Browsing by Author "Akın, Özlem"
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Anticipating the financial crisis: evidence from insider trading in banks
Akın, Özlem; Marín, J. M.; Peydro, J. - L. (Oxford University Press, 2020-04)Banking crises are recurrent phenomena, often induced by excessive bank risk-taking, which may be due to behavioural reasons (over-optimistic banks neglecting risks) and to conflicts of interest between bank shareholders/managers ... -
Global trends in liquidity creation: The role of the off-balance sheet
Akın, Özlem; Özsoy, Satı Mehmet (Peter Lang AG, 2019-03-28)Banks create liquidity by transforming liquid liabilities into illiquid assets and this is one of their main functions. Yet excessive liquidity creation, especially via off-balance sheet activities, might have contributed ... -
Political connections and informed trading: Evidence from TARP
Akın, Özlem; Coleman, N. S.; Fons‐Rosen, C.; Peydró, J.-L. (Wiley, 2021-09)We study insider trading behavior surrounding the largest bank bailout in history: Troubled Asset Relief Program (TARP). In politically connected banks, insider buying during the pre-TARP period is associated with increases ... -
The real estate and credit bubble: evidence from Spain
Akın, Özlem; Montalvo, J. G.; Villar, J. G.; Peydró, J.-L.; Raya, J. M. (Springer Science+Business Media, 2014-08)We analyze the determinants of real estate and credit bubbles using a unique borrower-lender matched dataset on mortgage loans in Spain. The dataset contain real estate credit and price conditions (loan principal and spread, ... -
Steepening versus flattening yield curves: Implications for WACC calculation and company valuation
Yıldırım, Mert Ata (2021-01-16)Recent survey conducted by Pinto et al. (2019) shows that Income Approach is one of the most preferred approaches by valuation practitioners. Weighted Average Cost of Capital (WACC) is used as the discount factor of future ...
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