Yazar "Akben-Selcuk, Elif" seçeneğine göre listele

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    Does the institutional framework affect the relationship between debt financing and firm performance in emerging countries?
    (Routledge Journals, Taylor & Francis Ltd, 2021) Sener, Pinar; Akben-Selcuk, Elif; Didin-Sonmez, Fatma
    This paper investigates the impact of debt financing on firm performance and how this relationship is affected by the institutional framework in 14 emerging countries. The results show a negative relationship between debt financing and firm performance. However, this negative relationship is reversed in countries with better credit market regulations and more efficient legal systems.
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    Economic policy uncertainty and corporate cash holdings: the moderating role of country-level of corruption and uncertainty avoidance
    (Routledge Journals, Taylor & Francis Ltd, 2024) Didin-Sonmez, Fatma; Tournus, Pinar Sener; Akben-Selcuk, Elif
    This paper investigates the relationship between economic policy uncertainty and corporate cash holdings using data from seven emerging countries for the 2010-2018 period. Empirical results show that firms tend to hold more cash when EPU is high. Moreover, this positive relationship is stronger in countries with better control of corruption and in high uncertainty avoidance cultures. Results are robust to different measures of cash holdings and EPU.
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    How does the economic policy uncertainty affect the relationship between financial slack and firm performance in emerging countries?
    (John Wiley & Sons Ltd, 2023) Tournus, Pinar Sener; Didin-Sonmez, Fatma; Akben-Selcuk, Elif
    This study investigates the moderating effect of economic policy uncertainty (EPU) on the relationship between slack resources and firm performance in emerging countries. By using 47,523 firm-year observations from seven emerging market economies through the period of 2010-2018, the results show an inverse U-shaped relationship between slack resources and firm performance. The findings also demonstrate that EPU acts as a negative moderator for the slack-performance relationship. In high EPU environments, the marginal benefit from one additional unit of slack is smaller relative to low EPU environments. This study contributes to the slack resources-firm performance literature by emphasizing the role of the broader external environment as a moderator.
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    Ready or Not, Here It Comes: A Model of Perceived Financial Preparedness for Retirement
    (Springer/Plenum Publishers, 2021) Akben-Selcuk, Elif; Aydin, Asli Elif
    This study develops and tests a model of the predictors of financial preparedness for retirement using retirement planning knowledge and attitude as mediators. The study also compares the model across groups that choose to opt out or stay after being automatically enrolled in the private pension system. Structural equation modeling methodology is used to test the relationships between constructs using data from 600 employees (333 men, 267 women; M age = 30.12 years, SD = 8.39) from workplaces preparing to initiate automatic enrollment into the private pension system in Turkey. It is shown that both parental influence and life satisfaction are positively related to perceived financial preparedness for retirement. In contrast, pessimistic future economic perspectives have a negative effect on perceived financial preparedness for retirement. Moreover, the findings reveal a positive impact of retirement planning attitude and a negative impact of retirement planning knowledge on perceived financial preparedness. Mediating roles of retirement planning knowledge and attitude are determined. Path differences between those who opt out and those who stay enrolled in the private pension system are demonstrated. The study makes an original contribution by showing the impact of consumers' current life satisfaction and future economic perspectives on financial preparedness for retirement. Given that retirement and financial planning studies have generally been conducted in developed countries, research investigating the predictors of financial preparedness for retirement in emerging countries remains scarce. Moreover, this study is novel in that, unlike previous works, it considers mediating factors. Finally, a further contribution is made by examining differences in the model between individuals who choose to stay within the private pension system and those who choose to opt out.