Market In Turkey Research Articles

E-PERAKENDE SİTELERİNDE YAŞANAN AKIŞ DENEYİMİNİN TÜKETİCİ SATIN ALMA NİYETİNE ETKİSİ: GİYİM VE AYAKKABI SEKTÖRÜNDE FAALİYET GÖSTEREN MARKALAR ÜZERİNDE BİR İNCELEME

Son yıllarda artan internet kullanıcı sayısı, e-perakende sektöründe faaliyet gösteren firmaların dikkatini oldukça çekmektedir. Bu bağlamda firmalar daha büyük kitlelere ulaşmak amacıyla, e-perakendecilik faaliyetlerine başlamıştır. E-perakende ile pazarlanan farklı türdeki ürün ve hizmetlerin içinde büyük bir paya sahip olan giyim ve ayakkabı sektörü, satın alma kolaylığı, ürün çeşitliliği vb. durumlardan dolayı son yıllarda Türkiye pazarında tüketiciler tarafından oldukça ilgi çekici hale gelmektedir. Ek olarak bireyler, e-perakende sitelerine sözü edilen durumların yanında ürün ve fiyat hakkında bilgi edinme, satın alma, merak vb. gibi amaçlarla giriş yaptıkları esnada, satın alma niyeti oluşma sürecinde farklı değişkenlerin yanında akış deneyiminin de etkili olduğu düşünülmektedir. Bu çalışma ile giyim ve ayakkabı alışverişi için e-perakende sitelerini tercih eden tüketicilerde, site kullanımı esnasında gerçekleşen akış deneyiminin, tüketici satın alma niyeti üzerindeki etkisini açıklamak amaçlanmaktadır.

BITCOIN: IS IT AN ALTERNATIVE FOR THE STOCK EXCHANGES? A COMPARATIVE PANEL DATA ANALYSIS FOR THE FAR EAST ASIAN COUNTRIES AND TURKEY UNDER THE CROSS-SECTIONAL DEPENDENCE

In this study, we investigated whether bitcoin crypto money is an alternative to the stock exchange as an investment tool. For this purpose, the relationship between bitcoin and the stock market was examined in terms of the returns and liquidity. In the analysis, daily returns of the 9 Far East countries and Turkey's stock markets and daily returns of the bitcoin were used for the period of 22.02.2012-15.08.2018. According to the results of the model, an increase of the Bitcoin's returns has reduced the return on the stock market in Turkey and Far East countries. From point of this, it can be seen that the as an investment tool, bitcoin cryptocurrency has been becoming the substitute for the country stock exchanges included in the sample. The highest impact of bitcoin on the stock exchange was observed in Turkey and Indonesia while the least effect was seen on the Malaysia, Singapore and Korea respectively.

THE MARKET POWER OF TURKEY'S IMPORTED TOBACCO MARKET

Despite its high share in the taxes collected and the superiority in foreign trade, tobacco production has been regulated by special laws for many years due to the increased production of tobacco to the detriment of other agricultural products and the large number of producers. Public supervision, regulation and surveillance are still in progress despite the major changes experienced in the tobacco market due to the recent changes in legislation. Tobacco production cannot be increased because of technological insufficiency and inadequate development of research activities. As well as this, there is an increase in the demand for imported tobacco, which is relatively cheaper than domestic tobacco in the global competitive environment. This is what transforms Turkey's market position into the largest tobacco importer which was a tobacco exporting country before. The aim of this study is to calculate Turkey's market power in the tobacco import market econometrically by using New Industrial Organization method. Market power coefficient was found to be 0.37 in this study in which annual data for the period 1994-2016 were used. This result reveals that Turkey's tobacco import is not realized under perfect competition conditions and the firms display behaviors in oligopolistic structure.

Self assessment as a gate to performance improvement: A study on hospitality management in Turkey

In order to improve Turkey's market share in world tourism, organizations of the sector should develop means for the supplied quality and competitiveness. This study surveyed four-star city hotels in Istanbul and found areas of improvement. The survey tool is based on o widely recognized self assessment form, i.e., the European Foundation for Quality Management (EFQM) Excellence Model and applied to eight hotels as a multiple-case studies design. In general, findings demonstrate that, while hotels are managing customer related processes properly, there appears a big gap between the current approaches and the Model's leadership, strategy, and people criteria.

What Forces Generate High Asset Return Correlations and Long Term Financial Market Disequilibrium in Emerging Markets? The Evidence for Bank Portfolio Risk Management Errors in Turkey

The common explanation in the finance literature for high asset return correlations in some emerging markets is lack of information. Grossman (1976) and others proffer the hypothesis that sparse or misleading information produces high asset return correlations in some emerging markets. But we present evidence that the situation in truth is the reverse. High correlations are not the result of missing information. They contain information. They signal diversification losses, but also arbitrage gains. In two earlier articles (Dew 2002, 2003a) we develop evidence that emerging market high asset return correlations themselves constitute valuable publicly available information. In six emerging markets, high asset return correlations are associated with large short positions in minimum risk portfolios. Risk minimizing investors obeying the short sales signals would have had portfolios with substantially lower risk than the market portfolio during economic crises in these countries. Further, 2003b demonstrates that in Turkey, the existence of short positions was related to very large persistent excess returns to holding the minimum risk portfolio, an apparent disequilibrium that was a strong predictor of excess returns for the entire six year period of our sample data in Turkey. In a third article (2003b) we found another puzzle in Turkey. Turkey's banks are in the throes of a four year crisis. But we demonstrate that a hypothetical Turkish bank would have gotten by quite nicely during the period reacting to risk signals by adjusting portfolios containing only Treasury bills and cash for the entire period. Here we propose a link between the banking puzzle and the market inefficiency puzzle, producing an explanation for both market inefficiency and the confusion in the banking system. Turkey's banks, which constitute half the market value of the ISE 100, Turkey's market index, have been ignoring, or forced to ignore, pricing signals. This was an opportunity, not a problem, for the rest of the market. Finally the article argues that disequilibrium banks require different tactics in applying Value at Risk strategies than in equilibrium markets. These tactics are characterized.