2024-03-28T11:15:25Zhttp://i-rep.emu.edu.tr:8080/oai/request
oai:i-rep.emu.edu.tr:11129/352016-03-05T20:44:14Zhdl_11129_2203A Comparaison of Different Banking Systems? Performance During Global Crisis: Conventional vs Islamic BankingSeid, Adam MahamatBanking and FinanceBanks and BankingIslamic BankingConventional BankingRegulationGovernanceABSTRACT: Though overall bank performance from 2007 to 2009 was the worst since at least the Great Depression, there is significant variation in the cross-section of banks performance across the world during that period. More specifically this study is going to investigate the performance of islamic and conventional banks during crisis by looking at 20 different banks from 4 diffrent countries. As we know banks that the market favored in 2006 had especially poor returns during the crisis.
This study tests the performance of banks that belongs to two different sectors: a) Islamic Banks (IBs) and b) Conventional Banks (CBs). The study concentrates on the pre and post 2007 financial crisis with an aim to test if there are any significant differences in performance between the two sectors.
Though canadian banks did not go bankrupt we provide some evidence that capital adequacy ratio has a significant impact on bank profitability in conventional banks. Moreover, we also found out that regulation does not affect islamic banks but management efficiency does. The reason why conventional banks were touch from the recession is because some banks that aim to maximize shareholders wealth before the crisis took some risks that were understood to create shareholder wealth, but were costly ex post because of outcomes that were not expected when the risks were taken. Another important point is that some of the financial crises derive from a human error but not from the regulation or governance. …………………………………………………………………………………………………………………………………………………………………………………………………………………… ÖZ: Büyük Buhrandan sonra ilk kez Global kriz sonrası 2007-2009 yılları arasında bankalar, tüm dünyada ülkelerarası belirgin farklılık gösterse de olumsuz finansal performans yaşamışlardır. Bu çalışmada kredi krizi sonrasında zayıf performansa sebebiyet veren farktörleri değerlendirmek hedef alınmıştır. Kriz dönemindeki banka yönetim seviyeleri, ülke düzenlemeleri, bilançolar ve karlılık karakteristikleri araştırılmıştır. 2006 yılında kriz döneminde piyasaya dönük aktiflere sahip bankalar düşük getirilere sahip olmuşlardır. Geleneksel iyi yönetim ve düzenleme göstergeleri geleneksel bankaların daha kötü performansa sahip oldukları gözlemlenmiştir. İslam bankaların ise daha iyi performansa sahip olmuşlardır. Geleneksel Kanada bankalarında iflas yaşanmamış olması sermaye yeterliliği ile ilgili önemli bulguları ortaya koymuş ve banka karlılığı üzerindeki etkisi kanıtlanmıştır. İslam bankaları üzerinde de düzenlemelerin pek etkin olmadığı fakat etkin yönetimin önemi olduğu ortaya çıkmıştır. Bir diğer nokta ise finansal krizlerin düzenlemeler veya yönetimden değil insan hatalarından kaynaklandığı ortaya çıkmıştır.
Anahtar Kelimeler: İslam Bankacılığı; geleneksel bankacılık, düzenleme, yönetim.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2011. Supervisor: Assist. Prof. Dr. Nesrin Özataç.2012-11-28T13:34:18Z2012-11-28T13:34:18Z2011Thesishttp://hdl.handle.net/11129/35en
oai:i-rep.emu.edu.tr:11129/362016-03-05T21:16:01Zhdl_11129_2203A Comparative Analysis of the Tehran Stock Exchange and Selected Stock Markets: Evidence from a Correlation MatrixTehrani, Amir EhsanBanking and FinanceStock ExchangesIranFinancial Services IndustryInternational DiversificationTehran Stock ExchangeEmerging Stock MarketABSTRACT: The aim of this thesis is to investigate the impact of financial crisis on Tehran Stock Exchange, comparative empirical investigation to measure the market correlation technique between Iran and specific regions by using time series data from 2000 to 2009. In particular, it focuses on market integration, measuring the co-movement of the market using monthly returns, calculated from the main price index between Iran’s market and those of the United States, England, Japan, Brazil, India, China, Russia, Turkey and Kuwait. Thesis focuses on correlation techniques calculated for three significant periods of time. These periods include before the 2007 financial crisis which includes the 2000-2006, during the financial crisis, which includes the 2007 period, and post financial crisis which includes from 2008 to 2009. Global financial crisis has affected the Iranian economy; it has not however had considerable impact on the Tehran stock exchange as compared to those of other emerging and developed markets, but there is indirect effect by decreased the demand of the oil and gas in the world. It caused deficit in the government’s budget; increased the inflation and interest rate. The empirical results indicate that Iran is a viable option for these countries to diversify their investment by investing in the market. Iran might be a beneficial economy to be a final destination for their investment. Keywords: International Diversification, Tehran Stock Exchange, Emerging Stock Market. ……………………………………………………………………………………………………………………………………………………………………………………………………………………
ÖZ: Bu tezin amacı, pazar korelasyon tekniğini kullanarak, Tahran Menkul Kıymetler Borsası’nın 2000 ile 2009 arası zaman serisi verilerini kullanarak, İran ve belirli bölgeler arasındaki borsa getiri korelasyonlarını ölçmek ve finansal krizin etkilerini araştırmaktır. Özellikle, İran ve Amerika Birleşik Devletleri, İngiltere, Japonya, Brezilya, Hindistan, Çin, Rusya, Türkiye ve Kuveyt arasındaki aylık borsa fiyat indeksi getirileri hesaplanarak, piyasa ve pazar entegrasyonu üzerinde odaklanılmaktadır. Tezde, üç önemli dönem için hesaplanan korelasyon sonuçlarını kullanılmaktadır. Bu dönemler, 2007 dönemini kapsayan mali kriz, 2000-2006 mali kriz öncesi, ve 2008-2009 mali kriz sonrasıdır. Küresel mali kriz, İran ekonomisini etkiledi, ancak diğer gelişmekte olan ve gelişmiş pazarlar ile karşılaştırıldığında,Tahran borsasına önemli bir etkisi olmadı. Dolaylı olarak, dünya petrol ve doğal gaz talebi azaldı ve bunun sonucunda, İran hükümetinin bütçe açığı, enflasyon ve faiz oranı arttı. Ampirik sonuçları, İran pazarının yatırımlarını çeşitlendirmek için incelenen ülkeler için uygun bir seçenek olduğunu göstermektedir. İran, yatırım için nihai bir hedef olarak faydalı bir ekonomi olabilir. Anahtar Kelimeler: Uluslararası Çeşitlendirme, Tahran Menkul Kıymetler Borsası, Gelişen Piyasalar.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2011. Supervisor: Assoc. Prof. Dr. Cahit Adaoğlu.Eastern Mediterranean University2012-11-29T06:18:04Z2012-11-29T06:18:04Z2011ThesisTehrani, Amir Ehsan. (2011). Comparative Analysis of the Tehran Stock Exchange and Selected Stock Markets: Evidence from a Correlation Matrix. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/36en
oai:i-rep.emu.edu.tr:11129/422016-03-05T21:15:44Zhdl_11129_2203A Comparative Study on Service Quality and Customer Satisfaction between Public Banks and Private Banks in IranAsgarian, FarzadBanking and FinanceCustomer satisfactionPrivate sectorPublic SectorComparative AnalysisABSTRACT: Privatization of banks started about ten years ago in Iran. The objective of privatization of banks was to limit the government intervention in banks. The public banks in Iran existed for a long period of time. Private banks however came to existence within the last ten years. Nevertheless they try hard to obtain customer satisfaction even after a short period of existence.
This thesis investigates whether the private banks or the public banks have higher customer satisfaction. The analysis is based on a survey study where 220 clients of public and private banks were interviewed. A SERVQUAL questionnaire was used to test the clients‟ expectations and perceptions in banks‟ tangibles, reliability, responsiveness, assurance and empathy. Then the survey findings for public banks and private banks were compared and analyzed. According to the survey findings private banks were more successful to obtain customer satisfaction than the public banks. In other words, private banks‟ quality of service was closer to their clients‟ expectations than it was with the public banks‟ quality of service to their clients‟ expectations. Key words: Customer satisfaction, Private sector, Public sector, Banking, Comparative analysis. ……………………………………………………………………………………………………………………………………………………………………………………………………………………
ÖZ: İran’da bankaların özelleştirilmesi on yıl önce başlamış olup, özelleştirmenin esas amacı hükümetin bankalara olan müdahalesini sınırlamaktı. İran’daki devlet bankaları çok uzun yıllar önce kurulmuş olsa da özel bankalar son on yıl içerisinde kurulmuşlardır. Çok kısa bir süreden beri faaliyet göstermelerine rağmen özel bankalar müşteri memnuniyeti için çok büyük bir çaba göstermektedirler. Bu tez çalışması, İran’daki devlet bankaları ve özel bankaların müşteri memnuniyetlerini araştırıp, bu bankaları müşteri memnuniyeti konusunda mukayese etmeyi hedeflemektedir. Araştırma devlet bankaları ve özel bankaların müşterilerinden oluşan 220 kişilik bir örnekten elde edilen sorvey sonuçlarına dayanmaktadır. SERVQUAL anketi kullanılarak müşterilerin kendi bankaların fiziki varlıkları, güvenilirliği, müşteriye hızlı geri dönebilmesi, ve müşteriye özel hizmet sunabilme konularında kalite algılamaları ve kendi bankalarından beklentileri saptandı. Daha sonra bu bulgular özel bankalar ve devlet bankaları arasında mukayese edildi. Elde edilen sonuçlara göre müşteri memnuniyeti konusunda özel bankalar devlet bankalarına göre daha başarılı oldukları ortaya çıkmıştır. Diğer bir deyişle, özel banka müşterilerinin kalite konusundaki algılamaları ve beklentileri mukayese edildiği zaman, aradaki farkın devlet bankalarına göre daha küçük olduğu ortaya çıkmıştır.
Anahtar Kelimeler: Müşteri memnuniyeti, özel sektör, devlet sektörü, bankacılık, mukayeseli analiz.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2010. Supervisor: Assoc. Prof. Dr. Hatice Jenkins.Eastern Mediterranean University (EMU)2012-11-29T08:48:00Z2012-11-29T08:48:00Z2010ThesisAsgarian, Farzad. (2010). A Comparative Study on Service Quality and Customer Satisfaction between Public Banks and Private Banks in Iran. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/42en
oai:i-rep.emu.edu.tr:11129/812016-03-05T21:09:48Zhdl_11129_2203An Empirical Analysis of Spread for Two Types of FX BrokersHashemifar, AliBanking and FinanceForeign Exchange Market - Financial planners - BrokersForeign Exchange Market - Bid-Ask Spread - LiquidityForeign exchange market is the largest financial market with a daily turnover more than $4 trillion. The existence of many brokers in this market makes the decision of choosing the right broker difficult. For traders, bid-ask spread is one of the most important factors in order to choose a broker with minimum cost of exchange. There are two different main types of brokers in terms of bid-ask spread. Some offer fixed spread and others offer variable spread for exchange of currency pairs.
There has been uncertainty among traders whether fixed spread or variable spread brokers offer the lower bid-ask spread and as a result the lower cost of transaction. This study makes an empirical analysis of spread for these two types of brokers. Liquidity features of currency pairs have a significant role in exchange of currency; hence this feature is measured and investigated.
The findings based on this research shows that variable spread brokers tend to have a lower spread and as a result the traders profit is higher compared to trading with fixed spread. Furthermore, under this study, the currency pairs with the USD has been identified most liquid.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2012. Supervisor: Assoc. Prof. Dr. Cahit Adaoğlu.Eastern Mediterranean University (EMU)2012-11-30T08:53:28Z2012-11-30T08:53:28Z2012ThesisHashemifar, Ali. (2012). An Empirical Analysis of Spread for Two Types of FX Brokers. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/81en
oai:i-rep.emu.edu.tr:11129/922016-03-05T20:43:45Zhdl_11129_2203Applying Public Private Partnership on Water Projects:Espirito Santo, BrazilErfani, MohammadaliBanking and FinancePublic-private sector cooperationInvestment Appraisal - Public Provate Partnership - Water Supply - Sewerage CollectionIn Brazil, the State of Espirito Santo decided to develop the water supply and sanitation in the area due to lack of clean potable water, the shortage of sufficient drainage system, and quick destruction of the environment from dumping of waste.
The aim of this thesis is to express the survey result to assess the feasibility of a present project to mitigate some shortfalls of drinking water and wastewater services in the area. There are some suggestions for better investment and operating cost strategies by use of incorporated evaluation of the fiscal, distributive, economical as well as the risk, which distributes within the project. The thesis outcomes show that the plan is projecting to generate substantial economic benefits to the society by reducing the pollution although in its present state, it is not probable to be fiscally viable. In addition, the key in improvement of the financial sustainability and perhaps the profitability of the system is directly related to enhancements in operating and management performs, which concentrate on the subjects of water discharge, billing and groups. A major challenge in the survey has been the valuation of intangible profits to the environment and their involvement in the project’s evaluation of discounted net economic gains. With no assessment of these services, the general "economic value" of present project will be acutely underestimated.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2011. Supervisor: Prof. Dr. Glenn Jenkins.Eastern Mediterranean University (EMU)2012-11-30T13:06:22Z2012-11-30T13:06:22Z2011ThesisErfani, Mohammadali. (2011). Applying Public Private Partnership on Water Projects: Espirito Santo, Brazil. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/92en
oai:i-rep.emu.edu.tr:11129/962016-03-07T08:24:59Zhdl_11129_2203Axis Shift in Turkish foreign policy during AKP administration: New fundamental foreign policy: Principles and challengesKara, MehtapInternational RelationsAk Parti (Turkey) - Justice and Development Party (Turkey) - PoliticsTurkey - Politics and GovernmentTurkey - Foreign RelationsTurkish Foreigm Policy - Strategic Depth - Axis ShiftTurkish foreign policy has evolved since 1923. The Second World War, the Cold War and the post-Cold War period externally and separatist and Islamist movements, military interventions and economic instabilities domestically designate Turkish foreign policy until new millennium. Since 2002, with arrival of the AKP, foreign policy decisions had a rapid transformation through new set of foreign policy principles. Ahmet Davutoğlu perceived as most influential person on this new foreign policy line, he believes that Turkey has strategic depth and he puts his foreign policy objectives in practice especially when he became a Foreign Minister of Turkey in 2009. The purpose of this study is to evaluate Turkish foreign policy of current AKP administration and past administrations and analyze that if there is an ―axis shift‖ in Turkish foreign policy. In addition, this research work is based on the analysis of AKP administration‘s new fundamental foreign policy principles. While analyzing Turkey‘s new role in world affairs and its relations with other actors, challenges need to be taken into consideration because outcome of external and domestic problems affects foreign policy decision making process. So this study also analyzes current external and internal challenges against AKP‘s set forth principles.Master of Arts in International Relations. Thesis (M.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of International Relations, 2011. Supervisor: Assoc. Prof. Dr. Ahmet Sözen.Eastern Mediterranean University (EMU)2012-11-30T13:42:09Z2012-11-30T13:42:09Z2011ThesisKara, Mehtap. (2011). Axis Shift in Turkish foreign policy during AKP administration: New fundamental foreign policy: Principles and challenges. Thesis (M.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of International Relations, Famagusta: North Cyprus.http://hdl.handle.net/11129/96en
oai:i-rep.emu.edu.tr:11129/972016-03-05T20:43:58Zhdl_11129_2203Bank-specific and Macroeconomic Determinants of Bank Profitability: Case of TurkeyMoussa, Moussa MoukhtarBanking and FinanceBanks and Banking - TurkeyProfitability - Bank Management - CyclicalityThe aim of this study is to analyze the impact of bank-specific and macroeconomic determinants of bank profitability for 25 commercial banks in Turkey for the period of 2001-2010. We categorize those banks into three (3) groups as follow: Public, Private and Foreign Banks. A panel regression is used to carry empirical investigation based on the unique feature of the 3 categories mentioned above; then a general model is formulated to check the combined effect of bank-specific and macro-economic variables on commercial bank profitability in Turkey. It is important to consider the 3 categories of banks separately to identify peculiar hypothesis for each model and compare the bank profitability factored on different ownership structure. In addition, this study examines the impact of the sub-prime mortgage crisis of 2008 and also includes the consequences of 2001 national crisis in Turkey and sees the impacts of it as well on those selected commercial banks. Some similar study such of Alper and Anbar (2011) has been done but in our case, we try to evaluate the bank-specific and macroeconomic determinants in different groups and also emphasizing their performance during the crisis.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2012. Supervisor: Assoc. Prof. Dr. Nesrin Özataç.Eastern Mediterranean University (EMU)2012-12-01T06:39:28Z2012-12-01T06:39:28Z2012ThesisMoussa, Moussa Moukhtar. (2012). Bank-specific and Macroeconomic Determinants of Bank Profitability: Case of Turkey. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/97en
oai:i-rep.emu.edu.tr:11129/1002016-03-05T20:44:01Zhdl_11129_2203Capital Account Liberalization: The Case of AlbaniaHafizi, InidiBanking and FinanceCapital movements - AlbaniaMonetary policy - AlbaniaFinancial institutions - AlbaniaBanks and banking - AlbaniaCapital Account Liberalization - Foreign Direct Investment - Portfolio Investment - Balance of Payments - AlbaniaFree movement of capital is seen as an attempt towards economic growth, attraction of foreign investments, diversification of portfolio allocation, development of financial markets and also integrating the country with the rest of the world such as European Union (EU), World Trade Organization (WTO), etc. In the late 80’s, most of developing countries started liberalizing the restrictions imposed on capital flows. This strategy brought significant prospect in these countries and at the same time became the trigger of a financial and currency crisis in most of these countries. As such, the construction of a proper policy regarding Capital Account Liberalization (CAL) is a necessity to protect liberalized countries from possible crises. This study makes an assessment on the CAL process of Albania with regard to the possible benefits and risks that the country may face. It also aims to construct a specific policy framework for Albania in order to prevent risks associated with capital liberalization. The assessment and the development of the policy framework are done by benefiting from the other countries’ experiences. The countries considered in this study are: Chile, Czech Republic, Hungary, Korea and Singapore. This research suggests that in order to be benefiting from liberalization, in addition to the legal arrangements, countries need to consider some key policies which may be defined as prerequisites. These policies deal with: Economic Stability; Financial Sector; Accounting and Auditing, Practices and Information System; Exchange Rate Regime; Fiscal Policy; Competition Policy; Corruption and Illegal Businesses; Informal Economy. Moreover, the study also finds that the success in CAL is very much depended on the application sequence of these determined policies.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2010. Supervisor: Assoc. Prof. Dr. Mustafa Besim.Eastern Mediterranean University (EMU)2012-12-01T06:56:53Z2012-12-01T06:56:53Z2010ThesisHafizi, Inidi. (2010). Capital Account Liberalization: The Case of Albania. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/100en
oai:i-rep.emu.edu.tr:11129/1012016-03-05T20:44:09Zhdl_11129_2203Capital Structure in Iran: Case of Chemicals and Petrochemicals Products, Rubber and Plastic Products, Refined Petroleum and Nuclear Fuel SectorsBoorang, GhazalehBanking and FinanceCapital Structure - Capital Market - Internal financing - External Financing - EquityThe purpose of this study is to identify and examine the financial sources for Iranian corporations and the capital structure in Iran particularly for Chemicals and Petrochemicals products, Rubber and Plastic products, Refined Petroleum and Nuclear Fuel sectors. The second aim is to find out the strength and weaknesses of managerial policies in Iran and the problems involved in the capital market of Iran. Finally, the comparison between the capital structure in Iran and Turkey is examined in this study. Both quantitative and qualitative methods were applied in this thesis and it was aimed to find the methods of financing in Iran from the financial statements of chosen companies listed in Tehran stock Exchange. This survey focused on the time period from 2004 to 2008.
The results of this study showed that Iranian corporations use more debt in their financial strategies, even though they do not issue bonds. It was found that Tehran Stock Exchange is not an efficient market for companies to raise capital due to the unavailability of proper regulations and broad government ownership. The results indicated that selected companies in Iran rely more than 80% on short-term financing. The revealed results are consistent for Turkish companies as well.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2010. Supervisor: Assoc. Prof. Dr. Cahit Adaoğlu.Eastern Mediterranean University (EMU)2012-12-01T07:00:34Z2012-12-01T07:00:34Z2010ThesisBoorang, Ghazaleh. (2010). Capital Structure in Iran: Case of Chemicals and Petrochemicals Products, Rubber and Plastic Products, Refined Petroleum and Nuclear Fuel Sectors. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/101en
oai:i-rep.emu.edu.tr:11129/1072016-03-05T21:16:15Zhdl_11129_2203Comparative Analysis between Islamic Banking and Conventional Banking Firms in terms of Profitability, 2006-2009Faizulayev, AlimshanBanking and FinanceIslamic Banking - Conventional Banking - AnalysisThis paper work is going to perform comparative analysis of Islamic Banking and Conventional Banking firms. This study will also touch the differences of the Islamic Banks and Conventional Banks in terms of historical origin, mobilizing of financial resources, and ways of generating profit, operating principles, and equity structure. The main focus of this comparative study is to evaluate and measure the difference in financial performance of the two dissimilar banking firms operating in different countries. To evaluate empirically performance of the banks, different financial ratios are going to be employed which are based on CAMEL framework. We plan to measure performance in terms of capital adequacy, asset quality, management, earnings and liquidity. For this purpose, we will refer to the banking literature to find most commonly used ratios. In this work, t-test, f-test, and regression analysis will be used to make hypothesis test and determine the ratio significance. Consequently, results from empirical analysis indicate that there is difference in profitability determinants.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2011. Supervisor: Assist Prof. Dr. Eralp Bektaş.Eastern Mediterranean University (EMU)2012-12-01T11:26:14Z2012-12-01T11:26:14Z2011ThesisFaizulayev, Alimshan. (2011). Comparative Analysis between Islamic Banking and Conventional Banking Firms in terms of Profitability, 2006-2009. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/107en
oai:i-rep.emu.edu.tr:11129/1092016-03-07T08:26:59Zhdl_11129_2203Conflict Resolution in Africa: Analysis from Global and Regional PerspectivesSuleiman, Oghogho HauwaInternational RelationsInternational Security - ConflictsResolution - Conflict Prevention - Conflict ManagementInternational Security is of great significance to States at regional and global levels.
As such the need to address challenges to international Security becomes paramount for States, non-State actors and several organizations at different levels. When challenge to security is evaluated, the major issue at stake is the consequences of conflict(s) to peace and security. Africa is a region that contributes to insecurities at different levels of organizational framework; this is due to the fact that African conflicts are quite ill in nature, and they undermine certain human right values that require peace and security to be maintained. This craves the need for both global and regional organizations to ensure the conflict decadence in the African region do not spill out of control to affect other areas of the international system. With the above in mind, this work seeks to evaluate how African conflicts resolution can be attained. And how African conflict resolution has being pursued by several organizations such as; the United Nations, the European Union, the African Union and African sub-regional organizations.Master of Arts in International Relations. Thesis (M.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of International Relations, 2010. Supervisor: Assoc. Prof. Dr. Wojcieh Forysinski.Eastern Mediterranean University (EMU)2012-12-01T11:38:56Z2012-12-01T11:38:56Z2010ThesisSuleiman, Oghogho Hauwa. (2010). Conflict Resolution in Africa: Analysis from Global and Regional Perspectives. Thesis (M.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of International Relations, Famagusta: North Cyprus.http://hdl.handle.net/11129/109en
oai:i-rep.emu.edu.tr:11129/1212016-03-07T08:25:04Zhdl_11129_2203Economic Policies and Development;The Millennium Development Goal Experience in NigeriaSiyanbola, Temitope PaulInternational RelationsUN Millennium Project - NigeriaInternational relief - NigeriaNigeria - Economic Conditions and DevelopmentDevelopment--Policies - Milennium Development Goals (MDGs)This thesis views the impact of Millennium Development Goals in the development of Nigeria. MDGs are a set of eight goals adopted by the countries of the world with the aim of developing all nations most especially in putting the human face of development into spotlight. MDGs is been assessed in Nigeria, viewing the strategies put in place to reach these goals with the successes and hindrances to the attainment of the goals been analyzed. Although the country is said to be the giant of Africa, but in terms of development and level of advancement, the country can be described as a crippled giant. Since Independence, Nigeria has adopted quite a number of policies, both internally and externally, to improve and put the state on the paths of development, but it is sad to say that with all indicators and indications, the policies have not been able to move the country forward.
With an international policy like MDGs, significant changes have been recorded all over the world, although some regions having the prospects of been able to meet the eight millennium goals by 2015, others like the developing and underdeveloped regions still have a long way to go in reaching the targets. In short, the 2015 aim is unrealizable for them. Many of the policies adopted by the country Nigeria, the internal policies have not been able to move the country to a desirable level of development, but with the international policy or external policy of the MDGs, significant changes have been recorded as shown in this work which makes me come to a conclusion, that exogenous factors are the basic determinants of Nigeria’s development so far.Master of Arts in International Relations. Thesis (M.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of International Relations, 2010. Supervisor: Assoc. Prof. Dr. Erol Kaymak.Eastern Mediterranean University (EMU)2012-12-03T07:40:03Z2012-12-03T07:40:03Z2010ThesisSiyanbola, Temitope Paul. (2010). Economic Policies and Development;The Millennium Development Goal Experience in Nigeria. Thesis (M.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of International Relations, Famagusta: North Cyprus.http://hdl.handle.net/11129/121en
oai:i-rep.emu.edu.tr:11129/1222016-03-07T06:48:25Zhdl_11129_2203Effect of Exchange Rate Changes on Export Performance in TurkeyGenç, FahriyeEconomicsStock exchanges - TurkeyStock market - TurkeyCapital Market - TurkeyExchange Rates - Effects on - Export - EconomyIn this study we examined the relationship between exchange rate changes and export
performance in Turkey. The study uses time series data from mid 1980s, the years
Turkey started to use flexible exchange rate and export-based growth, and ends at 2009,
the year Turkish export reach a significant place in the world’s exports.
In empirical analysis, the study uses bound testing and autoregressive distributed lag
(ARDL) approach to model the dynamic relationship between the exports and its
determinants. The short-run and long-run causality among the variables in the model is
determined based on the estimated ARDL models. The empirical results show that the
real effective exchange rate coefficient is insignificant. Therefore depreciation of real
exchange rate in Turkey does not cause a substantial increase in export volume in longrun.
We find that the recent export boom in Turkey is determined by wages, productivity
and world demand, rather than exchange rate changesMaster of Science in Economics. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Economics, 2009. Supervisor: Assoc. Prof. Dr. Mehmet Balcılar.Eastern Mediterranean University (EMU)2012-12-03T08:31:12Z2012-12-03T08:31:12Z2009ThesisGenc, Fahriye. (2009). Effect of Exchange Rate Changes on Export Performance in Turkey. Thesis (M.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Economics, Famagusta: North Cyprus.http://hdl.handle.net/11129/122en
oai:i-rep.emu.edu.tr:11129/1232016-03-06T11:01:00Zhdl_11129_2203Effect of Service Personal Values on Evaluation of Higher Education ServiceKhademalomoum, SoroushBusiness AdministrationMarketing ManagementThis study contributes to the understanding of consumer behavior in the context of higher education service sector. Within an immense transition, this sector is becoming one of the fastest growing industries in the global market. Institutions, more than ever, are soliciting strategies to be able to compete in the global market. Lately the concept of service personal values (SERPVAL) has been appeared as an instrument in many studies. This study advances the understanding of unconscious use of service personal values in evaluation of the higher education service alternatives. It also examines the role of service personal values on satisfaction and evaluation of service quality.
A survey was administered to measure student personal values, service quality, and satisfaction in North Cyprus, Eastern Mediterranean University. Data were analyzed using confirmatory factor analysis, exploratory factor analysis, and path analysis.
The analysis investigated effect of service personal values on satisfaction and evaluation of service quality. The results revealed both significant and positive correlation between the SERPVAL and satisfaction and service quality.Master of Arts in Marketing Management. Thesis (M.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Business Administration, 2012. Supervisor: Assoc. Prof. Dr. Seldjan Timur.Eastern Mediterranean University (EMU)2012-12-03T08:57:00Z2012-12-03T08:57:00Z2012ThesisKhademalomoum, Soroush. (2012). Effect of Service Personal Values on Evaluation of Higher Education Service. Thesis (M.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Business Administration, Famagusta: North Cyprus.http://hdl.handle.net/11129/123en
oai:i-rep.emu.edu.tr:11129/1322016-03-07T06:48:30Zhdl_11129_2203Evaluating Turkish Airports Efficiencies Using Data Envelopment AnalysisGök, UğurEconomicsTurkish Airports - EvaluationAirports - Turkey - Transport Economics Policy and PlanningData Envelopment Analysis - Decision Making Units - Efficiency - AirportsAfter the second half of the 20th century, airline transportation increased very rapidly and constituted today’s the most important transportation sector. In addition, increasing globalization all over the world raised the consumer demand for transportation services. Therefore, consumer demand for airline transportation has increased over the few decades. Accordingly, airports which are the infrastructure of the aviation sector became crucially important for maintaining such growing demand. In this context, efficiency of Turkish airports becomes more important with the increasing demand and air transaction movements. In this thesis Turkish airports’ efficiency will be evaluated through the Data Envelopment Analysis. The policy which is developed at the end of this thesis is that, government function on the airport management should be revised or airport managements should be transferred from the state administration to private sector through privatization. Thus, appropriate ground will be ensured for the more efficient Turkish aviation infrastructure.Master of Science in Economics. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Economics, 2012. Supervisor: Assoc. Prof. Dr. Sevin Uğural.Eastern Mediterranean University (EMU)2012-12-03T11:33:30Z2012-12-03T11:33:30Z2012ThesisGok, Ugur. (2012). Evaluating Turkish Airports Efficiencies Using Data Envelopment Analysis. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Economics, Famagusta: North Cyprus.http://hdl.handle.net/11129/132en
oai:i-rep.emu.edu.tr:11129/1332016-03-06T11:04:10Zhdl_11129_2203Evaluating Young Customers' Perception of Service Quality Offered By Travel Agencies in North Cyprus Using Their Zone of ToleranceEmmanuel, Simeon OgheneroBusiness AdministrationTravel Agencies - Quality Control - Consumer Satisfaction - Evaluation - Cyprus, NorthService Quality - Satisfaction - Zones of Tolerance - Customer SatisfactionGlobal trends have shown the service sector being the focus of attention and importance lately. The industry has now assumed importance over the past decade and this can be attributed to the fact that almost all customer purchases and dealings are mostly conducted in service (intangible) forms. In North Cyprus, the importance of the service sector cannot be overemphasized. Overtime the region has gradually evolved into a tourist destination attracting a large number of tourists through the services of travel agencies and tour operators. This study is borne out of the need to ascertain and measure the quality of services offered by travel agencies by examining the perceptions of young customers using their zones of tolerance. More literally, it sets to find out what customers expect and perceive of the services being offered by travel agencies in the region. The study begins with the first chapter highlighting the aim, methodology, scope and limitations of the study. Chapter two draws related literature from the previous work of several authors and scholars to present a comprehensive meaning of the topic of discussion. The third chapter explains the SERVQUAL methodology employed, collects statistical data and presents the findings of conducted analyses. The final chapter draws conclusion, managerial suggestions and recommendations for further research. Results from several analyses show that customers perceive the service quality of travel agencies to be low and are not entirely satisfied with what they receive. Service quality and customer satisfaction were also found to have strong linear effects on word of mouth recommendation and purchase intentions. The zone of tolerance show that customers benefit from adequate service as their adequate expectations are met but they are not duly supplied with superior services to match their desired expectations. This has several implications for managers of travel agencies.Master of Business Administration in Business Administration. Thesis (M.B.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Business Administration, 2009. Supervisor: Assoc. Prof. Dr. Halil Nadiri.Eastern Mediterranean University (EMU)2012-12-03T11:40:34Z2012-12-03T11:40:34Z2009ThesisEmmanuel, Simeon Oghenero. (2009). Evaluating Young Customers' Perception of Service Quality Offered By Travel Agencies in North Cyprus Using Their Zone of Tolerance. Thesis (M.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Business Administration, Famagusta: North Cyprus.http://hdl.handle.net/11129/133en
oai:i-rep.emu.edu.tr:11129/1342016-03-07T06:48:32Zhdl_11129_2203Evaluation of The Legacy of The Pension Systems in Northern Cyprus And The Assessment of Current And Prospective ReformsAltıok, Hasan UlaşEconomicsPensions - Pension Systems - Retirement income - Pension Reforms - Cyprus, NorthImplicit Pension Dept - Pension Liabilities - Civil Service - Social Insurance - Social SecurityPension systems, through pension policies, always need to be designed in order to balance the adequacy of benefits with their affordability considering the possible changes in demographics and the economic and financial circumstances. This thesis analyzes the effectiveness of such policies implemented in North Cyprus. It estimates the fiscal burden of the Pay-As-You-Go (PAYGO) Civil Service Pension and Social Insurance Pension Systems that were closed in 2008 to new members. Furthermore, in the thesis an analysis is made of the sustainability of the 2008 reforms that introduced the new Social Security Pension System with higher contribution rate and retirement age and with lower replacement rates for the newly hired government employees and new private sector workers. The existing members of the old pension systems were grandfathered in terms of the benefits and contributions formulae. To calculate the overall deficit, estimates are made from the difference between the present values of future contributions and the pension benefits. In this thesis, the annual budgetary impacts of the unfunded pension benefits are also calculated for historical pension systems that are now closed to new entrants. The estimated unfunded cost of the historical pension systems is significant enough to make any marginal policy measure ineffective in eliminating the excessive fiscal burden on the current and future taxpayers for the next three decades. It is found that either a more radical reform that affects the existing pensioners and contributors to these overly generous pension systems or a partial or complete transition to a defined-contributions system is required. On the other hand, the estimates also reveal that although the newly implemented Social Security Pension System is more promising; provided the size of the labor force expands at a modest rate, in its present form it does not provide a solution to the fiscal problems created by the historical pension systems nor it is sustainable itself.Doctor of Philosophy in Economics. Thesis (Ph.D.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Economics, 2011. Supervisor: Prof. Dr. Glenn P. Jenkins.Eastern Mediterranean University (EMU)2012-12-03T11:48:50Z2012-12-03T11:48:50Z2011ThesisAltiok, Hasan Ulas. (2011). Evaluation of The Legacy of The Pension Systems in Northern Cyprus And The Assessment of Current And Prospective Reforms. Thesis (Ph.D.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Economics, Famagusta: North Cyprus.http://hdl.handle.net/11129/134en
oai:i-rep.emu.edu.tr:11129/1382016-03-05T21:22:16Zhdl_11129_2203Financial Appraisal on a Hydropower Plant. A Case Study in AlbaniaXhafa, BlertaBanking and FinanceHydropower Plant - Economic Aspects - AlbaniaHydraulic engineeringHydropower Plant - Financial Sustainability - RiskAlbanian rapidly growing economy requires additional electricity to ensure the well functioning of many industrial operations. The current energy situation in Albania is high demand for electricity and low domestic supply. The limited supply is due to the scarce funds for utilizable natural resources such as oil and gas and undiversified supply sector. Due to the favorable environmental factors as well as the low cost factor, renewable energy has been a target of the Albanian government. Hydropower has been the major source of energy generation for Albania. A financial analysis was conducted in an 8 hydropower plant scheme project in Albania to look at the financial sustainability of the project. The analysis confirmed the viability of the project but pointed out some difficulties in the ability of servicing the debt. The risk rose from the variability of the interest rate, electricity tariff and degree of utilization and pointed out some important issues and gave an enormous help in spotting the possible problems that the project may face which in turn, have an adverse impact on the financial feasibility. Various measures must be taken to reduce the exposure to these risks and to help future projects into a better and more improved project design.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2009. Supervisor: Assist. Prof. Dr. Mustafa Besim.Eastern Mediterranean University (EMU)2012-12-03T12:47:28Z2012-12-03T12:47:28Z2009ThesisXhafa, Blerta. (2009). Financial Appraisal on a Hydropower Plant. A Case Study in Albania. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/138en
oai:i-rep.emu.edu.tr:11129/1392016-03-07T06:15:59Zhdl_11129_2203Financial Crisis in the US Economy: Evidence from a Probit Model for Time Period 2001-2009Mazar, Seyed ShahramBusiness AdministrationThe USA Economy - Financial Crisis - Contagion - Probit ModelFinancial crises - United StatesUnited States - Economic ConditionsThis Thesis empirically investigates the probability of determinants of currency crises in the USA economy for the year 2008. In particular, it focuses on the case of the USA economy taking into account both domestic fundamental and external shock (contagion effect) by conducting both ordinary least square (OLS) technique and Probit model. The evidence found in this study shows that the USA currency crisis was contagious from the countries such as England and Qatar. It also indicate that deteriorating trade balance, increase of banks‟ claims on private and domestic sector, deficit current account balance, misalignment of real exchange rate, and high market pressure index increase speculative attack on the currency in the case of the USA case. Based on our findings, it could suggest that a financial crisis in a country not only depends on a country‟s economic structure and its policy but also region as well as global effect apart from the cultural and political effects.Master of Business Administration in Business Administration. Thesis (M.B.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Business Administration, 2011. Supervisor: Assoc. Prof. Dr. Sami Fethi.Eastern Mediterranean University (EMU)2012-12-03T12:53:04Z2012-12-03T12:53:04Z2011ThesisMazar, Seyed Shahram. (2011). Financial Crisis in the US Economy: Evidence from a Probit Model for Time Period 2001-2009. Thesis (M.B.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Business Administration, Famagusta: North Cyprus.http://hdl.handle.net/11129/139en
oai:i-rep.emu.edu.tr:11129/1402016-03-05T21:22:22Zhdl_11129_2203Financial Development, International Trade and Economic Growth: The Case of TurkeySavrun, BurakBanking and FinanceEconomic Development - Economic Growth - TurkeyFinancial Sector Development - International Trade - Real IncomeThe present study investigates long run equilibrium relationship and cointegration between real income, financial development, and international trade in Turkey. Since trade volume and imports of goods and services are stationary at their levels, these two variables are excluded from further analyses according to the requirements of the Johansen methodology; therefore, international trade is proxied by exports of goods and services in the present study. Johansen cointegration test results suggest a long run relationship between real income and its regressors, namely financial development and international trade. Real income in Turkey converge to its long term equilibrium level significantly at various levels by the contribution of financial sector and international trade, which depends on the selection of financial sector proxy. Finally, Granger causality tests suggest that a change in financial sector preceedes a change in real income, which supports the validity of supply leading hypothesis in Turkey. On the other hand, bidirectional causality (feedback relationship) has been investigated between real income and international trade in Turkey.Master of Science in Banking and Finance.Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2011. Supervisor: Assoc. Prof. Dr. Salih Katırcıoğlu.Eastern Mediterranean University (EMU)2012-12-03T13:01:02Z2012-12-03T13:01:02Z2011ThesisSavrun, Burak. (2011). Financial Development, International Trade and Economic Growth: The Case of Turkey. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/140en
oai:i-rep.emu.edu.tr:11129/1422016-03-06T10:20:54Zhdl_11129_2203Foreign Direct Investment, Domestic Savings and Economic Growth: The Case of TurkeyTaşpınar, NigarBanking and FinanceInvestments, Foreign - Economic Growth - TurkeySaving and investments - TurkeyForeign Direct Investment - Domestic Savings - Real IncomeThe present study investigates long run equilibrium relationship between real income growth, foreign direct investment, and domestic savings in Turkey, which is a developing economy. Johansen cointegration tests confirm that foreign direct investments and domestic savings in Turkey are in long run relationship with real income growth. Foreign direct investment has positive, significant, and inelastic impact on real income (0.318) whereas the long run coefficient of domestic savings are not statistically significant. Error correction model reveals that real income of Turkey converges to its long term equilibrium level reasonably low at 6.59% by the
contribution of foreign direct investment and domestic savings; but, it is important to note that this coefficient is statistically significant. Finally, Granger causality tests reveal that foreign direct investments in Turkey are output and savings driven. When income and savings in Turkey increases, this will attract more foreign direct investments. Furthermore, this study has again proved that savings are income driven in Turkey.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2011. Supervisor: Assoc. Prof. Dr. Salih Katırcıoğlu.Eastern Mediterranean University (EMU)2012-12-03T13:15:18Z2012-12-03T13:15:18Z2011ThesisTaspinar, Nigar. (2011). Foreign Direct Investment, Domestic Savings and Economic Growth: The Case of Turkey. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/142en
oai:i-rep.emu.edu.tr:11129/1522016-03-07T06:14:42Zhdl_11129_2203Impact of Financial Repression on FDI in IranMajdi, SamanBusiness AdministrationIran - Economic Conditions and DevelopmentEconomic Growth - Foreign Direct Investment (FDI) - Iranian EconomyInvestments, ForeignCointegration - Financial RepressionThis thesis has investigated the impact of financial repression on FDI in Iran from 1965 to 2005 through Johansen Cointegration tests. The thesis has empirically investigated the determinants of FDI in Iran while testing for the impact of financial repression on FDI in the country. Overall, the findings obtained in this thesis for the conventional determinants of FDI are mostly in line with the existing theories in the literature. The results suggested that that capital, market size, trade openness, and Research and Development (Technology) have a positive statistically significant impact on FDI. On the other hand, inflation and financial repression are significant with a negative coefficient which means that these two variables have a negative impact on FDI. An interesting result of the thesis is that human capital and labor are not significant in the cointegration models. This has shown that the status of the human resources in Iran is not instrumental in attracting direct investment from overseas, which can be attributed to low productivity of the labor in Iran.Master of Business Administration. Thesis (M.B.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Business Administration, 2011. Supervisor: Assist. Prof. Dr. Mete Feridun.Eastern Mediterranean University (EMU)2012-12-04T11:29:40Z2012-12-04T11:29:40Z2011ThesisMajdi, Saman. (2011). Impact of Financial Repression on FDI in Iran. Thesis (M.B.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Business Administration, Famagusta: North Cyprus.http://hdl.handle.net/11129/152en
oai:i-rep.emu.edu.tr:11129/1632016-03-06T10:26:49Zhdl_11129_2203Interactions between Business Conditions andFinancial Performance of Tourism Industry in TurkeyÖzkan, CeydaBanking and FinanceTourism Industyr - TurkeyFinancial Performance - Business Conditions - Tourism Industry - Causality AnalysisABSTRACT: This thesis searches the empirical association between financial performance and
business conditions in the tourism industry of Turkey, which has shown tremendous development in international tourism apart from 1980s. Business conditions are proxied by industrial value added and real income, while financial performance is proxied by value weighted stock price index of large tourism firms who trade in Istanbul Stock Exchange. Using a quarterly data from 1991:Q1 to 2011:Q2, results confirm the long term equilibrium relationship between financial performance of tourism firms and business conditions in Turkey. Stock prices converge to its long term equilibirum level by 20.45 percent at the end of every quarter by the
contribution of business conditions. Finally, results of the present study suggest undirectional long term causality that runs from business conditions to financial performance of tourism firms in Turkey, which means that any change in business conditions preceedes a change in financial performance in the tourism industry of Turkey.
Keywords: Financial Performance; Business Conditions; Tourism Industry;
Causality Analysis; Turkey.
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ÖZ: Bu çalısma Türkiye’de faaliyet göstermekte olan büyük turizm firmalarının finansal
performansları ile is çevreleri arasındaki ampirik iliskiyi hedeflemektedir. Türkiye 1980’li yıllardan itibaren uluslararası turizm alanında çok büyük ilerlemeler kaydetmistir. _s çevreleri faaliyetleri sanayi üretimi tarafından yaratılan katma deger ve reel gelir ile ölçülürken, turizm firmalarının finansal performansları, fiyat agırlıklı ortalama yöntemi ile hisse senedi fiyat endeksi ile ölçülmüstür. 1991:Q1 ve 2011:Q2 arası veriler kullanılarak, bu çalısma, Türkiye’deki turizm sektörü’ndeki finansal performans ile is çevreleri arasında uzun dönemli bir denge iliskisi oldugunu ortaya koymustur. Hisse senedi fiyat endeksi uzun dönem denge degerlerine 20.45% ile yaklasmaktadır. Son olarak, is çevrelerinde yaratılan faaliyetten turizm firmalarının finansal performanslarına dogru tek yönlü bir nedensellik tespit edilmistir; yani, is çevrelerinin yaratmıs oldugu gelir (üretim) düzeyindeki bir degisiklik, Türkiye’de faaliyet göstermekte olan turizm firmalarının finansal performanslarında bir degisiklige sebebiyet verecektir.
Anahtar Kelimeler: Finansal Performans; _s Çevreleri; Turizm Sanayii; Nedensellik
Analizi; Türkiye.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2012. Supervisor: Assoc. Prof. Dr. Salih Katırcıoğlu.Eastern Mediterranean University (EMU)2012-12-05T11:11:20Z2012-12-05T11:11:20Z2012ThesisOzkan, Ceyda. (2012). Interactions between Business Conditions andFinancial Performance of Tourism Industry in Turkey. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/163en
oai:i-rep.emu.edu.tr:11129/1642016-03-06T10:29:19Zhdl_11129_2203Internet Banking in Terms of Profitability: The Case of Northern Cyprus BanksNwobodo, Jude ChimezieBanking and FinanceBanks and Banking - Cyprus, NorthFinancial services industry - Computer networks - Internet BankingProfitability - Internet Banking and North CyprusABSTRACT: In Northern Cyprus, many if not all different bank services are being provided for their customers. Banking activities on the small Island in rather perfect and it is very flexible in satisfying and meeting the persistent wants of the general public. Currently, North Cyprus banks have gone ahead of traditional ways of banking. Newer products and services are being developed through electronic ways or electronic platforms (online banking), by using different delivery channels to reach the end users. The principle aim of this study is to analyze the empirical test of whether banks offering Internet banking are profitable, and to help fill essential space in knowledge concerning profitability, cost efficiency and other characteristics based on Banks perspectives for adopting internet banking system A panel data from 22 retail banks operating in Turkish Republic of Northern Cyprus (KKTC), comprising of 1 Public Bank, 14 Private Banks and 7 Foreign Branch Banks. These banks have adopted Internet banking some time between 1997 and 2010. Our dataset is drawn from the year-end aggregate income statements and balance sheets compiled by the Central Bank of Northern Cyprus. It covers a period of six years ranging from 2004 to 2009.
Keywords: Profitability, internet banking and North Cyprus
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ÖZ: Kuzey Kıbrıs Türk Cumhuriyetinde birçok banka çok çeşitli bankacılık hizmeti vermektedir. Bu hizmetler, küçük bir ada ülkesi olan KKTC’de yaşayan banka müşterilerinin beklentilerini oldukça tatmin etmektedir. Son zamanlarda KKTC bankacılık hizmetleri geneleksel bankacılık uygulamalarını dışına çıkmaya başlamış, yeni ürünler özellikle elektronik altyapı ile müşterilere ulaştırılmaya çalışılmaktadır. Bu çalışma, KKTC e-bankacılık uygulamalarının banka karlılıkları üzerinde etki yaratıp yaratmadığını görmek amacını içermektedir. Internet bankacılığı uygulayan bankalarla uygulamayanlar, karlılık açısından mevcut olan farklılıkları ortaya çıkarmaya çalışılmaktadır. KKTC’de faaliyet gösteren 22 Ticari Banka incelenmeye alınmış ve panel data yöntemi ile 14 yerli banka, 7 şübe bankası ve 1 kamu bankası dikkate alınarak analiz yapılmıştır. Analiz 2003 ve 2009 yılları arasını içermekte ve internet bankacılığının banka karlılığı üzerinde positif bir etki oluştuğu kanısına varılmamıştır.
Anahtar Kelimeler: Karlılık, internet bankacılığı( e-bankacılık), Kuzey KıbrısMaster of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2011. Supervisor: Assist. Prof. Dr. Nesrin Özataç.Eastern Mediterranean University (EMU)2012-12-05T11:27:12Z2012-12-05T11:27:12Z2011ThesisChimezie, Nwobodo. (2011). Internet Banking in Terms of Profitability: The Case of Northern Cyprus Banks. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/164en
oai:i-rep.emu.edu.tr:11129/1652016-03-07T06:53:01Zhdl_11129_2203Investigating Dutch Disease: The Case of NigeriaOyesanmi, Taiwo AlphonsoEconomicsNigeria - Economic ConditionsDutch Disease--Impulse Response Function - Variance DecompositionCointegration - Nigeria - Maximum Eigen Value - HypothesisABSTRACT: This research study empirically investigates the presence of Dutch disease hypothesis in Nigeria when there is long run equilibrium, focusing on this concept of long run equilibrium between crude oil export and agricultural output covering the period 1970-2009 by using Johansen cointegration test, Vector Error Correction Model type of VAR, Impulse Response Function and Variance Decomposition while investigating this possible long run relationship then the study concentrated on two objectives. First main objective is to detect if there exist a negative relationship between crude oil export and agricultural output when crude oil export and the variables are normalized on agricultural output and the second aspect is to observe how innovations or shocks to the crude oil export explains the variations or changes in Agricultural output. In this study seven variables were used namely LAGR, LGDP, LXQcrudeoil, LREER, SRRATE, LRRATE, INFL to explain the Dutch Disease Hypothesis while transformation of variable to log help sort out the scaling problems with variables expressed in the above stated forms. The results are:
(1) Cointegration among the variables using (Trace and maximum Eigen values) Johansen tests found cointegration of order (1) which means the variables move together in the long run and when normalized on LAGR, LXQcrudeoil has the expected sign and significant in explaining the expected relationship. (2) After finding cointegration, we proceed to Vector Error Correction (VEC), when LAGR is normalized on other variables, LXQcrudeoil has the same expected negative sign and it is significant in explaining the relationship. (3) Using Impulse Response Function, innovation in LXQcrudeoil is significant in explaining the negative changes in LAGR as expected.
(4) Using Variance Decomposition, LXQcrudeoil explains about 20% variations in LAGR when shocks were applied. The findings show that, Dutch Disease hypothesis exist in Nigeria and cannot be ignored in Nigeria using these economic variables.
Keywords: Dutch disease, impulse response function, variance decomposition, cointegration, Nigeria, maximum eigen value, hypothesis.
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ÖZ: Bu araştırmada Nijerya‟da “Hollanda hastalığının” (Dutch Disease) mevcudiyetinin uzun dönem denge koşulları altında incelenmesi ampirik olarak yapılmaktadır. Ülkenin 1970-2009 dönemleri verileri kullanılarak ham petrol ihracatı ve tarımsal üretim arasındaki bir uzun dönem dengesinin varlığı ve bununla bağlantılı sınamalar Johansen Eştümleşme testi, Yöney Hata Düzeltme Modeli (VECM) ,Etki tepki İşlevi ve Değişirlik Ayrıştırması metodları kullanılarak araştırılmıştır. Çalışmada uzun dönem ilişkisi araştırılırken iki amaç gözetilmiştir. Birincisi ve çalışmanın ana teması değişkenlerin tarımsal üretime göre normalleştirildiğinde ham petrol ihracatı ile tarımsal üretim arasında ters yönde bir bağlantının sınanmasıdır. İkinci amaç ise ham petrol şoklarının veya yenileşimlerinin tarımsal üretimdeki değişmeleri nasıl etkilediğini araştırmaktır.Bu çalışmada LAGR, LGDP, LXCrudeOil, LREER, SRRATE, LRRATE,INFL başlıklı yedi adet değişken kullanılmıştır. Sırasıyla tarımsal üretim,Gayri safi yurt içi hasıla, ham petrol ihracatı, reel effektif döviz kuru, kısa ve uzun vadeli faiz oranları olarak belirlenen değişkenlerin ilk dördü veri ölçeklemesini sağlamak için logaritmik olarak ifade edilmişlerdir. 1) İz ve Özdeğer sınamaları sonucunda değişkenler arasında bir adet eştümleşme vektörü tesbit edilmiş olup, dolaysıyla bu değişkenlerin uzun dönemde birlikte hareket ettikleri gözlemlenmektedir. LAGR değişkenine göre normalleştirme yapıldığında ham petrol ihracatı (LXQcrudeoil) ile aralarında oluşan ilişkinin yönü beklendiği gibi çıkmıştır.2) Eştümleşme sınamasını müteakip Yöney Hata Düzeltme Modeli (VECM) tahmini yapılmıştır. Bu aşamada da LXQcrudeoil değişkeninin katsayısının beklenen negatif işarete sahip olduğu ve istatistiksel olarak anlamlı olduğu görülmüştür. 3) Etki tepki işlevi yöntemine göre LXQcrudeoil değişkeninde oluşan yenileşimin, beklenildiği gibi LAGR değişkeninde oluşan negatif değişimleri açıklamada anlamlı bulunduğu gözlemlenmiştir. 4) Değişirlik ayrıştırması uygulamasında LXQcrudeoil LAGR değişkenindeki değişimin yaklaşık %20‟sini açıklayabildiği tesbit edilmiştir. Bütün bu bulgular Nijerya‟da bir “Hollanda hastalığı” etkeninin varlığına işaret etmekte ve bu ekonomik değişkenler kullanıldığında sorununun gözardı edilemeyeceğini göstermektedir.
Anahtar Kelimeler:Hollanda Hastalığı, Etki Tepki İşlevi, Değişirlik Ayrıştırması, Eştümleşme Testi, Nijerya, Maksimum Özdeğer, Hipotez.Master of Science in Economics. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Economics, 2011. Supervisor: Assoc. Prof. Dr.Cem Payaslıoğlu.Eastern Mediterranean University (EMU)2012-12-05T11:37:41Z2012-12-05T11:37:41Z2011ThesisOyesanmi, Taiwo Alphonso. (2009). Investigating Dutch Disease: The Case of Nigeria. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Economics, Famagusta: North Cyprus.http://hdl.handle.net/11129/165en
oai:i-rep.emu.edu.tr:11129/1692016-03-06T10:26:54Zhdl_11129_2203Investment Appraisal of a Mobile Phone Company: Zoom Mobile NetworkYousefian, HosseinBanking and FinanceInvestments - Mobile Phone Company - ThailandFinancial Analysis - Mobile Network - RisksABSTRACT: With appearance of today’s technology the way of communication has also changed. In this regard, mobile telephones have become one of the most important services in recent years. Therefore, mobile network providers play an important role as a prerequisite in connection with the point previously mentioned. This study deals with the establishment of a mobile network in Hang Dong, a remote area located in the province of Chiang Mai, Thailand. It discusses why the service is applicable to Hang Dong in terms of its necessity and costs. Financial, sensitivity and risk analysis of the proposed project has been done. The financial analysis confirmed the project viability in aggregate as it yields a positive financial NPV but pointed out some difficulties in the ability of servicing the debt. The risks arose from the proportion of local telephone calls, decrease in project market share, domestic inflation rate, growth in real income, decrease in local and international telephone call tariffs and pointed out some important issues and gave an enormous help in spotting the possible problems that the project may face which in turn, have an adverse impact on the financial feasibility. Various measures must be taken to reduce the exposure to these risks and to help future projects into better and more improved project design.
Keywords: Financial Analysis, Mobile Network, Risks, Thailand.
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ÖZ: Günümüzde gelişen teknoloji sayesinde iletişim yolları da değişmektedir. Bu doğrultuda cep telefonları son yıllarda en önemli iletişim aracı haline geldi. Bu nedenle mobil şebeke sağlayıcıları bu konuda çok önemli rol oynamaktadırlar. Bu çalışma Tayland'ın bir ili olan Hang Dong'ta mobil şebeke sağlayıcısının kuruluşu ele almmakta ve bu servisin gerekliliği ve maliyet analizi yapılmıstr. Önerilen projeye finansal, duyarlılık ve risk analizileri de uygulanmıştır. Finansal analizler projenin toplamda yaşanabilirliği pozitif finansal NPV ile onaylamıştır fakat borçlarını karşılamakta bazı zorluklar görülmektedir. Projede görülen riskler yerli telefon görüşmeleri, projenin pazar payı, enflasyon oranı, reel gelir büyümesi, yerel telefon aramalarının fiyatlarında düşüş ve projenin yaşayabilirliğini engelleyebilecek başka önemli konular ele alınmıştır. Bu riskleri azaltmak için bazı önemli tedbirler alınmalıd ve ilerdeki projelerin gelişmiş proje tasarımlarıyla daha iyi durumda olmaları sağlanmalıdır.
Anahtar Kelimeler: Finansal Analiz, Mobil Şebekeleri, Riskler, Tayland.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2011. Supervisor: Prof. Dr. Glenn Jenkins.Eastern Mediterranean University (EMU)2012-12-05T13:20:32Z2012-12-05T13:20:32Z2011ThesisYousefian, Hossein. (2011). Investment Appraisal of a Mobile Phone Company: Zoom Mobile Network. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/169en
oai:i-rep.emu.edu.tr:11129/1792016-03-07T06:53:08Zhdl_11129_2203Migration issues: Turkey and the European UnionBeton, DemetEconomicsMigration - Turkey - European Union - Migration PolicyEmigration and immigrationAccession - European Union - Germany - Migration - TurkeyABSTRACT: The purpose of this study is to clarify issues surrounding migration from Turkey to the European Union (EU). After 1960s, Turkey was one of those developing countries sending temporary workers to the developed countries in Europe, mostly to Germany. There is a fear that if Turkey were given admission to the EU there will be a massive migration flow from Turkey to the other member countries of the EU, especially to Germany because of strong network effects already existing. Both empirical and theoretical research methodologies were utilised in this study. The empirical part of the study consists of two different applications. One is the application of a rationality approach to explain migrant’s decision based on exploitation of all known information affecting the future net present value of the earnings. Second is the application of a simple time series model developed by Hatton. The aim is to capture the effects of both short and long term variables on migration flows from Turkey to Germany. The theoretical part of the study develops a theoretical framework for the migration decision that takes into consideration the impact on uncertainty of some of the important economic and social variables that are addressed by the EU membership and institutions. It emphasizes future expectations of living conditions and the level of uncertainty associated with them as a key variable in making migration decisions. The recommendations which are developed in this thesis suggest that not the accession of Turkey to the EU but the rejection of Turkey’s EU membership will increase uncertainty for the future economic and social prospects in Turkey stimulating the current level of migration.
Keywords: Accession, European Union, Germany, Migration, Turkey.
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ÖZ: Bu çalışmamanın amacı Türkiye’den Avrupa Birliği’ne (AB) olan göçle ilgili bazı konuları incelemektir. Türkiye 1960’lardan sonra gelişmiş ülkelere, özellikle Almanya’ya, geçici işçi gönderen gelişmekte olan ülkelerden biri olumuştur. Bugün Türkiye’nin Avrupa Birliğine girmesi durumunda Türkiye’den diğer AB ülkelerine, özellikle güçlü sosyal ağların etkisinden dolayı Almanya, oluşabilecek önemli bir göç akışından korkulmaktadır. Bu çalışma göç olgusunu hem ampirik hem de teorik modeller çerçevesinde incelemektedir. Çalışmanın ampirik kısmı iki farklı uygulamadan oluşmaktadır. Birinci kısım göç edenelerin kararlarını açıklamak için Rasyonel Beklentiler Yaklaşımının uygulanmasını içermektedir. Rasyonel Beklentiler Yaklaşımına göre göç edenlerin kararlarını şekillendiren gelecekteki gelirlerinin net bugünkü değerlerini etkileyen mevcut tüm bilginin kullanılmasıdır. İkinci kısımın amacı temel belirleyici değişkenlerin hem kısa hem de uzun dönemde Türkiye’den Almanya’ya doğru olan göç akımlarını nasıl etkilediğini açıklamak olup Hatton (1995) tarafından geliştirilen zaman serisi modelinin uygulanmasını içermektedir. Çalışmanın teorik kısmı, göç kararı verilmesine etkide bulunan bazı ekonomik ve sosyal değişkenlerin belirsizlik etkisini içeren kuramsal çerçevede bir model oluşturulmasını kapsamaktadır. Bu bölümde yaşam koşulları ile ilgili gelecekteki beklentiler ve buna bağlı belirsizlik derecesinin göç kararının verilmesinde anahtar değişken olduğunun önemi vurgulanmıştır. Çalışmada elde edilen bulgular Türkiye’nin Avrupa Birliği’ne girmesinin değil, aksine üyeliğinin reddedilmesinin, ekonomik ve sosyal durum ile ilgili belirsizlikleri artırarak Türkiye’den AB ülkelerine olan göçü artıracağını ortaya koymaktadır.
Anahtar Kelimeler: Avrupa Birliği, Almanya, Göç, TürkiyeDoctor of Philosophy in Economics.Thesis (Ph.D.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Economics, 2012. Supervisor: Prof. Dr. Glenn P. Jenkins.Eastern Mediterranean University (EMU)2012-12-10T07:18:29Z2012-12-10T07:18:29Z2011ThesisBeton, Demet. (2011). Migration issues: Turkey and the European Union. Thesis (Ph.D.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Economics, Famagusta: North Cyprus.http://hdl.handle.net/11129/179en
oai:i-rep.emu.edu.tr:11129/1812016-03-06T10:27:01Zhdl_11129_2203Money Transfer ServicesBadran, Mohammad AdnanBanking and FinanceMoney and BankingMoney Transfer - Remittances - Formal Transfer - Informal TransferABSTRACT: Money transfer services have evolved through time. People were not satisfied by only making money. They were looking for a way to transfer this money to their intended places. Moreover, the increased number of immigrants created a need for transferring their remittance to their families. Money transfer services have evolved through time, starting from the using the post office ended with the most advanced technology just by click and send. Many immigrants have used informal ways to transfer their remittances, due to its cost and convenience. Recently, the regulation has increased due to the criminal operations. While others have used the formal ways such as banks, people have different needs and demands that can be satisfied according to their needs. These needs can be met by some factors such as cost, speed and security. These factors mainly have an important effect on the choice of the client. A survey in North Cyprus was conducted in the study among the different users of money transfer services. The users were from students, workers and some business. Different demands from different users have shown that the choice of the channel to transfer fund was affected by some factors such as cost, speed and security. Most clients used SWIFT to transfer their fund to its intended places due to its low cost and convenient according to all respondents of the survey. The results of the survey also indicate that different channels of money transfer services do not have an effect on the choice of clients. That means client’s choice of the channels used to transfer their fund is governed by their needs.
Key words: Money transfer, remittances, formal transfer, informal transfer.
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ÖZET: Para havale sistemi zaman içerisinde gelişmiştir. İnsanlar sadece para kazanmala kalmayıp, bu parayı istedikleri yere göndermenin bir yolunu da aradılar. Dahası, göçmenlerin sayısının artması işçilerin çalışıp kazandıkları dövizleri ailelerine gönderme ihtiyacını beraberinde getirdi. Havale servisleri zaman içerisinde gelişmiştir, posta ofislerinin kullanımı ile başlayıp son derece ileri teknolojiyle çok kolaylaşmıştır. Birçok göçmen, maliyet ve uygunluğundan dolayı, paralarını havale etmek için resmi olmayan yolları kullanmıştır. Son zamanlarda özellikle batı ülkelerinde kriminal faaliyetlerin artmasıyla birlikte denetim de arttı. Bu arada diğer göçmenler, ihtiyaçlarını karşılanabilecek şekilde, talepleri olduğundan bankalar gibi resmi yolları kullandılar. Bu ihtiyaçlar maliyet, hız ve güvenlik gibi unsurlardan oluşmaktadır. Bu unsurların, müşterilerin seçiminde önemli etkileri vardır. Bu çalışmada Kuzey Kıbrıs para havale servislerindeki farklı kullanıcılar arasında bir araştırma ile ele alınmıştı. Kullanıcılar öğrenci, işçi ve bazı işadamlarından oluşmaktadır. Farklı kullanıcılardan gelen farklı talepler gösterdi ki havale işlemleri için seçilecek yol; maliyet, hız ve güvenlik gibi faktörlerden etkilenmektedir. Araştırmada yer alan katılımcılar; düşük tutar ve uygunluğundan, paralarını gönderecekleri yere havale etmek için SWIFT’i kullanıyor. Araştırma, müşterilerin havale için farklı yollar kullanmalarının, kendi ihtiyaçları doğrultusunda olduğunu göstermiştir.
Anahtar Kelimeler: Para Havalesi, İşçi Dövizi, Resmi Havale,Gayri- resmi havale.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2009. Supervisor: Assist. Prof. Dr. Mustafa Besim.Eastern Mediterranean University (EMU)2012-12-10T07:44:48Z2012-12-10T07:44:48Z2009ThesisBadran, Mohammad Adnan. (2009). Money Transfer Services. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/181en
oai:i-rep.emu.edu.tr:11129/1862016-03-07T06:14:49Zhdl_11129_2203Nigerian Stock Returns and Macroeconomic variables: Evidence from the APT ModelAbdulrahim, Sally SalihaBusiness AdministrationAPT - CAPM - OLS Analysis - Nigerian Stock Exchange - Nigerian EconomyABSTRACT: The study empirically investigates the relationship between the macroeconomic variables that affect the stock returns during the years between 2005M1- 2010M1 for the Nigerian Stock Exchange (NSE). The Arbitrage Pricing (APT) modeling framework is conducted by assuming the risk factors in the model as observable macroeconomic variables to explain the stock return variations. A multifactor regression model in this framework is employed to show the relevant macroeconomic variables namely: industrial production, interest rate, inflation, exchange rate and money supply. The Ordinary Least Square (OLS) technique is applied to test the validity of the model and the relative importance of different variables which may have an impact on the Nigerian Stock returns within the Nigerian economy. Based on the empirical results estimated, explanatory power supports the view that macroeconomic variables explain a significant part of the observed variations in Nigerian Stock Market returns for the sample period. Namely Consumer price index, short-term interest rate, and money supply have a big influence on Nigerian Stock Market returns.
Keywords: APT, CAPM, OLS Analysis, Nigerian Stock Exchange, Nigerian Economy.
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ÖZ: Yapılan bu tez çalışması ampirik olarak Nijerya menkul kıymetler borsasındaki hisse seneti getirisi ile makroekonomik değişkenler arasındaki ilişkiyi aylık (2005-1- 2010-1) veriler kullanarak ölçmüştür. Bu ilişkiyi ölçerken Arbitraj fiyat teorisi çercevesinde endüstri/sanayi üretim endeksi, kısa dönemli faiz oranı, enflasyon, döviz kuru ve para arzı endekslerinin ne kadar anlamlı olup olmadığına bakılmıştır. En Küçük Kareler tekniği uygulanarak yukarıda belirtilen ilişkinin rolü ölçülmeye çalışılmıştır. Çalışma, ayni zamanda kullanılan ilgili modelin doğruluğunuda ortaya koymaya çalışmıştır. Elde edilen ampirik sonuçlar ışığında, makroekonomik değişkenlerin büyük bir çoğunluğu Nijerya menkul kıymetler borsasındaki hisse seneti getirisi anlamlı bir şekilde açıklamıştır. Ampirik sonuçlar ayni zamanda enflasyon, kısa dönemli faiz oranı, ve para arzı endekslerinin Nijerya menkul kıymetler borsasındaki hisse seneti getirisi üzerinde büyük etkisi olduğunu belirtir.
Anahtar Kelimeler: Arbitraj fiyat teorisi, Sermaye Aktif fiyat Teorisi, En Küçük kareler yöntemi, Nijerya menkul kıymetler borsası, Nijerya ekonomisi.MBA in Business Administration. Thesis Master of Business Administration --Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Business Administration, 2011. Supervisor: Assoc. Prof. Dr. Sami Fethi.Eastern Mediterranean University (EMU)2012-12-10T12:07:21Z2012-12-10T12:07:21Z2011ThesisAbdulrahim, Sally Saliha. (2011). Nigerian Stock Returns and Macroeconomic variables: Evidence from the APT Model. Thesis (M.B.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Business Administration, Famagusta: North Cyprus.http://hdl.handle.net/11129/186en
oai:i-rep.emu.edu.tr:11129/2002016-03-06T10:32:10Zhdl_11129_2203Profitability and Transparency in the North Cyprus Banking IndustryÇaplı, Bilsen NesrinBanking and FinanceBanks and Banking - Cyprus, NorthOwnership Structure - Profitability - North Cyprus - TransparencyABSTRACT: This study aims to determine the difference between the strengths and weaknesses of the commercial banks in North Cyprus that affects their profiting abilities by using bank-specific variables. The banks were examined by their ownership structures of Public, Private and Foreign. The data used is from a sample of 17 banks operating between the years 2001 and 2009. Three separate regression models were run to see the significant variables on bank profitability on all banks, private banks and foreign banks. Foreign banks showed a higher profitability on average along with a better asset management. Private Banks showed a better efficiency in operating expenses. All three groups of banks showed a significant level of liquidity that contributed to their profitability. In addition to this a regression was run to test if transparency has an impact on bank size with the data collected from 2010. It was concluded that with the additional information provided to the public, funds were added to the asset size. Transparency and bank size was found to have a positive relation.
Keywords: Ownership Structure, Profitability, North Cyprus, Transparency.
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ÖZ: Bu çalışma, Kuzey Kıbrıs’da bulunan ticari bankaların, bankalara özel değişkenleri kullanarak güçlü ve zayıf yönlerini ve karlılık üzerine etklerini belirlemeyi amaçlıyor. Bankalar mülkiyet yapılarına göre Kamu Bankaları, Özel Bankalar ve Yabancı bankalar olarak incelenmiştir. Işletilen örnek 17 bankadan 2001 ve 2009 seneleri arası veriler kullanılmıştır. Tüm bankalar, özel bankalar ve yabancı bankalar olarak üç ayrı model işlenmiştir. Yabancı bankalar,gelişmiş aktif yönetimi yanı sıra ortalama olarak daha fazla karlılık göstermiştir. Özel bankalar faaliyet giderleri üzerinde daha iyi yönetim yürütüğü görülmüştür. Her üç model, bankaların likidite derecesinin iyi olduğunu ve karlılığa katkı sağladığı görülmüştür. Buna ek olarak şeffaflığın banka büyüklüğünün üzerine etkisi 2010 senesinden toplanan verilerle incelenmiştir. Halkın daha fazla bilgilendirilmesinin, aktif büyüklüğüne tahvilat ilave ettiği sonucuna varılmıştır. Banka büyüklüğü ve şeffaflığın pozitif bir ilşkisi olduğu saptanmıştır.
Anahtar Kelimeler: Banka yapıları, Karlılık, Kuzey Kıbrıs, Şeffaflık.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2012. Supervisor: Assoc. Prof. Dr. Nesrin Özataç.Eastern Mediterranean University (EMU)2012-12-12T07:43:50Z2012-12-12T07:43:50Z2012ThesisCapli, Bilsen Nesrin. (2012). Profitability and Transparency in the North Cyprus Banking Industry. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/200en
oai:i-rep.emu.edu.tr:11129/2112016-03-06T10:32:32Zhdl_11129_2203Road Project for Economic Development: Yazd-Abarkouh-Sourmagh Road Project Feasibility StudyKhotbehsara, Samaneh DaryabeygiBanking and FinanceYazd-Abarkouh-Sourmagh Road Project - IranRoad Project - Time Saving - Net Present Value - Feasibility - Integrated Investment AppraisalABSTRACT: In recent decades, importance of roads in economic development of countries has been confirmed by many studies. Roads affect countries in terms of social and economical development. The traffic statistics have shown that the traffic growth rate of Iran is rising up rapidly. In order to meet this rising demand and to improve the traffic condition in Iran, the government is attempting to construct new roads. This thesis is about integrated investment appraisal of Yazd-Abarkouh-Sourmagh road project with the objective of determining whether the project is feasible or not to be undertaken. The road has 93 km length and is located in Yazd, one of the biggest and important provinces of Iran. It will expand the connection between Yazd, Esfahan, Shiraz and Tehran. Using the data and information from the project owners directly, this thesis appraised the feasibility of a road project under two scenarios. Scenario one is based on the project owner’s assumption where the project is fully financed by the government; without any loan and or toll. The result of this scenario showed that, this project will have negative financial NPV of 29 million USD but positive economic and externalities NPV of 17 and 47 million USD, respectively. The results are as expected for road projects. The second scenario, which is expected to be the contribution of this thesis, is a Special Purpose Vehicle (SPV) case where private sector will be undertaking the project with support from the government. In this scenario, private sector will finance 50 percent of the project investment cost with and will have toll. The results of the second scenario indicate that both financial as well as economic NPVs are positive; first being 2 and latter being 29 million USD. The analysis also shows that especially users (consumers) will benefit a lot from this project outweighing the benefits of the other stakeholders i.e. owners, labour. This study in general indicates that with the introduction of SPV’s where private sector is also motivated, such big public project can be undertaken without creating too much financial burden to governments.
Keywords: Road project, time saving, net present value, feasibility, integrated investment appraisal.
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ÖZ: Son yıllarda yapılan çalışmalar ülkelerin ekonomik gelişiminde yolların önemli bir yere sahip olduğunu teyit etmektedir. Yollar, ülkeleri sosyal ve ekonomik gelişmeleri için önemlidir. İran’da trafiğin hızla artığı istatistiklerle görülmektedir. Bu nedenle İran hükümeti, artan talebi karşılama ve trafik şartlarının iyileştirmesi için yeni yollar inşa etmektedir. Bu tezin amacı Yazd-Abarkouh-Sourmagh yol projesinin uygulanabilir olup olmadığını entegre yatırım/proje değerlendirme yöntemi ile belirlemektir. Bu yol projesi 93 km uzunluğunda İran’ın en büyük ve önemli kentlerinden biri olan Yaz kenti bölgesindedir. Bu proje Yazd, Esfahan, Shiraz ve Tahran arasındaki bağlantıyı artırası beklenmektedir. Bu tez çalışmasında proje sahiplerinden alınan bilgi ve veriler kullanılarak, projenin uygulanabilirliği iki senaryo altında değerlendirilmiştir. Birinci senaryoda proje sahibinin İran devleti olması, projenin tümüyle İran hükümeti tarafından finanse edileceği, proje için kredi ve yol geçiş ücreti kullanılmayacağını varsaymıştır. Birinci senaryo finansal değerlendirme sonuçlarına göre projenin 29 milyon Amerikan doları negatif finansal net bugünkü değeri oldu tespit edilmiştir. Bunun yanında projenin ekonomik değerlendirme sonuçları 17 milyon Amerikan doları pozitif ekonomik net bugünkü değer olarak hesaplanmıştır. Bu da projenin önemli ekonomik dışsal etkiler yarattığı ve hesaplamaya göre bunun 47 milyon Amerikan doları olduğu tespit edilmiştir. Bu sonuçlar genelde yapılan yol proje sonuçları ile örtüşen ve onları destekler niteliktedir. İkinci senaryo, projenin İran hükümetinin desteğiyle, özel sektörün yürüteceği ve “Özel Amaçlı Araçlar” (Special Purpose Vehicle) olarak tanımlanan yöntemle yapılması varsayılmıştır. Bu senaryoda, özel sektör projenin yatırım maliyetinin yüzde 50 sini finanse ederken, buna karşılık yol geçiş ücreti (toll) alacaktır. İkinci senaryonun hem finansal hem ekonomik net bugünkü değerleri pozitif hesaplanmış ve bunlar sırasıyla 2 ve 29 milyon Amerikan dolarıdır. Analizler, yolu kullanacak olanların (tüketicilerin) bu proje sahiplerinden bile daha fazla fayda elde ettiklerini göstermiştir. Bu çalışma ayrıca, Özel Amaç Araçlarının kullanımıyla büyük altyapı projelerinin özel sektör tarafından da inşa edilebileceği ve bu sayede hükümetler üzerindeki mali yükü azaltabilecekleri tespit edilmiştir.
Anahtar Kelimeler: Yol projesi, zaman tasarrufu, net bugünkü değer, fizibilite, entegre yatırım değerlendirme.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2011. Supervisor: Assoc. Prof. Dr. Mustafa Besim.Eastern Mediterranean University (EMU)2012-12-13T07:08:43Z2012-12-13T07:08:43Z2011ThesisKhotbehsara, Samaneh Daryabeygi. (2011). Road Project for Economic Development: Yazd-Abarkouh-Sourmagh Road Project Feasibility Study. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/211en
oai:i-rep.emu.edu.tr:11129/2212016-03-07T08:30:51Zhdl_11129_2203State and non-State Violence in World PoliticsAjaero, Edwin EmekaInternational RelationsViolence - TerrorismPolitical ViolenceState - Sponsored TerrorismNon-State TerrorismState and Non-State - Violence - Actors - World PoliticsABSTRACT: State and non-state violence in world politics is a common phenomenon. The Roman Empire which serves as an epitome of state violence and terror in the primeval times has revealed the duration state violence has existed, notwithstanding the fact that it is only one of the recorded events of state violence in antiquity. Many years after the demise of the Roman Empire, state and non-state violence have increased beyond imagination in various forms. The advancement in technology and the “Global War on Terror” have made it to increase in its direct or physical form. On the other hand, corruption, occupation, hard policies and class domination have made it to increase in its indirect or structural form. However, physical or direct form of violence which is often use by some non-state actors is used to cover other forms of violence. This thesis contends that the indirect or structural form of violence which is often caused by state actors is more harmful to humanity. This structural or indirect violence has lead to the impoverishment and agony of majority of world population. And in most cases the direct violence that emanate from some non-state actors is due to frustration and repression. It has also become a way of expressing their grievances, and the ultimate way to respond to the socio-economic conditions. State and non-state violence in world politics might continue to be a big problem to humanity if the majority of world population hesitates to ensure that leaders with better human nature and perceptions are in power. And this study stress the need for policy makers to identify the root causes of non-state violence in order to develop appropriate political and socio-economic programs for the poor, repressed, marginalized, discontented and discriminated groups in our world. Such measures will definitely ensure the demise of state and non-state violence in world politics.
Keywords: State and non-state, Violence, Actors, World politics.
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ÖZ: Devlet ve dünya siyasetinde devlet dışı şiddet yaygın bir olaydır. Antik çağlardaki devlet içi şiddet ve teröre bir örnek teşkil eden Roma İmparatorluğu, aslında antik çağlardaki devlet içi şiddet olarak kaydedilen olaylardan sadece biri kayıtlarda olmasına rağmen böyle bir sürecin varlığını ortaya çıkarmıştır. Roma İmparatorluğu'nun yıkılışından sonra, devlet ve devlet dışı şiddet, çeşitli şekillerde hayal gücünün ötesinde bir şekil kazanarak hızla artmıştır. Teknolojik gelişmeler ve “Terörle Küresel Savaş”, şiddetin doğrudan ve fiziksel etkinliğini arttırmıştır. Öte yandan, yolsuzluk, işgal, sert politikalar ve sınıf egemenliği, şiddetin dolaylı ve yapısal etkinliğinin artmasına yol açmıştır. Ancak, şiddetin fiziksel ve doğrudan şekli bazı devlet dışı aktörler tarafından şiddetin diğer formlarını örtbas etmek için sıklıkla kullanılmıştır. Bu tez, genellikle devlet aktörlerinin neden olduğu dolaylı veya yapısal şekildeki şiddetin insanlık için daha zararlı olduğunu idda etmektedir. Bu yapısal ya da dolaylı şiddet yoksullaşmaya ve dünya nüfusunun çoğunluğunun acı çekmesine sebep olmuştur. Ve çoğu durumda bazı devlet dışı aktörlerden kaynaklanan şiddet, karmaşaya ve baskıya sebep olmaktadır. Bu aynı zamanda onların şikayetlerini ifade etmenin bir yolu ve nihai bir şekilde bulundukları sosyo-ekonomik koşullara cevap olmuştur. Dünya politikasındaki devlet içi ve devlet dışı şiddet, eğer dünya nüfusunun çoğunluğu seçtikleri liderleri daha iyi insan doğası ve algılamaları ile iktidara getirme konusunda tereddüt halinde olursa insanlık için büyük sorun olmaya devam edecek. Bu çalışmada politika yapıcıların, dünyamızdaki bastırılmış, dışlanmış, hoşnutsuz, yoksul ve ayrımcılık yapılan gruplara uygun politik ve sosyo-ekonomik programlar geliştirebilmesi amacıyla devlet dışı şiddetin köklerinin tanımlanmasına ihtiyaç duyduğu vurgulanmaktadır Bu tür önlemler devlet dışı ve devlet içi şiddetin dünya siyasetinden kesinlikle yokolmasını sağlayacaktır.
Anahtar Kelimeler: Devlet ve devlet dışı, Şiddet, Aktörler, Dünya siyaseti.Master of Arts in International Relations. Thesis (M.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of International Relations, 2010. Supervisor: Assoc. Prof. Dr. Ahmet Sözen.Eastern Mediterranean University (EMU)2012-12-13T14:32:27Z2012-12-13T14:32:27Z2010ThesisAjaero, Edwin Emeka. (2010). State and non-State Violence in World Politics. Thesis (M.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of International Relations, Famagusta: North Cyprus.http://hdl.handle.net/11129/221en
oai:i-rep.emu.edu.tr:11129/2352016-03-05T21:16:34Zhdl_11129_2203The Agriculture Sector in TRNC: An Examination of Financial Sources and Credit Policies of the Banking SystemÇelebi, AyşemBanking and FinanceBanks and Banking - Cyprus, NorthNorth Cyprus - Agricultural Finance - Banks - Credit Policies - EconomyABSTRACT: Historical experience shows that for decades, both developed and developing countries have tried to support the development of agricultural sector, a labour intensive sector providing employment and income for millions of farmers in these countries. The agricultural sector is a complementary sector, which supports the development of other sectors. North Cyprus has a developing small island economy and dominated by sectors including public, tourism, education, industry and agriculture sectors. Agriculture is a crucial sector for the North Cyprus economy requiring easy, adequate and low cost accessibility to financial services. Our study shows that the agricultural financing of TRNC are channelled through five banks named as Cyprus Turkish Cooperative Central Bank, T.C. Ziraat Bank, Creditwest Bank, Faisal Islamic Bank, and Development Bank of TRNC out of total 25 operating banks in 2011. The comparative analysis of the credit policies of these 5 banks shows that Cyprus Turkish Cooperative Central Bank as a cooperative bank and T.C. Ziraat Bank as a foreign branch bank are the two main banks contributing to the agriculture sector development by providing primarily agricultural banking products and services. The Development Bank of TRNC as a state bank focuses more on investment and development projects due to the establishment purpose of the bank. Within the Islamic Banking framework, Faisal Islamic Bank offers investment and agricultural loans aimed at promoting the economy. Creditwest Bank as a pure private commercial bank provides agricultural banking with the highest cost of loans in terms of interest rates.
Keywords: North Cyprus, agricultural finance, banks, credit policies, economy.
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ÖZ: Tarihsel deneyim, on yıllar boyunca, hem gelişmiş ve hem de gelişmekte olan ülkeler tarım sektörünün gelişimini destekleyerek, emeğin yoğun olduğu bir sektör olmasından dolayı bu ülkelerde istihdamın sağlandığını ve milyonlarca çiftçinin gelir elde ettiklerini gösterir. Kuzey Kıbrıs gelişmekte olan küçük bir ada ekonomisine sahip olarak: kamu, turizm, eğitim, sanayi ve tarım sektörlerine hakimdir. Tarım, Kuzey Kıbrıs ekonomisinde finansal hizmetler için yeterli ve kolay erişilebilirliğe ihtiyacı olan anahtar bir sektördür. Bu araştırma 2011 yılında KKTC’nin tarımsal finansmanının, aktif toplam 25 bankanın beşi kanalıyla yapıldığını gösterir ve bu bankaların isimleri şunlardır: Kıbrıs Türk Kooperatif Merkez Bankası, T.C. Ziraat Bankası, Creditwest Bankası , Faisal İslam Bankası ve KKTC Kalkınma Bankası. Bankalar arasında yapılan kredi politikalarının karşılaştırmalı sonuçlarına göre: 5 bankanın 2’si: Kıbrıs Türk Kooperatif Merkez Bankası; kooperatif bir banka ve T.C. Ziraat bankası; yabancı bir şube olarak öncelikle tarımsal bankacılık ürün ve hizmetler sunarak, tarım sektörünün gelişimine katkıda bulunmaktadırlar. Bir devlet bankası olan KKTC Kalkınma Bankası, kuruluş amacı nedeniyle yatırım ve kalkınma projelerine daha fazla odaklanmaktadır. Faisal İslam Bankası islami bankacılık usulleri çerçevesinde ekonomik teşvik amaçlı tarımsal kredi ve yatırımlar sunar. Özel ticari bir banka olan Creditwest Bankası ise banka kredi faiz oranları açısından en yüksek maliyet ile tarım bankacılığı sağlar.
Anahtar kelimeler: Kuzey Kıbrıs, tarımsal finansman, bankalar, kredi politikaları, ekonomi.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2011. Supervisor: Assoc. Prof. Dr. Cahit Adaoğlu.Eastern Mediterranean University (EMU)2012-12-17T08:11:13Z2012-12-17T08:11:13Z2011ThesisCelebi, Aysem. (2011). The Agriculture Sector in TRNC: An Examination of Financial Sources and Credit Policies of the Banking System. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/235en
oai:i-rep.emu.edu.tr:11129/2362016-03-07T08:24:57Zhdl_11129_2203The AKP's Reconstruction of the Kurdish Problem during the European Union Accession ProcessOsma, MuratInternational RelationsKurds - Civil Rights - TurkeyTurkey's EU Accession - Kurdish Politics - Democratic Reforms - Human Rights - The Kurdish Issue - AKP's Democratic OpeningABSTRACT: This thesis evaluates the nature of the Kurdish problem and the impact of the European Union on the AKP’s liberal democratic policies on the Kurdish problem. The Kurdish issue is a highly significant problem for Turkey. Although, the main roots of the ongoing Kurdish problem are based back in the 1980s’ the consistent failure of the nationalistic policies repeatedly employed by Turkish governments meant that the problem persisted and even worsened as the new century appproached. In the AKP period, major shifts in policy occurred, though the Kurdish question continued to be a challenge in both the domestic and international arenas. In this thesis explanation is given of the increasing internationalization of the Kurdish problem with Turkey‘s EU (European Union) accession process and evaluation is made of how the Kurdish problem was an important barrier to the progress of Turkey‘s EU path. Furthermore, this thesis examines the European Commission‘s requirement from Turkey in this area and discusses the AKPs “national program” made in order to meet the Copenhagen criteria. The AKP governments’ reform packages are evaluated in order to analyze changes in the field of human rights in Turkey.
Keywords: Turkey‘s EU accession, Kurdish politics, democratic reforms, human rights, the Kurdish issue, AKP‘s “democratic opening”.
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ÖZ: Bu tez Kürt probleminin yapısını ve Avrupa Birliğinin AKP’nin Kürt problemi üzerine uygulamış olduğu liberal demokratik politikalar üzerindeki etkisini incelemektedir. Kürt problemi Türkiy’nin önemli sorunlarından birisidir. Her nekadar, Kürt probleminin temelleri 1980’lere dayansa da, geçmiş hükümetlerin uygulamış olduğu başarısız milliyetçi politikalar yüzünden sorun çözülememiştir. AKP döneminde de Kürt problemi iç ve dış politika da sorun olmaya devam etmiştir. Bu tezde, Kürt problemi’nin Türkiye‘nin AB (Avrupa Birliği) sürecinde giderek artan uluslararasılaşması anlatılmaya çalışıldı ve Kürt problemi‘nin, Türkiye’nin AB stratejisi önünde insan hakları temelinde bir engel olarak ortaya çıkması konusu incelendi. Ayrıca, bu tezde Avrupa Komisyonu‘nun Türkiye’den talep etmiş olduğu değişiklikler ve AKP hükümetinin Kopenhag kriterlerini yerine getirmek için hazırlamış olduğu “ulusal program” incelenmiştir. Türkiye de insan hakları alanındaki değişimi incelemek maksadı ile AKP’nin uygulamış olduğu reform paketleri irdelenmiştir.
Anahtar kelimeler: Türkiye‘nin AB katılım süreci, Kürt politikaları, demokratik reformlar, insan hakları, Kürt problemi, AKP‘nin “demokratik açılımı”.Master of Arts in International Relations. Thesis (M.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of International Relations, 2012. Supervisor: Assist. Prof. Dr. Altay Nevzat.Eastern Mediterranean University (EMU)2012-12-17T11:26:10Z2012-12-17T11:26:10Z2012ThesisOsma, Murat. (2012). The AKP's Reconstruction of the Kurdish Problem during the European Union Accession Process. Thesis (M.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of International Relations, Famagusta: North Cyprus.http://hdl.handle.net/11129/236en
oai:i-rep.emu.edu.tr:11129/2382016-03-07T08:25:00Zhdl_11129_2203The Challenges of the United Nations in Conflict Resolution: The Case of DarfurGody, Assi HabibInternational RelationsSudan - Darfur ConflictPeace-building - United Nations - Darfur (Sudan)International Peace and Security - International Organization - Conflict ResolutionABSTRACT: The importance of international peace and security around the World following World War II has led to the foundation of the United Nations in 1945. However, since then the international community and the UN have both been facing challenges from the Cold War to today’s intrastate conflicts, Arms of Mass Destructions, environmental problems, “terrorism”, just to name a few.
One important concern of today is the difficulty dealing with intrastate conflicts that may affect international peace and order. In Darfur since 2003, conflict between the Darfur rebels on one side and the central government of Sudan resulted into one of most deadly conflict of the 21st century. The UN has been trying to end the conflict, however the organization is faced with many challenges, such as the inability of the Security Council to come up with a decision free from veto from the permanent members. The objective of this thesis is to explain the conflict in Darfur and the activities of the UN in that region and critically analyze what the organization is doing. This will be done by using theories of conflict resolution and other peaceful mechanism of resolving conflict.
Keywords: International peace and security, international organization, conflict resolution.
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ÖZ: Dünyada uluslararası barış ve güvenliğin önemi 1945 yılında Birleşmiş Milletlerin kurulmasına öncülük etmiştir. Ancak, o zamandan buyana uluslararası toplum ve BM birçok zorlukla karşı karşıya kalmıştır, soğuk savaş döneminden eyalatler arası çatışmalara, kitle imha silahları, çevre sorunları, 'terörizm', bunlardan sadece bir kaçıdır. Günümüzün en önemli endişelerinden biride uluslararası barış ve düzeni etkileyebilecek iç çatışmalarda yaşanan zorluklardır. Darfur'da 2003 yılından bu yana bir tarafta Darfur isyancıları ve diğer tarafta Sudan merkezi hükümeti arasındaki çatışma 21. Yüzyılın en ölümcül çatışmalarından biri olarak sonuçlanmıştır. BM uluslararası bir örgüt olarak çatışmayı sona erdirmek için çalışıyor ancak örgüt birçok zorluk ile karşı karşıya gelmiştir örneğin Güvenlik Konseyi’nin bir karara varma konusundaki yetersizliği. Bu tezin amacı, Darfur'daki çatışmyı ve BM’lerin bölgedeki faaliyetlerini ve bu örgütün ne yaptığını kritik bir şekilde analiz etmektir. Bu analiz çatışma çözümü ve diğer barışçıl çatışma çözüm mekanizma teorileri kullanılarak yapılmıştır.
Anahtar Kelimeler: Uluslararası barış ve güvenlik, uluslar arası örgütler, çatışma çözümü.Master of Arts in International Relations. Thesis (M.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of International Relations, 2012. Supervisor: Assoc. Prof. Dr. Ahmet Sözen.Eastern Mediterranean University (EMU)2012-12-17T13:51:42Z2012-12-17T13:51:42Z2012ThesisGody, Assi Habib. (2012). The Challenges of the United Nations in Conflict Resolution: The Case of Darfur. Thesis (M.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of International Relations, Famagusta: North Cyprus.http://hdl.handle.net/11129/238en
oai:i-rep.emu.edu.tr:11129/2402016-03-06T10:59:02Zhdl_11129_2203The Determinants of Impulse Buying in Construction Sector: Evidence from North Cyprus EconomyNoroozi, ElaheBusiness AdministrationConsumer Behavior - Research - Market surveys - Construction Sector - Cyprus, NorthImpulse Buying - Price - Property Rights - Construction Sector - North Cyprus EconomyABSTRACT: The objective of this thesis is to empirically investigate the relationship between impulse buying and its determinants by using cross-sectional data over 200 participants. Specifically, a questionnaire was conducted within the North Cyprus region takes into account the role of price, location, state agency and property rights. OLS technique is applied to test the validity of the model and the relative importance of different variables which may have an impact on impulse buying factor. The empirical findings obtained show that the influence price, remoteness as well as property right have an impact on impulse buying which is believed that this stimulate the volume of sale. The effect of state agency has a negative but it is found insignificant on impulse buying factor. This advises that people buying a house referring to a word of mouth rather than information obtained from state agencies. The results also suggest that lands belongs to Greek Cypriots are more ambiguous and cheaper than Turkish Cypriots lands. Policy or regulation in construction sector should be improved based on the estimated results. Cyprus problem should also be solved to make customers or house buyers’ life easier.
Keywords: Impulse buying, price, property rights, construction sector, North Cyprus economy.
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ÖZ: Bu tez ilk kez, alma dürtüsü ve onun belirleyicilerini bir anket çercevesinde 200 kişinin katılımı ile en küçük kareler yöntemi kullanılarak ölçmeyi hedeflemiştir. Özellikle, fiyatın, uzaklığın, emlak hakkının, ve emlak bürosu‘nun etkilerini alma dürtüsü üzerinde ölçmeye çalışır. En küçük kareler yöntemi kullanılarak regrasyon modelinin geçerliliğini ölçülmüştür. Ampirik bulgular fiyatın etkisinin, uzaklığın ve ayrıca emlak hakkının satın alma dürtüsü üzerinde önemli rol oynadığını gösteriyor. Emlak bürolarının etkisininde hiç olmadığı bu çalışmada kanıtlanıyor. Bu bulgular gösteriyorki insanlar daha çok arkadaşlarının bilgilerine başvuruyorlar. Ayrıca Rum koçanlı topraklar bu çalışmada belirsiz ve daha ucuz olarak ölçülüyor. Yapılacak yasal değişiklikler ve kıbrıs meselesinin çözümü İnşaat söktörü daha da rahatlatacak yönde gelişme sağlayabilir.
Anahtar Kelimeler: Satın alma dürtüsü, fiyat etkisi, mülk hakkı, mesafe etkisi, emlak bürosu etkisi , Kuzey Kıbrıs Ekonomisi.Master of Business Administration in Business Administration. Thesis (M.B.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Business Administration, 2012. Supervisor: Assist. Prof. Dr. Sami Fethi.Eastern Mediterranean University (EMU)2012-12-25T10:59:33Z2012-12-25T10:59:33Z2012ThesisNoroozi, Elahe. (2012). The Determinants of Impulse Buying in Construction Sector: Evidence from North Cyprus Economy. Thesis (M.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Business Administration, Famagusta: North Cyprus.http://hdl.handle.net/11129/240en
oai:i-rep.emu.edu.tr:11129/2412016-03-07T06:45:39Zhdl_11129_2203Capacity Utilization in Manufacturing Industries: Evidence from Nigerian Firm Level DataChristian, Okechukwu ChimaEconomicsNigeria - Economic Conditions and DevelopmentManufacturing Industries - NigeriaCapacity Utilization - Quantile Regression - Nigerian Manufacturing - Enterprises SurveyABSTRACT: This thesis examines the determinants of Capacity Utilization among manufacturing firms in Nigeria. Using manufacturing firm level survey conducted by Enterprises Survey under the auspices of the World Bank, we attempted to identify these determinants within the framework of an economic model, using two separate cross-sectional data garnered from surveys in 2010 employing the robust Quantile Regression technique. Our analysis and findings provides evidence that the duration of power outages in Nigeria accounts for a large chunk of capacity under-utilization among manufacturing firms. The percentage of skilled production workers that a firm has also plays an important role in its utilization of capacity. Recommendations to improve and build upon the existing capacity among firms were made, this is inspired by the important functions that manufacturing industries play in any economy, which determines to a large extent, the flexibility of that economic system to meet future requirements for the objective of being productive, efficient and competitive. It is hoped that the policy suggestions therein would help make Nigerian industries better equipped to face challenges amidst global competition.
Keywords: Capacity Utilization, Quantile Regression, Nigerian Manufacturing, Enterprises Survey.
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ÖZ: Bu tez çalışmasında Nijerya’nın imalat sanayi şirketlerinin kapasite kullanımını etkileyen faktörler incelenmektedir. Çalışmada Dünya Bankası’nın şemsiyesi altında başlatılan İşletmeler Anket Projesi kapsamında elde edilen 2010 yılına ait mikro veriler kullanılarak Kantil Regresyon Metoduna dayanan bir model kullanılmıştır. Elde edilen bulgular Nijerya’daki elektrik kesintileri sürelerinin işletmelerdeki kapasite kullanımının yetersizliğini açıklayan baş etken olduğuna işaret etmektedir. Firmalarda çalışan vasıflı işçilerin sayısının da kapasite kullanımını olumlu etkileyen faktörler arasında olduğu görülmektedir. Bu bağlamda firmaların mevcut kapasite kullanım oranlarını artırabilmelerine yönelik öneriler getirilmektedir. İmalat sanayi firmalarının ekonomideki ağırlıklı durumları gözetildiğinde bunların ekonominin verimlilik, etkinlik gibi gereksinimlerine cevap verebilecek esnek bir ekonomik yapının temel taşları olduğu açıktır. Çalışma sonuçlarına dayanarak küresel rekabet ortamında Nijerya şirketlerinin daha donanımlı olmalarına yönelik politikalar da ortaya konmaktadır.
Anahtar Kelimeler: Kapasite Kullanımı, Kantil Regresyon, Nijerya İmalat Sanayi, İşletmeler Anketi.Master of Science in Economics. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Economics, 2012. Supervisor: Assoc. Prof. Dr. Cem Payaslıoğlu.Eastern Mediterranean University (EMU)2012-12-26T12:40:53Z2012-12-26T12:40:53Z2012ThesisChristian, Okechukwu Chima. (2012). Capacity Utilization in Manufacturing Industries: Evidence from Nigerian Firm Level Data. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Economics, Famagusta: North Cyprus.http://hdl.handle.net/11129/241en
oai:i-rep.emu.edu.tr:11129/2432016-03-07T06:48:22Zhdl_11129_2203The Economic Cost of Foreign Exchange and Shadow Price of Non – Tradable Outlays for West African Economic & Monetary UnionSalcı, ŞenerEconomicsEconomic Integration - Africa, WestThree Sector General Equilibrium Model - Economic Cost of Foreign ExchangeShadow Price of Non-Tradable Outlays - West African Economic and Monetary UnionABSTRACT: The prior objective of this thesis is to develop a general expression for the estimations of economic opportunity cost of foreign exchange for tradable goods and services and the shadow price of non-tradable outlays for the non-tradables for any economy. Methodologically, a three sector general equilibrium framework is used where the impacts of both financing (in relation to domestic and foreign capital market actions) and purchase along with any subsequent changes in the equilibrium quantities of goods and services due to any change in the relative prices of goods are taken into account. As the sectors of the economy involve various sets of market distortions such as tariffs, taxes, subsidies and other kinds of indirect taxes, market values diverge from their real economic worth. Therefore, while estimating the numeraire of the economic opportunity cost of foreign exchange and the shadow price of non-tradable outlays, any changes in economic welfare due to the shifts in demand and supply between the tradables and non-tradables together with these set of distortions are measured in a consistent manner. Using the three sector general equilibrium model, the research concludes that the additional cost of the use of foreign exchange within the West African Economic and Monetary Union is about 7.3 per cent of the market value of tradable goods and there will be approximately a 2.4 per cent premium on the expenditures or receipts of nontradable goods within the region.
Keywords: Three Sector General Equilibrium Model, Economic Cost of Foreign Exchange,
Shadow Price of Non – Tradable Outlays, West African Economic and Monetary Union
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ÖZET: Bu tezin öncelikli amacı ticari mallardaki dövizin iktisadi alternatif maliyetini ve gayri – ticarilerdeki gölgelendirilmiş fiyatlarını herhangi bir ülke ekonomisi için yönelik genel hesaplama metodu geliştirmektir. Method olarak üç sektöre bağli genel denge kullanılmış olup modelde hem finansman (yerli ve yabancı sermaye piyasası hareketleri) hemde satın almalarla birlikte sonradan göreceli fiyat degişikliğinden meydana gelen mal ve hizmetlerin denge miktarlarının değişimi ele alınmıştır. Ekonomideki sektörler birçok distorsiyon içerdiğinden öyleki bunlar ithalat –ihracat vergileri, sübvansiyon ve diğer dolaylı - dolaysız vergiler; pazar (mali) değerler ile iktisadi değerler arasında diverjans görülmektedir. Bundan dolayı, dövizin iktisadi alternatif maliyetini ve gayri ticarilerin gölgelendirilmis fiyatlari hesaplarken ticariler ve gayri ticariler arasındaki talep ve arz miktarlarındaki değişikilerinden meydana gelen ekonomik refahtaki değişikler distorsiyonlarla birlikte tutarlı bir şekilde ölçülmüştür. Üç sektörlü genel denge modelini kullanaraktan Batı Afrika Ekonomi ve Para Birliği için dövizin iktisadi alternatif maliyeti yüzde 7.3 ve yine bu birlik içerisinde gayri – ticari mallarda gölgelendirilmiş maliyet ise yaklaşik yüzde 2.4 olarak hesaplanmıştır.
Anahtar Kelimeler: Üç Sektörlü Genel Denge Modeli, Dövizin Iktisadi Alternatif Maliyeti, Gayri – Ticari Gölgelendirilmiş Fiyat, Batı Afrika Ekonomi ve Para Birliği.Master of Science in Economics. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Economics, 2009. Supervisor: Prof. Dr. Glen P. Jenkins.Eastern Mediterranean University (EMU)2013-01-02T12:46:00Z2013-01-02T12:46:00Z2009ThesisSalci, Sener. (2009). The Economic Cost of Foreign Exchange and Shadow Price of Non – Tradable Outlays for West African Economic & Monetary Union. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Economics, Famagusta: North Cyprus.http://hdl.handle.net/11129/243en
oai:i-rep.emu.edu.tr:11129/2472016-03-06T11:01:10Zhdl_11129_2203The Effects of Service Recovery Satisfaction on Consumers’ Behavioral Intentions: An Application in North Cyprus Five-Star HotelsIkponmwen, EminejomoBusiness AdministrationMarketing ManagementCustomer Services - Consumer Satisfaction - Hotel Industry - Cyprus, NorthernService Recovery Satisfaction - Five-Star Hotels - Overall Satisfaction - North CyprusABSTRACT: The purpose of this study is to examine the effects of service recovery satisfaction on consumers’ behavioral intentions. A total of 500 questionnaires were developed to distribute to customers of five-star hotels in North Cyprus. The questionnaire had 27 questions on the effect of service recovery strategies on the recovery satisfaction of customers, the effect of the recovery satisfaction on trust, trust on overall satisfaction and the effect of overall satisfaction on positive word-of-mouth and revisit intentions. The questionnaire for this study made use of the work of Boshoff (2005), Maxham and Netemeyer (2002); Brown, Cowles, and Tuten (1996), Oliver and Swan (1989) Morgan and Hunt (1994); Wong and Sohal (2002) and Mattila (2001).
The findings of this study show that among the service recovery dimensions, atonement and tangibles do not have a positive effect on the service recovery satisfaction of customers. While a positive relationship exists between feedback, empowerment, explanation and communication on service recovery satisfaction. It was also found out that recovery satisfaction does have a positive effect on trust, which leads to overall customer satisfaction and triggers positive word-of-mouth and revisit intentions.
Keywords: Service recovery satisfaction, five-star hotels, overall satisfaction, North Cyprus.
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ÖZ: Bu çalışmanın amacı hizmet iyleştirme çabalarının yarattığı memnuniyetin müşterilerin davranışları üzerindeki etkisini tespit etmektir. Bu amaçla geliştirilen anket Kuzey Kıbrıs‟taki beş yıldızlı otellerde 500 cevaplayıcı üzerinde uygulanmıştır. Ankette yer alan 27 yargı cümlesi ile hizmet iyleştirme stratejilerinin müşterilerin hizmet iyleştirme memnuniyetleri üzerindeki etkisi, bu memnuniyetin müşterilerin kuruma karşı olan güvenini nasıl etkilediği, bu güvenin genel memnuniyet üzerideki etkisi ve genel memnuniyet seviyesinin tekrar ziyaret etme ve tavsiye etme niyetleri üzerindeki etkisi araştırılmaya çalışılmıştır. Anketin geliştirilmesinde Boshoff (2005), Maxham ve Netemeyer (2002); Brown, Cowles, ve Tuten (1996), Oliver ve Swan (1989) Morgan ve Hunt (1994); Wong ve Sohal (2002) ve Mattila’nın (2001) çalışmalarından yararlanılmıştır.
Çalışmanın sonuçları geribesleme, yetkilendirme, açıklama ve iletişim gibi boyutların müşterilerin hizmet iyleştirme memnuniyeti üzerinde olumlu etkilerinin olduğu, özür dileme ve fiziksel özellikler boyutlarının ise olumlu etkilerinin olmadığını ortaya koymaktadır. Ayrıca hizmet iyleştirme memnuniyetinin güven üzerinde olumlu etki yarattığı, bununda genel memnuniyet seviyesini olumlu etkilediği ve genel memnuniyetinde tekrar ziyaret etme ve tavsiye etme niyetleri üzerinde olumlu etkisi olduğu tespit edilmiştir.
Anahtar Sözcükler: Hizmet iyleştirme memnuniyeti, beş yıldızlı oteller, genel memnuniyet, Kuzey Kıbrıs.Master of Arts in Marketing Management. Thesis (M.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Business Administration, 2011. Supervisor: Prof. Dr. Halil Nadiri.Eastern Mediterranean University (EMU)2013-01-02T14:14:47Z2013-01-02T14:14:47Z2011ThesisIkponmwen, Eminejomo. (2011). The Effects of Service Recovery Satisfaction on Consumers’ Behavioral Intentions: An Application in North Cyprus Five-Star Hotels. Thesis (M.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Business Administration, Famagusta: North Cyprus.http://hdl.handle.net/11129/247en
oai:i-rep.emu.edu.tr:11129/2482016-03-07T08:25:10Zhdl_11129_2203The Future of the United Nations Peacekeeping Force in Cyprus in a Settlement of the Cyprus ConflictIrabor, Henry ChieduInternational RelationsCyprus - Politics and GovernmentCyprus - Cyprus Issue - Peace Negotiations - Peacekeeping - United NationsAnnan, Kofi - The Secretary General of the United Nations - Annan PlanDiplomatic Negotiations - Cyprus ProblemCyprus - International Status - International LawUNFICYP - Annan Plan - UN - Future - EffectivenessABSTRACT: The main purpose of this thesis is to forecast the future outcome of the United Nations Peacekeeping Force in Cyprus (UNFICYP) based on the Annan Plan and the Boutros Boutros Ghali Set of Idea for Cyprus settlement; presenting an overview of its effectiveness and transition from the past to the present. UNFICYP operation in Cyprus started in 1964 with the United Nations Security Council Resolution 186 (1964) mandating it to carry out a peacekeeping mission. This mission was to control the situation which came as a result of the constitutional change that the then Government of the Republic of Cyprus wanted to implement and which put the Turkish Cypriots on the disadvantageous side in the framework of the 1960 Republic of Cyprus. Since then UNFICYP has been in Cyprus keeping peace and ensuring that the violent uprising of the past did not re-occur again. There is a belief in some quarters that it is the task of UNFICYP to make peace and settlement in Cyprus, however, this falls within the mandate of the UN Secretary General and other officials of the UN who represent the UN in the Cyprus peace talks. The responsibility of UNFICYP is to engender a peaceful environment for peacemaking. To effectively carry out its functions, UNFICYP has gradually metamorphosed from being just a traditional peacekeeping force to a modernized peacekeeping organization. The Annan Plan provided for a peacekeeping force too, but it should have another acronym different from UNFICYP in order to play a complementary role in the implementation of the Cyprus settlements.
Keywords: UNFICYP, Annan Plan, UN, Future, Effectiveness.
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ÖZ: Bu tezin amaci Kıbrısta bulunan UNFICYP’in (BM barış gücü) geleceğini ön görmek, etkiliğini, getirdiği anlaşmaları ve kuruluğu dönemden bugüne kadar geçişi. UNFICYP Kıbrıstaki harekatına birleşik milletin bariş konseyin 186 kararı ile barışı sağlama adına 1964te basladi. Bu misyon o zamanki Kıbrıs hükümetin anayasa değişikliği ve Kıbrıslı Türklerin 1960 Kıbrıs Cumhuriyeti çerçevesine göre Kıbrıslı Türklerin dezavantajına olusan durumu kontrol etmekti.O gunden beri UNIFICYP Kıbrısta olup barışı sağlamaya çalışması 1960 larda ve 70 lerde ortaya çıkan şiddetli olayların bir daha tekrarlanmaması aynı zamanda uluslararası barış ve düzenine tehdit oluşturmamasıdır.İlginç olarak bazı görüşler UNFICYP’in etkili olamayacağını ve Kıbrıs anlaşmalarında gelecekte hiçbir etkin rol oynamayacağını savunmuşlardır. Bu tez başlıca Rum tarafının karşı çıktığı ve Turk tarafının kabul etttiği Annan Planının temeline bakarak bu düşüncenin aksini savunmuştur.Bazıları UNFICYP’in görevi barışı sağlamak olduğunu düşünüyor.Bu BM Genel sekreteri ve Kıbrıs sorununda BM yi temsil eden görevlilerin işidir.UNFICYP’in sorumluluğu “PİEACEKEEPİNG” yani barışçıl bir ortam sağlamaktır. Bu harekatın başarılı olması için UNFICYP geleneksel bir barış gücünden aktivitesinde barış misyonu önde tutan bir modernliğe geçti.Annan Planı Kıbrıs sorunu çözülmesinde UNFICYP’e önemli rol sağlamıştır.
Anahtar Sözcükler: UNFICYP, Annan planı, UN, Gelecek, Etkileyicilik.Master of Arts in International Relations. Thesis (M.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of International Relations, 2010. Supervisor: Assoc. Prof. Dr. Wojciech Forysinski.Eastern Mediterranean University (EMU)2013-01-02T14:26:45Z2013-01-02T14:26:45Z2010ThesisIrabor, Henry Chiedu. (2010). The Future of the United Nations Peacekeeping Force in Cyprus in a Settlement of the Cyprus Conflict. Thesis (M.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of International Relations, Famagusta: North Cyprus.http://hdl.handle.net/11129/248en
oai:i-rep.emu.edu.tr:11129/2502016-03-06T10:26:43Zhdl_11129_2203The Impact of the Global Financial Crisis on Southeastern European EconomiesKopliku, EvisiBanking and FinanceEurope - Economic Conditions - InvestmentsSoutheastern Europe - Global Financial Crisis - Foreign Direct Investment - Openness - RemittancesABSTRACT: August 2007 signed the beginning of a new era, known as the Great Recession, and considered by many economists as the hardest financial crisis since the Great Depression of the 1930s. Being a global financial crisis, as its name implies, the Great Recession had global effects. However, different countries were affected at different levels. The aim of this thesis is to investigate the impact of the global financial crisis on a sample of four countries of Southeastern Europe: Albania, Bulgaria, Croatia and Romania. This investigation is done by using econometric models (Unit Root tests and Johansen Cointegration tests) by employing quarterly time series data from 1990 to 2009. In order to carry out the tests, the research identifies some possible transmission channels of the crisis by looking at empirical researches and theoretical approaches related with crisis. Once the variables have been identified as possible transmission channels, their significance on the growth of the four countries is measured in order to identify the degree of impact of the global crisis on the sample of Southeastern European countries. The results suggest that in Albania, exports and credit have been significant transmission channels of the global crisis. Interestingly, whereas FDI has a significant but negative impact on growth. In contrast, remittances have a positive but statistically insignificant impact on growth. For the case of Bulgaria, results show that all the variables included in the model are significant. Thus, exports, FDI, openness, remittances and credit are all statistically significant. In addition, all the variables, except openness, affect growth positively. Openness has an inverse relationship with growth. Being more integrated resulted in significant effects of global crisis in Bulgaria. In the case of Croatia, exports are found to be a significant transmission channel of the global crisis, whereas openness has a negative impact on growt. In the case of the new EU member, Romania, FDI, credit and remittances are found to be statistically significant, indicating that being more integrated increased the significance of the global crisis on the growth. The three of them have a positive effect on growth. Exports are statistically insignificant for the growth of Romania. These evaluations show how different crisis transmission channels affect the growth of different economies. It is expected that these findings will be an important source in developing policies that try to minimize the damage and costs of the global financial crisis.
Keywords: Southeastern Europe, Global Financial Crisis, Foreign Direct Investment, Openness, Remittances.
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ÖZ: Ağustos 2007’de patlak veren finansal kriz, yeni bir dönemin başlangıcı ve tarihine büyük finansal kriz olarak işlenmiştir. Birçok iktisatçıya göre bu kriz 1930’ların büyük buhranından sonra en kuvvetli kriz olarak kabul edilmektedir. Bu krizin küresel olması dünyanın değişik bölgelerindeki birçok ekonomiyi değişik şekillerde ve seviyelerde etkilemiştir. Bu tezin amacı küresel finansal krizin etkilerini dört Güneydoğu Avrupa ülkeleri üzerinde incelemek olmuştur. Bu ülkeler Arnavutluk, Bulgaristan, Hırvatistan ve Romanya’dır. Çalışmada 1990-2009 dönemindeki çeyrek zaman serileri tek kök testi, Johansen’in eşbütünlük testi gibi ekonometrik teknikler kullanılarak küresel krizin etkilerini belirlenen ekonomiler üzerinde ölçülmeye çalışılmıştır. Konu testlerin yapılması için öncelikle çalışma belirli küresel kriz etkileşim kanallarını belirlemeye yönelik teorik yaklaşım ve ampirik çalışmaları incelemiştir. Belli sayıda kriz etkileşim kanalları belirlendikten sonra bunları belirlenen ülkelerin ekonomik büyüme performanslarına etkilerinin ne derecede olduğu test edilerek ölçülmeye çalışılmıştır. Farklı yapılardaki ekonomiler, küresel krizden farklı şekillerde etkilendiği bu çalışmada da teyit edilmiştir. Buna göre Arnavutluk özellikle ihracatın ve kredilerin ekonomi üzerindeki etkisi pozitif ve istatistiksel olarak anlamlı bulunurken bu durum doğrudan yabancı yatırımda sonuçlar istatistiksel olarak anlamlı sonuçlar verse de, ekonomik büyüme arasındaki ilişki negatif olarak tespit edilmiştir. Bu sonuçlara göre Arnavutluk ekonomisinin küresel kriz dolayısıyla gerileyen ihracat ve kredileri büyüme üzerinde önemli olumsuz etkiler yaparken, doğrudan yapancı yatırım ekonomik büyümeyi fazla da etkilememiştir. Arnavutluk için diğer ilginç tespit, ekonomisi için önemli olan yurtdışındaki işçi gelirleri yapılan çalışmada istatistikî olarak anlamlı bulunmamıştır. Benzer çalışma sonuçları Bulgaristan için değerlendirildiğinde, kullanılan bütün kriz etkileşim değişkenleri istatistikî olarak anlamlı çıkmış ve beklendiği gibi bu değişkenler ile ekonomik büyüme arasında pozitif bir ilişki tespit edilmiştir. Bulgaristan’ın Avrupa Birliği üyesi olması, küreselleşmede Arnavutluğa göre daha ileri bir aşamada olması nedeniyle, özellikle ihracat, doğrudan yabancı yatırım, yurtdışı işçilerin gelirlerinin krizden dolayı azalması, ekonomik büyümeyi bire bir olumsuz etkilemiştir. Avrupa Birliği ülkesi Romanya’da doğrudan yabancı yatırım, işçi gelirleri ve piyasaya verilen krediler ile ekonomik büyüme arasında anlamlı ve pozitif bir ilişki tespit edilmiştir. Hırvatistan için yapılan çalışma sonucunda ihracat ve ithalatın toplamından oluşan açıklık değişkeni ve ihracat istatistikî olarak anlamlı bulunurken, ekonomi üzerindeki etkileri sırasıyla pozitif ve negatif olarak tespit edilmiştir. Bu tespitlerle, küresel krizin etkileşim kanallarının değişik ekonomilerin ekonomik büyümesine nasıl etki yaptığı belirlenmiştir. Bu bulgular, özellikle küresel krizin maliyetlerini minimize etme yolunda geliştirilecek politikalar için önemli bir kaynak olacağı beklenmektedir.
Anahtar Sözcükler: Güneydoğu Avrupa, Küresel finansal kriz, Doğrudan yabancı yatırım, açıklık, yurtdışı işçi gelirleri.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2010. Supervisor: Assoc. Prof. Dr. Mustafa Besim.Eastern Mediterranean University (EMU)2013-01-03T07:14:09Z2013-01-03T07:14:09Z2010ThesisKopliku, Evisi. (2010). The Impact of the Global Financial Crisis on Southeastern European Economies. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/250en
oai:i-rep.emu.edu.tr:11129/2532016-03-07T08:29:59Zhdl_11129_2203The Legality of NATO Bombing, The Kosovo Declaration of Independence And The Development of International LawBowmanere, Monique ElaebiInternational RelationsKosovo (Serbia) - Politics and GovernmentHuman Rights - Yugoslavia - Serbia - KosovoNorth Atlantic Treaty Organization (NATO) - Yugoslavia - Kosovo (Serbia)Humanitarian Intervention - Human Rights - Sovereignty - Process School - Authoritative Decision MakingABSTRACT: This thesis aims to investigate the implications of the North Atlantic Treaty Organization humanitarian intervention in Kosovo and the consequent declaration of independence of Kosovo in international law. It also seeks to analyze the legality of both cases; while considering the arguments of both proponents and critics of the concept of humanitarian intervention, and the current standing of the International Court of Justice on the declaration of Kosovo independence, with an attempt to illustrate that such international events like that of Kosovo effects changes or at least elements of change in international law. For this reason, The Process School theory of international law will be adopted as a theoretical framework of this thesis. Both the intervention by NATO in Kosovo and the declaration of independence by Kosovo cannot be discussed, one without the other. Surely we would see that NATO’s actions and the declaration of independence by Kosovo came as a result of some process of authoritative decision-making. This thesis concludes that such events as the cases elaborated on prove that international law is indeed a process.
Keywords: humanitarian intervention, human rights, sovereignty, process school, authoritative decision-making.
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ÖZ: Bu tez uluslararası hukuk içerisinde Kuzey Atlantik Antlaşması Örgütü’nün Kosova'daki insani müdahalesini ve bunun sonucunda Kosova'nın bağımsızlığı ilan etmesinin uluslararası hukuk’taki etkilerini araştırmayı amaçlamıştır. Ayrıca her iki durumunda yasaya uygunluğunu hem destekçilerin hem de insani müdahale kavramını eleştirenlerin argümanlarını ve Uluslararası Adalet Divanı’nın Kosova’nın bağımsızlık ilanındakı mevcut pozisyonunu göz önünde bulundurarak analiz etmeyi aramaktadır, ayrıca Kosova gibi uluslararası olayların uluslararası hukuk daki değişikliklerdeki etkisi veya en azindan değişim unsurları olduğu açıklanmaya çalışılmıştır. Bu nedenle uluslararası hukuk’un aşamalı Okul teorisi bu tezin teorik çerçevesi olarak kabul edilmiştir. NATO’nun Kosova’daki müdahalesi ve Kosova’nın bağımsızlığını ilan etmesi ayrı ayrı tartışılamaz. Şüphesiz NATO’nun eylemleri ve Kosova’nın bağımsızlık ilanının yetkili bir karar verme sürecinin sonucu olarak geldiğini görebiliriz. Bu tez detayları verilen olaylardaki kanıtlarla uluslararası hukuk’un gerçekten bir süreç olduğu sonucuna varmıştır.
Kilit sözcükler: insani müdahale, insan hakları, egemenlik, incelen, yetkili karar alma.Master of Arts in International Relations. Thesis (M.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of International Relations, 2011. Supervisor: Assoc. Prof. Dr. Wojciech Forysinski.Eastern Mediterranean University (EMU)2013-01-03T07:56:53Z2013-01-03T07:56:53Z2011ThesisBowmanere, Monique Elaebi. (2011). The Legality of NATO Bombing, The Kosovo Declaration of Independence And The Development of International Law. Thesis (M.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of International Relations, Famagusta: North Cyprus.http://hdl.handle.net/11129/253en
oai:i-rep.emu.edu.tr:11129/2552016-03-07T06:16:47Zhdl_11129_2203The Relationship between Voluntary Turnover and Customer Satisfaction in the Restaurant Business: A Case in Five Restaurants in Famagusta, North CyprusMankaa, Christabell TanifumMarketing ManagementEmployee motivation - Personnel Management - Job Satisfaction - Labor Productivity - Restaurants - Cyprus, NorthABSTRACT: Despite substantial improvement and development in the service industry, a few numbers of researches examine the concepts of voluntary turnover and customer satisfaction and the relationship between the two. Therefore, the purpose of this study is to examine the relationship between voluntary turnover and customer satisfaction in the restaurant business in North Cyprus. A total of 13 hypotheses were developed for to examine this relationship and a total of 517 questionnaires were used which had questions on restaurant location, timely service, cost of services and employee courtesy – for customer satisfaction. Motivation, training, pay, and managerial style were used to measure restaurant employee voluntary turnover. This study’s questionnaires explored the works of Pun and Ho (2001), Gilbert et al. (2004), Kivela et al., (1999), and Hartman and Yrle (1996). In this study, no relationships have been found between the increased tendency of voluntary turnover and restaurant customer satisfaction, restaurant employee motivation and restaurant customer satisfaction, restaurant employee working conditions and restaurant customer satisfaction, restaurant employee training and restaurant customer satisfaction. On the other hand, positive relationships have been found between the physical setting of a restaurant and restaurant customer satisfaction, location of a restaurant and restaurant customer satisfaction, quality of food and restaurant customer satisfaction, restaurant managerial style and restaurant customer satisfaction.
Keywords: Voluntary Turnover, Customer Satisfaction, Restaurant Business, North Cyprus.
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ÖZ: Hizmet sektöründe önemli büyüme ve gelişmeler olmasına rağmen, gönüllü işten ayrılma ve müşteri memnuniyeti ve bu ikisi arasındaki ilişki, çok az sayıdaki çalışmada incelenmiştir. Bundan dolayı, bu çalışmanın amacı, Kuzey Kıbrıs'ta restoran sektöründe gönüllü işten ayrışma ve müşteri memnuniyeti arasındaki ilişkiyi incelemektir. Bu ilişkiyi incelemek için toplam 13 hipotezler geliştirilmiş, bunun yanında müşteri memnuniyeti ölçmek için de yer, zamanında hizmet, hizmet ve çalışan nezaket maliyeti gibi soruların bulunduğu 583 anket restoran müşterilerine dağıtılmıştır. Motivasyon, eğitim, maaş ve yönetim tarzı gibi sorular restoran çalışanlarının gönüllü işten ayrılma eğilimini ölçmek için kullanılmıştır. Bu çalışmada kullanılan anketler, Pun ve Ho (2001), Gilbert ve diğerleri (2004), Kivela ve diğerler (1999) ve Hartman ve Yrle (1996) tarafından geliştirilen anketlerden yararlanılarak geliştirilmiştir. Bu çalışmada, gönüllü işten ayrılma eğiliminin artması ve restoran müşteri memnuniyeti, restoran çalışanlarının motivasyonunu ve restoran müşteri memnuniyeti, restoran çalışanlarının çalışma koşulları ve restoran müşteri memnuniyeti ve restoran personel eğitimi ve restoran müşteri memnuniyeti arasında ilişki bulunmamıştır. Bir diğer yandan, restoran içerisindeki fiziksel koşullar ve restoran müşteri memnuniyeti, restoran yeri ve restoran müşteri memnuniyeti, yemek kalitesi ve restoran müşteri memnuniyeti ve restoran yönetim tarzı ve müşteri memnuniyeti kalitesi arasında olumlu ilişki bulunmuştur.
Anahtar kelimeler: Gönüllü İşten Ayrılma, Müşteri Memnuniyeti, Restoran İşletmeleri, Kuzey Kıbrıs.Master of Arts in Marketing Management. Thesis (M.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Business Administration, 2012. Supervisor: Assist. Prof. Dr. Doğan, Ünlücan.Eastern Mediterranean University (EMU)2013-01-03T08:19:52Z2013-01-03T08:19:52Z2012ThesisMankaa, Christabell Tanifum. (2012). The Relationship between Voluntary Turnover and Customer Satisfaction in the Restaurant Business: A Case in Five Restaurants in Famagusta, North Cyprus. Thesis (M.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Business Administration, Famagusta: North Cyprus.http://hdl.handle.net/11129/255en
oai:i-rep.emu.edu.tr:11129/2582016-03-07T08:30:02Zhdl_11129_2203The Role of the European Union in Promoting Regional Integration in Africa: A Case study of CEMACTago, Daniel Ngu FruInternational RelationsEuropean Union (EU) - Relations - Economic Community of the Central Arfican States (CEMAC)Africa - Economic Conditions - Politics - African UnionABSTRACT: With the creation of the African Union (AU) in the year 2000, came into existence the New Economic Partnership for Africa’s Development (NEPAD) and Regional Economic Communities (RECs). One of such RECs is the Economic Community of Central African States (ECCAS) and six major members of the ECCAS have formed the Economic Community of the Central African States (CEMAC). The AU has stressed several times that regional integration is a prerequisite for the attainment of a ‘United States of Africa’ and the means for a better development on the continent. The European Union (EU) remains the highest contributor to development on the continent today. The EU has done so through forging economic partnerships with each of the RECs (including CEMAC) as well as with each of the member states on the continent. In this connection, in assessing the EU’s contribution towards regional integration in Africa, it shall go a long way towards assessing the EU’s role “as the number one provider of financial aid on the globe”. This has been done through documents analysis, theoretical approaches, contextual and differential analysis. Furthermore, this study shall look as well into how important a monetary union is to the overall development of any region. The EU and CEMAC have this particular characteristic of a monetary union. It therefore concludes with the assertion that “though the EU is a major actor on the African continent, it still needs to foster its presence in the Central African region in particular as well as on the continent as a whole and that a monetary union is a prerequisite for the absolute attainment of regional integration in Africa”.
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ÖZET: Afrika Birliğinin (AU) 2000 yılında oluşumu ile, Afrikanın gelişimi için ‘Yeni Ekonomik Ortaklık’ (NEPAD) ve Bölgesel Ekonomik Topluluklar (RECs) oluşumu meydana gelmiştir. Bölgesel Ekonomik Topluluklardan bir tanesi ‘Merkezi Afrika Ülkeleri Ekonomik Topluluğu (ECCAS) ve altı üye ile bu topluluk CEMAC olarak oluşmuştur. Aftika Birliği (AU) birçok toplantısında bölgesel birleşmenin, ‘Birleşik Afrika Devleti’nin oluşumu ve kıtanın gelişimi ön gereklilik olduğunu önemini vurgulamıştır. Bugün Avrupa Birliği (EU) kendi üyeleri arasında en çok katkıda bulunarak gelişen bir birliktir. Avrupa Birliği (EU) bu başarısını diğer ülkelerle yapmış olduğu Bölgesel Ekonomik Toplolukları, Ana Birliğe dahil etmesiyle olmuştur. Bu bağlamda, Avrupa Birliği (EU) değer paylaşımı yolunda Bölgesel Afrika Birliklerine mali katkıda bulunmaktadır. Bu süreç dökümanların incelenmesi, teorik yaklaşımlar, kontekst ve değişim analiz sonuçlarına göre yapılmaktadır. Bunun ötesinde, bu çalışmanın parasal birlikteliğin bir bölgenin gelişiminde ne kadar önemli olduğunu göstermektedir. Avrupa Birliği ve CEMAC özellikle bu para birliği özelliğine sahiptir.Sonuç olarak bu iddia Avrupa Birliğinin Afrika Kıtası üzerinde esas etkileyici rol oynayan ve bu nedenle orta Afrika bölgelerinin varlığını sürdürebilmesi için önkoşul olarak bölgelerin birliğe dahil edilmesi ve para birliğine geçilmesi öngörmektedir.Master of Arts in International Relations. Thesis (M.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of International Relations, 2009. Supervisor: Assoc. Prof. Dr. Wojciech Forysinsky.Eastern Mediterranean University (EMU)2013-01-03T11:24:37Z2013-01-03T11:24:37Z2009ThesisTago, Danıel Ngu Fru. (2009). The Role of the European Union in Promoting Regional Integration in Africa: A Case study of CEMAC. Thesis (M.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of International Relations, Famagusta: North Cyprus.http://hdl.handle.net/11129/258en
oai:i-rep.emu.edu.tr:11129/2592016-03-07T06:18:34Zhdl_11129_2203The Role of the Stock Market and the Banking Sector in the Iranian Economy: Evidence from Time Series Data, 1967-2009Athari, AlirezaBusiness AdministrationStock Exchanges - IranFinancial Services Industry - IranEconomic Growth - OLS Analysis - Stock Market - Banking System - Iranian EconomyABSTRACT: This thesis empirically investigates the relationship between the financial development and economic growth during the period between 1967- 2009 for the Iranian economy. In the light of exogenous modelling framework, the ‘Augmented Solow’ regression model is employed whether the financial or banking system stimulates the process of economic growth. The Ordinary Least Square (OLS) technique is applied to test the determinants of financial development which may have an impact on the Iranian economic growth. Based on the empirical results estimated, explanatory power supports the view that financial sector can be a good promoter of domestic economy in both long and short run. Additionally, stock market prices (volatility) have a negative influence on the Iranian output and suggest that volatility in stock prices may reflect economic
ambiguity. Banking sector indicator was also found that it is so effective in the shortrun period.
Keywords: Economy growth, OLS Analysis, Stock market, Banking system, Iranian economy.
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ÖZ: Yapılan çalışma Ampirik olarak İran ekonomisindeki bankacılık ve menkul kıymetlerin Borsanın rolünü ölçmektedir. Bu rolü ölçerken ekonomik büyümenin borsa stok değerleri, stok fiyatlarının ve yerel banka kredilerinin ne kadar anlamlı olup olmadığına bakar. En Küçük Kareler tekniği kullanılarak Solow büyüme modeli üzerinden yıllık verileri alınarak 1967-2009 arası dönem için finansal politikalarının rolünü ölçmeye çalışır. Çalışma, aynı zamanda kullanılan Solow modelinin
anlamlılığını da ortaya koymaya çalışıyor. Elde edilen ampirik sonuçlar ışığında, borsanın İran ekonomisi üzerinde önemli rol oynadığı gözlenmektedir. Stok fiyatlarının (dalgalanmanın) ekonomi üzerinde olumsuz bir etkisi görülmemektedir. Ayrıca, İran ekonomisinde, bankacılık sektörü ise kısa dönemde etkili bulunmuştur.
Anahtar kelimeler: Ekonomik büyüme, En küçük kareler yöntemi, Borsa, Bankacılık, İran ekonomisi.Master of Business Administration in Business Administration. Thesis (M.B.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Business Administration, 2011. Supervisor: Assoc. Prof. Dr. Sami Fethi.Eastern Mediterranean University (EMU)2013-01-03T11:32:44Z2013-01-03T11:32:44Z2011ThesisAthari, Alireza. (2011). The Role of the Stock Market and the Banking Sector in the Iranian Economy: Evidence from Time Series Data, 1967-2009. Thesis (M.B.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Business Administration, Famagusta: North Cyprus.http://hdl.handle.net/11129/259en
oai:i-rep.emu.edu.tr:11129/2612016-03-07T08:30:04Zhdl_11129_2203The United States-Russian Relations in post-Cold War Era: the Hidden Cold War in South-Caucasus (1991-2008)Beridze, ElchinInternational RelationsUnited States - Foreign Relations - Russia -1991-2008Cold WarABSTRACT: The thesis is going to analyze the United States-Russian Relations during the post-
Cold War Era with implications for South-Caucasus, since the dissolution of the Soviet Union. It is believed that in post-Cold War international relations, particularly in South-Caucasus, there is still a fundamental political antagonism between the United States and Russian Federation. Hence, the core questions that the thesis will try to examine are the main reasons behind this rivalry between US and Russia. A clear demonstration of this enmity between two sides became obvious after the war between Georgia and Russia in last summer of 2008. In addition, the reasons and consequences of the war between Russia and Georgia in summer 2008 will be mentioned. Georgia is a country that falls into the Russian “near-abroad” foreign policy goal. Inevitably, it will include the revived form of classical strategy of US called “neo-containment” of Russia on/over its expansionistic strategy of sphere of influence in post-Cold War era. Of course it is impossible not to mention the reasons behind the US’ strategy of containing Russia, whereby, it was formulated as a reaction to Russia’s intention to recover Russia’s greatness in world affairs and the 1expansion of its spheres of influence into the “near-abroad” at the expense of its neighbor states. As a result of the disintegration of the USSR, (Union of Soviet Socialist Republics), three NIS’s (Newly Independent States) emerged in the South Caucasus; Azerbaijan, Armenia and Georgia. However, these three states faced enormous political, economic and military challenges. Hence, in this context, the political, military, energy, socio-ethnic and economic developments in the South Caucasus will be observed, particularly Georgia as a case study. Within these parameters indicated above, US, Russian and Georgian foreign policies will be examined in the Post Cold war era. Considerations will be given mainly to the policies taken during George W. Bush’s and Vladimir Putin’s administrations i.e. (2000-2008).
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ÖZET: Bu tez soğuk savaş sonrası dönemde Sovyetler Birliği dağıldıktan sonra Birleşik Devletler- Rus ilişkilerinin Güney Kafkasya’ya olan etkilerini incelemektedir. Soğuk savaş sonrası uluslararası ilişkilerde Birleşik Devletler ve Rusya Federasyonu arasında köklü siyasi husumet devam etmektedir. Tezin inceleyeceği ana konu Birleşik Devletler ve Rusya arasındaki çekişmenin sebepleridir. İki taraf arasındaki bu çekişmenin en belirgin göstergesi 2008 yazındaki Rus-Gürcü savaşıdır. Tez bu savaşın sebeplerini ve sonuçlarını incelemektedir. Gürcistan, Rusya’nın ‘yakın çevre’ dış politika amaçlarından etkilenen bir ülkedir. Kaçınılmaz olarak tez soğuk savaş sonrası dönemde Rusya’nın etki alanındaki genişlemeci politikası ve ABD’nin klasik stratejisi olan çevreleme politikasının yeniden doğan şekli olan ‘yeni-çevreleme’ politikasının Rusya üzerindeki etkisini içerecektir. Rusya’nin dünya siyasetindeki güçlü yerini yeniden kazanma niyetine ve komşu devletlerin aleyhine gelişmekte olan ‘yakın çevre’deki etki alanlarına karşı genişlemeci politikasına karşı tepki olarak gelişen ABD’nin Rusya’yi çevreleme politikasının sebeplerini incelemek tezin olmazsa olmazlarındandır. Sovyet Sosyalist Cumhuriyetler Birliği’nin yıkılması sonucunda Güney Kafkaslarda üç tane yeni bağımsız devlet doğmuştur. Bu devletler Azerbaycan, Ermenistan ve Gürcistan’dir. Bağımsızlıklarından sonra üç ülke de ciddi siyasi, ekonomi ve askeri zorluklarla karşılaşmıştır. Bu bağlamda Güney Kafkasya’da ve örnek olay incelemesi olarak da Gürcistan’daki siyasi, askeri, sosyo-etnik, ekonomik ve enerji ile ilgili gelişmeler incelenecektir. Yukarıda belirtilen parametreler ışığında soğuk savaş sonrası dönemdeki Birleşik Devletler, Rus ve Gürcü dış politikaları incelenecektir. Çalışma özel olarak George W. Bush ve Vladimir Putin dönemlerindeki (2000-2008) politikalara odaklanacaktır.Master of Arts in International Relations. Thesis (M.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of International Relations, 2009. Supervisor: Assoc. Prof. Dr. Erik Lance Knudsen.Eastern Mediterranean University (EMU)2013-01-03T11:50:42Z2013-01-03T11:50:42Z2009ThesisBeridze, Elchin. (2009). The United States-Russian Relations in post-Cold War Era: the Hidden Cold War in South-Caucasus (1991-2008). Thesis (M.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of International Relations, Famagusta: North Cyprus.http://hdl.handle.net/11129/261en
oai:i-rep.emu.edu.tr:11129/2632016-03-07T06:18:40Zhdl_11129_2203Tourism demand in North Cyprus Economy: Evidence from a demand model over the time period 1999Q1-2009Q4Gözel, DamlaBusiness AdministrationTourism - Cyprus, NorthTourism Demand Model - North Cyprus Economy - Co Integration - Unit Root - OLS Technique - Income and Price ElasticityABSTRACT: This thesis empirically investigates the effect of world income and the relative price of tourism in North Cyprus economy based on demand for export of tourism. I conduct Engel- Granger Co-integration and unit root Augmented Dickey-Fuller (ADF) test using a sample of quarterly data covering the period 1999-2009. The Augmented Dickey-Fuller (ADF) test indicates that the variables in question are all non-stationary in levels but stationary in first differences whereas a residual-based cointegration (Engel-Granger) technique shows that there is an existence of a longrun relationship among the variables. Error correction modeling framework also indicates the relationship between quantity of export and its determinants in the short-run. It is found that ratio of price indexes has negative impact on the quantity of exports of tourism demand which stimulates export quantity of demand as ratio of domestic price to world price goes down for both long and short-run periods. The exchange rate used in both periods has a negative influence on export quantity of demand. This advises that a decrease in the exchange rate causes an increase in export quantity of demand. It is also estimated that positive significant nexus exists between world income and export quantity of demand. This evidence suggests that
an increase in world income or nation’s wealth contributes to export quantity of demand for the North Cyprus economy.
Keywords: Tourism demand model, North Cyprus economy, co integration, unit root, OLS technique, income and price elasticity.
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ÖZ: Yapılan bu tez çalışması ampirik olarak Kuzey Kıbrıs ekonomisinde dünya gelirleri, nispi fiyat endeksi ve döviz kuru endeksi arasındaki ilişkiyi ölçmektedir. Bu ilişkiyi ölçerken turizm ihracatı talep fonksiyonu ele alınmaktadır. Eş bütünleme ve birim kök analizleri uygulanarak yukarıda belirtilen ilişkinin rolü ölçülmeye çalışılmıştır. Yapılan durağanlık ve eşbütünleme analizleri ışığında serilerin durağan olmadığına, ancak eşbütünleşik seriler olduğuna karar verilmiştir. Çalışma, aynı zamanda kullanılan ilgili modelin doğruluğunu da ortaya koymaya çalışmıştır. Elde edilen ampirik sonuçlarda, hem uzun hem de kısa dönemde, nispi fiyat endeksinin turizm ihracatı talebi üzerinde negatif etkisi olduğu görülüyor. Ampirik sonuçlarda döviz kuru endeksinin Kuzey Kıbrıs ekonomisi üzerinde büyük ve negatif etkisi olduğu ölçülerek belirtilmiştir. Aynı zamanda, dünya gelir oranlarının turizm ihracatı talebi üzerinde pozitif etkisi bulunmuştur. Ampirik bulgular bir ülkenin turizminin artmasının dünya gelir düzeyinin artmasına ve yerel tüketici fiyat endekslerinin azalmasına birebir bağlı olduğunu ortaya koymaktadır.
Anahtar Kelimeler: Turizm talep modeli, Kuzey Kıbrıs ekonomisi, eş bütünleme,
birim kök, en küçük kareler yöntemi, fiyat ve gelir esnekliği.Master of Business Administration. Thesis (M.B.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Business Administration, 2011. Supervisor: Assoc. Prof. Dr. Sami Fethi.Eastern Mediterranean University (EMU)2013-01-04T07:09:32Z2013-01-04T07:09:32Z2011ThesisGozel, Damla. (2011). Tourism demand in North Cyprus Economy: Evidence from a demand model over the time period 1999Q1-2009Q4. Thesis (M.B.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Business Administration, Famagusta: North Cyprus.http://hdl.handle.net/11129/263en
oai:i-rep.emu.edu.tr:11129/2792016-03-06T11:04:25Zhdl_11129_2203Impact of IT on Business: eWOM and the Three W’s (Who, Why and What)Abubakar, Abubakar MohammedBusiness AdministrationMarketing ManagementBusiness - Information TechnologyWord-of-Mouth AdvertisingMobile Communication SystemsHypermedia - Electronic - Word-of-Mouth - Platforms - Online Reviews - Poster - LurkersABSTRACT: Recent trends in technology and hypermedia has resulted in the increased use of internet as source of information by consumers. Electronic-word of-mouth (eWOM) is a non-verbal form of communication about product and/or services posted and accessed on websites by consumers around the globe. eWOM platforms are places where the actual non-verbal statements are shared which includes consumer-to-consumer sites (C2C), forums, blogs and social sites; typical examples are eBay, gittigidiyor.com and berbathoca.com. Nowadays eWOM is consider as the most trusted and influential source of information for consumers; because consumers like to hear the opinion of others especially those who had experiences with the product and/or service before purchase.
This study attempts to analyze the three W’s (Who, Why and what). Who post/seek the eWOM? Why they post/seek eWOM? What kind of eWOM they post/seek? And the influence on consumer purchase intentions. Personal interview approach was used to collect data from a sample of 130 respondents, with varying levels of expertise with eWOM platforms and online communities. eWOM is a powerful marketing tool that allows marketing managers to reach and listen to customers. The main aim of this thesis is to help marketing managers develop strategies for their organizations to benefit effectively from eWOM platform opinions.
Keywords: Hypermedia, Electronic-word-of-mouth, Platforms, Online reviews, Poster, lurkers.
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ÖZ: Son yıllarda ki teknoloji ve hipermedya kullanımının tüketiciler tarafından arttığı internet kaynaklarında sonuçlanmıştır. Elektronik-, sözlü (eWOM) bir sözel olmayan iletişim biçimi olan ürün veya hizmetleri deftere nakledilen ve dünyadaki tüketiciler tarafından kolayca erişilebilen web sitelerinde kullanıcılar tarafından görüntülenebilen bir iletişimdir. eWOM platformları tüketici-müşteri siteleri (C2C), forumlar, bloglar ve sosyal siteleri içeren gerçek sözel olmayan ifadelerin paylaşıldığı yerlerdir.eBay, gittigidiyor.com ve berbathoca.com bu sitelere verilebilecek birkac tipik örnektir. Bugünlerde eWOM tüketiciler için güvenilir ve etkili bilgi kaynağı olarak görülmektedir çünkü tüketiciler alacakları ürün veya görecekleri servis karşısında daha önceden tecrübe sahibi olan insanlardan bilgi sahibi olmayı ve onlardan öneri duymayı istemektedirler. Bu çalışma üç W analizi olarak adlandırılan kim (who), neden (why) ve ne (what) sorularını analiz etmektedir. eWOM da yazanlar kim/okuyanlar kim? Neden yazıyorlar/neden okuyorlar? eWOM da ne çeşit bilgiler yazılıyor/okunuyor? Aynı zamanda tüketicilerdeki satın alma etkileri nelerdir? eWOM platformları için uzmanlık düzeyinde bir sonuç elde etmek amacıyla çevrimiçi topluluklar ile 130 katılımcının görüş ve yaklaşımları değerlendirilmiştir. eWOM müşterilere ulaşmak ve pazarlama yöneticileri sağlayan, güçlü bir pazarlama aracıdır. Bu tezin ana amacı, pazarlama Yöneticilerinin ve kuruluşlarinin eWOM platformu görüşleri için işe yarar stratejiler geliştirmeye yardimci olmaktir.
Anahtar kelimeler: Hipermedya, Elektronik word-of-mouth, Platform, Açık görüşler, Yazıcı, Okuyucu.Master of Arts in Marketing Management. Thesis (M.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Business Administration, 2012. Supervisor: Assoc. Prof. Dr. Mustafa İlkan.Eastern Mediterranean University (EMU)2013-01-08T06:50:44Z2013-01-08T06:50:44Z2012ThesisAbubakar, Abubakar Mohammed. (2012). Impact of IT on Business: eWOM and the Three W’s (Who, Why and What). Thesis (M.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Business Administration, Famagusta: North Cyprus.http://hdl.handle.net/11129/279en
oai:i-rep.emu.edu.tr:11129/2922016-03-06T10:20:46Zhdl_11129_2203Forecasting Foreign Exchange Market Trends: Is Technical Analysis Perspective Successful?Roudgar, EsmaeilBanking and FinanceForeign ExchangeForex Market - Foreign Exchange Forecasting Strategies - Technical Analyis - Reversal Pattern Model - Common IndicatorsABSTRACT: Foreign exchange market or FOREX is the biggest and the most liquid financial market in the world. According to the BIS latest report announced in December 2010, the volume of daily transactions in this market is about $3.98 trillion. Volatility dominated in this market made it a complicated business for policy makers and consequently caused investors and speculators to be very cautious in their trading strategies. The thesis investigates the reliability of technical analysis for forecasting the accurate price and trend direction in the FOREX market. The analysis was carried out for a period of two months. Due to existence of high fluctuations with exchange rates, investors choose technical analysis in order to minimize the risk associated with the market and finally find currency pairs’ price movement. In order to carry out the test, the research employs some of the common indicators and tools provided by brokerage companies in the transactional platform of Meta Trader 4. These indicators are examined together in order to send different types of signals to traders to identify the price reversal pattern configuration. Technical analysis test confirms to be a reliable instrument for forecasting the market trend. The results show that 63.34% of total transactions faced with profit; 46.67% in daily and the rest 16.67% in weekly trading. The test has also found that technical analysis is not very reliable for monthly forecasting. Keywords: forex market, foreign exchange forecasting strategies, technical analysis, reversal pattern model, common indicators.
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ÖZ: Döviz piyasası (FOREX), dünyanın en büyük ve likit piyasasıdır. BIS’in Aralık 2010’daki raporuna göre, FOREX‟teki günlük işlem hacmi 3.98 trilyon ABD dolarıdır. Bu pazarda hakim olan oynaklık ve dalgalanma, tedbir alınmasını çok karmaşık ve zor bir hale getirmesinden dolayı piyasada bulunan yatırımcı ve spekülatörlerin çok dikkatli işlem yapmasını gerektirir. Bu çalışmada doğru fiyat (kur) tahmini için teknik analizin güvenilirliğini ve FOREX piyasasındaki yönünü araştırıldı. Test ve analiz iki aylık süreyle gerçekleştirildi. Döviz kurlarındaki yüksek dalgalanmalardan dolayı, yatırımcılar piyasadaki riski en aza indirmek ve paritelerdeki fiyat hareketlerini bulmak için teknik analiz kullanmaktadırlar.Testi gerçekleştirmek amacıyla, aracı kurumlar tarafından sağlanan Meta Trader 4 işlem platformundaki ortak göstergeler ve araçlar kullanıldı. Piyasadaki yatırımcılara farklı sinyaller göndermek ve fiyat dönüş formasyonunu tanımlamak maksadıyla, tüm bu göstergeler birlikte incelenmiştir. Teknik analiz testi, piyasadaki trendi tahmin etmek için güvenilir bir araç olduğunu doğrulamaktadır. Sonuçlar % 63.34’lük kar oranı sonucuna ulaşılmış ve bunun % 46.67’si günlük, geriye kalan %16.67’si ise haftalıktır. Test aynı zamanda teknik analiz yönteminin aylık tahmin için çok güvenilir olmadığını tespit etmiştir.
Anahtar Kelimeler: döviz (forex) piyasası, döviz tahmin stratejileri, teknik analiz, ortak göstergeler.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2012. Supervisor: Assoc. Prof. Dr. Mustafa Besim.Eastern Mediterranean University (EMU)2013-01-08T13:09:33Z2013-01-08T13:09:33Z2012ThesisRoudgar, Esmaeil. (2012). Forecasting Foreign Exchange Market Trends: Is Technical Analysis Perspective Successful?. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/292en
oai:i-rep.emu.edu.tr:11129/2932016-03-07T08:25:06Zhdl_11129_2203The Efficacy of the Nuclear Non-Proliferation RegimeAsadov, NihalInternational RelationsNuclear NonproliferationNuclear Arms Control - IranNuclear Weapons - Nuclear Non - Proliferation Regime - NPT - Iran CaseABSTRACT: The proliferation of nuclear weapons is a serious threat to international security and peace. Particularly, the case of Iran and recent processes including the Seoul Nuclear Security Summit are illustrating the importance of nuclear non-proliferation regime in international affairs. This regime, for more than forty years, aims to provide services for the prevention of proliferation and use of nuclear weapons. The IAEA and the Review Conferences - meetings held once every five years – are trying to be providers of the nuclear weapon-free world and barometers of the health of the non-proliferation regime. The aim of this thesis is to assess the effectiveness of the NPT regime. The analysis of the regime in this thesis is guided by the regime theory, international law and politics, identifying and interpreting applicable rules and norms establishing the nuclear non-proliferation regime and assessing how well enforcement of the regime is carried out and what its future reform might be. The observations which are developed in this thesis are that the states have to be very accurate in meeting the conditions of the NPT regime for its effectiveness. The main two principles which should be the priorities for the actors of NPT regime and the effectiveness of this regime are preventing of the acquisition and reducing of nuclear weapons by new states and peaceful use of nuclear energy by non-nuclear-weapon states. The present thesis strongly notes that only in the case of applying and using the nuclear materials, equipment and technologies obtained by non-nuclear states for peaceful purposes and strengthening the efforts for the reducing of such weapons by all nuclear weapon states can reach the effective non-proliferation regime.
Keywords: nuclear weapons, Nuclear Non-Proliferation Regime, NPT, Iran case.
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ÖZ: Nükleer silahların yayılması uluslararası güvenlik ve barış için ciddi bir tehdittir. Özellikle, İran durumu ve Seul Nükleer Güvenlik Zirvesi de dâhil olmak üzere uluslararası ilişkilerin son süreçleri, nükleer silahların yayılmasını önleme (NSYÖ) rejiminin önemini tarif etmektedirler. Kırk yıldır bu rejim nükleer silahların yayılması ve kullanımının önlenmesi için hizmet vermeyi amaçlamaktadır. UAEK ve toplantıları her beş yılda bir kez yapılan Gözden Geçirme Konferansları nükleer silahtan özgür dünyanın sağlayıcıları ve bu silahların yayılmasını önleme rejiminin sağlık barometreler olmaya çalışıyorlar. Bu tezin amacı NSYÖ rejiminin etkinliğini değerlendirmektir. NSYÖ rejiminin kurulması yürürlükteki kurallar ve normları belirleme ve rejimin uygulanmasının ne kadar iyi yapılması ve gelecek reformunun ne olabileceğini değerlendirmek amacıyla tezde rejiminin analizi rejim teorisi, uluslararası hukuk ve siyaset tarafından yönlendirilir. Bu tez çalışmasında geliştirilen gözlemler devletlerin NSYÖ rejiminin etkinliği için rejimin sunduğu koşulların gerçekleştirilmesinde çok hassas olmalarını gerektiriyor. NSYÖ rejiminin etkinliği için aktörlerin iki ana öncelikleri olmalıdır; nükleer silahların azaltılması, yeni devletler tarafından satın alınmasının önlenmesi ve nükleer silah sahibi olmayan devletler tarafından nükleer enerjinin barışçıl kullanımı. Tez güçlü bir şekilde nükleer silahı olmayan devletler tarafından elde edilen nükleer maddelerin, donanım ve teknolojinin barışçıl amaçlarla kullanılması durumunda ve tüm nükleer silah devletleri tarafından bu silahların azaltılması için çabaların güçlendirilmesi halinde NSYÖ rejiminin etkili bir hale gele bileceğini belirtiyor.
Anahtar Kelimeler: nükleer silah, Nükleer Silahların Yayılmasını Önleme Rejimi, NSYÖ Antlaşması, İran durumu.Master of Arts in International Relations. Thesis (M.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of International Relations, 2012. Supervisor: Assoc. Prof. Dr. Wojciech Forysinski.Eastern Mediterranean University (EMU)2013-01-08T13:22:22Z2013-01-08T13:22:22Z2012ThesisAsadov, Nihal. (2012). The Efficacy of the Nuclear Non-Proliferation Regime. Thesis (M.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of International Relations, Famagusta: North Cyprus.http://hdl.handle.net/11129/293en
oai:i-rep.emu.edu.tr:11129/2962016-03-05T21:13:17Zhdl_11129_2203A Cost Benefit Analysis of Two Alternative Traffic Lights Systems for the Colourful City of ZamzamMachimbirike, AlexiousBanking and FinanceZamzam - Project - Traffic Lights System - Cost Benefit AnalysisColourful City - Traffic Lights Project - Stakeholders - RisksABSTRACT: Zamzam Infrastructure Bank has been approached by the country’s third largest city to finance the upgrading and expansion of its traffic lights system. Since the project is social in nature, the Bank intends to justify the borrowing on the basis of Colourful City’s ability to service the loan from its consolidated cash flows. A pre-requisite however, is the need to confirm the project’s socio-economic viability through economic cost benefit analysis. The Bank assessed and is satisfied with council’s ability to pay the loan. This thesis examines the merits of undertaking project on the basis of its economic and social impacts as well as choosing a cost effective option of procuring it. The project can be procured through Solar Powered or Alternative Current (AC) Powered traffic lights both with twelve hour battery backup. In undertaking cost benefit analysis reliance was placed on, amongst other information sources, traffic studies, traffic counts, accident statistics, power outage statistics and cloud cover statistics obtained from relevant institutions as well as case studies on BLEG Electricity Project and Kampala Hilton Hotel Project. The economic analysis showed that the AC powered option is more cost effective as it has a higher Economic Net Present Value of $5.1 million when compared to $4.7 million for solar power option. All road users, heavy vehicles users, light vehicles users and Government benefit from project in that ranking order. Risk analysis shows that project is not sensitive to power cuts, cloud cover and battery life. Although sensitive to annual growth in traffic and minimum wage rate, the risk parameters do not pose a significant threat to the economic viability of the project.
Keywords: Colourful city, traffic lights project, stakeholders, risks.
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ÖZ: Zamzam altyapı bankasına ülkenin en büyük üçüncü şehri tarafından trafik ışıkları sisteminin yenilenmesi ve genişletilmesi için yaklaşılmıştır. Bu sosyal bir proje olmasına rağmen banka bu renkli şehrin konsolide nakit akımlarının aldıkları krediyi karşılamada yeterli olduğunu doğrulamak istemiştir. Bu nedenle öncelik, faydamaliyet analiziyle projenin geçerliliğini onaylamaktır. Banka, konseyin krediyi geri ödeyebilirliğini değerlendirip, yeterli buldu. Bu tez projenin sosyal ve ekonomik etkilerine bakarak uygun maliyetli seçeneklerle uygulanmasını inceler. Bu proje 12 saat yedek güç destekli güneş enerjili veya güçlü alternatif akımlı trafik ışıklarıyla uygulanabilir. Fayda-maliyet analizleri yapılırken kullanılan kaynaklar, trafik çalışmaları, kaza statistikleri, elektrik kesintisi statistikleri ve bulut statistikleri ilgili kurumlardan elde edilmiştir. Ekonomik analizler güçlü alternatif akım seçeneğinin güneş enerjisi seçeneğinden daha faydalı olduğunu ekonomik net bugünkü değerlerini karşılaştırarak ortaya koymuştur. Güçlü alternatif akımın ekonomik net bugünkü değeri $5.1 milyon Dolar’ken güneş enerjisinin ekonomik net bugünkü değeri $4.7 milyon bulunmuştur. Risk analizleri projenin elektrik kesintilerine, bulutlara ve pil ömrüne duyarlı olmadığını göstermiştir. Proje trafikteki yıllık gelişmeye ve minimum ücrete duyarlı olmasına rağmen risk faktörleri projenin ekonomik geçerliliğine tehdit oluşturmamaktadır.
Anahtar Kelimeler: Renkli Şehir, trafik ışıkları projesi, paydaşlar, riskler.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2012. Supervisor: Prof. Dr. Glenn P. Jenkins.Eastern Mediterranean University (EMU)2013-01-08T14:26:48Z2013-01-08T14:26:48Z2012ThesisMachimbirike, Alexious. (2012). A Cost Benefit Analysis of Two Alternative Traffic Lights Systems for the Colourful City of Zamzam. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/296en
oai:i-rep.emu.edu.tr:11129/2972016-03-05T21:16:48Zhdl_11129_2203Adoption of Internet Banking in United Arab EmiratesAshraf, GulfamBanking and FinanceBanks and Banking - Internet Banking - United Arab EmiratesBanks and Banking - Computer Network ResourcesInternet Banking - Conventional BankingABSTRACT: Comparing internet banking with conventional banking in United Arab Emirates is the main purpose of this thesis. Internet banking services have been greatly expanded and are greatly used in United Arab Emirates. This study will try to answer our question that which one of the banking system is more profitable; hence which one of United Arab Emirates banks are using. They will use more of the system in order to maximize their profitability. In this study financial ratios are used and are particularly used to evaluate the banks in checking the performance of the two systems. For the process of evaluation, we will use E-views software which helps us in making the hypothesis in regards to t-test, f-test and regression analysis.
Keywords: Internet Banking, Conventional Banking.
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ÖZ: Bu çalışmanın amacı internet bankacılığının birleşik arap emirlikleri bankacılık sisteminde uygulannması ve karlılık üzerinde etkileridir. Bankacılık sisteminin gelişimini 7 tane ticari bankayı ele alarak 2005-2011 yılları arasındaki performansları bilanço ve gelir gider tabloları incelenmiştir. Performanslar ampirik çalışmlara sonucunda irdelenmiş ve bankaların internet adaptasyonun banka performanslarını ne şekilde etkilediği incelenmiş ve internet kullanımının banka büyüklüğü ve karlılıkla doğru orantılı olduğu görülmektedir.
Anahtar kelimeler: Internet Bankacılığı, Geleneksel Bankacılığı.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2012. Supervisor: Assoc. Prof. Dr. Nesrin, Özataç.Eastern Mediterranean University (EMU)2013-01-08T14:37:45Z2013-01-08T14:37:45Z2012ThesisAshraf, Gulfam. (2012). Adoption of Internet Banking in United Arab Emirates. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/297en
oai:i-rep.emu.edu.tr:11129/2982016-03-06T10:59:06Zhdl_11129_2203An Econometric Analysis of Determinants of Economic Growth in Crisis Countries of European UnionBetyak, OlgaBusiness AdministrationEconomic Conditions - EuropeEconometrics - Analysis - Crisis Countries - European UnionGDP Growth Rate - Eurozone - Savings - Investments - Inflation - Trade OpennessABSTRACT: This study investigates the impact of several macroeconomic variables on economic growth of five selected European countries which are considered to be ‘crisis countries’ of the European Union: Portugal, Ireland, Italy, Greece and Spain. The sample period of the analysis is 1986-2010. The econometric and policy related results of the study are presented in three parts: the first part focuses on presentation and discussion of econometric results regarding the relationship between growth rate of GDP and each one of the selected macroeconomic parameters, namely the domestic investment rate, domestic saving rate, inflation rate and trade openness. The estimation results are based on both individual country regressions and pooled regression analysis. In the second part a comparative analysis of the historical averages of the main macroeconomic indicators of each country is carried out for pre and post Euro periods. Specifically the alteration of GDP growth rate, domestic investment and saving rate, inflation rate, trade openness, budget balance of the government, central government debt and unemployment rate is analyzed. Finally in the last part key economic policies implemented in each country over the sample period (1986-2010) are discussed.
Results suggest that domestic investment and saving rates are positively associated with GDP growth rate for each country in the sample. On the other hand estimation results regarding the effects of inflation rate and trade openness are mixed. While in the cases of Portugal, Italy, Ireland and Spain inflation rate has been found to be positively correlated growth rate of GDP, in Greece inflation seems to have had negative effect on economic growth. Trade openness has been found to be positively related to GDP growth in Portugal, Italy and Spain, in Ireland and Greece its association with economic growth (contrary to theoretical expectation) seems to be negative. Finally, the comparative analysis of data for each country has suggested that there is no marked improvement in the macroeconomic performance in the post-Euro period relative to pre-Euro period.
Keywords: GDP growth rate, Eurozone, savings, investments, inflation, trade openness.
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ÖZ: Bu çalışmada Avrupa Birliği üyesi ve özellikle ‘kriz ekonomileri’ olarak biliren beş Avrupa ülkesinde bazı temel makro değişkenlerin ekonomik büyüme üzerindeki etkileri araştırılmıştır. Bu ülkeler sırasıyla Portekiz, İrlanda, İtalya, Yunanistan ve İspanyadır. Çalışmanın veri tabanını öluşturan zaman devresi 1986-2010’dır. Bu çalışmanın gerek ekonometrik, gerekse politika analizlerine ilişkin temel bulguları üç ana kısımda irdelenmiştir. İlk kısımda G.S.Y.İ.H’nin büyüme hızı ile ulusal yatırım ve tasarruf oranları, enflasyon oranı ve dışa açıklık oranı arasındakı ilişkileri analiz eden ekonometrik sonuçlar ifade edilmiş ve irdelenmiştir. Regresyon analizleri hem ülke bazında, hem de ‘havuzlanmış veri’ tekniği ile elde edilmiş ve irdelenmiştir. Çalışmanın ikinci kısımda ise çalışmaya konu olan ülkelerin Euro kullanımı öncesi ve sonrası dönemlerde temel makroekonomik göstergelerinin tarihsel ortalamaları karşılaştırmalı olarak analiz edilmiştir. Son kısımda ise bu ülkelerde 1980’lerden 2010’a kadar uygulanmış olan temel ekonomik politikalar incelenmiştir. Ekonometrik sonuçlar, her ülkede ulusal yatırım ve tasarruf oranlarının G.S.Y.İ.H’nin büyüme hızı ile pozitif ilişki içerisinde olduğunu gösterirken, enflasyon ve dışa açıklık oranlarına ilişkin sonuçlar ise bazı ekonomilerde teorik beklentilerin dışında bulgular içermektedir: Portekiz, İtalya, İrlanda ve İspanyada enflasyon oranı ve G.S.Y.İ.H’nin büyüme hızı arasında pozitif korelasyon olduğu gözlemlenirken, Yunanistan’da ise yüksek enflasyonun ekonomik büyüme üzerinde olumsoz etkisi olduğu bulgulanmıştır. Buna paralel olarak dışa açıklık oranı Portekiz, İtalya ve İspanya büyüme hızını olumlu etkilerken, İrlanda ve Yunanistan’da ise bu ilişkinin (teorik beklentilere ters olarak) negatif olduğunu regresyon sonuçları göstermiştir. Ve son olarak ülkelerin Euro kullanımından önce ve sonrasına ilişkin ekonomik analizleri, çalışmaya konu olan ülkelerde Euro’ya geçisten sonraki dönemde makroekonomik performansta belirgin bir iyileşme olmadığı ortaya konmuştur.
Anahtar Kelimeler: G.S.Y.I.H. büyüme oranı, Euro bölgesi, tasarruflar, yatırımlar, enflasyon, dışa açıklılık.Master of Business Administration in Business Administration. Thesis (M.B.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Business Administration, 2012. Supervisor: Prof. Dr. Serhan Çiftçioğlu.Eastern Mediterranean University (EMU)2013-01-09T06:46:45Z2013-01-09T06:46:45Z2012ThesisBetyak, Olga. (2012). An Econometric Analysis of Determinants of Economic Growth in Crisis Countries of European Union. Thesis (M.B.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Business Administration, Famagusta: North Cyprus.http://hdl.handle.net/11129/298en
oai:i-rep.emu.edu.tr:11129/2992016-03-05T21:22:10Zhdl_11129_2203Feasibility Study of Production of Steel (Billet) and Sponge Iron in IranHazrati, Ebrahim M.Banking and FinanceIron and Steel Industry - IranBillet - Sponge Iron - Investment Appraisal - Sensitivity Analysis - Risk AnalysisABSTRACT: Nowadays, regarding the economic growth of developing countries the need for steel production has increased considerably. Iran as one of the big consumers of steel can be a good place for undertaking projects for Steel and Sponge Iron factories. As Iran has God-given relative advantage in this product, this research’s aim is do a feasibility study on building a steel and sponge iron factories (raw material for steel). The research looks into to examining whether the financial viability of such investment would be profitable or not. The study tests the impact of establishing steel factories from investor’s point of view. The thesis undertakes a financial analysis when NPV and IRR are conducted. In addition, the thesis measures the riskiness of the project through sensitivity analysis and risk analysis. The software which the paper employed in testing process is Excel and Crystal Ball which are common tools in feasibility study of projects. The paper tested investment criteria for one middle scale factory in order to give a better idea to different users of the result of the study. Bankers and owner perspectives being profitable project, means that project attracts investor to invest in this field of industry. Based on results, NPV and IRR were obtained 10,431,069 million Rial and 42.4%, respectively. The results of the analysis indicate that the investment can be a profitable project for both domestic as well as foreign investors. However, the research found that fluctuations in the prices of metal make this project to be a relatively high risky project.
Keywords: Billet, Sponge iron, Investment appraisal, Sensitivity analysis, Risk analysis.
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ÖZ: Günümüzde gelişmekte olan ülkelerin ekonomik büyümelerine bağlı olarak, çelik üretimine olan ihtiyaç ciddi miktarda yükselmiştir. İran'da çok yüksek miktarlarda çelik tüketimi bulunmaktadır ve yeni kurulacak çelik ve sünger çelik fabrikaları için iyi bir yatırım yeri olabilir. İran'daki çelik reservlerinin oldukça fazla olmasından dolayı bu çalışma yeni kurulacak çelik ve sünger çelik fabrikalarının uygun bir yatırım olup olmadığını test etmek amacı taşımaktadır. Bu araştırma ayrıca böyle bir yatırımın finansal anlamda karlı olup olmadığınıda test etmektedir. Araştırmada yatırımcının bakış açısından çelik fabrikası yatırımı incelenmektedir. Buna ek olarak, tezde risk ve hassaslık analizleri ile böyle bir yatırımın ne kadar riskli olduğunada bakılmıştır. Test sonuçları excell ve cristal ball bilgisayar programları kullanılarak elde edilmiştir. Tüm testler orta ölçekli bir şirketi baz alacak şekilde gerçekleştirilmiştir. Bankacılar ve yatırımcılar tarafından bakıldığında karlı bir yatırımdır ve birçok yatırımcıyı bu Alana çekmektedir. Test sonuçlarına bağlı olarak NPV ve IRR 10,431,069, 42.4%'dur. Bu sonuçlarda böyle bir yatırımın hem yurtiçindeki hemde yabancı yatırımcılar için karlı bir yatırım olduğunu göstermektedir. Fakat, arastırma aynı zamanda sürekli değişen çelik fiyatlarına bağlı olarak da yatirimin riskli olduğunu ortaya koymaktadir.
Anahtar Kelimer: Çelik Çubuk, Sünger Çelik, Yatırım Değerlendirmesi, Hassaslık Analizi, Risk Analizi.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2012. Supervisor: Assoc. Prof. Dr. Mustafa Besim.Eastern Mediterranean University (EMU)2013-01-09T07:03:32Z2013-01-09T07:03:32Z2012ThesisHazrati, Ebrahim M. (2012). Feasibility Study of Production of Steel (Billet) and Sponge Iron in Iran. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/299en
oai:i-rep.emu.edu.tr:11129/3012016-03-05T21:11:21Zhdl_11129_2203Direct Ownership Structure and Profitability in Azerbaijan Commercial Banks Listed in Baku Stock Exchange (BSE)Sharifov, TuralBanking and FinanceBanks and Banking - AzerbaijanDirect Ownership Structure Analysis - Ownership Type Analysis - ProfitabilityABSTRACT: This thesis investigates the direct ownership structure and ownership type in 33 Azerbaijan commercial banks listed in Baku Stock Exchange (BSE). As a direct ownership structure we analyze the highest percentage of ownership of the largest shareholder (S1) and the total of top five highest ownership percentages (S5) in Azerbaijan banks. Moreover, we ran a regression analysis to establish relationship between ownership structure and profitability measures, return on assets (ROA) and return on equity (ROE) of 31 banks, for 2009. In addition, we use some control variables and dummy variable (foreign ownership) in our regression analysis, to observe their effect on profitability measures. Direct ownership structure analyzes show that banks in Azerbaijan have highly concentrated ownership structure. Additionally, the thesis conclude that banks in Azerbaijan had “majority ownership”, according to the highest percentage of ownership of the largest shareholder (S1) and “supermajority ownership” according to the total of top five highest ownership percentages (S5). Direct ownership type investigations reveal that "Families" had dominant position in acquiring the highest percentage of stakes in direct ownership of the banks in Azerbaijan. However, regression analysis prove that only square of S5 variable (SQS5) for direct ownership structure variables turned out to be statistically significant independent variable for ROA, with negative sign of coefficient. Thus, there is a non-linear quadratic relationship between square of S5 variable (SQS5) and profitability measure ROA in our regression model. In conclusion the thesis suggests to build strong financial markets with effective regulations and supervision where it is possible to protect the rights of both minority and majority shareholders.
Keywords: Direct ownership structure analysis, ownership type analysis, profitability.
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ÖZ: Bu tez, Bakü Menkul Kıymetler Borsası’nda (BMKB) listelenen 33 Azerbaycan ticari bankaların doğrudan sahiplik yapısı ve sahiplik türünü incelemektedir. Doğrudan sahiplik yapısı olarak Azerbaycan bankaların en büyük hissedar yüzdesi (S1) ve toplam beş en yüksek hissedarın sahiplik yüzdesi (S5) analiz edilmiştir. Ayrıca, 2009 yılı için, 31 bankanın sahiplik yapısı ve karlılık arasında ilişkiyi incelemek için, varlıklar getirisi (ROA) ve özkaynak getirisi (ROE) üzerindeki etkileri regrasyon metodu ile araştırılmıştır. Ayrıca, bazı kontrol değişkenleri ve kukla değişken kullanarak (yabancı sahiplilik), karlılık üzerindeki etkisi de araştırılmıştır. Doğrudan sahiplik yapısı analizi, Azerbaycan'da bankaların yüksek oranda konsantre sahiplilik yapısına sahip oldukları tespit edilmiştir. Ayrıca, en büyük hissedar yüzdesine (S1) göre "çoğunluk sahiplilik" ve toplam beş en yüksek hissedarın sahiplik yüzdesine (S5) göre de "super çoğunluk sahiplik" tespit edildi. Doğrudan sahiplik türü araştırmaları, "Aileler" kategorisinin Azerbaycan bankalarının en yüksek yüzdesine sahip olduğunu ortaya koymaktadır. Ancak, regrasyon analizi sonuçlarına göre, sadece doğrudan sahiplik yapısı değişkeni olan kare S5 (SQS5) katsayısının eksi katsayıya sahip olup, varlıklar getirisi (ROA) üzerinde istatistiksel olarak anlamlı bit etkisi olduğu bulunmuştur. Böylece, kare S5 (SQS5) değişkeni ve ROA arasında doğrusal olmayan bir bir ilişki vardır. Sonuç olarak, hem azınlık ve hem de çoğunluk hissedarların haklarını korumak için etkin düzenlemeler, denetim ve güçlü mali piyasalara ihtiyaç vardır.
Anahtar Kelimeler: Doğrudan sahiplik yapısı analizi, mülkiyet tipi analizi, karlılık.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2012. Supervisor: Assoc. Prof. Dr. Cahit Adaoğlu.Eastern Mediterranean University (EMU)2013-01-09T07:51:43Z2013-01-09T07:51:43Z2012ThesisSharifov, Tural. (2012). Direct Ownership Structure and Profitability in Azerbaijan Commercial Banks Listed in Baku Stock Exchange (BSE). Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/301en
oai:i-rep.emu.edu.tr:11129/3022016-03-06T10:26:52Zhdl_11129_2203Internet Banking Vs Conventional Banking in terms of Profitability Index: Case study of Saudi ArabiaJavaid, HassanBanking and FinanceInternet Banking - Saudi ArabiaInternet Banking - Conventional BankingABSTRACT: The purpose of this paper is to examine the internet banking system with the conventional banking system in Saudi Arabia. The idea of this study is to evaluate the variation performance of both the system, for this we will use the data of 7 local banks for a time period from 2005-2011, which are currently providing both of these services, we will use the data from the financial statements of these banks to find out the most commonly used ratio to empirically evaluate the performance of these systems. We use the Dummy Variable for those years which the bank had not started using the internet service, this way we can see how much it changed .The study gives us a clear idea that the internet banking adoption is clearly improving the Return on Equity (ROE) in terms of profitability, and also the capitalization is having an positive impact on the profitability.
Keywords: Internet Banking, Conventional Banking.
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ÖZ: Bu calışmanın amacı internet bankacılığının Suudi Arabistan bankacılık sisteminde uygulannması ve karlılık uzerinde etkileridir. Bankacılık sisteminin gelişimini 7 tane ticari bankayı ele alarak 2005-2011 yılları arasındaki performansları bilanco ve gelir gider tabloları incelenmiştir. Performanslar ampirik calışmlara sonucunda irdelenmiş ve bankaların internet adaptasyonun banka performanslarını ne şekilde etkilediği incelenmiş ve internet kullanımının banka buyukluğu ve karlılıkla doğru orantılı olduğu gorulmektedir.
Anahtar: internet bankaciligi, Ticari Bankacilik.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2012. Supervisor: Assoc. Prof. Dr. Nesrin Özataç.Eastern Mediterranean University (EMU)2013-01-09T08:29:38Z2013-01-09T08:29:38Z2012ThesisJavaid, Hassan. (2012). Internet Banking Vs Conventional Banking in terms of Profitability Index: Case study of Saudi Arabia. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/302en
oai:i-rep.emu.edu.tr:11129/3032016-03-07T08:25:02Zhdl_11129_2203The Creation of New States in International Law: The Cases of South Ossetia’s and Abkhazia’s Unilateral Declarations of IndependenceMushurova, FatimaInternational RelationsSouth Ossetia - Abkhazia - Recognition - International LawStatehood - Criteria of Statehood - Legality - Recognition - Self-DeterminationABSTRACT: In the 21st century, problems related to the territorial status and statehood are likely to continue to be a focal point of international disputes. The creation of states is an active and complex process, which has no end and is likely to continue in the future. The creation of a new state is important not only for a particular state, but for the international community as a whole. In February 2008 the unilateral declaration of independence by Kosovo and in July 2010 the Advisory Opinion of the ICJ on the accordance with international law of the unilateral declaration of independence in respect of Kosovo raised the question of whether the case of Kosovo could serve as a practical precedent for the legitimacy of the declarations of independence by Abkhazia and South Ossetia.
The aim of this study is not to compare the case of Kosovo with the case of South Ossetia and Abkhazia, but to use the advisory opinion of the International Court of Justice on Kosovo case as a template for assessing the lawfulness of the declarations of independence by South Ossetia and Abkhazia. However, this study goes beyond the advisory opinion of the ICJ and considers whether South Ossetia and Abkhazia meet the criteria of statehood and whether the recognition of South Ossetia and Abkhazia by the the Russian Federation and some other states was in conformity with international law.
Key words: statehood, criteria of statehood, legality, recognition, self-determination.
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ÖZ: 21. Yüzyılda, toprak statüsü ve devlet olma ile ilgili sorunların uluslararası uyuşmazlıkların odak noktası olmaya devam edecek gibi görünüyor. Devletlerin oluşturulması sonu yok ve gelecekte de devam edecek olan aktif ve karmaşık bir süreçtir. Yeni bir devletin kurulması sadece belirli bir devlet için değil, ama genel olarak uluslararası toplum için önemlidir. Şubat 2008’de Kosova’nın tek taraflı bağımsızlık ilanı ve 2010’da Uluslararası Adalet Divaninin Kosova ile ilgili olarak tek taraflı bağımsızlık ilanının uluslararası hukuka göre Danışma Görüşü Kosova durumunda Abhazya ve Güney Osetya’nın bağımsızlık beyanlarının meşruiyet için pratik bir örnek olabileceğini sorusunu gündeme getirdi. Bu çalışmanın amacı, Güney Osetya ve Abhazya örenekleriyle ile Kosova örneğini karşılaştırmak değil, ama Uluslararası Adalet Divaninin Kosova ile ilgili Danışma Görüşü Abhazya ve Güney Osetya’nın bağımsızlık beyanlarının hukuka uygunluğunun değerlendirilmesi için bir şablon olarak kullanmaya. Ancak bu çalışma, Uluslararası Adalet Divaninin Kosova ile ilgili Danışma Görüşünü geçiyor ve Abhazya ile Güney Osetya devletinin kriterlere uyup uymadıklarını ve Rusya Federasyonu ile bazı başka ülkeler tarafından Güney Osetya ve Abhazya’nın tanınması uluslararası hukuka uygun olup olmadığına bakıyor.
Anahtar Kelimeler: devlet, devlet olma kriterleri, kanuna uyma, tanıma, özerklik.Master of Arts in International Relations. Thesis (M.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of International Relations, 2012. Supervisor: Assoc. Prof. Dr. Wojciech Forysinski.Eastern Mediterranean University (EMU)2013-01-09T08:45:07Z2013-01-09T08:45:07Z2012ThesisMushurova, Fatima. (2012). The Creation of New States in International Law: The Cases of South Ossetia’s and Abkhazia’s Unilateral Declarations of Independence. Thesis (M.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of International Relations, Famagusta: North Cyprus.http://hdl.handle.net/11129/303en
oai:i-rep.emu.edu.tr:11129/3052016-03-05T21:15:17Zhdl_11129_2203Concentration and Competition in the Azerbaijan Banking IndustryAfandiyev, FaganBanking and FinanceBanks and Banking - AzerbaijanConcentration - Competition - Azerbaijan Banking IndustryABSTRACT: The main purpose of this thesis is to analyze competition and concentration levels in Azerbaijan Banking industry over the periods 2008-2011. In order to study concentration and competition level, 25 large banks were selected based on their market share. Measurement of concentration and competition are important for banks conduction in the banking industry. There are numerous measures to find concentration and competition level. We analyze the degree of concentration by using CR3, CR5, CR10 and Herfindahl-Hirschman Index for the bank assets, deposits and credit portfolios and to measure competition we apply famous Panzar-Rosse H-statistic. A panel regression is used to maintain empirical analysis in order to determine H-statistic. After the 1990 years Azerbaijan banking system has faced many changes, thus the research examines the nature and changes in the banking sector. There were similar works about competition and concentration in Azerbaijan banking sector which have done by F.Huseynov and X.Huseynov (2008), S.Aliyev (2010) for 2003-2007 years and for only 2010 year respectively. Both author used structural methods for determining competition level and k-bank concentration ratio to measure the concentration level. But in our thesis we used non-structural method for competition analyses and two different concentration approaches for concentration level.
Keywords: concentration, competition, Azerbaijan banking industry.
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ÖZ: Bu tezin temel amacı 2008-2011 dönemleri için Azerbaycan bankacılık sektöründe rekabet ve konsantrasyon düzeylerini analiz etmekdir. Konsantrasyon ve rekabet düzeylerini incelemek için pazar payına dayalı olarak 25 büyük banka seçilmiştir. Rekabet ve konsantrasyon analizleri bankacılık sektörü için çok önemlidir ve farklı yollarla ölçülebilinir. Banka varlıkları, mevduat ve kredi portföyleri için CR3,CR5, CR10, ve Herfindahl-Hirschman Endeksi kullanılarak konsantrasyon seviyyesi ölçülmüştür. Ayrıca bankacılık sektöründe rekabet seviyyesini ölçmek için ünlü Panzar-Rosse H-statistiği kullanılmıştır. H-statistiği belirlemek amacıyla deneysel araştırma panel veri analizi yapılmıştır. Bu çalışma ayrıca Azerbaycan bankacılık sektorünün gelişimi yaşadığı değişiklikleri incelemiştir. Daha önce Azerbaycan bankacılık sektöründe konsantrasyon ve rekabet düzeyini ölçmek için F.Hüseynov ve X.Hüseynov (2008), S.Aliyev (2010) tarafından araştırmalar yapılmıştır. F.Hüseynov ve X.Hüseynov (2008) araştırmalarını 2003-2007 yıllar için, S.Aliyev sadece 2010 yılı için yapmıştır. Her iki araştırmada konsantrasyon düzeyini ölçmek için k- banka yoğunlaşma oranı yöntemi, rekabet düzeyini ölçmek içinse yapısal yöntemler kullanılmıştır. Ama bizim çalışmamızda konsantrasyon analizleri için iki farklı yöntem ve rekabet ölçümü için yapısal olmayan yöntem kullanılmıştır.
Anahtar kelimeler: konsantrasyon, rekabet, Azerbaycan bankacılık sistemi.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2012. Supervisor: Assoc. Prof. Dr. Nesrin Özataç.Eastern Mediterranean University (EMU)2013-01-09T09:29:10Z2013-01-09T09:29:10Z2012ThesisAfandiyev, Fagan. (2012). Concentration and Competition in the Azerbaijan Banking Industry. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/305en
oai:i-rep.emu.edu.tr:11129/3072016-03-05T20:45:18Zhdl_11129_2203Capital Structure: The Case of Nigerian Non Financial CorporationsOladimeji, Ajewole BabatundeBanking and FinanceCapital - NigeriaEconomic Conditions - NigeriaCapital Structure - Corporate Performance - Determinants of Capital StructureABSTRACT: The aim of this empirical study is to look into the determinants of capital structure of non-financial firms in Nigeria and the impact of the capital structure on the corporate performance of these publicly traded firms. Different theories of capital structure were reviewed with a view to establishing valid propositions concerning the determinants of capital structure of Nigerian non financial corporations. The research is conducted using panel data methodology for a sample of 20 firms listed on Nigerian Stock Exchange during 2006-2010. The results have shown that the major determinants of capital structure based on this study include: profitability, tangibility and liquidity. Age, Size and tangibility play determining roles in accessing long-term debt finance within the Nigerian context. Non-financial firms in Nigeria that are highly profitable would prefer internal funding over debt financing since cost of external financing is expensive. This supports pecking order theory.
Keywords: Capital Structure, Corporate Performance, Determinants of Capital Structure.
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ÖZ: Bu ampirik çalışmanın amacı Nijerya’daki finansal olmayan kurumların sermaye yapısı belirleyicilerini incelemek ve bu finansal yapıların halka arz edilmiş şirketlerdeki kurumsal performans etkilerini belirlemektir. Nijerya'nın finansal olmayan kurumlarının sermaye yapısı belirleyicilerinin geçerli savlarını saptamak amacıyla farklı sermaye teorileri kullanılmıştır. Bu çalışma; Nijerya sermaye piyasasında 2006–2010 yılları arasında yer alan 20 firma için panel veri serisi yöntemleri uygulanarak yürütülmüştür. Bu çalışmanın dayandığı sonuçlar göstermiştir ki sermaye yapısının temel belirleyicileri: karlılık, somutluk ve likiditedir. Yaş, boyut ve somutluk, Nijerya için uzun dönemli borç finansmanının erişim bağlamında çok önemli faktörler olduklarını göstermiştir.
Anahtar Kelimeler: Sermaye Yapısı, Kurumsal Performans, Sermaye Yapısı Belirleyicileri.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2012. Supervisor: Assoc. Prof. Dr. Mustafa Besim.Eastern Mediterranean University (EMU)2013-01-09T11:04:36Z2013-01-09T11:04:36Z2012ThesisOladimeji, Ajewole Babatunde. (2012). Capital Structure: The Case of Nigerian Non Financial Corporations. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/307en
oai:i-rep.emu.edu.tr:11129/3082016-03-06T10:20:29Zhdl_11129_2203Financial Performance of the Malaysian Banking Industry: Domestic vs Foreign BanksGuisse, Mamadou LamaranaBanking and FinanceBanks and Banking - MalaysiaProfability - Asset-Liability Management - Banking - Malaysia Bank OwnershipABSTRACT: The aim of this study is to examine the performance of the Malaysian’s local banks and foreign banks, and compare their profitability in the financial sector. Profitability of commercial banks can be influenced by several factors, such as liquidity, credit, capital, operating expenses, and the size of the banks. Measuring the profitability in term of Return on Asset (ROA) and Return on Equity (ROE) for a panel of local and foreign banks can give a general idea about the effects of these factors to banking system. Some previous studies have been carried out in the same field such as the work of Sufian (2009) that investigates the factors influencing the profitability of the Malaysian banking industry. For this analysis, a panel regression methodology will be applied to investigate the performance of these commercial banks within Malaysian’s banking system empirically. Financial ratios are collected for a total of 8 (eight) local banks and 8 (eight) foreign banks, covering a period between 2005 and 2011. In addition, a comparative study will be carried out to show possible difference between the two categories of bank ownership from the perspective of performance and profitability.
Keywords: Profitability, Asset-Liability management, Banking, Malaysia Bank Ownership.
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ÖZ: Bu çalışma, Malezya yerel ve yabancı bankaların finansal performanslarının karşılaştırılmasını amaçlamaktadır. Ticari bankaların karlılıkları bazı nedenlerden etkilenebilmektedir. Bu faktöreleri likidite, kredi, işletim harcamaları, banka büyüklükleri diye sıralayabiliriz. Aktif getiri (ROA) ve sermaye üzerinden getiri(ROE), Baz rasyolarını alarak bankacılık sistemine bu faktörlerin ne yönde etki ettiği araştırlımıştır.. Daha önce yaplılmış çalışmlarda örneğin Sufian(2009) banka karlılıkların etkileyen faktörler üzerine çalışmalar yapmıştır. Analizde panel regresyon metodu kullanılarak ticari bankalrın ampirik olarak performansları incelenmiştir. Çalışmada 8 yerel 8 de yabancı banka kullanılmış bankalar sahiplik yapısı dikkate alınarak gloabal kriz ve performansları yönünde bulgulara ulaşılmıştır.
Anahtar kelimeler: Karlılık, Aktif-pasif yönetimi, bankacılık, Malezya Bankacılık sahiplik yapısı.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2012. Supervisor: Assoc. Prof. Dr. Nesrin Özataç.Eastern Mediterranean University (EMU)2013-01-09T11:15:30Z2013-01-09T11:15:30Z2012ThesisGuisse, Mamadou Lamarana. (2012). Financial Performance of the Malaysian Banking Industry: Domestic vs Foreign Banks. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/308en
oai:i-rep.emu.edu.tr:11129/3102016-03-06T10:31:45Zhdl_11129_2203Performance and Profitability of the Technology Sector in Istanbul Stock MarketÇetin, BenanBanking and FinanceCapital Market - Stock Exchanges - Istanbul, TurkeyTechnology Sector - Financial Performance - Profitability - Istanbul Stock Market - ISMABSTRACT: The purpose of this paper is to analyze the financial performance of the Technology Sector in Istanbul Stock Market. There is a paucity of studies on technology sector. And this thesis can be considered one of the studies done on this topic. There are 11 companies which were operating between the period of 2006 and 2011 and they are all used in the analysis. The empirical results suggest that the equity and size of the companies are playing the main role on the profitability. Turkish technology companies are generally equity based and use short term debt, but in recent years there is an increase in the usage of long term debts.
Keywords: Technology Sector, financial performance, profitability, Istanbul Stock Market, ISM.
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ÖZ: Bu çalışma İstanbul Menkul Kıymetler Borsasındaki Teknoloji Sektörünün karlılığını ve sermaye yapısını incelemektedir. Çalışma İstanbul Menkul Kıymetler borsasına 1988 de ilk giren şirketten, 2012 senesinin Haziran ayına kadar girmiş toplam 11 şirketi kapsamaktadır. Yapılan analizler sonucu, likidite miktarının, özsermaye oranının ve büyüklüğün şirketler üzerinde olumlu etkisi olduğu görülmüştür. Ayrıca Türk teknoloji şirketleri genel olarak özsermaye tabanlıdır ve kısa vadeli borç kullanmaktadırlar. Fakat son yıllarda özsermayede ve kısa vadeli borçlarda azalma, uzun vadeli borçlarda artma görülmüştür.
Anahtar Kelimeler: Istanbul Menkul Kıymetler Borsası, IMKB, performans, karlılık, teknoloji sektörü.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2012. Supervisor: Assoc. Prof. Dr. Salih Katırcıoğlu.Eastern Mediterranean University (EMU)2013-01-09T11:55:19Z2013-01-09T11:55:19Z2012ThesisCetin, Benan. (2012). Performance and Profitability of the Technology Sector in Istanbul Stock Market. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/310en
oai:i-rep.emu.edu.tr:11129/3112016-03-06T11:04:24Zhdl_11129_2203The Impact of Foreign Direct Investment on Human Development Index in Commonwealth of Independent StatesBaghirzade, NarminaBusiness AdministrationInvestments, Foreign - Commonwealth of Independent StatesInternational Business EnterprisesForeign Direct Investments (FDI) - Human Development Indicators (HDI) - Commonwealth of Independent States (CIS)ABSTRACT: Countries accepting foreign investments (FDI) from abroad, are cooperating with foreign partners, to have access to financial resources, better ideas, more skills, technology. Recipient countries are expecting these powerful partners to help them to develop or improve the local economic system. In return, foreign investors receive easily accessible cheap natural resources, cheap labor force and the possibility to create and expand new markets. Nevertheless, there is always a question, whether such collaboration with foreign investors has a good or bad influence on recipient country’s population. In this research the FDI’s impact on people’s quality of life and on education, health, income and life expectancy is analyzed. It is found out that, FDI inflows into the CIS countries improve the education, health, income and life expectancy in all CIS countries, except Azerbaijan. The present thesis reveals whether FDI inflows into 12 CIS countries are having any effect on the four Human Development Indicators (HDI) which are school enrollment, health expenditures, GNI and life expectancy. Regression analysis done by the program PAWS Statistics 18 of each country on collected statistical data demonstrates a possible correlation between FDI and HDI indicators in CIS countries. Statistical data for FDI and HDI indicators for the period 1995-2009 shows a general picture of each CIS country from the FDI and HDI perspectives, each statistical trend is demonstrated and interpreted.
Keywords: FDI, HDI, CIS.
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ÖZ: Yurt dışından yabancı yatırımları (DYY) kabul eden ülkeler, yabancı ortaklarla işbirliği yaparak olup, finansal kaynaklara erişim, daha iyi fikirlere, daha fazla becerilere, teknolojiye sahip olmak isterler. Ev sahibi ülkeler, bu güçlü ortaklarla lokal sistemde büyümeyi ve gelişmeyi ümit etmektedirler. Karşılık olarak, yabancı yatırımcılar, ucuz doğal kaynaklara, ucuz iş gücüne ve yeni pazarlara erişınler. Ancak, yabancı yatırımcılarla böyle bir işbirliğinin ev sahıbı ülke üzerınde kötü veya iyi bir etkisi olup olmadığı, bir soru işareti olarak kalmaktadır. Bu araştırmada, DYY’nın insanların yaşam kalitesi, eğitim, sağlık, gelir ve hayat beklentisi üzerinde olan etkisi analiz edilmiştir. Bağımsız Devletler Topluluğu (BDT) ülkelerine olan DYY girişlerinin, Azerbaycan hariç diğer BDT ülkelerinde eğitim, sağlık, gelir ve hayat beklentisini geliştirildiği tespit edilmiştir. Bu tez 12 üye-ülkenin aldığı DYY girişlerinden okullaşma, sağlık harcamaları, GSMH ve yaşam beklentisi olan dört İnsani Gelişme Endeksi (İGE) göstergelerinden herhangi bir etki olup olmadığını ortaya koyar. Regresyon analizi ile her ülkenin toplanılan statik bilgisinin PAWS istatistik 18 programı ile BDT ülkelerindeki DYY ve İGE ile olan korelasyonu gösterilmiştir. 1995-2009 dönemide DYY ve İGE göstergeleri iliştilendirilmiş ve her BDT ülkesinin DYY ve İGE açılarından genel bir resmi gösterilmiş ve yorumlanmıştır.
Anahtar Kelimeler: DYY, İGE, BDT.Master in Business Administration. Thesis (M.B.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Business Administration, 2012. Supervisor: Assoc. Prof. Dr. Şule Aker.Eastern Mediterranean University (EMU)2013-01-09T12:04:14Z2013-01-09T12:04:14Z2012ThesisBaghirzade, Narmina. (2012). The Impact of Foreign Direct Investment on Human Development Index in Commonwealth of Independent States. Thesis (M.B.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Business Administration, Famagusta: North Cyprus.http://hdl.handle.net/11129/311en
oai:i-rep.emu.edu.tr:11129/3142016-03-07T08:27:19Zhdl_11129_2203Transnational Corporations and Corporate Responsibility: Environmental Law and Human Rights Damage in NigeriaOsunmuyiwa, Olufolahan OluwapelumiInternational RelationsEnvironmental Law - NigeriaHuman Rights - NigeriaCorporate Social Responsibility (CSR) Variation - Transnational Corporations(TNCs) - Environmental Law - Human RightsABSTRACT: The emergence of transnational corporations as strong and independent non-state actors based on their trans-border identity and increasing influence has led to numerous calls for regulation from scholars, NGOs and other international organizations. This however led to the adoption of the concept of corporate social responsibility that seeks to increase the accountability of corporation not only to their shareholders which have been their traditional response in terms of profit making, but also to the stakeholders who are affected by the actions (externalized costs) of TNCs. With CSR becoming a household policy framework for TNCs, other regulatory framework began to emerge especially from the international legal perspective. These regulatory mechanisms came in form of soft laws which were voluntary and non-binding in nature. Such as the OECD and ILO guidelines, UN Global Compact, UN Norms for Business, ATCA and other regional frameworks emphasizing the personhood of TNCs in international law. However what made these frameworks important was that it emerged as a form of international standard which was set by international law, United Nations and other International Organizations. Therefore this thesis tries to demonstrate that despite the presence of regulatory frameworks, CSR policies of TNCs have varied from one country to another especially among the developing nations and this variation has been linked to the strength of the regulatory framework in a particular country.Moving further, this thesis has demonstrated that despite the acclaimed successes of CSR in some developing countries, it has not been the same everywhere due to the strength/weaknesses of the regulatory frameworks in a particular country and thus leading to the adoption of Nigeria where CSR policies have failed as a case study. Examining TNCs and CSR in Nigeria has thus led to this thesis to conclude that despite the acclaimed sustainable development CSR is meant to provide, this has not been the case. This is due to the fact that CSR in Nigeria has been a cosmetic approach used in covering environmental degradation and human rights complicity of TNCs and this has been achieved through weak regulatory framework in Nigeria. Therefore this thesis was able to conclude that the consequences of weak regulatory framework are environmental degradation and human rights violation. The thesis therefore formulates policies that can be used in addressing negative CSR approaches such as punitive measures for states under the ICC for complicity in environmental degradation and human rights violation and also threat of credible punitive measures for TNCs.
Keywords: CSR variation, TNCs, Environmental Law, Human Rights.
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ÖZ: Uluslar arası şirketlerin sınırlar arası kimliğine ve artan etkisine dayalı güçlü ve bağımsız devlet dışı aktörlerin ortaya çıkması akademisyenlerin, sivil toplum örgütlerin ve diğer uluslararası kuruluşların birçok kez yönetmelik için çağırmalarına yol açtı. Ancak bu durum kurumsal sosyal sorumluluk kavramının sadece kendi hissedarlarına kâr açısından geleneksel yanıt olana değil, ama aynı zamanda da uluslar arası şirketlerinin (dış kaynaklardan destekli maliyetler) eylemlerden etkilenen paydaşlar için de yol açtı. Uluslar arası şirketler için KSS bir ev politika çerçevesi olma ile diğer düzenleyici taslak, özellikle uluslararası hukuk açısından ortaya çıkamaya başladı. Bu düzenleyici mekanizmaları doğada gönüllü ve bağlayıcı olmayan yumuşak yasalar (soft laws) şeklinde geldi. Örnek OECD ve ILO kuralları, BM Küresel İlkeler Sözleşmesi, İşletme için BM Normları, ATCA ve uluslar arası hukuk’ta UAŞ’nın kişiliğini vurgulayan diğer bölgesel taslaklar. Ama bu çerçeveleri önemli yapan uluslar arası hukuk, BM ve diğer uluslar arası kuruluşlar tarafından kurulan uluslar arası standart form olarak ortaya çıktı.
Bu nedenle bu tez düzenleyici taslakların varlığına rağmen UAŞ’in KSS politikaları ülkeden ülkeye, özellikle gelişmekte olan ülkeler arasında, değiştiğini ve bu farklılıklar belli bir ülkedeki düzenleyici taslakların gücü ile bağlantılı olduğunu göstermeye çalıştı. Bu tez KSS’nin başarılmasına rağmen bazı ülkelerde düzenleyici taslakların gücü veya güçsüzlüğünden dolayı diğer ülkelerde aynı başarıya ulaşamamıştır. Bu sebeplerden dolayı Nijerya, KSS yasalarını uygulamada vaka çalışması olarak başarısızlığa uğramıştır. Nijerya’da UAŞ ve KSS’yi inceleyerek KSS’nin sürdürülebilir kalkınmayı sağlamasına rağmen, durum farklı olmuştur.
Nijerya’da KSS’nin kozmetik yaklaşım olması, çevresel bozulma ve UAŞ’in insane hakları içeren suç ortaklığında kullanıldı ve bu Nijerya’da zayıf düzenleyici taslak ile elde edilmiştir. Bu nedenle bu tez, zayıf düzenleyici taslağın sonuçları çevresel bozulma ve insan hakları ihlali olduğunu sonucuna başardı. Bu yüzden, tez negatif KSS yaklaşımları ele almak için politikalar hazırladı. Örneğin, Uluslar arası Ceza Mahkemesi altındaki olan ülkeler için çevresel bozulma ve insan hakları ihlali için cezai önlemler uygulaması ve ayrıca UAŞ için güvenilir cezai önlemler ile tehdit edilmeli.
Anahtar kelimeler: Kurumsal sosyal sorumluluk, Ulus-aşırı şirketler, çevre hukuku, insan hakları ihlali.Master of Arts in International Relations. Thesis (M.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of International Relations, 2012. Supervisor:Assoc. Prof. Dr. Erol Kaymak.Eastern Mediterranean University (EMU)2013-01-10T07:06:52Z2013-01-10T07:06:52Z2012ThesisOsunmuyiwa, Olufolahan Oluwapelumi. (2012). Transnational Corporations and Corporate Responsibility: Environmental Law and Human Rights Damage in Nigeria. Thesis (M.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of International Relations, Famagusta: North Cyprus.http://hdl.handle.net/11129/314en
oai:i-rep.emu.edu.tr:11129/3192016-03-05T21:21:59Zhdl_11129_2203Factors Affecting the Use of Internet Banking; the Case of Northern CyprusAltun, ÖzlemBanking and FinanceBanks and Banking - Internet Banking - Cyprus, NorthFinancial Services Industry - Computer NetworksWord of Mouth - Customer Satisfaction - Internet BankingABSTRACT: The purpose of this study is, investigating the affecting factors of adopting individuals’ internet banking with adding trust and perceived web security variables. For this purpose nine hypothesis has developed as part of research model. To collect data survey form has been prepared and has been applied in Turkish. Useable data has been attained from 199 acquired surveys. Acquired data have been analysed with SPSS 18.0. In accordance with the statistical analyse results; it is determined that perceived ease of use upon perceived usefulness, perceived usefulness upon trust and in addition trust, perceived usefulness, perceived ease of use and perceived web security separately upon intention to use have an positive and meaningful effect. As a result of the analysis is a customer satisfaction positive effect to word of mouth.
Keywords: Word of mouth, customer satisfaction, internet banking.
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ÖZ: Bu çalışmanın amacı, KKTC’ deki bireylerin internet bankacılığını benimsemesini etkileyen faktörleri araştırmaktır. Bu çalışma Doğu Akdeniz Üniversite öğrenci ve öğretim üyelerine yönelik anket çalışması yapılarak incelemeye alınmış ve analiz yapılmıştır. Araştırma modeli çerçevesinde 9 hipotez geliştirilmiştir. Veri toplamak için anket formu hazırlanmış ve Türkçe olarak uygulanmıştır. Uygulanan anketlerin 199’ undan kullanılabilir veri elde edilmiştir. Elde edilen veriler SPSS 18.0 veri analizi ile analiz edilmiştir. Analiz sonuçlarına göre algılanan kullanım kolaylığının, algılanan kullanışlılık üzerinde ve algılanan kullanışlılığı ve güvenin müşterilerin başkalarına tavsiye etmesi üzerinde anlamı ve pozitif etkisi olduğu görülmüştür. Ayrıca çalışmada güven, algılanan kullanışlılık, algılanan kullanım kolaylığı ve algılanan web güvenliği değişkenlerinin tavsiyeyi etkilediği sonucuna varılmıştır.
Anahtar Kelimeler: Müşteri memnuniyeti, kullanım kolaylığı, güven, tavsiye, internet bankacılığı( e-bankacılık).Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2012. Supervisor: Assist. Prof. Dr. Bilge Öney.Eastern Mediterranean University (EMU)2013-01-10T08:23:33Z2013-01-10T08:23:33Z2012ThesisAltun, Ozlem. (2012). Factors Affecting the Use of Internet Banking; the Case of Northern Cyprus. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/319en
oai:i-rep.emu.edu.tr:11129/3222016-03-05T21:14:41Zhdl_11129_2203Corporate Governance and Performance in TRNC Banking IndustrySakallı, Hidayet İzberBanking and FinanceBanks and banking - Cyprus, NorthCorporate Governance - Profitability - North CyprusMaster of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2012. Supervisor: Assoc. Prof. Dr. Eralp Bektaş.Eastern Mediterranean University (EMU)2013-01-10T11:00:23Z2013-01-10T11:00:23Z2012ThesisSakalli, Hidayet Izber. (2012). Corporate Governance and Performance in TRNC Banking Industry. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/322en
oai:i-rep.emu.edu.tr:11129/3272016-03-05T20:44:47Zhdl_11129_2203The Association of Economic Conditions, Tourism Expansion and Corporate Performance of Tourist Companies: The Case of TurkeyTehrani, Rokhsareh MonshizadehBanking and FinanceTourism - Economy - TurkeyEconomic Growth - Tourism Expansion - Co-Integration - Causality - Bounds Test - TurkeyABSTRACT: Over the past two decades Turkey has flourished prominently in terms of tourism expansion as well as economic development. The incorporation of economy and tourism have brought Turkey up to be ranked 7th in the world in number of international tourist arrivals by 2012. The aim of this thesis therefore, is to empirically investigate the association of economic conditions, tourism development and the operational performance measures of tourist-related companies in Turkey. This has been done via time series regression analysis and causality tests over a number of selected companies’ related to the tourism industry. The representative measures for economic condition and tourism expansion are GDP and number of international tourist arrivals (TA), respectively. As well the proxy variables for corporate performance include return on assets (ROA), return on equity (ROE), stock return and the overall financial performance measured by a comprehensive score. The major finding in this study reveals a long-run level (and statistically significant) relationship between economic conditions, tourism expansion and corporate performance of tourism companies. The results offer some constructive implications for Turkish government policy makers as well as owners and directors of major companies in tourism industry.
Keywords: Economic growth, Tourism expansion, Co-integration, Causality, Bounds test, Turkey.
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ÖZ: Son yirmi yılda Türkiye ekonomik kalkınma ve turizm gelişimi açısından belirgin bir ilerlemeye sahiptir. 2012’de ekonomi ve turizm işbirliği Türkiye’yi uluslararası turist sayısında dünyada 7. sıraya yerleştirmiştir. Bu nedenle bu tezin amacı, Türkiye’de ekonomik koşullar ve turizm genişlemesinin turizm şirketlerinin performans ölçüleri üzerindeki etkisini ampirik olarak incelemektir. Bu analiz turizm sektöründen seçilen belirli sayıda şirketlere uygulanan zaman serisi regresyon analizi ve nedensellik testleri ile gerçekleştirilmiştir. Ekonomik koşullar ve turizm gelişimi için kullanılan temsili ölçekler sırasıyla gayri safi yurtiçi hasıla ve uluslararası turist sayısıdır. Bunun yanında kurumsal performans için proxy değişkenleri varlık getirisi, özkaynak getirisi, hisse senedi getirisi ve faktör analizine dayanan kapsamlı bir skor ile ölçülen genel finansal performanstır. Bu çalışmadaki temel bulgu, ekonomik koşulların, turizm gelişiminin ve turizm şirketlerinin kurumsal performanslarının uzun dönemli ve statistiksel olarak anlamlı bir ilişki içerisinde olduğudur. Bu çalışmanın sonucu Türk hükümetine ve turizm sektöründeki büyük şirketlerin yönetici ve sahiplerine bazı yapıcı politik uygulamalar önermektedir.
Anahtar Kelimeler: Ekonomik Gelişme, Turizm Büyümesi,Bounds test, eş-bütünleşme, nedensellik, Türkiye.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2012. Supervisor: Assoc. Prof. Dr. Salih Katırcıoğlu.Eastern Mediterranean University (EMU)2013-01-10T12:20:23Z2013-01-10T12:20:23Z2012ThesisTehrani, Rokhsareh Monshizadeh. (2012). The Association of Economic Conditions, Tourism Expansion and Corporate Performance of Tourist Companies: The Case of Turkey. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/327en
oai:i-rep.emu.edu.tr:11129/3302016-03-06T10:33:54Zhdl_11129_2203Project Appraisal and Risk Analysis of Biodiesel Expressing and Refinery Plant in AfricaBayverdiyeva, SabinaBanking and FinanceBiodiesel Fuels Industry - Financial Analysis - AfricaRefinery Plant - Economics - AfricaBiofuel - Biodiesel - Biodiesel Plant - Project Appraisal - Risk AnalysisABSTRACT: Day by day environmentally clean and less harmful sources of diesel fuel for conventional engines are becoming more and more popular because of global warming problems, high level of pollution of the atmosphere created by devices and increased expansion of human diseases. There are various sources of such non harmful diesel fuels, like ethanol and biodiesel which can be obtained from diverse vegetable oils and animal fats. In this research I am going to investigate how beneficial the production of biodiesel from the sunflower seeds by using case study. The project’s validity and profitability will be analyzed based on the Investment Appraisal and Risk Analysis tools. The major conclusions and recommendations regarding the project will be given by relying on the project appraisal results.
Keywords: Biofuel, biodiesel, biodiesel plant, project appraisal, risk analysis.
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ÖZ: Gün geçtikçe küresel ısınma problemi, motorlar tarafından olusan yüksek düzeyde atmosfer kirliligi ve bunlara baglı olarak artan hastalıklar yüzünden geleneksel motorlara uyumlu çevreye temiz ve saglıga daha az zararlı dizel yakıt çesitleri popüler olmustur. Bu zararsız dizel yakıtların farklı çesitleri vardır. Örnegin; çesitli bitkisel ve hayvansal yaglardan elde edilen etanol ve biyodizel gibi. Bu çalısmada ayçiçegi tohumundan üretilen biyodizelin nasıl faydalı olabilecegi incelenecektir. Bu projenin geçerlilik ve karlılıgı yatırım degerlendirme ve risk analizi araçlarına
dayanarak incelenecektir. Projeyle ilgili önemli sonuç ve öneriler proje degerlendirme sonuçlarına göre verilecektir.
Anahtar Kelimeler: biyoyakıt, biyodizel, biyodizel bitkisi, proje degerlendirmesi, risk analizi.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2012. Supervisor: Prof. Dr. Glenn P. Jenkins.Eastern Mediterranean University (EMU)2013-01-11T06:58:21Z2013-01-11T06:58:21Z2012ThesisBayverdiyeva, Sabina. (2012). Project Appraisal and Risk Analysis of Biodiesel Expressing and Refinery Plant in Africa. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/330en
oai:i-rep.emu.edu.tr:11129/3382016-03-06T10:57:05Zhdl_11129_2203A Comparative Study of HRM Practices Based on Hofstede Cultural DimensionsMeshksar, SaharBusiness AdministrationMarketing ManagementMarketing - Cultural StudiesHuman Resource ManagementConsumer Behavior - Cultural StudiesCulture - Cultural Dimensions - HRM PracticesABSTRACT: With increasing globalization in today‟s world it seems necessary to consider culture as one important factor which has influence in designing and implementing HRM practices. This thesis applied Hofstede cultural dimensions for investigating cultural variation across countries. The goal of this study is to examine the impact of cultural dimensions on HRM practices with general looking on 24 countries which their data was available on CRANET and looking more closely on 4 European countries. Methodology: Countries selected from CRANET database. The independent variables were cultural dimensions (power distance, uncertainty avoidance, collectivism/individualism, and masculinity/femininity) and written documents, style of decision making (centralized or decentralize), action programs for women, team working and direct communication are considered as dependent variables. For analyzing data, regression analysis, one way ANOVA and T-test were used. Findings: The results demonstrated that cultural dimensions have an influence on HRM practices. The outcomes showed that high uncertainty avoidance has a weak influence on using more written documents, high power distance has a weak relationship with centralized decision making, in collectivistic countries the way of selecting employees is internally, organizations in low masculinity countries have action programs for women, employees in low power distance countries contact to their managers directly and results did not show that variable pay in collectivistic countries is based on team performance.
Keywords: Culture, Cultural dimensions, HRM practices.
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ÖZ: Artan küreselleşme ile birlikte, İnsan Kaynakları Yönetimi (İKY) uygulamalarında kültüründe bir etken olarak dikkate alınmasının önemi artmaktadır. Bu tez Hofstede‟nin ulusal kültürlerin boyutlarını kullanmaktadır. Çalışmanın amacı kültür boyutlarının İKY uygulamalarını nasıl etkilediğini incelemektir. Bunun için CRANET İKY anketinde yer alan 24 ülkedeki uygulamalar ülkelerin kültür özelliklerine göre değerlendirilmiştir. Ayrıca 4 ülkedeki uygulamalar karşılaştırılarak incelenmiştir. Metod: Ülkeler hem CRANET İKY aketi verileri hem de Hofstede çalışmasında yer alanlardan seçilmiştir. Bağımsız değişkenler kültürel boyutlar (Power distance, uncertainty avoidance, collectivisim/individualism, ve masculinity/femininity), bağımlı değişkenler ise İKY uygulamaları (yazılı belge kullanımı, karar verme yöntemleri – merkezi/yerinden, kadınlar için teşvik programları, ekip çalışması, ve üst yönetimle doğrudan iletişim) olarak kullanılmıştır. Veri analizinde regresyon, ANOVA ve T-testi kullanılmıştır. Bulgular: Sonuçlar kültürel özelliklerin İKY uygulamalarına da yansıdığını göstermiştir. Yüksek belirsizlikten kaçma (uncertainty avoidance) yazılı belgelerin kullanımını artırmaktadır. Yüksek güç mesafesi (power distance) merkezi karar almayı artırmaktadır. Toplulukçu (collectivist) toplumlarda kurum içinden terfiler daha fazladır. Maskulinitynin düşük olduğu toplumlarda kadınlara yönelik teşvik programları daha fazladır. Yüksek güç mesafesi olan ülkelerde üst yönetimle doğrudan iletişim daha azdır. Sonuçlarımız toplulukçu toplumlarda ekip çalışmasına daha fazla yönelindiğini göstermemiştir.
Anahtar Kelimeler: Kültür, İnsan Kaynakları Yönetimi, Karşılaştırmalı İKY.Master of Arts in Marketing Management. Thesis (M.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Business Administration, 2012. Supervisor: Prof. Dr. Cem Tanova.Eastern Mediterranean University (EMU)2013-01-11T11:37:15Z2013-01-11T11:37:15Z2012ThesisMeshksar, Sahat. (2012). A Comparative Study of HRM Practices Based on Hofstede Cultural Dimensions. Thesis (M.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Business Administration, Famagusta: North Cyprus.http://hdl.handle.net/11129/338en
oai:i-rep.emu.edu.tr:11129/3472016-03-06T10:31:56Zhdl_11129_2203The Principles of Islamic Finance, Its Challenges and Policy Suggestions for AzerbaijanIsmayil, Savalan IsmayilovBanking and FinanceBanks and Banking - AzerbaijanIslamic BankingIslamic Finance and Banking - Mudarabah - MusharakahABSTRACT: Islamic finance has been known as a new reality in the international financial scene and it derived close attention, especially, when financial recession occurred in 2008 which surrounded whole financial system. While conventional banks were impacted strictly, Islamic Banks unexpectedly emerged as less crisis-prone. Islamic banks’ performance through a number of ratios produces satisfactory results. General speaking, Islamic banks are well chaptalized, stable and profitable (Iqbal and Molyneux, 2005). Due to many requests and necessity in Muslim and non-Muslim countries, the practitioners of Islamic religion can make their investments based on Shariah Compaliance and many different models have been occurred. The case for Azerbaijan, nowadays, the International Bank of Azerbaijan, Amrah Bank, Nikoil Bank and TuranBank are seriously interested to introduce Islamic banking services in Azerbaijan. International Bank of Azerbaijan (IBA), the biggest bank has been conducting on studying viability and possibility of Islamic finance for the latest recent years and consequently set up working team on Islamic Banking and the procedure of offering Islamic finance throughout country is becoming an increasingly crucial and suitable topic.
Keywords: Islamic Finance and Banking, Mudarabah, Musharakah.
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ÖZ: Bu çalışmanın amacı İslami Finans, ülkelerini ve dünyanın diğer ülkelerinde olan ülkelerdeki uygulaması ile yakından tanışlık ve Azerbaycan için uygun bir model seçmekten ibaretdir. 2008ci yılında dünyada baş göstermiş dünya genel ekonomik krizinde geleneksel bankların krizden kötü yara almasına rağmen, İslami Finansın krize bulaşmaması kendisine olan ilgiyi daha çok artırdı. Yoğun istek ve gereklilik sebebiyle ister müslüman ülkelerinde, isterse de ğayrı müslüman topraklarında olan İslam dinine inanc sahibi olanlar artık ticaret hayatlarında Şeriata uygun olarak yatırımlarını yapa bilme imkanlarına sahiblenmektedirler. Azerbaycan için olan modele gelince, Azerbaycan Uluslararası Bankası, Amrah Bankası, Nikoil ve Turan Bankaları İslamı finans hizmetlerini sunmağa ilgi duymaktadırlar. Azerbaycanın en büyük bankası olan Azerbaycan Uluslararası Bankası son yıllarda İslami Finans sisteminin olanaklarını araştırmaya başlamıştır. Bu çevreden bakıldığında, tez konusunun Azerbaycan Finanse Sistemi için faydalı olacağını düşünmekteyiz.
Anahtar Kelimeler: İslam finansı ve bankaçılığı, Mudaraba, Muşaraka.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2012. Supervisor: Assoc. Prof. Dr. Eralp Bektaş.Eastern Mediterranean University (EMU)2013-01-17T07:26:25Z2013-01-17T07:26:25Z2012ThesisIsmayil, Savalan Ismayilov. (2012). The Principles of Islamic Finance, Its Challenges and Policy Suggestions for Azerbaijan. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/347en
oai:i-rep.emu.edu.tr:11129/3532016-03-06T11:04:31Zhdl_11129_2203Intuitive Cognitive Style and Biases in Decision MakingSyagga, Laura. A.Business AdministrationMarketing ManagementDecision Making and Information ManagementCognitive Style - Extroversion - Biases - Rational - Intuitive - AnalyticABSTRACT: The purpose of this paper is to examine the relationship between biases and the cognitive styles. Intuitive decision making has been discouraged because it is heavily associated with bias.The aim of this research is to show that biases affect both analytic cognitive style and intuitive cognitive style in the same measure. The study also examines the relationship between cognitive style and extroversion. The Behavioural Decision theory, Classic Dual Process Theory of Human Cognition and the Rational Decision Making Model were used as the basis for the research. Two hypotheses were tested. The study subjects were conveniently sampled from the Eastern Mediterranean University in North Cyprus. 165 students from different ages, majors of study, nationality and gender were sampled. A survey comprising of 90 questions divided into 5 parts were presented to the students. The parts measured cognitive style, extroversion and biases. Measures of central tendancy, t-test, ANOVA analyses and correlation analyses were carried out to test the hypotheses. The main findings were that biases affect both analytic cognitive style and intuitive cognitive style. Extroversion and cognitive style were found to be negatively correlated. The main practical implication for this study is that individuals should be encouraged to use both analytic cognitive style and intuitive cognitive style in decision making for optimum results. The present study is designed to support the case for intuitive decision making alongside rational decision making by proving that biases affect both cognitive styles.
Keywords: cognitive style, extroversion, biases, rational, intuitive, analytic.
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ÖZ: Bu tezin amacı bilişsel tarz ile önyargıların veya eğilimlerin arasında olası ilişkiyi incelemektir. Sezgisel karar verme önyargıların etkisinde olduğu inancı ile genellikle tavsiye edilmemektedir. Bu çalışmanın hedefi önyargıların hem sezgisel hem de analitik bilişsel tarzı eşit şekilde etkilediğini ortaya koymaktır. Çalışma aynı zamanda bilişsel tarz ile kişilik özellikleri arasında ilişkileri incelemektedir. Davranışsal Karar Kuramı, Klasik Çift Süreç Kuramı ve Rasyonel Karar Verme kuramı temel kuramsal çerçeveyi oluşturmaktadır. İki hipotez test edilmiştir. Çalışma katılımcıları kolayda örneklem yöntemi ile KKTC Doğu Akdeniz Üniversitesi öğrencileri arasından seçilmiştir. Farklı yaşlardan, bölümlerden ve uluslardan 165 öğrenci örneklemde yer almıştır. 5 başlıkta sorulan 90 sorudan oluşmakta olan anket formu ile veri toplanmıştır. Formda bilişsel tarz, dışa dönük kişilik özelliği ve önyargıları ölçen sorular kullanılmıştır. Sonuçlar ANOVA ve korelasyon analizleri ile değerlendirilmiştir. Sonuçlar önyargıların her iki bilişsel tarzı da etkilediğini ortaya koymuştur. Çalışma sonuçları kişilerin özellikle sezgisel bilişsel tarzı kullanmaktan kaçınmaması gerektiğini göstermektedir.Master of Arts in Marketing Management. Thesis (M.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Business Administration, 2012. Supervisor: Prof. Dr. Cem Tanova.Eastern Mediterranean University (EMU)2013-01-17T14:03:06Z2013-01-17T14:03:06Z2012ThesisSyagga, Laura A. (2012). Intuitive Cognitive Style and Biases in Decision Making. Thesis (M.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Business Administration, Famagusta: North Cyprus.http://hdl.handle.net/11129/353en
oai:i-rep.emu.edu.tr:11129/3572016-03-06T11:01:15Zhdl_11129_2203Entrepreneurial Attitude of Students After Graduation (Case Of north Cyprus)Khodadad, Fardad MotarjemiBusiness AdministrationEntrepreneurship - New Business Enterprises - Cyprus, NorthEntrepreneurship - Leadership - Psychological Aspects - Social AspectsEntrepreneurship - GET test (General Enterprising Tendency) - North CyprusABSTRACT: Throughout many years of research and analysis, still there cannot be a complete explanation of behaviors towards business startup and entrepreneurship. Yet so far many do their papers, research and/or thesis on this matter, searching for this matter in details is just like a psychology course, trying to figure a person and is/her personality all together, which is still merely impossible. Based on the impossibility issue of this subject and lack of resources in North Cyprus, models where created to simplify the behavioral factors and to make them more understandable. Based on these models, factors such as family background, demographics and personality traits where focused on. All these models were made to give one answer and that is how students graduated from EMU University would behave towards entrepreneurship and business startups after graduation. GET I test was used to determine the answer of couple of hundred students on how they may behave towards starting a business , all the evidence and the test itself is given in the methodology part of this thesis.
Keywords: Entrepreneurship, GET test, North Cyprus.
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ÖZ: Yıllar süren araştırmalar hala daha hangi tür davranışların yeni iş yeri kurma ve girişimci olmayı etkilediğini tam olarak açıklayamamaktadır. Bu davranışı anlayabilme yönünde araştırmalar ve/veya tez çalışmaları yapılmaya devam etmektedir. Bu araştırmalarda hangi kişilerin ve ne tür kişiliklerin girişimci olabileceği yer almaktadır. Kuzey Kıbrıs Türk Cumhuriyeti’nde bu yönde yapılan sistematik ve bilimsel bir araştırmaya rastlanmamıştır. Bu çalışma girişimciliği anlama yönünde Durham Üniversitesi’nin geliştirdiği GET (General Enterprising Tendency) testini kullanmıştır. GET testi 54 sorudan oluşmaktadır. Bu sorular ise girişimciliği oluşturabilecek 5 boyutu (1: Başarı ihtiyacı, 2: Bağımsızlık/otonomi ihtiyacı, 3: Yaratıcılık eğilimi, 4: Hesaplanabilir risk alma eğilimi, 5: Kararlılık) içermektedir. GET testi Doğu Akdeniz Üniversitesi genelinde rastgele seçilmiş 174 öğrenciye uygulanmıştır.Master of Business Administration. Thesis (M.B.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Business Administration, 2012. Supervisor: Assoc. Prof. Dr. Mustafa Tümer.Eastern Mediterranean University (EMU)2013-01-18T06:38:09Z2013-01-18T06:38:09Z2012ThesisKhodadad, Fardad Motarjemi. (2012). Entrepreneurial Attitude of Students After Graduation (Case Of north Cyprus). Thesis (M.B.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Business Administration, Famagusta: North Cyprus.http://hdl.handle.net/11129/357en
oai:i-rep.emu.edu.tr:11129/3612016-03-06T10:29:28Zhdl_11129_2203Oil Price Shocks and Stock MarketsElçin, MustafaBanking and FinancePetroleum Industry and TradeOil Prices and Finance - Oil Prices ShocksOil Prices - Stock Markets - Output - BoundsTests - ECMABSTRACT: This study investigates long term relationship between output, oil price and stock market movements in the selected countries from different regions for comparison purposes such as Germany, Japan, Singapore, South Africa, Turkey, UK and USA. Using annual data from 1973 to 2010, empirical analysis shows that oil and stock markets are long term determinants in these countries. It is investigated that real income in these countries converges to its long term equilibrium level at reasonable levels through the channels of oil markets, stock markets, and business environment (as proxied by industrial value added).
Keywords: Oil prices; Stock markets; Output; Bounds Tests; ECM.
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ÖZ: Bu çalışmada, Almanya, Japonya, Singapur, Güney Afrika, Türkiye, İngiltere ve ABD gibi farklı bölgelerden seçilen ülkelerdeki çıktı, petrol fiyatı ve borsa hareketleri arasındaki uzun dönemli ilişkiyi araştırmayı hedeflemiştir. Çalışmada 1973 ve 2010 arası yıllık verileri kullanılarak, ampirik analiz petrol ve hisse senedi piyasaları, bu ülkelerde uzun vadeli belirleyicileri olduğunu göstermektedir. Bu ülkelerde reel gelir petrol piyasaları, hisse senedi piyasaları ve iş ortamı kanallardan makul seviyelerde uzun dönem denge düzeyine yakınsar incelenmiştir.
Anahtar Kelimeler: Petrol fiyatları; Hisse senedi piyasaları; Çıktı; Sınır testi; Hata düzeltme modeli.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2012. Supervisor: Assoc. Prof. Dr. Salih Katırcıoğlu.Eastern Mediterranean University (EMU)2013-01-18T11:18:17Z2013-01-18T11:18:17Z2012ThesisElcin, Mustafa. (2012). Oil Price Shocks and Stock Markets. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/361en
oai:i-rep.emu.edu.tr:11129/5882016-03-07T08:27:16Zhdl_11129_2203The Problem of the Turkish Immigrants in TRNC in the Light of International LawÇakır, NerimanInternational RelationsCyprus - International Status - International LawTurkish Immigrants - International Law - Cyprus, NorthABSTRACT: This thesis examines the presence of Turkish immigrants in North Cyprus and the ways this issue needs to be solved in light of international law. The aim of this thesis is to investigate all different arguments about the Turkish immigrants and to analyze them. The most important one among many different research questions of this thesis is ―in the future plan, what will be the legal status of the Turkish immigrants in Cyprus? What are and what will be their rights in this European land? The issue of Turkish immigrants is a complicated one, therefore, I will try to find answers among contrasting ideas. Hence, I will try to obtain the correct number of Turkish immigrants, their objectives, motivations and effects of their existence in the island on politics in the TRNC. In addition, this research will examine different examples in the world in which settlement problems were attempted to be solved, and in the light of this information, I will shed light on the issue of Turkish immigrants for ongoing negotiations and make some predictions about how this problem might be solved.
Keywords: Turkish immigrants, Cyprus problem, international law, TRNC.
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ÖZ: Bu tez Kuzey Kıbrıs‘ta bulunan Türk göçmenler konusunu ve göçmenler konusunun uluslararası hukuk ışığında nasıl çözülmesi gerektiğini ele almaktadır. Bu tezin amacı Türk göçmenler hakkındaki bütün farklı görüşleri ortaya koymak ve analiz yapmaktır. Bu tezdeki en önemli araştırma sorusu ―gelecek bir planda Türk göçmenler nasıl bir yasal statü altında adada kalacaktır? Ve göçmenlerin bu Avrupa toprağındaki hakları nelerdir ve neler olacaktır? Türkiyeli göçmenler konusu komplike bir konudur. Bu yüzdende bu tezde farklı görüşler ortaya koyulacak ve bu görüşler ışığında gerçekci ve ispatlanabilen görüşler ortaya çıkarılacaktır. Türkiyeli göçmenlerin amacı, motivasyonu, sayıları ve adadaki varlıklarının KKTC`nin politikasına nasıl etkide bulunduğu tartışılacaktır.
Bunlarin yani sıra, bu tezde dünyadaki farklı yerleşim problemleri incelenecek ve bu bilgiler ışığında Kıbrıs‘taki çözüm sürecine katkıda bulunulmaya çalışılacaktır.
Anahtar Kelimeler: Türk göçmenler, Uluslararası hukuk, Kıbrıs sorunu, KKTC.Master of Arts in International Relations. Thesis (M.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of International Relations, 2010. Supervisor: Assoc. Prof. Dr. Kudret Özersay.Eastern Mediterranean University (EMU)2013-02-20T07:45:13Z2013-02-20T07:45:13Z2010ThesisCakir, Neriman. (2010). The Problem of the Turkish Immigrants in TRNC in the Light of International Law. Thesis (M.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of International Relations, Famagusta: North Cyprus.http://hdl.handle.net/11129/588en
oai:i-rep.emu.edu.tr:11129/5992016-03-06T10:20:07Zhdl_11129_2203Factors Affecting the Profitability of Banking System in KyrgyzstanMyktybekovich, Sanzhar ToibolotovBanking and FinanceBanks and Banking - KyrgyzstanProfitability - Kyrgyzstan - Banks - Financial Statement - Panel DataABSTRACT: The main goal of this work is to identify the key factors that have a positive effect on the profitability of banks in Kyrgyzstan. In this study, the banks are selected according to their asset sizes. I selected 10 largest banks in Kyrgyzstan. The main factors were chosen according the method of supervisory rating CAMELS. Internal and external factors were considered separately. As internal factors, which are bank-specific factors, wechose the size, liquidity ratio, asset quality ratio and others. As external factors GDP per personin the country was used.In this research, the panel data was used to make the empirical analysis on key profit ability factors of commercial banks in Kyrgyzstan. All data was taken from financial statements that come from official bank’s websites over period of 2006 – 2011. In this study, four significant variables were found. Capital adequacy and management ratios are positively related to profitability determinants.
Keywords: Profitability, Kyrgyzstan, Banks, Financial Statement, Panel Data.
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ÖZ: Bu çalışmanın temel amacı, Kırgızistan'daki bankaların kârlılığı üzerinde olumlu bir etkiye sahip anahtar faktörleri tespit etmektir. Bu çalışmada, bankaların aktif büyüklüklerine göre seçilmistir. Ben Kırgızistan'nın 10 büyük bankası incelenmistir. Temel faktörler denetleme derecelendirme CAMELS yöntemine gore seçilmiştir. İç ve dış faktörler ayrı ayrı kabul edilmiştir. Banka özgü faktörler iç faktörler, olarak, büyüklük, likidite oranı, aktif kalitesi oranı ve diğerleri. Kişi başına ve ülkenin dış faktörlerin GSYİH kullanılmıştır. Bu araştırmada, panel verileri Kırgızistan'da ticari bankaların önemli karı etkileyen faktörler ampirik analiz yapılarak kullanıldı. 2006 -2011 yılları arasındaki veriler resmi banka web sitelerinden elde edilen finansal tablolard analınmıştır.Bu çalışmada, dört önemli değişken bulunmuştur. Sermaye yeterliliği ve yönetim oranları olumlu kârlılık belirleyicileri olmuştur.
Anahtar Kelimeler:Karlılık, Kırgızistan, TicariBankalar, FinansalPerformans, Panel VeriMaster of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2013. Supervisor: Assoc. Prof. Dr. Nesrin Özataç.Eastern Mediterranean University (EMU)2013-08-12T06:51:05Z2013-08-12T06:51:05Z2013ThesisMyktybekovich, Sanzhar Toibolotov. (2013). Factors Affecting the Profitability of Banking System in Kyrgyzstan. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/599en
oai:i-rep.emu.edu.tr:11129/6082016-03-07T06:14:46Zhdl_11129_2203Key Success Factors for Knowledge Management & Knowledge Management System Initiative: Case study of EMUMiklyaev, MikhailBusiness AdministrationManagement Information Systems - Eastern Mediterranean University - Famagusta (Cyprus,North)Knowledge Management - Information TechnologyKnowledge Management - Knowledge Management SystemsABSTRACT: Management Information System (MIS) is a system that provides all data necessary to manage organization in a more effective and efficient way. Today more than 90 per cent of key business processes are linked to information technology. Competition forces both small and large businesses to introduce some kind of information system to their business. Range of such systems is huge starting from small web site and ending with enterprise systems. Firms may spend tremendous amount of resources to introduce MIS, however the payoff may be very little, or even lack at all. Because of the inability to successfully introduce MIS organizations loose huge amount of resources as well as advantages of competition. This study will focus on one particular MIS type, called Knowledge Management Systems [KMS]. It will examine Key Success Factors (KSFs) for Knowledge Management [KM] and KMS initiative, based on the literature review including both: Managerial side, which particularly indicates inability of the management to restructure organization according to the new requirements, leadership and top management commitment, presence of knowledge sharing culture, systematic knowledge audit and etc. - Sustain commitment of top management to Knowledge Management System integration, usability and user centered design, network design, meta – tags and etc. This study is mainly based on the theoretical case studies of the most common reasons for the KMS failures and KSFs. We also examined current KM situation in Eastern Mediterranean University [EMU] and proposed a model for the successful KM initiative and integration of KMS to the university.
Keywords: Knowledge Management, Knowledge Management Systems.
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ÖZ: Yönetim Bilişim Sistemleri, işletmelerin daha etkili ve verimli bir şekilde yönetilebilmeleri için gereken tüm verileri sağlayan bir sistemdir. Günümüzde temel iş süreçlerinin yüzde 90’ından fazlası bilgi teknolojisi ile bağlantılıdır. İşletmeler farklı türdeki bilişim sistemlerini kendi işlerinde kullanabilmek için büyük miktarda kaynak harcamaktadır. Bu çalışma, özel bir yönetim bilişim sistemi olan bilgi yönetim sistemi üzerine yapılmıştır. Bilgi yönetim sisteminin modern işletmelerde kullanılabilmesi için gereken hem yönetsel hem de teknik yönden önemli etkenler üzerine birçok çalışma yapılmıştır. Bunun yanında akademik enstitülerdeki bilgi yönetimi seviyesi ve bilgi yönetim sistemi gelişimi üzerine de çalışmalar yapılmaktadır. Bu çalışmanın amacı, bilgi yönetiminin DAÜ’deki seviyesini analiz etmek ve bilgi yönetim sisteminin üniversiteye yerleşebilmesi için başarılı bir model önermektir.
Anahtar kelimeler: Yönetim Bilişim, Yönetim Bilişim Sistemleri.Master of Business Administration. Thesis (M.B.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Business Administration, 2012. Supervisor: Assoc. Prof. Dr. Mustafa Ilkan.Eastern Mediterranean University (EMU)2013-08-12T10:23:38Z2013-08-12T10:23:38Z2013ThesisMiklyaev, Mikhail. (2013). Key Success Factors for Knowledge Management & Knowledge Management System Initiative: Case Study of EMU. Thesis (M.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Business Administration, Famagusta: North Cyprus.http://hdl.handle.net/11129/608en
oai:i-rep.emu.edu.tr:11129/6102016-03-06T10:33:05Zhdl_11129_2203The Systematic Risk Determinants of Tourism Industry in TurkeyArslan, ÇiğdemBanking and FinanceTourism Sector - Finacial Variables - TurkeySystematic Risk (Beta) - Financial Variables - Listed Companies - Systematic-Risk DeterminatsABSTRACT: Many empirical research has been performed about systematic risk wich related firm specific variables to the Capital Asset Pricing Model (CAPM) (Ying & Cheng, 2007). This thesis studies six listed tourisms industries in Turkey which are five different hotels from five different geographic areas in Turkey and Turkish Airline for the period of 1997-2011. Panel econometric analysis is employed with six financial variables which are explored as determinants of systematic risk in this respect. Financial indicators such as, the liquidity, debt leverage, operating efficiency, profitability, firm size and growth of the hotels are also linked to their systematic risk of the tourism industry in Turkey. Models which releted with systematic risk end up that, growth are negatively associated with the systematic risk. However; liquidity, debt leverage, operating efficiency and profitability are not found statistically significantly related to the systematic risk. Results of this research will be important in effectively managing the hotel business not only in Turkey but also in other tourist destination countries.
Keywords : Systematic risk (Beta), Financial Variables, Listed Companies, Systematic-risk determinants.
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ÖZ: Türkiye’nin turizm sektöründe faaliyet gösteren beş farklı oteli ve THY da dahil olmak üzere 1997-2011 yıl aralıkları ele alınarak oluşturulan veriler bu çalışmada kullanılmıştır. Panel serili ekonomik analiz kullanılarak incelenen altı finansal değişken bu bağlamda sistematik risk belirleyicileri olarak test edilmiştir. Likidite, borç kaldıracı, işletme verimliliği, işletme karlılığı, firma genişliği ve büyüme oranı gibi mali göstergeler dikkate alınarak Türkiye’nin turizm sektöründeki sistematik riski belirlenmeye çalışılmıştır. Bu bağlamda büyüme oranının sistematik risk ile ters orantılı boyutta yükseldiği sonucuna varılmış ancak, likidite, borç kaldıracı, işletme verimliliği ve karlılık oranlarının sistematik riskle önemli ölçüde ilişkisine rastlanılmamıştır. Bu çalışma sonuçları; gerek Türkiye ‘de gerekse diğer ülkelerdeki turizm firmalarının yönetimleri için önem arz etmektedir.
Anahtar Kelimeler: Sistematik risk (Beta), Finansal Değişkenler, Halka açık şirketler, Sistematik risk belirleyicileri.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2013. Supervisor: Assoc. Prof. Dr. Salih Katırcıoğlu.Eastern Mediterranean University (EMU)2013-08-12T11:02:19Z2013-08-12T11:02:19Z2013ThesisArslan, Cigdem. (2013). The Systematic Risk Determinants of Tourism Industry in Turkey. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/610en
oai:i-rep.emu.edu.tr:11129/6132016-03-06T10:32:23Zhdl_11129_2203Profitability of the Jordan Banking Sector: Panel Evidence on Bank Specific and Macroeconomics DeterminantsTaha, AmjadBanking and FinanceBanks and Banking - JordanBank Profitability - Panel Data - JordanABSTRACT: In this study, we analyzed the relationship between the profitability of banks and macroeconomic factors in Jordan banking sector considering 7 banks within the period 7 years from 2005 until 2011. In this case, we used a panel data to investigate that relationship. We found out the bank specific factors have more impact to the profitability of banks in Jordan as compared with the macroeconomic factors. With respect to the results inflation rate turned out to be insignificant. We concluded by recommending some possible solutions to the problems we came across in this study.
Keywords: Bank profitability, panel data, Jordan.
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ÖZ: Bu çalışmanın amacı, 2005-2011 yıllarını içeren yedi yıllık süreçte Ürdün bankalarının banka kârlılığının gerek banka içsel faktörler gerekse makroekonomik faktörler baz alınarak incelenmesini içermektedir. Bu ilişkileri ampirik olarak test etmek için panel regresyon analizi uygulanmıştır. Analiz sonuçlarına göre banka karlılığına makroekonomik faktörlerin etkisinden çok içsel faktörlerin etki ettiği görülmektedir. Bunun yanında, enflasyon oranının banka karlılığına istatistiksel olarak anlamlı bir etkisi bulunmamaktadır. Çalışmada, analiz sonucuna göre olası uygulanabilir sonuçlara da yer verilmiştir.
Anahtar Kelimeler: Banka karlılığı, panel veri, Ürdün.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2013. Supervisor: Assoc. Prof. Dr. Nesrin Özataç.Eastern Mediterranean University (EMU)2013-08-12T11:59:51Z2013-08-12T11:59:51Z2013ThesisTaha, Amjad. (2013). Profitability of the Jordan Banking Sector: Panel Evidence on Bank Specific and Macroeconomics Determinants. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/613en
oai:i-rep.emu.edu.tr:11129/6142016-03-06T10:26:35Zhdl_11129_2203The Impact of Economic Growth, Energy, and Financial Sector Development on the Environmental Quality; Evidence from the Developed and Developing Countriesİmamoğlu, HaticeBanking and FinanceEconomic Growth - Energy - Environmental AspectsCarbon Dioxide - Environmental AspectsCO2 Emissions - Energy - Income - Financial Development - International TradeABSTRACT: This thesis investigates estimates finance induced Environmental Kuznets Curve hypothesis in order to put forward empirical relationship between carbon dioxide emissions and financial development. Annual data ranging from 1960 to 2011 has been employed to both time series and panel setting for developed and developing countries. Results from both time series and panel data analyses suggest that carbon dioxide emissions in developed and developing countries are in long-term equilibrium relationship; trade and finance sectors have long-term significant impact on carbon emissions and therefore carbon emissions converge to their long-term equilibrium levels through the channels of finance and trade sectors. However, speed of adjustment is different across countries and financial expansion is negatively related to carbon emissions. Impulse response analyses prove that finance and trade sectors have negative (reducing) impact on the emissions levels in the case of developed economies while they have positive impact in the case of developing economies. This supports the reality that developed countries are more successful in adapting energy conservation policies than developing countries. Therefore, authorities in developing countries need to adapt conservation policies effectively in order to prevent increases in emissions levels through expansion in financial and trade sectors.
Keywords: CO2 Emissions; Energy; Income; Financial Development; International Trade.
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ÖZ: Bu tez, finansal büyüme değişkenini “Çevresel Kuznets Eğrisi” modeline ekleyerek gelişmiş ve gelişmekte olan devletlerin karbondioksit emisyonları ve reel gelir, enerji tüketimi, finansal gelişme, ve ticaret gibi makro ekonomik büyüklükler arasındaki amprik ilişkiyi araştırır. 1960 ve 2011 yılları arasındaki yıllık veriler kullanılarak kullanılarak zaman serisi verileri ve panel verileri oluşturuldu. Zaman serisi veri analizinin ve panel veri analizinin neticeleri, finansal büyüme ve ticaret sektörünün karbondioksit emisyonu üzerindeki uzun dönem etkisi birtakım gelişmiş ve gelişmekte olan ülkerde ortaya konulmuştur. Dolayısıyle karbondioksit emisyonu uzun dönem denge seviyelerine, finans ve ticaret sektörü kanallarınca yaklaşmaktadır. Fakat bu yakınsama, ülkelerarası farklı seviyelerdedir. Bazı ülkelerde, finansal gelişmenin emisyon hacmi üzerinde azaltıcı yönde etkisi olduğu tespit edilmiştir. İmpals etki analizleri, finans ve ticaret sektörlerinin gelişmiş olan ülkelerde karbondioksit emisyonları üzerinde negatif (azaltıcı) etkisi olduğu gözlemlenirken; gelişmekte olan ülkelerde pozitif etkisi olduğu gözlemlenmiştir. Bu gerçeklik ise gelişmiş olan ülkelerin enerji koruma politika uygulamalarında gelişmekte olan ülkelerden daha başarılı olduğunu ispatlamıştır. Dolayısıyla otoritelerin gelişmekte olan ülkelerde, enerji koruma politika uygulamalarında, finansal ve ticaret alanlarındaki gelişmelerin emisyon alanındaki büyümesinin önlenmesi amacı ile daha etkili olmaları gerekmektedir.
Anahtar Kelimeler: CO2 Emisyonu; Enerji; Gelir; Finansal Gelişme; Uluslararası Ticaret.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2013. Supervisor: Assoc. Prof. Dr. Salih Katırcıoğlu.Eastern Mediterranean University (EMU)2013-08-12T12:08:43Z2013-08-12T12:08:43Z2013ThesisImamoglu, Hatice. (2013). The Impact of Economic Growth, Energy, and Financial Sector Development on the Environmental Quality; Evidence from the Developed and Developing Countries. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/614en
oai:i-rep.emu.edu.tr:11129/6182016-03-06T10:57:08Zhdl_11129_2203Comparison of Macroeconomic Performance of Selected sub- Saharan African CountriesAlagbe, OmobolaBusiness AdministrationMarketing ManagementAfrica - Economic Conditions and DevelopmentGhana - Cameroon - Kenya - South Africa - Economy - Economic ConditionsGrowth Rate - Investment - Inflation - Exports - Foreign DirectABSTRACT: This study investigates the comparison of economic performance in four selected
African countries which includes South Africa, Cameroon, Kenya and Ghana and attempts to analyze the nature of the effects of selected parameters on long run economic growth both at individual country level and also collectively. The sample period of the analysis is in between 1980-2010. The results presented in this study is on the comparative analysis that was done based on long term average and the short term average measures of the economic growth ranging from 1980-1990, 1991-2000 and 2001-2010 respectively, looking into six macroeconomic parameters that include inflation, investment rate, rate of trade openness, government debt, gross inflow of FDI and government consumption expenditures all as a percentage of GDP in order to compare the performance of all these countries according to these parameters, in addition econometric analysis was carried out based on all of these parameters in other to test for their relationship with growth rate of GDP. Multiple regression analysis has been applied both at individual country level and also collectively utilizing panel estimation method for all the four
countries in the sample of the study. From the regression analysis for the individual country results suggested that investment, FDI, government debt, government consumption expenditure has a positive relationship with growth, On the other hand inflation and trade openness has been found to have a negative effect on growth for all the countries, all of these results are significant for all the countries except for inflation, export and government consumption expenditures. But in the case of Cameroon inflation was found to affects growth in a negative way but the result shows a significant result for Cameroon. Furthermore the panel results shows for all the countries together as Investment, FDI, Debt, consumption expenditures have positive effects on growth, inflation has a negative effect on growth, and the result shows that all of these are significant except for inflation and government consumption expenditures.
Keywords: Growth rate, Investment, Inflation, Exports, Foreign direct.
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ÖZ: Bu çalışma Güney Afrika, Kamerun, Kenya ve Gana ve hem bireysel hem ülke düzeyinde hem de topluca uzun dönem ekonomik büyüme üzerinde seçilen parametrelerin etkilerinin niteliği analiz girişimleri içeren dört seçilmiş Afrika ülkelerinin ekonomik performansının karşılaştırılması inceler. Analizi örneklem dönemi1980-2010arasındadır. Bu çalışmada sunulan sonuçlar altı makroekonomik parametrelere bakarak, uzun vadeli ortalama ve sırasıyla 1980-1990, 1991-2000 ve 2001-2010 arası değişen ekonomik büyümenin kısa vadeli ortalama ölçümlere dayanarak yapıldığını karşılaştırmalı analizine olduğunu enflasyon, yatırım oranı, dışa açıklık oranı, devlet borçları, DYY ve GSYİH yüzdesi olarak kamu tüketim harcamalarının bu
parametrelere göre tüm bu ülkelerin performanslarını karşılaştırmak amacıyla brut girişi dahil, ek olarak ekonometrik analiz yürütülmüştür GSYİH büyüme oranı ile ilişkisini test etmek için diğer tüm bu parametreleri esas. Çoklu regresyon analizi bireysel ülke düzeyinde hem de topluca çalışmanın örneklemini tüm dört ülke için. Bireysel ülke sonuçları için regresyon analizinden yatırım, DYY, devlet borçları, kamu tüketim harcamaları diğer yandan enflasyon ve ticaret açıklık bütün ülkeler için büyüme üzerinde olumsuz bir etkiye sahip olduğu tespit edilmiştir üzerinde büyüme ile pozitif bir ilişki vardır önerdi , Tüm bu sonuçlara enflasyon, ihracat ve hükümet tüketim harcamaları dışındaki tüm ülkeler için önemlidir. Ancak Kamerun şişirme durumunda olumsuz bir şekilde büyümesini etkiler bulunmuştur ancak sonuç Kamerun için önemli bir sonucunu göstermektedir edildi. Ayrıca panel sonuçları birlikte tüm ülkelerin Yatırım olarak, DYY, Borç, tüketim harcamaları büyüme üzerinde olumlu etkileri vardır fro gösterir, enflasyonun sonucu tüm bu enflasyon ve hükümet tüketim harcamaları.
Anahtar Kelimeler: Büyüme oranı, Yatırım, Enflasyon, İhracat, doğrudan yabancı.Master of Arts in Marketing Management. Thesis (M.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Business Administration, 2012. Supervisor: Prof. Dr. Serhan Çiftçioğlu.Eastern Mediterranean University (EMU)2013-08-13T06:33:11Z2013-08-13T06:33:11Z2013ThesisAlagbe, Omobola. (2013). Comparison of Macroeconomic Performance of Selected sub- Saharan African Countries. Thesis (M.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Business Administration, Famagusta: North Cyprus.http://hdl.handle.net/11129/618en
oai:i-rep.emu.edu.tr:11129/6262016-03-07T08:24:55Zhdl_11129_2203The African Regional Human Rights System: Comparing The African Human Rights Law System And The European And Inter-American Human Rights Systems Within A Normative And Institutional FrameworkObi, Anita OgechiPolitical Sciences and International RelationsHuman Rights - AfricaHuman Rights - Enforcement - African Human Rights System - African Charter - European Human Rights SystemABSTRACT: This study is titled ‘The African regional human rights system: Comparing the African human rights law system and the European and inter-American human rights systems within a comparative and institutional framework’. It centers on a critical evaluation of the entire African, European and inter-American human rights systems, within a normative and institutional framework. The study critically reviews the vast scholarly discourses and arguments on the global issue of the regional enforcement of human rights law in Africa. Part of the study focuses on the historical antecedents of human rights on the continent and in essence, seeks explanations to the origins, scope and evolution of human rights law in Africa. This is achieved mainly by the quest to also find answers to questions such as: Was the concept of human rights recognized in Africa before the colonial era? When did Africa’s regional system emerge, and what were the factors that led to its establishment? What is the current status of international human rights law in Africa? Thus, the study provides better understanding to the philosophical and historical origins of Africa’s regional human rights system. The study then proceeds to launch a comparative analysis of the three systems being discussed in the study, highlighting the normative and institutional similarities and differences between the systems. This is done in order to facilitate a better understanding of the operationalization process of the African system in general and also to enable the writer make credible suggestions for future reforms in the system. The study concludes with recommendations and suggestions on the possible ways to reform or restructure the African human rights system. One of the major findings of the study is that, the African regional human rights system could be more effective with the appropriate reforms in the necessary areas.
Keywords: Human rights; enforcement, African human rights system; African charter; European human rights system.
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ÖZ: 'Afrika bölgesel insan hakları sistemi: Afrika, Avrupa ve Amerika İnsan Hakları Sistemlerine Hukuksal ve Kurumsal Karşılaştırmalı Bakış' isimli bu çalışma üç farklı insan hakları sistemini eleştirel bir bakış açısıyla, kurumsal,ve normatif açılardan karşılaştırmayı amaçlamaktadır. Çalışma Afrika insan haklari sisteminin yaptırım gücünü akademik söylemler ve küresel argümanlar çerçevesinde değerlendirmektedir. Bunu yaparken çalışma öncelikle Afrika kökenli insan hakları değerlerinin kaynağını, kapsamını ve nasıl evrildiğini ortaya koymaktadır. Bu kapsamda temel iki araştırma sorusu cevaplanmıştır. Bunlardan ilki ‘Koloni dönemin den önce Afrika’da insan haklar olgusu tanınıyor muydu?’ veikincisi de ‘Afrika bölgesel insan haklari sistemi ne zaman ortaya çıkmıştır ve bu sistemin oluşmasında ne gibi etkenler rol almıştır?’ şeklinde olmuştur. Çalışma bu soruları cevaplayarak Afrika Bölgesel İnsan Hakları sisteminin felsefi ve tarihsel kökenlerini daha iyi anlaşılmasıni sağlamaktadır. Çalışma ardından normatif ve kurumsal benzerlikleri açısından bahsi geçen üç insan hakları sistemini karşılaştırmalı şekilde incelemiştir.Burada amaç, genel olarak Afrika sisteminin daha iyi anlaşılmasına yardımcı olmak ve işletilmesine engel olan engelleri ortaya çıkarmaktır. Böylece bu çalışma ile sistemde yapılacak reformlar konusunda öneride bulunmak mümkün kılınmıştır. Çalışma sonuç bölümünde Afrika insan hakları sistemi için reform ve yeniden yapılandırma konuların da tavsiyeler ve önerilerde bulunur. AnahtarKelimeler: İnsan Hakları; Afrika insan hakları sistemi; Afrika Şartı,Avrupa İnsan Hakları Sistemi.Master of Arts in International Relations. Thesis (M.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of International Relations, 2012. Supervisor: Assist. Prof. Dr. Berna Numan.Eastern Mediterranean University (EMU)2013-08-13T08:19:31Z2013-08-13T08:19:31Z2012ThesisObi, Anita Ogechi. (2012). The African Regional Human Rights System: Comparing The African Human Rights Law System And The European And Inter-American Human Rights Systems Within A Normative And Institutional Framework. Thesis (M.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of International Relations, Famagusta: North Cyprus.http://hdl.handle.net/11129/626en
oai:i-rep.emu.edu.tr:11129/6272016-03-06T10:26:47Zhdl_11129_2203Interactions between Business Conditions and Financial Performance of Airlines in Top Ranking Tourism Destination Countries: an Empirical Investigation from Panel Data AnalysisFarhangmehr, SaraBanking and FinanceStock Prices - Business Conditions - Panel Data Analysis - Error Correction ModelABSTRACT: This thesis focuses on investigations the role of real income and industry sector on stock price movements in important airline companies around the world. Panel data analysis has been employed with this respect. Results of the thesis prove that economic growth and industrial growth exerts statistically significant impact on stock price movements of international airline companies. Stock prices converse to long term path by 4.10 percent through macroeconomic activity and business conditions.
Keywords: Stock Prices; Business Conditions; Panel Data Analysis; Error Correction Model.
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ÖZ: Bu tez çalışması dünya genelinde önemli hava yolu şirketlerinde ekonomik faaliyetler ile finansal performans arasındaki ilişkiyi incelemektedir, varılan sonuçlara göre ülkelerdeki ekonomik faaliyet ile sanayi üretiminin havayolu şirketlerinin hisse senedi ve dolayısıyle finansal performanslar, üzerinde anlamlı bir etkisi tespit edilmiştir. Havayolu şirketlerinin hisse senedi fıyatları uzun dönem denge düzeyine ekonomik faaliyet ve iş dünyası kanalıyla 4.10% hızla yaklaşmaktadır.
Anahtar kelimeler: Hisse Senedi Fiyatları; İş Dünyası; Panel Veri Analizi; Hata Düzeltme Modeli.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2013. Supervisor: Assoc. Prof. Dr. Salih Katırcıoğlu.Eastern Mediterranean University (EMU)2013-08-13T08:31:16Z2013-08-13T08:31:16Z2013ThesisFarhangmehr, Sara. (2013). Interactions between Business Conditions and Financial Performance of Airlines in Top Ranking Tourism Destination Countries: an Empirical Investigation from Panel Data Analysis. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/627en
oai:i-rep.emu.edu.tr:11129/6392016-03-06T10:20:20Zhdl_11129_2203Financial Performance of Islamic Banks vs. Conventional Banks:The Case of MalaysiaHamedian, BahmanyarBanking and FinanceIslamic Banking - Conventional Banking - MalaysiaBanks and Banking - MalaysiaIslamic Banking - Conventional Banking - ProfitabilityABSTRACT: There is no doubt that banks play a vital role in the economy of all countiries. Stability of economy dependends basically on banks’ well-performance within a country. This study is intended to examine financial performance of two deifferent banking systems in Malaysia: Islamic versus Conventional. Main aim of this study is to compare banks’ profitability ratio including Return on Assets (ROA) and Return on Equity (ROE), and also find out their behaviour in the world 2008 financial crisis . In order to investigate and compare these two banking systems, 7 Islamic and 7 Conventional banks were selected among malaysian banking sector. Data was extracted from annual financial reports of banks for the period of 2005-2011. Applying E-views software some correlation and regression analysis were carried out on data and tried to find out the impact of some independent variables (bank spesific factors) including capital adequacy (CAR), liquidity (LQR), asset quality (ASQ), management efficiency (EFF), and Dummy on ROA and ROE of banks.Regarding our impirical analysis conventional banks performed better than itsIslamiccounterparts in terms of profitabilty. However, Islamic banks’ performance during 2008 financial crisis was better as compared to conventional banks. Keywords: Islamic Banking, Conventional Banking, Profitability.
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ÖZ: Bankalar hiç kuşkusuz ki ekonomide çok önemli rol oynamaktadır. Bu nedenle banka performansları ekonomik stabilite için vazgeçilmezdir. Bu nedenle, çalışmada, Malezya’da mevcut olan İslam ve Geleneksel Bankacılık sistemlerinin performansları ele alınmaktadır. Banka performanslarının incelerken karlılık oranlarının yanı sıra 2008 finansal banka krizi de dikkate alınmıştır. Tezde toplam 14 banka olmak üzere 2005-2011 yıllarını baz alınarak E-views yardımı ile korelasyon ve regresyon analizleri yapılmış ve karlılığı etkileyen faktörler belirlenmiştir. Sonuç olarak, geleneksel bankaların genel olarak İslam bankalarına göre daha karlı oldukları belirlense de 2008 kriz döneminde İslam Bankalarının daha sağlam durdukları gözlemlenmiştir. AnahtarKelimeler: İslam Bankacılık, Geleneksel Bankacılık, Karlılık.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2013. Supervisor: Assoc. Prof. Dr. Nesrin Özataç.Eastern Mediterranean University (EMU)2013-08-14T04:49:16Z2013-08-14T04:49:16Z2013ThesisHamedian, Bahmanyar. (2013). Financial Performance of Islamic Banks vs. Conventional Banks:The Case of Malaysia. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/639en
oai:i-rep.emu.edu.tr:11129/6412016-03-05T21:13:52Zhdl_11129_2203The Determinants of Bank’s Profitability in NigeriaAminu, Aminu BashirBanking and FinanceBanks and Banking - NigeriaPerformance - Profitability - Banking Industry - MacroeconomicABSTRACT: The study was conducted to find out the impact of bank specific and macroeconomic factors on the profitability of seven (7) selected banks from Nigeria for a period of seven (7) years from 2005-2011. A panel regression analysis was used to find out these relationships empirically. The estimation results indicated that management efficiency has been a driving force in determining the profitability of banks in Nigeria with respect to the short-run analysis. However, the study also indicated how macroeconomic factors such as GDP growth rate had a negative impact on the profitability of Nigerian banks, which is no surprise due to unsettled policy reformations during the last few years. The study concluded with some remarks on possible implementations of the findings.
Keywords: Performance, Profitability, Banking Industry, macroeconomic.
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ÖZ: Bu çalışmanın amacı, 2005-2011 yıllarını içeren yedi yıllık süreçte Nijerya bankalarının banka kârlılığının gerek banka içsel faktörler gerekse makroekonomik faktörler baz alınarak incelenmesini içermektedir. Bu ilişkileri ampirikolarak testetmek için panel regresyon analizi uygulanmıştır. Kısa dönem baz alındığında Nijerya bankacılık karlılığını belirlemedeki en önde yer alan nokta yönetim etkinliği olmuştur. Çalışma aynı zamanda makroekonomik faktörler dikkate alındığında GSMH`nin banka karlılığı üzerinde negatif bir ilişki ortaya koymaktadır. Bu bulgu son yıllardaki reformlarla da örtüşmektedir. Çalışmada, analiz sonucuna göreolası uygulanabilir sonuçlar da yer almaktadır.
Anahtar Kelimeler: Performans, kârlılık, bankacılık, makroekonomik.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2013. Supervisor: Assoc. Prof. Dr. Nesrin Özataç.Eastern Mediterranean University (EMU)2013-08-14T05:34:49Z2013-08-14T05:34:49Z2013ThesisAminu, Aminu Bashir. (2013). The Determinants of Bank’s Profitability in Nigeria. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/641en
oai:i-rep.emu.edu.tr:11129/6432016-03-08T09:01:38Zhdl_11129_2203Economic Impact of External Income Through Labor Mobility on Economic Well-being in North Cyprus – CGE Model ApproachGiritli, NuruEconomicsEconomic Conditions - Cyprus, NorthGeneral Equilibrium Model - Factor Income From Abroad - Remittances - Labor Mobility - North Cyprus EconomyABSTRACT: The objective of this thesis is twofold; first, to construct the first Computerized General Equilibrium (CGE) Model for the North Cyprus economy second, using the CGE model to explore the impact of external factor income in terms of remittances resulted from migration on the economic well-being in North Cyprus. The general equilibrium model is the first comprehensive model describing the economic activities in North Cyprus, and it is constructed as follows: Production process follows a 3-level nested CES function at the primary production level and Leontief structure at the intermediate level. Households demand commodities and services given that their utility is maximized; firms’ investment demand is determined endogenously through a Cobb-Douglas function, government sector spends the fixed proportion of their revenues on commodities, and the external trade is determined by the Constant Elasticity of Substitution (CES) import demand function with Armington assumption and Constant Elasticity of Transformation (CET) export supply function.
Keywords: General Equilibrium Model, Factor Income from Abroad, Remittances, Labor Mobility, North Cyprus Economy.
ÖZ: Bu çalışmanın amacı Kuzey Kıbrıs ekonomisine özgü özellikleri yansıtan bir genel denge (CGE) modeli oluşturmak ve genel denge modelini kullanarak göç etkisi ile birlikte göçten kaynaklanan dış dünya faktör gelirlerinin ekonomik refah üzerindeki etkilerini ayrı ayrı ölçmektir. 2-mal, 4-faktör, 13-sektör’lü bu genel denge modeli politika analizi için bir araç olarak kullanılmak üzere tasarlanmıştır. Kuzey Kıbrıs’taki mevcut üretim yapısı 3-aşamalı iç içe CES fonksiyonu kullanılarak inşa edilmiştir. Hane halkı tüketim fonksiyonu ile yatırım talebi optimizasyon koşulları çerçevesinde içsel belirlenmekle beraber, kamu sektörü harcamaları, kamu gelirlerinin sabit oranını harcayarak belirlenmiştir. Son olarak, ticaret dengesini olusturan ithalat talebi için Armington ve mal ve hizmet ihracat arzı için CET fonksiyonları kullanılmaktadır.
Anahtar Kelimeler: Genel Denge Modeli, Dış Dünya Faktör Gelirleri, Mobil Emek, Kuzey Kıbrıs Ekonomisi.Doctor of Philosophy in Economics. Thesis (Ph.D.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Economics, 2012. Supervisor: Assoc. Prof. Dr. Sevin Uğural.Eastern Mediterranean University (EMU)2013-08-14T06:09:47Z2013-08-14T06:09:47Z2013ThesisGiritli, Nuru. (2013). Economic Impact of External Income Through Labor Mobility on Economic Well-being in North Cyprus – CGE Model Approach. Thesis (Ph.D.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Economics, Famagusta: North Cyprus.http://hdl.handle.net/11129/643en
oai:i-rep.emu.edu.tr:11129/6462016-03-06T10:34:09Zhdl_11129_2203Weak-form Efficiency of Carbon Trading Markets: Evidence from Bluenext Spot MarketShams, MariamBanking and FinanceCap and Trade Markets - Weak-form Efficient Market HypothesisABSTRACT: Reducing the greenhouse gases is urgent need in this century, to see this target several cap and trade markets are working around the world trading emission allowances. Bluenext market is the largest and most liquide one. The aim of this study is to investigate the weak-form efficiency of this market. The EUAs ( European Union Allowances) have been traded in two phases since 2005 in Bluenext market. Related to several structural breaks in the time series 4 parametric tests employed to investigate the stationarity of data. ADF test, the most routin method, showed that the time series is non-stationary. The three other tests namely Perron, ZA and KPSS tests the data considering its structural breaks and confirmed the first test and showed that the time series has a unit root and follows the Random Walk hypothesis, hence the market indicate the Efficient Market Hypothesis.
Keywords: cap and trade markets; weak-form efficient market hypothesis; Bluenext; structural breaks; stationary; unit root; Random Walk hypothesis.
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ÖZ: Bu tez çalışması “Bluenext” piyasasındaki “zayıf verimli piyasa” hipotezini test etmeyi hedeflemektedir. Ilk aşamada çevresel ve emisyon çalışmalarına ve neden bu gibi çalışmalara ihtiyaç duyulduğu üzerinde durulmuştur. Ikinci bölümde emisyon çalışmalarına ağırlık verilmiştir. Çeşitli birim kök testleri uygulamaları sonucunda, “Bluenext” piyasasında verimlilik hipotezi Kabul edilmiştir. Uygulanan birim kök testleri arasında ADF, Perron, KPSS, ve yapısal kırılmaları da dikkate alan ZA yaklaşımları mevcuttur.Yürütülen testler sorucunda, birim kök ve rastsal yürüyüş olduğu, ve dolayısıyla “Verimli Piyasa” hipotezinin kabul gördüğü ortaya konmustur.
Anahtar Kelimeler: Karbon Piyasaları; Verimli Piyasa Hipotezi; Yapısal Kırılma; Durağanlık.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2013. Supervisor: Assoc. Prof. Dr. Salih Katırcıoğlu.Eastern Mediterranean University (EMU)2013-08-14T06:37:54Z2013-08-14T06:37:54Z2013ThesisShams, Mariam. (2013). Weak-form Efficiency of Carbon Trading Markets: Evidence from Bluenext Spot Market. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/646en
oai:i-rep.emu.edu.tr:11129/6502016-03-05T21:12:39Zhdl_11129_2203An Empirical Analysis of Bank Profitability in Ghana: Evidence from Bank-Specific and Macroeconomic FactorsDore, MohamedBanking and FinanceBanks and Banking - GhanaProfitability - Bank - Return on Asset - Return on Equity - GhanaABSTRACT: The purpose of this study is to analyze the bank-specific and macroeconomic determinant of profitability of seven commercial banks in Ghana for the period of seven years (2005 to 2011). This study uses the panel regression analysis to empirically examine these relationships. The findings show that both capital adequacy and the liquidity are positively related to bank profitability in Ghana banks. In addition, the study also indicates that the profitability in Ghana banking industry is negatively affected by the level of macroeconomic factors such as inflation and GDP. Finally, we conclude that the bank-specific and macroeconomic factors have significant effect on the bank profitability in Ghana.
Keywords: Profitability, Bank, Return on Asset, Return on Equity, Ghana.
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ÖZ: Bu çalışmanın amacı Gana’daki 7 ticari bankanın 2005-2011 yılları arasında banka ve makroekonomik faktörlerin incelenmesidir. Bu çalışmada ampirik analiz araçlarından olan panel regresyon analizi yöntemi kullanılmıştır. Ampirik analiz sonuçlarına göre varlık kalitesi, yönetim etkinliği, likidite, enflasyon ve büyüme oranının varlık ve özsermaye getirisine etkisi saptanmıştır.
Sonuç olarak iç ve dışsal değişkenlerin karlılık üzerine etkisi statistiksel olarak kanıtlanmıştır.
Anahtar Kelimeler: Finansal Kurum, Karlılık, Banka, Varlık Getirisi, Özsermaye getirisi.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2013. Supervisor: Assoc. Prof. Dr. Nesrin Özataç.Eastern Mediterranean University (EMU)2013-08-14T07:24:16Z2013-08-14T07:24:16Z2013ThesisDore, Mohamed. (2013). An Empirical Analysis of Bank Profitability in Ghana: Evidence from Bank-Specific and Macroeconomic Factors. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/650en
oai:i-rep.emu.edu.tr:11129/6522016-03-05T21:20:20Zhdl_11129_2203Evaluation of Insurance Sector in AzerbaijanShiriyev, AzerBanking and FinanceBanks and Banking - AzerbaijanInsurance Companies - AzerbaijanInsurance Company - Development - AzerbaijanABSTRACT: The purpose of the thesis is to evaluate the developments of methodological bases of effective management on investment activities of the insurance companies. It is also important to point out to promote the satisfaction of requirements of national economy in investment resources and the solution of strategic problems of development of insurance business. The urgency of the chosen subject is defined by an increasing role of insurance in providing national economic system with investment resources for the successful solution of a problem of sustained economic growth, and also value of investment activity for ensuring profitability and financial stability of insurance business. The study is carried out to investigate the volume and the structure of investment resources of insurance companies of the Republic Azerbaijan, and also the experience of state regulation of placement of means of insurance reserves; structures of investments, principles and results of investment activities of domestic and foreign insurers; to develop recommendations of the enhancement of state regulation in regard to management of investment resources of insurance companies. Keywords: Insurance Company, Development, Azerbaijan.
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ÖZ: Tezin amacı yatırımlarin olumlu etkilerini belirleyen faktörleri incelemek ve, yatırım kaynaklarının sigorta iş geliştirme stratejik problemlerinin çözümünde ulusal ekonominin şartlarına uyumunun teşvik edilerek sigorta şirketlerinin yatırım faaliyetinin etkili yönetim metodolar geliştirme, sigorta şirketlerinin yatırım politikası olanakları ve özelliklerini ortaya koymanın yanında, sigorta yatırımları devlet düzenlemesi önceliklerinin tanımı; hacim ve sigortacıların yatırım kaynaklarının yapısının değerlendirilmesini ortaya koyabilmektir. Tezin ana hedefleri ise ; sigorta fonu organizasyon ve kurumsal yatırımcı formları gibi sigorta şirketinin faaliyetleri, ekonomik içerikleri ve özelliklerinin incelenmesi; ilgili faktörleri araştırmak ve koşulları sigorta şirketlerinin yatırım politikası ve yatırım olanakları ile özelliklerini tanımlayan Azerbaycan Cumhuriyeti'nin sigorta şirketlerinin yatırım kaynaklarının yapısının üzerine bir değerlendirme yürütmek; sigorta rezervleri sayesinde yerleştirme devlet düzenlemesi, iç ve dış deneyim analizi yürütmek için yatırımlar, prensip ve sonuçları ortaya koymak ve de yerli ve yabancı sigortacıların yatırım faaliyetlerini kapsamli bir sekilde değerlendirmeyi icermektedir.
Anahtar Kelimeler: Sigorta Şirketi, Azerbaijan Cumhuriyeti, Sigorta Rezervleri.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2013. Supervisor: Assoc. Prof. Dr. Nesrin Özataç.Eastern Mediterranean University (EMU)2013-08-14T07:49:40Z2013-08-14T07:49:40Z2013ThesisShiriyev, Azer. (2013). Evaluation of Insurance Sector in Azerbaijan. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/652en
oai:i-rep.emu.edu.tr:11129/6592016-03-06T10:29:26Zhdl_11129_2203Oil Price and Stock Market Interaction in the USAAbdallah, Ali A.R.Banking and FinancePetroleum Industry and Trade - United StatesOil Prices and FinanceStock Price - GDP - Industrial Production - USADow Jones Industrial Stock Price IndexABSTRACT: This thesis focuses on analyzing empirical relationship between oil prices and stock market movements in the case of United States by employing an annual data from 1970 to 2010. Dow Jones industrial stock price index (industrial weighted average) has been selected to proxy for stock markets while real income and real industrial value added are added to analyses as control variables as advised in the literature. Results of this thesis show that oil prices do have significant impact on stock markets both in economic long and short terms; these impacts are negative as expected. Stock markets approach to their long term equilibrium path by 50.92% speed of adjustment every year significantly through the channels of oil prices and aggregate economic activity. Final finding this research study is that there also exists long term unidirectional causality that runs from oil prices and economic activity to stock prices in United States. This reveals that a change in oil prices will precede changes in stock market movements. Keywords: Stock Price, GDP, Industrial Production, USA.
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ÖZ: Bu tez çalışması, Amerika Birleşik Devletleri’nde petrol fiyatları ile hisse senedi piyasası arasındaki ilişkiyi ortaya çıkarmayı hedeflemektedir. Çalışma 1970-2010 dönemi yıllık verilerini kapsamakta olup, hisse senedi piyasası için Dow Jones Sanayi indeksi seçilmiştir. Literatür çalışmalarına paralel olarak, reel gelir ve sanayi üretimi de kontrol değişkenleri olarak dahil edilmiştir. Sonuçlar, petrol fiyatları ile hisse senedi piyasası arasında ekonometrik bağlamda bir denge ilişkisi olduğunu ortaya koymaktadır. Petrol fiyatları, hisse senedi fiyatları üzerinde hem kısa dönemde hem de uzun dönemde istatistiki olarak anlamlı fakat olumsuz bir etkiye sahiptir. Hisse senedi fiyatları uzun dönem denge düzeyine, petrol fiyatları ve ekonomik faaliyet aracılığı ile 50.92%’lik hız ile yaklaşmaktadır. Son olarak, petrol fiyatlarında ve ekonomik faaliyette meydana gelebilecek bir değişikliğin, hisse senedi piyasalarında da bir değişikliğe yol açacağı, nedensellik testleri ile ortaya konmuştur.
Anahtar Kelimeler: Hisse Senedi; Petrol; GSYİH; Sanayi Üretimi; ABD.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2013. Supervisor: Assoc. Prof. Dr. Salih Katırcıoğlu.Eastern Mediterranean University (EMU)2013-08-14T10:04:33Z2013-08-14T10:04:33Z2013ThesisAbdallah, Ali A.R. (2013). Oil Price and Stock Market Interaction in the USA. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/659en
oai:i-rep.emu.edu.tr:11129/6612016-03-05T21:13:31Zhdl_11129_2203Customer Satisfaction in the North Cyprus Banking IndustryŞen, Zeynep MügeBanking and FinanceBanks and Banking - Cyprus, NorthBanks - Management - Service Quality - Cyprus, NorthCustomer Satisfaction - Banking - Service QualityABSTRACT: The purpose of this study is to measure the impact of customer satisfaction and also the influence of higher service quality impact on the banks in Northern Cyprus. In this study, the service quality model has been applied. 207 customers of major banks have been surveyed and the results have been analyzed. The survey has been applied in Turkish for 197 for Turkish speaking customers, and English for 10 people from four different countries. Frequencies of the resulted data has been edited by using SPSS and tables created; accordingly with the statistical analyse results; it is determined that customer satisfaction in banks in Northern Cyprus is mostly related with developing good and solid relations, building trust and performing the promise with friendly approaches.
Keywords: Customer satisfaction, banking, service quality.
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ÖZ: Bu çalışmanın amacı, Kuzey Kıbrıs'ta bulunan bankalardaki müşteri memnuniyetini ve servis hizmet kalitesindeki artışın bu konular üzerindeki etkilerini araştırmaktır. Bu tezde servis hizmet kalitesi modeli kullanılmıştır. Değişik bankaların 207 müşterisine anket yapılmıştır, ve çıkan sonuçlar analiz edilmiştir. Anket, 197 adet kişiye Türkçe olarak, dört farklı ülkeden gelen yabancı uyruklu 10 kişiye İngilizce‘ye çevirilerek yapılmıştır. Oluşan istatistiksel datalardan elde edilen sonuçlar SPSS programı kullanılarak tanımlanmış ve tabloları oluşturulmuştur. Sonuç olarak çıkan istatistiksel analizlere göre; Kuzey Kıbrıs'taki bankaların müşteri memnuniyeti genel olarak iyi ve sağlam ilişkilerin geliştirilmesini; güven tesis edilmesine, verilen sözün verildiği zaman çerçevesinde tutulmasına , samimi ve dost canlısı yaklaşımlara bağlıdır.
Anahtar Kelimeler: Müşteri memnuniyeti, bankacılık, servis kalitesi.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2013. Supervisor: Assoc. Prof. Dr. Nesrin Özataç.Eastern Mediterranean University (EMU)2013-08-14T10:27:00Z2013-08-14T10:27:00Z2013ThesisSen, Zeynep Muge. (2013). Customer Satisfaction in the North Cyprus Banking Industry. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/661en
oai:i-rep.emu.edu.tr:11129/6632016-03-07T06:51:28Zhdl_11129_2203House Price Effect on Consumption: an MSTVAR Approach for Three OECD CountriesAhanchian, Zahra AlsadatEconomicsHousing - Prices - OECD CountriesHouse Prices - Nonlinearities Time Series - LSTVAR - ConsumptionABSTRACT: House prices and their effect on aggregate economy has always been a matter of interest for economists and policy makers. Especially, in recent years, after U.S. mortgage crisis many researches were conducted to study this effect to evaluate its magnitude and importance. Several theories are supporting the idea that there is a spillover from housing to other parts of economies, like consumer’s expenditure theory. In this study the effect of changes in house prices on aggregate economy was examined by a nonlinear model, Logistic Smooth Transition Autoregressive model for US, Germany and UK quarterly data from 1970 to 2011.
Keywords: House prices, Nonlinearities Time Series, LSTVAR, Consumption.
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ÖZ: Konut fiyatları ve toplam ekonomi üzerindeki etkileri her zaman ekonomistler ve politika yapıcılar için ilgi konusu olmuştur. Özellikle son yıllarda, ABD'de mortgage krizi sonrasında, bunun önemini değerlendirmek için, bir çok araştırma etkisini araştırmak amacıyla yapılmıştır. Çeşitli teoriler konut fiyatları ve tüketim arasında bir bağlantı olduğu fikrini desteklemektedir.
Bu çalışmada ekonomisi üzerindeki ev fiyatlarındaki değişimlerin etkisini doğrusal olmayan bir model tarafından muayene edilmiştir. Üçer aylık veriler üç ülke, Amerika Birleşik Devletleri, Almanya ve Birleşik Krallık için elde edilmiştir.
Anahtar Kelimeler: Konut fiyatları, doğrusalsızlığı, zaman serisi, LSTVAR, tüketim.Master of Science in Economics. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Economics, 2012. Supervisor: Prof. Dr. Mehmet Balcılar.Eastern Mediterranean University (EMU)2013-08-14T11:14:31Z2013-08-14T11:14:31Z2013ThesisAhanchian, Zahra Alsadat. (2013). House Price Effect on Consumption: an MSTVAR Approach for Three OECD Countries. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Economics, Famagusta: North Cyprus.http://hdl.handle.net/11129/663en
oai:i-rep.emu.edu.tr:11129/6642016-03-06T10:29:29Zhdl_11129_2203Oil Price Shock, Stock Market and Economic Growth in OECD CountriesHiçyakmazer, SaniyeBanking and FinancePetroleum Industry and TradeOil Prices and Finance - Oil Prices - OECD CountriesOil Price - Stock Price - Income - Co-integration AnalysisABSTRACT: This thesis focuses on the estimation of the effect of the stock and oil markets on economic growth in the USA, Spain, Sweden, Turkey and Japan. Annual data have been used with this respect. Time series analysis shows that real income in these countries is in long term interaction with oil and stock prices. This reveals that stock prices and oil prices are determinants of real income for these countries under inspection. However, it is found that not only oil prices but also stock prices in these selected countries exert negative effects on real income in both long and short terms.
Keywords: Oil Price; Stock Price; Income; Co-integration Analysis.
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ÖZ: Bu çalışma ABD, İsveç, Türkiye, İspanya ve Japonya gibi seçilmiş ülkelerde petrol ile borsa piyasalarının reel gelir üzerindeki etkisini tahmin etmeye yönelik yürütülmüştür. Bu sebeble, yıllık veri seti çalışmada kullanılmıştır. Zaman serisi analizi sonuçlarına göre, çalışma, bu ülkelerde reel gelir düzeyinin borsa performansı ve petrol fiyatları ile uzun dönem denge ilişkisi içerisinde olduğunu ortaya koymuştur. Bu durum, petrol ve hisse senedi fiyatlarının, çalışmada seçilmiş olan ülkelerde, reel gelir’in belirleyicileri olduğu anlamına gelmektedir. Fakat, yine çalışmanın bulgularına gore sadece petrol fiyatlarının değil borsa dalgalanmalarının da reel gelir üzerinde ters yönde bir etki yarattığı ortaya konmuştur.
Anahtar Kelimeler: Petrol Fiyatı; Borsa; Gelir; Eşbütünleme Analizi.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2013. Supervisor: Assoc. Prof. Dr. Salih Katırcıoğlu.Eastern Mediterranean University (EMU)2013-08-14T11:27:41Z2013-08-14T11:27:41Z2013ThesisHiçyakmazer, Saniye. (2013). Oil Price Shock, Stock Market and Economic Growth in OECD Countries. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/664en
oai:i-rep.emu.edu.tr:11129/6662016-03-07T06:52:12Zhdl_11129_2203The Impact of the Information and Communication Technology (ICT) on Gender Equality and DevelopmentKüçük, NezahatEconomicsInformation Technology - Communication SystemsGender Equality - Development - Information and Communication Technology (ICT)ABSTRACT: The purpose of this study is to examine the impact of the information and communication technology (ICT) on gender equality and development. Especially, after the 1990s, ICT became very popular and commonly expected that it has direct and indirect impact on gender equality through different channels such as internet, computers, and mobiles etc. Both theoretical and empirical research methods were used in this study. The empirical part of the study consists of two different applications. First, the impact of ICT on gender equality was examined in this study by using dynamic panel data analysis for 209 countries for the period from 2000 to 2010. Empirical results showed that it has positive and significant impact on gender equality. Second, we analysed the impact of gender equality and ICT on child development by using crosscountry data by taking the average values of variables on 137 countries. It showed
that the improvement in gender equality and access to ICTs increase the child development in these countries. As a result, this study recommends that any improvement in ICTs lead higher-level gender equality in the societies. And simultaneous improvement in ICT and governance and institutional quality variables leads higher and beyond impact than their individual effects on gender equality, which creates higher-level child development and well equipped next generations.
Keywords: gender equality, development, information and communication technology (ICT)
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ÖZ: Bu çalışmanın amacı Bilgi ve İletişim Teknolojilerinin (BİT) toplumsal cinsiyet eşitliği ve kalkınma üzerindeki etkisini incelemektir. Özellikle 1990lardan sonra BİT popular olmaya başlamış ve internet, bilgisayarlar ve cep telefonları gibi farklı araçlar sayesinde BİT’in toplumsal cinsiyet eşitliği üzerinde direk yada dolaylı etkilerinin olması beklenmektedir. Bu çalışmada hem teorik hem de ampirik araştırma yöntemleri kullanılmıştır. Çalışmanın ampirik kısmı iki farklı uygulama içermektedir. İlk olarak, 2000-2010 yılları arasında 209 ülke için dinamik panel veri analizi kullanılarak BİT’in toplumsal cinsiyet üzerindeki etkisi incelenmiştir. Ampirik sonuçlar BİT’in toplumsal cinsiyet eşitliği üzerinde pozitif ve anlamlı bir etkisi olduğunu göstermiştir. İkinci olarak, 137 ülke için kesitli veri kullanılarak toplumsal cinsiyet
eşitliği ve BİT’in çocuk gelişimi üzerindeki etkisi analiz edilmiştir. Bu çalışmanın sonuçları da toplumsal cinsiyet eşitliği ve BİT’e ulaşılabilirlikteki iyileşmelerin bu ülkelerdeki çocuk gelişimini artırdığını göstermektedir. Sonuç olarak bu çalışma göstermiştir ki, BİT’teki iyileşmeler toplumlarda daha yüksek seviyelerde cinsiyet eşitliğine öncülük etmektedir. Ayrıca BİT ve yönetim ve kurumsal kalite değişkenlerindeki eş zamanlı iyileşmeler, daha yüksek seviyede çocuk gelişimi ve iyi donanımlı yeni nesiller de oluşmasına sebep olan toplumsal cinsiyet eşitliği üzerinde bunların tek başlarına olan etkilerinden daha yüksek ve ileri bir etkiye sebep olmaktadır.
Anahtar Kelimeler: toplumsal cinsiyet eşitliği, kalkınma, bilgi ve iletişim teknolojileri (BIT).Doctor of Philosophy in Economics. Thesis (Ph.D.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Economics, 2012. Supervisor: Prof. Dr. Mehmet Balcılar.Eastern Mediterranean University (EMU)2013-08-14T11:49:27Z2013-08-14T11:49:27Z2013ThesisKucuk, Nezahat. (2013). The Impact of the Information and Communication Technology (ICT) on Gender Equality and Development. Thesis (Ph.D.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Economics, Famagusta: North Cyprus.http://hdl.handle.net/11129/666en
oai:i-rep.emu.edu.tr:11129/6712016-03-06T10:29:17Zhdl_11129_2203Interactions between Financial Sector Development, Foreign Direct Investment, and Economic Growth in Japan!Gharib, HediehBanking and FinanceInvestments, Foreign - JapanJapan - Economic ConditionsFinancial Development - Foreign Direct Investment - Economic Growth - Error Correction ModelABSTRACT: The aim of this study is to analyze the relationship between financial development, foreign direct investment, and economic growth in Japan by using time series annual data. Results show that financial sector and foreign direct investment in Japan have a long term and significant impact on economic growth. Real income significantly converges to its long-term equilibrium path through financial sector and foreign direct investment. Furthermore, real income growth also exerts statistically significant and positive impact on financial development in Japan while foreign direct investment does not.
Keywords: Financial Development; Foreign Direct Investment; Economic Growth; Error Correction Model.
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ÖZ: Bu tez çalışması Japonya’da yıllık verileri kullanarak finansal büyüme, yabancı direkt yatırımlar, ve ekonomik büyüme arasındaki ilişkiyi incelemeyi hedeflemektedir. Çalışmanın sonuçları bu üç değişken arasında uzun dönemli, bir denge ilişkisi olduğunu göstermektedir. Japonya’da reel gelir uzun dönem denge seviyesine finansal faaliyetler ve yabancı direct yatırımlar aracılığı ile yaklaşmaktadır. Reel gelirin de aynı zamanda finansal büyüme üzerinde istatistiki olarak anlamlı ve uzun dönemli bir etkiye sahip olduğu bu çalışmada ortaya konulmuştur.
Anahtar kelimeler: Finansal Büyüme; Yabancı Direkt Yatırımlar; Büyüme; Hata Düzeltme Modeli.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2013. Supervisor: Assoc. Prof. Dr. Salih Katırcıoğlu.Eastern Mediterranean University (EMU)2013-08-15T05:18:52Z2013-08-15T05:18:52Z2013ThesisGharib, Hedieh. (2013). Interactions between Financial Sector Development, Foreign Direct Investment, and Economic Growth in Japan!. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/671en
oai:i-rep.emu.edu.tr:11129/6772016-03-07T06:48:28Zhdl_11129_2203Estimation of Production Technology for Turkish Textile IndustryDağ, NesrinEconomicsTextile Industry - TurkeyProduction Technology - Translog Cost Function - Textile IndustryABSTRACT: This study examines the production technology in Turkish textile manufacturing industry, for the period 1988-2008. It is analyzed whether the production technology can be represented by a cost function or a profit function. A translog cost function is estimated and endogeneity of the output level is analyzed. The estimated translog cost function is also evaluated with hypothesis testing to verify the statistically significance of the independent variables. It is illustrated that the data in Turkish textile industry can be explained by the estimated translog cost function and the output is not an endogeneous variable in textile manufacturing. It is presented that the shares of labor and capital costs are approximately 13.2 % and 2.3 % respectively. It is demonstrated that the contribution of oil price in total cost of input is less than 1 %. Turkish textile industry within the examined period demonstrates an increasing return to scale with a factor of 1.15.
Keywords: Production technology, Translog cost function, Textile industry.
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Bu çalışma, 1988-2008 yılları arasında Türkiye textil sanayinde üretim teknolojisini araştırmaktadır. Üretim teknolojisinin maliyet fonksiyonu ile mi yoksa kar fonksiyonu ile mi temsil edildiği incelenmiştir. Bir translog maliyet fonksiyonu tahmin edilmiş ve çıktı seviyesinin içsel bir değişken olup olmadığı araştırılmıştır. Tahmin edilen fonksiyon ayrıca varsayım testlerine tabi tutularak, bağımsız değişkenlerin istatistiki önemliliği değerlendirilmiştir. Türkiye tekstil sanayisinin çalışmada tahmin edilen translog maliyet fonksiyonu ile temsil edilebileceği gösterilmiş ve çıktı seviyesinin içsel bir değişken olmadığı bulunmuştur. İşgücü maliyetinin toplam girdi maliyetleri içinde yaklaşık % 13.2, sermaye maliyetinin ise yaklaşık % 2.3 oranında yer tuttuğu görülmüştür. Yakıt maliyetin toplam girdi maliyeti içindeki oranının ise % 1’den az olduğu bulunmuştur. İncelenen zaman aralığında Türkiye tekstil sanayisinin 1.15 oranında ölçeğe göre artan getiri gösterdiği izlenmiştir.
Anahtar Kelimeler: Üretim teknolojisi, translog maliyet fonksiyonu, tekstil endüstrisi.Master of Science in Economics. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Economics, 2010. Supervisor: Assoc. Prof. Dr. Mehmet Balcılar.Eastern Mediterranean University (EMU)2013-08-15T10:19:30Z2013-08-15T10:19:30Z2010ThesisDag, Nesrin. (2010). Estimation of Production Technology for Turkish Textile Industry. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Economics, Famagusta: North Cyprus.http://hdl.handle.net/11129/677en
oai:i-rep.emu.edu.tr:11129/6812016-03-06T10:57:12Zhdl_11129_2203Cultural and Hierarchical Differences in Organizational Citizenship Behavior: A Comparison among University EmployeesNiroomand, NaghmehBusiness AdministrationHuman Resource Management - ResearchOrganizational Behavior - Organizational EffectivenessEmployees, Job SatisfactionCross Culture - Cultural Values - Job / Hierarchical Level - Job Satisfaction - Organizational Citizenship BehaviorABSTRACT: The purpose of this study is to examine cultural and hierarchical differences in the
perception of organizational citizenship behavior (OCB) and job satisfaction among Iranian, Turkish, Nigerian and Palestinian employees based on a survey of 150 academic and non-academic employees in the Eastern Mediterranean University in North Cyprus. The results indicate that there are differences in perception of OCB in various cultures. Culture was categorized by using the country of participants. Hofstede’s research (1980, 1983, 1991, and 2009) provided scores of each county based on the five culture dimensions (Power Distance, Individualism, Masculinity, Uncertainty Avoidance and Long Term Orientation) for 53 countries. The survey was distributed via handouts among self selecting employees. Factor analysis, means, standard deviations, correlations, analyses of variance and t-tests were used to investigate a number of hypotheses. The analyses showed that Iranian, Turkish and Nigerian employees reported a higher level of personal support because their cultures score higher on collectivism and lower on masculinity; Turkish and Palestinian employees reported a higher and lower level of organizational support respectively as their cultures score high on collectivism
and uncertainly avoidance. Also Iranian, Turkish, Nigerian and Palestinian employees based on a high level score of power distance culture reported difference in the level of conscientious initiative in this organization. In addition, the results indicate that perceptions of OCB dimensions positively vary according to job satisfaction. Also, job satisfaction varies according to national culture as there were significant differences between Iranian-Turks as compared to Iranian-Nigerians, Iranian-Palestinians, Turksiv Palestinians, Turks-Nigerians and Nigerians-Palestinians employees’ job satisfaction. Finally, the results report that perceptions of OCB are a function of job/hierarchical level. Academic and non-academic employees have different perceptions in the dimensions of personal support and organizational support. Also, hierarchical level is negatively associated with all three dimensions of OCB. Keywords: Cross Culture, Cultural Values, Job/Hierarchical Level, Job Satisfaction, Organizational Citizenship Behavior.
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ÖZ: Bu çalışmanın amacı Kuzey Kıbrıs’da bulunan Doğu Akdeniz Üniversite’sinde İranlı, Türk, Nijeryalı, ve Filistinli personel arasındaki farklı örgütsel vatandaşlık davranışlar (ÖVD) algılmalarını ve iş memnuniyetini incelemektir. Buna göre 150 akademik ve akademik olmayan personel bu çalışma için hazırlanan bir ankete katılmışlardır. Sonuçlar, değişik kültürler arasında farklı ÖVD algılamaların bulunduğunu göstermektedir. Katılımcılar ülkelerine göre kültürlere sınıflandırılmıştır. Hofstede’nin çalışmaları 53 farklı ülke için (1980, 1983, 1991, 2009) beş değişik kültur boyutu için puan vermektedir (Güç Farkı, Bireysellik, Maskülinite, Belirsizlikten Kaçınma, ve Uzun Vadeli Yönelim). Anket değişik şekillerde dağıtılıp, katılımcılar gönüllülük esasına dayalı sorulara cevap vermiştir. Faktör analizi, ortalamalar, standartdan sapmalar, korrelasyonlar, varyans analizleri, ve t testleri hipotezleri ölçmek için kullanılmıştır. Analizler sonucunda İranlı, Türk, ve Nijeryalı çalışanlarda kişisel destek faktörü ortaya çıkmıştır çünkü kültürleri kolektivist ve maskülin boyutlarında yüksek puanlara sahiptirler. Türk ve Filistinli çalışanlarda ise düşük seviyede örgütsel destek bulunmuştur çünkü bu kültürler kolektivist ve belizsizlikten kaçınma boyutlarında yüksek puanlara sahipdirler. Aynı zamanda İranlı, Türk, Nijeryalı, ve Filistinli kültürlerin hepsinde de güç farkı olmasına rağmen, özenli girişim faktöründe bu kurumda farklı sonuçlar ortaya cıkmıştır. Buna ek olarak da ÖVD algılama boyutlarının iş memnuniyetiyle pozitif bir ilişkileri vardır. Ayrıca, iş memuniyeti ulusal kültürle de değişmektedir çünkü İran-Nijerya, İran-Filistin, Türk-Filistin, Türk-Nijerya, ve Nijerya- Filistin külterlerine kıyasla İranlı-Türk kültürleri arasında önemli derecede farklılıklar gözlemlenmiştir. Son olarak da sonuçlar ÖVD algılamalarının iş/hiyerarşik kademeye bağlı olduğunu göstermektedir. Akademik ve akademik olmayan personelin kişisel destek ve kurumsal destek boyutları için farklı algılamaları vardır. Ayrıca, hiyerarşik kademenin ÖVD’nin üç boyutu ile de negatif ilişkisi bulunmaktadır. Anahtar kelimeler: Kültürler Arası, Kültürel Değerler, İş/Hiyerarşik Kademesi, İş Memnuniyeti, Örgütsel Vatandaşlık Davranışları.MBA in Business Administration. Thesis (M.B.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Business Administration, 2010. Supervisor: Assist. Prof. Dr. Turhan Çetin Kaymak.Eastern Mediterranean University (EMU)2013-08-15T12:10:52Z2013-08-15T12:10:52Z2010ThesisNiroomand, Naghmeh. (2010). Cultural and Hierarchical Differences in Organizational Citizenship Behavior: A Comparison among University Employees. Thesis (M.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Business Administration, Famagusta: North Cyprus.http://hdl.handle.net/11129/681en
oai:i-rep.emu.edu.tr:11129/6822016-03-07T06:16:41Zhdl_11129_2203The Relationship between the Macroeconomic Variables and the Tehran Stock Exchange Market Index 1999 -2009Pirayandeh, AminBusiness AdministrationStock Exchanges - IranFinancial Services Industry - IranAPT - CAPM - OLS Analysis - Tehran Stock Exchange - Iranian EconomyABSTRACT: This thesis empirically investigates the relationship between the macroeconomic variables that affect the stock returns during the years between 1999M1- 2009M6 for the Tehran Stock Exchange (TSE). The Arbitrage Pricing (APT) modelling framework is conducted by assuming the risk factors in the model as observable macroeconomic variables to explain the stock return variations. A multifactor regression model in this framework is employed to show the relevant macroeconomic variables namely: industrial production, interest rate, inflation, exchange rate and money supply. The Ordinary Least Square (OLS) technique is applied to test the validity of the model and the relative importance of different variables which may have an impact on the Tehran Stock returns within the Iranian economy. Based on the empirical results estimated, explanatory power supports the view that macroeconomic variables explain a significant part of the observed variations in Tehran Stock Market returns for the sample period. Since the main macroeconomic variables have been taken into account within the model, the estimation results imply that some macroeconomic variables, namely short-term interest rate, money supply, exchange rate and oil production have an influence on Tehran Stock Market returns. Keywords: APT, CAPM, OLS Analysis, Tehran Stock Exchange, Iranian Economy.
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ÖZ: Yapılan bu tez çalışması ampirik olarak Tahran menkul kıymetler borsasındaki hisse seneti getirisi ile makroekonomik değişkenler arasındaki ilişkiyi aylık (1999-1-- 2009-6) veriler kullanarak ölçmüştür. Bu ilişkiyi ölçerken Arbitraj fiyat teorisi çercevesinde endüstri/sanayi üretim endeksi, kısa dönemli faiz oranı, enflasyon, döviz kuru ve para arzı endekslerinin ne kadar anlamlı olup olmadığına bakılmıştır. En Küçük Kareler tekniği uygulanarak yukarıda belirtilen ilişkinin rolü ölçülmeye çalışılmıştır. Çalışma, ayni zamanda kullanılan ilgili modelin doğruluğunuda ortaya koymaya çalışmıştır. Elde edilen ampirik sonuçlar ışığında, makroekonomik değişkenlerin büyük bir çoğunluğu Tahran menkul kıymetler borsasındaki hisse seneti getirisi anlamlı bir şekilde açıklamıştır. Ampirik sonuçlar ayni zamanda endüstri/sanayi üretim endeksi, kısa dönemli faiz oranı, döviz kuru ve para arzı endekslerinin Tahran menkul kıymetler borsasındaki hisse seneti getirisi üzerinde büyük etkisi olduğunu belirtir.
Anahtar kelimeler: Arbitraj Fiyat Teorisi, Sermaye Aktif Fiyat Teorisi, En Küçük Kareler Yöntemi, Tahran menkul kıymetler borsası, İran Ekonomisi.MBA in Business Administration. Thesis (M.B.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Business Administration, 2010. Supervisor: Assoc. Prof. Dr. Sami Fethi.Eastern Mediterranean University (EMU)2013-08-16T05:36:34Z2013-08-16T05:36:34Z2010ThesisPirayandeh, Amin. (2010). The Relationship between the Macroeconomic Variables and the Tehran Stock Exchange Market Index 1999 -2009. Thesis (M.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Business Administration, Famagusta: North Cyprus.http://hdl.handle.net/11129/682en
oai:i-rep.emu.edu.tr:11129/6862016-03-05T21:19:42Zhdl_11129_2203The Determinants of the Real Exchange Rate and the Role of These Fundamental Factors in New Zealand's EconomyAlomoom, Siroos KhademBanking and FinanceBanks and banking--New Zealand - FinanceNew Zealand Economy - Real Exchange Rate - Unit Root - Granger Causality - Co IntegrationABSTRACT: The aim of this study is to empirically investigate the determinants of the real exchange rate and the role of these fundamental factors in New Zealand economy. Following the framework introduced by Edwards (1989) and Domac and Shabsigh (1999), some additional variables are modified within their model to find out whether there is a relationship between real exchange rate and its economic determinants. Multivariate cointegration, Granger causality and unit root techniques are applied to identify this relationship using a sample of quarterly data covering the period of 1974Q1 - 2009Q3. This thesis also checked the validity of the model and the relative importance of different variables which may have an impact on the real exchange rate policy of New Zealand economy. In the light of the empirical evidence, there exists a relationship between real exchange rate and independent variables – openness, the growth of nominal exchange rate, relative productivity, government consumption, and domestic credit. These variables have an impact on the real exchange rate and the real exchange rate increase when the degree of openness and growth of the nominal exchange rate rise while, relative productivity, the government consumption and domestic credit decrease. However, capital inflows and terms of trade are insignificant in explaining the movement in the equilibrium of real exchange rate. Based on the findings estimated, the New Zealand’s government could consider following issues for policymaking in case of the real exchange rate: (i) there are more significant variables exist in the fixed exchange rate regime therefore, a much wider range of tools are available for policymaking, (ii) in the long-run; openness, growth of nominal exchange rate, relative productivity, government consumption and domestic credit play an important role in keeping the real exchange rate in an appropriate level while, for the short-run, only openness, growth of nominal exchange rate and relative productivity are significant, and (iii) openness explain the greatest component of the variation in the real exchange rate in long-run while, relative productivity is the most significant variable in short-run.
Keywords: New Zealand Economy, Real Exchange Rate, Unit Root, Granger Causality, Co integration. ……………………………………………………………………………………………………………………………………………………………………………………………………………………
ÖZ: Yapılan bu tez ampirik olarak Yeni Zelanda ekonomisindeki reel döviz kuru’nun belirleyicilerini ve buna bağlı olan diğer ekonomik faktörlerin rolünü ölçer. Bu ilişki teorik olarak Edward (1989) ve Domac-Shabsigh (1999) modelleri kullanılarak belirlenmiştir. Bu çalışmada, çok değişkenli eş-bütünleşme, Granger nedensellik ve birim kök teknikleri ile üç aylık zaman serileri kullanılıp (1974Q1-2009Q3) belirleyicilerin reel dövüz kuru üzerindeki etkisi ölçülmeye çalışılmıştır. Çalışma, ayni zamanda kullanılan ilgili modelin doğruluğunuda ortaya koymaya çalışmaktadır. Elde edilen ampirik sonuçlar ışığında, reel döviz kuru ile açıklık politikası, nominal döviz kuru, nisbi verimlilik ve yurtiçi kredi hacmi arasında ilişki belirlenmiştir. Bu değişkenlerin reel döviz kuru üzerinde önemli rol oynadığı tespit edilmiştir. Açıklık politikası, nominal döviz kuru artarken reel döviz kuru değer kaybettiği belirlenmiştir. Ayni zamanda nisbi verimlilik, iç kredi hacmi ve devlet harcamakları azalırken, reel döviz kuru değer kaymektedir. Sermaye akışı ve ticaret hadleri reel döviz kurunu açıklayıcı bağlamda anlamsız bulunmuştur. Ampirik Bulgular bağlamında, Yeni Zelanda hükümeti aşağıdaki bazı politikaları uygulayabilir; (i) Reel döviz kurunun belirleyicileri sabit kur rejimlerinde daha fazla anlamlı çıkmıştır. Dolayısıyla politika yapıcıları bu rejim dönemini baz alırken, daha geniş bilgilerle politikalarını üretme imkanına sahiptir. (ii) uzun dönemde, açıklık politikası, nominal döviz kuru büyümesi, nisbi verimlilik, devlet harcamaları ve yurtiçi kredi hacmi reel döviz kurunun uygun saviyelerde tutulmasında önemli rol oynamaktatır. Kısa dönemde ise açıklık politikası, nominal döviz kuru büyümesi, nisbi verimlilik anlam taşımaktadır. (iii) açıklık politikası reel döviz kurundaki değişiklikleri yada dalgalanmaları uzun dönemde açıklayan en iyi belirleyicidir. Kısa dönemde ise nisbi verimlilik en önemli belirleyici olarak bulunmuştur.
Anahtar kelimeler: Yeni Zelanda Ekonomisi, Reel Döviz Kuru, Birim kök, Granger Nedensellik, Eş bütünleşme analizi.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2010. Supervisor: Assoc. Prof. Dr. Sami Fethi.Eastern Mediterranean University (EMU)2013-08-16T11:02:25Z2013-08-16T11:02:25Z2010ThesisAlomoom, Siroos Khadem. (2010). The Determinants of the Real Exchange Rate and the Role of These Fundamental Factors in New Zealand’s Economy. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/686en
oai:i-rep.emu.edu.tr:11129/6872016-03-06T10:26:37Zhdl_11129_2203Impact of Financial Liberalization on Economic Growth in Iran: An Empirical InvestigationBanam, Karim ChashmBanking and FinanceFinance - IranIran - Economic Conditions and DevelopmentMonetary Policy - IranFinancial Liberalisation - Economic GrowthABSTRACT: The aim of this thesis is to investigate the impact of financial liberalization on economic growth in Iran through Johansen Cointegration tests by using time series data from 1965 to 2005. While testing for the impact of financial repression on the economic growth in Iran, the thesis also investigates the determinants of economic growth in Iran. A financial liberalization index is used in econometric models along with the conventional theoretical determinants of economic growth as suggested by the existing economic growth theories such as Solow growth model, Endogenous growth model, Cobb-Douglas production function and the Export-Led growth hypothesis.
The results suggest that financial intermediation, capital, research and development, and financial liberalization have positive and statistically significant impact on economic growth. In addition, reserve requirement ratio has a negative but statistically insignificant impact on economic growth. Likewise, exports have a positive but statistically insignificant impact on economic growth. On the other hand, the results suggest that labor shows a negative impact on economic growth in the case of Iran, which suggests that labor force in Iran is not effective in promoting economic growth on the contrary of what the existing theories suggest. This can be attributed to low productivity of the labor force. Keywords: Financial liberalisation, economic growth, Iran.
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ÖZ: Bu tez İran’daki finansal serbestleşme politikalarının iktisadi büyüme sürecine etkisini 1965 ve 2005 yıllarını kapsayan yıllık verilere dayanarak Johansen eş-bütünleşme testi ile araştırmayı amaçlamaktadır. Finansal serbestleşme politikalarının iktisadi büyüme sürecine etkisini araştırırken, tez ayni zamanda İran’daki iktisadi büyüme sürecinin belirleyicilerini de tespit etmeyi amaçlamaktadır. Solow büyüme modeli, İçsel büyüme modeli, Cobb-Douglas üretim faktörü ve İhracat önderliğinde büyüme hipotezi gibi geleneksel ekomnomik büyüme teorilerinin önerdiği teorik iktisadi büyüme belirleyicilerinin yanısıra ekonmetrik modellerde bir finansal serbestleşme endeksi kullanılmıştır. Johansen eş-bütünleşme testi sonuçlarına gore finansal serbestleşme, finansal aracılık, sermaye, ve araştırma ve geliştirme iktisadi büyüme sürecine olumlu ve istatistiki olarak anlamlı bir etki yapmaktadır. Öte yandan, mevduat munzam karşılığı oranının İran’daki ekonomik buyüme sürecine olumsuz fakat istatistiksel olarak anlamsız bir etkisi olduğu sonucuna varılmıştır. Ayrıca, ihracatın ekonomik buyüme sürecine olumlu fakat istatistiksel olarak anlamsız bir etkisi olduğu tespit edilmiştir. Diğer yandan, tezin ilgi çekici bir sonucu olarak elde edilen sonuçların işgücünün İran’daki ekonomik büyümeye olumsuz bir etkisi olduğunu işaret etmesi ile İran’daki işgücünün mevcut teorilerin tersine ekonomik büyümeyi destekleyici bir rol oynamadığı sonucuna varılmıştır. Bu sonuç İran’daki işgücünün verimsizliği ile açıklanabilmektedir.
Anahtar kelimeler: Finansal serbestleşme, Ekonomik büyüme, İran.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2010. Supervisor: Assist. Prof. Dr. Mete Feridun.Eastern Mediterranean University (EMU)2013-08-16T11:13:52Z2013-08-16T11:13:52Z2010ThesisBanam, Karim Chashm. (2010). Impact of Financial Liberalization on Economic Growth in Iran: An Empirical Investigation. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/687en
oai:i-rep.emu.edu.tr:11129/6882016-03-05T21:10:35Zhdl_11129_2203Determinants of Financial Development in Iran: Do Financial Repression Policies Hinder Financial Development?Nejad, Omid DehghanBanking and FinanceIran - Economic ConditionsFinancial Development - Financial Repression - Johansen CointegrationABSTRACT: It has been widely discussed in the financial development literature that repressive
financial policies have an adverse impact on financial development process in developing countries. Against this backdrop, the purpose of this thesis is to investigate the determinants of financial development in Iran in its post-revolution era and to assess whether financial repression has a significant impact on financial development using annual data spanning the period between 1965 and 2006. For this purpose, the time-series econometric technique of Johansen Cointegration analysis
has been used. The results of the cointegration tests suggest that trade openness, savings and economic growth are statistically significant with a positive coefficient, which means that these variables have a positive impact on financial development in the case of Iran. On the other hand, financial repression index and reserve requirement ratio have a negative coefficient, which suggest that repressive financial policies have indeed a negative impact on financial development process in the case of Iran. An interesting finding of the thesis is that inflation has a positive impact on financial
development in the case of Iran. This is an interesting result as theoretically inflation is expected to inhibit financial development process. Nevertheless, this finding is in line with the theory that there is a critical inflation rate, below which a modest rise in inflation can encourage real activity and promote financial development rather than obstructing financial development.
Keywords: Financial Development, Financial Repression, Johansen Cointegration.
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ÖZ: Finansal bask politikalar n n finansal kalk nma sürecini olumsuz etkilemesi finansal kalkınma literatüründe sıkça tartışıl maktadır. Dolayısıyle, bu tez İran’daki finansal kalkınma sürecinin belirleyicilerini araştırmak ve finansal baskı politikalarının finansal kalkınma sürecine istatistiksel olarak anlamlı bir etkisi olup olmadığını 1965 ve 2006 yıllarını kapsayan yıllık verilere dayanarak Johansen eş-bütünleşme testi ile araştırmayı amaçlamaktadır. Johansen eş-bütünleşme testi sonuçlarına gore ticari açıklık, tasarruflar ve iktisadi büyüme İran’daki finansal kalkınma sürecini olumlu etkilemektedir. Öte yandan, yine Johansen eş-bütünleşme testi sonuçlarına gore finansal baskı endeksi ve mevduat munzam karşılığı oranının İran’daki finansal kalkınma sürecini olumsuz etkilediği sonucuna varılmıştır. Tezin ilgi çekici bir sonucu olarak enflasyonun finansal kalkınma sürecini olumlu etkilediği tespit edilmiştir. Teorik olarak enflasyonun finansal kalkınma sürecini
olumsuz etkilemesi öngörülmesine rağmen bu tez ile İran için bunun tersi bir sonuç elde edilmesi, alternatif bir sav olan belli bir eşik değerin altındaki enflasyonun finansal kalkınma sürecini engellemek yerine destekleyici bir rol oynadığını öne süren teori ile izah edilebilmektedir. Anahtar Kelimeler: Finansal Kalkınma, Finansal Baskı, Johansen Eş-Bütünleşme.Master of Science in Banking and Finance. Thesis (M.S.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2010. Supervisor: Assist. Prof. Dr. Mete Feridun.Eastern Mediterranean University (EMU)2013-08-16T11:26:10Z2013-08-16T11:26:10Z2010ThesisNejad, Omid Dehghan. (2010). Determinants of Financial Development in Iran: Do Financial Repression Policies Hinder Financial Development?. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.http://hdl.handle.net/11129/688en
oai:i-rep.emu.edu.tr:11129/7742016-03-07T06:20:29Zhdl_11129_2196Gendered Labor Market and Labor Force Participation of Women: Case of North CyprusGüven-Lisaniler, FatmaBeton-Kalmaz, DemetNorth Cyprus, Occupational Gender Segregation, Duncan D-index, Female Labor Force ParticipationAbstract
The low labor force participation of women in North Cyprus is an interesting and controversial issue. Since the de facto partition of the island as North and South Cyprus, North Cyprus economy has been suffering shortage of labor. However, women who make up half of the population stay or are held out of the labor force. Although the governments came up with policies of overcoming the shortage by inviting labor to migrate from abroad, specifically from Turkey, they never came up with policies to increase women’s participation. Increasing participation of women may not bring an ultimate solution to the labor shortage problem due to the small size of the population but it is definite that it would help. In 2010, still around 60 percent of working age women population is out of the labor force. The studies on female labor force participation in North Cyprus suggest gender segregation and gender pay gap, that is to say women's concentration in low-paying occupations as the most important explanation for the continuing low labor force participation of women. Therefore, this paper aims at investigating the presence, extent and the patterns of occupational gender segregation in North Cyprus labor market for the period 2004-2010. To investigate the presence, extent and patterns of occupational segregation the D-Index, is computed for 7 years for 9 broad occupational categories for nationwide and across rural and urban regions. Study employs Household Employment Surveys data.
Preliminary results show that total occupational gender segregation increased by %3.5 over the period (2004-2010). Decomposition calculations of the segregation index show that the main reason of the increase in the level of segregation is the increase in the gender composition of individual occupations. Although the occupational structure of the labor force is more integrated in 2010 compared to 2004, due increasing concentration of women in certain occupations total occupational gender segregation increase.
Results also indicate differences in occupational gender segregation through time and across urban and rural regions. In the urban areas occupational gender segregation indices shows that occupational gender segregation decreased by %8.6 over the period. The individual occupations and the occupational structure of the labor force become more integrated in the urban areas and this decrease the occupational segregation in the urban areas. However, in the rural areas occupational gender segregation indices show that occupational gender segregation increased by %62.8 over the period. In rural areas both, the gender composition of individual occupations and occupational structure of the labor force become more segregated.Conference paper. This paper presented at the 8th International Congress on Cyprus Studies 25-27 April 2012, Famagusta-North Cyprus2013-09-05T08:37:34Z2013-09-05T08:37:34Z2013-09-05Working PaperGuven-Lisaniler, Fatma and Beton-Kalmaz, Demet (2012). Gendered Labor Market and Labor Force Participation of Women: Case of North Cyprus. 8th International Congress on Cyprus Studies: 25-27 April 2012, Famagusta:North Cyprus.http://hdl.handle.net/11129/774en
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