Ekonomi İşletme ve Yönetim Dergisi

Ekonomi İşletme ve Yönetim Dergisi

The Global Financial Crisis and Corporate Financial Policies

Yazarlar: Ali Yavuz POLAT

Cilt 5 , Sayı 1 , 2021 , Sayfalar 83 - 97

Konular:İşletme

Anahtar Kelimeler:Cash Holdings,Corporate Finance,Debt Maturity,Dividend Payouts,Financial Crisis,Investment,Leverage

Özet: The 2008-2009 global financial crisis (GFC) provides a natural experiment opportunity to analyze its impact on corporate financial decisions. This article first critically reviews the relationship between the GFC and corporate financial policies, then investigates the association between the GFC and leverage, debt maturity, cash holdings, dividends and investment for non-financial listed firms in Borsa Istanbul. Considering the findings in the literature, firms give different responses to the changing dynamics with the GFC across institutional environments and various corporate policies. Regarding the empirical evidence from Borsa Istanbul, the findings show that firms do not significantly change their corporate policies, excluding investment decisions. The reason for this stability may be due to the lessons learned and institutional strengthening after the 2001 financial crisis in Turkey.

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@article{2021, title={The Global Financial Crisis and Corporate Financial Policies}, volume={5}, number={83–97}, publisher={Ekonomi İşletme ve Yönetim Dergisi}, author={Ali Yavuz POLAT}, year={2021} }
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Ali Yavuz POLAT. (2021). The Global Financial Crisis and Corporate Financial Policies (Vol. 5). Vol. 5. Ekonomi İşletme ve Yönetim Dergisi.
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Ali Yavuz POLAT. The Global Financial Crisis and Corporate Financial Policies. no. 83–97, Ekonomi İşletme ve Yönetim Dergisi, 2021.
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