Pirgaip, Burak; Uysal, Aydın - In: Borsa Istanbul Review 23 (2023) 3, pp. 674-684
Over the past decade, one popular way for Turkish banks to remove nonperforming loans (NPLs) from their balance sheets …, we compare banks included in the Corporate Governance Index (XCORP) with other banks. Our event-study results suggest … corporate governance. More important, the stocks of these banks are efficiently priced, while the non-XCORP banks have …
