Turkish Abstract: Türkiye'de çoğunluk hissesi satın alınan halka açık hedef şirketlerin ciddi bir kısmı satın alındıktan sonra faaliyetlerine halka açık olarak devam etmekte ve finansal raporlarını kamuyla paylaşmayı sürdürmektedirler. Bu durum, Türk hedef şirketlerin...

We investigate the effect of labor unionization on industry-level takeover activity after negative economy-wide shocks. Focusing on the 2008 financial crisis, we find that merger intensities drop significantly during the post-crisis period, though the degree of unionization in an industry...

Before their announcements are publicized on the regulatory agency’s Public Disclosure Platform (PDP) website, Turkish public firms privately upload their disclosures to the PDP servers with electronic signatures. Using the electronic signature timestamps of the announcements made between 2009...

Short-term debt can reduce potential agency conflicts between managers and shareholders by exposing managers to more frequent monitoring by the credit market. Using an international dataset, we examine whether internal monitoring can substitute for external monitoring through the use of...