Manuscript2 – Page 14 – BUSINESS AND ECONOMICS RESEARCH JOURNAL

Category: Manuscript2

A Systematic Review and Critical Evaluation of Methodology Sections of CEO Narcissism Research

Posted on Monday April 26th, 2021Tuesday April 27th, 2021 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	A Systematic Review and Critical Evaluation of Methodology Sections of CEO Narcissism Research
Author(s):	Halit Keskin, Selahaddin Samil Fidan
Volume:	12
Number:	2
Year:	2021
Page:	399-417
ISSN:	2619-9491
DOI Number:	10.20409/berj.2021.329

Abstract

The aim of this study is to systematically review and critically evaluate the methodology sections of CEO (chief executive officer) narcissism research. We evaluated the advantages and disadvantages of measurement tools used in CEO narcissism research. We systematically examined 55 CEO narcissism articles scanned within the scope of Web of Science in terms of country, industry, journal, data sources, measurement tools, and additional validity tests. According to the results of the study, CEO narcissism studies were mostly carried out by collecting data from the United States companies. No study was found in the field of education, health, and law. Small and medium sized firms were rarely focused. 32 studies out of 55 studies used the CEO narcissism index. A standard process in the use of measurement tools was low. All studies have postulated CEO narcissism as a general and invariant tendency. Of the 32 studies using the CEO narcissism index, only 10 studies performed additional validity analysis. 7 studies out of 9 studies using third-party evaluations were found to perform additional validity analysis. No qualitative research design has been found.

Keywords:

CEO Narcissism, Methodology, Measurement Tools, Validation Tests

JEL Classification:

M10, M12, M19

Full Text ( ↓ 1273)

Relationship between Individual Characteristics and Social Entrepreneurial Intention: Evidence from Bangladesh

Posted on Monday April 26th, 2021Tuesday April 27th, 2021 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	Relationship between Individual Characteristics and Social Entrepreneurial Intention: Evidence from Bangladesh
Author(s):	Md. Uzzal Hossain
Volume:	12
Number:	2
Year:	2021
Page:	385-397
ISSN:	2619-9491
DOI Number:	10.20409/berj.2021.328

Abstract

Taking the theory of planned behavior as a basis, this study investigates the role of individual characteristics on social entrepreneurial intention (SEI). More specifically, this study has examined the impact of risk-taking tendency, locus of control, self-efficacy, empathy, and prior experience on the inclination process to become a social entrepreneur. Using systematic random sampling, data were collected from 336 Bangladeshi university students with an average age of 23. The survey was conducted based on a structured questionnaire consisting of 20 items. Correlation analysis and multiple regression analysis were conducted to test the relationship among variables and check the hypotheses. The results showed significant positive relationships among variables, and self-efficacy, locus of control, risk-taking propensity, prior experience, and empathy significantly influenced students’ intention to be future social entrepreneurs. The current study contributes to the social entrepreneurship literature by incorporating risk-taking tendency and locus of control to SEI research and validating previous findings in the Bangladeshi context. The research outcome may facilitate academicians to create a psychological support system for students that can promote social entrepreneurship in Bangladesh.

Keywords:

Social Entrepreneurial Intention, Locus of Control, Self-Efficacy, Empathy, Risk Taking

JEL Classification:

L31, L20

Full Text ( ↓ 1849)

An Exploratory Study on Information Behavior of Human Resources Managers

Posted on Monday April 26th, 2021Tuesday April 27th, 2021 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	An Exploratory Study on Information Behavior of Human Resources Managers
Author(s):	Sevim Oztimurlenk
Volume:	12
Number:	2
Year:	2021
Page:	369-383
ISSN:	2619-9491
DOI Number:	10.20409/berj.2021.327

Abstract

This is an exploratory study on information behavior of human resources (HR) managers in Turkey which investigates what kind of information sources they consult and review and whom they prefer to communicate with for information sharing. This user study is based on empirical data collected via a questionnaire survey 140 HR managers who are from the members of People Management Association of Turkey (PERYON) and semi-structured interview from 15 HR managers participated in the survey. The results show that HR mangers in Turkey usually consult to applicant documents, job descriptions, people, and e-mails but they rarely review social media, e-mails and internal memos when making HR related decisions. Moreover, they prefer to share information with their supervisors more often than with their colleagues and subordinates. This study also concluded that age and industry type are the two factors that make a difference on information behavior of HR managers in terms of information source, use and share.

Keywords:

Human Resources Managers, Information Behavior, Information Source, Information Use, Information Share

JEL Classification:

L20, M12

Full Text ( ↓ 1536)

Beta Herding in the Covid-19 Era: Evidence from Borsa Istanbul

Posted on Monday April 26th, 2021Tuesday April 27th, 2021 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	Beta Herding in the Covid-19 Era: Evidence from Borsa Istanbul
Author(s):	Hilal H. Erdogan
Volume:	12
Number:	2
Year:	2021
Page:	359-368
ISSN:	2619-9491
DOI Number:	10.20409/berj.2021.326

Abstract

The study aims to examine beta herding in the Covid-19 era in Borsa Istanbul. Herding was analyzed based on the state-space model utilizing cross-sectional volatility of beta coefficients between January 2010 and November 2020. The results provided evidence of herding in Borsa Istanbul. In case of beta herding, this model provides to detect whether herding is intentional or spurious, as well. Within this context, market volatility, market return, size, and value factors of the Fama-French model were included in the analysis. Accordingly, intentional herding was found in Borsa Istanbul and investors tend to herd more, particularly under the global pandemic of Covid-19.

Keywords:

Herd Behavior, Covid-19, Cross-Sectional Volatility, Beta Coefficient, Borsa Istanbul

JEL Classification:

G01, G10, G41

Full Text ( ↓ 1457)

Long-Run Price and Operating Performance of Initial Public Offerings in Borsa Istanbul

Posted on Monday April 26th, 2021Tuesday April 27th, 2021 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	Long-Run Price and Operating Performance of Initial Public Offerings in Borsa Istanbul
Author(s):	S. Burcu Avci
Volume:	12
Number:	2
Year:	2021
Page:	339-358
ISSN:	2619-9491
DOI Number:	10.20409/berj.2021.325

Abstract

This study investigates long-run price and operating performance of initial public offerings (IPOs) in Borsa Istanbul. The sample period of the analysis is between 2010 and 2019. Various findings are obtained by employing several analytical methods. First, long-run price performance of IPOs is negative. Evidence shows that large issues are likely to have relatively higher long-run returns than smaller issues. On the other hand, if an issue is made in a hot-issue period, it is likely to have relatively more severe underperformance in the long-term. Second, long-run operating performance is also negative. Third, the relationship between long-run abnormal price performance and operating performance is significantly negative when asset efficiency or return on equity are used as a measure of operating performance. The higher the issuing company’s asset efficiency or equity efficiency is, more likely it is to have a severe abnormal price underperformance in their post-IPO years. This finding is weaker for return on equity, the explanatory power of return on equity may be seized by capital increase ratio in some model specifications. These results together support “windows of opportunity” theory of price and operating performance of IPOs.

Keywords:

Price Performance, Buy-and-Hold Abnormal Returns, Wealth Relatives, Operational Performance, Windows of Opportunity

JEL Classification:

G11, G14, G32

Full Text ( ↓ 2475)

Analysis of the Relationships between Social Development Index Dimensions with Somers’ D-Based DEMATEL Method

Posted on Monday April 26th, 2021Tuesday April 27th, 2021 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	Analysis of the Relationships between Social Development Index Dimensions with Somers’ D-Based DEMATEL Method
Author(s):	Furkan Fahri Altintas
Volume:	12
Number:	2
Year:	2021
Page:	319-338
ISSN:	2619-9491
DOI Number:	10.20409/berj.2021.324

Abstract

Complementary activities of the dimensions and components that make up the Social Development Index (SPI) of the countries can cause the social development performances of the countries to increase. In this context, the relational structure between the SPI dimensions within the scope of the SPI component values of the European Union countries for 2020 was examined. According to the findings, it was determined that the SPI dimension, which contributes the most to the relational structure in question and has the most relational density value with the most affected in the relational structure, is “opportunities”. Thus, it was evaluated that the ” opportunities ” dimension had more cause and effect features in relational structure compared to other dimensions. According to another finding, in the relational structure, the “accommodation” component was found to have the “affecting” and the other 11 components “affected”. In addition, it has been observed that the difference between the influence and the influence values of the “basic human needs” dimension components is less than the components of the other dimensions. Therefore, in the relational structure, it was concluded that the ” basic human needs ” dimension is closer to the influencing quality compared to other dimensions according to its own relational capacity, and the functionality of being an independent variable has priority.

Keywords:

Social Development, Social Development Index, Somer’s d, DEMATEL

JEL Classification:

C44, C60, I00

Full Text ( ↓ 1730)

The Impact of Human Development on Economic Growth: An Application on Transition Economies

Posted on Monday April 26th, 2021Tuesday April 27th, 2021 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	The Impact of Human Development on Economic Growth: An Application on Transition Economies
Author(s):	Gokhan Akar, Tufan Saritas, Oktay Kizilkaya
Volume:	12
Number:	2
Year:	2021
Page:	307-318
ISSN:	2619-9491
DOI Number:	10.20409/berj.2021.323

Abstract

Human development is defined as the process of accessing resources necessary for a healthy and good level of life of individuals. A country’s level of human development is measured by the Human Development Index, which is used as a summary measure of health, education, and income indicators representing three dimensions of human well-being. Human development, which is an important factor in measuring human well-being, is also considered an important input in economic growth. The aim of this study is to analyze the effect of human development on economic growth using the panel data from 25 transition economy countries for the period 2002-2018. In the study, two different models were established on which the economic growth series depended. In the first model, only human development series is the independent variable. In the empirical findings obtained, it was found that economic growth increased as human development increased. In the second model, the unemployment series with human development are independent variables. In the second model findings, it is understood that economic growth increases as human development increases, similar to the first model. In addition, an inverse relationship between unemployment and economic growth has been identified in this model.

Keywords:

Transition Economies, Human Development, Human Development Index, Economic Growth, Panel Data Analysis

JEL Classification:

O15, C23

Full Text ( ↓ 2665)

Risk-Taking Channel of Monetary Policy in Turkey: New Asymmetric Evidences from Threshold FAVAR

Posted on Monday April 26th, 2021Tuesday April 27th, 2021 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	Risk-Taking Channel of Monetary Policy in Turkey: New Asymmetric Evidences from Threshold FAVAR
Author(s):	Ugur Akkoc, Onder Ozgur
Volume:	12
Number:	2
Year:	2021
Page:	287-305
ISSN:	2619-9491
DOI Number:	10.20409/berj.2021.322

Abstract

Risk taking channel of monetary policy claims that interest rate reductions have an impact on the economy via risk taking behaviour of banks. This study investigates the effectiveness of the risk-taking channel in Turkey using a Threshold FAVAR (T-FAVAR) model. The main aim of the study is to examine whether there is a change in the risk perception of banks in the low interest regime and thereby low policy rates lead to financial instability. We aim to contribute to the relevant literature by analyzing the risk-taking channel in two different regimes, determined by high and low interest rates. In this context, this study uses quarterly data for 19 Turkish commercial banks for the time period between 2003: Q1 and 2019: Q2. We conclude that the risk-taking channel is fairly strong in Turkish economy after 2003. Interest rate reductions and exchange rate shocks cause financial instability, and these effects are stronger in the high interest rate regime.

Keywords:

Monetary Policy, Risk-Taking Channel, T-FAVAR, Impulse-Response Functions

JEL Classification:

C32, E52, G21

Full Text ( ↓ 1619)

The Effect of Household Debt on Economic Growth in European Union: When is Household Debt “Too Much”?

Posted on Monday April 26th, 2021Tuesday April 27th, 2021 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	The Effect of Household Debt on Economic Growth in European Union: When is Household Debt “Too Much”?
Author(s):	Zuhal Kurul
Volume:	12
Number:	2
Year:	2021
Page:	269-285
ISSN:	2619-9491
DOI Number:	10.20409/berj.2021.321

Abstract

This paper attempts to answer two questions by considering household debt developments in European Union over two decades. First, does the rise of household debt in European Union weaken economic growth? Second, if higher household debt weakens economic growth, when does it happen? In this study, we employ a dynamic panel threshold analysis by using data from 27 European Union countries over the period of 2005-2018. The findings reveal that the relationship between household debt and economic growth is nonlinear and the impact of household debt on economic growth is positive until the ratio of household debt in GDP reaches the level of 62%. However, the impact of household debt becomes negative once that threshold is exceeded. This study also examines the impact of household debt on consumption and the evidence shows that the higher levels of household debt crowd out consumption. The overall results of this study underline the critical role of household debt on economic growth and the risks of high indebtedness.

Keywords:

European Union, Household Debt, Economic Growth, Consumption Growth, Dynamic Panel Threshold Model

JEL Classification:

E21, E44, G51, C23

Full Text ( ↓ 1651)

The Assessment of Trade Globalization, Trade Openness, and Distribution Through Income Inequality: An Examination in Terms of OECD Countries

Posted on Monday April 26th, 2021Tuesday April 27th, 2021 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	The Assessment of Trade Globalization, Trade Openness, and Distribution Through Income Inequality: An Examination in Terms of OECD Countries
Author(s):	Onur Ozdemir, Emrah Dogan
Volume:	12
Number:	2
Year:	2021
Page:	245-268
ISSN:	2619-9491
DOI Number:	10.20409/berj.2021.320

Abstract

This study examines the effects of trade globalization and trade openness on income inequality within the framework of OECD countries for the period 1980-2016. The empirical findings acquired in the context of baseline analysis show that both trade variables increase income inequality within the specified period. At a more specific level, the real trade openness variable, which is formed by adjusting from the price changes, is also included into the models in which its relationship with the income inequality is negative and highly statistically significant. In the robustness test analyses that include additional explanatory variables supporting the baseline results, both trade openness and trade globalization variables have negative effects on income inequality. The economic logic behind the findings of the study is that the negative changes in the labor market should be considered as the main cause of the negativities behind the basic variables used in the analysis. In other words, the decrease in the bargaining power of labor increases the income inequality at the household level by increasing the share of capital accruing from the national income.

Keywords:

Income Inequality, Trade Globalization, Trade Openness, Distribution, Bargaining Power

JEL Classification:

D33, F4, F60

Full Text ( ↓ 1730)