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Analyzing the Challenges to Adoption of Drones in the Logistics Sector Using the Best-Worst Method

Posted on Wednesday April 26th, 2023Wednesday April 26th, 2023 by editor

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	Analyzing the Challenges to Adoption of Drones in the Logistics Sector Using the Best-Worst Method
Author(s):	Sinan Çıkmak, Gökhan Kırbaç, Buşra Kesici
Volume:	14
Number:	2
Year:	2023
Page:	227-242
ISSN:	2619-9491
DOI Number:	10.20409/berj.2023.413

Abstract

Drones, which are unmanned aerial vehicles, are used in various areas. Some important worldwide companies have been interested to integrate drone technology into their logistics applications. Although the use of drones promises various advantages such as reducing costs and improving responsiveness in the logistics sector, there are also various challenges to the adoption of this technology. Therefore, this study aims to identify and prioritize the challenges to drone technology adoption in the logistics sector. Initially, 34 challenges under seven major dimensions for the study were identified by a thorough literature review and consultation with selected experts. Then, the best-worst method (BWM) is applied to rank these major challenges and associated sub-criteria. The results show that “terrorist attacks”, “lack of legal regulations”, “difficulty of flight permit processes”, “flight area limitation due to restrictive visual line of sight (VLOS)”, and “personal data protection” are the top five challenges that confront the logistics sector for adopting drone technology. The findings of this research will provide important insights to practitioners and researchers interested in new technologies that can be applied in the logistics sector.

Keywords:

Drones, Logistics, Unmanned Aerial Vehicle, Challenge Analysis, Best-Worst Method

JEL Classification:

L93, O33, Q55

Full Text ( ↓ 4180)

The Effect of Corporate Governance on the Cost of Debt: Evidence from Borsa İstanbul

Posted on Wednesday April 26th, 2023Wednesday April 26th, 2023 by editor

Makale Bilgileri

Dergi:	Business and Economics Research Journal
Makalenin Başlığı:	Kurumsal Yönetimin Borç Maliyetine Etkisi: Borsa İstanbul’da Bir Uygulama
Yazar(lar):	Gökhan Özer, İlhan Çam, Sedat Çerez
Cilt:	14
Sayı:	2
Yıl:	2023
Sayfa:	217-226
ISSN:	2619-9491
DOI Numarası:	10.20409/berj.2023.412

Öz

Kurumsal yönetim uygulamalarının kalitesi, paydaşların haklarının korunduğuna dair bir güvence vermekte, vekâlet problemleri ve bilgi asimetrisinden kaynaklı maliyetleri azaltmakta ve firma faaliyetleri ile ilgili izleme ve denetim fonksiyonlarını güçlendirmektedir. Bu çalışmada iyi kurumsal yönetim uygulamalarının risk primlerini azaltarak borçlanma maliyetlerini düşürüp düşürmediği sorusuna cevap aranmıştır. Bu çerçevede, 2007 – 2019 yılları arasında Borsa İstanbul’da işlem gören 29 firmanın kurumsal yönetim derecelendirme notları ile borçlanma maliyetleri arasındaki ilişki araştırılmıştır. Panel veri tahmin modeli test sonuçlarına göre, tesadüfi etkiler panel veri analiz yöntemi tercih edilmiştir. Analiz sonuçlarında, borç maliyeti değişkeninin katsayısı istatistiksel olarak anlamlı ve negatif olarak elde edilmiştir. Buna göre, işletmelerin kurumsal yönetim derecelendirme notlarının yükselmesi borç maliyetleri üzerinde azaltıcı bir etkiye neden olmaktadır. Sonuç olarak, kurumsal yönetimin güçlendirilmesine yönelik yapılacak yatırımlar borçlanma maliyetlerini azaltarak, firmaların kâr marjlarının artmasına, nakit akışlarının güçlenerek finansal esnekliklerinin artmasına ve daha iyi bir finansal duruma sahip olmalarına yardımcı olabilir ve böylelikle firmaların uzun vadeli büyümesine ve sürdürülebilirliğine katkıda bulunabilir.

Anahtar Kelimeler:

Kurumsal Yönetim, Borç Maliyeti, Finansmana Erişim, Panel Veri Analizi, Borsa İstanbul

JEL Sınıflandırması:

G34, G32, C23

Full Text ( ↓ 844)

Inter-Sectoral Spillover Effects in Turkiye: A Global VAR Approach

Posted on Wednesday April 26th, 2023Wednesday April 26th, 2023 by editor

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	Inter-Sectoral Spillover Effects in Turkiye: A Global VAR Approach
Author(s):	Özlem Yiğit
Volume:	14
Number:	2
Year:	2023
Page:	173-198
ISSN:	2619-9491
DOI Number:	10.20409/berj.2023.411

Abstract

In this study, we empirically examine inter-sectoral spillover effects on the labor market in Turkiye over the period 1990– 2021. To this end, we analyse the responses of sectoral employment to the sector-specific real output and productivity shocks. The econometric approach involves an application of global vector autoregression methodology, which explicitly considers the inter-dependencies among the four main sectors of the Turkish economy, namely agriculture, industry, construction and services. We also investigate the impact of trade liberalization policy since 1980s in the Turkish economy on employment, real growth and productivity for each sector. Generalized impulse response function results indicate there are strong spillovers across sectors. In addition, our findings point out that the Turkish economy generally benefits from the outward-oriented growth strategy in terms of growth and productivity, but the net effect of this strategy on employment is uncertain for the aggregate economy.

Keywords:

Employment, Growth, Productivity, Trade Openness, Generalized Impulse-Response Function

JEL Classification:

E24, C39, F16

Full Text ( ↓ 872)

Interrelationships in Inventory Turnover Performance Between Supplier and Customer Firms

Posted on Wednesday April 26th, 2023Wednesday April 26th, 2023 by editor

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	Interrelationships in Inventory Turnover Performance Between Supplier and Customer Firms
Author(s):	Joseph J. Henry, Peter Christensen, James C. Brau
Volume:	14
Number:	2
Year:	2023
Page:	157-171
ISSN:	2619-9491
DOI Number:	10.20409/berj.2023.410

Abstract

Using inventory turnover to measure the efficiency of corporate inventory management, we perform econometric analyses to verify whether the inventory efficiency of a firm’s supply chain partners is a statistically significant driver of the firm’s own inventory efficiency. We test two mutually exclusive hypotheses. First, suppliers hold inventory on behalf of customers, effectively displacing inventory up the supply chain and resulting in a negative correlation between supplier and customer inventory turnover. Alternatively, inventory efficiency is integrated along the supply chain, resulting in a positive correlation between supplier and customer inventory turnover. Our bivariate and multivariate analyses of both firm- and industry-level data support the “integration” hypothesis of higher inventory efficiency along the supply chain. Our findings highlight the importance of expanding the research and practice of working capital management beyond the firm-level.

Keywords:

Inventory Turnover, Supply Chain Efficiency, Inventory Factor Model

JEL Classification:

L140, M41, C51

Full Text ( ↓ 855)

Firing Costs and Inventor Turnover

Posted on Wednesday April 26th, 2023Wednesday April 26th, 2023 by editor

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	Firing Costs and Inventor Turnover
Author(s):	Emre Ekinci
Volume:	14
Number:	2
Year:	2023
Page:	141-155
ISSN:	2619-9491
DOI Number:	10.20409/berj.2023.409

Abstract

This paper examines the effect of firing costs on inventor turnover using the patent data provided by the United States Patent and Trademark Office (USPTO) for the 1975-2003 period. The adoption of the wrongful discharge laws in the US is considered as an exogenous increase in firing costs. As states adopt these laws at different dates, a quasi-experimental setting allows us to estimate a casual effect. Using the existing holdup theories investigating the employment relationship, we conjecture that the effect of firing costs on inventor turnover hinges on the extent to which the inventor’s knowledge set is transferable to competing firms. We measure knowledge transferability by the number of co-authors an inventor has filed a patent with, his or her specialization across technological classes and reliance on the prior art patented by the current employer. Our analysis shows that these variables alter, as predicted by the theory, how increased firing costs affect inventor turnover.

Keywords:

Patents, Innovation, Wrongful Discharge Laws, Firing Costs, Worker Turnover

JEL Classification:

J24, K31, M55, O31

Full Text ( ↓ 856)

Factors Affecting the Adoption of Mobile Banking Applications: A Research on Young Consumers

Posted on Thursday March 23rd, 2023Tuesday July 25th, 2023 by editor

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	Factors Affecting the Adoption of Mobile Banking Applications: A Research on Young Consumers
Author(s):	Gulsen Alkac Ozdemir
Volume:	14
Number:	3
Year:	2023
Page:	389-408
ISSN:	2619-9491
DOI Number:	10.20409/berj.2023.408

Abstract

Rapid technological developments require many businesses to follow the developing technology and adapt quickly. Mobile applications developed in recent years have an important place in consumer behavior. Banks have started to use mobile applications early in their service delivery compared to many other sectors. However, consumer acceptance is very important for the success of these applications. The aim of this study is to reveal the effects of the factors affecting the acceptance of mobile banking applications by young consumers on the behavioral intention of consumers to use mobile banking applications. Research data were collected by online survey method. The obtained data were analyzed with Smart PLS structural equation modeling. As a result of the analysis, it was found that the perceived benefit and perceived compatibility factors had a positive effect on the behavioral intention of young consumers to use mobile banking applications. The dimensions of perceived ease of use, social impact, facilitating conditions, relative advantage, and perceived risk in the research model did not have a significant effect on the behavioral intention of young consumers to use mobile banking applications. The effect of young consumers’ behavioral intention to use mobile banking applications on their usage behavior was also found to be quite high. The results will help the bank managers in charge of developing mobile bank applications and determining marketing strategies.

Keywords:

Mobile Banking, Mobile Banking Applications, Adoption, Young Consumers, SEM Analysis

JEL Classification:

M31, G41, M39

Full Text ( ↓ 942)

The Analysis of The Dynamic Relationship Between Corporate Sustainability and Financial Performance

Posted on Tuesday March 7th, 2023Wednesday April 26th, 2023 by editor

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	The Analysis of The Dynamic Relationship Between Corporate Sustainability and Financial Performance
Author(s):	Ebru Aydoğan, Esen Kara
Volume:	14
Number:	2
Year:	2023
Page:	199-216
ISSN:	2619-9491
DOI Number:	10.20409/berj.2023.407

Abstract

One of the frequently mentioned issues in the literature is that studies analyzing the relationship between corporate sustainability and financial performance do not reach a consensus on the existence and direction of the relationship. This study is aimed to contribute to the literature by analyzing the relationship between corporate sustainability practices and financial performances of 58 non-bank firms included in the Borsa Istanbul (BIST) Sustainability Index between the years 2015-2021. The study employed the System Generalized Method of Moments (system GMM) estimator, which is one of the dynamic panel data models. The results of the analysis can be summarized as follows; (i) there is a positive relationship between corporate sustainability practices and both market-based and accounting-based financial performance indicators, (ii) corporate sustainability positively affects different financial performance indicators at different terms, (iii) sustainability investments affect the market value of businesses more and faster than the return on assets, and (iv) the relationship between corporate sustainability and financial performance is dynamic, and the endogeneity problem should be taken into account in the analysis of the relationship between them.

Keywords:

Corporate Sustainability, Financial Performance, Endogeneity, Panel Data, System GMM

JEL Classification:

C23, G30, G34

Full Text ( ↓ 1431)

Influencer Stickiness and Determining the Relationships Among its Antecedents

Posted on Saturday January 28th, 2023Sunday January 29th, 2023 by editor

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	Influencer Stickiness and Determining the Relationships Among its Antecedents
Author(s):	Onur Ozturk
Volume:	14
Number:	1
Year:	2023
Page:	123-140
ISSN:	2619-9491
DOI Number:	10.20409/berj.2023.406

Abstract

The rise of internet and social media usage has become almost indispensable in people’s daily lives and it has enabled influencers, the individuals who interact with their followers using various social media platforms such as Instagram, Twitter, YouTube, etc., to become almost as popular as traditional celebrities such as singers, movie stars, sportsmen and so on. Unlike traditional celebrities, social media influencers are believed to have similar social status like their followers. Increasing the number of their followers and fans and turning them into paying customers are largely dependent on the stickiness of their followers. The purpose of this study is to determine relationships among the antecedents of the stickiness of influencers’ followers and to measure the effects of these antecedents on influencer stickiness. In order to determine and investigate these relationships, the data were collected from 2158 respondents by structured questionnaires and analyzed by PLS-SEM structural equation modeling. Results showed that identity similarity, identity distinctiveness, and identity prestige had positive effects on parasocial relationships and wishful identification, and parasocial relationships and wishful identification were found to have a positive effect on stickiness.

Keywords:

Social Media Influencers, Influencer Stickiness, PLS-SEM

JEL Classification:

M30, M31

Full Text ( ↓ 935)

Segmentation of Social Media Platforms in Terms of Perceived Benefits: Cluster Analysis on Brand Followers

Posted on Saturday January 28th, 2023Sunday January 29th, 2023 by editor

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	Segmentation of Social Media Platforms in Terms of Perceived Benefits: Cluster Analysis on Brand Followers
Author(s):	Talha Bayir
Volume:	14
Number:	1
Year:	2023
Page:	109-121
ISSN:	2619-9491
DOI Number:	10.20409/berj.2023.405

Abstract

This study was designed to determine clusters of brand followers on social media platforms and a cluster analysis was carried out to obtain information about the functional, social and communication benefits of social media platforms. The population of this research, which was carried out on social media users, consists of 414 people selected by convenience sampling method. The online survey method was used to collect the data. The research model variables were analyzed by two-step cluster analysis and K mean cluster analysis. Then, discriminant and chi-square analysis were performed. Findings indicate that Instagram users in the cluster 1 have the highest perception of benefit, YouTube users in the cluster 3 have a high perception of benefit, and Facebook and Twitter users in the cluster 2 have an average perception of benefit in terms of brand follow-up.

Keywords:

Social Media Segmentation, Brand Followers, Cluster Analysis, Functional Benefits, Social Benefits, Communication Benefits

JEL Classification:

M30, M31

Full Text ( ↓ 878)

How TQM Principles Influence Job Performance in Healthcare? The Role of Locus of Control

Posted on Saturday January 28th, 2023Sunday January 29th, 2023 by editor

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	How TQM Principles Influence Job Performance in Healthcare? The Role of Locus of Control
Author(s):	Gizem Dagasan, Hakan Kitapci, Eren Kilic
Volume:	14
Number:	1
Year:	2023
Page:	73-86
ISSN:	2619-9491
DOI Number:	10.20409/berj.2023.404

Abstract

The high-level coordination needs of hospitals require a conscious and disciplined total quality management (TQM) to improve healthcare service quality. Besides, the effectiveness of TQM relies on how healthcare professionals perceive TQM principles and how they improve their job attitudes and performances accordingly. From this view, we aimed to examine how TQM principles in healthcare services (i.e., patient focus, continuous improvement, teamwork) affect healthcare professionals’ job performance. From the social learning perspective, we predicted that the relationship between TQM principles and job performance might differ by the locus of control (internal and external). We collected data through questionnaires from 347 nurses actively working in various departments of two different public hospitals in Turkey. We found that nurses’ perceptions of patient focus and continuous improvement positively relate to their job performance. In addition, we found that the relationship between teamwork perception and job performance differed regarding the locus of control. While teamwork negatively affects job performance in nurses with a higher internal locus of control, it positively affects job performance in those with a higher external locus of control.

Keywords:

Total Quality Management, Healthcare, Performance, Locus of Control, Nurses

JEL Classification:

D23, I10, L15

Full Text ( ↓ 940)