İşletme Bölümü Koleksiyonu

Permanent URI for this collectionhttps://gcris.khas.edu.tr/handle/20.500.12469/66

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Now showing 1 - 11 of 11

Citation Count: 12
Corporate diversification and firm value: evidence from emerging markets
(Emerald Group Publishing Limited, 2015) Akben Selçuk, Elif
Purpose - The purpose of this paper is to investigate the impact of corporate diversification on firm value in a sample of nine emerging markets including Brazil Chile Indonesia Malaysia Philippines Poland South Africa Thailand and Turkey. For the purpose of this study a company is classified as diversified when it is operating in two or more lines of business defined by the two-digit SIC codes. Design/methodology/approach - Employing panel data from 1568 companies for the period 2005-2010 this paper estimates both a fixed effects model and a dynamic generalized method of moments model. Data are collected both at company level and segment level within each firm. Findings - Overall analysis results suggest that for the period from 2005 to 2010 diversified firms in emerging markets are valued more compared to single-segment firms operating in similar industries providing support for diversification premium. Originality/value - The effect of diversification on company value in emerging markets is an important managerial and public policy concern. Although the literature on developed country diversified firms is rich only a few studies have examined diversification-value relationship in the context of developing countries. Furthermore most previous research on the value effects of corporate diversification in emerging markets has taken the form of case studies within countries and concentrated on the 1990s. This paper tries to fill these gaps by using a larger sample and more recent data and methodology.
Citation Count: 30
Factors Affecting Firm Competitiveness: Evidence from an Emerging Market
(MDPI, 2016) Akben Selçuk, Elif
The objective of this study is to investigate the factors affecting firm competitiveness in an emerging marketTurkey. In the paper competitiveness is proxied by a firm's financial performance. The empirical analysis is based on firms listed on Borsa Istanbul and covers the period between 2005 and 2014. Results from a firm-level panel data model indicate that return on assets is positively related to firm size international sales liquidity and growth and negatively related to leverage and R&D expenditures. On the other hand gross profit margin is positively related to size and international sales and negatively related to leverage and R&D expenditures. Finally results show that Tobin's Q ratio is higher for firms with higher levels of debt and higher liquidity levels.
Citation Count: 8
Family involvement, corporate governance and dividends in Turkey
(Emerald Group Publishing Limited, 2019) Sener, Pinar; Akben Selçuk, Elif
Purpose: The purpose of this paper is to investigate the relationship between dividends and family involvement as well as corporate governance characteristics among Turkish public firms. Design/methodology/approach: Using panel data on Turkish firms listed on the Borsa Istanbul 100 index for 2006–2014 three models are estimated. For the first two models where the dependent variables are the dividend payout ratio and dividend yield respectively tobit regressions are run. The last model which employs a dividend dummy as the dependent variable is estimated with logistic regression. Findings: There is a positive and concave relationship between family ownership and dividends. The existence of a family chairman reduces dividends. There is a positive association between board size and dividends and this relationship is weaker for firms with higher levels of family ownership. Finally the ratio of independent directors on the board is negatively associated with dividends. Practical implications: The findings imply that firms with substantial family ownership and active family participation in management are more likely to send a negative signal to minority shareholders by paying lower dividends. In addition minority shareholders should pay attention to the board structure of firms in which they invest. Originality/value: This study is one of the few to analyze the nonlinear relationship between family ownership and dividend payments as well as the role of family management in a developing country. Second it investigates the role of board characteristics in explaining dividend payment decisions. © 2019 Emerald Publishing Limited.
Citation Count: 12
Financial Literacy among Turkish College Students: The Role of Formal Education, Learning Approaches, and Parental Teaching
(Ammons Scientific Ltd, 2014) Akben Selçuk, Elif; Altıok-Yılmaz, Ayşe
This study assessed financial literacy and its correlates among Turkish college students with special emphasis on the role of formal education learning approaches and parental influences. Financial literacy was measured by the College Student Financial Literacy Survey which assesses knowledge in four areas: general financial management saving and borrowing insurance and investing. 853 Turkish university students were administered the survey (416 men 437 women ; M age = 20.3 yr. SD = 0.6). The mean percentage of correct responses was 45% (SD = 12.8%). Regression results showed that formal finance education in college a deep approach to learning and direct financial teaching by parents were significantly associated with higher financial literacy scores.
Citation Count: 0
The “karakoncolos/kalikancaros” belief in Turkish and Greek sources [Türkçe ve yunanca kaynaklarda karakoncolos/kalikancaros inancı]
(Milli Folklor Dergisi, 2018) Şişmanoğlu Şimşek, Şehnaz
The belief in “karakoncolos/kalikancaros” is seen in a wide geography spreading from Central Anatolia and Black Sea region in Turkey to Balkan Peninsula including Greece Bulgaria and Serbia. Though karakoncolos is defined under different names in Turkish sources the period it is depicted and its features are almost similar. According to this the karakoncolos believed to have emerged on the coldest days of the year is depicted as a creature that is often hairy resembling animal haunting people and disturbing them. One of the first written sources in Turkish that included the belief in karakoncolos is Evliya Çelebi’s Seyahatnâme. Today it is rarely a tradition in games such as “karakoncilo” in the Eastern Black Sea or a belief that has been almost forgotten or even unknown by the majority even though it continues to exist as a trivial image in Turkish literature and cinema. On the other hand this belief often referred to as kalikancaros in Greek was compiled by the folklorist Nikolaos Politis at an early date (1904). In this study first of all referring to the various beliefs concerning kalikancaros in the mentioned compilations of Politis the rewritings of them in the present Greek children’s literature by Filippos Mandilaras will be introduced. In today’s Greece it will be revealed that especially during the Christmas period it continues to exist as a popular figure of the musical performances in schools and in children’s books. When we have a look at the Turkish and Greek compilations of this belief in general which is spread over a wide geographical area we can see that the reviewed Turkish sources are mostly collected from the Eastern Black Sea region and rarely lived as an almost forgotten tradition. Today in Greece also due to the Velloudios’ paintings which still circulate today the mentioned belief continues to exist as a “national” and a popular element of the childrens’ literature. © 2019 Milli Folklor Dergisi. All rights reserved.
Citation Count: 12
Meat Substitutes in Sustainability Context: A Content Analysis of Consumer Attitudes
(Routledge, 2020) Uray, Nimet; Tosun, Petek; Sezgin, Selime; Uray, Nimet
Food consumption affects the environment because it requires the usage of water, land, and oil resources. In particular, the consumption of red meat is associated with sustainability issues. Replacing meat with plant-based meat substitutes offers a useful way of reducing the burden that meat consumption places on the environment and dealing with issues regarding animal welfare. However, consumer acceptance of such products is low in some countries. The purpose of this paper is to clarify consumer attitudes toward meat substitutes and discuss them from a marketing perspective. The findings of this study, which are based on content analyses of web forums in Turkey, indicate that negative consumer perceptions can be categorized into three main dimensions: unhealthy, unusual, and tasteless. A marketing perceptive is used to discuss the findings.
Citation Count: 9
Personality and contextual antecedents of organizational citizenship behavior: A study of two occupational groups
(Cambridge Univ Press, 2014) İmer, Havva Pınar; Kabasakal, Hayat; Dastmalchian, Ali
This paper examines the impact of personality trait of dispositional affect and contextual variables of multiple commitments on organizational citizenship behaviors (OCBs) in two occupational groups. Three dimensions of OCBs were considered: helping civic virtue and sportsmanship behaviors. We used positive and negative affectivity scale to measure dispositional affect. For commitments we examined affective and normative organizational and occupational commitments. The data were collected from 180 engineers and 180 teachers. The findings show that affect multiple commitments and occupation all have significant impacts on different dimensions of OCBs. Dispositional affect had the most influence on all three dimensions of OCBs. In addition helping behavior is affected by normative organizational commitment while civic virtue behavior is influenced by affective commitments (both organizational and occupational) and occupation. Sportsmanship behavior is explained by occupation and affective organizational commitment. Occupation has been shown to make a unique contribution to understanding OCBs. The present study showed that the teachers for example exhibited more civic virtue and sportsmanship behaviors than the engineers. Implications of the findings for future research and practice are discussed.
Citation Count: 4
Political Will, Political Skill, Network Resources and Personal Reputation: A Serial Two-Mediator Model
(Sciendo, 2020) Demirbağ, Orkun; Demir, Hale; Yozgat, Uğur
Purpose: Although social capital and positive reputation in organizations are essential for career success, there is a limited perspective in the literature on the political characteristics (motivation and ability) that enable one to acquire and develop the two elements. This study seeks to investigate the sequential role of political skill and network resources as serial mediators of the political will-personal reputation relationship. Methodology: In total, what provided data for the study were 457 sales executives from 13 different sectors in the cities of Istanbul, Kocaeli, and Bursa, which is an economically leading region of western Turkey. Executives rated their political will, political skill network resources, and personal reputation. Based on the complementary theories of political influence, social network, and signaling, we analyzed the relationships between constructs with structural equation modeling. Findings: Political skill mediated the relationship between political will and network resources, network resources mediated the relationship between political skill and personal reputation, while political skill and network resources sequentially mediated the relationship between political will and personal reputation. Implications: The data were collected from a single source. Practical Implications: Political will, political skill training, and social networks may help individuals manage their personal reputation at work, thus benefiting their careers. Originality/Value: This is one of the first studies to sequentially investigate how individuals' characteristics (motivation and ability) develop their social network and personal reputation at work. Moreover, theories of political influence, social capital, and signaling were jointly used for the first time ever.
Citation Count: 2
Traditional Folklore Forms in Temasa-i Dunya ve Cefakar u Cefakes
(Milli Folklor Dergisi, 2016) Şişmanoğlu Şimşek, Şehnaz
Temasa-i Dunya ve Cefakar u Cefakes written by Evangelinos Misailidis in 1871-1872 has widely been considered to be an adaptation of the Greek novel O Polipathis (1839) and its originality has not been adequately emphasized in past studies. This article suggests that Temasa-i Dunya should be considered an original novel since it incorporates traditional folklore forms peculiar to Ottoman literature which are absent in Polipathis. This study first of all describes the variety and the origins of the traditional folklore forms in Temasa-i Dunya and delineates the literary tools by the help of which they were included in the text. Furthermore it analyzes how these elements affect the narrative discourse and the author's purposes in employing them. The analysis demonstrates that in Temasa-i Dunya oral and print culture materials of both Muslim and non-Muslim origins are embedded in the text primarily in the form of narrative digressions and digressions from the frame story. These digressions carry the marks of the traditional story teller both in terms of functionality and at the discursive level. In other words Misailidis' narrator being an active subject similar to the story teller in the oral culture chooses and manipulates the appropriate traditional story in accordance with the messages he conveys to the Karamanli readership. It can also be said that unrealistic features of traditional stories are eliminated and the stories are presented in a realistic style and content. Moreover the aforementioned narratives help to overcome the limited perspective of the first person narrative and to portray a variety of experiences. Temasa-i Dunya also presents a folkloric panorama of 19th century Istanbul through numerous idioms and proverbs.
Citation Count: 0
Traditional Folklore Forms in Temaşa-i Dünya ve Cefakar-u Cefakeş [Temaşa-i Dünya ve Cefakar-u Cefakeş´te Geleneksel Folklor Biçimleri]
(Milli Folklor Dergisi, 2016) Şişmanoğlu Şimşek, Şehnaz
Temaşa-i Dünya ve Cefakâr u Cefakeş written by Evangelinos Misailidis in 1871-1872 has widely been considered to be an adaptation of the Greek novel O Polipathis (1839) and its originality has not been adequately emphasized in past studies. This article suggests that Temaşa-i Dünya should be considered an original novel since it incorporates traditional folklore forms peculiar to Ottoman literature which are absent in Polipathis. This study first of all describes the variety and the origins of the traditional folklore forms in Temaşa-i Dünya and delineates the literary tools by the help of which they were included in the text. Furthermore it analyzes how these elements affect the narrative discourse and the author’s purposes in employing them. The analysis demonstrates that in Temaşa-i Dünya oral and print culture materials of both Muslim and non-Muslim origins are embedded in the text primarily in the form of narrative digressions and digressions from the frame story. These digressions carry the marks of the traditional story teller both in terms of functionality and at the discursive level. In other words Misailidis’ narrator being an active subject similar to the story teller in the oral culture chooses and manipulates the appropriate traditional story in accordance with the messages he conveys to the Karamanli readership. It can also be said that unrealistic features of traditional stories are eliminated and the stories are presented in a realistic style and content. Moreover the aforementioned narratives help to overcome the limited perspective of the first person narrative and to portray a variety of experiences. Temaşa-i Dünya also presents a folkloric panorama of 19th century Istanbul through numerous idioms and proverbs.
Citation Count: 15
Unpacking the Relationship Between Materialism Status Consumption and Attitude to Debt the Role of Islamic Religiosity
(Emerald Group Publishing Limited, 2016) Yeniaras, Volkan
Purpose - The purpose of the study is to investigate how religiosity affects these relationships inTurkey where consumption is de-stigmatized among a new economic elite with strong ties to Islamism. The literature commonly associates religion and ideology with anti-capitalism and anti-consumption. Although consumer researchers have studied both topics examination of whether materialistic values translate into status consumption and whether religiosity has an effect on the relationship between status consumption and consumer attitude to debt remains scant. Design/methodology/approach - This paper investigates the relationship of materialism to status consumption and the mediating role of Islamic religiosity on the relationship between status consumption and attitude to debt. Structural equations modeling was used on a judgmental sample of 267. Findings - The results showed that the materialistic values positively affect status consumption for the Islamists. This paper concludes that Islamic religiosity not only does not reject consumption but also augments the relationship between status consumption and consumer attitude to debt. Originality/value - The findings have shown that previous studies that identify Islam as a threat to consumerism have overseen the class struggles and the role of status consumption. This paper successfully provided empirical evidence that the religiosity not only does not reject consuming but intensifies the relationship between status consumption and attitude to debt for those with Islamist dispositions.

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