Business and Economics Research Journal

363-377

Authors: Emin Ahmet Kaplan, Alpaslan Akcoraoglu

The major aim of this paper is to examine the empirical relations between economic growth and a broad group of political instability factors including corruption, government instability, internal and external conflicts, religious and ethnic tensions, democratic accountability and bureaucracy quality. Moreover, one of the main objectives of our paper is to explore the effects of serious problems such as political instability and corruption on economic growth for a panel of OECD countries by using the system-GMM (Generalized Method of Moments) estimator during the period 1984-2012. Our findings confirm most of the literature that political instability is negatively associated with economic growth. We found strong evidence in favor of the hypothesis that corruption negatively affects economic growth. Our paper presents strong evidence in favor of the view that government stability and internal and external conflicts are obstacles for rapid economic growth. However, the results of system-GMM estimation indicate that democratic accountability, ethnic and religious tensions and bureaucracy quality have no statistically significant impact on economic growth of OECD countries.

395-412

Authors: S. Mustafa Ersungur, Fusun Celebi Boz, Omer Cinar

Increase of the production volume of the economies are necessary for developing countries to compete other developed countries. When production volumes increase, economic growth and also per capita income increase. Therefore developing countries have adopt outward-oriented trade polices to increase income level. When we looked at the relationship between Turkey and BRIC, Russia and China are an important trade partners according to other members of BRIC. China is primary country with highest imports by 12%in 2005 while Russia is the third country by 9.8%. Share of other countries are limited because of geographical distance. In this study foreign trade relation between Turkey and BRIC and key ındutstries of these countries have been tried to evaluate by using 1995, 2000, 2005, 2008 and 2011 datas with Input-Output analysis. According to result of analysis comprise a structure depend on foreign trade dependence for inputs in Turkey in 2000s. We saw that this situation occur partially to the extent terms for other countries in related to different kinds of sectors. Foreign trade dependence for inputs of Turkey continue an important problem and this position diminish structural ınterdependence inter –sectoral in sense of key endusties of Turkısh economy.

433-452

Authors: Yuksel Iltas, Selma Erdogan

In this study, we aimed to be detected the long term co-integration relationship between , cash conversion cycle, leverage and asset turnover as the determinant of working capital requirements, Gross Domestic Product (GDP) and Consumer Price Index (CPI) as directly affecting factors of these determinants and return on assets for the 2003-2013 period of Borsa Istanbul ‘s selected four main sectors (metal, food, chemical, and textile). In the study, econometric techniques such as second-generation panel unit root, panel cointegration, long and short term coefficient estimation are used under cross-sectional dependence. The analysis results have proved that the effect of variables on profitability is different in short and long term. According to the Pooled Average Group Estimator results, the coefficients of the long-term cash conversion period, leverage ratio and gross domestic product are statistically significant. According to these results, the prolongation of cash conversion period has a negative effect on profitability; using leverage and increased gross domestic product have a positive impact on profitability. In addition, the Common Correlated Effects Mean Group applied to focus on the long-term relationship and it’s results show that the cash conversion period, leverage ratio and asset turnover rate coefficients are statistically significant.

473-485

Authors: Emrah Sahin, Fatih Konak, S. Serdar Karaca

On November 24, 2015 at the Syrian border, boundary violations of Russian combat aircraft was shot down by Turkish warplanes that has caused serious problems in terms of bilateral relations. After the incident, Russia unilaterally froze all its military and economic cooperation and has decided to apply economic sanctions to Turkey. Many of the sectors, especially tourism and food sector, were directly affected by these sanctions decisions. In this context, the purpose of the study is to reveal how the companies of BIST Food, Beverage and BIST Tourism Indexes react to this circumstance by employing the event study methodology. According to the findings, it is observed that the companies that are listed in the BIST Food, Beverage Index generally are affected negatively. Also, it has been determined that companies in the BIST Tourism Index exhibit positive AR values in the post-event period. On the other hand, it was noted that the majority of CAAR values were negative. Moreover, although there are no obvious predictable trends, the presence of statistically significant results in the event window on some days has shown that the market is not efficient in a semi-strong form.

501-517

Authors: Sirin Atakan Duman, Emel Ozdora Aksak

The study firstly includes a thematic meta synthesis of the national academic literature, including Master’s and Ph.D. theses that contain the keywords corporate social responsibility (CSR) have been examined to reveal the conceptualization this construct providing a detailed profiling and inventory of the literature. This meta synthesis provides researchers with a detailed outline of the literature in regards to; publication year, study area, theory and concepts used, definitions, methodological approaches, results and conclusions. This study also greatly helps determine the gaps in the national literature and aims to further contribute to theory development in CSR area. An analysis of the study findings reveals that most of the theses examined include mostly descriptive studies focused on implementation-based results, lacking theoretical contributions. This meta synthesis reveals a need for studies that combine various theories and develop/provide new conceptual frameworks.

533-553

Authors: Cagatan Taskin, Erdogan Koç, Hakan Boz

This study aims to investigate the perceived images of Eastern and Southeastern Anatolia regions in Turkey. These regions offer many opportunities in terms of history and culture, nature and food tourism. Using EEG and Eye Tracker devices, these two destinations, where potential tourists are blurred, and the two destinations where there are no clashes, measured levels of arousal, interest and negative value against the destination advertisements. It has been found that, with the discovery of an important element in the conflicts in the two conflicting destinations, tourists could take a small amount of risk with the intention of discovering new destinations.

575-589

Authors: Meltem Yetkin Ozbuk, Yagmur Oz

In everyday life, public service announcements are often encountered, criticized, or found to be useful. While the effects of public service announcements are frequently discussed, there is not a detailed study of their content. The purpose of this study is to systematically classify public service announcements and reveal the characteristics of public service announcements by conducting content analysis method for 375 public service announcements published in Turkey between 2012-2016. In the related literature, it has been observed that different features of public service announcements are collected under certain categories and an answer has been searched under these categories for 12 different research questions. This study will lead to future work on this subject in terms of being the first study to examine public service announcements in Turkey through content analysis method and presenting a holistic framework to examine public service announcements.

611-626

Authors: Erkan Ozdemir, M. Hakan Altintas, Serkan Kilic

The level of internationalization of companies in developing countries is an important factor in the economic success of both businesses and the developing countries. The aim of the present study is to dimension the internationalization of export companies and to determine the effect of these dimensions on the export performance of the companies. The study data were collected from export companies in Turkey with a web-based questionnaire. In the study, structural equation modeling was utilized and in addition to elements in the degree of internationalization (DOI) measurements available in the literature, the speed component was added to the research model. As a result of the research, it was found that the dimensions grouped as sales, country and human factors as the second-order DOI and these dimensions positively affected the export performance of the companies. It was observed that the DOI measurement of the dimensions included in the study supported the results of other studies in the literature and affected the export performance of the companies in developing countries. The study results show that marketing managers should pay special attention to the sub-dimensions such as sales, country and human factors, and the content of the DOI in the internationalization process and in this context should follow export performance.