily data for five international capital markets in...