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All Outputs (45)

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.

Capital structure decisions of Turkish firms (2006)
Book Chapter
Guney, Y., Ozkan, A., & Yalciner, K. (2006). Capital structure decisions of Turkish firms. In S. G. Altug, & A. Filiztekin (Eds.), The Turkish Economy : The Real Economy, Corporate Governance and Reform (149-171). London: Routledge. https://doi.org/10.4324/9780203018439

Since the seminal work of Modigliani and Miller (1958) the theory on capital structure has successfully investigated the conditions under which the capital structure decision of a firm would be relevant for its value. Among the factors identified in... Read More about Capital structure decisions of Turkish firms.

New insights on the importance of agency costs for corporate debt maturity decisions (2005)
Journal Article
Guney, Y., & Ozkan, A. (2005). New insights on the importance of agency costs for corporate debt maturity decisions. Applied financial economics letters, 1(4), 233-238. https://doi.org/10.1080/17446540500117610

This study provides new insights on the relationship between corporate debt maturity and agency costs by investigating empirically the impact of managerial ownership and the divergence between control and cash-flow rights on debt maturity. A signific... Read More about New insights on the importance of agency costs for corporate debt maturity decisions.