Business and Economics Research Journal

271-289

Authors: Gulin Vardar, Guluzar Kurt-Gumus, Mehmet Erdem Delice

We analyze the dynamic relationship between daily Brent oil prices and selected sector index returns of Borsa İstanbul. To perform an elaborate analysis, because oil price fluctuations affect sectors differently, the sectoral index returns are classified as oil-user, oil-related, oil-substitute, and financial. Employing Johansen and Juselius (1990) cointegrating technique, the long-run relationship is examined between the oil price changes and sectoral stock returns. After the investigation of the causal relationship between these two variables, Impulse Response Functions and Variance Decomposition Analysis are used to evaluate how shocks to variables rebound through a system. Given that significant changes have occurred across capital markets throughout the period, it would appear to be worthwhile to investigate whether changes in interactions among oil prices and sectoral stock returns have occurred as a result. The findings indicate that; there is cointegration between returns of half of the sectoral indices analyzed and oil prices Granger causes sectoral index returns.

301-316

Authors: Serkan Sahin

The aim of this paper is to investigate, within a Bootstrap panel causality approach, the interactions among foreign direct investment (FDI), international trade and financial development in BRICS-T countries (Brazil, Russia, India, China South Africa and Turkey). While the effect of foreign direct investment on economic growth is well documented, the consequences of FDI on financial development have not received as much attention. Previous studies have recognized that FDI is a crucial source of financing especially for emerging economies, though the benefit of FDI to recipient country is ambiguous. Furthermore, the number of previous studies examining the causal linkage between international trade and financial development is also limited. Besides, examining the associations among these factors, this study also investigates the joint effect of FDI and international trade on financial development in these countries. Empirical findings from a bootstrap panel causality approach indicate that FDI induce financial development in Brazil, Russia, and China. In addition, international trade promotes financial market development in Brazil, Russia and South Africa. Empirical findings also indicate that financial development stimulates international trade in Brazil, India and Turkey. Finally, it is found in this study that not only international trade stimulates FDI, but also FDI induce international trade in India and Turkey.

331-348

Authors: Selim Yuksel Pazarceviren, H. Pinar Kaya

The main purposes of this study are to examine the studies measuring and reporting intellectual capital, to revise these studies with accounting perspective and to determine the intellectual capital values of firms operating in Textile and Leather Products Industry in Borsa Istanbul for the years 2014-2016 via “Calculated Intangible Value Method”. The findings reveal that intellectual capital indicating firms’ fair value is to be reported. However, it is difficult to recognize intellectual capital as an intangible asset and to report it in financial tables since there is not a direct definition towards intellectual capital in International Financial Reporting Standards and Turkish Accounting Standards/Turkish Financial Reporting Standards. This study reveals that the best reporting approach is to present the information related with intellectual capital in the annual reports of firms within the frame of current regulations.

363-380

Authors: Simge Samanci, H. Nejat Basim

The main goal of the universities is to train individuals who have sufficient knowledge and skills and who will receive high demand in business life with their strong academic staff. For this reason, it is very important that graduates with the necessary equipment and knowledge from the universities of the students who are the only hope for the future of the countries. This study explores the mediating role of psychological capital between organizational citizenship behavior and perceived organizational justice with the help of the structural equation model. In this respect, 6,643 questionnaires were sent to the academic staffs from 190 selected universities in the Republic of Turkey with random sampling method and the data were collected from 611 respondents. After analysis of data it has been found that organizational justice partially affects organizational citizenship behaviors and similarly it is found that psychological capital has partial influence on organizational citizenship behaviors. On the other hand, the result is that the psychological capital has a partial mediating effect on the model. It has been found that studies on the possibility that the psychological capital can be an intermediary variable are very limited. In this context, it is thought that this study can contribute to the literature.

395-411

Authors: Oktay Yanik

In this study, the reasons underlying aggressive or nonaggressive attitudes of employees exposed to mobbing were investigated. For this purpose, employees were identified who aggressively responded to mobbing or did not show an aggressive response to five different mobbing behaviors in the form of ‘effecting the victim’s possibilities to maintain personal reputation, physical health, possibilities to maintain social contacts, possibilities to communicate adequately, and occupational situation’, in the sample of 169 employees in the health sector. It was then investigated via discriminant analysis how personal and working life characteristics could be exploited in the differentiation of groups of aggressive and unaggressive employees. Results have been obtained that the employees who react aggressively to mobbing and who are unaggressive are divided into different groups according to their marital status, tenure, education status, and management status. Finally, in line with the results of the research, some suggestions have been made to investigate the subject of the search with different variables.

431-447

Authors: Huseyin Fidan

Developments of information technologies that bring significant advantages to social life and business process bring with it physical and mental problems. Addiction, which is considered as a disease nowadays, is a mental disorder and can be seen in people as a result of overuse of technological devices. Especially mobile phones that people can carry with them at any time increase the risk of addiction. Mobile addiction, which negatively impacts the physical health, work concentration, and productivity of employees in companies, causes the job loss. Determining mobile addiction degree of employees which is neglected in the literature is an important issue for firms. In this study, mobile addiction levels of workers in Burdur, Isparta and Antalya provinces in TR61 region were analyzed by principal components and regression methods. Data were collected by the survey method by using Mobile Addiction Scale. The study found that the mobile addiction ratio among employees is 6% and the mobile addiction tendency is 31.75%. The study shows that mobile addiction is higher in women and in public sector and mobile addiction is not related to gender, age and income level differences.