Makale – Page 12 – BUSINESS AND ECONOMICS RESEARCH JOURNAL

Category: Makale

The Marshall-Lerner Condition in the Fragile Five Economies: Evidence from the ARDL Bounds Test Approach

Posted on Saturday October 16th, 2021Sunday October 17th, 2021 by editor

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	The Marshall-Lerner Condition in the Fragile Five Economies: Evidence from the ARDL Bounds Test Approach
Author(s):	Ayrton J. C. Amaral, Marthinus C. Breitenbach
Volume:	12
Number:	4
Year:	2021
Page:	731-750
ISSN:	2619-9491
DOI Number:	10.20409/berj.2021.349

Abstract

This paper evaluates the Marshall-Lerner condition in the fragile five economies of Brazil, India, Indonesia, South Africa, and Turkey and, in the process, offers an indication of whether the evaluation of this condition is subject to the limitations that have previously been identified in the literature. This research is novel as it studies a set of countries known as the fragile five, often overlooked in the literature. The ARDL Bounds methodology is used to estimate separate export and import demand equations. Results of the study show little evidence supporting the validity of the Marshall-Lerner condition in these five countries. All the models, except for those relating to Turkey, show signs of underlying issues such as model misspecification. The results imply that future empirical work on the Marshall-Lerner condition, particularly work centred on the fragile five, would likely need to address these underlying empirical issues in order to produce more consistent results.

Keywords:

Marshall-Lerner Condition, Fragile Five, ARDL Bounds Test, Trade Elasticities, Emerging Markets

JEL Classification:

F32, C22, C50

Full Text ( ↓ 4735)

Informal Value Transfer System as Terrorism Financing and Money Laundering Tool: The Case of Hawala

Posted on Wednesday August 18th, 2021Sunday October 17th, 2021 by admin

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	Informal Value Transfer System as Terrorism Financing and Money Laundering Tool: The Case of Hawala
Author(s):	Ali Yurdakul
Volume:	12
Number:	4
Year:	2021
Page:	829-841
ISSN:	2619-9491
DOI Number:	10.20409/berj.2021.348

Abstract

Terrorism has grown tremendously in the last few decades and has become a serious threat to international peace and security. Determining the financial transactions of criminal and terrorist organizations is an important activity for the fight against terrorism. The study aims to clarify the use of informal value transfer systems and the measures that can be taken in the financing of terrorism and money laundering. The findings of this study are as follows; Following the terrorist events of September 11, 2001, informal value transfer systems came under pressure to regulate and control. Hawala, an alternative traditional remittance method often used by immigrant families to transfer money, has been found to be vulnerable to abuse by criminal organizations and terrorist groups. While making arrangements for the informal value transfer system, it is important that the service provision to those who use these systems is maintained without interruption. For this reason, it has been concluded that it is important to synchronize economic factors, development, prevention of crime and terrorist use in regulations for informal value transfer systems.

Keywords:

Terrorism, Terrorism Financing, Money Laundering, Hawala, FATF, Control of Financial Flows

JEL Classification:

E26, H56, O17, F55

Full Text ( ↓ 5076)

An Overview of Compulsive Buying Behavior

Posted on Wednesday July 21st, 2021Saturday July 24th, 2021 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	An Overview of Compulsive Buying Behavior
Author(s):	Asena Gizem Yigit, Bekir Govdere
Volume:	12
Number:	3
Year:	2021
Page:	717-730
ISSN:	2619-9491
DOI Number:	10.20409/berj.2021.347

Abstract

Compulsive buying behavior is the consumption made by individuals to alleviate the tension experienced in situations such as anxiety, mood disorders, depression, and stress. In here, what is important for the individual is the feeling of pleasure in the purchasing process rather than obtaining any product or service. Although compulsive consumers experience a short-term relief with the buying process, they then face a feeling of regret. However, later they face a feeling of regret. In addition, this behavior, which causes great financial problems, causes not only economic problems but also social and family problems. In particular, there are opinions that the constantly changing life conditions, digitalization, internet use, sales and marketing strategies of companies, and credit opportunities feed this behavior. In this study, it is aimed to better understand compulsive purchasing behavior and to grasp the importance of its socio-economic dimension. For this purpose, a detailed literature review was made and the characteristics, causes, demography, prevalence and consequences of compulsive buying behavior in societies were emphasized. Compulsive buying studies does not have a very long history, and most of the work done in the field has been framed by the clinical field. This situation caused the socio-economic dimension of the studies to lag behind. In this sense, the study is expected to contribute to both academic and social fields.

Keywords:

Compulsive Buying, Compulsive Consumption, Behavioral Economics, Compulsive Consumer, Excessive Consumption Behavior

JEL Classification:

D11, D91

Full Text ( ↓ 2156)

The Role of Brand Personality in the Relationship Between Social Media Marketing Activities and Purchase Intention: A Literature Research

Posted on Wednesday July 21st, 2021Saturday July 24th, 2021 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	The Role of Brand Personality in the Relationship Between Social Media Marketing Activities and Purchase Intention: A Literature Research
Author(s):	Mustafa Seckin Salvarli, Burak Kartal
Volume:	12
Number:	3
Year:	2021
Page:	705-716
ISSN:	2619-9491
DOI Number:	10.20409/berj.2021.346

Abstract

The developments in the digital world have changed the strategy followed by companies in dealing with changes in the business environment. Therefore, the way marketers touchpoints with the customer, the resources, and the methods they use to attract or retain the customer have changed. These changes essentially required developing relationships that would enable the customer to understand the needs, characteristics, ideas, relationship patterns, and problems in the virtual world. Thanks to the relationships that have been developed, it has begun to be understood the purchasing intentions of the consumers and the factors they attach importance to the purchasing phase. Based on the literature review, this study examines the effects of social media marketing activities, which have many different advantages besides their benefits in establishing relationships with customers, and brand personality on consumers’ intention to purchase the relevant brand. With this study, the need to examine the possible mediating effect of brand personality on the relationship between social media marketing activities and the consumer’s purchase intention is emphasized, and it is aimed to be a source of motivation for conducting studies on this subject.

Keywords:

Social Media, Social Media Marketing Activities, Brand, Brand Personality, Consumer Purchase Intention

JEL Classification:

M30, M31

Full Text ( ↓ 1588)

The Effects of Social Marketing Activities on Purchasing Behaviour

Posted on Wednesday July 21st, 2021Saturday July 24th, 2021 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	The Effects of Social Marketing Activities on Purchasing Behaviour
Author(s):	Suleyman Can Yildirir
Volume:	12
Number:	3
Year:	2021
Page:	685-703
ISSN:	2619-9491
DOI Number:	10.20409/berj.2021.345

Abstract

Social problems have been monitored closely by almost all countries since the middle of the 20th century. Regarding the subject, the regulations of the countries and institutions, as well as the perspective of the people, have pushed the enterprises to create systems for social issues in their activities. The aim of this study is to examine the effects of enterprises’ social marketing activities on attitudes, buying intentions, and behaviors of consumers. In addition, it is aimed to determine whether there is a difference between the attitudes of consumers towards social marketing activities according to their demographic characteristics. The convenience sampling method was used for the selection of samples. 383 data were obtained and structural equation modeling was used for analysis. Results of the study show that consumers prefer the companies which make social benefits, also they prefer the firms which disseminate these activities via the mass medium. Likewise, consumers who have participated in the study said that they might pay more to the products and firms that make social benefits than the other same quality and cheaper products.

Keywords:

Social marketing, Attitude, Intention, Behavior, Consumer

JEL Classification:

M30, M31

Full Text ( ↓ 1403)

An Examination of Football Fans on the Basis of Customer Loyalty and Consumer Behavior

Posted on Wednesday July 21st, 2021Saturday July 24th, 2021 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	An Examination of Football Fans on the Basis of Customer Loyalty and Consumer Behavior
Author(s):	Merve Simsek, Eyup Akin
Volume:	12
Number:	3
Year:	2021
Page:	669-684
ISSN:	2619-9491
DOI Number:	10.20409/berj.2021.344

Abstract

Fans’ expenditures are one of the most important income items of sports clubs. In addition to socio-demographic factors, the connection that fans establish with their teams can also be effective in this expenditure. From a sports marketing perspective, it is important to focus on the influence of fan loyalty and advocacy in spending for the team. In this study, it was examined whether different types of fans, fan loyalty, and the socio-demographic characteristics of the fans have effects on the spending for the team. The research was carried out in two stages. In the first stage, data were obtained from a group of 50 people in order to determine the different types of supporters, the types of financial support provided and, if not, the reasons for this. The information obtained from this preliminary study was used in the main survey form prepared later. To measure the loyalty of the fans, scales in Mahony, Madrigal and Howard (2000), Bobalca, Gătej and Ciobanu (2012), El-Manstrly and Harrison (2013), and Tachis and Tzetzis (2015) were used. Data were obtained from a sample of 533 people using the convenience sampling method. According to the results of the regression analysis, it was observed that these variables were effective in some of the expenditures made for the team, but not in others.

Keywords:

Sports Marketing, Customer Loyalty, Consumer Behavior, Football, Fans

JEL Classification:

M31, L83

Full Text ( ↓ 1476)

Online Resolution of Tax Disputes: An Assessment on The Turkish Tax Judiciary System

Posted on Wednesday July 21st, 2021Saturday July 24th, 2021 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	Online Resolution of Tax Disputes: An Assessment on The Turkish Tax Judiciary System
Author(s):	Mine Binis
Volume:	12
Number:	3
Year:	2021
Page:	653-667
ISSN:	2619-9491
DOI Number:	10.20409/berj.2021.343

Abstract

A dispute is a conflict that occurs between at least two parties in terms of existence, functioning and results of any legal relationship. The structure of these disputes, which are likely to be experienced in all areas, has varied depending on the widespread use of the internet and developments in information technologies. This alteration has generated differences in the nature of the disputes and its resolution. Together with the participation of the technology as “the fourth party” in resolution of the disputes a change movement has emerged. This transformation has led to the idea of including online solutions in dispute resolution systems. Online resolution way is a method aiming to resolve the disputes fast, simple and less costly via internet. The study aims to evaluate the application areas of online resolutions and to consider the availability of incorporating online dispute resolution ways into the dispute resolution system for resolving tax disputes in the judicial process in Turkey. From this point, evaluations have been made on the theory, country practices, existing legal regulations, and judgement principles. As a result of these evaluations, it has been concluded that the online resolution of disputes is partially implemented in Turkey and e-ADR, which have application areas in civil law proceedings, can also be applied in tax proceedings with the necessary legal regulations.

Keywords:

Online Dispute Resolution (ODR), Electronic Alternative Dispute Resolutions (e-ADR), Tax Dispute, Tax Judgement

JEL Classification:

K30, K34, K41, 033

Full Text ( ↓ 1411)

The Effect of Working Capital Financing Strategies on Firm Profitability: An Application on Borsa Istanbul Manufacturing Firms

Posted on Wednesday July 21st, 2021Saturday July 24th, 2021 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	The Effect of Working Capital Financing Strategies on Firm Profitability: An Application on Borsa Istanbul Manufacturing Firms
Author(s):	Ersin Timur, Turhan Korkmaz
Volume:	12
Number:	3
Year:	2021
Page:	629-652
ISSN:	2619-9491
DOI Number:	10.20409/berj.2021.342

Abstract

Working capital management is among the most important issues of financial management, which includes investment and financing decisions for current assets. Working capital is an important area that business management, especially financial managers, should work on meticulously in order to fulfill the daily activities of a business without interruption and to ensure the continuity of business activities. In this context, it is of great importance for businesses to be managed with an effective working capital so that they can continue their activities without interruption, increase their profitability by reducing the risk and reach the targeted vision. However, the adoption and implementation of the optimal financing strategy for businesses significantly affects the efficiency and profitability in the management of current assets. In this study, it is aimed to investigate the relationship between working capital financing strategies and firm profitability. In addition, the factors affecting working capital management were tried to be determined. For this purpose, the financial data of the firms traded in the Borsa Istanbul (BIST) Manufacturing sector for the 2010-2019 periods were obtained. Selected data were tested econometrically with panel data analysis. The empirical findings obtained as a result of the study were analyzed, and as a result of the analysis, it was concluded that the factors affecting the profitability of companies following balanced financing strategy, conservative financing strategy, and aggressive financing strategy affect differently.

Keywords:

Working Capital Management, Working Capital Financing Strategies, Profitability, Borsa Istanbul

JEL Classification:

C33, G32, L25

Full Text ( ↓ 2618)

The Effects of Universities on Local Economy: The Case Study of Bursa Uludag University

Posted on Tuesday July 20th, 2021Saturday July 24th, 2021 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	The Effects of Universities on Local Economy: The Case Study of Bursa Uludag University
Author(s):	Volkan Gursel, Cem Okan Tuncel, Serdar Geldimyradov
Volume:	12
Number:	3
Year:	2021
Page:	613-627
ISSN:	2619-9491
DOI Number:	10.20409/berj.2021.341

Abstract

Universities have a positive influence on the cities not only in terms of cultural and social aspects but also in economic aspects. Due to students’ expenditures, universities make a contribution to urban economic growth in the cities where they located. The main goal of this study is to investigate the direct, indirect, and induced effects of Bursa Uludag University on the Bursa economy. In this study, the information compiled from spending units of the university, and data gathering from 381 students of Bursa Uludag University are used. According to data analyzing results, Bursa Uludag University created a total of 1.21 billion Turkish Lira (TL) direct and indirect income, and 13,870 direct and indirect employment in the Bursa economy in 2018. As a result, induced income effect and induced employment effect of Bursa Uludag University are estimated as 2.57 billion TL and 21,227 employees respectively.

Keywords:

Urban Economy, Bursa Economy, University, Students’ Expenditure, Economic Impact

JEL Classification:

I23, O10

Full Text ( ↓ 1373)

Asymmetric Effect of Oil Price and Exchange Rate on Food Prices: The Case of Turkey

Posted on Tuesday July 20th, 2021Saturday July 24th, 2021 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	Asymmetric Effect of Oil Price and Exchange Rate on Food Prices: The Case of Turkey
Author(s):	Cem Gokce
Volume:	12
Number:	3
Year:	2021
Page:	599-611
ISSN:	2619-9491
DOI Number:	10.20409/berj.2021.340

Abstract

One of the obstacles to economic stability is high inflation. Food inflation can be considered among the determining factors of inflation. In this context, the study aims to examine the effect of oil prices and exchange rates on food prices. In the study, NARDL (Non-Linear Autoregressive Distributed Lag) method was applied to predict that oil prices and exchange rates may have an asymmetric effect on food prices. Monthly data from January 2010 to December 2019 were used in the study. The main results achieved were realized within the framework of expectations. The results show that oil prices and exchange rates are in an asymmetrical relationship with food prices in the long run. In the short term, an asymmetrical relationship was not detected. Also, when the long-term coefficients are analyzed, it is seen that positive changes in oil prices and exchange rates are statistically significant. Positive changes in oil price and exchange rate affect the dependent variable in the same direction. If oil prices increase by 1 U.S. Dollar, the food price index increases by 0.30 units, and when the U.S. Dollar rate increases by 1 TL (Turkish Lira), the food price index increases by 16.6 units. As a policy recommendation within the framework of these results, precautions should be taken to reduce the pass-through of positive shocks in oil prices and exchange rates to food prices.

Keywords:

Oil Prices, Exchange Rates, Food Prices, NARDL Model, Asymmetry

JEL Classification:

E31, Q11, Q31, Q43

Full Text ( ↓ 1555)