Browsing by Author "Öztürk Danışman, Gamze"
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Asymmetric Cost Behavior and Acquirer Returns: Evidence from U.S. Mergers Authors:Uğurlu, Mine; Öztürk Danışman, Gamze; Bilyay-Erdoğan, Seda; Vural-Yavaş, Çiğdem
Publisher and Date:(Ege Univ, 2019)This paper investigates the asymmetric behavior of the selling, general and administrative (SG&A) costs of acquirers, and reveals its effects on mergers & acquisitions (M&A) performance in a one-year event window. It is based on a sample of 6888 M&As completed in the U.S. during the 2003-2015 period and employs panel data regressions. The results show that 73% of the acquirers display asymmetric cost behavior. A significant negative relation is found between cost stickiness and acquirers' abnormal ...
Loan loss provisioning of US banks: Economic policy uncertainty and discretionary behavior Authors:Öztürk Danışman, Gamze; Demir, Ender; Ozili, Peterson K.
Publisher and Date:(Elsevier Inc, 2021)This paper examines the effect of economic policy uncertainty (EPU) on loan loss provisions (LLP). Using a sample of 6384 US banks and yearly data from 2009 to 2019 and addressing endogeneity (GMM and IV estimations), the findings reveal that in times of higher economic policy uncertainty, banks tend to increase their loan loss provisioning. Considering the four components of EPU, the findings document that the majority of the explanatory power on loan loss provisions originates from news-based ...