Bankacılık ve Finans Bölümü
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Browsing Bankacılık ve Finans Bölümü by Journal "Economics and Business Letters"
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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: Ilalan, Deniz, "How Us Wages Effect Post-Socialist European Stock Markets: an Empirical Study", Economics and Business Letters, 7, No. 4, pp. 180-189, (2018).How Us Wages Effect Post-Socialist European Stock Markets: an Empirical Study(Univ Oviedo, 2018) İlalan, DenizFollowing the famous tapering speech of Bernanke on 2013, US non-farm payroll data became the leading indicator for the monetary policy of Fed. After midst of 2014 Fed shifted its attention to average hourly wage increases which was regarded as the determinant of inflation. As inflation is closely linked with possible increments of Fed funds rate, investors began to follow US wages more closely. We investigate the impact of US wages especially through concentrating on some Post-Socialist European stock markets. As US wages are found to Granger cause these stock exchanges, interestingly with domestic wages, a similar causation relation could not be achieved. This brings out the question whether wages are indeed an indicator for stock markets or not.
