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Institution

Yaşar University

EducationIzmir, Turkey
About: Yaşar University is a education organization based out in Izmir, Turkey. It is known for research contribution in the topics: Exergy & Job shop scheduling. The organization has 760 authors who have published 1436 publications receiving 20813 citations. The organization is also known as: Yaşar Üniversitesi.


Papers
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Journal ArticleDOI
TL;DR: In this article, the authors investigate the relationship between oil price shocks and stock market taking the possible structural breaks into the consideration, and find that the relationship is strong in the long-run.
Abstract: Summary: Oil prices are often considered as a vital economic factor due to the dependence of the world economy on oil. The goal of this paper is to contribute to the literature on the dynamic relationship between oil prices and stock prices under the presence of possible structural breaks in an emerging market, Turkey. The empirical evidence suggests that the oil prices are important in explaining the stock market movements. Stock prices, oil prices and nominal exchange rates are found as cointegrated after taking structural breaks into account. Moreover, results of parameter stability test are consistent with our findings indicating that relationship between series is strong in the long-run. The results are important in the way that they show the global factors are also dominant on the Turkish stock market. Turkey is a dynamic economy, an emerging market in the intersection of Europe and Asia, with a population of about 70 million. Due to the fact that Turkey is not an oil producing country, she imports oil and is vulnerable to changes in the global oil prices. Turkish stock market, namely Istanbul Stock Exchange (ISE), is an emerging market with approximately three billion dollars of transaction volume in 2011. Since Turkey is an emerging economy, various downturns have been experienced. These downturns have created the structural breaks on the macroeconomic variable and also on stock exchange indices. On this paper we want to emphasize the importance of the structural breaks and possible forecasting errors in case of ignoring them. The aim of this paper is to investigate the relationship between oil price shocks and stock market taking the possible structural breaks into the consideration. Analyzing the impact of the oil price shocks on stock markets is important both for policy makers and investors in the stock market. This paper has several contributions on this existing scarce literature about the relationship between oil price shocks and stock market. Firstly, we employed brand new estimation procedures to the literature. We apply cointegration tests which take the endogenous structural breaks into account namely, Allan W. Gregory and Bruce E. Hansen (1996) and Abdulnasser Hatemi-J (2008). Secondly, unlike most of the studies in the literature, which are bulkily focused on developed countries like United States and European countries, we analyzed the impact of oil price shocks on the Turkish stock market which is an emerging market. Thirdly, we extend the modeling framework by adding the exchange rate

10 citations

Journal ArticleDOI
TL;DR: In this article, the authors reported that people can make accurate inferences about the level of the Big Five and the Dark Triad personality traits in strangers by only looking at their faces.

10 citations

Journal ArticleDOI
TL;DR: In this article, the authors investigated the effect of financial liberalization on the aggregate total volatility of stock returns by considering the time-varying nature of the liberalization and explored the channels through which the degree of monetary liberalization impacts aggregated total volatility.
Abstract: In this study, we address whether the degree of financial liberalization affects the aggregated total volatility of stock returns by considering the time-varying nature of financial liberalization. We also explore channels through which the degree of financial liberalization impacts aggregated total volatility. We document a negative relation to the degree of financial liberalization after controlling for size, liquidity, country, and crisis effects, especially for small and medium-sized markets. Moreover, the degree of financial liberalization transmits its negative impact on aggregated total volatility through aggregated idiosyncratic and local volatilities. Overall, our results provide evidence in favor of the view that the broadening of the investor base due to the increasing degree of financial liberalization causes a reduction in the total volatility of stock returns.

10 citations

Journal ArticleDOI
01 Oct 2012-Energy
TL;DR: In this paper, the authors performed energy and exergy analyses of a coal-preparation unit in a cement plant and investigated the effect of varying dead state (ambient) temperatures on exergy efficiency.

10 citations

Journal ArticleDOI
TL;DR: In this paper, the authors investigated the internal and external factors for CC adoption decisions of companies in Izmir, Turkey using a combination of DOI and TOE models, and found that complexity and top management supports are significantly important for efficient CC adoption.
Abstract: Purpose of the study: This study aims to investigate the internal and external factors for CC adoption decisions of companies in Izmir, Turkey using a combination of DOI and TOE models. Methodology: This is a confirmatory survey of businesses, forming a questionnaire for 176 IT decision-makers of non-cloud or cloud user businesses in the city of Izmir in Turkey. SmartPLS 3.0 software is used to assess the determinants affecting cloud computing adoption. Main Findings: The study identified relative advantage, compatibility, complexity, and top management support, using security and privacy concerns and cost savings as mediating variables of relative advantage for CC adoption. The survey results indicated that complexity and top management supports are significantly important for efficient CC adoption. The model explained 41.2 percent of CC adoption. Applications of this study: The study is believed to be useful in fields including business development for most sectors, computing, cloud providers as well as researchers on business administration, sales, marketing, and IT infrastructure. Particularly this study and the suggested framework will help companies and businesses adopt CC appropriately. Moreover, as suggested in the study, governments can use such frameworks when encouraging cloud providers to support companies in their decision making and transition periods for CC adoption. Novelty/Originality of this study: This study will undoubtedly contribute to the decision making processes of the companies for CC adoption. Through the integrated in-depth analysis of the factors that affect the adoption decisions in an industrial region of Turkey, the study will also provide valuable data for the researchers and businesses within similar company personas.

10 citations


Authors

Showing all 808 results

NameH-indexPapersCitations
Arif Hepbasli6736515612
Quan-Ke Pan6228112128
M. Fatih Tasgetiren281154506
Erinç Yeldan25802218
Kaizhou Gao24912225
Musa H. Asyali20541554
T. Hikmet Karakoc201111359
Ahmet Alkan20761854
Banu Yetkin Ekren19601751
Cuneyt Guzelis181191609
Bekir Karlik18431466
Murat Bengisu18471008
Yigit Kazancoglu171071082
Derya Güngör1630719
Mangey Ram161681149
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Performance
Metrics
No. of papers from the Institution in previous years
YearPapers
202321
202250
2021187
2020189
2019158
2018114