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Full-Text Articles in Finance and Financial Management
A Comparison Of The Financial Characteristics Of U.S. And German Manufacturing Firms, Daniel Folkinshteyn, Ozge Uygur, Gulser Meric
A Comparison Of The Financial Characteristics Of U.S. And German Manufacturing Firms, Daniel Folkinshteyn, Ozge Uygur, Gulser Meric
Rohrer College of Business Faculty Scholarship
The U.S. and Germany rank #1 and #3, respectively, in the world, in terms of the total amount of international trade. U.S. and German firms compete with one another for a larger market share in other countries and in each other’s local markets. And yet, there are no published studies that compare the financial management practices of U.S. and German firms. In this paper, we make a contribution to the finance literature on this subject by comparing the financial characteristics of U.S. and German manufacturing firms. Our findings provide valuable insights for corporate financial managers and for investors who invest …
Market Reaction To Acquisition Announcements After The 2008 Stock Market Crash, Ozge Uygur, Gulser Meric, Ilhan Meric
Market Reaction To Acquisition Announcements After The 2008 Stock Market Crash, Ozge Uygur, Gulser Meric, Ilhan Meric
Rohrer College of Business Faculty Scholarship
Market reaction to mergers and acquisitions is a popular research topic in finance. It has been well documented in empirical literature that target companies earn significant abnormal market returns in corporate acquisitions. However, the effects of stock market crashes, and the effects of whether the acquirer is a domestic firm or a foreign firm, on target firm abnormal returns have not been studied sufficiently. In this paper, we make a contribution to the extant literature on these subjects by studying the abnormal market returns earned by U.S. target firms acquired by domestic and foreign firms after the 2008 stock market …
The Financial Characteristics Of Large And Small Firms Before And After The 2008 Stock Market Crash, Daniel Folkinshteyn, Gulser Meric
The Financial Characteristics Of Large And Small Firms Before And After The 2008 Stock Market Crash, Daniel Folkinshteyn, Gulser Meric
Rohrer College of Business Faculty Scholarship
The financial crisis of 2008, and the associated bear market lasting from October 2007 to March 2009, has had a significant impact on a broad cross section of firms in the global economy. Of particular interest to us in this study is the effect of this time period on the financial characteristics of firms, with extra focus on debt-related ratios. Using a large sample of U.S. firms from the COMPUSTAT database, we find that firms, on average, come out of the financial crisis with less insolvency and bankruptcy risk, more efficient asset utilization, and more attractive market valuations.