Market reaction to director independence at Borsa Istanbul
Tài liệu tham khảo
Agrawal, 2005, Corporate governance and accounting scandals, Journal of Law and Economics, 48, 371, 10.1086/430808
Agrawal, 1996, Firm performance and mechanisms to control agency problems between managers and shareholders, Journal of Financial and Quantitative Analysis, 31, 377, 10.2307/2331397
Ahern, 2009, Sample selection and event study estimation, Journal of Empirical Finance, 16, 466, 10.1016/j.jempfin.2009.01.003
Akisik, 2013, Accounting regulation, financial development, and economic growth, Emerging Markets Finance and Trade, 49, 33, 10.2753/REE1540-496X490103
Anderson, 2011, The economics of director heterogeneity, Financial Management, 40, 5, 10.1111/j.1755-053X.2010.01133.x
Ararat
Ararat
Ararat, 2008
Ararat
Arioglu, 2015, Busyness and advising at Borsa Istanbul Firms, Borsa Istanbul Review, 15, 126, 10.1016/j.bir.2015.01.001
Armstrong, 2014, Do independent directors cause improvements in firm transparency?, Journal of Financial Economics, 113, 383, 10.1016/j.jfineco.2014.05.009
Aygoren, 2007, Istanbul Menkul Kiymetler Borsa'sinda denetim goruslerinin hisse senedi getirileri uzerindeki etkisi, Borsa Istanbul Review, 9, 31
Basdas, 2014, Event studies in Turkey, Borsa Istanbul Review, 14, 167, 10.1016/j.bir.2014.03.003
Batchelor, 2003, Event-related GARCH: the impact of stock dividends in Turkey, Applied Financial Economics, 13, 295, 10.1080/09603100210138547
Berument, 2013, Football and risk-return relationship for a stock market: Borsa Istanbul, Emerging Markets Finance and Trade, 49, 19, 10.2753/REE1540-496X490202
Bhagat, 2013, Director ownership, governance, and performance, Journal of Financial and Quantitative Analysis, 48, 105, 10.1017/S0022109013000045
Bhagat, 2011, Emerging country cross-border acquisitions: characteristics, acquirer returns and cross-sectional determinant, Emerging Markets Review, 12, 250, 10.1016/j.ememar.2011.04.001
Binici, 2013, Do banks stockholders share the burden of required reserve tax? Evidence from Turkey, Emerging Markets Finance and Trade, 49, 46, 10.2753/REE1540-496X490403
Black, 2012, The effect of board structure on firm value: a multiple identification strategies approach using Korean data, Journal of Financial Economics, 104, 203, 10.1016/j.jfineco.2011.08.001
Boone, 2007, The determinants of corporate board size and composition: an empirical analysis, Journal of Financial Economics, 85, 66, 10.1016/j.jfineco.2006.05.004
Bradley, 2015, Does board independence reduce the cost of debt?, Financial Management, 44, 15, 10.1111/fima.12068
Brochet, 2014, Accountability of independent directors: evidence from firms subject to securities litigation, Journal of Financial Economics, 111, 439, 10.1016/j.jfineco.2013.10.013
Byrd, 1992, Do outside directors monitor managers? Evidence from tender offer bids, Journal of Financial Economics, 32, 195, 10.1016/0304-405X(92)90018-S
Caliskan, 2009, Kurumsal yünetim uygulamalarının Türk bankacılık sektüründeki durumu, Iktisat Fakültesi Mecmuası, 59, 121
Canbas, 2009, Investor sentiment and stock returns: evidence from Turkey, Emerging Markets Finance and Trade, 45, 36, 10.2753/REE1540-496X450403
Carhart, 1997, On the persistence in mutual fund performance, Journal of Finance, 52, 57, 10.1111/j.1540-6261.1997.tb03808.x
Claessens, 2013, Corporate governance in emerging markets: a survey, Emerging Markets Review, 15, 1, 10.1016/j.ememar.2012.03.002
Coles, 2008, Boards: does one size fit all?, Journal of Financial Economics, 87, 329, 10.1016/j.jfineco.2006.08.008
Coles
Core, 1999, Corporate governance, chief executive officer compensation, and firm performance, Journal of Financial Economics, 51, 371, 10.1016/S0304-405X(98)00058-0
Corporate Governance Association of Turkey (TKYD), www.tkyd.org.
Defond, 2005, Does the market value financial expertise on audit committees of boards of directors, Journal of Accounting Research, 43, 153, 10.1111/j.1475-679x.2005.00166.x
Demir, 2011, The effect of performance of soccer clubs on their stock prices: evidence from Turkey, Emerging Markets Finance and Trade, 47, 58, 10.2753/REE1540-496X4705S404
Dionne
Dittmar, 2015, Can managers time the market? Evidence using repurchase price data, Journal of Financial Economics, 115, 261, 10.1016/j.jfineco.2014.09.007
Falato, 2014, Distracted directors: does board busyness hurt shareholder value?, Journal of Financial Economics, 11, 404, 10.1016/j.jfineco.2014.05.005
Faleye
Fama, 1993, Common risk factors in the returns on stocks and bonds, Journal of Financial Economics, 33, 3, 10.1016/0304-405X(93)90023-5
Fama, 2012, Size, value, and momentum in international stock returns, Journal of Financial Economics, 105, 457, 10.1016/j.jfineco.2012.05.011
Ferreira, 2011, Board structure and price informativeness, Journal of Financial Economics, 99, 523, 10.1016/j.jfineco.2010.10.007
Ferris, 2003, Too busy to mind the business? Monitoring by directors with multiple board appointments, Journal of Finance, 58, 1087, 10.1111/1540-6261.00559
Fich, 2006, Are busy boards effective monitors?, Journal of Finance, 61, 689, 10.1111/j.1540-6261.2006.00852.x
Fich, 2007, Financial fraud, director reputation, and shareholder wealth, Journal of Financial Economics, 86, 306, 10.1016/j.jfineco.2006.05.012
Field, 2013, Are busy board detrimental?, Journal of Financial Economics, 109, 63, 10.1016/j.jfineco.2013.02.004
Francis, 2014, Professors in the boardroom and their impact on corporate governance and firm performance, Financial Management, 44, 547, 10.1111/fima.12069
Gilson, 1990, Bankruptcy, boards, banks, and blockholders: evidence on changes in corporate ownership and control when firms default, Journal of Financial Economics, 27, 355, 10.1016/0304-405X(90)90060-D
Giroud, 2010, Does corporate governance matter in competitive industries?, Journal of Financial Economics, 95, 312, 10.1016/j.jfineco.2009.10.008
Gunasekarage, 2008, The market reaction to the appointment of outside directors, International Journal of Managerial Finance, 4, 259, 10.1108/17439130810902787
Guner, 2008, Financial expertise of directors, Journal of Financial Economics, 88, 323, 10.1016/j.jfineco.2007.05.009
Guthrie, 2012, CEO compensation and board structure revisited, Journal of Finance, 67, 1149, 10.1111/j.1540-6261.2012.01744.x
Harvey, 2001, Executive compensation structure and corporate governance choices, Journal of Financial Research, 24, 495, 10.1111/j.1475-6803.2001.tb00827.x
Hermalin, 1991, The effects of board composition and direct incentives on firm performance, Financial Management, 20, 101, 10.2307/3665716
Ho, 2007, Matching nonparametric preprocessing for reducing model dependence in parametric causal inference, Political Analysis, 15, 199, 10.1093/pan/mpl013
Hsu, 2010, The new game in town: competitive effects of IPOs, Journal of Finance, 65, 495, 10.1111/j.1540-6261.2009.01542.x
Huang, 2008, Does the appointment of an outside director increase firm value? Evidence from Taiwan, Emerging Markets Finance and Trade, 44, 66, 10.2753/REE1540-496x440305
Jensen, 1993, The modern industrial revolution, exit, and the failure of internal control systems, Journal of Finance, 48, 831, 10.1111/j.1540-6261.1993.tb04022.x
Jiang, 2007, Do business school professors make good executive managers?, Academy of Management Perspectives, 21, 29, 10.5465/AMP.2007.26421237
Karmel, 2014, Is the independent director model broken?, Seattle University Law Review, 37, 775
Kaymak, 2008, East meets west? Board characteristics in an emerging market: evidence from Turkish banks, Corporate Governance, 16, 550, 10.1111/j.1467-8683.2008.00713.x
Kim, 2014, Outside directors and board advising and monitoring performance, Journal of Accounting & Economics, 57, 110, 10.1016/j.jacceco.2014.02.001
Knyazeva, 2013, The supply of corporate directors and board independence, Review of Financial Studies, 26, 1561, 10.1093/rfs/hht020
Kruger, 2015, Corporate goodness and shareholder wealth, Journal of Financial Economics, 115, 304, 10.1016/j.jfineco.2014.09.008
Law, 2014, Economic globalization and financial development in East Asia: a panel cointegration and causality analysis, Emerging Markets Finance and Trade, 50, 210, 10.2753/REE1540-496X500112
Le Mire, 2013, Independence and independent company directors, Journal of Corporate Law Studies, 13, 443, 10.5235/14735970.13.2.443
Linck, 2008, The determinants of board structure, Journal of Financial Economics, 87, 308, 10.1016/j.jfineco.2007.03.004
Lin, 2003, Stock market reaction to the appointment of outside directors, Journal of Business Finance and Accounting, 30, 351, 10.1111/1468-5957.t01-1-00001
MacKinley, 1997, Event studies in economics and finance, Journal of Economic Literature, 35, 13
Mak
Mandaci, 2003, IMKB'de genel seçimler üncesi ve sonrasındaki anormal fiyat hareketleri, Borsa Istanbul Review, 7, 1
Masulis, 2011, Are all inside directors the same? Evidence from the external directorship market, Journal of Finance, 66, 823, 10.1111/j.1540-6261.2011.01653.x
Masulis, 2014, Independent director incentives: where do talented directors spend their limited time and energy?, Journal of Financial Economics, 111, 406, 10.1016/j.jfineco.2013.10.011
Masulis
Masulis, 2007, Corporate governance and acquirer returns, Journal of Finance, 62, 1851, 10.1111/j.1540-6261.2007.01259.x
Mehran, 1995, Executive compensation structure, ownership, and firm performance, Journal of Financial Economics, 38, 163, 10.1016/0304-405X(94)00809-F
Neyapti, 2014, Macroeconomic impact of bank regulation and supervision: a cross-country investigation, Emerging Markets Finance and Trade, 50, 52, 10.2753/REE1540-496X500103
Nguyen, 2010, The value of independent directors: evidence from sudden deaths, Journal of Financial Economics, 98, 550, 10.1016/j.jfineco.2010.07.004
Onder, 2006, How do political and economic news affect emerging markets? Evidence from Argentina and Turkey, Emerging Markets Finance and Trade, 42, 50, 10.2753/REE1540-496X420403
Ravina, 2010, What do independent directors know? Evidence from their trading, Review of Financial Studies, 23, 962, 10.1093/rfs/hhp027
Rosenbaum, 1985, Constructing a control group using multivariate matched sampling methods that incorporate the propensity score, The American Statistician, 39, 33
Rosenstein, 1990, Outside directors, board independence, and shareholder wealth, Journal of Financial Economics, 26, 175, 10.1016/0304-405X(90)90002-H
Rossi, 2004, Cross-country determinants of mergers and acquisitions, Journal of Financial Economics, 74, 277, 10.1016/j.jfineco.2003.10.001
Tahaoglu, 2011, An investigation of returns to insider transactions: evidence from the Istanbul Stock Exchange, Bogazici Journal, 25, 57, 10.21773/boun.25.1.3
Uludag, 2010, Stock price reactions to merger announcements: evidence from Istanbul Stock Exchange, Borsa Istanbul Review, 12, 19
Unlu, 2012, Dort faktorlu varlık fiyatlama modelinin IMKB'de test edilmesi, Iktisat Isletme ve Finans, 27, 57
Uzun, 2004, Board composition and corporate fraud, Financial Analysts Journal, 60, 33, 10.2469/faj.v60.n3.2619
Wang, 2012, The signaling effect of independent director appointments, Emerging Markets Finance and Trade, 48, 25, 10.2753/REE1540-496X480502
Weisbach, 1988, Outside directors and CEO turnover, Journal of Financial Economics, 20, 431, 10.1016/0304-405X(88)90053-0
Wintoki, 2012, Endogeneity and the dynamics of internal corporate governance, Journal of Financial Economics, 105, 581, 10.1016/j.jfineco.2012.03.005
Yilmaz, 2006, Dividend policies and price-volume reactions to cash dividends on the stock market, Emerging Markets Finance and Trade, 42, 19, 10.2753/REE1540-496X420402