Outputs (33)

The effect of hedging on firm value and performance: Evidence from the nonfinancial UK firms (2014)
Presentation / Conference Contribution
Ahmed, H., Azevedo, A., & Guney, Y. (2014, June). The effect of hedging on firm value and performance: Evidence from the nonfinancial UK firms. Presented at European Financial Management 2014 Annual Conference, University of Rome Tor Vergata - School of Economics

We examine the effect of hedging with financial derivatives on firm value and financial performance, relying on a new dataset which comprises information on 288 nonfinancial firms listed in the FTSE-All share index at the London Stock Exchange (LSE)... Read More about The effect of hedging on firm value and performance: Evidence from the nonfinancial UK firms.

Corporate dividend policy in Thailand: theory and evidence (2013)
Journal Article
Fairchild, R., Guney, Y., & Thanatawee, Y. (2014). Corporate dividend policy in Thailand: theory and evidence. International review of financial analysis, 31, 129-151. https://doi.org/10.1016/j.irfa.2013.10.006

This paper examines dividend changes in an emerging market: Thailand. We begin by considering the possible effects of the Thai corporate environment on dividend policy. We develop a theoretical model that considers the relationship between the streng... Read More about Corporate dividend policy in Thailand: theory and evidence.

Heterogeneous effect of ethnic networks on international trade of Thailand: The role of family ties and ethnic diversity (2013)
Journal Article
Duanmu, J.-L., & Guney, Y. (2013). Heterogeneous effect of ethnic networks on international trade of Thailand: The role of family ties and ethnic diversity. International Business Review, 22(1), 126-139. https://doi.org/10.1016/j.ibusrev.2012.02.009

Ethnic networks have been found to have a pro-trade effect in previous research. However, the heterogeneous effect of different ethnicities is under-studied. Drawing on the literature on social structure, this paper attempts to untangle the heterogen... Read More about Heterogeneous effect of ethnic networks on international trade of Thailand: The role of family ties and ethnic diversity.

The relationship between product market competition and capital structure in Chinese listed firms (2011)
Journal Article
Guney, Y., Li, L., & Fairchild, R. (2011). The relationship between product market competition and capital structure in Chinese listed firms. International review of financial analysis, 20(1), 41-51. https://doi.org/10.1016/j.irfa.2010.10.003

Financial and industrial economists have increasingly recognized the interaction between product market competition and financing decisions of firms. This paper analyzes the relationship between product market competition (measured by Tobin's Q) and... Read More about The relationship between product market competition and capital structure in Chinese listed firms.

A panel data analysis of locational determinants of Chinese and Indian outward foreign direct investment (2009)
Journal Article
Guney, Y., & Duanmu, J. L. (2009). A panel data analysis of locational determinants of Chinese and Indian outward foreign direct investment. Journal of Asia Business Studies, 3(2), 1-15. https://doi.org/10.1108/15587890980001512

The upsurge of Chinese and Indian outward foreign direct investment (FDI) raises an unanswered question about locational determinants of direct investment from the two countries. Using an unbalanced bilateral FDI database, we find that Chinese and In... Read More about A panel data analysis of locational determinants of Chinese and Indian outward foreign direct investment.

Exogenous and endogenous factors impacting student performance in undergraduate accounting modules (2009)
Journal Article
Guney, Y. (2009). Exogenous and endogenous factors impacting student performance in undergraduate accounting modules. Accounting education, 18(1), 51-73. https://doi.org/10.1080/09639280701740142

The objective of this study is to explore cross-sectionally the potential determinants of academic performance in undergraduate accounting modules for non-accounting degree students. The econometric model employs both student-oriented endogenous fact... Read More about Exogenous and endogenous factors impacting student performance in undergraduate accounting modules.

The determinants of corporate debt ownership structure: Evidence from market‐based and bank‐based economies (2008)
Journal Article
Antoniou, A., Guney, Y., & Paudyal, K. (2008). The determinants of corporate debt ownership structure: Evidence from market‐based and bank‐based economies. Managerial Finance, 34(12), 821-847. https://doi.org/10.1108/03074350810915806

Purpose
This paper aims to investigate the determinants of choice between private and public debt for British and German listed companies.

Design/methodology/approach
The paper is based on three strands of theories: the “liquidation and renegoti... Read More about The determinants of corporate debt ownership structure: Evidence from market‐based and bank‐based economies.

The Determinants of Capital Structure: Capital Market-Oriented versus Bank-Oriented Institutions (2008)
Journal Article
Antoniou, A., Guney, Y., & Paudyal, K. (2008). The Determinants of Capital Structure: Capital Market-Oriented versus Bank-Oriented Institutions. Journal of Financial and Quantitative Analysis, 43(1), 59-92. https://doi.org/10.1017/s0022109000002751

The paper investigates how firms operating in capital market-oriented economies (the U.K. and the U.S.) and bank-oriented economies (France, Germany, and Japan) determine their capital structure. Using panel data and a two-step system-GMM procedure,... Read More about The Determinants of Capital Structure: Capital Market-Oriented versus Bank-Oriented Institutions.

Debt maturity structure of Chinese companies (2007)
Journal Article
Cai, K., Fairchild, R., & Guney, Y. (2008). Debt maturity structure of Chinese companies. Pacific-Basin Finance Journal, 16(3), 268-297. https://doi.org/10.1016/j.pacfin.2007.06.001

Numerous studies have focused on the theoretical and empirical aspects of corporate capital structure since the 1960s. As a new branch of capital structure, however, debt maturity structure has not yet received as much attention as the debt-equity ch... Read More about Debt maturity structure of Chinese companies.

International evidence on the non-linear impact of leverage on corporate cash holdings (2006)
Journal Article
Guney, Y., Ozkan, A., & Ozkan, N. (2007). International evidence on the non-linear impact of leverage on corporate cash holdings. Journal of Multinational Financial Management, 17(1), 45-60. https://doi.org/10.1016/j.mulfin.2006.03.003

This paper investigates cash holding behaviour of firms from France, Germany, Japan, the UK and the US using data for 4069 companies over the period 1996–2000. Our focus is particularly on the relation between cash holdings and leverage. We argue tha... Read More about International evidence on the non-linear impact of leverage on corporate cash holdings.