Browsing İşletme Fakültesi / Faculty of Management by Access Type "info:eu-repo/semantics/openAccess"
Now showing items 1-7 of 7
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Corporate risk-taking in developed countries: The influence of economic policy uncertainty and macroeconomic conditions
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Publisher and Date:(Elsevier, 2020)Using 74,974 firm-year observations covering 15 developed European countries over the time period 1999-2017, this paper explores the effect of economic policy uncertainty on corporate risk-taking. The findings indicate that firms become more risk averse with an economic policy uncertainty shock. The relationship is valid under idiosyncratic and earnings volatility risk measures, regardless of whether the macroeconomic condition is favorable or not. Moreover, the competition level in the industry ...
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Economic policy uncertainty, stakeholder engagement, and environmental, social, and governance practices: The moderating effect of competition
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Publisher and Date:(Wiley, 2020)his paper investigates the effect of the economic policy uncertainty (EPU) on corporate environmental, social, and governance practices (ESG), using 6,562 firm-year observations from 15 developed European countries covering the period from 2004 to 2017. The results show that during periods of high uncertainty, firms increase their overall ESG performance, corporate environmental performance, and performance in governance. The relationship is valid for emission, resource use, workforce, management, ...
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Financial inclusion and bank stability: evidence from Europe
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Publisher and Date:(Routledge Journals, 2020)The Great Recession of 2007-2009 piqued the interest of policymakers worldwide, prompting various initiatives to stabilize the financial system and advance financial inclusion. However, few studies have considered their interconnectedness or whether any synergies or trade-offs exist between them. This paper investigates how financial inclusion affects the stability of the European banking system. The findings indicate that advancements in financial inclusion through more account ownership and ...
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Information cascades, short-selling constraints, and herding in equity markets
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Publisher and Date:(Borsa İstanbul Anonim Şirketi, 2020)This paper examines the relationship between informed trading and herding in Borsa İstanbul. Our firm-level cross-sectional analysis asserts that informed trading can significantly increase future herding levels. Furthermore, we show that the relationship between informed trading and herding intensifies under short-selling restrictions. Our results confirm the predictions of the informational cascades framework where the individuals disregard their private information to follow others. We show ...
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Informed trading, order flow shocks and the cross section of expected returns in Borsa Istanbul
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Publisher and Date:(Routledge Journals, 2019)This paper examines the relationship between information asymmetry and stock returns in Borsa Istanbul. For all stocks that are traded in Borsa Istanbul between March 2005 and April 2017, we estimate the probability of informed trading (PIN) to proxy for information asymmetry.? Firm-level cross-sectional regressions indicate a statistically insignificant relationship between PIN estimates and future returns. Moreover, univariate and multivariate portfolio analyses assert that investors that hold ...
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Semantic and syntactic interoperability for agricultural open-data platforms in the context of IoT using crop-specific trait ontologies
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Publisher and Date:(MDPI AG, 2020)In recent years, Internet-of-Things (IoT)-based applications have been used in various domains such as health, industry and agriculture. Considerable amounts of data in diverse formats are collected from wireless sensor networks (WSNs) integrated into IoT devices. Semantic interoperability of data gathered from IoT devices is generally being carried out using existing sensor ontologies. However, crop-specific trait ontologies-which include site-specific parameters concerning hazelnut as a particular ...
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Türkiye'de sürdürülebilir enerji politikaları kapsamında nükleer enerjinin konumu
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Publisher and Date:(İstanbul Üniversitesi, 2012)Küresel iktisadi ve sosyal kalkınmanın önünü açacak olan sürdürülebilir kalkınma politikaları üretmek yirmi birinci yüzyılın önceliklerinden biri haline gelmiştir. Bu tip politikaların izlenebilmesi için ekonomik, sosyal ve çevresel boyutların dâhil edildiği bütünsel bir yaklaşımın gerekmektedir. Enerji meselesi, tam bu boyutların kesişme noktasında yer almaktadır. Bu çerçevede, düşük karbon emisyon salınım değerleri nedeniyle fosil yakıtlara önemli bir alternatif olarak sunulan nükleer enerjinin ...
