Organizational commitment has been employed widely in the organizational research related to employee workplace behavior. Also it has effects on organizations as well as employees. Hence, this study aims to investigate the mediation role of organizational commitment on the effect of supporting professional characteristics on organizaitonal adaptive performance. The study was applied to 403 participants from various small and medium sized enterprises quoted to İstanbul Trade Chamber. Correlation, regression and structural equation modelling were employed in data analysis. Findings reveal out that supporting behavioral professional characteristics has a positive effect on organizational adaptive performance. However, mediation role of organizational commitment was not concluded in the study.

Keywords:Professional characteristics, adaptive performance, organizational commitment, structural equation model

JEL Classification:C40, L25

Örgütsel bağlılık, çalışanların davranışları üzerinde etkili olan bir tutum olarak araştırmalarda kullanılan bir faktördür. Örgütsel bağlılık çalışanlar kadar örgütler üzerinde de etkilidir. Bu çalışmada, profesyonel özelliklerin desteklenmesinin örgütün adaptif performansı üzerindeki etkisinde örgütsel bağlılığın aracılık rolü, İstanbul’da faaliyet gösteren İTO’ya bağlı farklı sektörlerdeki küçük ve orta ölçekli 403 işletmeden (KOBİ) anket yöntemiyle elde edilen veriler ışığında araştırılmıştır. Verilerin değerlendirilmesi, korelasyon, regresyon ve yapısal eşitlik modeli testi ile yapılmıştır. Elde edilen bulgular, davranışsal profesyonel özelliklerin desteklenmesinin örgütün adaptif performansı üzerinde pozitif etkisi olduğunu, ancak örgütsel bağlılığın bu etkileşimde herhangi bir rolü olmadığını göstermektedir.

Anahtar Kelimeler: Profesyonel özellikler, adaptif performans, örgütsel bağlılık, yapısal eşitlik modeli

JEL Sınıflandırması: C40, L25

The purpose of this study is to investigate the relationship between work values and attitudes towards work ethics for public and private sector employees. The results of the study reveal a significant relationship between work values and attitudes towards work ethics. A further examination pointed out a positive relationship between attitudes towards work ethics and dimensions of work values, namely management, achievement, security, associates, aesthetic, prestige, independence, variety, economic return and intellectual stimulation. Furthermore, work values of employees are found to vary depending on gender variable whereas management and aesthetic dimensions of work values are found to vary depending on the sector of the employee. Attitudes towards ethics and work values do not show difference according to demographic variables such as education level, age and marital status.

Keywords:Work ethics, work values, public and private sector employees

JEL Classification:M10, M14, A13

In this paper we aim to specify the long term tendency of working capital in Turkey. Previous studies proved that working capital differentiated as per sectors and fluctuated over time.  As found appropriate for analyzing the cross-section dependency and multiple structural breaks, we perform Panel KPSS test to analyze the cash conversion cycles of seven manufacturing firms in Istanbul Stock Exchange (ISE) between the years of 1990 and 2009. In this study we find that cash conversion cycles to be stationary for all the sub-sectors regarding with constant and trend model as well as for the whole of the sample. Regarding the constant model we find the same inclination for the whole of the sample and all the sub-sectors except for main metal sector. In sum, it is arguable that fluctuating originates from the sector’s itself while macroeconomic structure is temporal. Besides, working capital level is reverting at a specific mean, implying that there exist working capital policies as well as optimal working capital levels.    

Keywords:Working Capital, Cash Conversion Cycle, Mean Reverting, Panel Unit Root Tests, Panel KPSS Test

JEL Classification:G31, G32

The goal of this study is to test the cost stickiness for some firms in Istanbul Stock Exchange (ISE) by panel data analysis. The study is based on 2023 observations of 119 firms whose stocks were in process uninterruptedly in the period of 1995-2011 in ISE. As a result of the study, it is proven that proportional increase in sales resulted in proportional increase in costs to some extent, but proportional decrease in sales resulted in less proportional decrease in costs when compared to the case hereinabove. Thus, it is argued that the relationship between sales and costs is not linear for the firms analyzed. To put another way, cost stickiness is valid for the whole costs modeled in current term but it is valid for the costs of the sales in consecutive periods.

Keywords:Managerial accounting, cost behavior, cost asymmetry, cost stickiness

JEL Classification:M41, M49

The aim of this study is to estimate the extent of exchange rate exposure of textile and leather firms listed in Borsa Istanbul (BIST), and determine why some firms are exposed highly and the others are not.  GARCH analysis was used to find the total exposure of these firms between 2005-2011. All the firms in the sample were exposed to foreign exchange exposure at least twice in the analysis period. Approximately 40% of firms in the sample were affected by the fluctuations in values of both US Dollar and Euro in each year between 2005-2011. For Dollar exposure, we found that there were no statistically significant differences between exposed and unexposed firms in terms of the share of foreign sales and foreign assets, currency position and firm size. However in terms of Euro exposure, the results of t-tests showed that firms that were exposed significantly to Euro have higher percentages of foreign sales over total sales, higher foreign assets over foreign liabilities and also higher foreign assets over foreign liabilities ratio.

Keywords:Exchange rate exposure, currency risk, textile and leather industry, GARCH analysis

JEL Classification:F31, G00