Dr. Armagan Gezici Armagan.Gezici@uwe.ac.uk
Senior Lecturer in Economics
Determinants of investment in Turkey: A firm-level investigation
Gezici, Arma?an; Orhangazi, �zg�r; Yal�?n, Cihan
Authors
�zg�r Orhangazi
Cihan Yal�?n
Abstract
In this article, we analyze the financing constraints-investment link for the case of Turkey between 1996 and 2013. As different from the existing studies on Turkey, we use a more comprehensive data set that includes both publicly-traded and privately-owned firms and analyze the differences in constraints across small- and medium-sized firms and large firms. In addition to the commonly used cash-flow sensitivities, we use alternative measures of constraints build from multiple firm specific variables. We find that small- and medium-sized manufacturing firms in Turkey are subject to financing constraints regardless of the measure used.
Citation
Gezici, A., Orhangazi, Ö., & Yalçın, C. (2019). Determinants of investment in Turkey: A firm-level investigation. Emerging Markets Finance and Trade, 55(6), 1405-1416. https://doi.org/10.1080/1540496x.2018.1473247
Journal Article Type | Article |
---|---|
Acceptance Date | May 30, 2018 |
Online Publication Date | Sep 20, 2018 |
Publication Date | May 3, 2019 |
Deposit Date | Feb 10, 2022 |
Journal | Emerging Markets Finance and Trade |
Print ISSN | 1540-496X |
Electronic ISSN | 1558-0938 |
Publisher | Taylor & Francis (Routledge) |
Peer Reviewed | Peer Reviewed |
Volume | 55 |
Issue | 6 |
Pages | 1405-1416 |
DOI | https://doi.org/10.1080/1540496x.2018.1473247 |
Keywords | General Economics, Econometrics and Finance; Finance |
Public URL | https://uwe-repository.worktribe.com/output/9007470 |
Additional Information | Peer Review Statement: The publishing and review policy for this title is described in its Aims & Scope.; Aim & Scope: http://www.tandfonline.com/action/journalInformation?show=aimsScope&journalCode=mree20; Published: 2018-05-30 |
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