With refinement of social division of labor, business model undergoes profound changes.
Compared with the traditional heavy-asset business model, a new asset-light business model is now
being widespread through market and entrepreneurs. To put it simply, asset-light companies always
regard knowledge, technology and brand as their core competence, which focus on R&D and marketing
these two high value-added sectors. This paper uses the data of listed companies in China during
2001-2016 as the research sample, and empirically examines the relationship between asset- light
strategy and companies’ profitability. Empirical results show that asset-light strategy has no significant
effect on companies’ profitability. This may be related to Chinese unique economic environment.
In this paper, we analysed the relationship between the financial and business cycles for
the Turkish economy. The quarterly data covers from 2002:Q1 to 2017:Q1. In the paper, we
employed HP filter, the concordance index method and dynamic conditional correlation method in
order to capture the characteristics of the relationships of the cycles. Our empirical findings showed
that the financial and business cycles are highly synchronized in Turkey as found by many
economists. The results also indicate that the credit volume cycle is leading the GDP cycle while the
GDP cycle is lagging the BIST100 cycle. These findings imply that financial variables have strong
impact on real economic activities in Turkey. Therefore, policymakers should pay attention to the
financial issues in order to stabilize the economic developments.
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