Davutyan, Nurhan

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Profile URL
https://hdl.handle.net/20.500.12469/6877
Name Variants
Davutyan, Nurhan
N.,Davutyan
N. Davutyan
Nurhan, Davutyan
Davutyan, Nurhan
N.,Davutyan
N. Davutyan
Nurhan, Davutyan
Job Title
Email Address
[email protected]
Main Affiliation
International Trade and Finance
Status
Former Staff
Website
ORCID ID
Scopus Author ID
Turkish CoHE Profile ID
Google Scholar ID
WoS Researcher ID

Sustainable Development Goals

NO POVERTY1
NO POVERTY
1
Research Products
ZERO HUNGER2
ZERO HUNGER
0
Research Products
GOOD HEALTH AND WELL-BEING3
GOOD HEALTH AND WELL-BEING
0
Research Products
QUALITY EDUCATION4
QUALITY EDUCATION
0
Research Products
GENDER EQUALITY5
GENDER EQUALITY
0
Research Products
CLEAN WATER AND SANITATION6
CLEAN WATER AND SANITATION
0
Research Products
AFFORDABLE AND CLEAN ENERGY7
AFFORDABLE AND CLEAN ENERGY
0
Research Products
DECENT WORK AND ECONOMIC GROWTH8
DECENT WORK AND ECONOMIC GROWTH
2
Research Products
INDUSTRY, INNOVATION AND INFRASTRUCTURE9
INDUSTRY, INNOVATION AND INFRASTRUCTURE
0
Research Products
REDUCED INEQUALITIES10
REDUCED INEQUALITIES
1
Research Products
SUSTAINABLE CITIES AND COMMUNITIES11
SUSTAINABLE CITIES AND COMMUNITIES
0
Research Products
RESPONSIBLE CONSUMPTION AND PRODUCTION12
RESPONSIBLE CONSUMPTION AND PRODUCTION
0
Research Products
CLIMATE ACTION13
CLIMATE ACTION
0
Research Products
LIFE BELOW WATER14
LIFE BELOW WATER
0
Research Products
LIFE ON LAND15
LIFE ON LAND
0
Research Products
PEACE, JUSTICE AND STRONG INSTITUTIONS16
PEACE, JUSTICE AND STRONG INSTITUTIONS
0
Research Products
PARTNERSHIPS FOR THE GOALS17
PARTNERSHIPS FOR THE GOALS
2
Research Products
This researcher does not have a Scopus ID.
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Scholarly Output

13

Articles

4

Views / Downloads

84/1628

Supervised MSc Theses

5

Supervised PhD Theses

2

WoS Citation Count

34

Scopus Citation Count

42

Patents

0

Projects

0

WoS Citations per Publication

2.62

Scopus Citations per Publication

3.23

Open Access Source

6

Supervised Theses

7

JournalCount
Emerging Markets Finance and Trade1
Journal of Balkan and Near Eastern Studies1
Microfinance for Entrepreneurial Development: Sustainability and Inclusion in Emerging Markets1
Middle East Development Journal1
The European Journal of Finance1
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Scholarly Output Search Results

Now showing 1 - 10 of 11
  • Thumbnail Image
    Book Part
    A "flying high, landing soft" platform for supplier diversity
    (IGI Global, 2016) Chen, Yesho; Davutyan, Nurhan; Ersoy, Iris
    Diversity management has emerged as a unique agenda of today's corporations in the global economy. One important area of corporate diversity management is supplier diversity, which is an inclusive growth program designed to help develop under-represented businesses into competitive suppliers of corporations. A major challenge of supplier diversity is that many minority suppliers lack the capability to deliver products which the corporate buyers need. Another major challenge is that few minority suppliers have the ability to participate in the global markets opportunities. We address these two problems by proposing an innovative "Flying High, Landing Soft" platform for international education in supplier diversity to help multinationals manage their global supplier diversity.
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    Article
    Citation - WoS: 10
    Citation - Scopus: 9
    Efficiency in Turkish Banking: Post-Restructuring Evidence
    (Routledge Journals Taylor & Francis Ltd, 2017) Davutyan, Nurhan; Yıldırım, Canan
    Turkish banking sector went through a significant restructuring process in the aftermath of the country's financial crisis of 2000-2001. In this paper we analyze the evolution of banking performance using a novel approach due to Ray [(2007). Shadow Profit Maximization and a Measure of Overall Inefficiency. Journal of Productivity Analysis 27 231-236]. We derive shadow unrealized profit scores' as well as shadow input-output prices' for each year and bank in the sector from 2002 to 2011. We argue these scores operationalize the Hicksian concept of monopolistic quiet life'. We provide some evidence the sector came closer to the zero profit condition' as well as displaying a closer approximation to the law of one price' over time. We show the variability of these shadow prices' essentially coincides with that of corresponding actual prices. We utilize shadow price information to show that business models and competitive choices of banks differ across ownership types with foreign banks competing on the broadest front compared to state-owned and privately owned Turkish banks.
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    Master Thesis
    Kredi ve Likidite Açısından Kobi-banka İlişki Yönetimi: İstanbul Örneği
    (Kadir Has Üniversitesi, 2013) Apan, Mehmet; Davutyan, Nurhan
    Bu tez calismasi ile KOB'lerin kredi ve likidite acisindan bankalarla iliskilerini nasil yonettiklerinin tespit edilmesi amaclanmistir. Bu kapsamda KOBİ-Banka ?liski Yonetimi icin “Dagitim Kanallari” “Musteri Memnuniyeti” “Kurumsallasma ve Raporlama” “Bilgi ve Uzmanlik” “?letisim Ulasilabilirlik ve İlem Hizi” “Likidite Yonetimi” “Kredinin Yapisi ve Prosedurler” ve “Bankacilik Sektorunun Yapisi ve Regulasyonlar” ana karakteristikleri tez arastirmasi ile analiz edilmistir.
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    Master Thesis
    Estimate the Yield Curve for Sovereign Bonds in Turkey and Forecasting Turkish Economy From the Shape of Yield Curve (2005 - 2018)
    (Kadir Has Üniversitesi, 2019) Temuçin, Teoman Samet; Davutyan, Nurhan; Ertan, Sabri Arhan
    Yield curve that reflects the interest expectations of market participants is one of the cornerstones of the financial analysis. In the first chapter of our study, Turkey yield curve for sovereign bond market is estimated in 2005-2018 by using Extended NelsonSiegel (ENS) and Dynamic Nelson-Siegel (DNS) models. Since Turkish sovereign market becomes more liquid and 10-year fixed rate coupon bonds were started to be traded after 2010, this allows us to make estimation for 10-year term to maturity. As a result of estimation via two methodologies, it is concluded that Dynamic Nelson-Siegel model estimates Turkey yield curve slightly better than the Extended Nelson-Siegel model. Besides, OLS (Ordinary Least Square) is better methodology than optimization tools in DNS. This is why, the estimated Turkey yield curve via Dynamic Nelson-Siegel model with OLS methodology is used to forecast Turkish macroeconomic and financial indicators in the second chapter of the study. The yield curve can be simply perceived as a representation of interest rates of treasury bonds or other security instruments in different maturities. However, that simple graph is beyond the representation of interest rate. If it is read carefully, the market efficiency theory can be beaten and regular profits from the market can be made. Many scholars and empirical studies of them have proved the significant forecasting ability of the yield curve about recessions, turning points in the stock market and inflation rates. Therefore, it seems as a reliable mechanism for forecasting to some important indicators in the macroeconomic set. I also simply test the forecasting capabilities of the estimated Turkey yield curve on Turkish recessions, bear market, industrial production index, bist100 index and consumer price index. As a result of analysis, it is concluded that parameters, which represent the Turkey’s yield curve, contain important information and predictions regarding recessions, bear market formation, bist100 index and consumer price index.
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    Article
    Citation - WoS: 4
    Citation - Scopus: 7
    Quantile Estimates for Social Returns to Education in Turkey: 2006–2009
    (Routledge, 2013) Bakis, Ozan; Davutyan, Nurhan; Levent, Haluk; Polat, Sezgin
    Augmenting a Mincerian earnings function with regional data we estimate both private and external returns to education in Turkey using Instrumental Variables, Ordinary Least Squares, Quantile Regression and Instrumental Variables Quantile Regression methods. Our results indicate a median external return between 1.5% and 2.3% for 2006–2009. There is some evidence supporting the skill-biased technical change hypothesis. External returns are uniformly higher for women. We point out some policy implications.
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    Doctoral Thesis
    Finansal analist önerilerinin yatırım değeri ve Borsa İstanbul uygulaması
    (2019) Köseli, Ahmet Musa; Ertan, Sabri Arhan; Davutyan, Nurhan
    Sermaye piyasası araçlarının fiyatlanmasında bilgi içeriği önemli bir yere sahiptir. Bu içerik kullanılarak ek getiri elde etmek mümkündür. Sermaye piyasası analistleri de bilgi içeriğinin işlenmesinde aracılık görevlerini üstlenir. Bu çalışma analist önerilerinin sermaye piyasasındaki bilgi aktarım rolü ve piyasa etkinliğine etkisi üzerinedir. Analistlerin Borsa İstanbul'da işlem gören firmalar için yapmış olduğu uzlaşı önerilerinden portföyler oluşturulmuştur. Öneri portföyleri kullanılarak analistlerin bilgi aktarım rolü ve piyasa etkinliği test edilmiştir. Öneriler, literatür ile paralel olarak finansal varlıkları fiyatlama modeli, Fama-French üç ve Carhart dört faktör modelleri kullanılarak Borsa İstanbul pay piyasasında ampirik olarak incelenmiştir. Çalışmanın ilk aşamasında Fama French risk faktörlerinin Borsa İstanbul'daki geçerliliği test edilmiştir. Risk faktörlerinin geçerliliği gösterildikten sonra analist önerileri kullanılarak, etkin piyasa hipotezine göre önerilerin ek getirileri test edilmiştir. Analistlerin alım yönlü yanlılığına rağmen Borsa İstanbul'da yapmış oldukları öneriler kullanılarak, momentum etkisinden bağımsız biçimde, istatistiksel ve ekonometrik olarak anlamlı ek getiri elde edilebilmiştir. Borsa İstanbul pay piyasasının yarı güçlü formda etkin olmadığı ve analistlerin bilgi aktarım rolünü tam olarak üstlenemediği sonucuna varılmıştır. Anahtar Sözcükler: Analist önerileri, analist tahminleri, aracı kurumlar, anormal getiri, aracı kurum tavsiyeleri
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    Article
    Citation - WoS: 19
    Citation - Scopus: 24
    Determinants of Saving-Borrowing Decisions and Financial Inclusion in a High Middle Income Country: the Turkish Case
    (Routledge Journals Taylor & Francis Ltd, 2016) Davutyan, Nurhan; Öztürkkal, Belma
    We use a representative survey of the Turkish household sector and investigate factors impinging on saving-borrowing behavior. We run four probit regressions to elucidate (i) the saving decision (ii) asset choice or portfolio composition for those who save (iii) the bank loan decision and lastly (iv) the formal versus informal borrowing decision. We find income education marital status and region within country strongly correlate with those decisions. We offer some insights regarding the influence of variables like rural to urban migrant status and religious belief on saving and borrowing decisions. We discuss the long-term implications of our findings on the Turkish household savings performance.
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    Master Thesis
    Estimating Size of Shadow Economy Through Cda: the Case of Turkey
    (Kadir Has Üniversitesi, 2017) Toker, Serkan; Davutyan, Nurhan
    This paper estimates the size of the shadow economy for the 26 NUTS-2 regions of Turkey. it is the first research that attempts at the NUTS-2 level for Turkey in the literature. The estimation used yearly data covering 2011-2014 and applies the modified currency demand approach by Ardizzi et al. (2014) with several updates. The size of the shadow economy is found as between 6.23% and 7.09% of official GDP of Turkey for the years 2011 to 2014. Results are just an indication of its base value. Because we do not have available data of cash in circulation for each NUTS-2 area we assume cash flow in circulation is approximately equal to demand deposit flow. However when the movements of the monetary aggregates variable at the country level are examined they demonstrate the similar trend. Thus this paper also present reliable distribution of the shadow economy among 26 Turkish areas. Results indicate that shadow economy has an upward trend over these specified years and the size of it in metropolitan areas like istanbul Ankara and izmir is bigger than in other areas. Also the magnitude of it is decreasing when moving from the western areas to the eastern areas of Turkey.
  • Thumbnail Image
    Book Part
    Choice of Finance in an Emerging Market: the Impact of Independent Decisions Politics and Religion
    (Springer International Publishing, 2017) Davutyan, Nurhan; Öztürkkal, Belma
    This paper is based on a KONDA 1 Research and Consultancy 2 survey conducted in May 2014 on 2607 people forming a representative sample of the Turkish population. It focuses on how people’s religious and political characteristics impact the independence of their decision making regarding saving and borrowing. An earlier study by Davutyan and Ozturkkal (2016) reports saving and borrowing decisions strongly correlate with income, education, marital status and region within country. Furthermore, 54% of those surveyed did not save and the main motivation for those who saved was to finance children’s education or home purchase. Religious people and those with a conservative lifestyle are less likely to borrow from family and friends. Older, married and working individuals are more likely to have difficulty paying back loans. According to the results of this survey, religious individuals are less likely to independently decide on their investment choices. Thus, religious people tend to make investment decisions together with family, elderly and respected relatives.
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    Article
    Citation - WoS: 1
    Citation - Scopus: 2
    The Penetration of European Banking Into Ottoman Lands During the Second Half of the Nineteenth Century
    (Routledge Journals, Taylor & Francis Ltd, 2023) Davutyan, Nurhan
    We discuss the development of 'modern' banking in core Ottoman lands during the latter half of nineteenth century. We present evidence showing considerable local financial sophistication prior to European entry around 1856. Drawing on the 'constitutional commitment' literature we maintain its success was related to enhanced security of life and property European financial ties provided to Ottoman decision-makers. We argue international relations substituted for missing domestic institutions. We describe the conflictual process ending around 1900, with the domination of Ottoman capital markets by European banks, particularly the Banque Imperiale Ottomane, or BIO. The competition pitting BIO against ethnically based local banking networks opens a different window into the economic and fiscal occurrences of that epoch. We consider the role of London based 'South African Gold Panic of Autumn 1895' and its interactions with the unfolding 'Armenian Crisis' of Istanbul and Anatolia in bringing about this final outcome.