2024-03-29T08:03:10Z
http://emaj.pitt.edu/ojs/emaj/oai
oai:ojs.emaj.pitt.edu:article/2
2018-07-24T14:18:29Z
emaj:ART
nmb a2200000Iu 4500
"110723 2011 eng "
2158-8708
10.5195/emaj.2011.2
doi
dc
Introducing ISO 9000 to the Kazakhstan Banking Industry:A Case Study
Camgoz Akdag, Hatice
Kadir Has University
Banks in Kazakhstan have experienced a lengthy period of political stability and economic growth. Together with rational approach to banking and finance policy, this has helped to push Kazakhstan’s banking system to a higher level of development. It is now widely known that the Kazakh market is highly attractive to foreign investors. The scope for profits is growing, and country risk is comparatively low. As the Kazakh banks face a shortage of long-term funds and access to existing resources is influenced by political factors, capital drawn from the international markets will play a decisive role in their growth.
University Library System, University of Pittsburgh
2011-09-07 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/2
EMAJ: Emerging Markets Journal; Vol. 1 No. 1 (2011)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/3
2018-07-25T14:16:04Z
emaj:ART
nmb a2200000Iu 4500
"110724 2011 eng "
2158-8708
10.5195/emaj.2011.3
doi
dc
Business Excellence in Kazakh Higher Education Institutions
Camgoz Akdag, Hatice
Kadir Has University
The aim of this paper is to deepen and to encourage further research for sustaining quality improvement in Kazakh Higher Education Institutions. This paper is explaining the Kazakh education system and is also trying to figure out whether if it fits to the European Foundation for Quality Management (EFQM) excellence model. The paper is based on literature concerning the Kazakh Higher Education system. The pros and cons are also mentioned in the paper. In accordance to this it is easier to find the strengths and weaknesses of the system and finally a list of factors are given in order to be a guide of excellence for the Kazakh Higher Education Institutes.
University Library System, University of Pittsburgh
2011-09-07 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/3
EMAJ: Emerging Markets Journal; Vol. 1 No. 1 (2011)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/5
2018-07-25T14:25:25Z
emaj:ART
nmb a2200000Iu 4500
"110723 2011 eng "
2158-8708
10.5195/emaj.2011.5
doi
dc
Empirical Look at the Factors Affecting Perception of Business Ethics in Turkey
Akman, Vedat
Beykent University
This study aims to explore the influence of gender, age, education, profession and sector choices towards factors affecting business ethics in Turkey. Self-administered questionnaire with scale of 1-5 was used to measure attitudes towards business ethics (1= "strongly agree" to 5="strongly disagree") with reasonable good score on Cronbach's realibility test. With Cronbach alpha of .692 and KMO (Kaiser-Meyer-Olkin Meaure of Sampling Adequecy) .746 (which sould be greater than .5 for a satisfactor analysis) we proceeded to our analysis successfully. Choice job, sector, age and gender were significant determinants to factors affecting perception of business ethics but education level was not a significant determinant.
University Library System, University of Pittsburgh
2011-09-07 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/5
EMAJ: Emerging Markets Journal; Vol. 1 No. 1 (2011)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/6
2018-07-25T14:52:34Z
emaj:ART
nmb a2200000Iu 4500
"110724 2011 eng "
2158-8708
10.5195/emaj.2011.6
doi
dc
A Simulation Set-up to Observe the Effects of the Emotional Factor on Capital Markets
Ozturkkal, Belma
Kadir Has University
The study surveyed 74 student subjects from a major public university in the southern United States in a capital market experiment. This study investigates the link between profitability and the individual emotions present at the time of the experiment among managers and investors. This study is motivated by the shareholder and manager mechanism simulating a real market environment, where the individual self-reported emotions on a survey are analyzed by a least square regression analysis from the perspective of investors and managers.
University Library System, University of Pittsburgh
2011-09-07 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/6
EMAJ: Emerging Markets Journal; Vol. 1 No. 1 (2011)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/8
2018-07-25T15:09:12Z
emaj:ART
nmb a2200000Iu 4500
"111118 2011 eng "
2158-8708
10.5195/emaj.2011.8
doi
dc
IMPACT OF THE GLOBAL CRISIS ON THE GOVERNANCE STRUCTURES OF INTERNATIONAL FINANCIAL INSTITUTIONS
Özkan, Gökhan
The global financial crisis dragged many countries into recession, demonstrated that the international
financial system has structural problems and started discussions about restructuring of the international financial
institutions. The main objective of this paper is to investigate the impact of the global financial crisis on the
governance structures of the international financial institutions. To this end, studies made at different international
platforms were evaluated. The debates and negotiations among the developed and developing countries about
governance structures of the international financial institutions were analyzed. Developing countries’ demand to
reform the decision-making mechanisms of the Bretton Woods institutions, the IMF and the World Bank and
developed countries’ reservations were investigated. It was concluded that the new shape of the international
financial architecture and governance structures of international financial institutions will depend on international
politics as well as the evolution of the global crisis and the economic dynamics.
University Library System, University of Pittsburgh
2012-09-13 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/8
EMAJ: Emerging Markets Journal; Vol. 1 No. 2 (2011)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/9
2018-07-25T18:22:21Z
emaj:ART
nmb a2200000Iu 4500
"111118 2011 eng "
2158-8708
10.5195/emaj.2011.9
doi
dc
ORGANIZATIONAL CHANGE FOR THE ENVIRONMENTALLY SUSTAINABLE AIRPORT MANAGEMENT
Durmaz, Vildan
Air transportation industry is a globally growing industry. As an inseparable part of this industry, airport management is also becoming more crucial issue to be dealt with. Airports offer economic and social benefits to the society, but also environmental impacts of airport operations are increasing due to high traffic growth. While airport capacity is increasing, airport operators are being responsible for mitigating environmental constraints. Today to implement airport environmental management system is seen as a critical way of solution. To ensure effective implementation of this system, an organizational change with definite roles, responsibilities and structure are needed. This study illustrates a way of organizational response to market forces and national regulations guiding the achievement of sustainable airports by determining the structure and the roles in an airport organization.
University Library System, University of Pittsburgh
2012-09-13 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/9
EMAJ: Emerging Markets Journal; Vol. 1 No. 2 (2011)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/10
2018-07-25T21:24:05Z
emaj:ART
nmb a2200000Iu 4500
"111118 2011 eng "
2158-8708
10.5195/emaj.2011.10
doi
dc
RECOMPUTATION OF UNDP’S HDI RANKINGS BY DATA ENVELOPMENT ANALYSIS
Taner, Mehmet Tolga
Gebze Institute of Technology
Sezen, Bülent
Gebze Institute of Technology
Alpkan, Lutfihak
Gebze Institute of Technology
Aren, Selim
Gebze Institute of Technology
The HDI has played an influential role in the debate on human development. No index is perfect and so is the Human Development Index of United Nations Development Program. This paper aims to measure the performance of 182 countries in terms of performance by means of non-parametric input oriented CRS employed Data Envelopment Analysis. In addition, it elaborates on the cut-off values assigned by UNDP to categorize the countries. By means of this research, countries will be able to choose those elements by benchmarking from other countries that are applicable and most likely to develop strategy formulation processes for human development and international growth.
University Library System, University of Pittsburgh
2012-09-13 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/10
EMAJ: Emerging Markets Journal; Vol. 1 No. 2 (2011)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/11
2018-07-25T21:46:23Z
emaj:ART
nmb a2200000Iu 4500
"111118 2011 eng "
2158-8708
10.5195/emaj.2011.11
doi
dc
LEARNING, ENTREPRENEURSHIP AND INNOVATION ORIENTATIONS IN TURKISH FAMILY-OWNED FIRMS
Altindag, Erkut
Zehir, Cemal
Acar, A.Zafer
Globalization is forcing family-owned companies need to be more flexible and faster organization structures to respond effectively to the customers’ growing various types needs on the certain line of producing high quality goods and services these days. With the start of a new paradigm era in strategic management field, family- owned firms began to choose different tools to maximize their sustainable performance against rivals. These tools include special strategic orientations including learning, entrepreneurship and innovation implications. Our study tries to explore the effects of strategic orientations implications into firm performance and their effects on growth and financial performance in Turkish family-owned companies.
University Library System, University of Pittsburgh
2012-09-13 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/11
EMAJ: Emerging Markets Journal; Vol. 1 No. 2 (2011)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/12
2018-07-25T21:59:11Z
emaj:ART
nmb a2200000Iu 4500
"111118 2011 eng "
2158-8708
10.5195/emaj.2011.12
doi
dc
GLOBAL CRISIS AND ITS EFFECTS IN THE DEVELOPED AND EMERGENT COUNTRIES - “THE BOTTOM OF THE PYRAMID” AS AN INNOVATION RESOURCE
Shyle, Irma
Universiteti Politeknik i Tiranes
The economists forecast that in the next 5 years the average annual growth of the global economy will be smaller than the average rate in the past 15 years. This reinforce more than ever the problem of the restricted resources management and discovery of the best possible ways to improve and increase the population welfare.
It is raised the question: To serve 5 milliard people in the world (with less than 2$ per day) is: Moral responsability? High level of intelect? Business opportunity?
Is it the time for companies to enter in the Bottom of the Pyramid markets? Is it the Bottom of the Pyramid the source of the innovation? Why are these markets attractive?
Keywords: average annual growth, global economy, resources management, markets
University Library System, University of Pittsburgh
2012-09-13 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/12
EMAJ: Emerging Markets Journal; Vol. 1 No. 2 (2011)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/13
2018-07-25T22:13:42Z
emaj:ART
nmb a2200000Iu 4500
"111120 2011 eng "
2158-8708
10.5195/emaj.2011.13
doi
dc
STRATEGIES FOR COMPETETIVE ADVANTAGE IN ELECTRONIC COMMERCE
Azadi, Siamak
Despite rapid and sustained development of electronic commerce, many companies doing e-business are still in the investment and brand-building phase and have yet to show a profit. However, as e-businesses shift their focus from building a customer base to increasing revenue growth and profitability, they should reevaluate their current business strategies, if any, and develop strategies that provide a clear path to profitability. This study uses McCarthy’s four marketing mix model and Porter’s five competitive forces model to identify strategies for Internet companies that respond to the five competitive forces and thereby achieve a competitive advantage. The study provides significant new insights into the development and implementation of e-business strategies that contribute to increased profit.
University Library System, University of Pittsburgh
2012-09-13 00:00:00
application/pdf
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/13
EMAJ: Emerging Markets Journal; Vol. 1 No. 2 (2011)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/15
2018-07-25T22:42:56Z
emaj:ART
nmb a2200000Iu 4500
"120129 2012 eng "
2158-8708
10.5195/emaj.2012.15
doi
dc
THE EFFECTS OF CONSUMER ETHNOCENTRISM AND CONSUMER ANIMOSITY ON THE RE-PURCHASE INTENT: THE MODERATING ROLE OF CONSUMER LOYALTY
Akdogan, M.Sukru
Erciyes University
Ozgener, Sevki
Nevsehir University
Kaplan, Metin
Nevsehir University
Coskun, Aysen
Nevsehir University
With the growth of international trade and travel, consumers are increasingly confronted with foreign products and services. But some negative attitudes towards foreign products can arise from several factors such as previous or ongoing political, military, economic, or diplomatic events. Thus, both consumer ethnocentrism and consumer animosity have become important constructs in marketing. The purpose of this study is to investigate whether consumer ethnocentrism and consumer animosity affect repurchase intent towards U.S. products and whether this impact is moderated by customer loyalty. The findings of the research indicate that consumer ethnocentrism increases consumer animosity for the sampling. The present study also denotes that both consumer ethnocentrism and animosity have a negative impact on repurchase intent toward U.S. products in Turkey. According to the results of regression analyses, customer loyalty may not be an important moderating factor between consumers’ animosity and repurchase intent toward U.S. products. However, customer loyalty moderated the relationship between consumer ethnocentrism and repurchase intent toward U.S. products. Further implications for Turkish consumers in supermarkets in the province of Nevşehir are discussed. The value of future research is also acknowledged
University Library System, University of Pittsburgh
2012-02-10 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/15
EMAJ: Emerging Markets Journal; Vol. 2 No. 1 (2012)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/16
2018-07-26T08:06:19Z
emaj:ART
nmb a2200000Iu 4500
"120129 2012 eng "
2158-8708
10.5195/emaj.2012.16
doi
dc
HUMAN CAPITAL HETEROGENEITY AND ORGANIZATIONAL PERFORMANCE ANALYSIS: AN EMPIRICAL STUDY ABOUT INTERNATIONAL HOTEL CHAINS IN TURKEY
Halici, Ali
Baskent University
Aktaş, Ramazan
TOBB University
Kasimoglu, Murat
Gruber, Ahu Genis
TOBB University
Today, workforce diversity is not only a legal requirement for organizations, but it is also a must to survive in a highly competitive business environment. The prime motive for this study is to investigate the relationship between workforce diversity and perception of discrimination. The basic hypothesis of the study is that as the workforce diversity increases, the perception of discrimination decreases. In order to test the hypothesis, a survey is carried out international hotel chains in Istanbul. There are 19 international hotel chains in Turkey. In this study research is designed to understand human capital heterogeneity pattern of international chains of hotel industry and how this contribute organizational culture strategically that help to manage organizational performance much more efficiently with cross sectional data. Globalization of markets, changing demographics in the labor market, new business strategies requiring team work and the shift from a manufacturing to a service economy are the prime reasons for human capital heterogeneity (HCH). HCH improves the organizational capabilities in terms of flexibility, creativity, problem solving and competitive advantage. Especially in the service sector, in order to gain competitive advantage, organizations need a diverse workforce for both understanding the diverse needs of customers and answering to these needs in a prompt and proper way.
University Library System, University of Pittsburgh
2012-02-10 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/16
EMAJ: Emerging Markets Journal; Vol. 2 No. 1 (2012)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/17
2018-07-26T08:32:05Z
emaj:ART
nmb a2200000Iu 4500
"120129 2012 eng "
2158-8708
10.5195/emaj.2012.17
doi
dc
THE INFLUENCE OF CORRUPTION ON CORPORATE GOVERNANCE STANDARDS: SHARED CHARACTERISTICS OF RAPIDLY DEVELOPING ECONOMIES
Caron, Michelle I.
Southern New Hampshire University
Ficici, Aysun
Southern New Hampshire University
Richter, Christopher L.
Southern New Hampshire University
This article evaluates the relationship between the level of corruption in rapidly developing economies and corporate governance processes therein. Previous literature illustrates a strong relationship between corporate governance and corruption and suggests that in countries with high levels of corruption, firms lack efficient corporate governance practices. Similarly, countries with deficient corporate governance practices and low levels of compliance to these standards breed corruption leading to a wide range of transparency dilemmas. This study delves deeper through careful examination regarding the level of compliance with corporate governance standards and the pervasive effects of corruption on the governance processes of firms with specific regard to rapidly developing economies as well as offering comparisons and similarities of shared characteristics among these countries.
University Library System, University of Pittsburgh
2012-02-10 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/17
EMAJ: Emerging Markets Journal; Vol. 2 No. 1 (2012)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/18
2018-07-26T08:44:40Z
emaj:ART
nmb a2200000Iu 4500
"120129 2012 eng "
2158-8708
10.5195/emaj.2012.18
doi
dc
CORPORATE GOVERNANCE AND FIRM VALUE IN EMERGING MARKETS AN EMPIRICAL ANALYSIS OF ADR ISSUING EMERGING MARKET FIRMS
Ficici, Aysun
Southern New Hampshire University
Aybar, C. Bulent
Southern New Hampshire University
This study explores the value implications of good corporate governance for a sample of 54 ADR issuing emerging market firms (EMFs) from 9 countries primarily located in the regions of Asia, Eastern Europe and Latin America and the and employs recently constructed company composite corporate governance metric along with some alternative corporate governance measures associated with the origin of the issuing firm. Although the ADR literature primarily focuses on the impact of subscription to US disclosure requirements we contend that company and country specific corporate governance standards play a significant role in the risk reduction and ensuing value capture. The fundamental inquiry in this study has the following foci: The primary focus is on the impact of corporate governance structures on firm performance as to whether adherence to standards creates market value for ADR issuing EMFs. Do good corporate governance practices affect the value of EMFs? The secondary focus is concerned with whether the impact of corruption level and legal system in a firm’s home country affect the corporate structures of EMFs thus affecting the market value of firms. In this study, we utilize Tobin’s q as the measure of firm performance/market value. Our findings suggest that there is a significant correlation between corporate governance structures of ADR issuing EMFs and their market values and/or performances. The results also indicate that the level of corruption and legal structures in home countries of EMFs strongly impact the corporate governance structures of these firms and sequentially affect their market values. Therefore, this research further contributes to the scholarly findings and suppositions that corporate structures of firms do create consequences on firm value.
University Library System, University of Pittsburgh
2012-02-10 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/18
EMAJ: Emerging Markets Journal; Vol. 2 No. 1 (2012)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/19
2018-07-26T09:08:03Z
emaj:ART
nmb a2200000Iu 4500
"120129 2012 eng "
2158-8708
10.5195/emaj.2012.19
doi
dc
THE PRICE OF HIGHER EDUCATION AND INDIVIDUAL DEMAND
Golpek, Filiz
Gazikent University
The rise in the living standards in most of the world, the rise in population and schooling rates have increased the demand for higher education. The attribution of semi public property becomes determinant to decide whom will provide the supply and the production in semi public properties is realized by means of a supply and demand mechanism. The supply of higher education is mostly secured in accordance with the public demand as well as the resources available. In addition, the fact that higher education services have produced significant benefits has led to over demand. This situation relates to a simple economic rule that a commodity or service which costs almost nothing or little will increase until the mariginal benefit of its demand equals to 0 or almost 0. However, the educational supply and demand is difficult to identify in accordance to the supply and demand and balance of price as observed in the economic theory. The high profits that would be attracted in the future are significant factors influencing individual’s decisions for investment. The decision for investment depends on the possible return in the future, the cost of investment, and the current interest rates. Higher education with investment purposes is influenced by these three factors and higher education is demanded more and more by individuals on the expectation that they will gain high profits In theory, it is accepted that the basic factors identifying the demand for higher education are in harmony with empirical research results in several countries including Turkey.
University Library System, University of Pittsburgh
2012-02-10 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/19
EMAJ: Emerging Markets Journal; Vol. 2 No. 1 (2012)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/20
2018-07-26T09:49:00Z
emaj:ART
nmb a2200000Iu 4500
"120129 2012 eng "
2158-8708
10.5195/emaj.2012.20
doi
dc
RE-THINKING ENTREPRENEURSHIP, INTRAPRENEURSHIP, AND INNOVATION: A MULTI-CONCEPT PERSPECTIVE
Gundogdu, Mehmet Cagrı
This paper aims to show an understanding of the vague issues on the relations among the concepts of entrepreneurship, intrapreneurship and innovation. Some of the greatest intellectual challenges of our time are emerging from the huge study of business management and organization. Through these issues; creating and applying smart ideas that form the practice of business and management, namely entrepreneurial activities, have been noticeably stepping forward for more than three decades. An updated entrepreneurial view in business and management is crucial for reaching the aim of innovation; besides, as it’s mentioned above, this perspective deserves to be scrutinized deeply in order to obtain a full understanding of the key concepts of entrepreneurship, intrapreneurship, and innovation also to provide a lean conclusion, which is mainly based on the dual and multi-relations of the related terms. The approach taken in the literature, generally construes entrepreneurship as the main concept regarding entrepreneurial thought; intrapreneurship as its sub-concept; and considers innovation as redundant to include in some of the entrepreneurial definitions; though it’s not totally been ignored. However, the new economical framework has proven that a fresh insight is required from now on, in order to explain how to survive in this rapidly changing environment. From this perspective, the main questions of this paper are:
Can the concepts of entrepreneurship, intrapreneurship and innovation be appraised in an integrative approach, contemporarily? In other words, can these concepts be united under the umbrella of a valid single term different from these?
If yes, how should the new concept be discussed and what are the attributes of the new character emerging from this concept?
University Library System, University of Pittsburgh
2012-02-10 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/20
EMAJ: Emerging Markets Journal; Vol. 2 No. 1 (2012)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/21
2018-07-26T10:04:15Z
emaj:ART
nmb a2200000Iu 4500
"120129 2012 eng "
2158-8708
10.5195/emaj.2012.21
doi
dc
SERVANT LEADERSHIP AND ORGANIZATIONAL TRUST: THE MEDIATING EFFECT OF THE LEADER TRUST AND ORGANIZATIONAL COMMUNICATION
Rezaei, Morad
Salehi, Sajjad
Shafiei, Masomeh
Sabet, Somaye
The purpose of this paper aims to clarify the relationship between servant leadership and organizational trust, and tries to demonstrate the mediator role of leader trust and organizational communication in this relationship. The study sample included 258 employees of Guilan province Tax Administration and for sampling we used cluster method. Previous studies have also focused on the positive impact of servant leadership in organizational trust and in this article the results show that there is a significant relationship between servant leadership, organizational trust, leader trust and organizational communication.
University Library System, University of Pittsburgh
2012-02-10 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/21
EMAJ: Emerging Markets Journal; Vol. 2 No. 1 (2012)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/23
2018-07-26T10:14:08Z
emaj:ART
nmb a2200000Iu 4500
"120203 2012 eng "
2158-8708
10.5195/emaj.2012.23
doi
dc
DETERMINANTS OF GROWTH IN FRANCHISING CONTRACTS IN EMERGING MARKETS; EVIDENCES FROM TURKEY
Sonmezer, Sitki
Beykent University
Akman, Vedat
Beykent University
This study aims to examine the franchise sector and determine the significant factors that contribute to an increase in the number of franchiser’s contracts in Turkey. Secondary data is used from the Turkish Franchise Association and multivariate regression models are run for each sector. Our models explain the change in the number of franchise contracts with R2’s varying between .6577 and .7549. We provide evidence that success factors in increasing the number of contracts change depending on the sector firms operating in and contracts may be designed thusly to pursue success.
University Library System, University of Pittsburgh
2012-02-10 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/23
EMAJ: Emerging Markets Journal; Vol. 2 No. 1 (2012)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/25
2018-07-26T11:58:14Z
emaj:ART
nmb a2200000Iu 4500
"120911 2012 eng "
2158-8708
10.5195/emaj.2012.25
doi
dc
Developing Marketing Strategy for Electronic Business by Using McCarthy's Four Marketing Mix Model and Porter’s Five Competitive Forces
Azadi, Siamak
Department of Research and Development, Kermanshah Branch of ACECR, Kermanshah, Iran
Rahimzadeh, Elham
Original Published Abstract
Considering the importance of marketing strategies in a competitive environment dominated by E-commerce and also limit the effective implementation of research results in terms of marketing mix in e-participation, can manage sales and marketing in order to implement effective marketing strategies and ultimately achieve organizational goals Sector clients and helped the market. Main focus marketing strategies, coordinate activities and allocate appropriate resources to provide marketing operational objectives of the company as a particular product market.
Therefore, the main issue related to the realm of marketing strategy, include the specific purpose of determining property markets for a product family or a particular product, then, through the corporate marketing mix according to needs and demands of potential customers in its target market, competitive advantage search And creating synergy are.
Considering the importance of marketing strategies in a competitive environment dominated by Electronic markets and also limit the effective implementation of research results in terms of marketing mix in e-participation, can manage sales and marketing in order to implement effective marketing strategies and ultimately achieve organizational goals Sector clients and helped the market.
This study usesMcCarthy’s four marketing mix model and Porter’s five competitive forces model to identify strategies for Internetcompanies that respond to the five competitive forces and thereby achieve a competitive advantage. The study provides significant new insights into the development and implementation of e-business strategies that contribute to increased profit.
Corrected Abstract
E-commerce is growing worldwide and is considered one of the modes and methods of business. This initiative led to the creation of new firms has several advantages over using benefits and this is the motivation for this phenomenon. While e-commerce success in attracting customers for their goods and services, due to systematic scientific principles and techniques that utilize the marketing strategies say .
Marketing strategies in electronic markets, it is one of the important issues in the field of new market research has been discussed. But in this very diverse field of view is presented. On the other hand, given that little research has been done in this area , So consider this strategy has increased the importance of, Entering the world of electronic commerce and the use of modern tools and technology in new areas of business, firms will be forced to employ new business strategies, to prepare for their new competitive pressures. The results show that in the domain of e-commerce, two PORTER 'S FIVE COMPETITIVE FORCES AND MCCARTHY ' S FOUR MARKETING MIX MODEL been instrumental in the formulation and development of marketing strategies. And variables used in the model to identify and prioritize and execute marketing strategies in the field of e-commerce is essential.
Keywords : marketing, strategies, e-commerce, porter's five competitive forces ,mccarthy's four marketing mix model
University Library System, University of Pittsburgh
2012-09-17 00:00:00
application/pdf
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/25
EMAJ: Emerging Markets Journal; Vol. 2 No. 2 (2012)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/26
2018-07-26T12:14:55Z
emaj:ART
nmb a2200000Iu 4500
"120911 2012 eng "
2158-8708
10.5195/emaj.2012.26
doi
dc
Problems and Solution Proposals for SMEs in Turkey
Kaya, Sarp
Alpkan, Lütfihak
The purpose of this project is to present the problems the SMEs' encounter during providing management and financial requirements, probe how they can solve mentioned problems with as less help as possible within their own organization and offer the employer solutions in micro dimensions. While the SMEs' definitions will be located in the second part, the third part will include the weighting of their advantages and disadvantages. In addition to that, the fourth part will introduce suggestions to solve the problems in question that the SMEs come across. Rounding off, part five will discuss the selection of financial instruments during the stage of providing financial requirements for the SMEs, the mistakes done during their application and offer further solution offers for mentioned problems.
University Library System, University of Pittsburgh
2012-09-17 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/26
EMAJ: Emerging Markets Journal; Vol. 2 No. 2 (2012)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/27
2018-07-26T15:50:49Z
emaj:ART
nmb a2200000Iu 4500
"120911 2012 eng "
2158-8708
10.5195/emaj.2012.27
doi
dc
Entry modes of European firms in Vietnam
Simonet, Daniel
American University of Sharjah
Purpose: The purpose of the paper is to explore the entry modes of EU firms setting up operations in Vietnam.
Design/methodology/approach: we use a case study approach on Haymarket, Cadbury, Creative Education, Fairchild, Aventis and Artemisinin and Farming International using interviews from managerial professionals in Vietnam.
Findings: Despite the fact that Vietnam has been opening up for more than 20 years, licensing is the preferred entry mode because of the risks involved in venturing with local firms; that preference signals a low level commitment and a high perception of risk and state interference. In line with Vietnam transition to state - rather than private market - capitalism, a foreign company opting for a joint-venture will do so with a state-owned rather than privately-owned company. The choice of a subsidiary can be explained by the lack of trust in partners and institutions, not by improvement in the socio-political environment.
Limitations: In determining the entry mode strategy, the paper focuses on the Uppsala school’s “psychic distance” (e.g. cultural distance, lack of trust) rather than on firm-specific advantages (Rugman, 1980; 2006).
Key-words: international entry mode; emerging markets; subsidiary; joint-venture; India; Vietnam
University Library System, University of Pittsburgh
2012-09-17 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/27
EMAJ: Emerging Markets Journal; Vol. 2 No. 2 (2012)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/28
2018-07-26T16:08:27Z
emaj:ART
nmb a2200000Iu 4500
"120911 2012 eng "
2158-8708
10.5195/emaj.2012.28
doi
dc
The Case for Gold Revisited: A Safe Haven Or A Hedge ?
Apak, Sudi
Akman, Vedat
Beykent University
Çankaya, Serkan
Sonmezer, Sıtkı
Beykent University
This paper attempts to analyze the relation among gold prices and other macroeconomic and financial variables and addresses the question whether gold is a safe haven or a hedge for investors. The study investigates the relationship by using an econometric analysis for top gold exporter and importer countries, for a sample period of 11 years from 2000 to 2011. The results are twofold (i) return of silver, USD returns and change in the volatility index influences gold returns positively whereas, Swiss Franc and Canadian Dollar returns influence gold returns negatively regardless of presence of the 2008 crisis. (ii) In times of stress, our findings indicate that Swiss Franc, Norwegian Krone and Canadian Dollar function as haven whereas, on average, Swiss Franc, Canadian Dollar and 10 year US treasuries function as a hedge against gold but the results show no evidence for the US dollar.
University Library System, University of Pittsburgh
2012-09-17 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/28
EMAJ: Emerging Markets Journal; Vol. 2 No. 2 (2012)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/30
2017-01-06T19:39:06Z
emaj:Err
nmb a2200000Iu 4500
"120917 2012 eng "
2158-8708
10.5195/emaj.2012.30
doi
dc
Errata
Akman, Vedat
Beykent University
Corrections Of articles.
University Library System, University of Pittsburgh
2012-09-17 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/30
EMAJ: Emerging Markets Journal; Vol. 2 No. 2 (2012)
eng
Copyright (c)
oai:ojs.emaj.pitt.edu:article/31
2018-07-27T22:10:58Z
emaj:ART
nmb a2200000Iu 4500
"140305 2014 eng "
2158-8708
10.5195/emaj.2014.31
doi
dc
A Genetic Algorithm on Inventory Routing Problem
Aydın, Nevin
Recep Tayyip Erdogan University
Inventory routing problem can be defined as forming the routes to serve to the retailers from the manufacturer, deciding on the quantity of the shipment to the retailers and deciding on the timing of the replenishments. The difference of inventory routing problems from vehicle routing problems is the consideration of the inventory positions of retailers and supplier, and making the decision accordingly. Inventory routing problems are complex in nature and they can be solved either theoretically or using a heuristics method. Metaheuristics is an emerging class of heuristics that can be applied to combinatorial optimization problems. In this paper, we provide the relationship between vendor-managed inventory and inventory routing problem. The proposed genetic for solving vehicle routing problem is described in detail.
University Library System, University of Pittsburgh
2014-03-25 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/31
EMAJ: Emerging Markets Journal; Vol. 3 No. 3 (2014)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/33
2018-07-26T18:00:45Z
emaj:ART
nmb a2200000Iu 4500
"130917 2013 eng "
2158-8708
10.5195/emaj.2013.33
doi
dc
Corporate Governance and Disclosure Quality: Taxonomy of Tunisian Listed Firms Using the Decision Tree Method based Approach
Khiari, Wided
This study aims to establish a typology of Tunisian listed firms according to their corporate governance characteristics and disclosure quality. The paper uses disclosed scores to examine corporate governance practices of Tunisian listed firms. A content analysis of 46 Tunisian listed firms from 2001 to 2010 has been carried out and a disclosure index developed to determine the level of disclosure of the companies. The disclosure quality is appreciated through the quantity and also through the nature (type) of information disclosed. Applying the decision tree method, the obtained Tree diagrams provide ways to know the characteristics of a particular firm regardless of its level of disclosure. Obtained results show that the characteristics of corporate governance to achieve good quality of disclosure are not unique for all firms. These structures are not necessarily all of the recommendations of best practices, but converge towards the best combination. Indeed, in practice, there are companies which have a good quality of disclosure but are not well governed. However, we hope that by improving their governance system their level of disclosure may be better. These findings show, in a general way, a convergence towards the standards of corporate governance with a few exceptions related to the specificity of Tunisian listed firms and show the need for the adoption of a code for each context. These findings shed the light on corporate governance features that enhance incentives for good disclosure. It allows identifying, for each firm and in any date, corporate governance determinants of disclosure quality. More specifically, and all being equal, obtained tree makes a rule of decision for the company to know the level of disclosure based on certain characteristics of the governance strategy adopted by the latter.
University Library System, University of Pittsburgh
2013-09-17 10:33:11
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/33
EMAJ: Emerging Markets Journal; Vol. 3 No. 2 (2013)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/35
2018-07-26T16:53:40Z
emaj:ART
nmb a2200000Iu 4500
"130207 2013 eng "
2158-8708
10.5195/emaj.2013.35
doi
dc
DOES EU-INTEGRATION CHANGE AGGLOMERATION PROCESS? THE IMPACT OF EU MEMBERSHIP PROCESS ON THE CITY-SIZE DISTRIBUTION OF TURKEY
Sorhun, Engin
This paper aims to reveal the eventual impacts of European Union (EU) membership process and other conventional factors on the city-size distribution of a candidate country (Turkey). I can state main results as follows: Analyzing from different estimation methods the direct effect of the EU reforms on agglomerating forces rather than congesting forces are revealed to be dominant for Turkey. However, the main impact of the EU membership process has positive but modest coefficient that indicate the weak willingness of the country for EU reforms.
Keywords: Economic itegration, agglomeration, city-size distribution, EU, Turkey.
JEL Classification: F15, F22, R12, R23
University Library System, University of Pittsburgh
2013-02-07 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/35
EMAJ: Emerging Markets Journal; Vol. 3 No. 1 (2013)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/36
2018-07-26T16:58:23Z
emaj:ART
nmb a2200000Iu 4500
"130207 2013 eng "
2158-8708
10.5195/emaj.2013.36
doi
dc
HOW TO GROUP FINANCIAL DATA WITH MAXIMUM HOMOGENEITY?
Baran, Mehmet
Sönmezer, Sıtkı
Grouping may be an obstacle itself or it may have to be improved to extract better information out of a data stream. Finding trends and dividing a population into parts may be crucial for analyses. This paper offers a modified version of Fisher method that may smoothen the cut point transitions and give out better results. Proven methodology is given with a comparison with the original method. The method may be helpful in forming subgroups in financial data, possibly in technical analyses.Keywords: Grouping, Fisher Method, Trends, Cut points
University Library System, University of Pittsburgh
2013-02-07 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/36
EMAJ: Emerging Markets Journal; Vol. 3 No. 1 (2013)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/37
2018-07-26T17:05:53Z
emaj:ART
nmb a2200000Iu 4500
"130207 2013 eng "
2158-8708
10.5195/emaj.2013.37
doi
dc
INTERACTION BETWEEN THE ECONOMIC GROWTH AND THE CONSTRUCTION INDUSTRY: A TIME SERIES ANALYSIS ON TURKEY (2000-2012)
Kargı, Bilal
In this study the relation between the economic growth and the construction industry has been tackled. While the growth the rate of the construction industry in the developing countries is more than the GDP growth rate, it is detected that the percent age it takes in the GDP of developed countries relatively diminishes. On the other hand the construction industry’s growth in the economic fluctuation periods, in the aftermath of a recession, is more than the GDP. These two proposals are tested by the quarterly data of 2000:01-2012:03 for Turkey. Additionally the relation between the economic growth and the construction industry is subjected to the Granger causality test.Keywords: Economic growth, construction industry, time series analysis.
University Library System, University of Pittsburgh
2013-02-07 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/37
EMAJ: Emerging Markets Journal; Vol. 3 No. 1 (2013)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/38
2018-07-26T17:19:13Z
emaj:ART
nmb a2200000Iu 4500
"130207 2013 eng "
2158-8708
10.5195/emaj.2013.38
doi
dc
Economic Barriers to Democratization in MENA
Çelik, Ahmet Alkan
The literature on regime change in the MENA region had claimed the occurrence of political liberalization and democratization during the 1990s, foreseeing a transition from the dominant authoritarianism in the region to politically more liberal regimes. These analyses neglect the state of permanent authoritarian political regimes with the centralized economic power and their role as periphery states in the world system. In this paper, we have reassessed the existing literature on regime change in the MENA region taking into account the economic and political impacts of rentier economies, with a close look at the countries in the region where popular uprisings took place to overthrow authoritarian leaders during the first half of 2011. We have followed Schlumberger's (2002) method of classification and comparative approach in order to pinpoint a correlation between the authoritarian regime's economic power based on resource allocation, its political dominance and the leaders' role in neo-liberal global political economy.
University Library System, University of Pittsburgh
2013-02-07 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/38
EMAJ: Emerging Markets Journal; Vol. 3 No. 1 (2013)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/39
2018-07-27T22:24:23Z
emaj:ART
nmb a2200000Iu 4500
"140305 2014 eng "
2158-8708
10.5195/emaj.2014.39
doi
dc
Heuristic Clustering Algorithms in Ad hoc Networks
Aydın, Nevin
Artvin Çoruh University
The clustering allows dividing the geographical region to be covered into small zones in which each zone can be handled with a powerful node called clusterhead. The clusterheads have direct communication link with each of its members whereas the member nodes of a cluster must go through the clusterhead to communicate with each other. Since choosing clusterheads optimally is an NP-hard problem, existing solutions to this problem are based on heuristic (mostly greedy) approaches. In this paper, we present three well-known heuristic clustering algorithms: the Lowest-ID, the Highest-Degree, and the Node-Weight.
University Library System, University of Pittsburgh
2014-03-25 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/39
EMAJ: Emerging Markets Journal; Vol. 3 No. 3 (2014)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/40
2018-07-31T20:46:01Z
emaj:ART
nmb a2200000Iu 4500
"130917 2013 eng "
2158-8708
10.5195/emaj.2013.40
doi
dc
Impact of Mentoring on Organizational Commitment and Job Satisfaction of Accounting-Finance Academicians Employed in Turkey
Çetin, Ayşe Tansel
Yalova University
Kızıl, Cevdet
Yalova University http://www.cevdetkizil.com https://orcid.org/0000-0003-0196-2386
Zengin, Halil İbrahim
Yalova University
The primary objective of this paper is to investigate the impact of mentoring on organizational commitment and job satisfaction of accounting-finance academicians employed in Turkey. Survey method is utilized in order to reach this goal and questionnaires are distributed to test the effect of mentoring on Turkish accounting-finance scholars’ organizational commitment and job satisfaction. This paper contributes to the literature by pointing out the relationship among mentoring, organizational commitment and job satisfaction, which in turn leads to more efficient mentoring management and necessary measures in Turkish accounting-finance community.
University Library System, University of Pittsburgh
2013-09-17 10:33:11
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/40
EMAJ: Emerging Markets Journal; Vol. 3 No. 2 (2013)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/41
2018-07-26T18:38:38Z
emaj:ART
nmb a2200000Iu 4500
"130917 2013 eng "
2158-8708
10.5195/emaj.2013.41
doi
dc
Changing Dynamics of Foreign Direct Investment in China’s Automotive Industry
Wang, Lingling
Southern New Hampshire University
Fan, Bo
Southern New Hampshire University
Aybar, C. Bulent
Southern New Hampshire University
Ficici, Aysun
Southern New Hampshire University
China’s automotive industry has developed dramatically in recent years as more and more major multinational corporations (MNCs) in this industry began to invest in China. Most of these investments have developed in the form of joint-ventures with Chinese state owned enterprises (SOEs). This paper contributes to the current literature by studying the effect of foreign direct investment (FDI) on the productivity of the automotive industry in China using panel data during the 1999 –2008 period. Channels through which FDI may directly and indirectly affect the productivity are investigated using pooled ordinary least squares model (POLS) and fixed effects model (FES) to estimate the influence of FDI on productivity in the automotive industry. The results suggest that FDI plays a negative role in this industry and suggests that there is a need for Chinese government to modify its policies and practices in order to improve the productivity of such a key industry in the Chinese economy.
University Library System, University of Pittsburgh
2013-09-17 10:33:11
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/41
EMAJ: Emerging Markets Journal; Vol. 3 No. 2 (2013)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/42
2018-07-26T17:47:47Z
emaj:ART
nmb a2200000Iu 4500
"130917 2013 eng "
2158-8708
10.5195/emaj.2013.42
doi
dc
Determinants of loans and deposits strategies of foreign bank subsidiaries in emerging countries
Mili, Mehdi
ISG Sousse
Sahut, Jean-Michel
Geneva School of Business Administration, University of Applied Sciences
Abstract. This paper focuses on the transmission of bank liquidity shocks in Loan and deposit in emerging markets. First, we attempt to identify factors affecting the credit strategy of foreign banks in emerging countries. Second, we test whether depositors exert market discipline on foreign subsidiaries. By combining financial variables of subsidiaries and their parent banks and macroeconomic variables of host and home countries, we investigate the factors that may affect the behavior of depositors. Our empirical approach is based on a Partial Least Squares-Path model that allows us to indentify the causal relationships between the various groups of variables. Our results show that foreign bank lending is determined by the specific financial variables of the parent bank and macroeconomic variables of the country of origin. This support that the strategy's credit of foreign subsidiary is centrally managed at the parent bank and credit supply of subsidiaries depends primary on the financial situation of its parent bank. Finally we find evidence of market discipline exercised over foreign subsidiaries in emerging countries. We show that market discipline is strongly affected by the specific characteristics of the subsidiary.
University Library System, University of Pittsburgh
2013-09-17 10:33:11
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/42
EMAJ: Emerging Markets Journal; Vol. 3 No. 2 (2013)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/43
2018-07-31T20:40:30Z
emaj:ART
nmb a2200000Iu 4500
"130917 2013 eng "
2158-8708
10.5195/emaj.2013.43
doi
dc
Hershey’s Entry to the Australian Market with a New Brand: An Accounting and Marketing Perspective
Kızıl, Cevdet
Yalova University http://www.cevdetkizil.com https://orcid.org/0000-0003-0196-2386
Eddy, Valorie
Southern New Hampshire University
Clary, Laura
Verizon Wireless
Crowell, Katrina
Strategic Media Inc.
This paper discusses the entry of Hershey’s Chocolates Company tothe Australian market with a new brand. For this purpose, background information and key performance indicators about the firm are presented. Also target customers and market summary, market demographics and target customer profile of the firm are mentioned in the context of situational analysis. Then,Hershey’s entry to the Australian market with a new product is proposed by providing and commenting on SWOT analysis, competition environment, accounting-finance indicators, marketing strategy and marketing mix (4P) factors. Thus, a deeper focus on the organization is realized and shared. As aresult, firm’s entry to the Australian market is discussed with a new product by suggesting recent and altered target customer base, customer profile,marketing strategy and marketing mix. Our study evaluates the potential disadvantages and advantages in detail and argues that there is a need for Hershey’s to enter the Australian market with a new product. In general, this article discusses and defends the entry of Hershey’s to Australian market witha new product by logical reasoning and draws a strategic roadmad to reach this goal.
University Library System, University of Pittsburgh
2013-09-17 10:33:11
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/43
EMAJ: Emerging Markets Journal; Vol. 3 No. 2 (2013)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/44
2018-07-26T18:59:11Z
emaj:ART
nmb a2200000Iu 4500
"130917 2013 eng "
2158-8708
10.5195/emaj.2013.44
doi
dc
The New Intellectual Capital Of Turkey: Muslim Intellectuals
Nişancı, Ensar
A new genre of intellectuals has newly arisen in Turkey. They are coming from İslamic backgrounds. They are different from both modernizing elites of State and traditional Ulema of Islam. The most distinctive feature of them is that they are self-confident towards western philosophy and intellectuals, while being pudent towards people. In this article both defining features of new Islamic Intellectuals by comparision and contrast to state intellectuals and ulema.
University Library System, University of Pittsburgh
2013-09-17 10:33:11
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/44
EMAJ: Emerging Markets Journal; Vol. 3 No. 2 (2013)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/45
2018-07-29T12:40:41Z
emaj:ART
nmb a2200000Iu 4500
"140806 2014 eng "
2158-8708
10.5195/emaj.2014.45
doi
dc
The effects of Justice Oriented Service Recovery on Customer Satisfaction and Loyalty in Retail Banks in Ethiopia
Assefa, Efrem Sisay
Debre Berhan University
The principal objective of this study is to investigate the effects of justice oriented service recovery on customer satisfaction in retail banks in Ethiopia. It also attempts to assess how recovery satisfaction in turn affects customer loyalty. In order to realize the research objectives, data were collected through survey questionnaire from a total of 400 customers who have experienced service failures and recovered by the banks during the past one year. The study utilizes the instrument developed by Tax et al. (1998). Findings reveal that, perceived justice namely procedural justice, interactional justice and distributive justice were found to be positively related to recovery satisfaction. Recovery satisfaction is also positively related with customer loyalty.
University Library System, University of Pittsburgh
2014-08-06 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/45
EMAJ: Emerging Markets Journal; Vol. 4 No. 1 (2014)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/46
2018-07-27T22:02:56Z
emaj:ART
nmb a2200000Iu 4500
"140305 2014 eng "
2158-8708
10.5195/emaj.2014.46
doi
dc
Firm, Country and Macroeconomic Determinants of Capital Structure: Evidence from Turkish Banking Sector
Baltacı, Nuri
Gümüşhane Üniversitesi
Ayaydın, Hasan
gumushane university
This study explores the significance of firm-specific, country, and macroeconomic factors in explaining variation in leverage using a sample of banks from Turkish banking sector. The analysis is based on quarterly firm-level data from Turkish banking sector in 2002–2012. We aims to contribute to the empirical capital structure literature in the following ways. Our first contribution comes from assessing the importance of firm-specific factors, country-level factors and industrial factors for capital structure decisions in Turkish banking sector. Second, we employ appropriate and advanced dynamic panel data estimators, Blundell and Bond’s (1998) generalized methods of moment’s estimators (GMM System). We find that leverage is significantly and positively associated with average industry leverage, firm size and GDP growth. We find also that leverage is significantly and negatively associated with tangibility, profitability, inflation and financial risk. The regression results for leverage are both theoretically and empirically plausible for banks in Turkey. Moreover, tangibility, profitability and GDP growth are consistent with the predictions of the pecking order theory, while firm size is consistent with the predictions of the trade-off theory. Our findings suggest that the capital structures of financial and non-financial firms are ultimately determined by the same drivers.
University Library System, University of Pittsburgh
2014-03-25 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/46
EMAJ: Emerging Markets Journal; Vol. 3 No. 3 (2014)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/47
2018-07-27T21:47:01Z
emaj:ART
nmb a2200000Iu 4500
"140305 2014 eng "
2158-8708
10.5195/emaj.2014.47
doi
dc
Organizational Culture Types and Their Effects on Organizational Performance in Turkish Hospitals
Acar, A.Zafer
Okan University, Faculty of Business and Adminisration
Acar, Pınar
Okan University, Faculty of Business and Adminisration
Nowadays a cultural transformation is seen in healthcare industry in Turkey because of important structural changes due to implemented exchange programs and liberalization policies on national basis. In this condition hospitals, as a business, make an effort to gain above average returns while serving the health services. According to the literature, one of the substantial intangible forces that affect performance is organizational culture. Thus, this study aims to identify the dominant organizational culture types of private and public hospitals while make a comparison between their effects on business performance. To examine the research questions a questionnaire survey performed, and data collected from 512 employees of 99 hospitals which are located in large cities of Turkey are analysed by using SPSS 15 program.
University Library System, University of Pittsburgh
2014-03-25 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/47
EMAJ: Emerging Markets Journal; Vol. 3 No. 3 (2014)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/49
2018-07-26T19:14:27Z
emaj:ART
nmb a2200000Iu 4500
"140305 2014 eng "
2158-8708
10.5195/emaj.2014.49
doi
dc
The Effect of Organizational Support, Transformational Leadership, Personnel Empowerment, Work Engagement, Performance and Demographical Variables on the Factors of Psychological Capital
Rodoplu Şahin, Didem
Kocaeli University
Faculty of civil aviation
Department of business and administration of civil aviation
Kocaeli/Turkey
Çubuk, Duygu
Beykent University
Uslu, Tuna
Gedik University
The relation with the work and the role of managers and organizational factors are effective on psychological capital and individual performance of employees. This article investigates the impact of the work engagement, performanmce, empowerment, organizational support and transformational leadership on psychological capital using survey data.
University Library System, University of Pittsburgh
2014-03-25 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/49
EMAJ: Emerging Markets Journal; Vol. 3 No. 3 (2014)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/50
2018-07-27T21:54:26Z
emaj:ART
nmb a2200000Iu 4500
"140305 2014 eng "
2158-8708
10.5195/emaj.2014.50
doi
dc
Investigation of Effects of Accreditation, Institutionalization and Data Communication on Quality Improvement and Employee Performance
Rodoplu Şahin, Didem
Kocaeli University
Faculty of civil aviation
Department of business and administration of civil aviation
Kocaeli/Turkey
Uslu, Tuna
Gedik University
This paper develops a framework for the investigation of individual employee performance, in the light of recent developments in structural empowerment. The authors of this article propose corporate governance, knowledge management, organizational upward and downward communication that may predict employee performance by the mediating effect of quality improvement. The results suggest that upward and downward communication positively influences quality improvement, and is in turn positively influenced by knowledge management and corporate governance. Perceived quality improvement is also found to be a key variable between structural empowerment and employee perceptions.
University Library System, University of Pittsburgh
2014-03-25 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/50
EMAJ: Emerging Markets Journal; Vol. 3 No. 3 (2014)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/51
2018-07-29T12:52:24Z
emaj:ART
nmb a2200000Iu 4500
"140806 2014 eng "
2158-8708
10.5195/emaj.2014.51
doi
dc
Intermediate Appellate Review of Commercial Law Decisions in Turkey
Tepe, Berna
Girne Amerikan Üniversitesi (American University of Kyrenia)
The judiciary in Turkey is still preparing for the expected intermediate appellate review (istinaf) mechanism in Turkey although the official date for its functioning is yet to be specified. Under Turkish law, a first instance court decision can be appealed not because an assertion or a claim is rejected, but due to a substantive or procedural norm of law which should have been applied during the proceedings in an accurate manner. The scope of such review also covers the suitability of the first instance court’s decision. There are nonfunctional aspects to the judicial review as specified in the 2011 Code of Civil Procedure of which a major column of novelties consist of the suspended mechanism of dual appellate review. However, the 2011 Code of Civil Procedure regulates the intermediate appellate review as a series of procedural acts and steps. The reasons to appeal a first instance court’s decision can rather be deduced from the provisions of 2011 Code of Civil Procedure. In order to structure the reasons and stages of the intermediate appellate review in Turkey, a distinction is made in the present article between (i) review over the appeal’s conditions of admissibility, (ii) review of the decision’s legality, (iii) review of the decision’s legitimacy. Rationally, the reasons for intermediate appellate review should be construed as to accomodate at least the grounds for higher appellate review as well as the extraordinary judiciary review. As different areas of private law are based on different principles, it is noteworthy that cases referred to herein pertain to commercial law. Finally, due to the parallelism between the Turkish and the French legal systems, references to decisions given by the French jurisdiction on commercial matters are made throughout the present article.
University Library System, University of Pittsburgh
2014-08-06 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/51
EMAJ: Emerging Markets Journal; Vol. 4 No. 1 (2014)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/52
2018-07-29T09:27:35Z
emaj:ART
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"140305 2014 eng "
2158-8708
10.5195/emaj.2014.52
doi
dc
The Relationship Between the Budget Deficit and Current Account Deficit in Turkey
Erdoğan, Seyfettin
İstanbul Medeniyet University, Faculty of Political Sciences, Department of Economics
Yıldırım, Durmuş Çağrı
Recep Tayyip Erdoğan University, Department of Banking and Finance
One of the most debated topics in Economics literature is the relation between budget deficit and current account deficit. The data obtained from the presence of this kind of relation is leading for policy makers in terms of determining the quality of the policy to be preferred and the economic policy to be pursued. In this study, the relation between budget deficit and current account deficit in Turkey is analyzed for 2001Q2-2012Q2 period. According to the data obtained, budget deficit has negative and statistically meaningful effect on current account balance. On the other hand, budget deficit has negative effect on current account balance in short terms.
University Library System, University of Pittsburgh
2014-03-25 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/52
EMAJ: Emerging Markets Journal; Vol. 3 No. 3 (2014)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/53
2018-07-29T09:52:40Z
emaj:ART
nmb a2200000Iu 4500
"140305 2014 eng "
2158-8708
10.5195/emaj.2014.53
doi
dc
The Data of Labor Market In Turkey and Time Series Analysis On Economic Growth (2000:01-2013:03)
Kargı, Bilal
Aksaray University
In the present study, labor markets were analyzed, in particular, the reasons of low labor force rate to make sense based on the data of Turkish economy. While in the advanced economies, the labor force rate is quite high and has small fluctuations around a certain extent over a long-term. In the Turkish economy, prominently falls in a long-term. Turkey is ranked at 18th by population size and ranked at 17th by GDP in the world and although its population effectively provides labor force rate, it will be highly effective on its economic growth. The study based on cointegration analysis with long-term labor data with respect to the economy of Turkey concluded that labor variables concern with GDP and cointegration in a long-term. In particular, when the presence of strong relation between the growth and the non-institutional population is produced, it is emphasized that the present relation between the growth and the labor variable isn’t strong enough.
University Library System, University of Pittsburgh
2014-03-25 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/53
EMAJ: Emerging Markets Journal; Vol. 3 No. 3 (2014)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/54
2018-07-31T20:47:31Z
emaj:ART
nmb a2200000Iu 4500
"140305 2014 eng "
2158-8708
10.5195/emaj.2014.54
doi
dc
Innovation Driven Emerging Technology from two Contrary Perspectives: A Case Study of Internet
Arslan, Mehmet Lütfi
Istanbul Medeniyet University
Seker, Sadi Evren
Istanbul Medeniyet University
Kızıl, Cevdet
Yalova University http://www.cevdetkizil.com https://orcid.org/0000-0003-0196-2386
Internet is a well, organized technological achievement of human being and a rapidly improving medium through time. All the novel technological achievements like web 2.0 or web 3.0 are new epochs of Internet technology and Internet is spreading in multiple dimensions, reforming the paradigm, and innovating the technology in a self-renewing fashion. In this paper, the technological construction of Internet and the social paradigms are discussed from two contrary perspectives. Either as “problem solvers” or“technical experts”, the characteristics of incumbents of technological positions seems very problematic in terms of their roles in shaping technology. Are they so disinterested and unbiased on creation of technology? Can we reduce their roles as such? How can we make sure that they are neutral? If we put their roles that way, what about freedom of individual decision-making?
University Library System, University of Pittsburgh
2014-03-25 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/54
EMAJ: Emerging Markets Journal; Vol. 3 No. 3 (2014)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/56
2018-07-27T22:20:20Z
emaj:ART
nmb a2200000Iu 4500
"140305 2014 eng "
2158-8708
10.5195/emaj.2014.56
doi
dc
Fashion as a Marketing Tool and Its Communication Aspect in Developing Markets
Alpat, Fatma Engin
beykent university
Textile and Fashion Design Dpt.
Aksu, Yusuf Ziya
Aktin
In this article the idenfication of a fashion product, its variability and the analyses of fashion as an industrial design will be discussed within the framework of fashion product marketing. The process of product creation is closely related to the economic, sociological and psychological factors considered, hence, sociologists and trend setters are working together because the concept of fashion product should be viewed as a determiner of status and power of a certain community. Each group within the community should be defined within a certain status and therefore each status corresponds to a relevant fashion concept. The survival of the fashion designers within the industrial sector could only be plausable if fashion is firstly analyzed conceptually and then applied separately to each group of the community.
University Library System, University of Pittsburgh
2014-03-25 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/56
EMAJ: Emerging Markets Journal; Vol. 3 No. 3 (2014)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/57
2018-07-29T09:59:01Z
emaj:ART
nmb a2200000Iu 4500
"140806 2014 eng "
2158-8708
10.5195/emaj.2014.57
doi
dc
Examining Overreaction in Indian Stock Market for Quarterly News
Khatua, Sitangshu
Heritage Business School, Kolkata, India
Pradhan, Hemant Kumar
XLRI, Jamshedpur, India
Market Overreaction is a very familiar and age-old craze amongst traders. Pigou (1929) defined it as a ‘conducting rod along which an error of optimism or pessimism, once generated, propagates itself about the business world.’ The question of whether or not Indian stock prices market is overreacted during any stock-specific news is best answered by a comprehensive and concurrent analysis of the various tests and data available while using the event study.
This study wants to address the impact of size, volatility and asymmetry in the terms of investors’ overreaction to the firm-specific news not only individually but also jointly. The outcome of this study helps to solve the problem concerning the extent to which quarterly announcements have informational content, and whether the investors are affected by the signals. The present study substantiates the policy recommendation for the market players as well as for the analysts in estimating earning announcement events under different market condition and different market capitalization value of the firm.
University Library System, University of Pittsburgh
2014-08-06 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/57
EMAJ: Emerging Markets Journal; Vol. 4 No. 1 (2014)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/58
2018-07-29T10:57:55Z
emaj:ART
nmb a2200000Iu 4500
"140806 2014 eng "
2158-8708
10.5195/emaj.2014.58
doi
dc
Study on the Shock-transmission Mechanism of Stock Price among China, Russia and India
Chen, Menggen
Prof.
Researchers pay more and more attention on the price comovement-effect among international stock markets. This paper deals with the transmission mechanism of price shocks among three stock markets of China, Russia and India, with a sample of weekly returns. The results showed that the price fluctuation of each market has an influence on other markets, although the price behavior is significantly independent. The impact of external price innovations will last 5 or 6 weeks usually and disappear after about 8 weeks. The pattern of transmission-mechanism for the price shocks is very different from each other. Besides, a further study revealed that the influence of external shocks on the domestic stock price increased significantly among the three markets after the 2008 international financial crisis.
University Library System, University of Pittsburgh
2014-08-06 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/58
EMAJ: Emerging Markets Journal; Vol. 4 No. 1 (2014)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/59
2018-07-29T11:07:50Z
emaj:ART
nmb a2200000Iu 4500
"140806 2014 eng "
2158-8708
10.5195/emaj.2014.59
doi
dc
Factors Effecting E-Learning Preference: An Analysis On Turkish University Students From Government and Private Institutions
Çağlar, Emine Sevinç
Beykent University
Turgut, Tülay
Marmara University
Informationand communications technology has become an important tool in education. The use of online e-learning by members of educational communities isincreasing, and this seems to bean accelerating tendency that will go on for the coming years. So it isimportant to identify and address students’ preferences or their anxieties ine-learning, to offer beneficial programs. Although Turkish educational system,especially in universities, is also taking action parallel to this globaltrend, there is only limited research on the subject. Present study aims tofill this gap, andto identify effective factors while highlighting theircontributions on e-learning preferences of university students. The sample ofthe study consist 606 university students from both government and privateinstitutions which enables group comparisons. Results indicate ‘reduction intraining costs’ and ‘time flexibility of the programs’ are the most valuedfactors to prefer e-learning. On the other hand,having courses and the exams on the internet was not found to be muchfavorable. With respect to demographic variables such as age, gender,private/government university, department, and grade (the year at theuniversity) group differences were identified. Based on the findings,suggestions were presented.
University Library System, University of Pittsburgh
2014-08-06 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/59
EMAJ: Emerging Markets Journal; Vol. 4 No. 1 (2014)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/60
2018-07-29T10:46:19Z
emaj:ART
nmb a2200000Iu 4500
"140806 2014 eng "
2158-8708
10.5195/emaj.2014.60
doi
dc
The Effects of EU Customs Union Integration on Turkish Intra-industry Trade
Yucel, Gulcin Elif
ISTANBUL TECHNICAL UNIVERSITY
EU is the major trade partner of Turkey with a significant share in total trade flows. Since Turkey switched from import substitution strategy to export-led growth strategy in 1980, import restrictions were eliminated. In January 1996, Customs Union (CU) with EU countries was put into force, which is a turning point in Turkey's foreign trade and is a considerable attempt towards trade liberalization. It is generally expected that intra-industry trade (IIT) is greater in the countries that experienced an economic integration. In this paper, the relation between the integration process and the intensity of IIT between Turkey and EU countries will be examined by comparing before-and-after periods of Turkey's CU membership. All calculations are made for the manufacturing sector by using Turkish bilateral trade data for 1990-2009 period and 2-digit ISIC Rev. 3 data.
University Library System, University of Pittsburgh
2014-08-06 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/60
EMAJ: Emerging Markets Journal; Vol. 4 No. 1 (2014)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/62
2018-07-31T20:36:57Z
emaj:ART
nmb a2200000Iu 4500
"140806 2014 eng "
2158-8708
10.5195/emaj.2014.62
doi
dc
Accounting Education Approach in the Context of New Turkish Commercial Code and Turkish Accounting Standards
Kızıl, Cevdet
Yalova University http://www.cevdetkizil.com https://orcid.org/0000-0003-0196-2386
Çetin, Ayşe Tansel
Yalova University
Bulunmaz, Ahmed
Yalova University
The aim of this article is to investigate the impact of new Turkish commercial code and Turkish accounting standards on accounting education. This study takes advantage of the survey method for gathering information and running the research analysis. For this purpose, questionnaire forms are distributed to university students personally and via the internet.
This paper includes significant research questions such as “Are accounting academicians informed and knowledgeable on new Turkish commercial code and Turkish accounting standards?”, “Do accounting academicians integrate new Turkish commercial code and Turkish accounting standards to their lectures?”, “How does modern accounting education methodology and technology coincides with the teaching of new Turkish commercial code and Turkish accounting standards?”, “Do universities offer mandatory and elective courses which cover the new Turkish commercial code and Turkish accounting standards?” and “If such courses are offered, what are their names, percentage in the curriculum and degree of coverage?”
Research contributes to the literature in several ways. Firstly, new Turkish commercial code and Turkish accounting standards are current significant topics for the accounting profession. Furthermore, the accounting education provides a basis for the implementations in public and private sector. Besides, one of the intentions of new Turkish commercial code and Turkish accounting standards is to foster transparency. That is definitely a critical concept also in terms of mergers, acquisitions and investments. Stakeholders of today’s business world such as investors, shareholders, entrepreneurs, auditors and government are in need of more standardized global accounting principles Thus, revision and redesigning of accounting educations plays an important role. Emphasized points also clearly prove the necessity and functionality of this research.
University Library System, University of Pittsburgh
2014-08-06 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/62
EMAJ: Emerging Markets Journal; Vol. 4 No. 1 (2014)
eng
Copyright (c) 0
oai:ojs.emaj.pitt.edu:article/64
2018-07-29T14:02:26Z
emaj:ART
nmb a2200000Iu 4500
"150220 2015 eng "
2158-8708
10.5195/emaj.2015.64
doi
dc
The Effect of Selected Human Resource Management Practices on Employees' Job Satisfaction in Ethiopian Public Banks
Ijigu, Amare Werku
Debre Berhan University
Most of the research has been conducted in the job satisfaction of employees’ on employees job related outcomes but there is little well comprehensive research done that shows the influence of HRM practices on the satisfaction of employees towards a job.
This study is correlational type of research design which is aimed to describe or ascertain if there are significant associations between selected HRM practices and employees’ job satisfaction.
In addition to Correlation and Regression, Descriptive statistics, frequencies and percentages were utilized to analyze the data. Interpretation is made on the mean, frequency, and percentage of the data and summarized by bar graphs and pie charts.
The study result has implied that recruitment and selection is found to have moderate but positive correlation with employees’ job satisfaction and the remaining, training and development, performance appraisal and compensation package found to have strong positive correlation with employees’ job satisfaction. Moreover, the regression result shows that recruitment and selection, training and development, performance appraisal and compensation package have a significant positive impact on job satisfaction.
Each HRM practices in the banks should be a source for employees’ satisfaction and then employees will be loyal and willing to stay in those organizations (Banks) because, employees’ satisfaction on the job will reduce absenteeism and turn over intentions in public banks.
University Library System, University of Pittsburgh
2015-02-20 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/64
EMAJ: Emerging Markets Journal; Vol. 5 No. 1 (2015)
eng
Copyright (c) 2015 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/66
2018-07-29T14:11:25Z
emaj:ART
nmb a2200000Iu 4500
"150220 2015 eng "
2158-8708
10.5195/emaj.2015.66
doi
dc
The Relationship between Gold Prices and Exchange Value of US Dollar in India
Nair, Girish Karunakaran
Stenden University
Choudhary, Nidhi
Banasthali University
Purohit, Harsh
Banasthali University
The inverse relationship between the value of U.S. dollar and that of gold is one of the most talked about relationships in currency markets. The present study is an attempt to understand the impact of recession of 2008 on relationship between exchange rate of US dollar in INR and gold prices in India. The study uses Johansen Co- Integration test to check the long term association between exchange rate of US dollar in INR and gold prices in India and it further uses the Granger Causality Test to check the lead lag relationship between the variables. A separate pre, during and post recession analysis of the variables is done to understand the impact of recession on this relationship. The study highlights how this relationship has changed since the global turmoil.
University Library System, University of Pittsburgh
2015-02-20 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/66
EMAJ: Emerging Markets Journal; Vol. 5 No. 1 (2015)
eng
Copyright (c) 2015 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/67
2018-07-29T14:36:56Z
emaj:ART
nmb a2200000Iu 4500
"150220 2015 eng "
2158-8708
10.5195/emaj.2015.67
doi
dc
Financial Management Challenges In Small And Medium-Sized Enterprises: A Strategic Management Approach
Karadag, Hande
Wharton School, University of Pennslyvania
Abstract :
Due to their significant role in creation of new jobs, rise in GDP, entrepreneurship and innovation, small and medium-sized enterprises (SMEs) are recognized as the the drivers of socio-economic growth, both in developed and developing economies. In Turkey, 99.9 % of all enterprises fall into SME category. Therefore, the significance of SMEs for Turkish economy and society is much higher in Turkey, compared to other emerging and developed countries. Small and medium-sized companies are faced with a number of challenges whereas the problems arising from “poor financial management” are reported as the major causes of business failures in SMEs. Strategic financial management (SFM) which is a research area that has attracted the interest of researchers after 2010, is one of the key managerial areas of SMEs, due to its vital role on the survival, growth and performance of SMEs. The purpose of this paper is to analyze the central role of financial management and identify the financial management challenges and practices that influence the organizational performance in Turkish SMEs, from a strategic management perspective. Within the course of this paper, the importance and challenges of SMEs in Turkey are presented in the first section, while the literature on strategic and financial management in SMEs are reviewed in the second part. In the third section, the recent strategic financial management concept, the implications of strategic financial management practices for SMEs in Turkey and the relationships between strategic financial management practices and SME performance, are discussed. Small and medium sized enterprise finance in Turkey is a developing research area, therefore this paper aims to make a significant contribution to the existing literature by analyzing the major challenges at the conduct of financial management in Turkish SMEs and the influence of strategic financial management practices on the performances of small and medium sized companies in Turkey.Additionally, the conceptual framework developed is expected to be useful to academics in developing an agenda for future empirical research.
University Library System, University of Pittsburgh
2015-02-20 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/67
EMAJ: Emerging Markets Journal; Vol. 5 No. 1 (2015)
eng
Copyright (c) 2015 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/68
2018-07-29T15:31:20Z
emaj:ART
nmb a2200000Iu 4500
"150220 2015 eng "
2158-8708
10.5195/emaj.2015.68
doi
dc
Volatility Transmission Between Dow Jones Stock Index And Emerging Islamic Stock Index: Case Of Subprime Financial Crises
Saadaoui, Amir
Boujelbene, Younes
In the course of the recent global crisis, the stock shocks are distributed and transmitted from their homes in the developed stock market to emerging stock markets. By supporting the development of emerging stock markets, this study aims to see the transmission of volatility between the Dow Jones stock index and the Dow Jones emerging Islamic stock indiex. In this study we have divided the period into three, periods, before, during and after this crisis to demonstrate the resilience of the Islamic market index in response to the global financial crisis. Another aim of this study is to provide a new guide line for investors in emerging stock market before making investment decisions. The data are daily, going from 02/01/2005 until 31/12/2012. To measure the transmission we used bivariate BEKK-GARCH and DCC-GARCH model. The result shows that there is a transmission mainly during the crisis period which means that the crisis affects all the financial assets whether Islamic or not. The same result also shows the preference to invest in both Islamic and classical stock indexes since they are less risky.
University Library System, University of Pittsburgh
2015-02-20 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/68
EMAJ: Emerging Markets Journal; Vol. 5 No. 1 (2015)
eng
Copyright (c) 2015 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/69
2018-07-29T15:42:34Z
emaj:ART
nmb a2200000Iu 4500
"150220 2015 eng "
2158-8708
10.5195/emaj.2015.69
doi
dc
Using Genetic Algorithm For Winter Maintenance Operations: Multi Depot K-Chinese Postman Problem
Akyurt, İbrahim Zeki
Keskinturk, Timur
Kalkancı, Çağatay
In this study, the assignment and routing problem of one of Istanbul’s winter maintenance activities, salt pouring, was scrutinized. The starting point of the study considers the high cost of winter maintenance work, a shrinking assigned budget, high numbers of vehicles and streets to service that the increase in difficulty to solve the problem due to their high numbers. In this respect, the problem was modeled as multi depot k-Chinese postman problem, a type of arc routing problem. This mathematical model was solved by genetic algorithm. For comparison, the current solution, Clarke and Wright Algorithm and Sweep Algorithm were used.
University Library System, University of Pittsburgh
2015-02-20 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/69
EMAJ: Emerging Markets Journal; Vol. 5 No. 1 (2015)
eng
Copyright (c) 2015 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/70
2018-07-29T16:46:59Z
emaj:ART
nmb a2200000Iu 4500
"150220 2015 eng "
2158-8708
10.5195/emaj.2015.70
doi
dc
A Country Specific Approach To IFRS Accounting Policy Choice In The European, Australian And Turkish Context
Akdogan, Nalan
Baskent University
Ozturk, Can
Cankaya University
IAS 8 defines the concept of accounting policy as "the specific principles, bases, conventions, rules and practices applied by an entity in preparing and presenting financial statements". Within the framework of this concept, this research that is derived from International Financial Reporting Standards (IFRS) contributes to the accounting literature by focusing on the alternative accounting policies' debate related to presentation and recognition issues in the European, Australian and Turkish context and concludes that there is an influence of local accounting policies over IFRS practice in Turkey and this influence still exists in Europe and Australia. This shows that as long as diversity in accounting policies of IFRS is present, entities are expected to be inclined to select their local accounting policies by leading to comparability of financial statements within the country rather than between countries in the IFRS context.
University Library System, University of Pittsburgh
2015-02-20 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/70
EMAJ: Emerging Markets Journal; Vol. 5 No. 1 (2015)
eng
Copyright (c) 2015 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/71
2018-07-29T17:06:34Z
emaj:ART
nmb a2200000Iu 4500
"150220 2015 eng "
2158-8708
10.5195/emaj.2015.71
doi
dc
The Role Of Cross Selling In SME Banking: An Analysis From Turkey
Karadag, Hande
Wharton School, University of Pennslyvania, USA
Akman, Vedat
Beykent University
Non-lending activities in SME financing is a phenomenon whose significance has recently been recognized. Provision of different products and services to companies is becoming an important profit center for banks serving SMEs and the supply side of SME financing has been experiencing a shift towards fee-based products and services, mainly due to the risks and challenges associated with SME lending. Despite these important developments in the industry, there are a limited number of studies that focus on the bank activities related with cross-selling to SMEs. This paper aims to address this gap in the literature, by investigating the role of cross selling in SME banking by analyzing the major business models and strategies both at international and local contexts. The study targets to make important contributions to SME finance and in particular SME banking literature, as it highlights the changing market structure in the supply-side of SME banking and pinpoints how best practices in international banking system can form examples for banks that prioritize growth in SME segment.
University Library System, University of Pittsburgh
2015-02-20 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/71
EMAJ: Emerging Markets Journal; Vol. 5 No. 1 (2015)
eng
Copyright (c) 2015 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/73
2018-07-29T17:18:22Z
emaj:ART
nmb a2200000Iu 4500
"150220 2015 eng "
2158-8708
10.5195/emaj.2015.73
doi
dc
The Participation Banking As A Distinctive Method And The Its Growing In The Turkish Finance Market-Period: 2007-2013
Sayım, Ferhat
Yalova University
Financial systems and companies has become the most important reason in the weakness of world economic system. The formation and development process of the financial structure also constitutes the infrastructure of the world economic system. The path of the financial system and development has led to discuss with the financial crisis in 2008-2011. One of the argument topic in order to reduce problems caused by the conventional banking system is alternative financing systems. In Turkey, the corporations based on profit share system which are named participation based banking attention, if the alternative banking systems are considered. These banks which settle on different principles in the risk distribution of the portfolio acquired are analyzed more nowadays. Participation based banks are placed in almost every regulation related to banking terms and get their legal infrastructure more stable in the banking legislation of Turkey.
This study is a 2007-2013 part of research series. We try to find out the place and the importance of participation based banking with the various sub-headings especially in Turkey. We examine the comparative review 2007-2013 data of participation banks which Total Assets, Equity Net Profit, Collected Turkish Currency and Foreign Currency Funds and Bank Loan Funds, figures for the four participation banks in Turkey. We are comparing the total figures with deposit banks for the same period.
One of our primary aim in this essay, to study in the framework of the alternatives of the financial companies and options. These options could be stated as a vibrant and viable well established choice as a non-western model- different from the classical western interest based leading banking system in the globe. Moreover, that participation banking systems’ grow and increase with its resourceful bulk of transactions and shares within the financial market. In addition, we intended to delineate the basic functioning structures, rules, norms, principles, procedures, operations of that alternate banking system in the financial market.
University Library System, University of Pittsburgh
2015-02-20 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/73
EMAJ: Emerging Markets Journal; Vol. 5 No. 1 (2015)
eng
Copyright (c) 2015 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/74
2018-07-29T21:50:21Z
emaj:ART
nmb a2200000Iu 4500
"151112 2015 eng "
2158-8708
10.5195/emaj.2015.74
doi
dc
Consumption Characteristics Mapping of the Base of the Pyramid (BOP) Population in Brazil
Spers, Renata Giovinazzo
University of São Paulo
Wright, James Terence Coulter
University of São Paulo
The objective of this study is to outline a diagnosis of the BoP's population in Brazil, regarding their size and consumption characteristics. This is a relevant and current issue, considering that BoP needs to be understood as a large potential market with its own logic, also representing a large productive potential, which, if well developed, will bring very positive impacts to these communities. To achieve this, a theoretical survey was made. After, search was made based on secondary data about Brazilian BoP population participation and a mapping of their consumption profile, identifying main categories of goods consumed. This research generated meaningful results for society, companies and the Academy, hopefully consolidating a relevant line of research and management education.
University Library System, University of Pittsburgh
2015-11-12 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/74
EMAJ: Emerging Markets Journal; Vol. 5 No. 2 (2015)
eng
Copyright (c) 2015 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/75
2018-07-29T21:43:31Z
emaj:ART
nmb a2200000Iu 4500
"151112 2015 eng "
2158-8708
10.5195/emaj.2015.75
doi
dc
The Relationship between Corporate Performance and Ownership Structure: Evidence from Turkey
Ersoy, Hicabi
Istanbul Commerce University, Department of Banking and Finance
Koy, Ayben
Istanbul Commerce University, Department of Banking and Finance
This study investigates the effects of ownership structure on the performance of the listed companies in Borsa Istanbul Stock Exchange 30 Firms (BIST 30). The main hypothesis of our study is that there is a significant relationship between companies' performances and their ownership structures.
The statistical population includes 19 non-financial companies in the period of years between 2008 and 2013. The results show that the concentration of the large shares of companies one or a few share holders has a negative effect on related firm’s performance.
University Library System, University of Pittsburgh
2015-11-12 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/75
EMAJ: Emerging Markets Journal; Vol. 5 No. 2 (2015)
eng
Copyright (c) 2015 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/76
2018-07-29T21:27:57Z
emaj:ART
nmb a2200000Iu 4500
"151112 2015 eng "
2158-8708
10.5195/emaj.2015.76
doi
dc
Determinants of Debt-Equity Choice – Evidence from Poland
Kazmierska-Jozwiak, Bogna
University of Lodz
Faculty of Management
Poland
Marszałek, Jakub
University of Lodz
Faculty of Management
Poland
Sekuła, Paweł
University of Lodz
Faculty of Management
Poland
The question of debt-equity choice has so far been widely discussed in literature. The aim of the paper is to analyse the determinants of capital structure of Polish enterprises. We analysed factors that may impact the indebtedness. This analysis fills in the gap in worldwide studies with the case of a country representing the group of „emerging markets”. The paper examines capital structure determinants of non-financial companies listed on the Warsaw Stock Exchange. We used five independent variables compatible with the up-to-date achievements in the field. The results indicate that there is an evidence of a significant negative relationship between the size of a company, its growth rate, profitability, tangibility and the level of total debt. The study shows positive relationship between growth prospects of the company and the debt level. The results of the study indicate that the pecking order theory better explains the changes in indebtedness of analysed companies than other capital structure theories. Obtained results are mostly consistent with earlier studies conducted in the Poland and with studies in Western economies.
University Library System, University of Pittsburgh
2015-11-12 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/76
EMAJ: Emerging Markets Journal; Vol. 5 No. 2 (2015)
eng
Copyright (c) 2015 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/79
2018-07-29T21:57:08Z
emaj:ART
nmb a2200000Iu 4500
"151112 2015 eng "
2158-8708
10.5195/emaj.2015.79
doi
dc
Evaluating Banking Profit Performance in Ghana during and post Profit Decline: A five Step Du-Pont Approach
Kusi, Baah Aye
UNIVERSITY OF GHANA
Ansah-Adu, Kwadjo
VALLEY VIEW UNIVERSITY
Agyei, Albert
VALLEY VIEW UNIVERSITY
In this study we aimed at three objectives. First, identify and rank banks based on a composite score comprising of all five du-pont variables. Second, we identify variables in the five step du-pont set up that are most likely to influence bank ROE during and post profit declining periods. And third, we estimate a model to capture the variables that drive bank ROE during and post profit declining periods. We first establish from our rankings that, foreign banks in Ghana performed better during profit declining periods while the local banks performed better in post profit decline periods using the top ten banks as a benchmark in both periods. Employing Pearson correlation coefficients matrix, we recognized that operating profit margin, asset turnover and leverage were most likely to influence bank ROE in both time periods. We further employ OLS regression and find that bank ROE was impacted by operating profit margin and leverage during profit declining periods and post profit decline while tax effect added up in post profit declining periods.
University Library System, University of Pittsburgh
2015-11-12 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/79
EMAJ: Emerging Markets Journal; Vol. 5 No. 2 (2015)
eng
Copyright (c) 2015 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/81
2018-07-29T22:01:23Z
emaj:ART
nmb a2200000Iu 4500
"151112 2015 eng "
2158-8708
10.5195/emaj.2015.81
doi
dc
An Analysis of the Relationship between IFAC Code of Ethics and CPI
Keskin, Ayşe İrem
Kadir Has University
Yılmaz Işık, Elçin
Kadir Has University
Abstract
Code of ethics has become a significant concept as regards to the business world. That is why occupational organizations have developed their own codes of ethics over time. In this study, primarily the compatibility classification of the accounting code of ethics belonging to the IFAC (The International Federation of Accountants) is carried out on the basis of the action plans assessing the levels of usage by the 175 IFAC national accounting organizations. It is determined as a result of the classification that 60,6% of the member organizations are applying the IFAC code in general, the rest 39,4% on the other hand, is not applying the code at all. With this classification, the hypothesis propounding that “The national accounting organizations in highly corrupt countries would be less likely to adopt the IFAC ethic code than those in very clean countries,” is tested using the “Corruption Perception Index-CPI” data. It is determined that the findings support this relevant hypothesis.
University Library System, University of Pittsburgh
2015-11-12 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/81
EMAJ: Emerging Markets Journal; Vol. 5 No. 2 (2015)
eng
Copyright (c) 2015 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/83
2018-07-29T22:07:04Z
emaj:ART
nmb a2200000Iu 4500
"151112 2015 eng "
2158-8708
10.5195/emaj.2015.83
doi
dc
Mutual Fund Performance: Evidence From South Africa
Tan, Ömer Faruk
MEF University, Economics Department
This paper aims to evaluate the performance of South African equity funds between January 2009 and November 2014. This study period overlaps with the study period of quantitative easing during which developing economies in financial markets have been influenced severely. Thanks to the increase in the money supply directed towards the capital markets, a relief was experienced in related markets following the crisis period. During this 5-year 10-month period, in which the relevant quantitative easing continued, Johannesburg Stock Exchange (JSE) yielded approximately %16 compounded on average, per year. In this study, South African equity funds are examined in order to compare these funds' performance within this period.Within this scope- 10 South African equity funds are selected. In order to measure these funds' performances, the Sharpe ratio (1966), Treynor ratio (1965), Jensen's alpha (1968) methods are used. Jensen's alpha is also used in identifying selectivity skills of fund managers. Furthermore, the Treynor & Mazuy (1966) and Henriksson & Merton (1981) regression analysis methods are applied to ascertain the market timing ability of fund managers. Furthermore, Treynor & Mazuy (1966) regression analysis method is applied for market timing ability of fund managers.
University Library System, University of Pittsburgh
2015-11-12 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/83
EMAJ: Emerging Markets Journal; Vol. 5 No. 2 (2015)
eng
Copyright (c) 2015 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/84
2018-07-29T22:15:26Z
emaj:ART
nmb a2200000Iu 4500
"151112 2015 eng "
2158-8708
10.5195/emaj.2015.84
doi
dc
The Effect of Relationship Marketing on Customers’ Loyalty (Evidence from Zemen Bank)
Chakiso, Cherinet Boke
Abstract
Every firm without good marketing team and strategies is bound to fail. In order to be competitive and profitable in the industry, bankers should acquire and retain profitable customers. Definitely this is done with Relationship marketing. Relationship marketing is a philosophy of doing business, a strategic orientation that focuses on keeping and improving current customers rather than acquiring new customers. The aim of this study is to investigate the influence of Relationship marketing underpinnings on customers‟ loyalty. The study also investigated the mediating role of top management commitment between relationship marketing and customers‟ loyalty. The study is based on information collected from both primary and secondary sources of data. The sample for this study is taken from customers of Zemen bank in Addis Ababa. Data analyses were done using frequencies, percentages, means, standard deviations, cross-tabulations, and tables followed by discussions. Moreover, inferential statistics of bivariate correlations and simple and multiple regressions were used. Findings of this study reveal that there is a significant and strong correlation between relationship marketing and customers‟ loyalty. Moreover, the study reveals that there is significant effect of trust, commitment, communication, and gratitude on predicting customers’ loyalty. Of these relationships, Gratitude emerged as the strongest factor which influences customers’ loyalty while conflict management remained statistically insignificant and negligible influence on customers’ loyalty in the cumulative model. However, all underpinnings had statistically significant influence on customers’ loyalty as individual. Moreover, management commitment had mediating effect between relationship marketing and customers’ loyalty. Depending on the findings, practical implications of this study is in order to ensure loyalty among bank customers; bankers should build a better relationship marketing strategy. Therefore, banks competitiveness and profitability will depend on their ability to build strong relationship bonds with their customers continuously. Furthermore, future research directions were also suggested on this study.
University Library System, University of Pittsburgh
2015-11-12 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/84
EMAJ: Emerging Markets Journal; Vol. 5 No. 2 (2015)
eng
Copyright (c) 2015 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/85
2018-07-29T22:21:39Z
emaj:ART
nmb a2200000Iu 4500
"151112 2015 eng "
2158-8708
10.5195/emaj.2015.85
doi
dc
Joint-Stock Corporation under Turkish Commercial Law and the Doctrine of Increasing Shareholder Commitments
Tepe, Berna
Beykent University
ABSTRACT
The principle that the shareholder of a joint-stock company is under the single obligation of paying in his contribution to the equity-capital is in force within the framework of the 2011 Turkish Commercial Code. It appears as if the reinforced principle of “single obligation” critically challenges the relevance of the formerly settled norm of subjecting increase in shareholders’ commitments to unanimous consent of all shareholders. That being said, since the Turkish Commercial Code also contains deviations to the single obligation principle in addition to the fact that the notion of increase is shareholders’ commitments was not made entirely obsolete from the Turkish Commercial Code, the doctrine for subjecting increases in shareholders’ commitments to the general assembly’s unanimous vote is - to an extent - still relevant within the context of the 2011 Turkish Commercial Code.
University Library System, University of Pittsburgh
2015-11-12 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/85
EMAJ: Emerging Markets Journal; Vol. 5 No. 2 (2015)
eng
Copyright (c) 2015 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/87
2018-07-31T20:42:33Z
emaj:ART
nmb a2200000Iu 4500
"151112 2015 eng "
2158-8708
10.5195/emaj.2015.87
doi
dc
Image and Reputation of Yalova City: A Study on Yalova University Students
Kızıl, Cevdet
Istanbul Medeniyet University http://www.cevdetkizil.com https://orcid.org/0000-0003-0196-2386
Atalan, Alican
Yalova University
Recently, the image of a country and city has become a core competitive asset for the government and local authorities and this core competitive asset plays a critical role for domestic and foreign tourists, businessmen, residents of the city, neighbouring cities, investors, entrepreneurs and also the university students. Based on the competitive asset of city image and reputation, the perception needs an effort from a marketing perspective in order to improve the strategies for enhancing quality of life. The aim of this research is to evaluate the city image of Yalova from the eye of Yalova university students. For this purpose, image perception of students on the advantages of city, abstract image elements and residents of the city have been investiageted. The data of research have been collected through the questionnaire methodology. This study is run on 200 students as the research sample. In light of the results of the survey, the overall image perception of students about Yalova city and its residents are determined to be at medium level. Location of Yalova has a very positive perception, while intercity transportation, nature and weather conditions have a positive perception. The city is considered as peaceful, safe and clean, but expensive. Residents of Yalova are evaluated as peaceful. It is also found that, infrastructures and superstructures enhancing the Yalova city image should be improved.
University Library System, University of Pittsburgh
2015-11-12 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/87
EMAJ: Emerging Markets Journal; Vol. 5 No. 2 (2015)
eng
Copyright (c) 2015 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/88
2018-07-30T13:26:30Z
emaj:ART
nmb a2200000Iu 4500
"160202 2016 eng "
2158-8708
10.5195/emaj.2016.88
doi
dc
Global Portfolio Diversification with Emerging Stock Markets
Meriç, İlhan
Rider University
Ding, Jie
Rider University
Meriç, Gülser
Rowan University
Because of their low correlation with each other and with developed stock markets, emerging stock markets are generally mentioned as attractive portfolio diversification prospects for global investors. In this paper, we use the Principal Components Analysis (PCA) method to study the global portfolio diversification opportunities for the investors of seven developed stock markets in twenty emerging stock markets with data for the January 1, 2003-January 1, 2014 period.
University Library System, University of Pittsburgh
2016-02-02 14:46:56
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/88
EMAJ: Emerging Markets Journal; Vol. 6 No. 1 (2016)
eng
Copyright (c) 2016 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/90
2018-07-29T22:31:04Z
emaj:ART
nmb a2200000Iu 4500
"151112 2015 eng "
2158-8708
10.5195/emaj.2015.90
doi
dc
Global Online Entrepreneurship and the Impact of Innovation on Brands
Krom, Ipek
Beykent University, TURKEY
Abstract
The purpose of this paper is to evaluate the significance of innovation driven online entrepreneurship as well as the impact of innovation on brand trust, customer satisfaction and brand loyalty in the extent of service innovations.Global online entrepreneurship was explored on a theoretical basis and correlation and regression analyses were used in order to evaluate the impact of the innovations of Google on brand trust, customer satisfaction and brand loyalty. Furthermore correlation and regression analyses were used in order to find out the relationship between brand loyalty and brand trust and the relationship between brand loyalty and customer relationship in the extent of service industry. The results show a direct and positive relationship between innovation and brand loyalty, a direct and positive relationship between innovation and brand trust and a direct and positive relationship between innovation and customer satisfaction. Furthermore, according to the research findings brand trust and customer satisfaction have a direct and positive relationship with brand loyalty. This research is limited to Google users since it is the most popular search engine worldwide. In this article the impact of innovation on brand trust, customer satisfaction and brand loyalty was evaluated. For future research the impact of innovation on other variables of brand loyalty can be studied.The findings of this study inform the readers about the impact of brand trust, customer satisfaction and brand loyalty on innovation in the extent of service innovations driven by global online entrepreneurship.
University Library System, University of Pittsburgh
2015-11-12 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/90
EMAJ: Emerging Markets Journal; Vol. 5 No. 2 (2015)
eng
Copyright (c) 2015 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/92
2018-07-30T12:48:17Z
emaj:ART
nmb a2200000Iu 4500
"160202 2016 eng "
2158-8708
10.5195/emaj.2016.92
doi
dc
Testing The ‘Black Swan Effect’ on Croatian Stock Market Between 2000 and 2013
Peša, Anita Radman
University of Zadar
Brajković, Ana
University of Zadar
We tested the economic activity and stock exchange of Croatia as a new country of EU in order to investigate the ‘Black Swan effect’ from 2000 to 2013. The empirical findings obtained in application of OLS methodology and Chow breaking point test provide evidence and show that resignation of the Croatian ex Prime Minister lead country successfully to EU, but were also ‘The Black Swan’ event, being unpredictable and having huge impact on political and economic environment in Croatia obtained through CROBEX, Croatian stock exchange indices. Authors conclude that the resignation was connected to one of the first significant cases of corruption in Croatia which has got the negative impact on the economic development of the country in general, dealing at the same time with global recession.
University Library System, University of Pittsburgh
2016-02-02 14:46:56
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/92
EMAJ: Emerging Markets Journal; Vol. 6 No. 1 (2016)
eng
Copyright (c) 2016 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/93
2018-07-30T13:10:50Z
emaj:ART
nmb a2200000Iu 4500
"160202 2016 eng "
2158-8708
10.5195/emaj.2016.93
doi
dc
An Exploratory Study of Presenteeism in Turkish Context
Çetin, Mehmet
Beykent University
Presenteeism has been an emerging research era, where many exploratory questions may be produced. Literature is not very definitive for the conceptualization of the construct in many aspects. There are few studies about the reasons, measurement approaches and positive outcomes of the concept. Studies conducted in Turkish context are even fewer. Paper combines two studies; first study aims to investigate different conceptualizations, possible reasons, negative and positive outcomes of presenteeism. The purpose of the second study is to find out how those concepts structure and relate to each other. Findings provide useful insights for reasons, outcomes and criteria of presenteeism. They also indicate different conceptualization of the concept and there are significant relationships between variables according to the research.
University Library System, University of Pittsburgh
2016-02-02 14:46:56
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/93
EMAJ: Emerging Markets Journal; Vol. 6 No. 1 (2016)
eng
Copyright (c) 2016 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/95
2018-07-30T13:03:48Z
emaj:ART
nmb a2200000Iu 4500
"160202 2016 eng "
2158-8708
10.5195/emaj.2016.95
doi
dc
Factors Affecting the Adoption of Mobile Payment Systems: An Empirical Analysis
Daştan, İkram
Yalova University
Gürler, Cem
Yalova University
The world witnessed a rapid growth in the e-commerce in the recent years. Widespread use of mobile devices in the e-commerce has a role in this augmentation. Associated with growth of trading volume and the introduction of new devices, new products and solutions emerge and they diversify concerning online payments. Consumer attitudes and behaviors may change according to these developments. The purpose of this study is to investigate the factors effecting adoption of mobile payment systems by the consumer. 225 individuals were surveyed online through convenience sampling method. A research model was developed and proposed relationships were tested using structural equation modeling. The empirical findings point out that perceived trust, perceived mobility and attitudes positively affect the adoption of MPS; perceived usefulness and perceived ease of use have no effect on adoption of MPS. Furthermore perceived reputation positively related to perceived trust and finally environmental risk negatively related to perceived trust.
University Library System, University of Pittsburgh
2016-02-02 14:46:56
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/95
EMAJ: Emerging Markets Journal; Vol. 6 No. 1 (2016)
eng
Copyright (c) 2016 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/96
2018-07-30T13:21:58Z
emaj:ART
nmb a2200000Iu 4500
"160202 2016 eng "
2158-8708
10.5195/emaj.2016.96
doi
dc
The Relationship Between Accounting Practices and Effects of Financial Crisis in Turkey: A Case Study on an Oil Company
Çelik, İsmail Erkan
Beykent University
Many reasons lie at the base of all financial crises from the past to the present. If we take into consideration the 2008 subprime mortgage crisis, the only reason cannot be mortgage loans. But the mortgage issue continued to advance and created several other problems. Definitely, the source of mortgage loans problem also had many roots. One of the reasons was the lack of correct use of accounting principles and auditing. This is a strong proof and indicator that, there are many accounting based reasons behind the occurrence of the financial crises. Many examples can be given showing moving away from the basic principles of accounting rules and the general accounting concepts. Moreover, institutions being not fully independent, running creative accounting practices, having problems with fair valuation and transparency issues, presenting unreal financial reports, and sharing misleading audit reports are all related to financial crises.
Furthermore, specific businesses and people abuse accounting rules, standards and related legislation for the sake of their own interests. Accounting and finance history has shown us that, even audit institutions, credit institutions and rating agencies are getting unfair advantages and generating unethical cash by making intentional accounting and finance errors, which is actually categorized as fraud.
The aim of this study is to analyze financial crises and to determine if accounting practices have any relationship with financial crises. The research investigated an oil company’s financial and operational indicators before and after the 2008 financial crises with related tables and figures. Also, an interview was run with the company’s accounting officer. Based on the statements of firm’s accounting officer, correct accounting practices defended firm from several negative effects of the 2008 financial crisis.
University Library System, University of Pittsburgh
2016-02-02 14:46:56
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/96
EMAJ: Emerging Markets Journal; Vol. 6 No. 1 (2016)
eng
Copyright (c) 2016 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/97
2018-07-30T13:15:55Z
emaj:ART
nmb a2200000Iu 4500
"160202 2016 eng "
2158-8708
10.5195/emaj.2016.97
doi
dc
Okun’s Law and Long Term Co-Integration Analysis for OECD Countries (1987-2012)
Kargı, Bilal
Aksaray University
Even though, there are so many so long discussions on the relation between population increase and economic growth, today, general opinion tends to believe that there is a direct relation between population increase and economic growth. This opinion is supported by some empirical studies. Despite an economical growth caused by directly with population growth, it is known that there is a reverse relation between unemployment and growth known as Okun’s Law. This relation, suggesting that every 1 point decrease in unemployment induces a 3 point increase in growth, is tested for many countries. In this study, this hypothesis of Okun is examined and it is found to be true for selected 23 countries, even with the difference in coefficients. At the same time, long term relation between growth and unemployment is tested with the use of time series analysis and long term relation is found for 14 countries. Additionally, tests done for all 34 OECD countries showed that reversed relation between unemployment and growth is valid and they are co-integrated in long run. In this study, countries are categorized according to growth rate as “low”, “normal” and “high” and a consistent unemployment rate for countries with high growth rate could not be seen. In the case of countries with lowest growth rate, generalization that they have quite high unemployment rate can be made.
University Library System, University of Pittsburgh
2016-02-02 14:46:56
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/97
EMAJ: Emerging Markets Journal; Vol. 6 No. 1 (2016)
eng
Copyright (c) 2016 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/98
2018-07-30T13:31:14Z
emaj:ART
nmb a2200000Iu 4500
"160202 2016 eng "
2158-8708
10.5195/emaj.2016.98
doi
dc
The Role of Monetary Policy Announcements on Turkish Banks' Stock Returns
Abdioğlu, Nida
Bandirma Onyedi Eylul University
Aytekin, Sinan
Balikesir University
This paper investigates the impact of monetary policy committee decisions of the Central Bank of the Republic of Turkey on the stock returns of the deposit banks listed in Borsa Istanbul Banks Index (XBANK). The cumulative abnormal returns of the banks are calculated for 2008 and 2012. We report that the monetary policy announcements affect cumulative abnormal returns of the deposits banks both in 2008 and 2012. Since the announcement of the monetary policy decisions created abnormal returns, we conclude that the market does not have semi-strong form efficiency.
University Library System, University of Pittsburgh
2016-02-02 14:46:56
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/98
EMAJ: Emerging Markets Journal; Vol. 6 No. 1 (2016)
eng
Copyright (c) 2016 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/99
2018-07-30T13:42:29Z
emaj:ART
nmb a2200000Iu 4500
"160202 2016 eng "
2158-8708
10.5195/emaj.2016.99
doi
dc
The Impact of Organizational Learning Capability on Product Innovation Performance: Evidence from the Turkish Manufacturing Sector
Yaşar Uğurlu, Özlem
Gaziantep University
Kurt, Mustafa
Yalova University
This study aims to examine the effect of organizational learning capability on product innovation performance in the manufacturing sector using empirical data. A survey was conducted with 120 firms that were on the list of Top 1000 Firms of Turkey and registered with the Istanbul Chamber of Industry, to examine the relationship between the dimensions of organizational learning capability and the dimensions of product innovation performance. The findings of the study indicate a positive relationship between organizational learning capability and product innovation performance.
University Library System, University of Pittsburgh
2016-02-02 14:46:56
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/99
EMAJ: Emerging Markets Journal; Vol. 6 No. 1 (2016)
eng
Copyright (c) 2016 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/101
2018-07-30T21:22:43Z
emaj:Err
nmb a2200000Iu 4500
"170106 2017 eng "
2158-8708
10.5195/emaj.2016.101
doi
dc
Improved Customer Churn and Retention Decision Management Using Operations Research Approach
Adebiyi, Sulaimon Olanrewaju
Department of Business Administration, University of Lagos, Akoka, Lagos. Nigeria
Oyatoye, Emmanuel Olateju
Department of Business Administration,
University of Lagos,
Akoka, Lagos. Nigeria.
Amole, Bilqis Bolanle
Accounting and Business Administration Department, Distance Learning Institute, University of Lagos, Akoka, Lagos. Nigeria
The relevance of operations research cannot be overemphasized, as it provides the best possible results in any given circumstance, through analysis of operations and the use of scientific method thus, this paper explore the combination of two operations research models (analytic hierarchy process and Markov chain) for solving subscribers’ churn and retention problem peculiar to most service firms. A conceptual model for unraveling the problem customer churn and retention decision management was proposed and tested with data on third level analysis of AHP for determining appropriate strategies for customer churn and retention in the Nigeria telecommunication industries. A survey was conducted with 408 subscribers; the sample for the study was selected through multi-stage sampling. Two analytical tools were proposed for the analysis of data. These include: Expert Choice/Excel Solver (using Microsoft Excel) and Windows based Quantitative System for Business (WinQSB). This paper plays important role in understanding various strategies for effective churn and retention management and the ranking of churn and retention drivers in order of importance to stakeholders` decision-making. The study provided a framework for understanding the application of AHP and Markov chain for modeling, analysing and proffering solution to problem of churn and retention. The study recommends organizational strategies (corporate, business and functional) that reverse the churn alternatives with high priority and equally strengthen service delivery on high priority retention alternatives in order to ensure firms sustainable competitive advantage.
An erratum to this article has been published as https://doi.org/10.5195/emaj.2017.131.
University Library System, University of Pittsburgh
2017-01-06 09:11:19
application/pdf
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/101
EMAJ: Emerging Markets Journal; Vol. 6 No. 2 (2016)
eng
Copyright (c) 2017 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/102
2018-07-30T20:47:52Z
emaj:ART
nmb a2200000Iu 4500
"170106 2017 eng "
2158-8708
10.5195/emaj.2016.102
doi
dc
A Comparison of the Financial Characteristics of NAFTA and Latin American Manufacturing Firms
Meric, Gulser
Rowan University
U.S.A.
Haksever, Cengiz
Professor of Decision Sciences
College of Business Administration
Rider University
Lawrenceville, New Jersey 08648
Procaccino, J. Drew
Associate Professor of Information Systems
College of Business Administration
Rider University
Lawrenceville, New Jersey 08648
Meric, Ilhan
Professor of Finance
College of Business Administration
Rider University
Lawrenceville, New Jersey 08648
Comparing the financial characteristics of firms in different countries and different regions has been a popular research topic in finance. However, NAFTA and Latin American manufacturing firms have never been compared. In this paper, we undertake such a study with the MANOVA (Multivariate Analysis of Variance) method and with data drawn from the Research Insight/Global Vintage database in October 2015. Our findings indicate that NAFTA manufacturing firms have less liquidity risk, but more financial risk, compared with Latin American Manufacturing firms. NAFTA manufacturing firms have significantly higher returns on equity due to achieving higher returns on assets and using more financial leverage. Latin American manufacturing firms have more efficient inventory management. However, NAFTA manufacturing firms have more efficient accounts receivable management and total assets management.
University Library System, University of Pittsburgh
2017-01-06 09:11:19
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/102
EMAJ: Emerging Markets Journal; Vol. 6 No. 2 (2016)
eng
Copyright (c) 2017 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/105
2018-07-30T20:42:19Z
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10.5195/emaj.2016.105
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dc
Development of Trade Communication of Iran with Selected Countries
Alipour, Hamidreza
Department of Management and Economics, Rasht Branch, Islamic Azad University,, Rasht, Iran
Gholamipour, Leila
PhD Student in Economics, Islamic Azad University , Kerman, Iran
The present study aimed to determine the trade potential of Iran with 13 countries that have made up the largest volume of foreign trade in the last decade. For this purpose, we have utilized the generalized gravity model and multivariate regression technique with panel data is used to estimate it. The results show that the most important variables affecting the trading volume of Iran are gross domestic product per capita and population, and that geographical distance variable had insignificant impact. On the other hand, the most trade gap of Iran is attributed to Turkey and the United Kingdom and the minimum gap is related to Afghanistan.
University Library System, University of Pittsburgh
2017-01-06 09:11:19
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/105
EMAJ: Emerging Markets Journal; Vol. 6 No. 2 (2016)
eng
Copyright (c) 2017 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/106
2019-08-05T14:19:37Z
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"170922 2017 eng "
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10.5195/emaj.2017.106
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The Role of Participation Banking as Alternative Financing Channels to Substitute for Deposit Banks and its Growth in the Turkish Finance Market - Period: 2007-2015
Sayım, Ferhat
Yalova University http://orcid.org/0000-0002-9271-0469
Financial systems and companies have become the most important reasons in the weakness of world economic system. The formation and development process of the financial structure also constitute the infrastructure of the world economic system. The path of the financial system and development has led to discuss with the financial crisis in 2008-2011. One of the solutions in order to reduce problems caused by the conventional banking system is alternative financing systems. In Turkey, the corporations based on profit share system are named participation banks. These banks which settle on different principles in the risk distribution of the portfolio acquired are analyzed more nowadays. Participation based banks are placed in practically every regulation related to banking terms and get their legal infrastructure more steady in the banking legislation of Turkey. This study is a continuation of a series related to the situation of participation banking in Turkey. On the other hand, the literature and the history of participation banking have been given less attention in this study. Literature information on methods in participation banks has been described in previous work of the series. Two analyzes were conducted in this study. One analysis is interpretive analysis that expresses the situation of applications of participation banking against banking risks. The other is an analysis of the figures of participation banks in Turkey as a continuation of the series. This study is a 2007-2015 part of research series. The study tries to explore the place and the importance of participation based banking with the various sub-headings, especially in Turkey. For this reason, we examine the comparative review 2007-2015 data of participation banks which are composed of Total Assets, Equity Net Profit, Collected Funds and Bank Loan Funds. Then we compare the total figures with deposit banks for the same period in Turkey.
University Library System, University of Pittsburgh
2017-09-22 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/106
EMAJ: Emerging Markets Journal; Vol. 7 No. 1 (2017)
eng
Copyright (c) 2017 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/110
2018-07-30T21:02:45Z
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"170106 2017 eng "
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10.5195/emaj.2016.110
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dc
A New Path for Management Education in an Emerging Country
Çoban Kayacı, Ayşe
İstanbul Medeniyet University
Management education has a long history in Turkey, but it still has so many structural problems. Both scholars and practitioners complain about the inconsistencies with theoretical and practical sides of university education in management field. Lack of critical thinking and ethical values have become first hand problems of management education both globally and nationally. This study focuses on the evolution of management education and its historical problems in the light of global perspectives. Suggestions to solve intrinsic matters in university education for a better human resource quality and business life for Turkey have been made.
University Library System, University of Pittsburgh
2017-01-06 09:11:19
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/110
EMAJ: Emerging Markets Journal; Vol. 6 No. 2 (2016)
eng
Copyright (c) 2017 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/111
2018-07-30T21:14:01Z
emaj:Err
nmb a2200000Iu 4500
"170106 2017 eng "
2158-8708
10.5195/emaj.2016.111
doi
dc
Entrepreneurial University Perspective: Tracking Labor Force Capacity to Support Industrialization Processes in the Emerging Markets, Evidence from Kazakhstan Data
Orynbassarova, Dilara
Nazarbayev University, Graduate School of Education, Astana, Kazakhstan
Industrialisation is considered as main engine of growth in economic development of the most emerging markets. This is especially true for Central Asian transitional countries as Kazakhstan, which obtained independence from the Soviet Union in 1991. For enhancing country’s competitiveness potential, Kazakhstan National Program for 2010-2014 aimed to accelerate industrial-innovative development of the country. While many papers published about the importance of industrialization activities in Kazakhstan, few have focused on examining the current capacity of labor market to meet the industry demand. Main aim of this paper was to investigate if current manpower is adequate to maintain the planned rate of growth in the country. Higher level of economic production led to higher demand of engineering labor force. High demand with low frequency supply created an imbalance in the labor market that resulted what we see as shortage of technically skilled labor. Low frequency of supply is influenced by such factors as high engineers’ outflow rate, low students enrolment and graduation rates, and lack of practical skills of the graduates hired.
An erratum to this article has been published as https://doi.org/10.5195/emaj.2017.132.
University Library System, University of Pittsburgh
2017-01-06 09:11:19
application/pdf
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/111
EMAJ: Emerging Markets Journal; Vol. 6 No. 2 (2016)
eng
Copyright (c) 2017 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/114
2018-07-30T20:58:36Z
emaj:ART
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"170106 2017 eng "
2158-8708
10.5195/emaj.2016.114
doi
dc
Usage of Social Media in City Marketing: A Research on 30 Metropolitan Municipalities in Turkey
Gümüş, Niyazi
Kastamonu University
Rapid changes in information and communication technologies cause serious developments in marketing field similar to every sector. In parallel with these developments, the social media channels which appear as Web 2.0 applications have a number of advantages in comparison with traditional media channels. Social media gained a place in marketing activities because of its advantages. Social media is added on instruments in line with these developments that countries benefit in marketing activities for attracting more tourists, investment and becoming prominent against the other cities. Cities intensively benefit from social media because of social media’s properties like reaching the large masses, low marketing cost, interaction, receiving feedbacks rapidly, etc. Within this context, the purpose of this research is to determine the use statuses of social media by metropolitan municipalities as part of city marketing. In accordance with this purpose, official social media accounts of 30 metropolitan municipalities are investigated between the dates of 01/09/2016 and 30/09/2016, then their shares in social media channels are investigated in the context of city marketing.It is observed that two metropolitan municipalities do not have official Facebook accounts, four metropolitan municipalities do not have an official Twitter account as well. Again, it is found that 19 metropolitan municipalities do not have an official Instagram account and 17 metropolitan municipalities do not have official YouTube account. In consequence, it is observed that, our metropolitan municipalities do not benefit from social media effectively for city marketing activities.
University Library System, University of Pittsburgh
2017-01-06 09:11:19
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/114
EMAJ: Emerging Markets Journal; Vol. 6 No. 2 (2016)
eng
Copyright (c) 2017 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/117
2018-07-31T20:38:49Z
emaj:ART
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"170106 2017 eng "
2158-8708
10.5195/emaj.2016.117
doi
dc
Book Review of “The Real Warren Buffett - Managing Capital, Leading People”
Kızıl, Cevdet
Istanbul Medeniyet University http://www.cevdetkizil.com https://orcid.org/0000-0003-0196-2386
This paper reviews and discusses the book titled “The Real Warren Buffett – Managing Capital, Leading People” by James O’Loughlin. The mentioned book details the managerial skills, financial expertise and leadership approach of Warren Buffett. Practical lessons of Warren Buffett are also included in “The Real Warren Buffett – Managing Capital, Leading People” and how he became the second richest man in United States are mentioned.
University Library System, University of Pittsburgh
2017-01-06 09:11:19
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/117
EMAJ: Emerging Markets Journal; Vol. 6 No. 2 (2016)
eng
Copyright (c) 2017 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/120
2019-08-05T14:19:37Z
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"170922 2017 eng "
2158-8708
10.5195/emaj.2017.120
doi
dc
Investment Portfolios in an Emerging Economy: What Drives Portfolio’s Diversification?
Bono Milan, Pedro Luiz Albertin
EAESP-FGV
GVCef: Finance Research Center
Eid Jr., William
EAESP-FGV
GVCef: Finance Research Center
This study sheds light on the investment portfolio’s decisions through behavioral insights. The study intends to identify personal characteristics that drive the level of diversification and lead investors to allocate resources in risky assets in an emergent economy, deepening the discussion about investment decisions and bringing some behavioral insights to the debate. The study has a unique and heterogeneous database of individual financial allocations from Brazil, one of the largest emergent economies. The characteristics of Brazilian investors play an important role in investment decisions, high educated and married investors tend to display diversified portfolios. To invest in risky assets, male investors have a 43% greater likelihood of investing in risky assets than females, highlighting the discussion on gender and investment decisions. Moreover, married investors tend to exhibit conservative portfolios. We observed that traditional investors are under-diversified, allocating primarily in traditional and safety assets. The results suggest that the investment decisions can be subject to psychological biases defined in behavioral finance theory.
University Library System, University of Pittsburgh
2017-09-22 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/120
EMAJ: Emerging Markets Journal; Vol. 7 No. 1 (2017)
eng
Copyright (c) 2017 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/122
2019-08-05T14:19:37Z
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"170922 2017 eng "
2158-8708
10.5195/emaj.2017.122
doi
dc
What Makes Consumers Recall Banner Ads in Mobile Applications
Çiçek, Mesut
Yalova University
Eren-Erdoğmuş, İrem
Marmara University
Daştan, İkram
Yalova University
The uses of mobile advertisements are increasing their popularity across the world. Companies can gather information about the mobile users based on their locations, lifestyle, and preferences via GPS, cookies and browsing history and embed highly personalized banner ads in mobile applications. However, in the literature there is hardly any work on the effectiveness of these highly personalized in-app banner ads. The aim of the study is to reveal which factors affect the effectiveness of in-app banner ads. An experimental study was designed and 209 subjects participated. The results of Ordinal Logistic Regression indicated that prior brand attitude and attitude towards application have a positive effect, while brand engagement with self-concept has a negative effect on the recall of in-app banner ads. Moreover, in-app banner ads are recalled more when they are located in landscape applications and positioned at the top part of the screen. This research provides some implications for future studies and practitioners.
University Library System, University of Pittsburgh
2017-09-22 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/122
EMAJ: Emerging Markets Journal; Vol. 7 No. 1 (2017)
eng
Copyright (c) 2017 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/123
2019-08-05T14:19:37Z
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10.5195/emaj.2017.123
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dc
Target Costing Using Fuzzy Logic
Aslan, Tunay
Istanbul Aydın University
Baral, Gökhan
Sakarya University
Mucedidi, Cüneyt
Independent Researcher
Every business has to earn a profit in order to survive in a competitive environment and it has to plan the profitability it has targeted. Achieving the profitability that the business aimed is only possible by targeting its costs. It is only possible for businesses to achieve profitability that is targeted under uncertain conditions through the use of fuzzy logic method by approximately estimating the target costs. Therefore, the business will predict its target costs with the fuzzy logic method and reach the profitability that was aimed.
University Library System, University of Pittsburgh
2017-09-22 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/123
EMAJ: Emerging Markets Journal; Vol. 7 No. 1 (2017)
eng
Copyright (c) 2017 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/124
2019-08-05T14:19:37Z
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"170922 2017 eng "
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10.5195/emaj.2017.124
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A Research on the Determination of Consumer Perceptions Related to Guerrilla Marketing Methods: Sample of Izmir Province
Onurlubaş, Ebru
Trakya University
In developing technology and differentiating markets, businesses have resorted the way of increasing their competitiveness by taking advantage of new marketing methods in order to stand out in the market. Within this context, companies have started to use different marketing strategies in order to be more effective in the market and to maintain their presence and awareness in different ways. Guerrilla marketing is an important marketing technique that small and medium-sized businesses are using with minimum marketing investments in extraordinary ways at unexpected times to attract attention of the target audience in today's increasingly competitive environment. This study focuses on guerrilla marketing which is an important marketing technique that small and medium-sized enterprises (SMEs) have applied, using unusual methods, in unexpected times, with minimum marketing investments to attract the attention of target audience in today's increasingly competitive environment. In order to determine the consumer perception about guerrilla marketing methods, a survey was applied to 384 people living in İzmir. Factor analysis was applied to the obtained survey data in SPSS 22 statistics program. Three results were obtained. 'Extraordinary' has been identified as the most important factor. The second important factor is 'Interesting and surprising', and the final factor is 'Communication'. Kolmogorov Smirnov test was conducted to determine which tests should be performed on the sub-dimensions of the scale of Consumer Perception on Guerrilla Marketing Methods (SCPGMM). It was determined that the distribution was not normal and Kruskal Wallis and Mann Whitney U tests were applied to the sub-dimensions of SCPGMM. According to the test results, It has been determined that the "Extraordinary" (F1) sub-dimension of the SCPGMM sub-dimensions varies according to gender, age, education and marital status; the "interesting and surprising" (F2) sub-dimension varies according to the education and the "Communication" (F3) sub-dimension varies according to gender and marital status.
University Library System, University of Pittsburgh
2017-09-22 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/124
EMAJ: Emerging Markets Journal; Vol. 7 No. 1 (2017)
eng
Copyright (c) 2017 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/126
2019-08-05T14:19:37Z
emaj:ART
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"170922 2017 eng "
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10.5195/emaj.2017.126
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dc
Gold-Stock Market Relationship: Emerging Markets versus Developed Markets
Seifoddini, Jalal
Islamshahr Branch, Islamic Azad University
Roodposhti, Fraydoon Rahnamay
Science and Research Branch, Islamic Azad University
Kamali, Elahe
Central Tehran Branch, Islamic Azad University
We perform a comparative study on the gold-stock market relationship in U.S. stock market as a developed market and in Iran stock market as an emerging market. By considering appropriate variables for emerging markets and by providing a more proper methodology, we improve earlier studies. According to our findings, the relationship between stock market returns and gold price returns does not follow any specific regimes and that this relationship changes in short and long term returns. It is necessary to mention that in the present research, we did not consider this relationship in major structural changes in the economies and instead considered usual economic circumstances that investors are regularly faced with in their investment decisions.
University Library System, University of Pittsburgh
2017-09-22 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/126
EMAJ: Emerging Markets Journal; Vol. 7 No. 1 (2017)
eng
Copyright (c) 2017 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/127
2019-08-05T14:19:37Z
emaj:ART
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"170922 2017 eng "
2158-8708
10.5195/emaj.2017.127
doi
dc
The Impact of Housing Loans on Economic Growth in Turkey: Times Series Analysis for 2010-2015 Period
Selvi Hanişoğlu, Gülay
Beykent University
Azer, Özlem Arzu
Beykent University
Turkish economy has a growing trend after the 2000-2001 economic crises, although ups and downs were experienced in some periods. Some of the important components of Turkish economy are the construction industry and the related housing industry. The construction industry in Turkey has a multiplier effect in the economy since it uses domestic inputs and creates jobs for the labor. Also, the construction sector actors operate overseas and enable inflow of foreign currency to Turkey, thus fostering economic growth. In the recent years, foreign funds and overseas firms have an increasing interest in Turkish construction industry. The Turkish housing industry as one of the leading components of construction industry has also experienced eye-catching developments in the recent years. Definitely, the Turkish housing industry is now much more competitive compared to former years. The global economic crisis of 2008 originated from the housing industry and had devastating effects all over the world. However, the 2008 global economic crisis had relatively lighter effects in Turkey. Parallel to the improvements in construction and housing industries, several financial alternatives exist today. Banks have diversified their credit products considering the needs of consumers. Moreover, the mortgage law going in effect and the mortgage practices becoming popular have contributed to the progress of housing industry. This study analyzed the effect of housing loans and their diversification on economic growth. The research concentrated on the 2010-2015 period, where the impact of 2008 global crisis has diminished.
University Library System, University of Pittsburgh
2017-09-22 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/127
EMAJ: Emerging Markets Journal; Vol. 7 No. 1 (2017)
eng
Copyright (c) 2017 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/129
2019-08-05T14:19:37Z
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"170922 2017 eng "
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10.5195/emaj.2017.129
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dc
A Research on the Responsibility of Accounting Professionals to Determine and Prevent Accounting Errors and Frauds: Edirne Sample
Adalı, Semanur
Istanbul University
Kızıl, Cevdet
Istanbul Medeniyet University
In this study, the ethical dimensions of accounting professionals related to accounting errors and frauds were examined. Firstly, general and technical information about accounting were provided. Then, some terminology on error, fraud and ethics in accounting were discussed. Study also included recent statistics about accounting errors and fraud as well as presenting a literature review. As the methodology of research, a questionnaire was distributed to 36 accounting professionals residing in Edirne city of Turkey. The collected data were then entered to the SPSS package program for analysis. The study revealed very important results. Accounting professionals think that, accounting chambers do not organize enough seminars/conferences on errors and fraud. They also believe that supervision and disciplinary boards of professional accounting chambers fulfill their responsibilities partially. Attitude of professional accounting chambers in terms of errors, fraud and ethics is considered neither strict nor lenient. But, most accounting professionals are aware of colleagues who had disciplinary penalties. Most important and effective tool to prevent errors and fraud is indicated as external audit, but internal audit and internal control are valued as well. According to accounting professionals, most errors occur due to incorrect data received from clients and as a result of recording. Fraud is generally made in order to get credit from banks and for providing benefits to the organization by not showing the real situation of the firm. Finally, accounting professionals state that being honest, trustworthy and impartial is the basis of accounting profession and accountants must adhere to ethical rules.
University Library System, University of Pittsburgh
2017-09-22 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/129
EMAJ: Emerging Markets Journal; Vol. 7 No. 1 (2017)
eng
Copyright (c) 2017 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/131
2019-08-05T14:19:37Z
emaj:Err
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"170922 2017 eng "
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10.5195/emaj.2017.131
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dc
Correction to: Adebiyi, Sulaimon Olanrewaju, Oyatoye, Emmanuel Olateju, Amole, Bilqis Bolanle “Improved Customer Churn and Retention Decision Management Using Operations Research Approach” Emering Markets Journal 6 (2): 12-21. 10.5195/emaj.2016.101
Editors, Emerging Markets Journal
University affiliations for first author (Adebiyi, Sulaimon Olanrewaju) and third author (Amole, Bilqis Bolanle) were changed. The numbering for Literature Review section was changed from 1 to 2. Accordingly, numbering of all future (next) sections was adjusted. Corrections to figures and tables were made. Table 2.1 is now numbered 1, Figure 2.1 is numbered Figure 1, Figure 1 is numbered Figure 2, Table 4.1 is numbered Table 2, Figure 4.1 is numbered Figure 3, Table 4.2 is numbered Table 3 and Figure 4.2 is numbered Figure 4. A duplicated reference to Adeleke, A and Aminu S.A. (2012) on page 19 was removed. The original article can be found via the DOI http://dx.doi.org/10.5195/emaj.2016.101
University Library System, University of Pittsburgh
2017-09-22 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/131
EMAJ: Emerging Markets Journal; Vol. 7 No. 1 (2017)
eng
Copyright (c) 2017 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/132
2019-08-05T14:19:37Z
emaj:Err
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"170922 2017 eng "
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10.5195/emaj.2017.132
doi
dc
Correction to: Orynbassarova, Dilara “Entrepreneurial University Perspective: Tracking Labor Force Capacity to Support Industrialization Processes in the Emerging Markets, Evidence from Kazakhstan Data” Emering Markets Journal 6 (2): 5-11. 10.5195/emaj.2016.111
Editors, Emerging Markets Journal
Author’s affiliation was indicated as “Independent Researcher, Kazakhstan” when the article was initially submitted. However, author asked for his affiliation to be changed as “Nazarbayev University, Graduate School of Education, Astana, Kazakhstan” after publication. The original article can be found via the DOI http://dx.doi.org/10.5195/emaj.2016.111
University Library System, University of Pittsburgh
2017-09-22 00:00:00
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/132
EMAJ: Emerging Markets Journal; Vol. 7 No. 1 (2017)
eng
Copyright (c) 2017 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/136
2019-08-05T14:19:37Z
emaj:ART
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"180516 2018 eng "
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10.5195/emaj.2017.136
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Evaluation of Performance of Tourism Industry Companies listed in Istanbul Stock Exchange (BIST) by TOPSIS Methodology
Yılmaz, Erdal
Samsun Ondokuz Mayıs University
Aslan, Tunay
Independent Researcher
To evaluate the operations of the companies in the past years and to make forecasts about the future, it is important to evaluate and analyze their financial performance. In this study, the financial performances of tourism enterprises operating in Istanbul Stock Exchange for 2013-2016 are compared with TOPSIS method. As a result of the research, it is determined that the best performances are observed in 2014, 2015 and 2016 for MALT and in 2013 for METUR.
University Library System, University of Pittsburgh
2018-05-16 10:58:37
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/136
EMAJ: Emerging Markets Journal; Vol. 7 No. 2 (2017)
eng
Copyright (c) 2018 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/141
2019-08-05T14:19:37Z
emaj:ART
nmb a2200000Iu 4500
"180516 2018 eng "
2158-8708
10.5195/emaj.2017.141
doi
dc
Comparison between Brazil and the 30 Most Innovative Countries in the World
Moser, Marisa
Universidade Federal de São Paulo
Oliveira, Mauri Aparecido de
UNIFESP
Bueno, Ricardo Luiz Pereira
UNIFESP
Innovation can be defined as the implementation of a new or significantly improved product (good or service), or a process, a new marketing method, a new organizational method in business practices, workplace organization, or external relations. This innovation can be measured by several factors such as investments in research and development, the concentration of high-tech companies traded on the stock exchange, among others. The present study aims to perform a cluster analysis to investigate the behavior of the most innovative countries compared to Brazil. The study contemplates a historical series from the years 2012 to 2015 of the 30 most innovative countries in the world having been added to Brazil. In addition, a series of macroeconomic, political and social variables are considered.
University Library System, University of Pittsburgh
2018-05-16 10:58:37
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/141
EMAJ: Emerging Markets Journal; Vol. 7 No. 2 (2017)
eng
Copyright (c) 2018 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/143
2019-08-05T14:19:37Z
emaj:ART
nmb a2200000Iu 4500
"180516 2018 eng "
2158-8708
10.5195/emaj.2017.143
doi
dc
Comparative Studies of the Use of Management Accounting Information
Zarzycka, Ewelina
University of Lodz http://orcid.org/0000-0002-5347-2883
Dobroszek, Justyna
University of Lodz
Almasan, Alina
West University of Timisoara
Circa, Cristina
West University of Timisoara
The paper uses the phenomenon of isomorphism to present the similarities and differences in the use of management accounting information by managers in Poland and Romania. In order to analyze the set of data obtained from the conducted survey, cluster analysis and descriptive statistics have been applied. The studied managers use mainly management accounting information for planning and control tasks (budgeting) and less for formulating strategy and decision making. In their work, they rather apply financial data than nonfinancial indicators. The findings confirm that management accounting in both countries is strongly influenced by the mechanisms of coercive, normative and mimetic isomorphism connected with their specific economic and political development.
University Library System, University of Pittsburgh
2018-05-16 10:58:37
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/143
EMAJ: Emerging Markets Journal; Vol. 7 No. 2 (2017)
eng
Copyright (c) 2018 EMAJ: Emerging Markets Journal
oai:ojs.emaj.pitt.edu:article/144
2019-08-05T14:19:37Z
emaj:ART
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"180817 2018 eng "
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10.5195/emaj.2018.144
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Innovation and Internationalization of Nigeria Deposit Money Banks
Oladimeji, Moruff Sanjo
Olabisi Onabanjo University
Abosede, Adebiyi Julius
Olabisi Onabanjo University
Eze, Benneth Uchenna
Hallmark University
The study investigated the effect of service and process innovation on internationalization of Nigeria deposit money banks, using a survey research design. A structured questionnaire was administered to a purposively selected sample of seven hundred and sixty five (765) staff of five international banks; from the population of one thousand six hundred and fifteen (1615) staff of strategy and international operation departments of the ten Central Bank of Nigeria (CBN) licensed international banks. Ordinary Least Squares was employed to estimate the regression model and this was done with the aid of STATA 12. The findings revealed that service and process innovation significantly affect bank’s internationalization. It is therefore recommended that banks seeking internationalization should adopt services and processes innovativeness strategy.
University Library System, University of Pittsburgh
2018-08-17 10:07:40
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/144
EMAJ: Emerging Markets Journal; Vol. 8 No. 1 (2018)
eng
Copyright (c) 2018 Moruff Sanjo Oladimeji, Adebiyi Julius Abosede, Benneth Uchenna Eze
oai:ojs.emaj.pitt.edu:article/146
2019-08-05T14:19:37Z
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10.5195/emaj.2018.146
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Corporate Entrepreneurship and Manufacturing Firms’ Performance
Eze, Benneth Uchenna
Hallmark University https://orcid.org/0000-0003-2676-823X
The study evaluates the effect of corporate entrepreneurship (measured by innovation, proactiveness, risk-taking, strategic renewal and corporate venturing) on the non-financial performance of manufacturing firms in Nigeria (measured by market share and employees satisfaction). The study employed survey research design, through the administration of structured questionnaire to management staff of eight manufacturing firms in Nigeria. The findings revealed that innovation, risk taking, proactiveness, strategic renewal and corporate venturing are all significantly related with manufacturing firms’ non-financial performance. It can therefore be concluded that corporate entrepreneurship (CE) elements (risk-taking, innovation, corporate venturing, proactiveness and strategic renewal) enhance manufacturing firms’ non-financial performance (market share and employees’ satisfaction). It is recommended that manufacturing firms should employ CE elements towards the enhancement of their non-financial performance.
University Library System, University of Pittsburgh
2018-08-17 10:07:40
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/146
EMAJ: Emerging Markets Journal; Vol. 8 No. 1 (2018)
eng
Copyright (c) 2018 Benneth Uchenna Eze
oai:ojs.emaj.pitt.edu:article/147
2019-08-05T14:19:37Z
emaj:ART
nmb a2200000Iu 4500
"180817 2018 eng "
2158-8708
10.5195/emaj.2018.147
doi
dc
Organizational Culture and Intrapreneurship Growth in Nigeria: Evidence from Selected Manufacturing Firms
Eze, Benneth Uchenna
Hallmark University
Abdul, Adekunle
Olabisi Onabanjo University
Nwaba, Emmanuel Kanayo
Olabisi Onabanjo University
Adebayo, Azeez
Olabisi Onabanjo University
The study examines the effect of organizational culture (measured by organizational norms and organizational shared values) on intrapreneurship growth in manufacturing sector of the Nigerian economy. Survey research design was used through the administration of structured questionnaire to members of staff of Nestle Nigeria PLC and PZ Cussons Nigeria PLC. The population of the study consist 2325 and 3500 staff of Nestle Nigeria PLC and PZ Cussons Nigeria PLC respectively. Using the Raosoft sample size determination technique, a sample size of 359 was obtained. The findings revealed that, organizational culture positively and significantly affect intrapreneurship growth in manufacturing firms in Nigeria. The study further revealed that, organizational norms and organizational shared values significantly affect intrapreneurship growth in the manufacturing sector in Nigeria, with coefficient and probability values of (β1=0.982, p<0.05) and (β2=0.901, p<0.05) respectively. The adjusted coefficient of determination (adj. R squared) revealed that, organizational culture elements account for 69.8% variation in intrapreneurship growth. Thus, the study concluded that organizational culture plays a significant role in promoting intrapreneurship growth. It is recommended that, manufacturing firms should enhance their organizational norms as well as their organizational shared values towards the growth of intrapreneurship within their firms.
University Library System, University of Pittsburgh
2018-08-17 10:07:40
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/147
EMAJ: Emerging Markets Journal; Vol. 8 No. 1 (2018)
eng
Copyright (c) 2018 Benneth Uchenna Eze, Adekunle Abdul, Emmanuel Kanayo Nwaba, Azeez Adebayo
oai:ojs.emaj.pitt.edu:article/148
2019-08-05T14:19:37Z
emaj:ART
nmb a2200000Iu 4500
"180817 2018 eng "
2158-8708
10.5195/emaj.2018.148
doi
dc
Company Maturity Matrix
Eckardt, Olga
Independent Researcher
The paper presents a Company Maturity Matrix as the possible interaction between two critical variables in management science: “Anti-Fragile” introduced by Nasim Taleb and measurement of cumulative experience as ability to manage company effectiveness and efficiency. The approach is to develop and represent a model as matrix coming from Boston Group Matrix. Both of variables are known and widely discussed, but the “Anti-Fragile” concept after its introduction has been isolated from other approaches, tools and measurements as a single research field. The aim of this research is to develop a simple framework (model) that could help to deeply understand the maturity level of a company, and use this matrix as the tool to develop different aspects of management in the company. On the next step, this theoretical framework can be used in empirical validation, which will lead to the building of a company life-cycle management.
University Library System, University of Pittsburgh
2018-08-17 10:07:40
application/pdf
http://emaj.pitt.edu/ojs/emaj/article/view/148
EMAJ: Emerging Markets Journal; Vol. 8 No. 1 (2018)
eng
Copyright (c) 2018 Olga Eckardt
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