192 research outputs found
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The Relationship between Gold Prices and Exchange Value of US Dollar in India
Get PDFThe 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
An Analysis of the Relationship between IFAC Code of Ethics and CPI
Get PDFAbstract 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.
The Relationship Between the Budget Deficit and Current Account Deficit in Turkey
Get PDFOne 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
Factors Effecting E-Learning Preference: An Analysis On Turkish University Students From Government and Private Institutions
Get PDFInformationand 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
Organizational Culture Types and Their Effects on Organizational Performance in Turkish Hospitals
Get PDFNowadays 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
Examining Overreaction in Indian Stock Market for Quarterly News
Get PDFMarket 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
Firm, Country and Macroeconomic Determinants of Capital Structure: Evidence from Turkish Banking Sector
Get PDFThis 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
Heuristic Clustering Algorithms in Ad hoc Networks
Get PDFThe 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
The effects of Justice Oriented Service Recovery on Customer Satisfaction and Loyalty in Retail Banks in Ethiopia
Get PDFThe 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
The Effects of EU Customs Union Integration on Turkish Intra-industry Trade
Get PDFEU 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\u27s 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\u27s 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