University of Hull logo

Board independence, audit quality and earnings management: evidence from Egypt (2016)
Journal Article
Khalil, M., & Ozkan, A. (2016). Board independence, audit quality and earnings management: evidence from Egypt. Journal of emerging market finance, 15(1), 84-118. doi:10.1177/0972652715623701

Using a unique dataset for Egyptian firms, we investigate the relationship between board independence, audit quality and earnings management. We test whether firm-level corporate governance provisions matter in an emerging market setting characterise... Read More

Directors’ share dealings and corporate insolvencies: evidence from the UK (2015)
Journal Article
Ozkan, A., Poletti-Hughes, J., & Trzeciakiewicz, A. (2017). Directors’ share dealings and corporate insolvencies: evidence from the UK. The European journal of finance, 23(5), 427-455. doi:10.1080/1351847X.2015.1040168

This paper investigates the relation between insider trading and the likelihood of insolvency with a specific focus on the directors’ sale and purchase transactions preceding insolvency. We use a unique data set on directors’ dealings in 474 non-fina... Read More

Informative content of insider purchases: evidence from the financial crisis (2014)
Journal Article
Ozkan, A., & Trzeciakiewicz, A. (2014). Informative content of insider purchases: evidence from the financial crisis. Review of Behavioural Finance, 6(1), 26-45. doi:10.1108/RBF-01-2014-0008

Purpose – The purpose of this paper is to investigate the impact of insider trading on subsequent stock returns in the UK, with a specific focus on the impact of the global financial crisis of 2007-2008 on the relation between CEO and CFO stock purch... Read More

Financial flexibility, corporate investment and performance: evidence from financial crises (2013)
Journal Article
Arslan-Ayaydin, Ö., Florackis, C., & Ozkan, A. (2014). Financial flexibility, corporate investment and performance: evidence from financial crises. Review of Quantitative Finance and Accounting, 42(2), (211-250). doi:10.1007/s11156-012-0340-x. ISSN 0924-865X

This study examines the impact of financial flexibility on the investment and performance of East Asian firms over the period 1994-2009. We employ a sample of 1,068 firms and place particular emphasis on the periods of the Asian crisis (1997-1998) an... Read More

Managerial ownership and performance (2009)
Journal Article
Florackis, C., Kostakis, A., & Ozkan, A. (2009). Managerial ownership and performance. Journal of business research, 62(12), (1350-1357). doi:10.1016/j.jbusres.2008.12.001. ISSN 0148-2963

This study revisits the classical debate about the nature of the relationship between managerial ownership and corporate performance by using a semi-parametric estimation approach. The semi-parametric approach helps sidestep concerns associated with... Read More

The impact of managerial entrenchment on agency costs: An empirical investigation using UK panel data (2007)
Journal Article
Florackis, C., & Ozkan, A. (2009). The impact of managerial entrenchment on agency costs: An empirical investigation using UK panel data. European Financial Management, 15(3), 497-528. doi:10.1111/j.1468-036x.2007.00418.x

This paper empirically investigates the relationship between managerial entrenchment and agency costs for a large sample of UK firms over the period 1999-2005. To measure managerial entrenchment, we use detailed information on ownership and board str... Read More

Institutional investors and director pay: An empirical study of UK companies (2007)
Journal Article
Dong, M., & Ozkan, A. (2008). Institutional investors and director pay: An empirical study of UK companies. Journal of Multinational Financial Management, 18(1), (16-29). doi:10.1016/j.mulfin.2007.06.001. ISSN 1042-444X

This paper empirically examines the determinants of director pay for a sample of listed non-financial firms in the UK by focusing on the effects of institutional ownership on both director pay and pay-performance relationship. Our analysis reveals th... Read More