Now showing items 1-2 of 2

  • Financial inclusion and bank stability: evidence from Europe 

    Authors:Danışman, Gamze Öztürk; Tarazi, Amine
    Publisher and Date:(Routledge Journals, 2020)
    The Great Recession of 2007-2009 piqued the interest of policymakers worldwide, prompting various initiatives to stabilize the financial system and advance financial inclusion. However, few studies have considered their interconnectedness or whether any synergies or trade-offs exist between them. This paper investigates how financial inclusion affects the stability of the European banking system. The findings indicate that advancements in financial inclusion through more account ownership and ...

  • Informed trading, order flow shocks and the cross section of expected returns in Borsa Istanbul 

    Authors:Tiniç, Murat; Salih, Aslihan
    Publisher and Date:(Routledge Journals, 2019)
    This paper examines the relationship between information asymmetry and stock returns in Borsa Istanbul. For all stocks that are traded in Borsa Istanbul between March 2005 and April 2017, we estimate the probability of informed trading (PIN) to proxy for information asymmetry.? Firm-level cross-sectional regressions indicate a statistically insignificant relationship between PIN estimates and future returns. Moreover, univariate and multivariate portfolio analyses assert that investors that hold ...