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Introduction
Bankruptcy Modelling
Islamic Finance
Current institution
Publications
Publications (45)
This study aims to identify the factors influencing the adoption of digital banking in the Nigerian youth market. The research explores the adoption of both mobile and internet banking as part of a single digital banking concept. The research model extends the technology acceptance model (TAM) by further examining the impact of awareness, culture,...
This study investigates the role of foreign direct investment (FDI) and its country-of-origin in technology transfer. Using data of 95 countries from 2008 to 2019, results indicate that net inflows of the FDI are positively related to technological transfer especially
in developing countries. This is consistent with the findings that show fewer res...
Credit ratings have become open to dispute in recent years regarding their objectivity, timeliness, and the criteria considered in the assignment process, which resulted in an inclination toward other methods to measure credit risk. This study applies contingent claims analysis, a novel risk analysis technique, in Turkey to assess their credit risk...
The factors affecting environmental quality are examined in this chapter. Along with the support of relevant literature, Environmental Kuznets Curve (EKC) hypothesis is explained in detail to examine the impact of economic growth. In order to understand the linkage between foreign direct investments (FDI) and environmental degradation, Pollution Ha...
The main aim of the present study is to examine the possible nonlinear relations between foreign direct investments and environmental deterioration for subpanels separated according to the income levels of countries by using the classification made by the World Bank. Total energy consumption, economic growth, and renewable energy share are also con...
This paper introduces a theoretical model that relates firm dynamics to bankruptcy processes on both univariate and multivariate bases. The distinctiveness of the study lies in the estimation of default using a framework where firm dynamics are linked to the bankruptcy process itself. The structure builds on theoretical relations among the construc...
Cross listing has become a worldwide phenomenon and is considered a great way for listed companies to raise extra capital and gain access to new markets and segments. However, the impact of cross listing is very vague and data and research regarding the subject in relation to the Arabian Gulf are very limited. It is very important to know the impli...
This paper attempts to test the relationship between economic growth and equity
market development in GCC region which is the Cooperation Council for the Arab
States of the Gulf, namely, Saudi Arabia, Bahrain, the United Arab Emirates,
Oman, Kuwait and Qatar over the period of 2000 and 2017. The Generalized
Linear Mixed Model (GLMM) is adopted to f...
In this study, a comparative analysis of participation (Islamic) banks and liberal (conventional) banks within the banking system in Turkey in terms of distributing profit share rate applied by liberal banks and deposit interest rates applied by liberal banks is conducted. The data used for the analyses include annualized deposit interest rates imp...
This essential textbook provides a comprehensive introduction to the Islamic business environment, exploring core concepts and practices in business administration from an Islamic perspective. Thorough and accessible, it covers the full range of Islamic business, including entrepreneurship, ethics, organizational culture, marketing, finance and dec...
This book seeks to provide insights on managerial functions of SMEs by focusing on practical implications of SMEs operating in Turkey. It covers six areas of opportunity: governance, sustainability, internationalization, foreign trade and exporting strategies, management information systems, finance and accouting.
Her sektörün kendine özgü bir yapısı vardır. Sektörün risk unsurları bu yapı içerisinde kendine özgü bir nitelik kazanmaktadır. Havacılık sektörü, hem ulusal hem de uluslararası platformlarda son derece katı uygulama kurallarının bulunduğu ve yüksek yatırım gerektiren bir hizmet sektörüdür. Havayolu taşımacılığı hem insan hem de kargo taşımacılığın...
Turkey has a liberal economy, offering a combination of both the conventional and Islamic banking system. Islamic banks are referred to as participation banks in the country. The overall share of participation banking in the banking system is about 5%. Because of this composition, the general economic outlook in the evaluation of the impact of the...
Sürdürülebilirlik kavramı; çevresel ve sosyal sorunlara karşı alınan tedbirlerle beraber odak noktası haline gelmiş, Birleşmiş Milletler’in yakın zamanda Sürdürülebilir Gelişme Hedefleri 2030’u yayınlamasıyla sürdürülebilir gelişmenin önemi vurgulanmıştır. Türkiye bu plana katılan ülkeler arasındadır. Yatırımların sürdürülebilirlik ve sosyal soruml...
The purpose of the present study is to evaluate the current state of the linkage
between corporate governance and performance. Corporate governance is by far
the most important subject that should be studied due to its role and significance.
Accordingly, there is intensive literature on corporate governance and its possible
impact on performance. B...
The purpose of the present study is to evaluate the current state of the linkage between corporate governance and performance. Corporate governance is by far the most important subject that should be studied due to its role and significance. Accordingly, there is intensive literature on corporate governance and its possible impact on performance. B...
Measuring efficiency is a critical stage for decision making processes. Although previous studies show many aspects of Islamic banks that outperform conventional banks, this research investigates the most current evidence from banking sector. The purpose of the present study is to measure the efficiency of participation banks and conventional banks...
Purpose
The purpose of this paper is to empirically investigate the effect of real credit ratings change on capital structure decisions.
Design/methodology/approach
The study uses three models to examine the impact of credit rating on capital structure decisions within the framework of credit rating-capital structure hypotheses (broad rating, notc...
Bu çalışmanın amacı Türkiye ile Brezilya, Rusya, Hindistan, Çin ve Güney Afrika (BRICS) ülkelerindeki tahvil piyasası, hisse senedi piyasası ile CDS primleri arasındaki uzun dönem ilişkiyi ülke bazında ortaya koymaktır. Özsermaye ve tahvil piyasalarının CDS piyasalarıyla olan ilişkisini Türkiye ile BRICS ülkeleri kapsamında ortaya konması amacıyla...
Yatırım projelerinin değerlendirilmesi, işletme yöneticileri açısından alınması gereken önemli kararlardan birisidir. Bir projenin gelecekte işletmeye katma değer yaratıp yaratmadığı sorusu risk ve belirsizliğin sürekli arttığı iş dünyasında gittikçe zorlaşan bir probleme dönmüştür. Bundan ötürü, bir yatırım projesinin yaratacağı nakit akışları etk...
Bu çalışma Bütçe Açığı ve Politik Stabilite ve Terör Yokluğu Endeksi değişkenlerinin savunma harcamaları üzerindeki etkisini GMM panel regresyon modeli ile incelemektedir. Bu analizi gerçekleştirebilmek için bağımlı değişken olarak savunma harcamaları, bağımsız değişken olarak da Bütçe Açığı ve Politik Stabilite ve Terör Yokluğu Endeksi verileri is...
Bu çalışmada doğrudan yabancı yatırımlar ile ekonomik büyümenin arasındaki ilişki BRICT( Brezilya, Rusya, Hindistan, Çin, Türkiye) ülkelerinin 1998-2016 dönemi için panel birim kök ve nedensellik testleri ile araştırılmıştır. Öncelikle, serilerin yatay kesit bağımlılığı incelenmiş ve sonrasında birim kök testleri uygulanmıştır. Dumitrescu ve Hurlin...
The devastating Japan earthquake (magnitude 9.0) and tsunami (39-metre high) of 2011, also called the Great Tohoku or Sendai earthquake, was a record-breaker natural disaster causing enormous damage and a nuclear meltdown at Fukushima nuclear power plant. This paper attempts to analyse the long and short run effects of this record-breaking natural...
Kuşaklar arasındaki farklılıklar ekonomik ve sosyal açıdan bireylerin davranışlarında değişikliklere sebep olabilmektedir.
Kuşakların zaman içerisinde farklılaşan özellikleri finansal bir yatırımdan beklentilerini, bu finansal yatırım için
katlanabildikleri risk seviyesini değiştirebilmektedir. Çalışmanın amacı Türk sermaye piyasasında Kuşaklar Ara...
The aim of this paper is to explore the relationship between corporate governance and performance of the financial firms in the Kingdom of Bahrain. The study uses annual data of all listed financial firms on the Bahrain Bourse over the period of 2011-2016. The results show that board size, ownership concentration and auditor’s reputation have a pos...
Günümüzde, işletme değerinin tespiti ve piyasa oyuncaları açısından önemi yadsınamaz. Bu bağlamda, işletme değerinin tespiti amacıyla literatürde önerilen pekçok yöntem bulunmaktadır.Bu bölümün temel amacı, işletme değerinin önemini, temel prensiplerini, işletme değeri tespiti için kullanılan temel yöntemleri açıklamaktır. Bu amaçla, yöntemler dört...
Gayrimenkul Yatırım Ortaklıkları (GYO) ilk olarak 1961 yılında ABD’de kurulmuşlardır. GYO’lar kuruluşlarından bu yana dünya gayrimenkul piyasalarının en önemli kurumsal yatırımcılarından biri olmuşlardır. Türkiye’de ise Sermaye Piyasası Kurulu’nun 1995 yılında gayrimenkul yatırım ortaklıklarının kurulmasına ilişkin tebliğinden sonra faaliyetlerine...
Bu çalışmanın amacı Türkiye’deki bankacılık sektörünün verimliliğini ölçmektir.
Çalışma özel, kamu ve yabancı sermayeli mevduat bankaları üzerine yapılmıştır. BCC
(değişken ölçeğe göre getiri) ve CCR (sabit ölçeğe göre getiri) varsayımları altında
2008-2016 yılları arasında veri zarflama analizi sonuçları değerlendirilmiştir.
Çalışmadaki girdiler m...
Previous studies on company scores conducted at firm-level, generally concluded that there exists a positive relation between company scores and stock returns. Motivated by these studies, this study examines the relationship between company scores (Corporate Governance Score, Economic Score, Environmental Score, and Social Score) and stock returns,...
The purpose of the present survey is to review the articles published in the latest issue of Islamic finance journals in terms of conceptualization, methods, findings and research implications. We reviewed 106 articles via content analysis in order to shed a light on the current research stream in Islamic finance. The results indicate the latest re...
Bu calismanin amaci temettu politikalarinin belirleyicileri ile firma degeri arasindaki iliskiyi kavramsal bir model cercevesinde aciklayip tahminlemesini yapmaktir. Bu kapsamda uc temel hipotez grubu olusturulup test edilmistir. Birinci hipotez grubu risk faktoru ile temettu politikalari; ikinci hipotez grubu kurumsal yonetim faktoru ile temettu p...
Purpose
– The purpose of present study is to explore the linkages among Intellectual Capital (IC), Corporate Governance (CG) and Corporate Social Responsibility (CSR) through direct and indirect empirical inquiry.
Design/methodology/approach
– The main setting is designed for exploring the relationship among IC, CG and CSR. Therefore, these three...
Understanding of risk and its resultant impact on the returns and evaluation of risk-return relationship are highly important for investors. For this purpose, the fundamental relationship between risk and return is investigated within the framework of the Capital Asset Pricing Model (CAPM) that has been in use the longest and is still the standard...
SUMMARY Default modelling is a general term used for several interrelated fields of risk management. Bond defaults, credit (loan) defaults, firm defaults and country defaults are examples of this kind. The scope and reason for existence of this study is to focus mainly on firm default. The purpose of this review is to shed light on the development...
Bu çalışmanın amacı, Kurumsal Sosyal Sorumluluk (KSS) kavramını ölçmek ve bu ölçüm değerlerinin
işletmenin, nakit akım, kısa ve uzun dönem borç ödeyebilirlilik, karlılık, varlık verimliliği ve piyasa getirisi gibi
genel boyutlarıyla olan ilişkisini görgül bir analiz ile ortaya koymaktır. Bu amaç doğrultusunda Borsa
İstanbul’da işlem gören üretim fi...
The purpose of this paper is to give a comprehensive theoretical review devoted to asset pricing models by emphasizing static and dynamic versions in the line with their empirical investigations. A considerable amount of financial economics literature devoted to the concept of asset pricing and their implications. The main task of asset pricing mod...
The purpose of the present paper is to examine the impact of domestic and foreign macroeconomic news announcements on the Istanbul Stock Exchange for the period between 2002 and 2010. The market reaction to the news announcements is tested within a research window through which the reaction can be filtered. The results indicate that foreign announc...
In this study we attempt to investigate the linkages between value-based performance measurements and risk-return trade off in a way to explain cross sectional asset returns. On the side of value based performance measurements, three groups of variables are used as a sorting factor: traditional measures which consist of accounting based and market...
