All Outputs (23)

Does ADR Listing Affect the Dynamics of Volatility in Emerging Markets? (2010)
Journal Article
Akdeniz, L., Altay-Salih, A., & Umutlu, M. (2010). Does ADR Listing Affect the Dynamics of Volatility in Emerging Markets?. Czech Journal of Economics and Finance, 60(2), 122-137

This paper analyzes the time-series variation in the return volatility of non-US stocks from emerging markets that are cross-listed on US exchanges. Unlike previous studies in the cross-listing literature, return volatility is modeled using condition... Read More about Does ADR Listing Affect the Dynamics of Volatility in Emerging Markets?.

The degree of financial liberalization and aggregated stock-return volatility in emerging markets (2009)
Journal Article
Umutlu, M., Akdeniz, L., & Altay-Salih, A. (2010). The degree of financial liberalization and aggregated stock-return volatility in emerging markets. Journal of Banking and Finance, 34(3), 509-521. https://doi.org/10.1016/j.jbankfin.2009.08.010

In this study, we address whether the degree of financial liberalization affects the aggregated total volatility of stock returns by considering the time-varying nature of financial liberalization. We also explore channels through which the degree of... Read More about The degree of financial liberalization and aggregated stock-return volatility in emerging markets.

Firm leverage and investment decisions in an emerging market (2009)
Journal Article
Umutlu, M. (2010). Firm leverage and investment decisions in an emerging market. Quality and Quantity, 44(5), 1005-1013. https://doi.org/10.1007/s11135-009-9250-y

In this study, the effect of leverage on investment is analyzed by employing panel data methods for the Turkish non-financial firms that are quoted on İstanbul Stock Exchange. For one-way error component models, it is shown that there is a negative i... Read More about Firm leverage and investment decisions in an emerging market.