IJCF, Cilt 8, Sayı 1, Makale Koleksiyonu
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Öğe Centralised or de-centralised gender policies? Measuring regional gender disparities in Turkey(İstanbul Ticaret Üniversitesi, 2022) Okumus, H. SadumanThis study provides the most comprehensive mapping of gender inequality in Turkey, and thus helping to establish a baseline to untangle locality-specific factors stimulating gender inequality. By measuring the distance from gender parity, the findings reveal that all cities have gender inequality. However, the issue is more severe for the cities in eastern Turkey than for those in the west. We compared the socioeconomic inequality of the cities and their level of closeness to parity, to determine which indicators must be prioritised as “impact zones” for each city to act upon. But the cities do not have relatively consistent parity figures, suggesting they are not similar to one another. Therefore, the intervention policies adopted in one may not necessarily be effective in others. All in all, the Turkish case explored in this study offers insights for other developing countries to review their policies to overcome their “gender inequality trap”.Öğe Convergence of global sustainability reporting standards: Need of the hour(İstanbul Ticaret Üniversitesi, 2022) Basu, Sanjib BasuA single and uniform reporting on sustainability is the need of the hour that will communicate every domain of the performance of the reported company. At present different patterns and forms of sustainability reporting practices are followed throughout the globe. The firms involved in the practice are confusing and trying to leverage some of the standards that have been developed by groups like the Sustainability Accounting Standards Board, the Global Reporting Initiative, the International Integrated Reporting Council, the Climate Disclosure Standards Board and the Carbon Disclosure Project. These organizations that are involved in the setting of the global standards relating to sustainability reporting have expressed their intention to work jointly to develop uniform sustainability reporting standards. This initiative is expected to serve as a beacon of things to come, given the premise of adapting the International Financial Reporting Standards (IFRS) and the conceptual framework to sustainability related financial disclosures. In this context, this study considers all the present practices of sustainability report throughout the globe and tries to establish the need for convergence of the diversified practices and adopt a unified and globally accepted sustainability reporting practice. In this challenging and fast-changing sustainability reporting landscape, the most notable occurrence is the speeding up of the initiatives for converging all the existing practices of sustainability reporting into a single and uniform sustainability reporting practice. It is believed that the initiatives for converging of the reporting pattern will be directed toward the end goal of a unique and global standards for sustainability disclosure.Öğe The research on women independent board directors in Turkey(İstanbul Ticaret Üniversitesi, 2022) Karabulut, Ahu Tuğba; Hatipoğlu, Hümeyra NurThe main aim of this study is to explore the profiles of women independent board directors in BIST 100 companies and members of the Association of Woman on board of Directors (AWBD) in Turkey. The structured in-depth interviews were conducted with nine women independent board directors. Questions were asked related to their backgrounds, expectations, reasons and process of their appointments, their contributions to the companies, their positions on the board of directors, their relations with the chairmen and other directors, expectations of companies from directors, and pathways for women to be board directors. It is find out that they are appointed due to their qualifications such as education, experience, expertise and networks. They want to make contributions to their current companies and be appointed as directors of boards of other companies as well. They try to develop good relations with the chairmen and other directors of the board. Also, they try to improve their performances. This study is a unique study with its approach and findings. Its questions were developed by authors based on the literature review and their knowledge in the field. These comprehensive questions were not asked to women independent board directors before especially in Turkey. Thus, it reveals the woman independent board director selection process extensively in Turkey for the first time. It is expected that this paper will make contributions to the field with its findings which highlight the selection process and opinions of woman independent directors.Öğe Does fintech literation affect cashless society and individual shopping culture?(İstanbul Ticaret Üniversitesi, 2022) Ispriyahadi, Heri; Wati, Lela Nurlaela; Saputra, Wanda; Darwis, Hidayat; Zaenudin, ZaenudinThis research examines the impact of financial technology literacy on the phenomenon of a cashless society and the changes in individual spending culture in the millennial generation. Respondents in this study are millennials, particularly those born and grew up amid technological advances. They live in different Indonesian cities like Jakarta, Bogor, and Tangerang (Jabodetabek). This study employs the Structural Equation Modelling (SEM) to analyze the data. The result showed a significant positive effect of fintech literacy on a cashless society, fintech literacy on the individual shopping culture changes, cashless society on the personal shopping culture changes, and fintech literacy on the individual shopping culture changes in a cashless society. The results also show an increased cashless society; the millennials fully understand financial technology literacy. This condition will affect the transformation of the individual spending culture. In addition, the increased cashless society phenomenon will affect the culture of personal spending changes. The results are beneficial for the government’s financial technology policy. The fintech companies can use it as the evaluation material and motivation to innovate the fintech-based business.Öğe The effects of investor behavior on market predictability(İstanbul Ticaret Üniversitesi, 2022) Kolukısa, Harun; Gürbüz, Ali OsmanThis study aimed to test the effects of investor behavior on the predictability of the market by testing CAPM estimation errors in negative growth period and growth period of the market. This study also aims to draw attention to the existence of some factors that may affect the CAPM estimation errors. Negative growth period is the period in which irrational behavior is likely to occur. Growth period is the period when irrational behaviors are less common. CAPM estimation errors calculated by Jensen’s alpha, Sharpe ratio, Sortino ratio and Treynor ratio were compared by T-Test and Mann-Whitney U Test during negative growth periods and growth periods. USA-S&P 500, Germany-DAX 100, England-FTSE 100, France-CAC All Tradable, Canada-S&P TSX, Japan-Nikkei 225 developed countries and their indices and India S&P BSE 200, China-SSE Composite, South Africa &-FTSE JSE African All Share, Turkey-BIST 100 developing countries and their indices included in the study. Between January 31,2005 and December 31,2018 monthly closing prices of the indices, monthly closing prices of stocks listed in consumer staples sectors and consumer discretionary sectors were used. As a result of the study, it has been observed that CAPM estimation errors calculated by Jensen’s alpha and Treynor ratio in consumer staples and consumer discretionary sectors in developed and developing countries do not differ during negative growth periods and growth periods of the market. It cannot be said that CAPM is more reliable or unreliable in negative growth periods compared to growth periods. It has been determined that CAPM estimation errors calculated by Sharpe ratio and Sortino ratio differ during negative growth periods and growth periods. It can be said that CAPM is less reliable in negative growth periods compared to growth periods.Öğe Factors influencing the success of agricultural cooperatives marketing in a case of some selected woredas of Ilubabor and Buno Bedele Zones(İstanbul Ticaret Üniversitesi, 2022) [Kefay] Godo, Kibru; Hora, Endale Alemu; Tamiru, ShiferawThis study aimed at assessing and identifying the factors influencing the success of agricultural marketing cooperatives in Some Selected Woredas of Ilubabor and Buno Bedele Zones. The targets for this research were members of agricultural marketing cooperatives (AMCs). For the sake of achieving the objectives of this study, responses were elicited from four hundred thirty-five (435) respondents who were drawn from the target population using random sampling procedure. Face-to-face interviews were conducted with 21 officers’ and cooperative leaders of AMCs. Data were analyzed using inferential analyses. The findings indicate that, there exists positive significant ranging from strong to very strong relationship was found between independent variables and dependent variable. Finally, the study has suggested cooperative promoter, government, and prospective members should prioritize those factors that have greater impact on their success than do others i.e., commitment of members, managerial factor and their participation, the management of cooperatives should create awareness for farmers about what benefit the farmers as well as the country would get when they provide and sell their agricultural products by cooperatives. Additionally, the responsible government bodies should identify, address and strength the relationship of foreign and domestic market linkages and cooperatives should be managed by professional personals to increase the success of cooperatives at the maximum level.Öğe The impact of ESG performance over financial performance: A study on global energy and power generation companies(İstanbul Ticaret Üniversitesi, 2022) Naeem, Nasruzzaman; Serkan CankayaThis study aims to analyze the impact of environmental, social and governance (ESG) performance of global energy and power generation corporations over their corporate financial performance. The study explores the impact of the environmental, social and governance (ESG) operations and performance over profitability and market value of the corporations operating business in sensitive industries such as energy and power generation corporations using panel data regression. The ESG performance data and financial data of 192 energy and power generation firms from 2008 to 2019 were collected from the Thomson Reuters Eikon database for the statistical analyses. According to the results, ESG performance is correlated in a significant way with the financial performance of the energy and power generation corporations. The findings suggest that ESG performance has both positive and significant impacts over the profitability of the corporations but a negative impact over the market value of the corporations. This study adds value and importance to the ESG literature, sustainable business practice and sustainability reporting for the energy and power generation companies worldwide. Moreover, the findings of the study would assist the relevant investors, business analysts, industry regulators, policymakers, and decision-makers all other stakeholders who are interested in ESG and sustainability to take noteworthy decisions.
