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Validated Signalling: How Ownership Structure Enhances ESG Disclosure Credibility in an Emerging Market

open access: yesBusiness Strategy and the Environment, EarlyView.
ABSTRACT While signalling theory predicts that ESG disclosure reduces information asymmetry and supports forward‐looking firm valuation, this relationship remains contested in emerging markets with concentrated ownership. Using a panel of 84 Turkish listed firms over 2014–2024 (924 firm‐years) and two‐step system GMM, we examine whether business groups,
Ajab Khan   +2 more
wiley   +1 more source

Not only green: Sustainability and debt capital markets.

open access: yesJ Int Money Finance
Becker A, Fatica S, Rancan M.
europepmc   +1 more source
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The Sovereign Debt Crisis

2013
The global credit crisis has forced governments to bail out their financial systems and pursue easy fiscal policy, in some cases with a prodigious stimulus, to alleviate the recession (see Karakitsos, 2012). As a result, governments in many advanced economies have become over-indebted, thereby threatening the global financial system and posing the risk
Philip Arestis, Elias Karakitsos
openaire   +2 more sources

The Unfolding Sovereign Debt Crisis

Current History, 2023
Following the 2008 global financial crisis, years of low interest rates provided a rare opportunity for many developing nations to borrow in international markets—whether issuing bonds in their own currencies, securing loans from private-sector banks and commodity traders, or borrowing from China, which emerged as a dominant official creditor ...
Layna Mosley, B. Peter Rosendorff
openaire   +1 more source

Sovereign Debt Crisis: Euro-Reality

2017
In the domestic credit market creditor and debtor rights are clearly defined. In contrast, sovereign debt repayment is largely contingent on the debtor government's willingness to repay as enforcement of contracts at the international level is limited.
Horvath, Julius   +1 more
openaire   +2 more sources

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