IJCF, Cilt 2, Sayı 2, Makale Koleksiyonu
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Öğe Influencing factors of currency risk of deposit banks in Turkey by using probit method(İstanbul Ticaret Üniversitesi, 2016) Yüksel, Serhat; Özsarı, Mustafa; Canöz, İsmailIn this paper, we aimed to analyze the factors that affect currency risk of the banks. Within this scope, annual data of 23 deposit banks for the periods between 2005 and 2015 was evaluated. In addition to this situation, panel probit model was used in order to achieve this objective. Regarding the subject of the currency risk, this model was firstly used in this study. According to the results of the analysis, it was determined that 3 independent variables affect the currency risk of deposit banks in Turkey. Firstly, it was identified that there is a positive relationship between total assets and currency risk. This situation explains that when the size of the banks increases, they tend to take more currency risk. In addition to this variable, it was also defined that there is a direct relationship between economic growth and currency risk of the banks. This result refers that in case of an increment in the market stability; banks think that the market is safer and they increase their currency risk. Moreover, it was also concluded that there is a negative relationship between interest rate and currency risk of the banks. This aspect shows that when interest rate decreases, it will lower uncertainty in the market. Thus, banks would take higher currency risk in such markets.Öğe Day of the week effect in conventional and Islamic stock indexes(İstanbul Ticaret Üniversitesi, 2016) Avcı, EminIn this study, existence of day of the week (DOW) effect is examined pre/post subprime crisis periods and in terms of conventional/Islamic of indexes. Canada, Indonesia, Japan, UK and USA markets are examined for a period of 2003-2014. The findings of the study showed significant DOW effect for all indexes, however such effect is not persistent. When DOW effect examined in terms of conventional and Islamic indexes of each market, there is not persistent conformity on the DOW effect for both indexes of the same markets.Öğe Benefiting from the collective labor agreement in Turkish collective bargaining system(İstanbul Ticaret Üniversitesi, 2016) Aşçı, Mehmet SaimCollective agreement system, which closely involves the content of social fabric and separation of powers in industrial society -some of the main problems constituting economic, political and judicial fabric of the society- and as the product of a historical development process, is applied in many countries as a dynamic process that is able to rapidly adapt to both changing economic and social conditions and changes in technological structure and plays the most effective role in determining employment conditions. A collective labor agreement is primarily formed for the purpose of improving working conditions of workers and to recover their material circumstances through other side benefits provided in goods and money in addition to salary increases. Naturally, aspiration of employees to benefit from collective labor agreement applied in the workplace they serve is for their self-interest. However, to be able to benefit from collective labor agreement, while only aspi-ring is not sufficient to utilize it; fulfilling a set of conditions is also necessary.Öğe Selectivity skills of mutual fund managers in India: an analysis(İstanbul Ticaret Üniversitesi, 2016) Pandow, Bilal AhmadStock selection is the nucleus in the investment management process. It involves identifying and selecting undervalued securities which among other things requires the successful forecasting of the company specific events or an ability to predict the general behavior of security prices in the future. If the fund manager is able to identify and select the undervalued securities for the portfolio, then it will be possible for the fund manager to increase the returns of the schemes and vice versa. In practice fund managers are expected to earn superior returns for unit holders consistently as being professionals therefore possess superior skills to collect and analyze the data with the purpose to select the right type of securities for the portfolio. The present work is based on the review of tens of studies both foreign and Indian studies relating to mutual funds. The mutual fund industry in India consists of public sector, private sector and foreign funds. All the three sectors were studied to compare the selectivity and timing performance on the basis of sponsorship of funds. However, from these only active funds belongings to Growth, Income, Balanced and Tax-Saving Schemes were selected for the study. In this paper stock selectivity skills of sample fund managers were tested by using Jensen’s Alpha and Fama’s net selectivity measure.Öğe Determination of anger expression and anger management styles and an application on operating room nurses(İstanbul Ticaret Üniversitesi, 2016) Aslan, Hülya; Gemlik, Nilay; Bektaş, GülferThis research has been carried out in order to determine anger expression and anger management styles in operating room nurses. By applying an in-depth interview technique on operating room nurses working in a private hospital, a qualitative study has been performed in order to determine anger expression and anger management styles in operating room nurses. The interview consisted of ten questions such as demographic questions addressing the workers’ age, sex, education level and duration of employment in the organization they work, aiming to determine their anger expression and anger management styles. Since operating room environments contain various risk factors, and require active team work in a stressful dynamic setting under excessive workload, , it has been found that operating room nurses display their anger through loud speaking, fail to settle their anger positively, fail to control their anger in a behavioural pattern despite their cognitive awareness in anger management. Thus, it has been suggested that operating room nurses should be trained on anger management methods so that they can manage their anger in a stressful operating room environment.Öğe Exchange rates’ effect on spot and futures equity index markets: a study on borsa Istanbul(İstanbul Ticaret Üniversitesi, 2016) Koy, Ayben; Ersan, İhsanThis paper examines the linkages between the foreign exchange rates, spot equity index and equity index futures. The study aims to investigate whether there is difference between the spot and futures markets in the scope of relation with the foreign exchange rates’ returns and which leads the other. The relationships are examined by using the vector autoregression (VAR) model, impulse-response functions, variance decomposition and Granger Causality tests. The sample of the study consists of US dollar to Turkish Lira rate (USD/TRY), Euro to Turkish Lira rate (EUR/TRY), BIST 30 Index and BIST 30 Index Futures. The data of the study includes the period between January 2011 and December 2014 with daily data range. Our results have evidence that the foreign exchange rate markets in Turkey are driven by the equity market.Öğe The effect of decision making competence on managerial performance(İstanbul Ticaret Üniversitesi, 2016) Köse, Ertuğrul; Şencan, HünerThe performance of the manager, is partly related with decision-making competence. Making decisions properly at the right time and in the best period has the potential to increase the overall success of the manager. Decision-making which means comprehending, thinking, evalu-ating the alternatives and choosing one of the alternatives is a factor that affects manager’s performance directly and provides a competitive advantage for organisations. In this research, the relationships between decision-making competence and managerial performance were discussed. The main thesis of this research is that the managers who have high decision-making competence will have high managerial performance. The research was carried out with a population of 424 managers, subordinates, executives and customers/farmers. The evaluation of managerial performance was conducted by taking the factors of subordinates, executives and customers into consideration. The research scales compiled from the literature review and measurement tools developed by the researcher were used in the research. The test of hypothesis was examined by the method of linear regression analysis. The results of this research provided that there was a statisti-cally significant relationship between the decision-making competence of the managers and managerial performance. However, this prelimi-nary study needs to be tested in other businesses and sectors because the data of this study were gathered from a single institution of business.
