Editura Fundatia Romania de Maine
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Forecasting Volatility: Evidence from the Bucharest Stock Exchange
Get PDFFinancial series tend to be characterized by volatility and this characteristic affects both financial series of developed markets and emerging markets. Because of the emerging markets have provided major investment opportunities in last decades their volatility have been widely investigated in the literature. The most popular volatility models are the Autoregressive Conditional Heteroscedastic (ARCH) or Generalized Autoregressive Conditional Heteroscedastic (GARCH) models. This paper aims to investigate the volatility of Bucharest Stock Exchange, BET index as an emerging capital market and compare forecasting power for volatility of this index, during 2000-2014. To do this, this paper use several GARCH type models against Normal distribution, Student-t distribution and Generalized Error distribution. Then we provide the testing of the predictive power of these GARCH type models and compare their performances on an in sample test. After comparing the forecasting performance of all models, best model will be found by means of forecasting performance
A Comparison of the Performances of Type A Mutual Funds Before And After 2008 Global Economic Crisis in Turkey
Get PDFLooking from a historical perspective, financial activities contain many crises in itself. This situation seems to be a feature inherent in the existing economic system and as long as this system continues, it becomes inevitable being faced with the crisis. Especially in recent years, with the increasing globalization, the risk of being faced with a crisis has also increased. In the financial markets, savers who wish to evaluate the accumulation by investing in different investment tools may encounter some difficulties in the face of a variety of financial products and in times of crisis. Mutual funds consist of investment tools which have increasing importance in the capital market and give professional management services to savers in accordance with certain principles. Especially in recent years, mutual funds market is rapidly evolving in Turkey, as well as in the international market. Due to these developments, consideration of growing number of investors and growing portfolios of mutual funds emerges as a necessity. The purpose of this study is to compare the performances of type A mutual funds in Turkey for the period before and after the 2008 crisis. The pre-crisis period have been determined as 2005-2007 and the post-crisis period as 2009-2011. Within the scope of application, there are 74 mutual funds of type A, which continuously operated between January 2005 - December 2007 and January 2009 - December 2011, not joined with another fund, not taken over by another fund, not being in liquidation and having complete data. These mutual funds were analyzed by using performance measurement methods
Conflict Management Methods of Managers: An Empirical Study of the Turkish Tourism Industry
Get PDFAlthough considered unwanted by the tourism industry it has been acknowledged that conflict can foster new ideas which contribute in a positive way by providing an opportunity for self-critique and maintaining internal dynamism through change and innovations. For these reasons how to manage conflict is a crucial skill for managers. This research paper aims to determine the extent to which conflict management methods change according to demographic characteristics or the characteristics of the enterprises. It examines the preferences of managers on integrating, obliging, compromising, dominating and avoiding methods. Survey research has been conducted on 1098 tourism enterprise managers, who work at touristic enterprises located in the seven regions of Turkey. The first part of the survey includes questions on the personal characteristics of managers and the general characteristics of their enterprises. The second part includes 28 statements to explore the conflict management strategies of the managers. Percentage, frequency, t-test for independent samples, variance analysis for relational measurement, one-factor variance analysis (Anova) and Bonferroni test have been used. The survey analysis establishes a meaningful relationship between conflict management methods employed by managers, their demographic characteristics and the characteristics of the enterprises they work at
Renewable Energy will supply 50% of Global Electricity by 2030
No full textRenewable Energy will supply 50% of Global Electricity by 203
Factors whıch Efects the Mobıle Taggıng Awareness; A Research on Socıal Medıa Consumers
No full textThis study intends to determine the factors which effects the awareness of social media consumers. The basic assumption of the study is social media consumers awareness about mobile marketing is at high level. Social media consumers follow technology, technological innovation and mobile applications. In the study mobile tags are considered as a brand. Brand awareness is related to the strength of the brand assets in the mind of the consumers. Brand awareness is measured in six ways. This ways are; - Recognition - Recall - Top of mind - Dominant - Information - Belief In the study, the six factors which is used to mesaure brand awereness will be evaluated and then the study is intended to determine factors that effects the awereness of mobile tagging. In the study, the datas will analize in the statistical program SPSS 16.0. datas will get with the survey methodology. The questions of the survey are prepared from the literature about brand awereness and questions ara multiple choice and five-point Likert is used. The main body of the study is the members of the social network which are Facebook, Twitter and LinkedIn. Facebook has 30 million members, Twitter has 6 million members and LinkedIn has 750.000 active users. The main body of the study is consisted by 36.750.000 active social media members. The sample of the study will determine with Simple Random Sampling Method. Hypothesis of the Study; H1: The social media using level of the consumers has effects on the awareness of the mobile tagging of social media consumers. H2: Consumer Interaction Level of Mobile Tagging App have effect on the mobile tagging awareness of social media consumers. H3: Awareness Levels of Mobile Tagging on Social Media have effects on the mobile tagging awareness of social media consumers.
The Women Employees within the Frame of Social Responsability and a Study of the Women Employees at HITIT University
No full textIn many resources, corporate social responsibility is defined as an organization's ethic and responsible attitude towards all the partners in and outside of the instruction, its taking the decisions accordingly and apply them. In the researches that have been carried out recently, the concept of "partner" stands out. Institutions have relatioms with some certain partners such as consurmers,advertisers and workers and so on As these groups include women as well.That is the reason why the studies should be carried out considering the women . This concept has a great role in increasing the number of the social responsibility projects of the institutions that put emphasize on women . Although Turkey signed CEDAW (Committee on the Elimination of Discrimination against Women) which is a legally binding contract and many contracts of ILO which aimed at protecting the equality of men and women, and made some certain laws to protect the equality, it was the 126th country of 130 countries according to the Index of Gender Mainstreaming report published by WEF (World Economic Forum) in 2013. In this regard, the need to replace women in the centre of social responsibility projects is inevitable. As higher education institutions have social and economic relations with society in most of the countries, they should be included in these kind of projects and submit scientific data. Some projects should be prepared based on this issue. In this study, the question of which topics should be emphasized in women studies is examined with the help of the thoughts and notions of women employees at the university
Nowcasting Credit Demand in Turkey With Google Trends Data
Get PDFAge of Big Data and internet has brought variety of opportunities for social researchers on identifying on-going social trends instantly. As internet user base grew exponentially, major internet content search companies have begun to offer data mining products which could extract attitude of on-going trends and identify new trends on web as well. Since 2009, as a pioneer on these web analytics solutions Google has launched Google Trends service, which enables to researchers to examine change of trend on specific keywords. We use weekly Google Trends Index of “General Purpose Loan” (GT) and total out-standing volume of Turkish banking system from the data period of first week of March 2011 to second week of September 2014. In this paper we test whether the Google Analytics search index series can be used as a consistent forecaster of national general purpose loan (GPL] demand in Turkey. We show how to use search engine data to forecast Turkish GPL demand. The results show that Google search query data is successful at nowcasting GPL demand
Perceptions of Disabled Rights in Global Governance Models
Get PDF2011 World Report on Disability shows that disabled people are more exposed to poverty and poor socio-economic consequences. The unemployment rate is higher among people with disabilities and many countries, women are more disadvantaged than men.With "For people with people and equitable, inclusive and development on the basis of human rights" concept forming the basis of the work of the United Nations Conference on Sustainable Development held in June 2012 in Rio de Janeiro underlined that more attention should be given social inclusion, social protection and equity items assuming that economic development often brings environmental degradation and increasing inequality. For sustainable human development, to create employment for individuals with disabilities is not sufficient and productive employment opportunities should be provided, supplying an adequate income and social protection maintaining the basic labor rights. This study focused on international legal instruments and policies related with the work and employment rights for people with disabilities as a human right and aimed to reveal in which level these policies can realize decent work approach
The Partnership between the Public Authorities and NGOs: An Effective Way of Covering the Need for Social Services in Romania
Get PDFThe paper aims to present a number of specific issues regarding the provision of social services by non-governmental organizations (NGOs) from Romania. In the current context of the budget cuts, these organizations play an important role in enhancing the quality of life for disadvantaged groups, such as elderly, disabled, families in need etc. The paper presents the characteristics of NGOs as they emerge in the national legislation and the practical ways in which the collaboration between these organizations and institutions occurs. The partnership between the public authorities and NGOs represents an effective way of covering the need for social services at the national level. The last part of the paper presents statistical data regarding the NGOs’ activity in recent years
The Necessity of Statistics as a Part of Globalization Process. International Comparability in Statistical Analysis
Get PDFThe world wide integration of goods, services and capitals markets due the main part of world economies aspect in this millennium. Globalization is a notion which occurs often in the economic current debates defined through economic interdependence between states, due to increasing the dependence to the world economy. The international economies integration idea appears as a complex process of uses the interdependences among the international economies. The aim of this process is the achievement of a number of objectives by common interest. For a scientific knowledge of national economies as the basic cells of various international integrationist forms classifies these economies depending of some criteria as the economic potential and the capitalization degree. One of the key features of modern information infrastructures is their international dimension. Setting up such structures runs parallel to the internationalization of economic activity and the globalisation of business strategies. We have to keep this in mind for our statistical activities. The world have more than one reality as the economic, social, educational or health systems and structures and we all know that such systems are highly different all over the world. As a precondition for joint international work in statistics, it is necessary to use generally accepted international standards. However, that alone will be not enough. The above mentioned economic and social changes reflect bilaterally on the statistical organization. On one hand, the contents of its work are constantly changing. As the society is changing, the statistics describing its progress must change as well. The provision of relevance of statistical data requires constant revision of its production. On the other hand, as the environment is changing, the conditions under which the statistical organization is working are also changing. Adjusting to the constantly changing conditions of the environment is a challenge in itself for the statistical organization and its management approach. The application of modern management tools of quality can contribute towards the indispensable adjusting of the statistical organization to the changes. Within this framework, the provision of complete respect of principles of quality is of crucial importance during the production of official statistics. The quality in compliance with the European Union recommendations is expressed through six general components of quality