School Research Seminar Series

6 March 2013

Time: 1:00 - 2:00pm
Venue: FB4.04/08 Francis Bancroft Building (4th Floor)

Speaker
Gulnur Muradoglu

Bio
Gulnur MURADOGLU is a Professor of Finance. She is the Director of Behavioural Finance Working Group. She has worked for Cass as the Director of PhD Programme and for Manchester Business School (formerly the School of Accounting and Finance)as the Director of the MSc. in Finance and for Bilkent University as assistant and associate professor respectively. She has been at the Wharton School of the University of Pennsylvania as a Fulbrighter and at Warwick Business School as a Visiting Fellow. She is doing research on behavioral finance and emerging markets. She has been an associate Editor of European Journal of Finance and Emerging Markets Finance and Trade and on the Editorial Boards of the journals Comparative Economic Systems, International Journal of Behavioural Accounting and Finance, and Frontiers of Finance and Economic. She is organises and Co-Chairs the annual conferences of BFWG. She has organised and chaired the 11th Multinational Finance Society Meeting in Istanbul in 2004 and the EWGFM Conference in London in 2008. She has published more than forty articles in various journals including The Journal of Banking and Finance, Journal of Behavioural Finance, Journal of Applied Finance, Journal of Economics and Business, Journal of International Business, European Journal of Finance, Multinational Finance Journal, Applied Financial Economics, Developing Economies, European Journal of Operational Research, Journal of Forecasting, International Journal of Forecasting, Applied Economics Letters and Emerging Markets Finance and Trade.

Seminar title
Capital Structures in Europe

Abstract
We investigate capital structures and debt maturities of firms in Europe, a bank based financial system. We compare firms in EU-15 with firms in accession countries. In EU-15, there is a move towards equity financing. In accession countries, there is a move towards debt financing and debt maturities increase as they enter the EU. FDI is an important source of equity financing. Firms that fail to benefit from FDI fail to survive. High economic growth rates are financed by short-term debt, while FDI replaces long-term debt. This confirms the current plight of firms in Europe due to the credit crunch.

Additional information
Seminar lunch in The Kitchen at 12:30pm
The seminar will run from 13:00 to 14:00pm (suggested: 50 minute talk and 10 minute Q&A)

Please confirm your attendance by emailing l.giles@qmul.ac.uk