Finansal Araştırmalar ve Çalışmalar Dergisi最新文献_第8页

GELİŞMEKTE OLAN ÜLKELERİN BANKA ENDEKSLERİNDEKİ REJİM DEĞİŞİKLİKLERİNİN ANALİZİ

Finansal Araştırmalar ve Çalışmalar Dergisi Pub Date : 2020-07-31 DOI: 10.14784/marufacd.785261

Yakup Söylemez

{"title":"GELİŞMEKTE OLAN ÜLKELERİN BANKA ENDEKSLERİNDEKİ REJİM DEĞİŞİKLİKLERİNİN ANALİZİ","authors":"Yakup Söylemez","doi":"10.14784/marufacd.785261","DOIUrl":"https://doi.org/10.14784/marufacd.785261","url":null,"abstract":"Arastirmanin amaci gelismekte olan ulkelerdeki banka endekslerinin “daralma”, varsa “ilimli buyume” ve “genisleme” donemlerinde i) hangi olasilikla ve ne kadar sure kaldiklari, ii) bulunduklari rejimlerden hangi rejimlere gecme olasiliklarinin yuksek oldugu ve analiz sonucunda elde edilen volatilite yayilimlarinin ne yonde oldugu bilgilerinin elde edilerek analiz edilmesi suretiyle yatirimciya faydali endeksler hakkinda bilgi saglanmasidir. Calisma kapsaminda tek degiskenli Markov rejim degisken karar destek modeli (MSGARCH) kullanilmistir. Arastirmanin veri setini G20 icerisinde yer alan Cin, Hindistan, Brezilya, Guney Kore, Rusya, Meksika, Endonezya, Suudi Arabistan Turkiye, Arjantin ve Guney Afrika borsalarinda islem goren on iki banka ve finansal endeksin 2010-2020 yillari arasindaki gunluk getiri serileri olusturmaktadir. Arastirma G20 icerisindeki gelismekte olan ulkelerin banka ve finansal endekslerinin rejim degisiklikleri gosterdikleri ve rejimlerde kalma surelerinin birbirinden bagimsiz ve farkli olarak gerceklestigine dair bulgular elde etmistir. Bununla birlikte gelismekte olan ulkelerin banka endekslerine yapilacak orta ve uzun vadeli yatirimlarin getiri potansiyelinin yuksek olduguna iliskin kanitlar elde edilmistir.","PeriodicalId":440701,"journal":{"name":"Finansal Araştırmalar ve Çalışmalar Dergisi","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117112482","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}

引用次数: 2

THE EFFECT OF OIL PRICES ON ECONOMIC GROWTH, INFLATION AND STOCK MARKET: AN APPLICATION ON TURKEY ECONOMY 石油价格对经济增长、通货膨胀和股票市场的影响:在土耳其经济中的应用

Finansal Araştırmalar ve Çalışmalar Dergisi Pub Date : 2020-07-31 DOI: 10.14784/marufacd.775871

Kemal Aka

{"title":"THE EFFECT OF OIL PRICES ON ECONOMIC GROWTH, INFLATION AND STOCK MARKET: AN APPLICATION ON TURKEY ECONOMY","authors":"Kemal Aka","doi":"10.14784/marufacd.775871","DOIUrl":"https://doi.org/10.14784/marufacd.775871","url":null,"abstract":"With the developing technology, use of energy and especially consumption of oil are increasing in industrialized countries. Oil use is very important for the growth of economies and development of countries. Changes in oil prices affect country economies deeply. An increase in oil prices, especially for an oil importer country, is considered as a negative indicator of that country's external balance. Thus, Turkey's economy which oil importer is also affected by changes in oil prices. In recent years, sharp increases and decreases in oil prices have attracted the attention of policy makers and macroeconomists and many researches have been made on the macroeconomic impact of oil prices. In this study, it has examined the relationship between economic growth, consumer price index, producer price index, BIST100 index and industrial firms' stocks with oil price using quarterly data for the period 2014Q1-2019Q4 in Turkey. Granger causality analysis was used in the model part of the study. As a result of the study, one-way relation was found from oil prices to economic growth, consumer price index, producer price index and industrial firms' stocks. In addition, a one-way relationship was found from BIST100 index to oil prices.","PeriodicalId":440701,"journal":{"name":"Finansal Araştırmalar ve Çalışmalar Dergisi","volume":"49 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114572306","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}

引用次数: 0

REVIEW OF EXPERIMENTAL DESIGNS AND METHODS IN ECONOMICS OF EDUCATION RESEARCH 教育经济学研究中的实验设计与方法综述

Finansal Araştırmalar ve Çalışmalar Dergisi Pub Date : 2020-07-31 DOI: 10.14784/marufacd.785236

H. Keskin, Mehmet Levent Yilmaz

{"title":"REVIEW OF EXPERIMENTAL DESIGNS AND METHODS IN ECONOMICS OF EDUCATION RESEARCH","authors":"H. Keskin, Mehmet Levent Yilmaz","doi":"10.14784/marufacd.785236","DOIUrl":"https://doi.org/10.14784/marufacd.785236","url":null,"abstract":"The field of economics of education has been receiving constant attention with the advent of growth theories stating how education can produce sustainable long-run economic growth and increase people’s skills (Hanushek & Woessmann, 2015; Mincer, 1974). Despite its universal relevance, educational research has not been placed on the same scale with fields such as medicine due to seldom usage of robust quantitative research and the dearth of causal inferences (Creemers, Kyriakides, & Sammons, 2010). Given this, leading countries in educational research such as the United States (Scimago Journal & Country Rank, 2018) have been initiating “repeated calls for education policy to rely on a foundation of scientifically based research” (Angrist, 2003, para. 1) to nudge the field of education towards using rigorous and innovative methodological methods and experiments (Murnane & Willett, 2011). Using an experimental method is most suitable when the research aims to test the impact of intervention within the respected field of research (Beach & Pedersen, 2016). Henceforward, this paper addresses the opportunities and challenges of using experimental methods in educational interventions, particularly randomized control trials (RCT) and quasi-experiments that test the impact of financial incentives to increase student outcomes. The first section is an overview of experimental designs, followed by sections delineating on RCTs and quasi-experiments, and discussing empirical studies that employ such methods. It should be noted that this paper argues in favor of neither quantitative nor qualitative research methods as both methods can produce quality research if implemented rigorously (Lodico, Spaulding, & Voegtle, 2010).","PeriodicalId":440701,"journal":{"name":"Finansal Araştırmalar ve Çalışmalar Dergisi","volume":"84 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116074968","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}

引用次数: 0

SERBEST YATIRIM FONLARININ AKTİVİST İŞLEMLERİN HİSSE FİYAT PERFORMANSLARININ ANALİZİ

Finansal Araştırmalar ve Çalışmalar Dergisi Pub Date : 2020-07-31 DOI: 10.14784/marufacd.785894

Serkan Ünal

{"title":"SERBEST YATIRIM FONLARININ AKTİVİST İŞLEMLERİN HİSSE FİYAT PERFORMANSLARININ ANALİZİ","authors":"Serkan Ünal","doi":"10.14784/marufacd.785894","DOIUrl":"https://doi.org/10.14784/marufacd.785894","url":null,"abstract":"Bu calismada aktivist serbest yatirim fonlarinin islemleri ve bu islemlerden elde edilen getiriler incelenmistir. Calisma kapsaminda tespit edilen serbest yatirim fonlarina ait 1994 ve 2014 yillari arasinda yayinlanmis olan 1634 adet 13D formu ABD Menkul Kiymetler Borsa Komisyonu (SEC) web sitesinden indirilmis ve gerekli kriterleri saglayan 574 adet islem calismaya dahil edilmistir. Her bir aktivist hisse alim isleminden sonra hissenin fiyatinin nasil hareket ettigine bakilarak farkli zaman araliklarinda aktivist islem uygulanan sirketlerin performanslari incelenmistir. Calismaya dahil edilen 574 farkli isleme ait hem kisa hem uzun vadeli performans verisi, son 20 yilda aktivist isleme ugrayan sirketlerin kisa ve uzun vadede endeksin ustunde performans sergiledigini gostermistir. Calismada aktivist serbest yatirim fonlarinin, son donemde endekse kiyasla daha kotu hisse fiyat performansi sergilemis olan sirketlerde islem yaptiklari gorulmustur. Aktivist isleme dair form yayinlanmadan dokuz gun oncesine kadar ilgili sirketlerde ortalamada negatif performans tespit edilirken, bu tarihten sonra pozitif getiriler saptanmistir. Bu calisma sonuclarina gore literaturdeki diger calismalarin elde ettikleri sonuclar 2008 finansal krizinden sonra da gecerliligini korumaktadir ve hem kisa hem de uzun vadede aktivist serbest yatirim fonlarinin islem yaptiklari sirketlerin fiyat performansina etkileri pozitiftir.","PeriodicalId":440701,"journal":{"name":"Finansal Araştırmalar ve Çalışmalar Dergisi","volume":"187 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125719074","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}

引用次数: 0

YURTİÇİ TASARRUF-YATIRIM DENGESİNİN CARİ İŞLEMLER DENGESİNE ETKİLERİ: TÜRKİYE EKONOMİSİ İÇİN DÖNEMSEL KARŞILAŞTIRMALI BİR ANALİZ

Finansal Araştırmalar ve Çalışmalar Dergisi Pub Date : 2020-01-31 DOI: 10.14784/marufacd.688366

H. Uslu

{"title":"YURTİÇİ TASARRUF-YATIRIM DENGESİNİN CARİ İŞLEMLER DENGESİNE ETKİLERİ: TÜRKİYE EKONOMİSİ İÇİN DÖNEMSEL KARŞILAŞTIRMALI BİR ANALİZ","authors":"H. Uslu","doi":"10.14784/marufacd.688366","DOIUrl":"https://doi.org/10.14784/marufacd.688366","url":null,"abstract":"Bu calismada tasarruf-yatirim dengesi ile cari islemler dengesi arasindaki iliskiler,1980:Q1-2002:Q4 ve 2003:Q1-2019:Q1 donemleri icin iki farkli modelle incelenmistir. Serilerin duraganligi; Lee ve Strazicich (2003) yapisal kirilmali birim kok testiyle incelenmis ve 1980:Q1-2002:Q4 doneminde yatirim serisinin I(1), diger serilerin I(0) olduklari belirlenmistir. 1980-2002 donemi tasarruflar ve yatirimlar serisi arasinda esbutunlesme iliskisinin varligi, Sinir Testi ile incelenmis ve serilerin esbutunlesik olduklari gorulmustur. Modellerdeki yapisal kirilma tarihleri, Bai ve Perron (2003) yontemiyle belirlenmis, kukla degiskenlerle regresyon analizlerine eklenmistir. 1980:Q1-2002:Q4 donemi tasarruf ve yatirim degiskenleri arasindaki regresyon analizi ARDL yontemiyle, diger modeller icin regresyon analizi EKK yontemiyle gerceklestirilmis, Turkiye’de cari islemler aciginin 1980:Q1-2002:Q4 doneminde de 2003:Q1-2019:Q1 doneminde de zayif formda surdurulebilir oldugu, surdurulebilirligin 2003 sonrasinda zayifladigi tespit edilmistir. Yatirim-tasarruf dengesi ile cari islemler dengesi arasinda, her iki donemde de guclu bir iliskinin var oldugu bulunmustur. Seriler arasindaki nedensellik iliskileri; 1980-2002 doneminde Model 1 icin Toda-Yamamoto (1995) yontemiyle, diger modeller icin Granger (1969) testiyle incelenmistir. Bu testler sonucunda; 1980:Q1-2002:Q4 doneminde de 2003:Q1-2019:Q1 doneminde de yurtici tasarruflardan, yurtici yatirimlara dogru tek yonlu bir nedensellik iliskisinin oldugu bulunmustur. 1980:Q1-2002:Q4 doneminde yatirim-tasarruf acigi ile cari islemler acigi arasinda herhangi bir nedensellik iliskisi tespit edilememistir. 2003:Q1-2019:Q1 doneminde yatirim-tasarruf acigi ile cari islemler acigi arasinda iki yonlu nedensellik iliskisi bulunmustur.","PeriodicalId":440701,"journal":{"name":"Finansal Araştırmalar ve Çalışmalar Dergisi","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133694854","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}

引用次数: 1

EN YÜKSEK PİYASA DEĞERİNE SAHİP ÜÇ KRİPTO PARANIN VOLATİLİTELERİNİN TAHMİN EDİLMESİ

Finansal Araştırmalar ve Çalışmalar Dergisi Pub Date : 2020-01-31 DOI: 10.14784/marufacd.688447

İhsan Erdem Kayral

{"title":"EN YÜKSEK PİYASA DEĞERİNE SAHİP ÜÇ KRİPTO PARANIN VOLATİLİTELERİNİN TAHMİN EDİLMESİ","authors":"İhsan Erdem Kayral","doi":"10.14784/marufacd.688447","DOIUrl":"https://doi.org/10.14784/marufacd.688447","url":null,"abstract":"Finansal zaman serilerinde gorulen degisen varyans sorununun (ARCH etkisi) sonucu olarak otoregresif kosullu degisen varyans modelleri bulunmustur. Calismamizda, piyasa degeri en yuksek uc kripto paranin [Bitcoin (BTC), Ethereum (ETH) ve Ripple (XRP)] getirileri incelenmis ve soz konusu getirilerde finansal zaman serilerine benzer sekilde ARCH etkisi bulunmustur. Soz konusu uc kripto paranin volatiliteleri icin en iyi modelin hesaplanmasinda alti GARCH modelini karsilastirilmistir. Bu modeller sirasiyla GARCH (1,1), EGARCH (1,1), TGARCH (1,1), APARCH (1,1), CGARCH (1,1) ve ACGARCH (1,1) modellerinden olusmaktadir. Calisma kapsaminda 01.10.2015 - 01.10.2018 tarihleri arasinda Bitcoin (BTC), Ethereum (ETH) ve Ripple (XRP) kripto paralarinin gunluk kapanis verilerinden elde edilen getiriler kullanilmistir. Volatilite tahminlerinde Bitcoin (BTC) ve Ethereum (ETH) icin en iyi model EGARCH (1,1), Ripple (XRP) icin ise APARCH (1,1) modeli bulunmustur. Calisma kapsaminda bu modeller kullanilarak volatiliteler uzerinde negatif soklarin pozitif soklardan daha fazla etkisinin bulundugunu gosteren kaldirac etkisi incelenmistir. Bitcoin (BTC) ve Ethereum (ETH) modellerinde kaldirac etkisi bulunmamis, bununla birlikte pozitif soklar negatif soklara gore daha fazla volatiliteye neden olmustur. Ancak, Ripple (XRP) volatilite modelinde kaldirac etkisi belirlenmistir.","PeriodicalId":440701,"journal":{"name":"Finansal Araştırmalar ve Çalışmalar Dergisi","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121807684","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}

引用次数: 7

THE ROLE OF COGNITIVE SKILLS ACCUMULATION ON EDUCATIONAL QUALITY AND ECONOMIC GROWTH 认知技能积累对教育质量和经济增长的作用

Finansal Araştırmalar ve Çalışmalar Dergisi Pub Date : 2020-01-01 DOI: 10.14784/marufacd.688318

H. Keskin, Mehmet Levent Yilmaz

{"title":"THE ROLE OF COGNITIVE SKILLS ACCUMULATION ON EDUCATIONAL QUALITY AND ECONOMIC GROWTH","authors":"H. Keskin, Mehmet Levent Yilmaz","doi":"10.14784/marufacd.688318","DOIUrl":"https://doi.org/10.14784/marufacd.688318","url":null,"abstract":"This paper inquires ‘outcomes’ in education quality by focusing on issues related to cognitive skill development. Cognitive skills, which include literacy and numeracy, are defined as the “ability to understand complex ideas, adapt effectively to the environment, learn from experience, and reason” (The World Bank, 2017). UNESCO (2005, p.2) mentions the importance of cognitive development as “the major explicit objective of all education systems” and as one of the principles of defining quality in education. The first section of this paper will elaborate on the role of cognitive skills within the purpose and quality of education, followed by a section on teacher quality, and early childhood education since an amalgam of research states both factors having a significant statistical impact on cognitive skill formation (HW, 2015; Cunha& Heckman, 2017; Dahmann, 2015). The paper will conclude by touching issues regarding measurement and research gaps. There are several factors which enhance cognitive skill formation, and the aim of this research is not about assessing importance/relevance weights on specific factors; instead, it is an inquiry on the lack of cognitive skills within education quality.","PeriodicalId":440701,"journal":{"name":"Finansal Araştırmalar ve Çalışmalar Dergisi","volume":"74 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127189674","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}

引用次数: 1

SÜRDÜRÜLEBİLİRLİK RAPORLAMASINDA ÖLÇÜM PARAMETRELERİ KPI’LAR (TEMEL PERFORMANS GÖSTERGELERI): BANKACILIK SEKTÖRÜNDE ANALİZ

Finansal Araştırmalar ve Çalışmalar Dergisi Pub Date : 2019-07-31 DOI: 10.14784/marufacd.623405

Begüm Öktem

引用次数: 0

YENİLENEBİLİR ENERJİ VE TÜRKİYE

Finansal Araştırmalar ve Çalışmalar Dergisi Pub Date : 2019-07-31 DOI: 10.14784/marufacd.623399

Şahap Kavcıoğlu

引用次数: 1

YÜKSELEN PİYASALARDA ULUSLARARASI FİNANSAL YAYILIMLAR

Finansal Araştırmalar ve Çalışmalar Dergisi Pub Date : 2019-07-31 DOI: 10.14784/marufacd.623404

Mustafa Murat Kubilay, A. Söylemez

引用次数: 0