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 ...More

Analysis of Article Methodologies on Financial Statements’ Transparency Between the Years 2000 and 2016

Bilal SOLAK

Accounting scandals that took place in the last quarter of the twentieth century such as the one at ENRON and PARMALAT prove the importance of transparency and objectivity for the presentation of financial statements. Accounting researchers all over Turkey and other countries have started to publish more studies using different kinds of methodologies on providing transparency for the financial statements due to the scandals. Published work by accounting scientists is extraordinarily crucial both for accounting theory and shaping accounting applications. In this research, article methodologies ...More

The moderator role of negative environment perceptions in the effect of achievement motivation on work values in entrepreneurship

Ömer Lütfi ANTALYALI

Kyrgyz National Felt Products: Modern Transformations = Кыргызские национальные войлочные изделия: современные трансформации

Kayrat BELEK

Испокон веков войлок играл огромную роль в жизнеобеспечении кочевников-скотоводов Евразийского пространства. В каждом домохозяйстве кыргызов традиционно занимались обработкой шерсти и выделкой кошмы. С распадом Советского Союза область домашних промыслов Кыргызстана переживает глубокие изменения. Они затрагивают и сферу производства войлочных изделий (одежды, предметов быта, снаряжения), которая является важной частью культурного наследия региона. Многие семьи перестали заниматься валянием войлока, что привело к утрате навыка изготовления войлочных изделий у значительной части населения. С дру ...More

Gender differences, risk attitude and entrepreneurship in Kyrgyzstan

Raziyahan ABDİYEVA | Burulça SULAYMANOVA | Kamalbek KARIMŞAKOV

This study analyses the role of risk attitude for entrepreneurship by gender differences in Kyrgyzstan. Logit analysis is applied to the cross-sectional data set drawn from the nationally representative survey for 2011. Entrepreneurship is measured by the self-employment activities and analysed by the agricultural and non-agricultural sample. Results of the study show that more risk-taking preferences are associated with higher entrepreneurship probability. However, this effect is not persistent for women in further estimations for non-agricultural entrepreneurship sample, while for men higher ...More

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 ...More

Relationship between Trade Openness and Economic Growth: Evidence from Panel Causality Analysis

Zamira ÖSKÖNBAYEVA

The main purpose of this study is to investigate the causal relationship between trade openness and economic growth using the panel data of 125 countries for the period 1992-2015. For this purpose, a three-stage panel Granger causality test has been employed. Countries were divided into two groups as developed and developing countries. In the first stage panel unit root test has been used in order to explore stationarity properties of the series. Then panel co-integration technique has been employed in order to estimate long-run economic relationships between variables. In the last stage panel ...More

Direct and inverse approximation theorems of functions in the Orlicz type spaces S-M

Fahreddin ABDULLAYEV

In the Orlicz type spaces S-M, we prove direct and inverse approximation theorems in terms of the best approximations of functions and moduli of smoothness of fractional order. We also show the equivalence between moduli of smoothness and Peetre K-functionals in the spaces S-M. (C) 2019 Mathematical Institute Slovak Academy of Sciences

Использование диких животных в туризме: на примере Кыргызской Республики = WILDLIFE USE IN TOURISM: THE KYRGYZ REPUBLIC IS AN EXAMPLE

Bakıt TURDUMAMBETOV

Кыргызская Республика находится в поиске собственных ниш на мировом рынке. В природном отношении Республика является горной страной в Центральной Азии, не имеющей выхода к морю. Дикие животные являются неотъемлемой частью горной экосистемы Кыргызской Республики. С переходом на рыночную экономику, после распада Советского Союза, на основе использования многих из этих животных в республике начали развиваться такие сегменты въездного туризма как трофейная охота, экотуризм, культурный туризм на базе кочевых традиций с использованием охотничьих хищных птиц. Также дикие животные используются местным ...More

The causal effects of education on wages: Evidence from Kyrgyzstan

Zamira ÖSKÖNBAYEVA

This study uses a Mincerian earnings function to estimate the effect of education and experience on the wages of women working in developed business and trade center of Bishkek, Kyrgyztan. It employs a robust median regression and M Regression to estimate the functions for both public and private sectors. The paper also estimates the function using a least squared regression for comparison. Findings/Originality: The results show that returns to education for women employees in the private sector are higher than that of in the public sector. In contrast, the returns to experience for women empl ...More