{"title":"Do the Developments in Telecommunication Leads to the Solow Paradox on Economic Growth in Turkey?","authors":"Huriye Gonca Di̇ler","doi":"10.56578/jcgirm050203","DOIUrl":"https://doi.org/10.56578/jcgirm050203","url":null,"abstract":"Telecommunications infrastructure is critical not only for domestic growth, but also for combining credit with international commodity and financial markets, such as the smooth flow of foreign investment, facilitating the positive value of net exports, and increasing the added value in the economy's GDP. In this study, fixed telephone lines in the period since the Republic of Turkey, is to investigate whether mobile phone and affect the economic growth of the telecommunications sector showing growth in internet connection. In our study, the penetration rate represents the development of telecommunications industry. Penetration rate is defined as the number of fixed line and mobile phone subscribers per 100 people. In order to measure the penetration rate in Turkey, we have used the ratio of the total number of fixed line, mobile subscribers and internet users to the population, taking into account the dates when mobile communication and the internet started. Economic growth is represented as the rate of change to Gross Domestic Product. The data used in this study cover an annual period 1935-2017. After investigating the stationarity of the series of variables, a causal relationship between the Toda-Yamamoto causality test and the penetration rate and GDP change rate series was examined. The findings of the analysis, the development of telecommunications in Turkey revealed that does not affect economic growth. According to this result, the Solow paradox is valid in the period examined in Turkey.","PeriodicalId":404632,"journal":{"name":"Journal of Corporate Governance, Insurance, and Risk Management","volume":"55 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114558697","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Interpretation Principle in Favour of the Employee in the Turkish Individual Labour Law","authors":"Nurgül Emine Barin","doi":"10.56578/jcgirm050202","DOIUrl":"https://doi.org/10.56578/jcgirm050202","url":null,"abstract":"The application of the law in terms of meaning is called interpretation. If there is doubt or conflict in determining the meaning of a legal rule or contract, or if there is a gap in the law, interpretation becomes inevitable. There are many methods of interpretation in general law. However, based on the principle of protecting the employee in labour law, the principle of \"interpretation in favor of the employee \", which is a special form of interpretation, has emerged. In the study, the place and application of this method in individual labour law are discussed. While examining the principle of \"interpretation in favor of the employee\" examples from relevant judicial decisions are given. It is understood that the principle of interpretation in favor of the employee has turned into a settled form of interpretation with judicial decisions in labor law. In the study, it was revealed that there are factors and boundaries that should be considered while applying this interpretation method. Conclusions: As a result of the study, it is understood that the principle of interpretation in favor of the employee, which emerged as a result of the obligation to protect the employee who is weak against the employer, is widely applied in the courts. But, making decisions that disrupt the delicate balance between the employee and the employer by completely ignoring the general principles of the law will prevent the realization of the purpose expected from this method of interpretation. In the article, the factors that should be taken into consideration while applying the principle of \"interpretation in favor of the employee\" are also examined.","PeriodicalId":404632,"journal":{"name":"Journal of Corporate Governance, Insurance, and Risk Management","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-10-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114708807","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Use of Strategic Policy Statements on the Basis of Concepts, An Evaluation in Logistics Businesses","authors":"Mesut Atasever, Semiye Çürük","doi":"10.56578/jcgirm050205","DOIUrl":"https://doi.org/10.56578/jcgirm050205","url":null,"abstract":"Introduction: Strategic management and its most important component, the strategic policies, and the expression of these policies and the implementation of the stated policies are very important. The purpose of this study is to examine the policy statements of the enterprises operating in the field of logistics, which is an important sector for the economy of countries, to examine whether they are current and industry-appropriate statements, and to discuss the reasons. Categorization and interpretation were preferred as methods. As a scope, only policy statements among the strategic concepts shared by the Logistics Association (LODER) member enterprises in the logistics sector have been discussed and studied. Especially in logistics enterprises, the establishment of strategic management and strategic policies, their expression, sharing and their implementation, the concepts emphasized and prioritized in the policies, and whether these concepts are up-to-date and appropriate to the sector should be seen as a problem. According to the findings, an important part of the policy statements are about customers and customer-related concepts. It has been observed that the concepts prioritized in policy statements are not specific to the business, which are popular and shared in most businesses. The fact that the concepts examined are not up to date causes businesses to stay away from the concepts they really need. The fact that the stated policies are not specific to the business will not benefit the strategic management of the business in details. This study is expected to be beneficial to academics and administrators working in this field.","PeriodicalId":404632,"journal":{"name":"Journal of Corporate Governance, Insurance, and Risk Management","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133418614","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
P. J. Baldacchino, Jessica Gatt, N. Tabone, F. Bezzina
{"title":"The Nomination Committee in Maltese Listed Companies","authors":"P. J. Baldacchino, Jessica Gatt, N. Tabone, F. Bezzina","doi":"10.56578/jcgirm050103","DOIUrl":"https://doi.org/10.56578/jcgirm050103","url":null,"abstract":"The aim of this study is to examine the Nomination Committee (NC) in Maltese listed companies. The study achieves this by assessing the Maltese regulatory framework relating to this Committee, as well as its roles, status and effectiveness. A predominantly qualitative mixed methodology was employed to achieve these objectives. Twenty-five semi-structured interviews were held with two financial analysts, two MFSA representatives, eight audit firm representatives and 13 representatives of Maltese Listed Companies (MLCs) Research findings show that the NC is not as yet not well established among MLCs. There is a particular lack of insistence on the part of local regulatory authorities, as well as substantial resistance from listed companies, with regard to the adoption of this committee. Furthermore, most NCs in such companies are not performing all of the roles listed in their Code while the roles currently performed may need to be carried out in a more structured manner. Yet it is highly worthwhile for such companies to devote more attention to the NC, this being one of the best possible bastions of appropriate corporate governance. The change in the status of the NC from being merely recommended by the Code of Principles of Good Corporate Governance to becoming mandatory by the Listing Rules is increasingly called for. In this way, Maltese listed companies will need to embrace such a change. It is hoped that this study will contribute towards fostering more awareness about the NC and the corporate governance of Maltese listed companies.","PeriodicalId":404632,"journal":{"name":"Journal of Corporate Governance, Insurance, and Risk Management","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133015774","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Corporate Governance and Ownership Structure","authors":"I. Todorović, Stevo Pucar","doi":"10.56578/jcgirm050104","DOIUrl":"https://doi.org/10.56578/jcgirm050104","url":null,"abstract":"The highly concentrated ownership in the Bosnia and Herzegovina market provides a rich environment to explore corporate governance practices. The paper will assess effects that ownership structure of companies has on the level of implementation of corporate governance in companies listed on the Official market of the Banja Luka Stock Exchange. Results of implementation of the corporate governance in companies will be presented using Scorecard analysis for evaluation of the implementation of practices and principles of corporate governance for companies which are listed on the Official market of the Banja Luka Stock Exchange. Ownership structure will be presented in three groups of owners determined by controlling owner: government, domestic and foreign owners. Paper will show correlation and effect which different owners of companies have on the level of implementation of corporate governance in these companies.","PeriodicalId":404632,"journal":{"name":"Journal of Corporate Governance, Insurance, and Risk Management","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114234155","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Birgit Bosio, Stefanie Haselwanter, Michael Ceipek
{"title":"The Utilization of Social Media Marketing in Destination Management Organizations","authors":"Birgit Bosio, Stefanie Haselwanter, Michael Ceipek","doi":"10.56578/jcgirm050102","DOIUrl":"https://doi.org/10.56578/jcgirm050102","url":null,"abstract":"The emerging use of social media fundamentally changes the communication and interaction of societies and organizations. It revolutionizes the way organizations market their products and interact with their customers. Social media acts as an agent of change within the marketing and communication of organizations. In particular, the tourism sector is affected by these disruptive changes. Social media influences and changes the interaction between touristic supply and demand sides fundamentally. These upcoming opportunities and challenges are especially relevant for destination management organizations (DMOs), which try to coordinate and market the intangible and immaterial tourism product of a destination. Social media marketing transforms the classical marketing and communication of these destination management organizations. Nevertheless, destination management organizations are still in an experimental stage of utilizing social media as a marketing tool, as they slowly start to realize the potential benefits of social media as an agent of change. This study investigates how DMOs in alpine regions implement social media marketing in their classical marketing strategies through a quantitative survey. Furthermore, the paper outlines which upcoming challenges and opportunities DMOs face by conducting qualitative interviews with social media managers in the destinations. Finally, implications and recommendations for DMOs are presented to cope with the emerging use of social media as a marketing tool.","PeriodicalId":404632,"journal":{"name":"Journal of Corporate Governance, Insurance, and Risk Management","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134333281","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Institutional Theory and Isomorphism: Limitations in Multinational Companies","authors":"Ana Krajnović","doi":"10.56578/jcgirm050101","DOIUrl":"https://doi.org/10.56578/jcgirm050101","url":null,"abstract":"Today's popular thinking is that every organization is unique and, in their processes and organizational behavior, specific. However, we witness how organizations, particularly those operating within the same industry, are becoming similar and the same as each other. The explanation for this occurrence is the institutional theory of organization that was created primarily as a critique to contingency theory that supports idiosyncratic of organizations. Institutional theory of organization explains how organizations operating within the same industry or organizational fields tend to adapt to the same structures, behaviors and activities. In the foreground of the institutional theory of organization is the institutional isomorphism that explains the similarity of the companies in an organizational field. In this paper, the author will present the current knowledge regarding this approach in management and will emphasize the lacks of this theory when it is applied with multinational companies and its subsidiaries; the multinational companies are interesting to researchers because of the complexity of operations and the complexity of the external environment and intra-organizational environment.","PeriodicalId":404632,"journal":{"name":"Journal of Corporate Governance, Insurance, and Risk Management","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126074942","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Contemporary Issues in Retail Industry","authors":"I. Plazibat, Mario Dadić","doi":"10.56578/jcgirm040203","DOIUrl":"https://doi.org/10.56578/jcgirm040203","url":null,"abstract":"With regard to both the consumer behavior and the overall competition structure, the retail industry is constantly changing. Each industry has its peculiarities, retail is no exception. The customer loyalty levels are decreasing, therefore, the retail management at large has to decide which effective measures to take, in order to simultaneously gain new customers and retain the existing ones. At present, the average buyer is educated, experienced, and keenly self-aware of his/her importance, as well as of the entire purchasing process. Consequently, it is essential to obtain access and keep the buyer satisfied. The changes required, with regard to the management of retail chains, should thus cover all the stages of the process, ranging from the procurement to sales. In this particular paper, we examine the corporate governance process and its’ requirements of competing on the retail market. The overview of the entire organizational structure and the processes required to operate under current retail management conditions will be analyzed. The findings will prove to be quite beneficial to Croatian retail companies and aid in overcoming the major threat of EU competitors, laying out the changes necessary for survival within this particular industry branch.","PeriodicalId":404632,"journal":{"name":"Journal of Corporate Governance, Insurance, and Risk Management","volume":"70 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114930620","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Corporate Governance and Economic Crisis in Developing Countries","authors":"I. Todorović, Stevo Pucar","doi":"10.56578/jcgirm040204","DOIUrl":"https://doi.org/10.56578/jcgirm040204","url":null,"abstract":"The paper analyses influence of global economic crisis on enterprises from developing countries. Analysis is conducted with the goal of determining the reason of crisis and imposing recommendations for mitigation of effects arose from crisis. Main assumption is that irresponsible behaviour of decision makers is the main cause of economic crisis. Due to this, standards and good practice of corporate governance in OECD countries and the Republic of Srpska are analyzed with goal to indicate the omissions in their implementation. Also attitudes of OECD action plan for improvement of corporate governance are presented and recommendations for improvement for state of corporate governance in the Republic of Srpska are imposed.","PeriodicalId":404632,"journal":{"name":"Journal of Corporate Governance, Insurance, and Risk Management","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134644250","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Managerial Skills: Does Family Ownership Make a Difference?","authors":"Ivana Bulog, Ivona Jukić, Dejan Kružić","doi":"10.56578/jcgirm040202","DOIUrl":"https://doi.org/10.56578/jcgirm040202","url":null,"abstract":"More than ever before, success or a failure of a modern company is the result of managers’ ability to adopt his/her way of managing everyday changing circumstances. The organizational environment demands effective managers with the ability to make effective decisions which will shape business performance. So, it could be acknowledged that among several different factors that can determine a company’s progress, the key factors are managers - their qualities and skills. This paper considers similarities and differences among managers in two companies in Croatia - family owned and nonfamily owned - analyzing eight essential skill areas where they should focus their efforts: understanding team dynamics, selecting and developing the right people, delegating, motivating, managing conflict, communicating, decision making and problem solving, and avoiding common managerial mistakes. Qualitative research was conducted and interesting and somewhat puzzling results were found. Results indicated that ownership made a difference concerning managerial skills. Based on the overall findings, the research offers foundation for future research in this area. The implications of the findings are discussed in terms of value for managers and their companies due to the improvement and development of all essential areas of managing.","PeriodicalId":404632,"journal":{"name":"Journal of Corporate Governance, Insurance, and Risk Management","volume":"206 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114202212","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}