“…For illustrative purposes, some of these papers are Titman and Wessels (1988), Harris and Raviv (1991), Rajan and Zingales (1995), Bevan and Danbolt (2000), Booth et al (2001), Voulgaris et al (2004), Antoniou et al (2005), Daskalakis and Psillaki (2007), Mefteh and Oliver (2007), Feidakis and Rovolis (2012), Eldomiaty (2012), Shah and Khan (2013), Alipour et al (2015), and Koksal and Orman (2015).…”