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All Outputs (2)

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.