Eurasian Journal of Business and Economics

1-26

Authors: Kiran M. ISMAIL, David L. FORD, Orlando C. RICHARD

This paper undertakes a comparative examination of contextual and individual-level antecedents to network building behaviors of leaders. Taking insights from social network and motivation theories, the proposed model suggests that while the institutional environment plays an important role in shaping individuals’ network building behaviors, there are certain individual attributes — such as individuals’ volitional tendencies and networking efficacy levels — that moderate the relationship between institutional backgrounds and networking behaviors of individuals. Using hierarchical regression models to test the hypotheses on a sample of ninety leaders from the Post Soviet countries and the United States, the results obtained highlight the roles of context and individual attributes in network building behaviors of leaders.

41-55

Authors: Erkan ILGUN , Karl-Josef KOCH & Mehmet ORHAN

This paper empirically investigates the relation between growth and Foreign Direct Investment (FDI) in Turkey. There are mixed conclusions about the impact of FDI on growth and the literature includes many studies where FDI has negative, positive and no significant effects on growth. Turkey serves like an open lab for such empirical studies since the country has experienced high and persistent levels of inflation for about thirty years as well as several economic crises in the last decade after which the inflation is taken under control and high growth rates are attained. Furthermore, Turkey has managed to start receiving considerable FDI recently. We establish a VAR Model with 5 variables to examine the FDI-Growth relation and consequently the impulse-response analysis are carried out to see the impact of shocks on the variables entering the VAR equations. We also included the variance decomposition to work out the sources of variance in both growth and FDI. Our model provides empirical support to bi-directional causality between FDI and growth.

71-84

Authors: Muzaffer AYDEMIR & Ozum EGILMEZ

In This study, we aimed to explore the relationship between religiosity and business ethics. Two dimensions of religiosity – intrinsic and extrinsic- were studied. We have tested two hypotheses related to the relationship between religiosity and ethical attitudes. In our study, we surveyed 510 managers from 6 different organizations in Turkey. Our survey instruments have three parts. First part included 24-vignette ethics scale of Barnett and Brown (1994). Second part included 11-item religiosity scale of Allport and Ross (1967). Third part contained various demographic measures. Findings of the study show that intrinsic religiosity is partly and positively related with ethical attitudes and extrinsic religiosity is partly and negatively related to the ethical attitudes. In other words, intrinsically motivated people are more prone to behave ethically than extrinsically motivated people are.

113-125

Authors: Ali UYAR

The purpose of this study is to explore cost and management accounting practices utilized by manufacturing companies operating in Istanbul, Turkey. The sample of the study consists of 61 companies, containing both small and medium-sized enterprises, and large companies. The data collection methodology of the study is questionnaire survey. The content of the questionnaire survey is based on several previous studies. The major findings of the study are as follows: the most widely used product costing method is job costing; the complexity in production poses as the highest ranking difficulty in product costing; the most widely used three overhead allocation bases are prime costs, units produced, and direct labor cost; pricing decisions is the most important area where costing information is used; overall mean of the ratio of overhead to total cost is 34.48 percent for all industries; and the most important three management accounting practices are budgeting, planning and control, and cost-volume-profit analysis. Furthermore, decreasing profitability, increasing costs and competition, and economic crises are the factors, which increase the perceived importance of cost accounting. The findings indicate that companies perceive traditional management accounting tools still important. However, new management accounting practices such as strategic planning, and transfer pricing are perceived less important than traditional ones. Therefore, companies need to improve themselves in this aspect.

139-149

Authors: Ruchika GAHLOT, Saroj K. DATTA & Sheeba KAPIL

The Purpose of the study is to examine the impact of derivative trading on stock market volatility. The sample data consist of closing prices of S&P CNX Nifty as well as closing prices of five derivative stocks and five non derivative stocks from April 1, 2002 to March 31, 2005. The study uses GARCH model to capture nature of volatility over time and volatility clustering phenomenon of data. The evidences suggest that there is no significant change in the volatility of S &P CNX Nifty, but the structure of volatility has changed to some extent. However, results show mixed effect in case of 10 individual stocks. These results can assist investors in making investment decision. It also helps to identify need for regulation.