An Empirical Analysis Of The Effects Of The 2007- 2008 Financial Crisis On Changes In The Value Creation Of Firms In The Financial And Real Economies Of Countries With Anglo-Saxon And Continental Financial Systems

In writing this article, I would like to answer the question of how the determinants of company value vary across groups of countries and economies, and how the global financial crisis of 2007-2008 has influenced the mechanisms of these determinants. Are there differences in the impact of the crisis across the groups of countries and economies under study? In my study, I have tested the validity of my hypothesis using the available database, which I have developed in the light of the literature and my research objectives. After a theoretical review and a presentation of previous empirical research, I conducted independent statistical tests to answer my question. The structure of the article is as follows. First, I identify the determinants of firm value based on the major literatures I have reviewed. The next sectionis the empirical section, in which I describe the database used for my empirical investigation. After describing the panel regression model and the methodology used, I present the empirical tests carried out and their results, and finally I draw my conclusions. In my study, I do not seek to compare my results with those of existing, previously conducted research.