Yazar "Didin-Sonmez, Fatma" seçeneğine göre listele

Listeleniyor 1 - 3 / 3
  • Küçük Resim Yok
    Öğe
    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.
  • Küçük Resim Yok
    Öğe
    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.
  • Küçük Resim Yok
    Öğe
    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.