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Smart Organizations from Organizational Intelligence Perspective

Posted on Tuesday October 20th, 2020Tuesday October 27th, 2020 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	Smart Organizations from Organizational Intelligence Perspective
Author(s):	Halit Keskin, Dilek Balak
Volume:	11
Number:	4
Year:	2020
Page:	1083-1096
ISSN:	2619-9491
DOI Number:	10.20409/berj.2020.300

Abstract

Based on the individual intelligence literature, the conceptualization of organizational intelligence and the idea that organizational intelligence has a central role in the building of smart organizations has been the starting point of the study. Organizational intelligence refers to the capability that the organizations can both perform their daily routine activities and make decisions about unexpected situations in the dynamic global environment. Thus, organizations that can use this potential are defined as smart organizations. In this study, considering the effects of organizational intelligence on decision making, this study provides a conceptual framework which shows the central role of organizational intelligence on the construction of smart organizations. This research also discusses how organizational intelligence can create smart organizations that learn to manage information wisely. In this context, a literature review was made on organizational intelligence and smart organizations, the relationship between organizational intelligence and smart organizations was examined and future directions for upcoming studies were provided.

Keywords:

Intelligence, Organizational Intelligence, Smart Organizations

JEL Classification:

M10, M19

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The Role of Materialism and Hedonic Consumption on Compulsive Buying Tendency: A Study on Female Consumers Buying Actual Products

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Article Information

Journal:	Business and Economics Research Journal
Title of Article:	The Role of Materialism and Hedonic Consumption on Compulsive Buying Tendency: A Study on Female Consumers Buying Actual Products
Author(s):	Emine Senbabaoglu Danaci
Volume:	11
Number:	4
Year:	2020
Page:	1069-1081
ISSN:	2619-9491
DOI Number:	10.20409/berj.2020.299

Abstract

Today’s consumers tend towards consumption through different motivations for different purposes. Observing that the consumers acting in line with their emotions are increasing day by day, increases the importance of the factors examined within the scope of the study. With this study, research was conducted on female consumers who purchase actual products. “Actual products” are product groups in different categories and brands that are periodically offered for sale in a limited number of days, determined for one or two days a week. Researches were done from a very limited number of marketing perspectives regarding the product group in question. However, it is an area with a very high demand and known to have a high market share. The aim of this study is to examine the effect of materialism and hedonic consumption tendency of female consumers buying actual products on compulsive buying tendency. Within the scope of the research, data were collected from 395 female consumers who were reached by convenience sampling method, using the survey technique. As a result of the study in which SPSS and SmartPLS package programs were used in the analysis of the data, it was found that the materialism and hedonic consumption tendency of female consumers who purchased actual products had a positive effect on the compulsive buying tendency.

Keywords:

Compulsive Buying Tendency, Materialism, Hedonic Consumption Tendency, Actual Product

JEL Classification:

M10, M31, C12

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An Empirical Research on the Relationship Between Innovation and Logistics Dimensions

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Article Information

Journal:	Business and Economics Research Journal
Title of Article:	An Empirical Research on the Relationship Between Innovation and Logistics Dimensions
Author(s):	Furkan Fahri Altintas
Volume:	11
Number:	4
Year:	2020
Page:	1049-1067
ISSN:	2619-9491
DOI Number:	10.20409/berj.2020.298

Abstract

When countries evaluate innovation and logistics as a whole and carry out activities to complement each other, countries will be able to specialize in the field of innovation and logistics and, accordingly, ensure the development of innovation and logistics dimensions globally. In this context, in research, the relations between the innovation and logistics dimensions within the scope of the global innovation and logistics performance values of G-7 countries, which have more than half of the global wealth in the world and have a certain economic development and size, were evaluated in multi-dimensional terms. According to the findings, it is determined that there is a significant, positive, and very high-level relationship between innovation and logistics dimensions. The fact that the relationship between innovation and logistics is very high has been evaluated as one of the factors or reasons that G7 countries have economic size, development, and global wealth. Again, according to the findings, it was concluded that the innovation dimension contributed more to the relationship between innovation and logistics dimension than the logistics dimension. Therefore, it is considered that these countries place more importance on the innovation dimension in ensuring the relationship between innovation and logistics dimensions.

Keywords:

Innovation, Logistics, Global Innovation Index, Logistics Performance Index, Relationship

JEL Classification:

O50, O30, L87

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The Share of Municipality-Owned Enterprises in Local Public Procurement and Their Effectiveness: An Example of Bursa Metropolitan Municipality

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Article Information

Journal:	Business and Economics Research Journal
Title of Article:	The Share of Municipality-Owned Enterprises in Local Public Procurement and Their Effectiveness: An Example of Bursa Metropolitan Municipality
Author(s):	Erdal Eroglu
Volume:	11
Number:	4
Year:	2020
Page:	1035-1048
ISSN:	2619-9491
DOI Number:	10.20409/berj.2020.297

Abstract

Factors such as urbanization, population growth, and localization have increased the demand for services of municipalities. With the increasing demand for services, the role of municipal economic enterprises established within the municipality has become important in the realization of service delivery. While the expenditures of the municipalities increased with the services provided by the municipality, there was no increase in the revenues of the municipality in the same direction. This situation brought up the problem of financing in municipalities. The main issue in solving the financing problem is the efficient use of resources. One of the important ways that municipalities, which have become an important buyer in the private market, will use in the efficient use of resources is to make public procurements transparent and competitive. The purpose of this study, which examines the shares of municipal economic enterprises in local public procurements through Bursa Metropolitan Municipality sample, is to reveal whether competition and equal treatment has been carried out in municipal tenders. In this context, the public procurements made by the Bursa Metropolitan Municipality between the years 2010-2020 from the electronic public procurement platform were examined and the competition conditions were analyzed in the tenders participated by the municipal economic enterprises. Results achieved in the study show that Bursa Metropolitan Municipality has an important share in municipal economic enterprises in public procurements and does not comply with the principles of competition and equal treatment of the municipality.

Keywords:

Municipality, Municipality-Owned Enterprises, Public Procurement, Competition, Effectiveness

JEL Classification:

H57, H70, H76

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The Problem of Institutionalization of Capital in the Ottoman Manufacturing Industry: An Evaluation on Bursa Silk Sector

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Article Information

Journal:	Business and Economics Research Journal
Title of Article:	The Problem of Institutionalization of Capital in the Ottoman Manufacturing Industry: An Evaluation on Bursa Silk Sector
Author(s):	Ozgur Teoman, Cumali Bozpinar
Volume:	11
Number:	4
Year:	2020
Page:	1013-1033
ISSN:	2619-9491
DOI Number:	10.20409/berj.2020.296

Abstract

The debate on transition to capitalism in the Ottoman Empire continues. In this study, the role of capital in the development of capitalist relations in the Ottoman Empire in the absence of an institutional credit mechanism was investigated through the incorporation practice. For this purpose, the XIXth century Bursa silk sector case was analysed. This is because it is the most integrated among the Ottoman Empire sectors with the European markets. This quality of the sector has enabled the comparison of Western Europe with the Ottoman Empire in terms of industrial capitalism. For making the comparison, Western European company history, secondary sources and studies on the subject were examined. In this context, the political, religious, and socioeconomic features that were effective on the emergence and development of institutional organizations in the Ottoman Empire were taken into consideration. Depending on the characteristics in question, it was understood that the capitalist transformation was realized through formal and tacit agreements of usurer-foreign/minority merchant-bureaucrat cooperation in Bursa silk sector, differently from the corporation in Western Europe, even at the point of raw material-intermediate production. However, the capitalist transformation was not observed in the manufacture of final products and other textiles, and that then loss of employment and production appeared in these branches of activity as a result of the complete incorporation of the Empire into the center-periphery relationship with the Act of Port of Treaty of 1838 signed with Britain.

Keywords:

Corporatization, Bursa, Silk, Usurer, Deindustrialization

JEL Classification:

N65, N95

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Innovation Generation Capacity of Turkey According to the Triple Helix Approach

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Article Information

Journal:	Business and Economics Research Journal
Title of Article:	Innovation Generation Capacity of Turkey According to the Triple Helix Approach
Author(s):	Nilcan Mert, Sibel Cengiz
Volume:	11
Number:	4
Year:	2020
Page:	1001-1012
ISSN:	2619-9491
DOI Number:	10.20409/berj.2020.295

Abstract

The Triple Helix Innovation Approach Model, based on university-industry-government cooperation, was first proposed by Etzkowitz (1983) and was developed by Leydesdorff in 1995. Triple Helix Innovation Approach Model in the information age is based on the cooperation of universities, industry and government to develop innovation. For this reason, it focuses on the need for a compulsory and strong communication between the university, industry and government. This model is thought to be the key to improving conditions for innovation, where university-industry and government interaction. In this study, innovation capacities in Turkey’s technology systems were examined in the framework of the Triple Helix Innovation Model. The Bounds test approach was used in the study, which used R&D expenditures, number of patents, government incentives and number of scientific articles covering the period 1991-2017. The results showed that there was a statistically significant and long-term positive relationship between high technology exports with number of patents, and negative relationship between R&D expenditures. In addition, a positive but statistically insignificant relationship was found between the number of government subsidies and scientific articles and high technology exports. The results of the error correction analysis showed that there is a short-run relationship between high technology exports and variables. Results indicate that the Triple Helix approach is invalid for Turkey in the analysis period.

Keywords:

Triple Helix Innovation Approach Model, Innovation, Bounds Test

JEL Classification:

O21, O31, C32

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Analysis of the Relationship between Household and Real Sector Expectations in Turkey

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Article Information

Journal:	Business and Economics Research Journal
Title of Article:	Analysis of the Relationship between Household and Real Sector Expectations in Turkey
Author(s):	Necmettin Alpay Kocak
Volume:	11
Number:	4
Year:	2020
Page:	989-1000
ISSN:	2619-9491
DOI Number:	10.20409/berj.2020.294

Abstract

The relationship between household and real sector expectations and economic indicators has been frequently discussed in the literature. On the contrary, the existence and dimensions of the relationship between household expectations and real sector expectations are investigated between the sub-indices of Consumer Confidence Index (CCI) and the Real Sector Confidence Index (BCI) in this study. Unlike the literature, the DCC-GARCH method, which estimates time-varying (dynamic) conditional correlations, is used in this study for the period between January 2007-April 2020. Another difference of the study from the literature is that it tries to measure the effects of the USD/TL exchange rate and the COVID-19 outbreak on the dynamic relationship by panel data analysis. The findings revealed that the relationship between CCI and BCI sub-indices do exists in a general manner and there is a statistically significant relationship between the CCI sub-indices which represent the household expectations regarding the general economy and unemployment, and the BCI sub-indices which represent the real sector expectations regarding the general course of the economy and order amounts. The panel data analysis findings indicate that the USD/TL exchange rate adversely affects the relationship between CCI and BCI sub-indices, whereas the COVID-19 outbreak does not affect the relationship.

Keywords:

Consumer Confidence Index, Reel Sector Confidence Index, Dynamic Conditional Correlation, Exchange Rate, COVID-19

JEL Classification:

C32, C53, E31, E37

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Analysis of Determinants of Credit Growth with Time-Varying Causality Test in Turkey

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Article Information

Journal:	Business and Economics Research Journal
Title of Article:	Analysis of Determinants of Credit Growth with Time-Varying Causality Test in Turkey
Author(s):	Taner Sekmen, Seher Gulsah Topuz
Volume:	11
Number:	4
Year:	2020
Page:	969-988
ISSN:	2619-9491
DOI Number:	10.20409/berj.2020.293

Abstract

Although credit growth has been the main driver of financial development and economic growth in recent years, the factors affecting credit growth cannot be said to be sufficiently understood. This study examines which economic factors determine credit growth, which is an important part of the financial system in Turkey. Econometric estimates for the 2006Q1-2019Q4 period are based on Toda and Yamamoto (1995) and Hacker and Hatemi-J (2006) causality tests. However, our approach takes into account the time-varying causality. In addition to the variables related to the banking sector, the variables representing the country’s macro-economic and monetary policy conditions, and foreign demand and global liquidity conditions are examined as determinants of credit growth. It is determined that GDP growth rate and inflation rate, which are among macroeconomic variables, lead credit growth, but less frequently causality relationship is from public debt to credit growth. Regarding monetary policy, causality from money supply to credit growth is more uncertain than Central Bank of the Republic of Turkey (CBRT) interest rates. Similarly, periodic causality relationships are observed from the variables of US federal funds, capital inflows, and exchange rates, which represent foreign demand and global liquidity conditions, to credit growth. These findings clearly show that causal relationships between credit growth and its determinants are time-varying. Therefore, it is revealed that policies towards the stability of credit growth require a dynamic design.

Keywords:

Credit Growth, Financial System, Banking Sector, Time Varying Causality, Turkey

JEL Classification:

C13, E40, E51

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The Role of Share Prices on Monetary Policy: The Case of OECD Countries

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Article Information

Journal:	Business and Economics Research Journal
Title of Article:	The Role of Share Prices on Monetary Policy: The Case of OECD Countries
Author(s):	Gulcin Tapsin
Volume:	11
Number:	4
Year:	2020
Page:	953-968
ISSN:	2619-9491
DOI Number:	10.20409/berj.2020.292

Abstract

The recovery in asset prices during 2000’s accompanied by quick growth and the recession caused by global financial crisis increased the interest in asset prices’ role on macroeconomic fluctuations and hence monetary policy. In the relevant literature, it is seen that the studies analyzing the response of the monetary policies to the asset prices focus mostly on policy rules of the industrialized countries. In addition, most of the financial crises throughout the world happened in the developing economies that were open to international capital flows. The main focus of this article is to analyze the response of monetary policy to share price movements for the purpose of differentiating the developed and developing countries. Within the scope of this study, the effect of share price changes, market capitalization and interaction on short-term interest rates was researched for OECD countries for the period of 2000-2019 by means of System-GMM method. The results showed that the effect of share prices on short-term interest rates in the developed countries with high market capitalization was higher than the effect of those in the developing countries with asset lower market capitalization. The study also demonstrated that the effect of inflation deficit on short-term interest rate was positive and significant while unemployment had negative and significant effect on short-term interest rate.

Keywords:

Share Prices, Monetary Policy, Inflation Deficit, GMM Model

JEL Classification:

C22, E32, E52, E31, E01

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The Impact of US Monetary Policy Announcements on Equity Prices: Evidence from Borsa Istanbul

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Article Information

Journal:	Business and Economics Research Journal
Title of Article:	The Impact of US Monetary Policy Announcements on Equity Prices: Evidence from Borsa Istanbul
Author(s):	Deniz Ikizlerli, Haluk Yener, Burak Alparslan Eroglu
Volume:	11
Number:	4
Year:	2020
Page:	939-952
ISSN:	2619-9491
DOI Number:	10.20409/berj.2020.291

Abstract

This study examines the effect of FOMC’s (Federal Open Market Committee) announcements on the volatility of stock returns in the Borsa Istanbul (BIST) from January 4, 2000 to May 31, 2019. We find that FOMC’s news increases the market level of volatility on announcement days but cannot find any evidence that it had a destabilizing effect on the Turkish stock market over our observation period. We also look at the effect of FOMC’s news on the return volatility of the BIST100 index over different states of the stock market and find that FOMC’s announcement days give a lift to conditional volatility both in bull periods and bear periods, but find no evidence of destabilizing impact. On the contrary, both positive announcement and negative announcement shocks in bull periods are found to depress volatility on consecutive days. In other words, FOMC’s announcements in bull periods have a stabilizing effect on equity prices rather than a destabilizing in the BIST100 index.

Keywords:

FOMC’s (Federal Open Market Committee) Announcements, Stock-Return Volatility, Asymetric Volatility, Emerging Markets

JEL Classification:

C22, G15

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