Business and Economics Research Journal

167-181

Authors: Rüştü Yayar, Nagehan Karanfil, Hilal Şeker

In this study, the consumption expenditures of the students, one of the important income sources of regional economies, were revealed, and it was investigated that whether these expenditures are in relation with socio-demographic factors or not. Used data was collected via survey study done to the students in Amasya University. The income-expenditure functions of the students, the share of fourteen expenditure groups in total expenditures, and income elasticity were estimated with the help of Engel’s functions. Sampling was used for sample selection. SPSS and Eviews Packet Programs were used in data analysis. 717 out of 800 surveys were approved and attached to analysis. 14 expenditure items were formed by based on “classification of individual consumption by purpose“. It is also searched that whether the gender of the students; studying in daytime or evening education; getting scholarship or loan; being student in faculty or high school; possession of credit card; studying in medical, social or technical departments; and accommodating in houses or dorms had a meaningful difference on consumption expenditures or not. In the study, while a clear observation related to the marginal propensity to consume of the students in daytime education in Amasya University cannot be stated, that their autonomous consumption is 47,5 TL lower than the students in evening education can be stated. It is also observed that the income elasticity values related to alcohol-tobacco, household goods, hotel-restaurant, chance-games, and sport expenditures are higher than 1, and the income elasticity values related to the other expenditure items are lower than 1.

203-215

Authors: Turhan Korkmaz, Emrah Ismail Cevik, Nuket Kirci Cevik

The most of theoretical financial models that have been used in the literature depend on the conceptual terms such as information, information flow, information supply and demand for information. It is well known that investors take into account information about market and company in the process of investment decision. In this context, there have been extensive studies that focus on the relation between investors’ relation and financial markets and different proxy variables for measuring investors’ relation have been used in the literature due to investors’ relation cannot be directly measure. The aim of this study is to examine the empirical relation between investor attention and stock market empirically. In order to determine the investor attention toward stock market, Google search queries statistics are employed. Differently from existing literature, the relationship between investor attention and stock market is analyzed in terms of stock returns and volumes by means of causality in mean and variance test suggested by Hong (2001). Empirical findings suggest weak causal link going from investors’ attention to stock returns. On the other hand, stock volume is found to be Granger cause of investors’ relation.

231-245

Authors: N. Savas Demirci

Nowadays however various theories for optimum capital structure that can minimize cost of capital and maximize value of firm are discussed, there is no universal capital structure theory agreed upon. Testing main capital structure theories in manufacturing industry sector which is the main source of exporting and one of the most strategic sectors of economy in our country may give opinion about debt dynamics of the sector. In this article, in the context of Trade-off and Pecking Order Theories, main determinants at firm level of capital structure have been studied with the Central Bank of the Republic of Turkey (CBRT) sectoral balance sheets which is the largest real sector data set in our country by using two-way panel data analysis in the period 2001-2015. Econometric analysis results show that in Turkish manufacturing industry sector leverage ratio is negatively affected by return on assets, current ratio, tangible assets to total assets ratio and assets growth rate and positively affected by real volume of net sales. According to the results of study debt behaviours in Turkish manufacturing industry sector are mostly explained by Pecking Order Theory and partly explained by Trade-off Theory.

259-273

Authors: Nisa Eksili, Zeynep Unal, Emre Ipekci Cetin

The crisis emerged between Turkey and Russia at the end of 2015 caused significant negative effects on the tourism sector as well as on many sectors. According to the Ministry of Culture and Tourism, the number of Russian Federation tourists coming to Turkey between January and December 2016 decreased by 76,26% compared to the same period of previous year. Hotels, which have to fight against the crisis, have made an effort to survive in the sector by developing a number of retrenchment strategies. The aim of this study is to examine the retrenchment strategies of five star hotels during the crisis periods with the fuzzy DEMATEL method. Firstly, the retrenchment strategies applied against the crises used in this study were determined by reviewing the related literature and face to face interviews with the general managers of five star hotels located in Antalya. Then the interrelationship of these retrenchment strategies was evaluated by using a multi-criteria decision making technique, the fuzzy DEMATEL method. It was stated that the strategy “Reduce the number of staff in all departments” was the most affected strategy among the other seven retrenchment strategies.

293-304

Authors: Ismail Dulgeroglu, Oguz Basol

The behavior of employees is shaped by the standards of the workplace. While the good conditions offered at the workplace motivate employees, the bad conditions have a negative effect on employees. Examining employee behavior in the service sector, which is one of the important areas of the economy, is an important situation for revealing both macroeconomic balances and employee behavior. In this context, the current research aims to reveal the relations among job satisfaction, job performance and turnover intention of the perceptions of job stress and work life quality of sales representatives, working in Kirklareli. According to the results of the survey, conducted with the participation of 128 sales representatives, there is a negative relation between job stress and job satisfaction; a positive relation between job stress and job turnover intention; a positive relation between work life quality and job satisfaction; a positive relation between work life quality and job performance and a negative relation between work life quality and turnover intention. Finally, it is concluded that there is no relationship between job stress level and job performance.

325-348

Authors: Kemal Erogluer, Recep Caner Erselcan

Employees in organizations that are important actors of social life are the basic element of organizational success. Accomplishment of an organization is closely tied to the management applications to be followed. Perception of employees on justice of organizational operations and procedures affect their support and participation in the processes Employee’ perception of organizational justice may have impact on burnout levels. It can be argued that low employee perception of justice can lead to increase in the level of burnout and decrease of their support and attandance tol procedures and diminishs with the time being finally causes employee silence. This study has been made on 209 employees of three manufacturing company which are operating in İzmir, Bursa and Balıkesir. Obtained data has been evaluated by the corelation, regression analyzes and decriptive stastistics. In this study following results have been reached; sub-dimensions of organizational justice affected emotional burnout, depersonalization and decline in personal sense of achievement negatively and sub-dimensions of organizational justice affect the employee silence negatively, although depersonalization and sense of decline in personal achievement affect employee silence positively. It is thought that the number of studies that deal with these three subjects is very limited and it will contribute in this sense.