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A Research on the Exchange Rate Exposure of Firms Listed in Borsa Istanbul

A Research on the Exchange Rate Exposure of Firms Listed in Borsa Istanbul

Makale Bilgileri
Dergi:İşletme ve Ekonomi Araştırmaları Dergisi
Makalenin Başlığı: A Research on the Exchange Rate Exposure of Firms Listed in Borsa Istanbul
Yazar(lar):Dilek Demirhan, Ege Üniversitesi, İşletme Bölümü [email protected]
Aydanur Gacener Atış, Ege Üniversitesi, İktisat Bölümü [email protected]
Cilt:4
Sayı:4
Yıl:2013
Sayfa: 25-35
ISSN:1309-2448
Özet

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.

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

JEL Sınıflandırması: F31, G00

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Assessing the Twin Deficits Hypothesis in Selected OECD Countries: An Empirical Investigation

Assessing the Twin Deficits Hypothesis in Selected OECD Countries: An Empirical Investigation

Article Information

Journal:
Business and Economics Research Journal
Title of Article:Assessing the Twin Deficits Hypothesis in Selected OECD Countries: An Empirical Investigation
Author(s):Mehmet Nargelecekenler, Uludag University, Faculty of Economics and Administration Sciences, [email protected]
Filiz Giray, Uludag University, Faculty of Economics and Administration Sciences, [email protected]
Volume: 4
Number: 4
Year: 2013
Page:1-23
ISSN:1309-2448
Abstract

The improvement of budget deficits and current account deficits has renewed the debate over the twin deficits hypothesis. This paper examines the validity of the twin deficits hypothesis in nine members of the Organizations for Economic Co-operation and Development (OECD) over the period 1990-2007. We use recently developed panel cointegration tests with structural breaks to assess the relationship between budget deficits and current account deficits. The empirical findings in this paper are as follows: (1) There is a long-run relationship between budget deficits and current account deficits for these countries; (2) The empirical result is consistent with the Keynesian proposition.

Keywords:Twin deficits, panel unit root, structural breaks, panel cointegration

JEL Classification:C23, E6, F4

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Assessing the Twin Deficits Hypothesis in Selected OECD Countries: An Empirical Investigation

Assessing the Twin Deficits Hypothesis in Selected OECD Countries: An Empirical Investigation

Makale Bilgileri

Dergi:
İşletme ve Ekonomi Araştırmaları Dergisi
Makalenin Başlığı: Assessing the Twin Deficits Hypothesis in Selected OECD Countries: An Empirical Investigation
Yazar(lar): Mehmet Nargeleçekenler,Uludağ Üniversitesi,İktisadi ve İdari Bilimler Fakültesi, [email protected]
Filiz Giray, Uludağ Üniversitesi,İktisadi ve İdari Bilimler Fakültesi , [email protected]
Cilt:4
Sayı:4
Yıl:2013
Sayfa: 1-23
ISSN:1309-2448
Özet

The improvement of budget deficits and current account deficits has renewed the debate over the twin deficits hypothesis. This paper examines the validity of the twin deficits hypothesis in nine members of the Organizations for Economic Co-operation and Development (OECD) over the period 1990-2007. We use recently developed panel cointegration tests with structural breaks to assess the relationship between budget deficits and current account deficits. The empirical findings in this paper are as follows: (1) There is a long-run relationship between budget deficits and current account deficits for these countries; (2) The empirical result is consistent with the Keynesian proposition.

Anahtar Kelimeler: Twin deficits, panel unit root, structural breaks, panel cointegration

JEL Sınıflandırması: C23, E6, F4

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Consumer Perceptions of Education-Based Corporate Social Responsibility Campaigns

Consumer Perceptions of Education-Based Corporate Social Responsibility Campaigns

Article Information
Journal: Business and Economics Research Journal
Title of Article: Consumer Perceptions of Education-Based Corporate Social Responsibility Campaigns
Author(s): Berrin Onaran, Ahmet Uyar, Ali Avan
Volume: 4
Number: 3
Year: 2013
Page: 131-157
ISSN: 1309-2448
Abstract

The main purpose of this study is to evaluate education supported corporate social responsibility campaigns from customers’ point of view. Within this scope, corporate social responsibility notion has been explained and especially education based social responsibility campaigns have been evaluated. The population of the study was constituted from the undergraduate students which study in Afyon Kocatepe University. The survey implementation was conducted through 451 participants, which is above the threshold (limit) value of the sample determined in the research, which was n=384. Data obtained in the research were analyzed by using frequency-percentage distribution, arithmetical average and standard deviation values. By using varimax rotation and principal components method, confirming factor analysis was applied in order to determine the representation level of expressions about considerations aimed at social responsibility campaigns supporting education. For statistical comparison of participants’ opinions and their demographic characteristics, independent measurements “t-test” and “Analysis of Variance (ANOVA)” were used. According to the results, customers thought that socially responsible firms’ basic aims are to gain new customers and to enhance their image. However, consumers tend to support these attempts anyhow.

Keywords: Social Marketing, Corporate Social Responsibility, Corporate Social Performance, Consumer Behavior.

JEL Classification: M14, M31

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Eğitim Destekli Kurumsal Sosyal Sorumluluk Kampanyalarına Yönelik Tüketici Algılamaları

Eğitim Destekli Kurumsal Sosyal Sorumluluk Kampanyalarına Yönelik Tüketici Algılamaları

Makale Bilgileri
Dergi: İşletme ve Ekonomi Araştırmaları Dergisi
Makalenin Başlığı: Eğitim Destekli Kurumsal Sosyal Sorumluluk Kampanyalarına Yönelik Tüketici Algılamaları
Yazar(lar): Berrin Onaran, Ahmet Uyar, Ali Avan
Cilt: 4
Sayı: 3
Yıl: 2013
Sayfa: 131-157
ISSN: 1309-2448
Özet

Bu çalışmanın amacı, eğitim destekli kurumsal sosyal sorumluluk kampanyalarının tüketici bakış açısıyla değerlendirilmesidir. Bu amaç doğrultusunda çalışmada kurumsal sosyal sorumluluk kavramı açıklanmakta ve özellikle eğitimle ilgili yapılan sosyal sorumluluk kampanyaları değerlendirilmektedir. Araştırmanın evrenini Afyon Kocatepe Üniversitesinde öğrenim gören önlisans, lisans ve yüksek lisans düzeyindeki öğrenciler oluşturmaktadır. Anket formu, örneklemin tüm gruplar için eşik (sınır) değeri olan n=384 sayısının üzerine çıkılarak 451 kişiye uygulanmıştır. Anket yöntemiyle toplanan veriler, frekans-yüzde analiziyle değerlendirilmiş, katılımcıların konuya ilişkin görüşleri ile demografik özelliklerinin karşılaştırılmasında ilişkisiz ölçümler için “t-testi” ve “Varyans (ANOVA) Analizi”nden yararlanılmıştır. Araştırmada elde edilen sonuçlara göre, tüketiciler Kurumsal Sosyal Sorumluluk faaliyetleri yürüten işletmelerin amacının müşteri kazanmak ve imajlarını yükseltmek olduğunu düşünmektedirler. Bununla birlikte; işletmelerin amacı ne olursa olsun tüketiciler bu faaliyetleri destekleme eğilimindedir.

Anahtar Kelimeler: Sosyal Pazarlama, Kurumsal Sosyal Sorumluluk, Kurumsal Sosyal Performans, Tüketici Davranışları

JEL Sınıflandırması: M14, M31

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Evaluation of Business Administration Students’ Religiosity Levels and Ethical Intentions in the Context of Marketing Ethics

Evaluation of Business Administration Students’ Religiosity Levels and Ethical Intentions in the Context of Marketing Ethics

Article Information
Journal: Business and Economics Research Journal
Title of Article: Evaluation of Business Administration Students’ Religiosity Levels and Ethical Intentions in the Context of Marketing Ethics
Author(s): Volkan Ozbek, Gokhan Ozer, Kenan Aydin
Volume: 4
Number: 3
Year: 2013
Page: 111-129
ISSN: 1309-2448
Abstract

The aim of this research is to investigate possible relationships between religiosity levels, personal moral philosophies, ethical perceptions and intentions of associate’s and bachelor’s degree students. Therefore, a survey was conducted on 189 business administration students chosen through convenience sampling at Balıkesir University. In order to measure the respondents’ levels of religiosity and personal moral philosophies, some scales with established validity and reliability in literature were used. Religiosity variable was analyzed both uni- and multi-dimensionally to make a deeper analysis with multidimensional scales. To assess perceived ethical problem and ethical intentions variable, one question for each was developed with scenario method. Structural Equation Model was used in data analysis. The proposed model was composed of seven hypotheses. Religiosity level was independent variable in four of them. In the structure where religiosity variable was used uni-dimensionally, three of the hypotheses were accepted while one of them was rejected. On the other hand, in multidimensional construct three of the hypotheses were partly accepted whereas one of them was rejected. Regarding the three hypotheses without religiosity variable, perceived ethical problem was detected to have a relationship with ethical intentions; nevertheless, no relationship was found between personal moral philosophies (idealism and relativism) and perceived ethical problem.

Keywords: Marketing ethics, religiosity, personal moral philosophies, perceived ethical problem, and ethical intentions.

JEL Classification: M14, M31

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İşletme Öğrencilerinin Dindarlık Düzeyleri ve Etik Niyetlerinin Pazarlama Etiği Bağlamında Değerlendirilmesi

İşletme Öğrencilerinin Dindarlık Düzeyleri ve Etik Niyetlerinin Pazarlama Etiği Bağlamında Değerlendirilmesi

Makale Bilgileri
Dergi: İşletme ve Ekonomi Araştırmaları Dergisi
Makalenin Başlığı: İşletme Öğrencilerinin Dindarlık Düzeyleri ve Etik Niyetlerinin Pazarlama Etiği Bağlamında Değerlendirilmesi
Yazar(lar): Volkan Özbek, Gökhan Özer, Kenan Aydın
Cilt: 4
Sayı: 3
Yıl: 2013
Sayfa: 111-129
ISSN: 1309-2448
Özet

Bu araştırmanın amacı, ön lisans ve lisans düzeyinde işletme bölümünde öğrenim gören öğrencilerin dindarlık düzeyleri, kişisel ahlak felsefeleri, etik algıları ve niyetleri arasındaki olası ilişkileri tespit etmektir. Bu amaca ulaşmak için Balıkesir Üniversitesinde öğrenim gören işletme öğrencileri arasından kolayda örnekleme yöntemi ile belirlenen 189 öğrenci üzerinde bir uygulama gerçekleştirilmiştir. Cevaplayıcıların dindarlık ve kişisel ahlak felsefeleri düzeyini ölçmek amacıyla literatürde güvenilirliği ve geçerliliği kanıtlanmış bazı ölçeklerden yararlanılmıştır. Çok boyutlu ölçeklerle derinlemesine analiz yapabilmek amacıyla dindarlık değişkeni hem tek boyutlu, hem de çok boyutlu olarak analiz edilmiştir. Algılanan etik problem ve etik niyetler değişkenini ölçmek amacıyla senaryo tekniğine bağlı olarak geliştirilen birer soru kullanılmıştır. Araştırma verilerinin analizinde yapısal eşitlik modeli kullanılmıştır. Ön görülen model, yedi hipotezden oluşmaktadır. Hipotezlerden dördünde, dindarlık düzeyi bağımsız değişken olarak kullanılmaktadır. Dindarlık değişkeninin tek boyutlu olarak kullanıldığı yapıda dört hipotezden üçü kabul, biri reddedilmiştir. Çok boyutlu yapıda ise, hipotezlerin üçü kısmi olarak kabul edilirken biri reddedilmiştir. Dindarlık değişkeninin yer almadığı diğer üç hipotezde, algılanan etik problem ile etik niyetler arasında ilişki bulunurken, kişisel ahlak felsefeleri (idealizm ve rölativizm) ile algılanan etik problem arasında ilişki bulunamamıştır.

Anahtar Kelimeler: Pazarlama etiği, dindarlık, kişisel ahlak felsefeleri, algılanan etik problem, etik niyetler.

JEL Sınıflandırması: M14, M31

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Effect of Organizational Climate to Professional Commitment Development of Intern Workers

Effect of Organizational Climate to Professional Commitment Development of Intern Workers

Article Information
Journal: Business and Economics Research Journal
Title of Article: Effect of Organizational Climate to Professional Commitment Development of Intern Workers
Author(s): H.Tezcan Uysal
Volume: 4
Number: 3
Year: 2013
Page: 93-110
ISSN: 1309-2448
Abstract

Intern worker is a personal who receives education in an educational institution and maintains his/her development under an enterprice to improve his/her professional ability and experience. For these workers, whose professional developments proceed, organizational climate is a guiding factor for the development of professional commitment. The purpose of this study is exhibition of that what the effects of organizational climate on the development of intern workers’ professional commitment is. Depending on this purpose, a study was performed about on 317 workers. In the study, seven hypotheses, one main and six subtype hypotheses, was created by identifying professional commitment with the five factor under the organizational climate. As a result of correlational and regressional analyses about the hypotheses, a significant relationship was obtained between the development of intern workers’ professional commitment and each one of all the dimensions of organizational climate’s trust-respect, the manner of leader, satisfaction, communication and the perspective of support. As a result of Mann-Whitney U Test, it was obtained that there is no relationship between the development of intern workers’ professional commitment and their graduated high schools. According to findings, the development of intern workers’ professional commitment is mostly affected by property of “Satisfaction”.

Keywords: Intern Worker, Professional Commitment, Organizational Climate, Dimensions of Climate, Organizational Structure.

JEL Classification: M10, M12, M53

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Stajyer Çalışanların Mesleki Bağlılık Gelişimine Örgüt İkliminin Etkisi

Stajyer Çalışanların Mesleki Bağlılık Gelişimine Örgüt İkliminin Etkisi

Makale Bilgileri
Dergi: İşletme ve Ekonomi Araştırmaları Dergisi
Makalenin Başlığı: Stajyer Çalışanların Mesleki Bağlılık Gelişimine Örgüt İkliminin Etkisi
Yazar(lar): H.Tezcan Uysal
Cilt: 4
Sayı: 3
Yıl: 2013
Sayfa: 93-110
ISSN: 1309-2448
Özet

Stajyer çalışan, eğitim kurumunda öğrenim gören, mesleki beceri ve tecrübesini arttırmak üzere bir işletme bünyesinde gelişimini devam ettiren personeldir. Bireysel gelişimi henüz devam etmekte olan bu çalışanlar için örgüt iklimi, mesleki bağlılık gelişimine yön verici bir faktördür. Bu çalışmanın amacı, stajyer çalışanların mesleki bağlılık gelişimine örgüt ikliminin etkisini ortaya koymaktır. Bu amaca bağlı olarak, 317 çalışana yönelik bir araştırma gerçekleştirilmiştir. Araştırmada, örgüt iklimi altındaki beş faktör mesleki bağlılık ile ilişkilendirilerek bir ana ve altı alt olmak üzere toplam yedi hipotez oluşturulmuştur. Hipotezlere yönelik yapılan korelasyon ve regresyon analizleri sonucunda, örgüt ikliminin güven-saygı, liderin tutumu, tatmin olma, iletişim ve destek algısı boyutlarının her biri ile stajyer çalışanların mesleki bağlılık gelişimi arasında anlamlı bir ilişki bulunmuştur. Yapılan Mann-Whitney U Testi sonucunda ise stajyer çalışanların mesleki bağlılık gelişimlerinin mezun oldukları lise türüne göre farklılık göstermediği saptanmıştır. Elde edilen bulgulara göre stajyer çalışanların mesleki bağlılık gelişimine en fazla etkiyi “Tatmin Olma” boyutu yapmaktadır.

Anahtar Kelimeler: Stajyer Çalışan, Mesleki Bağlılık, Örgüt İklimi, İklim Boyutları, Örgütsel Yapı.

JEL Sınıflandırması: M10, M12, M53

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Strategic Management Approaches Preference in Turkish Industry: A Research on ISO 1000 Firms

Strategic Management Approaches Preference in Turkish Industry: A Research on ISO 1000 Firms

Article Information
Journal: Business and Economics Research Journal
Title of Article: Strategic Management Approaches Preference in Turkish Industry: A Research on ISO 1000 Firms
Author(s): Yucel Erol, Ali Riza Ince, Mehtap Aras
Volume: 4
Number: 3
Year: 2013
Page: 75-92
ISSN: 1309-2448
Abstract

Positioning school approach that gives prominence to the effect of positioning and environmental powers in industry and resource-based approach that emphasize the importance of firm’s resource, capabilities and competences are two basic approaches that express firms’ performance differences in strategic management field. Which one of these basic approaches will be chosen occupies an important place in strategic management subjects. Purpose of this study is to reveal preferences of managers and accordingly firms about strategic management approaches in branch of Turkish industry and to determine whether positioning school approach or resource-based approach is efficient and predominant in success of firms from the viewpoints of managers. The research was carried out upon the first 500 big industrial enterprises and second 500 big industrial enterprises carrying on their business in industrial sector in Turkey as published by Istanbul Chamber of Industry (ISO). As a result of the analysis of the acquired data, it has been precipitated that in Turkey, managers of the biggest 1000 industrial enterprises, accordingly firms, adopt positioning school approach.

Keywords: Strategic Management, Strategic Management Approaches, Positioning School Approach, Resource-Based Approach

JEL Classification: D21, D22, M10

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