192 research outputs found
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HOW TO GROUP FINANCIAL DATA WITH MAXIMUM HOMOGENEITY?
Get PDFGrouping 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 point
Economic Barriers to Democratization in MENA
Get PDFThe 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\u27s (2002) method of classification and comparative approach in order to pinpoint a correlation between the authoritarian regime\u27s economic power based on resource allocation, its political dominance and the leaders\u27 role in neo-liberal global political economy
Impact of Mentoring on Organizational Commitment and Job Satisfaction of Accounting-Finance Academicians Employed in Turkey
Get PDFThe 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
Determinants of loans and deposits strategies of foreign bank subsidiaries in emerging countries
Get PDFAbstract. 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\u27s 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
The New Intellectual Capital Of Turkey: Muslim Intellectuals
Get PDFA 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
DOES EU-INTEGRATION CHANGE AGGLOMERATION PROCESS? THE IMPACT OF EU MEMBERSHIP PROCESS ON THE CITY-SIZE DISTRIBUTION OF TURKEY
Get PDFThis 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, R2
INTERACTION BETWEEN THE ECONOMIC GROWTH AND THE CONSTRUCTION INDUSTRY: A TIME SERIES ANALYSIS ON TURKEY (2000-2012)
Get PDFIn 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
Hershey’s Entry to the Australian Market with a New Brand: An Accounting and Marketing Perspective
Get PDFThis 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
Corporate Governance and Disclosure Quality: Taxonomy of Tunisian Listed Firms Using the Decision Tree Method based Approach
Get PDFThis 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
The Case for Gold Revisited: A Safe Haven Or A Hedge ?
Get PDFThis 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.