İktisat Bölümü Yayın Koleksiyonu
Permanent URI for this collectionhttps://hdl.handle.net/20.500.12416/402
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Browsing İktisat Bölümü Yayın Koleksiyonu by Author "9839"
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Article Citation Count: Kadıoğlu, Eyüp; Günalp, Burak, "Profitability of brokerage houses in Turkey", Economic Research-Ekonomska Istrazivanja, Vol. 32, No. 1, pp. 1583-1601, (July 2019).Profitability of brokerage houses in Turkey(Routledge Journals, Taylor & Francis LTD, 2019) Kadıoğlu, Eyüp; Günalp, Burak; 9839This paper uses a direct measure of efficiency to examine the relationship between market structure and the performance of brokerage houses in Turkey. This methodology involves two stages: First, a stochastic translog cost frontier is specified to obtain a direct measure of efficiency. Second, this measure is included in a profitability equation along with market concentration and market share variables. These two equations are then estimated using quarterly data from 112 brokerage houses for the period 2008-2015. The results show that the efficiency of brokerage houses does not influence profitability when measured directly. Market share, on the other hand, is found to be one of the main determinants of profitability, providing support for the relative market power hypothesis.Article Citation Count: Dinçer, Oğuzhan; Günalp, Burak (2020). "The effects of federal regulations on corruption in US States", European Journal of Political Economy, Vol. 65, pp. 1-11.The effects of federal regulations on corruption in US States(2020) Dinçer, Oğuzhan; Günalp, Burak; 9839Using the newly constructed Federal Regulation and State Enterprise Index (FRASE Index) to measure the federal regulations and the existing Corruption Convictions Index (CCI), we investigate the effects of federal regulations on corruption in U.S. states. Controlling for several demographic and economic variables including the Fraser Institute's Economic Freedom Index (EFI), which measures the size and scope of government in U.S. states, we find a positive and statistically significant relationship between federal regulations and corruption. Our findings have important policy implications. A 1 standard deviation increase in FRASE Index causes CCI to increase by approximately 0.5 standard deviations. Standardized coefficient of EFI is also approximately equal to 0.5. In other words, it is possible to mitigate the effects of regulations at the federal level by reducing the size and the scope of the government at the state level.