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A Panel Study of the Impact of R&D on Financial Performance: Evidence from an Emerging Market

Mahmut ERDOĞAN | Adilya YAMALTDİNOVA

In recent years, innovation and R&D activities have been one of the most important factors affecting the growth strategies of the companies and their financial performance. However, it is the fundamental elements of sustainable economic growth, innovative activities have strategic decision-making characteristics due to their effects on efficiency and market value. The aim of this paper is to investigate the effects of R&D expenditures on the financial performance of 62 production companies listed in Borsa Istanbul in the period of 2008-2017 by using panel data methods. We used return on assets ...Более

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Employment Vulnerability and Earnings in Kyrgyzstan

Kamalbek KARIMŞAKOV

Employment vulnerability is considered as working under inadequate conditions. This research examined the impact of employment vulnerability on earnings with special reference to gender-based differences. Analyses were based on panel data for 2010-2013 and 2016 from the household survey. A panel data fixed-effects model with instrumental variable within the Lewbel (2012) method was applied to estimate an earnings equation. Results indicates negative impact of employment vulnerability on earnings. Women experienced this negative effect more severely. Given these empirical findings, government l ...Более

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A Social Accounting Matrix for Kyrgyzstan for 2010

Kamalbek KARIMŞAKOV

The main aim of this paper is to construct a latest Social Accounting Matrix (SAM) for Kyrgyzstan economy for the year 2010. The constructed SAM shows the interaction between production, income, consumption and capital accumulation in the economy. The dataset for the SAM is mainly based on the input-output table and national account system data for the country. The SAM can be used to provide an analysis of the interrelationship between the production structure of the economy and the distribution of incomes and expenditures of different household groups in the country. In addition, it can be us ...Более

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Remittances and labor supply of the left-behind youth: Evidence from Kyrgyzstan

Kamalbek KARIMŞAKOV | Burulça SULAYMANOVA | Raziyahan ABDİYEVA

This paper examines whether remittances from international migration impact on the occupational choice of left-behind youth in Kyrgyzstan. Labor supply is analyzed both at the extensive and intensive margins using cross-sectional data for 2011. To overcome endogeneity concerns, an instrumental variable approach was implemented. Findings demonstrate that migration, rather than remittances, pushes the left-behind youth to become unpaid family workers. This is explained by the substitution effect as the youth left behind are called upon to replace the migrant labor. Moreover, this effect is heter ...Более

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A research on levels of organizational learning in educational institutions

Celaleddin SERINKAN

Nowadays changes and developments are being experienced in the roles of educational institutions. Educational institutions should respond against these changes and developments by adopting the approach of "teaching" as well as the concept of "learning" and by making organizational learning subject an integral part of their corporate culture. The purpose of this study is to compare the levels of organizational learning in public and private educational institutions, if any, to focus on the causes by analyzing differences. Survey sample is consisted of 916 administrators and teachers working in ...Более

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A SPATIAL ECONOMETRIC ANALYSIS OF ENVIRONMENTAL KUZNETS CURVE IN EUROPE = AVRUPA'DA ÇEVRESEL KUZNETS EĞRİSİNİN MEKANSAL EKONOMETRİK ANALİZİ

Mahmut ERDOĞAN

Energy consumption has been found to be important in understanding national and global emissions. This paper investigates the relationships between SO2, NOx, CO, VOC, NH3, CO2 emissions,income, and energy consumption in Europe from 1990 to 2012. Environmental Kuznets Curve literature has excluded spatial interdependence and this could bias the estimates. By employing the spatial Durbin model and using panel data sets from 36 European countries, this study finds that there is an inverted-U shaped Environmental Kuznets Curve for SO2, NOx, CO and CO2 while NH3 emissions follow a U-shaped relation ...Более

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Perception of Strategical Management in Textile Sector

Celaleddin SERINKAN

The aim of this research includes what the perception of textile firms operating in Denizli province about strategic management issues are, at what organizational level the strategic management decisions are taken and what the strategic goals are. Moreover, this study is important in terms of creating awareness by reminding the importance of strategic management in textile sector. The textile sector which has an important place within Denizli's economy. The textile production and sales have always been placed on the top for the economic structure in Denizli and it will continue to be an econom ...Более

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Forecasting stock index movement with artificial neural networks: The case of İstanbul stock exchange = Yapay sinir ağları yöntemi ile menkul kıymetler borsası endeksinin değişim yönü tahmini: İstanbul menkul kıymetler borsası örneği

Kamalbek KARIMŞAKOV

This study aims to examine performance of artificial neural networks (ANN) in forecasting stock market index movement. The forecasting is based on two samples of Istanbul Stock Exchange (ISE) data and each consisting of 150 observations. Forecasting performance is assessed in one, five and ten day periods. Results show that ANN gives high percentage of correctly forecasted signs. This performance is particularly evident in five days period, while conventional approach mostly uses next day forecasting. These results imply that for more efficient forecasting with ANN use of different time period ...Более

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Tourism Sector in Order to Recovering From the Recession: Comparison Analyses for Turkey

Muhsin HALİS

2008 economic crisis hit very hard many sectors globally, beside tourism, too. According to the economical and financial reports, the demand of hotel & restaurant industry declined sharply, and as a result of that situation tourism revenues had been affected negatively. Turkey was one of the few destination, which had a growing at the international tourist arrivals despite the 2008 crisis. Although the tourism revenues declined, but it was little while comparing with its competitors. Via the analyses of data's has been obtained by Prime Ministry Undersecretaries of Treasury, the effects of the ...Более

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The school-to-work transition, overeducation and wages of youth in Kyrgyzstan

Kamalbek KARIMŞAKOV | Burulça SULAYMANOVA

Purpose The purpose of this paper is twofold: first, it analyses the relationship between educational level, the school-to-work transition period for youth and positions which suffer from an education-job mismatch in Kyrgyzstan; and second, it investigates the effect of the education-job mismatch on the wages of youth in Kyrgyzstan. Design/methodology/approach The study uses the International Labor Organization 2013 data from the school-to-work transition survey for Kyrgyzstan. The Kaplan-Meier failure analysis is employed to demonstrate the relationship between school-to-work transition and m ...Более

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Remittances and Economic Growth in Transition Countries

Kamalbek KARIMŞAKOV

Migrants' remittances have become an important development tool because they can raise income and reduce poverty rates in developing countries. These remittances might also promote development by providing funds that recipients can spend on education or health care or invest in entrepreneurial activities. Thus, workers' remittances are a steadily growing external source of capital for developing countries. In spite of the fact that importance of remittances in total international capital flows are increasing, the relationship between remittances and growth has not been adequately studied. The ...Более

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Determinants of Innovation Activity of Small and Medium-Sized Enterprises in Small Post-Soviet Countries

Kamalbek KARIMŞAKOV | Burulça SULAYMANOVA | Dastan ASEİNOV

This paper aims to study the determinants of innovation activity of small and medium-sized enterprises in five small post-Soviet countries. Empirical analysis is based on the data from the fifth wave of the Business Environment and Enterprise Performance Survey. Innovation of SMEs is measured with five innovation practices. For each aspect of innovation probit model is applied. Estimation results shows that experience of managers has curvilinear effect on the innovation in SMEs. Moreover, foreign participation, export orientation and competitiveness in sectors are indicated as important condit ...Более

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