International Journal of Commerce and Finance (IJCF - İstanbul Commerce University)
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The Effects of Customs Union on Turkey's Competitiveness and Foreign Trade
Get PDFIn this study we will look at the relations between Turkey and the EU from the perspective of the Custom Union. First we will try to observe and understand the process of the Custom Union and its possible effect on the Turkish economy. Then we will try to understand the problems with Custom Union and its results on the relationships between Turkey and EU countries. Finally, we will make a general assessment in order to cover the whole issue.
The Effect of the Corporate Entrepreneurshıp on the Company Performance: A Study In the Servıce Sector
Get PDFThe purpose of this paper is to find out the effect of the corporate entrepreneurship on the company performance in the service sector. The convenience sampling was used in this study which was conducted to 280 white collar employees who worked in a service sector. The questionnaire was sent to 300 employees. 280 questionnaires were collected back and analyzed. The frequency distribution analyses, factor analyses, reliability analyses, correlation analysis, and multiple regression analysis were conducted to the collected data. The entrepreneurial orientation scale was used from Eren (2006) whereas the company performance scale was used from Zehir (2016). The findings of this research supported the theory. It is found out that the corporate entrepreneurship has a positive effect on the company performance. It is expected that this research will make contributions to studies which will be conducted in the future about the effect of the corporate entrepreneurship on the company performance
A Comparison of Sharia Banks and Conventional Banks in Terms of Efficiency, Asset Quality and Stability in Indonesia for the Period 2008-2016
Get PDFThis research aims to compare the efficiency, asset quality, and bank stability between Islamic banking and conventional banking system in Indonesia in 2008 – 2016. This research used secondary data based on Financial Statement derived from the Financial Service Authority (Otoritas Jasa Keuangan or OJK). The methodology of the study is descriptive by comparing efficiency, asset quality and stability between Islamic banks and conventional banks. The variables used are: (1) overhead cost and cost income ratio as efficiency proxy; (2) the nonperforming loan is a proxy of asset quality; and (3) return on assets and Z score are proxy of stability. The result from statistic data process showed that there were differences in efficiency, asset quality, and stability between Islamic Banking and Conventional Banking where conventional banking more efficient, have better asset quality and more stability than sharia banking. There are some causes of sharia banking weakness such as of Information Technology that still behind of conventional banking, competency, and experience of human resources and the consciousness of the Muslim community to use sharia banking products for their primary financial transaction. Nevertheless, the contribution of sharia banks in improving social welfare has an essential role because the higher the income received, the higher the zakat issued by Islamic banks. Sharia banks as a solution of conventional banking that caused the financial crisis because of the principle of justice and Falah is an essential pillar of sharia banks
The Energy Policies of Eu, Russia, Turkey and Syria
Get PDFToday, global energy politics, mainly determined by oil and natural gas. These policies shape the basis of the regions have the largest share the reserves in Middle East, Central Asia and Caspian Regions.There is a significant global competition in the search for oil and natural gas exploration, production, and delivery to international markets. The fact that Turkey is going to become a country with increasing requests in energy market / sector is important for Turkey to become a strategic country for petrol and natural gas producers. Therefore, supply and demand variety in natural gas and petroleum import, supply security, and the sustainability/continuity of this situaton, energy transportation projects are essential for Turkey
Larry Page: From X to Y
Get PDFTheory X and Theory Y represent assumptions on manager’s attitude towards human nature and behavior. Theory X assumes a negative manager attitude, while Theory Y assumes the opposite. Accordingly, Douglas McGregor, founder of this theory, believed X-type leaders should convert to Y-types if they are to motivate and perform successfully. This work aims to provide real-life support of McGregor’s assumption through a case study on the leadership profile of Larry Page, co-founder and twice CEO of Google and current CEO of Alphabet. Page’s leadership profile drawn from this analysis acts in favor of Theory Y’s assumptions, howev-er, transfer from X appears to have taken place beforehand. The conversion appears to be associated with the benefits anticipated by McGregor
Bad Debt Issues in Islamic Bank: Macro and Micro Influencing (Indonesia Cases)
Get PDFThe research aims to test the influence of the variables affecting Non-Performing Financing (NPF) in this case is Financing Debt Ratio (FDR), Capital Adequacy Ratio (CAR), Operational Expense Ratio against Operation Income (BOPO), Exchange Rate, Inflation and Real National Income (PDBR). The data analysis method used in this study is multiple regression. Regression analysis method, in addition to measuring the strength of the relationship between two or more variables, also shows the direction of the relationship between the dependent variable with the independent variable The result of processing obtained from the value of R2 adjusted equal to 0,362 which means variation or behavior of independent variable that is FDR, CAR, BOPO, Kurs, Inflation, and PDRB able to explain variations or the behavior of the dependent variable that is NPF equal to 36,2%. The rest is equal to 63,8% are variations or actions of other independent variables that affect the NPF but are not included in the model
The Effects of Credit Collection Policy on Portfolio Microfinance Performance
Get PDFThis paper presents the results of the study on the effect of credit collection policy on portfolio risk management among microfinance institutions in Tanzania. The study used cross-sectional survey data of microfinance institutions in three regions of Dar es salaam, Morogoro and Dodoma. Random sampling was employed to obtain a sample of 219 microfinance institutions in all three regions. Multiple linear regression analysis was used to determine the effect of credit collection policy on portfolio at risk of microfinance institutions. Results show that, there is a positive relationship between interest rates charged and portfolio at risk of microfinance institutions. On the other hand, the variable for grace period on loans and loan sizes to borrowers had a negative relationship with portfolio at risk of microfinance institutions. These results suggest that, microfinance institutions can focus on explanatory variables used in the study for enhanced quality of financial performance of the microfinance industry
Determining Influencing Factors of Unemployment in Turkey with MARS Method
Get PDFHigher unemployment rate is the problem of most of the countries in the world. Because of this situation, these countries try to make many actions in order to decrease unemployment rate. However, to make such a recommendation, first of all, the reasons of the unemployment should be analyzed. Within this framework, the aim of this study is to identify the factors which influence unemployment in Turkey. For this purpose, quarterly data for the periods between 2003 and 2016 is evaluated with MARS method. It is concluded that economic growth negatively affects unemployment in Turkey. Another result of this study is that higher inflation rates negatively affect unemployment rate. The last conclusion of this analysis is that interest rate has a positive influence on the unemployment rate. While considering these results, it is recommended that economic performance of the country should be improved and interest rates should be declined to decrease unemployment rate in Turkey. Another recommendation is that implementations, which are aimed to decrease inflation rate, should be controlled carefully because any implementation which aims to decrease inflation rate causes unemployment rate to increase
A Strategic Differentiator in Global Competition: Talent Management
Get PDFWhen the gift called talent meets success, it becomes so intense that no force in the world can stop it. If one works with a team with the right talents, the decision-making and implementation processes will be much faster. Companies focus on capital, information technologies, equipment and top quality processes and act accordingly, but the most important factor of all is “human”. What makes good companies truly big is their ability to attract and keep the right talents. It is difficult to find young talents, and it is even more difficult to retain them. To maintain a competitive advantage in today’s world, retaining the best talents in the organization with commitment is just as important as finding them. Today, the best and the brightest must be included in the team to maintain a competitive advantage. Companies that lose their key employees may miss very important business opportunities. The realization that the most important source that feeds the sustai-nable competitive advantage is talent has led the management to focus all its attention on talents. The increase in the importance attached to talent has helped employees have improved self-confidence and allowed them to turn their creativity into a competitive advantage. From this perspective, talents have allowed for the introduction of new approaches for employees in the management process. This study attempts to explain concepts of functionality, vitality, developing commitment, creating engagement, accountability, which are the key success factors of talent management processes, as well as obstacles to and disadvantages of talent management
An Analysis of Macroeconomic Variables Affecting Real Sector Confidence Index: The Case of Turkey
Get PDFTraditional finance theories are not sufficient to explain investor’s sentiment and psychology. This situation leads to emergence of Behavioral Finance. The aim of this paper is to analyze the macroeconomic factors affecting Real Sector Confidence Index (RSCI) of Central Bank of the Republic of Turkey (CBRT). Within this scope, monthly data for the period between 2007:01 and 2017:03 is analyzed by using Johansen Cointegration Test and Granger Causality Test. According to the results of the analysis, CBRT Composite Leading Indicators Index, Capacity Utilization Rate of Manufacturing Industry (CURMI), Turkish Lira Reference Interest Rate (TRLIBOR) and BIST100 Return Index affect RSCI