Browsing by KHAS Author "Akben-Selçuk, Elif"
Corporate Social Responsibility and Financial Performance: The Moderating Role of Ownership Concentration in Turkey The objective of this study is to investigate the impact of corporate social responsibility (CSR) engagement on firm financial performance in a developing country, Turkey, and to analyze the moderating role of ownership concentration in the CSR-financial performance relationship. The sample consists of non-financial public firms listed on the Borsa Istanbul (BIST)-100 index and covers the period between 2014 and 2018. Empirical results using an instrumental variable approach show that corporate ...
Authors:Akben-Selçuk, Elif; Altıok-Yılmaz, Ayşe
Publisher and Date:(Springer International Publishing Ag, 2017)The objective of this chapter is to investigate the factors affecting corporate cash holdings in five emerging markets, namely Brazil, Indonesia, Mexico, Russia, and Turkey. The sample consists of 1991 firms listed on the major stock exchange of their countries and covers the period between 2009 and 2015. The model is estimated by Arellano-Bond dynamic generalized method of moments. Results show that firms which use higher leverage in their capital structure hold more cash. More profitable firms ...
Authors:Sener, Pınar; Akben-Selçuk, Elif
Publisher and Date:(Routledge Journals, Taylor & Francıs Ltd, 2020)This paper investigates the role of firm-level and country-level governance on corporate diversification behaviour in emerging markets. The results show that firms with combined leadership structure are more diversified while firms with more independent directors are less diversified. There is a U-shaped relationship between ownership concentration and diversification. No significant association between country-level shareholder protection and diversification is demonstrated.
An investigation of financial literacy, money ethics and time preferences among college students A structural equation model Authors:Aydın, Aslı Elif; Akben-Selçuk, Elif
Publisher and Date:(Emerald Group Publishing Ltd, 2019)Purpose - Financial literacy has a strong influence on financial well-being, and it is a concept especially important for college students who start to develop their financial habits. The purpose of this paper is to examine the relationship between financial literacy, money attitudes and time preferences among Turkish university students. Design/methodology/approach - Data were collected from 1,443 university students from 14 campuses in Turkey. Structural equation modeling methodology is ...