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Level of Accommodation Enterprises in Using Modern Financing Techniques: A Study on Managers of 4 and 5 Star Hotels Operating in Alanya

Posted on Tuesday September 15th, 2015Wednesday September 16th, 2015 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	Level of Accommodation Enterprises in Using Modern Financing Techniques: A Study on Managers of 4 and 5 Star Hotels Operating in Alanya
Author(s):	Mehmet Akif Öncü, İstemi Çömlekçi, Çiğdem Mutlu, Emre Zengin
Volume:	6
Number:	3
Year:	2015
Page:	19-32
ISSN:	1309-2448

Abstract

The purpose of this study is to determine the levels of use of the modern financing techniques by the managers of accommodation enterprises which have a high-level financing requirement within the tourism industry. Four- and five-star accommodation enterprises which provide services in Alanya were determined to be the population of study. Survey technique was used as the data collection method. As a result of the study, it was found that the accommodation enterprises choose the financial leasing among the modern financing techniques, and the trade banks among the financial institutions. In addition, another result achieved by the study is that the economic expectations of the accommodation enterprises regarding these techniques increase, as their awareness on modern financing techniques is raised.

Keywords:

Accommodation enterprises, financing techniques, leasing, risk capital, factoring, forfaiting, barter

JEL Classification:

L83, G22

Full Text

Level of Accommodation Enterprises in Using Modern Financing Techniques: A Study on Managers of 4 and 5 Star Hotels Operating in Alanya-tr

Posted on Tuesday September 15th, 2015 by

Makale Bilgileri

Dergi:	İşletme ve Ekonomi Araştırmaları Dergisi
Makalenin Başlığı:	Level of Accommodation Enterprises in Using Modern Financing Techniques: A Study on Managers of 4 and 5 Star Hotels Operating in Alanya
Yazar(lar):	Mehmet Akif Öncü, İstemi Çömlekçi, Çiğdem Mutlu, Emre Zengin
Cilt:	6
Sayı:	3
Yıl:	2015
Sayfa:	19-32
ISSN:	1309-2448

Öz

Anahtar Kelimeler:

Accommodation enterprises, financing techniques, leasing, risk capital, factoring, forfaiting, barter

JEL Sınıflandırması:

L83, G22

Full Text

Intraday Lead-Lag Relationship between Stock Index and Stock Index Futures Markets: Evidence from Turkey

Posted on Tuesday September 15th, 2015Thursday January 14th, 2016 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	Intraday Lead-Lag Relationship between Stock Index and Stock Index Futures Markets: Evidence from Turkey
Author(s):	Ersan Ersoy, Levent Çıtak
Volume:	6
Number:	3
Year:	2015
Page:	1-18
ISSN:	1309-2448

Abstract

In perfectly frictionless and rational markets, spot markets and futures markets should simultaneously reflect new information. However, due to market imperfections, one of these markets may reflect information faster than the other and therefore may lead to the other. This study examines the lead-lag relationship between stock index and stock index futures, in terms of both price and volatility, by using 5 minute data over 2007-2010 period. The findings of this study indicate that a stable long-term relationship between Turkish stock index and stock index futures exists, however stock index futures do not lead stock index and there is a two way interaction between them. Therefore neither of the markets is dominant over the other one in the price formation process.

Keywords:

Lead-Lag relationship, price discovery, volatility relationship

JEL Classification:

G13, G14, G15

Full Text

Intraday Lead-Lag Relationship between Stock Index and Stock Index Futures Markets: Evidence from Turkey-tr

Posted on Tuesday September 15th, 2015Thursday January 14th, 2016 by

Makale Bilgileri

Dergi:	İşletme ve Ekonomi Araştırmaları Dergisi
Makalenin Başlığı:	Intraday Lead-Lag Relationship between Stock Index and Stock Index Futures Markets: Evidence from Turkey
Yazar(lar):	Ersan Ersoy, Levent Çıtak
Cilt:	6
Sayı:	3
Yıl:	2015
Sayfa:	1-18
ISSN:	1309-2448

Öz

Anahtar Kelimeler:

Lead-Lag relationship, price discovery, volatility relationship

JEL Sınıflandırması:

G13, G14, G15

Full Text

BERJ Volume:6 Number:2 2015

Posted on Saturday April 18th, 2015Saturday April 18th, 2015 by

Volume: 6 | Number: 2 | Year: 2015

ISSN: 1309-2448

Kapak [Cover Page] İç Kapak [Inside Cover] İçindekiler [Table of Contents]

Big Five Personality Traits and Organizational Dissent: The Moderating Role of Organizational Climate

Ayse Begum Oktem, Tuna Cenkci

Öz [Abstract]

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The Importance of Safety in Construction Sector: Costs of Occupational Accidents in Construction Sites

Fatih Yilmaz, Ugur Bugra Celebi

Öz [Abstract]

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Fight Against Tax Competition in the EU and the Effects of Tax Policies Implemented in the EU During the 2008 Global Financial Crisis on Tax Competition

Erdal Eroglu

Öz [Abstract]

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Obezite Vergisine İlişkin Halkın Düşünceleri: Türkiye’de Bir Alan Araştırması
(Public Opinions in Obesity Tax: A Field Research in Turkey)

Yasar Ayyildiz, Yunus Demirli

Öz [Abstract]

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Göreli Yoksunluk ve Bölgeler Arası Göçler: Türkiye Örneği
(Relative Deprivation and Inter-regional Migration: The Turkish Case)

Pinar Narin Emirhan

Öz [Abstract]

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The Fiscal Costs of Banking Intervention in the Eurozone

Derya Yilmaz, Dilek Murat

Öz [Abstract]

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Muhasebe Eğitiminde Etik: Ön Lisans Öğrencilerinin Etik Algılarına Yönelik Bir Araştırma
(Ethics on Accounting Education: A Research of Ethics Perception on Vocational High Schools Students)

Gonul Ipek Alkan

Öz [Abstract]

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Türkiye’de Yatırımcıların Öngörü Performanslarının Rassal Yürüyüş Modeli Çerçevesinde Analizi
(Analysis of Forecasting Performance of Investors in Turkey Within Framework of the Random Walk Model)

Banu Tanriover, Duygu Arslanturk Collu

Öz [Abstract]

Full Text

Türkiye’deki A Grubu Seyahat Acentalarının Tercih Sıralamasının PROMETHEE Yöntemi ile Belirlenmesi
(The Determination of Preference Ranking of A Group Travel Agencies in Turkey with PROMETHEE Method)

Hasan Uygurturk, Turhan Korkmaz

Öz [Abstract]

Full Text

The Determination of Preference Ranking of A Group Travel Agencies in Turkey with PROMETHEE Method

Posted on Saturday April 18th, 2015 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	The Determination of Preference Ranking of A Group Travel Agencies in Turkey with PROMETHEE Method
Author(s):	Hasan Uygurtürk, Turhan Korkmaz
Volume:	6
Number:	2
Year:	2015
Page:	141-155
ISSN:	1309-2448

Abstract

Travel agencies are the main actors of the tourism industry. Many touristic customers are involved in tourism activities benefiting from the services provided by the travel agencies. Travel agencies play an important role in advising them to make decisions and agencies also are being an information source for customers. In addition, travel agencies contribute the improvement of alternatives for touristic customers by improving continually their product and services. There are three different travel agency groups in Turkey. These groups are A group, B group and C group travel agencies. A-Group travel agencies are in the first place in terms of diversity of functions and economic size. A very large part of the travel agencies in Turkey is A group agencies. An excessive number of travel agencies make complicated the selection of agency for the touristic customers. This study aimed at evaluating the A group travel agencies operating in Turkey and presenting a choice of suggestion for potential touristic customers. For this purpose PROMETHEE method is used in analysis process. According to the results of the findings an order of preference for touristic customers is determined.

Keywords:

Tourism industry, A group travel agency, preference functions, PROMETHEE, GAIA plane

JEL Classification:

C44, L83

Full Text

Türkiye’deki A Grubu Seyahat Acentalarının Tercih Sıralamasının PROMETHEE Yöntemi ile Belirlenmesi

Posted on Saturday April 18th, 2015 by

Makale Bilgileri

Dergi:	İşletme ve Ekonomi Araştırmaları Dergisi
Makalenin Başlığı:	Türkiye’deki A Grubu Seyahat Acentalarının Tercih Sıralamasının PROMETHEE Yöntemi ile Belirlenmesi
Yazar(lar):	Hasan Uygurtürk, Turhan Korkmaz
Cilt:	6
Sayı:	2
Yıl:	2015
Sayfa:	141-155
ISSN:	1309-2448

Öz

Seyahat acentaları turizm sektörünün temel unsurlarındandır. Birçok turistik tüketici seyahat acentalarının sunmuş oldukları hizmetlerden yararlanarak turizm faaliyetlerine katılmaktadır. Seyahat acentaları turistik tüketiciler için bilgi kaynağı olmakla birlikte onlara tavsiyelerde bulunarak karar almalarında önemli bir rol üstlenmektedirler. Ayrıca seyahat acentaları, sundukları ürün ve hizmetleri sürekli olarak geliştirerek turistik tüketicilere yönelik alternatiflerin arttırılmasına katkı sağlamaktadırlar. Türkiye’de üç farklı seyahat acentası grubu bulunmaktadır. Bunlar A grubu, B grubu ve C grubu seyahat acentalarıdır. Fonksiyonlarının çeşitliliği ve ekonomik büyüklükleri açısından A grubu seyahat acentaları ilk sırada yer almaktadır. Türkiye’deki seyahat acentalarının çok büyük bir kısmını A grubu acentalar oluşturmaktadır. Seyahat acentası sayısının çok fazla olması turistik tüketicilerin acenta seçimini zorlaştırmaktadır. Bu çalışmada Türkiye’de faaliyet gösteren A grubu seyahat acentalarının belirli kriterlere göre değerlendirilerek potansiyel turistik tüketiciler açısından bir tercih önerisinin sunulması amaçlanmıştır. Bu amaç doğrultusunda tercih sıralamasının oluşturulmasında PROMETHEE yöntemi kullanılmıştır. Analiz sonucunda elde edilen bulgulara göre turistik tüketiciler için bir tercih sıralaması belirlenmiştir.

Anahtar Kelimeler:

Turizm sektörü, A grubu seyahat acentası, tercih fonksiyonları, PROMETHEE, GAIA düzlemi

JEL Sınıflandırması:

C44, L83

Full Text

Analysis of Forecasting Performance of Investors in Turkey Within Framework of the Random Walk Model

Posted on Saturday April 18th, 2015 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	Analysis of Forecasting Performance of Investors in Turkey Within Framework of the Random Walk Model
Author(s):	Banu Tanrıöver, Duygu Arslantürk Çöllü
Volume:	6
Number:	2
Year:	2015
Page:	127-139
ISSN:	1309-2448

Abstract

The purpose of this study is to test the weak form efficiency within framework of the random walk model by using price movements of BIST-100 Index and to evaluate forecasting performance of investors in Turkish stock market. Whether investors can earn excess returns or not has been decided with determination of whether the stock price movements and expectations of investors follow a random walk or not at the period of 1990:01-2014:06 in Turkey. Firstly for this purpose, the randomness of price movements of BIST-100 Index has been tested by using Ljung-Box and LM analysis. The second assumption of random walk model, randomness of expectations of investor and each of information entering market has been analysed with BDS test. Empirical evidences show that investors in Turkish capital market can forecast by using historical stock price movements, investors can have all information which is likely to affect the stock price in advance, and investors can earn excess returns by taking decisions based on this information.

Keywords:

Random walk model, weak-form efficiency, autocorrelation analysis, BDS test

JEL Classification:

C12, C22, C58, G14

Full Text

Türkiye’de Yatırımcıların Öngörü Performanslarının Rassal Yürüyüş Modeli Çerçevesinde Analizi

Posted on Saturday April 18th, 2015 by

Makale Bilgileri

Dergi:	İşletme ve Ekonomi Araştırmaları Dergisi
Makalenin Başlığı:	Türkiye’de Yatırımcıların Öngörü Performanslarının Rassal Yürüyüş Modeli Çerçevesinde Analizi
Yazar(lar):	Banu Tanrıöver, Duygu Arslantürk Çöllü
Cilt:	6
Sayı:	2
Yıl:	2015
Sayfa:	127-139
ISSN:	1309-2448

Öz

Bu çalışmada BIST-100 endeksine ilişkin fiyat hareketlerinin rassal yürüyüş modeli çerçevesinde zayıf formda etkinliğinin sınanması ve bu yolla Türkiye’deki hisse senedi piyasasındaki yatırımcıların öngörü performanslarının değerlendirilmesi amaçlanmıştır. Türkiye’deki 1990:01-2014:06 dönemine ait hisse senedi fiyat hareketlerinin ve yatırımcı beklentilerinin rassal yürüyüş izleyip izlemediğinin belirlenerek, hisse senedi piyasasındaki yatırımcıların normalin üzerinde kar elde edebilmelerinin mümkün olup olmadığı ortaya konulmuştur. Bu amaçla öncelikle BIST-100 endeksine ilişkin fiyat hareketleri değişkeninin rassallığı Ljung-Box ve LM analizleri yardımıyla test edilmiştir. Rassal yürüyüşün ikinci varsayımı olan yatırımcı beklentilerinin ve piyasaya giren her bir bilginin rassallığı ise BDS testi ile analiz edilmiştir. Türk sermaye piyasasındaki yatırımcıların geçmiş dönemdeki fiyat hareketlerini kullanarak geleceğe yönelik öngörü yapmalarının mümkün olduğu, yatırımcıların piyasaya girmesi muhtemel olan bilgiye önceden sahip olabildiği ve bu bilgiye göre yatırım kararı alarak ortalamanın üzerinde bir getiri elde edebildiği yönünde bulgulara ulaşılmıştır.

Anahtar Kelimeler:

Rassal yürüyüş modeli, zayıf formda piyasa etkinliği, otokorelasyon analizi, BDS testi

JEL Sınıflandırması:

C12, C22, C58, G14

Full Text

Ethics on Accounting Education: A Research of Ethics Perception on Vocational High Schools Students

Posted on Saturday April 18th, 2015 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	Ethics on Accounting Education: A Research of Ethics Perception on Vocational High Schools Students
Author(s):	Gönül İpek Alkan
Volume:	6
Number:	2
Year:	2015
Page:	113-125
ISSN:	1309-2448

Abstract

Ethical behavior of the accountants is important to maintain the public confidence. The objective of this study is to determine the ethical values of accounting students according to some variables. 724 students joined the research Project. Research were asked by survey technic. The Ethical Perception levels of the students were determined by applying them the research data Mann-Whitney U and Kruskal-Wallis techniques. The level of 0,05 was determined statistically in the findings. According to the results, there is a meaningful difference at the Ethical Judgement levels of the students according to some variables. According the research results levels of ethical perceptions of female students higher than male students. Ethical perceptions are affected by the level of income. The family income level increases ethical perception is decreasing. Father’s education does not affect students’ perception of ethics but mother education affects student’s perception of ethics. The mother education increases ethical perception is decreasing.

Keywords:

Ethics, professional ethics, accounting professional ethics, accounting education, perception of ethics

JEL Classification:

M41, M53

Full Text