Bankacılık ve Finans Bölümü YayınKoleksiyonu
Permanent URI for this collectionhttps://hdl.handle.net/20.500.12416/400
Browse
Browsing Bankacılık ve Finans Bölümü YayınKoleksiyonu by Author "Akdoğan, Ece Ceylan"
Now showing 1 - 7 of 7
- Results Per Page
- Sort Options
Article Citation Count: Akdoğan, E.C.,"Asymmetric Smooth Transition in Cds Spreads: Evidence From Latvia",Academy of Accounting and Financial Studies Journal, Vol. 23, No. 3, pp. 7, (2019).Asymmetric Smooth Transition in Cds Spreads: Evidence From Latvia(Allied Business Academies, 2019) Akdoğan, Ece Ceylan; 17735This paper investigates the predictability of CDS premiums and thus addresses weak form informational efficiency of CDS markets through examining the statistical properties of Latvian CDS spreads in-between 01:2006-08:2017 by concentrating on stationarity issues. The findings for the Augmented Dickey Fuller test fail to reject the presence of unit root indicating that the CDS market is weak form efficient while nonlinear tests of Kapatenios, Snell and Shin, and Sollis claim the opposite, demonstrating a smooth transition in general, and asymmetric smooth transition in particular. Additionally, the results of Perron and Zivot-Andrews tests identify no structural break as well for robustness. These results underline the necessity of accounting for nonlinearities in CDS premiums to grasp the predictability dynamics better.Article Citation Count: Akdoğan, Ece Ceylan (2015). "Economic exposure of emerging market firms", Actual Problems of Economics, Vol. 166, No. 4, pp. 67-74.Economic exposure of emerging market firms(2015) Akdoğan, Ece Ceylan; 17735Although foreign exchange risk inherits more severe exposures for emerging market firms, past empirical research addressing foreign exchange exposure is mainly concentrated on firms operating in developed economies. This paper examines the impact of exchange rate fluctuations on firm value at an emerging market through focusing on economic exposure of Turkish listed firms. The findings indicate that depreciation of Turkish lira against the euro, the US dollar and the basket currency significantly deteriorates firm value in a current month while significantly enhances firm value during the next month. When the overall impact of Turkish lira depreciation on the value of Turkish companies is considered, it is observed that the weakening of the home currency has a positive effect on firm’s value.Article Citation Count: Akdoğan, Ece Ceylan. (2018). "How globalization affects the operational efficiency of emerging market firms?: A comparative analysis on Turkish SMEs", Economics and Business Letters, Vol.7, No.1, pp.9-17.How globalization affects the operational efficiency of emerging market firms?: A comparative analysis on Turkish SMEs(2018) Akdoğan, Ece Ceylan; 17735This paper examines the impact of globalization on the operational efficiency of emerging market firms by concentrating on the financial outcomes of a firm’s main operations through focusing on operating income and cash conversion cycle as well as on their possible causes in an emerging market, Turkey. The findings indicate that globalization significantly deteriorates the operating income and lengthens the cash conversion cycle of Turkish firms. Besides, globalization is found to increase sales of SMEs and decrease sales of large companies significantly and the impact on operating income of large companies is observed to be stronger. Globalization is also found to lead a softening in Turkish firm’s terms of sales and enable Turkish SMEs to benefit from better terms of purchase.Article Citation Count: Akdogan, Ece Ceylan , "How Globalization Affects The Operational Efficiency of Emerging Market Firms?: A Comparative Analysis On Turkish SMEs", Economics and Business Letters, 7, No. 1, pp. 9-17, (2018).How Globalization Affects The Operational Efficiency of Emerging Market Firms?: A Comparative Analysis On Turkish SMEs(Univ Oviedo, 2018) Akdoğan, Ece Ceylan; 17735This paper examines the impact of globalization on the operational efficiency of emerging market firms by concentrating on the financial outcomes of a firm's main operations through focusing on operating income and cash conversion cycle as well as on their possible causes in an emerging market, Turkey. The findings indicate that globalization significantly deteriorates the operating income and lengthens the cash conversion cycle of Turkish firms. Besides, globalization is found to increase sales of SMEs and decrease sales of large companies significantly and the impact on operating income of large companies is observed to be stronger. Globalization is also found to lead a softening in Turkish firm's terms of sales and enable Turkish SMEs to benefit from better terms of purchase.Article Citation Count: Akdoğan, Ece C.; Dinc, Dilek Temiz, "Managing working capital efficiency in Turkish agribusinesses and the impact of globalization: insights from an emerging market", International Food and Agribusiness Management Review, Vol. 22, No. 4, pp. 557-569, (2019).Managing working capital efficiency in Turkish agribusinesses and the impact of globalization: insights from an emerging market(Wageningen Academic Publishers, 2019) Akdoğan, Ece Ceylan; Temiz Dinç, Dilek; 52039The efficiency of working capital is a major determinant of firm profitability. So, the grasp of working capital dynamics is extremely important for managers, but also for policy makers, since inefficient working capital management is an important source of industrial sickness. This study focuses on the profitability impacts of working capital policies of Turkish agribusinesses, and aims to investigate the potential effects of globalization on these interrelated relationships. The findings obtained from pooled panel analyses demonstrate that Turkish agribusinesses can enhance their profitability and value by adopting a conservative working capital policy through lengthening the cash conversion cycle up to an optimal level. Besides, globalization is found to deteriorate their efficiency and profitability where economic globalization seems to have the highest impact raising questions on the effectiveness of Turkish agribusinesses in coping with competition. Thus, both the managers and the policy makers should concern with the competitiveness impacts of globalization.Article Citation Count: Akdoğan, Ece C.; Özşuca, Ekin Ayşe, "Profitability effects of financial globalization in an emerging market banking industry: insights into Turkey", Zbornik Radova Ekonomskog Fakulteta U Rijeci-Proceedings of Rijeka Faculty of Economics, Vol. 37, No. 1, pp. 303-325, (2019).Profitability effects of financial globalization in an emerging market banking industry: insights into Turkey(Univ Rijeka Fac Economics, 2019) Akdoğan, Ece Ceylan; Özşuca, Ekin Ayşe; 237965The massive ,financial liberalization followed by accelerating financial globalization leaded to significant structural changes in the financial sector: Since financial institutions play a dominant role in functioning of financial sector, especially in emerging markets where banking industries are generally among the most sensitive sectors to increased interconnectedness of financial markets, haw financial globalization actually affects the efficiency of financial intermediation is a vital question. However; although there exists plenty of research focusing on financial integration, impacts of financial globalization is untouched. Hence, this study investigates the bank profitability effects of financial globalization through focusing on an emerging market, Turkey and searches for any potential differences that may prevail among banks with different ownership structures. The findings indicate that while the market based profitability measures improve with financial globalization, the accounting based measures deteriorate pinpointing to an over optimism in the market which in turn brings in mispricing problems. Besides, ownership structure is found to affect the market based measures where banks with domestic and private ownerships are found to benefit more. However; since no significant distinction could be detected among any of the ownership compositions for accounting based profitability measures, such misappraisals seem to foster the optimism in the market.Article Citation Count: Akdoğan, Ece C. (2020). "Uluslararası Para Sisteminin Geçmişi, Bugünü ve Geleceği", Çankaya Üniversitesi Hukuk Fakültesi Dergisi, Vol. 5, no. 1, pp. 91-120.Uluslararası Para Sisteminin Geçmişi, Bugünü ve Geleceği(2020) Akdoğan, Ece CeylanUluslararası para sistemi uluslararası ödemelerin gerçekleştirildiği, sermaye hareketlerinin düzenlendiği ve döviz kurlarının belirlendiği kurumsal çerçeveyi ifade etmektedir. Bu kapsamda, uluslararası para hareketlerine ilişkin tüm kurumlar, araçlar, süreçler, kurallar ve yasalar bütünü olarak da değerlendirilebilir. Uluslararası para sistemi zaman içerisinde önemli değişikliklere sahne olmuştur ve bir yenisinin dünyaya yaklaşmakta olduğuna ilişkin önemli güncel tartışmalar bulunmaktadır. Yarına yetişebilmek için dünü, bugünü ve bugüne nasıl gelindiğini anlamak, bugünün ekonomik, politik ve finansal sorunlarını kavramak çok önemli bir temel oluşturmaktadır. Bu görüşten hareketle bu çalışmanın amacı, uluslararası para sisteminin bugüne kadar nasıl geliştiğini aktarmak, güncel sorunları tartışmak ve gelecekte neler olabileceğine ilişkin tartışmaları sunarak uluslararası para sisteminde yaşanabilecek muhtemel bir değişikliğe karşı daha iyi konumlanmamıza yardımcı olabilecek gelişmeleri değerlendirmektir.
