Corporate Insolvency and Governance

The objective of the research presented in this paper is to explore the factors associated with company failures in the context of the construction industry. To that end, the four quadrants of an ‘environment/response’ matrix developed by Boyle & Desai (1991. Journal of Small Business Management , 29 , 33–42) are popu…

• ALMULA KÖKSAL IŞIKKAYA

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• CEM DEMİROĞLU

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• LEVENT GÜNTAY

The main goal of this research is to develop a model that construction company executives can use to determine whether their company is healthy, whether decline is setting in, or whether decline has reached an advanced stage. The construction company decline model is a statistical model that was developed by making us…

This paper examines how differences in state foreclosure laws influence the incidence of default in the residential mortgage market. Specifically, we examine how judicial review requirements, lenders’ recourse rights (deficiency judgments), and state assistance programs for distressed borrowers affect the likelihood o…

• CEM DEMİROĞLU

This article uses a novel approach to measure the unobserved liquidation value of a firm that relies on the information contained in the allocations that are agreed upon in Chapter 11 negotiations. I estimate a game theoretic model that captures the influence of liquidation value on the equilibrium allocations using a…

The purpose of this study is to examine the impact of both firm-specific and macroeconomic factors on the financial distress risk of the firms listed in the Borsa Istanbul Small and Medium Enterprises (SMEs) Industrial Index over the period from 2010 to 2019. Generalized Method of Moments (GMM) estimator is used to de…

• IŞIL EREM CEYLAN

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Purpose The purpose of this paper is to investigate the extent of convergence of regulations and of practice regarding corporate governance between a developing country (Turkey) and a developed country (the UK). Design/methodology/approach The development of the codes is described and compared and then research is con…

• AYLİN POROY ARSOY

Crypto assets and their legal qualification hold an important place in the international legal arena. There are many public and private law aspects of crypto assets that require clarification. The first difficulty lies in defining what a crypto asset is. There are many different taxonomies of crypto assets, and these…

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Artificial intelligence (AI) has transformed corporate governance, offering unparalleled opportunities for efficiency and decision-making and raising a host of complex legal questions. This article explores the use of AI in corporate governance, addressing the changing role of AI, ethical and legal issues, questions o…

• MUSTAFA KENAN USTAHALİLOĞLU