Category: Manuscript2

Collaborative Sustainability: Analyzing Economic and Social Outcomes in the Context of Cittaslow

Posted on Saturday February 21st, 2015 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	Collaborative Sustainability: Analyzing Economic and Social Outcomes in the Context of Cittaslow
Author(s):	Elif Üstündağlı, Miray Baybars, Ebru Belkıs Güzeloğlu
Volume:	6
Number:	1
Year:	2015
Page:	125-144
ISSN:	1309-2448

Abstract

Accelerating industrialization increased negative consequences related with resources and ecosystem which in turn increased importance of sustainable development strategies depending on regional dynamicsand local resources. Slow City (Cittaslow) movement serves a collaborative sustainable development model that focuses on both protection of local values and local economy including all stakeholders in the process while supporting social transformations in its own global local network. This study examines the changes in Seferihisar’s – Slow capital city of Turkey – local economy after the membership of Slow City movement in terms of economic and social changes. In this study, purposive sampling was used and the data was collected with interview method from the team of Seferihisar Municipality which actively engaged in Cittaslow activities. The data was analyzed with content analysis method. At the end of the study, it was found that Seferihisar’s local economy is changed in domains of status in global network, local production and consumption and social situation. The unique value of this study is discussing about negative aspects of changes which are not elaborated before and interaction between economic and social transformations.

Keywords:

Sustainability, slow city, collaboration, Seferihisar

JEL Classification:

Q56, H75, R11

Full Text ( ↓ 3011)

Researches within the Scope Of Articles Related Leader-Member Exchange Theory in Turkey: Bibliometric A Content Analysis as Bibliometrically

Posted on Saturday February 21st, 2015 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	Researches within the Scope Of Articles Related Leader-Member Exchange Theory in Turkey: Bibliometric A Content Analysis as Bibliometrically
Author(s):	Ali Murat Alparslan, Ömer Faruk Oktar
Volume:	6
Number:	1
Year:	2015
Page:	107-123
ISSN:	1309-2448

Abstract

The aim of this study is conducting bibliometric content analysis on academic articles related leader-member exchange theory which published in Turkish literature. Thus, the contribution of Turkish literature to leader-member exchange theory will revealed. Moreover, this research will serve as an important assessment to who done research and will do research about this phenomenon. The scope of research, 20 published & accessible empiric article which in domestic literature until 2014 was reviewed. When phenomenon of leader-member exchange was dependent variable, independent variable and mediating variable, the other dependent and independent variables have been introduced. According to result, in order that organizational, personal and leadership factors develop into useful behaviors and attitudes, leader-member exchange has been shown to be a significant mediating role. Creating a culture of collaboration and group climate, transformational leadership, extroverts and self-sufficiency personality increase leader-member interaction, this interaction will increase the effectiveness of the organization, positive work attitudes, psychological empowerment and job performance, and decrease intention of leaving the organization, in fact leads to extra effort by employees for organizations.

Keywords:

Organizational behavior, leader-member exchange, positive work attitudes, bibliometric analysis

JEL Classification:

M54, D23, L2

Full Text ( ↓ 3035)

Logistics Outsourcing and The Role of Logistics Service Providers: A Study About Steel Pipe Production Enterprises in Turkey

Posted on Saturday February 21st, 2015Tuesday February 24th, 2015 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	Logistics Outsourcing and The Role of Logistics Service Providers: A Study About Steel Pipe Production Enterprises in Turkey
Author(s):	Mehmet Selami Yıldız, İlker Turan
Volume:	6
Number:	1
Year:	2015
Page:	79-105
ISSN:	1309-2448

Abstract

Specialization requirement led the outsourcing preferred intensely by firms. Evidently “logistics activities” constitute an important part in the outsourced business activities. In this study, interviews were conducted with the managers from Turkey’s steel pipe production enterprises who have knowledge of logistics management. Fourteen steel pipe enterprises were included in the study. The collected data were analyzed by using quantitative methods and data were obtained by interview and face-to-face interviews. The obtained data were analyzed by using content analysis. The results indicated that inbound and outbound logistics are the logistics functions most commonly outsourced. Furthermore, service quality, reliability and price are the most important factors in the selection of the logistics service providers. And its understood that the enterprises are using logistics outsourcing since the establishment of businesses.

Keywords:

Logistics, logistics service providers, outsourcing, steel pipe production, 3. part logistics

JEL Classification:

M10, M11

Full Text ( ↓ 3292)

An Alternative Approach for Manufacturing Performance Measurement: Preference Selection Index (PSI) Method

Posted on Saturday February 21st, 2015 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	An Alternative Approach for Manufacturing Performance Measurement: Preference Selection Index (PSI) Method
Author(s):	Gökhan Akyüz, Salih Aka
Volume:	6
Number:	1
Year:	2015
Page:	63-77
ISSN:	1309-2448

Abstract

The manufacturing firms have to monitor their performance to maintain competitive advantages and sustain improvements. In this study, an approach based on Preference Selection Index (PSI) is proposed to calculate the manufacturing performance index at a specific time interval. Unlike many methods in the literature, this method offers a systematic approach with simple calculations without the need to determine the relative weights of the criteria. The application was performed in three separate production lines of the company in the glass industry and improvements in the performance of the lines for eight-month period of time were analyzed.

Keywords:

Manufacturing performance, preference selection index method, performance index

JEL Classification:

M11, L61

Full Text ( ↓ 2918)

Short Run and Long Run Reasons That Affect The Nauri Model in Turkey

Posted on Saturday February 21st, 2015 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	Short Run and Long Run Reasons That Affect The Nauri Model in Turkey
Author(s):	Cem Mehmet Baydur, Bora Süslü
Volume:	6
Number:	1
Year:	2015
Page:	43-62
ISSN:	1309-2448

Abstract

In this article, the study is done with the view of Nauri model, Keynes and Classical doctrine. According to the Classical doctrine, while the ratio of technology and mark-up depends on data, the value balance of unemployment level is determined by the share that the employees get from the whole salary. Aggressive salary policy increases the natural unemployment level. According to Nauri, in the situations where the expectations of inflation is right, the natural unemployment level is determined with the demand of salary related to the ratio. To Keynes doctrine, the natural unemployment level is explained with the investment expenses and the demand side. From the point of view of Keynes, instability in investment expenses, insufficiency in demands, decreased productivity increase the natural unemployment level. In the light of this view, between 2000 and 2013, in Turkey the development of variations such as salary, growing, investment which affect Nairu is studied. The evaluation of the natural unemployment is examined from the point of Classical and Keynes doctrine. As a result, it is found that the factor which affects the unemployment in Turkey is insufficiency in the demand.

Keywords:

Nairu, Keynesian doctrine, classic doctrine, ARDL

JEL Classification:

E66, E61, B22

Full Text ( ↓ 3424)

Evaluating the Effects of Various Financial Ratios on Company Financial Performance: Application in Borsa İstanbul

Posted on Saturday February 21st, 2015 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	Evaluating the Effects of Various Financial Ratios on Company Financial Performance: Application in Borsa İstanbul
Author(s):	Eda Oruç Erdoğan, Murat Erdoğan, Vesile Ömürbek
Volume:	6
Number:	1
Year:	2015
Page:	35-42
ISSN:	1309-2448

Abstract

The purpose of this study was to determine the impact on the corporate financial performance to the several financial indicators. Companies that are traded continuously in Borsa İstanbul-30 (BIST-30) between 2002-2013 periods were analyzed in this study for this purpose. Current ratio, earnings per share, leverage ratio, firm size and market value to book value ratio were used as independent variables. Net profit margin was used as a dependent variables. The relationship between variables was analyzed by using panel data. According to the results of analysis, there is a positive and significant relation between corporate performance (t-period) and current ratio and corporate size (t- period) and there is a negative and significant relation between corporate performance (t-period) and leverage ratio (t-period).

Keywords:

Financial ratios, current ratio, leverage ratio, company performance, panel data analysis

JEL Classification:

G30, G32

Full Text ( ↓ 3883)

Tracking Ability and Pricing Efficiency of Exchange Traded Funds: Evidence from Borsa Istanbul

Posted on Saturday February 21st, 2015 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	Tracking Ability and Pricing Efficiency of Exchange Traded Funds: Evidence from Borsa Istanbul
Author(s):	Nazlı Kalfa Baş, Serra Eren Sarıoğlu
Volume:	6
Number:	1
Year:	2015
Page:	19-33
ISSN:	1309-2448

Abstract

The purpose of this study is to evaluate the performance and pricing efficiency of the exchange-traded funds (ETFs) operating in the Turkish Capital Markets. In this paper, we examine the tracking errors and pricing efficiencies of 16 ETFs during the period 2005-2013. This is the first paper that makes an investigation with covering all ETFs in Turkish Capital Markets. Using daily data, we find out that Turkish ETFs underperform their underlying indices. We use three different methods (arithmetic mean, absolute mean and quadratic tracking error) to measure the tracking errors and find that these errors are significantly different from zero. The pricing efficiencies of ETFs are computed using four different methods: premiums and discounts calculated in Turkish Liras (TL) and percentage and absolute values of these calculations. As a result of our analysis, we find that Turkish ETFs are priced closely to their net asset values and there exists no arbitrage opportunities in this context.

Keywords:

Exchange traded funds, tracking error, pricing efficiency, Borsa Istanbul

JEL Classification:

G12, G23

Full Text ( ↓ 2782)

Inflation, Business Cycles, and Commodity Investing in Financialized Markets

Posted on Saturday February 21st, 2015 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	Inflation, Business Cycles, and Commodity Investing in Financialized Markets
Author(s):	Adam Zaremba
Volume:	6
Number:	1
Year:	2015
Page:	1-18
ISSN:	1309-2448

Abstract

Financialization of commodity markets has been a broadly discussed topic in recent years. However, its implications for commodity investors have not yet been fully explored. This paper concentrates on the macroeconomic determinants of commodity returns in financialized and non-financialized markets and on their role for a tactical asset allocation. The study aims to contribute to the academic literature in four ways. First, it provides fresh evidence on the interdependences between commodity returns, inflation and the business activity. Second, it documents increased correlation of the commodity returns with the business activity in the financialized markets. Third, it explores changes in the lead/lag relationship of commodity prices and the business cycle. Fourth, it proves that the commodities retained their inflation hedging abilities in the financialized markets. The computations are based on listings of various commodity indices, which are calculated by S&P-GSCI, JP Morgan, and Dow Jones-UBS, between 1970 and 2013.

Keywords:

Commodities, inflation hedging, macroeconomic determinants, business cycle, financialization

JEL Classification:

G11, G13, Q02

Full Text ( ↓ 2936)

The Role of Corporate Communication and Perception of Justice during Organizational Change Process

Posted on Sunday November 2nd, 2014 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	The Role of Corporate Communication and Perception of Justice during Organizational Change Process
Author(s):	Neşe Saruhan
Volume:	5
Number:	4
Year:	2014
Page:	143-166
ISSN:	1309-2448

Abstract

Today, researchers have been exploring employee’s resistance to change and how to foresee these aversive behaviors during organizational change process (Armenakis & Harris, 2002, Dent & Goldberg, 1999, Oreg & Sverdlik, 2011). Some employees view organizational change in a negative way even if change efforts will results in favorable consequences for them. At this point, communication process has a crucial effect on the perception of employees towards change process. In addition, several studies confirm the role of perceived justice in the organization during organizational change. So, the effects of communication and perception of justice on behaviors of employees during change process and the contribution of communication on resistance to change through perception of organizational justice was explored. The research was conducted among 583 employees in Turkey. The results of the regression analysis showed that perception of organizational justice plays a mediating role between communication to resistance and change.

Keywords:

Change, resistance to change, perception of justice, communication

JEL Classification:

M10, M12

Full Text ( ↓ 3550)

An Investigation on the Relationship Between Credit Volume and Current Account Deficit in Turkey

Posted on Sunday November 2nd, 2014 by

Article Information

Journal:	Business and Economics Research Journal
Title of Article:	An Investigation on the Relationship Between Credit Volume and Current Account Deficit in Turkey
Author(s):	Aydanur Gacener Atış, Fatih Saygılı
Volume:	5
Number:	4
Year:	2014
Page:	129-141
ISSN:	1309-2448

Abstract

Following the 2008 global financial crisis, Turkey’s current account deficit has deteriorated due to a rapid growth of total credit volume and the appreciation of domestic currency. In 2010, the Central Bank of Turkey implemented a new monetary policy to improve domestic financial stability. The new policy was designed to maintain a sustainable current account deficit by reducing total domestic credit volume. The aim of this paper is to explore the impact of the domestic credit volume on Turkey’s current account deficit. The relationship between the credit growth and current account is analyzed by using quarterly data over the period 1998:1-2013:1. An econometric VECM technique and Granger Causality tests are used to analyze and to detect the long-run relationship between variables. Our findings indicate that the total credit growth has a limited but an adverse effect on the current account deficit.

Keywords:

Current account deficit, credit volume, cointegration, granger causality, vector error correction mechanism

JEL Classification:

E42, E51, F32

Full Text ( ↓ 3094)