Business and Economics Research Journal

141-155

Authors: Emre Ekinci

This paper examines the effect of firing costs on inventor turnover using the patent data provided by the United States Patent and Trademark Office (USPTO) for the 1975-2003 period. The adoption of the wrongful discharge laws in the US is considered as an exogenous increase in firing costs. As states adopt these laws at different dates, a quasi-experimental setting allows us to estimate a casual effect. Using the existing holdup theories investigating the employment relationship, we conjecture that the effect of firing costs on inventor turnover hinges on the extent to which the inventor’s knowledge set is transferable to competing firms. We measure knowledge transferability by the number of co-authors an inventor has filed a patent with, his or her specialization across technological classes and reliance on the prior art patented by the current employer. Our analysis shows that these variables alter, as predicted by the theory, how increased firing costs affect inventor turnover.

199-216

Authors: Ebru Aydoğan, Esen Kara

One of the frequently mentioned issues in the literature is that studies analyzing the relationship between corporate sustainability and financial performance do not reach a consensus on the existence and direction of the relationship. This study is aimed to contribute to the literature by analyzing the relationship between corporate sustainability practices and financial performances of 58 non-bank firms included in the Borsa Istanbul (BIST) Sustainability Index between the years 2015-2021. The study employed the System Generalized Method of Moments (system GMM) estimator, which is one of the dynamic panel data models. The results of the analysis can be summarized as follows; (i) there is a positive relationship between corporate sustainability practices and both market-based and accounting-based financial performance indicators, (ii) corporate sustainability positively affects different financial performance indicators at different terms, (iii) sustainability investments affect the market value of businesses more and faster than the return on assets, and (iv) the relationship between corporate sustainability and financial performance is dynamic, and the endogeneity problem should be taken into account in the analysis of the relationship between them.

243-255

Authors: Belkıs Dilek Özbezek, Hacı Mustafa Paksoy, Veysel Mehmet Gültekin

The tourism sector generally has features such as labor intensive, simultaneous production and consumption, and inability to store the product. Due to these features, the human element has great importance and role in terms of both production and business profitability. The main purpose of this study is to examine the effect of organizational pride on job satisfaction in terms of tourism sector employees. The research was carried out by survey method on 392 personnel in five-star the hotels in Antalya region. The results of the correlation analyses showed that it was determined that organizational pride and its sub-dimensions had a positive and low-level relationship with job satisfaction and its sub-dimensions. According to the results of the multiple regression analysis, it was concluded that the emotional pride dimension, which is one of the sub-dimensions of organizational pride, has a significant effect on job satisfaction and its sub-dimensions.