Pub Date : 2023-09-30DOI: 10.17261/pressacademia.2023.1749
Humeyra Dogru Dastan
Purpose- The idea of sustainability performance has grown significantly in importance for both practitioners and academicians as a result of the growing interest in environmental corporate operations in today's competitive climate. Companies in the travel and hospitality industries have also paid close attention to sustainability performance. To achieve sustainable performance, businesses in the tourism sector realize social, environmental, and economic components at the same time. This study aims to explore the antecedents and consequences of sustainable performance in tourism industry. Methodology- The study employs a literature review on articles concerning sustainability performance of tourism firms. The present research endeavors to synthesize the stream of literature on sustainability performance in the field of tourism published between 2018 and 2022. The relevant studies were systematically analyzed on the basis of the data gathered from the Scopus database. Findings- The findings of the study are presented along with the coding frame in three main sections: Research scope, research methodology, and empirical issues including antecedents and consequences of sustainability performance of tourism firms. The antecedents of environmental sustainability are categorized into four sub-categories namely ecology-related, resource-related, product-related, and management-related antecedents. The antecedents of economic sustainability is classified into four sub-categories namely consumer- related, marketing-related, financial and organizational antecedents. Social sustainability antecedents are summarized into four categories namely employee-related, community-related, stakeholder-related, and visitor-related antecedents. Further, sustainable performance is significantly related to high financial performance, market performance, perceived credibility and organizational culture. Conclusion- Tourism firms and destinations should concentrate on ecology-related antecedents, financial and marketing-related antecedents, employee-related and community-related antecedents in order to achieve sustainable performance. Although there are many studies that focus on the causes of sustainable performance, few researchers look into the results of sustainable performance. The effects of sustainable performance should be studied in further research. Keywords: Sustainability performance, environmental performance, tourism industry, antecedents, indicators JEL Codes: L25, L83, Q01
{"title":"ANTECEDENTS AND CONSEQUENCES OF SUSTAINABILITY PERFORMANCE IN TOURISM INDUSTRY","authors":"Humeyra Dogru Dastan","doi":"10.17261/pressacademia.2023.1749","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1749","url":null,"abstract":"Purpose- The idea of sustainability performance has grown significantly in importance for both practitioners and academicians as a result of the growing interest in environmental corporate operations in today's competitive climate. Companies in the travel and hospitality industries have also paid close attention to sustainability performance. To achieve sustainable performance, businesses in the tourism sector realize social, environmental, and economic components at the same time. This study aims to explore the antecedents and consequences of sustainable performance in tourism industry. Methodology- The study employs a literature review on articles concerning sustainability performance of tourism firms. The present research endeavors to synthesize the stream of literature on sustainability performance in the field of tourism published between 2018 and 2022. The relevant studies were systematically analyzed on the basis of the data gathered from the Scopus database. Findings- The findings of the study are presented along with the coding frame in three main sections: Research scope, research methodology, and empirical issues including antecedents and consequences of sustainability performance of tourism firms. The antecedents of environmental sustainability are categorized into four sub-categories namely ecology-related, resource-related, product-related, and management-related antecedents. The antecedents of economic sustainability is classified into four sub-categories namely consumer- related, marketing-related, financial and organizational antecedents. Social sustainability antecedents are summarized into four categories namely employee-related, community-related, stakeholder-related, and visitor-related antecedents. Further, sustainable performance is significantly related to high financial performance, market performance, perceived credibility and organizational culture. Conclusion- Tourism firms and destinations should concentrate on ecology-related antecedents, financial and marketing-related antecedents, employee-related and community-related antecedents in order to achieve sustainable performance. Although there are many studies that focus on the causes of sustainable performance, few researchers look into the results of sustainable performance. The effects of sustainable performance should be studied in further research. Keywords: Sustainability performance, environmental performance, tourism industry, antecedents, indicators JEL Codes: L25, L83, Q01","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136272363","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}
Pub Date : 2023-09-30DOI: 10.17261/pressacademia.2023.1781
Ertugrul Gokcekuyu
Purpose- The Protestant Ethic and the Spirit of Capitalism," and Milton Friedman's influential book, "Capitalism and Freedom," offer valuable insights into the intricate relationship between religion, capitalism, and the development of Western societies. Weber's analysis focuses on the historical and cultural factors that have shaped the evolution of capitalism, particularly examining the influence of religious beliefs, such as Protestantism. He argues that the Protestant work ethic, emphasizing hard work, thrift, and the pursuit of wealth, played a significant role in fostering capitalism. On the other hand, Friedman, an economist and advocate of classical liberal economics, explores the advantages of free-market capitalism and emphasizes limited government intervention in the economy. While acknowledging the historical impact of religion, Friedman primarily addresses the economic principles of capitalism and its relationship with political freedom. Weber's work draws upon historical research and sociological insights, while Friedman relies on economic theory and empirical analysis. Ultimately, Weber's analysis provides a deeper understanding of how Western societies adopted a capitalist work ethos, while Friedman's "Capitalism and Freedom" promotes a laissez-faire approach to economic policy, advocating for limited government intervention and the benefits of free markets. Methodology- Methodology employed in this study centers around conducting a discourse analysis of Max Weber's "The Protestant Ethic and the Spirit of Capitalism" and Milton Friedman's "Capitalism and Freedom." The aim was to deconstruct the narratives presented in these influential books and analyze their respective perspectives on the relationship between religion, capitalism, and freedom. The primary methodological approach involved a close reading and critical examination of the texts, through which the ideas, arguments, and underlying assumptions put forth by Weber and Friedman were explored. By thoroughly engaging with the content of the books, a comprehensive understanding of the authors' viewpoints and the nuances of their arguments was sought. Additionally, comparative analysis techniques were employed to identify similarities and differences in the approaches taken by Weber and Friedman. Through this comparative approach, the distinctive aspects of their theories were highlighted, and the broader discourse surrounding religion, capitalism, and freedom in Western societies was illuminated.. Findings- According to Max Weber, the Protestant Reformation, with a specific focus on Calvinism, was instrumental in promoting values and behaviors that nurtured the capitalist spirit. The Protestant work ethic, emphasizing hard work, thrift, and the pursuit of wealth, created an environment conducive to the rise of capitalism. Milton Friedman primarily explores the economic principles of capitalism and their relationship with political freedom. It is argued by Friedman that econom
{"title":"A COMPARATIVE STUDY OF CAPITALISM: MAX WEBER AND MILTON FRIEDMAN","authors":"Ertugrul Gokcekuyu","doi":"10.17261/pressacademia.2023.1781","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1781","url":null,"abstract":"Purpose- The Protestant Ethic and the Spirit of Capitalism,\" and Milton Friedman's influential book, \"Capitalism and Freedom,\" offer valuable insights into the intricate relationship between religion, capitalism, and the development of Western societies. Weber's analysis focuses on the historical and cultural factors that have shaped the evolution of capitalism, particularly examining the influence of religious beliefs, such as Protestantism. He argues that the Protestant work ethic, emphasizing hard work, thrift, and the pursuit of wealth, played a significant role in fostering capitalism. On the other hand, Friedman, an economist and advocate of classical liberal economics, explores the advantages of free-market capitalism and emphasizes limited government intervention in the economy. While acknowledging the historical impact of religion, Friedman primarily addresses the economic principles of capitalism and its relationship with political freedom. Weber's work draws upon historical research and sociological insights, while Friedman relies on economic theory and empirical analysis. Ultimately, Weber's analysis provides a deeper understanding of how Western societies adopted a capitalist work ethos, while Friedman's \"Capitalism and Freedom\" promotes a laissez-faire approach to economic policy, advocating for limited government intervention and the benefits of free markets. Methodology- Methodology employed in this study centers around conducting a discourse analysis of Max Weber's \"The Protestant Ethic and the Spirit of Capitalism\" and Milton Friedman's \"Capitalism and Freedom.\" The aim was to deconstruct the narratives presented in these influential books and analyze their respective perspectives on the relationship between religion, capitalism, and freedom. The primary methodological approach involved a close reading and critical examination of the texts, through which the ideas, arguments, and underlying assumptions put forth by Weber and Friedman were explored. By thoroughly engaging with the content of the books, a comprehensive understanding of the authors' viewpoints and the nuances of their arguments was sought. Additionally, comparative analysis techniques were employed to identify similarities and differences in the approaches taken by Weber and Friedman. Through this comparative approach, the distinctive aspects of their theories were highlighted, and the broader discourse surrounding religion, capitalism, and freedom in Western societies was illuminated.. Findings- According to Max Weber, the Protestant Reformation, with a specific focus on Calvinism, was instrumental in promoting values and behaviors that nurtured the capitalist spirit. The Protestant work ethic, emphasizing hard work, thrift, and the pursuit of wealth, created an environment conducive to the rise of capitalism. Milton Friedman primarily explores the economic principles of capitalism and their relationship with political freedom. It is argued by Friedman that econom","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136272512","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}
Pub Date : 2023-09-30DOI: 10.17261/pressacademia.2023.1814
Sukriye Tuysuz
Purpose- Identify the best model/method to accurately forecast the Value-at-Risk (VaR) and the Expected Shortfall (ES) of position. Methodology- The dynamic of each retained return series was estimated with one of retained GARCH-type model combined with one of retained probability distributions (normal, fat-tailed, and skewed) in each retained sub-periods (window). In each window (sub-period), the 1-day ahead VaR and ES were forecasted by using the best selected GARCH-type model. More than 4000 1-day ahead VaR and ES were forecasted with each retained model/method. Based on 252-day rolling-window, forecasted VaR and ES with each retained model/method were backtested around 3750 times. Findings- Our results revealed that the best fitting GARCH-specifications combined with skewed Student or GED distribution enable to accurately forecast VaR more often. However, the best methods based on the best fitting GARCH-specifications combined with the best fitting probability distribution do not improve the frequency of acceptance of the null hypothesis stating the accuracy of the method. The accuracy of models tends to deteriorate during crises periods. Conclusion- Modeling and forecasting the dynamic of retained series with skewed probability distributions (skwed student or wked GED) improve the forecasting accuracy of a parametric or semi parametric model. A performan model in sample may not perform well out sample. Forecasted VaR should be complemented with Stressed VaR or ES. Keywords: VaR, ES, parametric, semi-parametric, backtesting, probability distribution, rolling-window. JEL Codes: G11, C10, C51
{"title":"Comparison of the accuracy of models in forecasting VAR and ES Through time","authors":"Sukriye Tuysuz","doi":"10.17261/pressacademia.2023.1814","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1814","url":null,"abstract":"Purpose- Identify the best model/method to accurately forecast the Value-at-Risk (VaR) and the Expected Shortfall (ES) of position. Methodology- The dynamic of each retained return series was estimated with one of retained GARCH-type model combined with one of retained probability distributions (normal, fat-tailed, and skewed) in each retained sub-periods (window). In each window (sub-period), the 1-day ahead VaR and ES were forecasted by using the best selected GARCH-type model. More than 4000 1-day ahead VaR and ES were forecasted with each retained model/method. Based on 252-day rolling-window, forecasted VaR and ES with each retained model/method were backtested around 3750 times. Findings- Our results revealed that the best fitting GARCH-specifications combined with skewed Student or GED distribution enable to accurately forecast VaR more often. However, the best methods based on the best fitting GARCH-specifications combined with the best fitting probability distribution do not improve the frequency of acceptance of the null hypothesis stating the accuracy of the method. The accuracy of models tends to deteriorate during crises periods. Conclusion- Modeling and forecasting the dynamic of retained series with skewed probability distributions (skwed student or wked GED) improve the forecasting accuracy of a parametric or semi parametric model. A performan model in sample may not perform well out sample. Forecasted VaR should be complemented with Stressed VaR or ES. Keywords: VaR, ES, parametric, semi-parametric, backtesting, probability distribution, rolling-window. JEL Codes: G11, C10, C51","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136342965","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}
Pub Date : 2023-09-30DOI: 10.17261/pressacademia.2023.1807
Filiz Mizrak
Purpose- This literature review aims to delve into the nexus between cybersecurity risk management and strategic management, comprehensively exploring how organizations weave risk management strategies into their broader strategies to safeguard digital assets and infrastructure against the backdrop of ever-evolving cyber threats. Methodology- The review employs a qualitative methodology, synthesizing insights from a diverse selection of scholarly works encompassing cybersecurity, risk management, and strategic management. These insights are analyzed to unveil patterns and trends that highlight the integration of cybersecurity risk management within strategic organizational frameworks. Findings- The review uncovers a critical interdependence between cybersecurity risk management and strategic management, showcasing how organizations formulate proactive measures to mitigate cyber risks while aligning them with overarching strategic goals. It also underscores the role of organizational culture, leadership commitment, and technological advancements in shaping effective cybersecurity risk management strategies. Conclusion- The synthesis of scholarly findings accentuates the pivotal role of cybersecurity risk management in modern organizations. The review underscores the importance of fostering a strategic mindset towards cybersecurity, with a proactive approach that integrates risk management efforts within the broader organizational strategy. This not only shields digital assets but also promotes resilience, enabling organizations to thrive despite an increasingly dynamic and hostile digital landscape. Keywords: Strategic management, cyber security, cyber risks, risk management, organizational strategy. JEL Codes: M00, M10, M15
{"title":"Integrating cybersecurity risk management into strategic management: a comprehensive literature review","authors":"Filiz Mizrak","doi":"10.17261/pressacademia.2023.1807","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1807","url":null,"abstract":"Purpose- This literature review aims to delve into the nexus between cybersecurity risk management and strategic management, comprehensively exploring how organizations weave risk management strategies into their broader strategies to safeguard digital assets and infrastructure against the backdrop of ever-evolving cyber threats. Methodology- The review employs a qualitative methodology, synthesizing insights from a diverse selection of scholarly works encompassing cybersecurity, risk management, and strategic management. These insights are analyzed to unveil patterns and trends that highlight the integration of cybersecurity risk management within strategic organizational frameworks. Findings- The review uncovers a critical interdependence between cybersecurity risk management and strategic management, showcasing how organizations formulate proactive measures to mitigate cyber risks while aligning them with overarching strategic goals. It also underscores the role of organizational culture, leadership commitment, and technological advancements in shaping effective cybersecurity risk management strategies. Conclusion- The synthesis of scholarly findings accentuates the pivotal role of cybersecurity risk management in modern organizations. The review underscores the importance of fostering a strategic mindset towards cybersecurity, with a proactive approach that integrates risk management efforts within the broader organizational strategy. This not only shields digital assets but also promotes resilience, enabling organizations to thrive despite an increasingly dynamic and hostile digital landscape. Keywords: Strategic management, cyber security, cyber risks, risk management, organizational strategy. JEL Codes: M00, M10, M15","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136343089","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}
Pub Date : 2023-09-30DOI: 10.17261/pressacademia.2023.1824
Regis Namuddu, Kehbuma Langmia
Purpose- Despite progress in achieving gender diversity on corporate boards, there is a growing recognition that mere representation of women does not guarantee their inclusion in terms of active participation and influencing board decisions. This research paper aimed at generating a substantive grounded theory that gives the meaning of inclusion in the boardroom and what should be the ideal practice of inclusion on boards of public sector organizations in Uganda Methodology- A qualitative study was carried out applying a constructivist grounded theory approach. This approach acknowledges the researchers' introspection and involves interpretation of data. A purposive sampling method and snowball technique were used to obtain a sample of 16 female directors serving on boards of public sector organizations in Uganda. Semi-structured interviews were used to obtain data. The collection of data and analysis were done concurrently using the coding method to analyze data and to enable a thematic analysis of the themes that define inclusion and the ideal practice of inclusion within boards. Findings- Findings indicate that inclusion means diversity, gender sensitivity, equal opportunity, exploiting potential, and adopting a board charter. On the other hand, the developed ideal practice of inclusion model had some themes similar to the meaning of inclusion. The themes included; Gender Sensitivity, Diverse competencies, Necessary skills, Inclusive behavior, Exploiting potential, and board charter. Conclusion- The original value of this paper lies in its exploration of the complementary relationship between gender diversity and inclusion on boards. Highlighting the importance of inclusion efforts to reap the benefits of gender diversity on boards. Additionally, by applying the constructivist grounded theory approach this paper provides practical guidance for organizations that strive to achieve gender diversity and inclusion on boards Keywords: Female directors, board of directors, ınclusion, gender diversity, public sector organizations. JEL Codes: J16, G34, M14
{"title":"The meaning and practice of inclusion AMIDST gender diversity on boards of public sector organizations in Uganda","authors":"Regis Namuddu, Kehbuma Langmia","doi":"10.17261/pressacademia.2023.1824","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1824","url":null,"abstract":"Purpose- Despite progress in achieving gender diversity on corporate boards, there is a growing recognition that mere representation of women does not guarantee their inclusion in terms of active participation and influencing board decisions. This research paper aimed at generating a substantive grounded theory that gives the meaning of inclusion in the boardroom and what should be the ideal practice of inclusion on boards of public sector organizations in Uganda Methodology- A qualitative study was carried out applying a constructivist grounded theory approach. This approach acknowledges the researchers' introspection and involves interpretation of data. A purposive sampling method and snowball technique were used to obtain a sample of 16 female directors serving on boards of public sector organizations in Uganda. Semi-structured interviews were used to obtain data. The collection of data and analysis were done concurrently using the coding method to analyze data and to enable a thematic analysis of the themes that define inclusion and the ideal practice of inclusion within boards. Findings- Findings indicate that inclusion means diversity, gender sensitivity, equal opportunity, exploiting potential, and adopting a board charter. On the other hand, the developed ideal practice of inclusion model had some themes similar to the meaning of inclusion. The themes included; Gender Sensitivity, Diverse competencies, Necessary skills, Inclusive behavior, Exploiting potential, and board charter. Conclusion- The original value of this paper lies in its exploration of the complementary relationship between gender diversity and inclusion on boards. Highlighting the importance of inclusion efforts to reap the benefits of gender diversity on boards. Additionally, by applying the constructivist grounded theory approach this paper provides practical guidance for organizations that strive to achieve gender diversity and inclusion on boards Keywords: Female directors, board of directors, ınclusion, gender diversity, public sector organizations. JEL Codes: J16, G34, M14","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135037702","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}
Pub Date : 2023-09-30DOI: 10.17261/pressacademia.2023.1750
Cuneyd Ikbal Sarioglu
Purpose- The understanding of competition that continues in many areas of enterprises also continues in branding. Businesses that succeed in branding provide a competitive advantage. Businesses will be guided in branding by thinking about concepts such as brand image and brand likeability related to branding in the context of conspicuous consumption. Thus, consumer behaviour in the future can be predicted more realistically by analyzing the factors affecting the conspicuous consumption trend. In an intensely competitive environment, brands develop strategies that will ensure recognition and adoption by consumers. Brand image and likability play an essential role in this process. Although many studies are conducted on ostentatious consumption, brand image and brand likeability, a limited number of studies evaluate the three concepts together. This study focuses on the mediator effect of brand likeability in the relationship between brand image and conspicuous consumption. Thus, a research model has been created due to the literature review and the collected data were tested through the hypotheses created. Methodology- Quantitative data collection and analysis method has been used in the research and the research universe comprises consumers over 18 in the Marmara region, and the sample comprises 748 people who participated in the research. The data were analyzed with the SPSS and Process Macro program. The research model created due to the literature review has been tested. Findings- When looking at the research findings, it positively and significantly affects the ostentatious consumption tendency of brand image. Accordingly, the first hypothesis is confirmed. At the same time, this relationship mediates brand likeability; thus, hypothesis 2 is also accepted. Conclusion- The tendency to conspicuous consumption emerges by being influenced by brand image and brand likeability factors. In the research, there has yet to be a study that correlates brand image and brand likeability with conspicuous consumption. From this point of view, the study is a candidate to contribute to the literature. Keywords: Conspicuous consumption, consumers, brand, brand image, brand likeability. JEL Codes: M30, M31, M39
{"title":"THE MEDIATING EFFECT OF BRAND LIKEABILITY ON THE RELATIONSHIP BETWEEN BRAND IMAGE AND CONSPICUOUS CONSUMPTION","authors":"Cuneyd Ikbal Sarioglu","doi":"10.17261/pressacademia.2023.1750","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1750","url":null,"abstract":"Purpose- The understanding of competition that continues in many areas of enterprises also continues in branding. Businesses that succeed in branding provide a competitive advantage. Businesses will be guided in branding by thinking about concepts such as brand image and brand likeability related to branding in the context of conspicuous consumption. Thus, consumer behaviour in the future can be predicted more realistically by analyzing the factors affecting the conspicuous consumption trend. In an intensely competitive environment, brands develop strategies that will ensure recognition and adoption by consumers. Brand image and likability play an essential role in this process. Although many studies are conducted on ostentatious consumption, brand image and brand likeability, a limited number of studies evaluate the three concepts together. This study focuses on the mediator effect of brand likeability in the relationship between brand image and conspicuous consumption. Thus, a research model has been created due to the literature review and the collected data were tested through the hypotheses created. Methodology- Quantitative data collection and analysis method has been used in the research and the research universe comprises consumers over 18 in the Marmara region, and the sample comprises 748 people who participated in the research. The data were analyzed with the SPSS and Process Macro program. The research model created due to the literature review has been tested. Findings- When looking at the research findings, it positively and significantly affects the ostentatious consumption tendency of brand image. Accordingly, the first hypothesis is confirmed. At the same time, this relationship mediates brand likeability; thus, hypothesis 2 is also accepted. Conclusion- The tendency to conspicuous consumption emerges by being influenced by brand image and brand likeability factors. In the research, there has yet to be a study that correlates brand image and brand likeability with conspicuous consumption. From this point of view, the study is a candidate to contribute to the literature. Keywords: Conspicuous consumption, consumers, brand, brand image, brand likeability. JEL Codes: M30, M31, M39","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"61 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136271487","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}
Pub Date : 2023-09-30DOI: 10.17261/pressacademia.2023.1794
Bura Sabiha Kelek
Purpose- Adventure tourism has gained significant popularity in recent years, and its effective branding has become crucial for destinations to attract visitors. This research paper explores the role of hot air balloon management in the branding process of Cappadocia, a region renowned for its unique geological formations and rich cultural heritage. Cappadocia's hot air balloon rides have emerged as one of the most sought-after adventure tourism experiences in the world. Methodology- This study aims to investigate the factors contributing to the success of hot air balloon management in the branding process of Cappadocia.Using a qualitative research approach, data was collected through in-depth interviews with key stakeholders, including hot air balloon operators, local authorities, and tourists. The findings reveal several key factors that have led to the remarkable success of hot air balloon management in Cappadocia's branding efforts. First, the natural landscape of Cappadocia, with its stunning rock formations and fairy chimneys, provides a unique and picturesque backdrop for hot air balloon rides, creating an unforgettable experience for tourists. Additionally, the collaboration and cooperation among local stakeholders, including government bodies, tourism organizations, and hot air balloon operators, have played a crucial role in maintaining a high level of safety standards, operational efficiency, and visitor satisfaction. Findings- Furthermore, the marketing strategies employed by hot air balloon operators, such as social media campaigns, strategic partnerships, and targeted promotions, have effectively positioned Cappadocia as a must-visit adventure tourism destination globally. The seamless integration of hot air balloon rides into the broader tourism offerings of Cappadocia, including cave hotels, historical sites, and cultural experiences, has enhanced the region's overall branding and tourism appeal. Conclusion- This research paper highlights the importance of effective management practices in adventure tourism destinations and provides valuable insights for destination managers, policymakers, and tourism stakeholders seeking to develop and enhance adventure tourism branding. The findings contribute to the existing literature on adventure tourism management and offer practical recommendations for other destinations aiming to leverage their unique attractions in the branding process. Keywords: Adventure tourism, branding, hot air balloon management, Cappadocia, destination marketing, stakeholder collaboration JEL Codes: N7,N9,Z32
{"title":"AN ADVENTURE TOURISM STORY IN THE BRANDING PROCESS: HOT AIR BALLOON MANAGEMENT SUCCESSES IN CAPPADOCIA","authors":"Bura Sabiha Kelek","doi":"10.17261/pressacademia.2023.1794","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1794","url":null,"abstract":"Purpose- Adventure tourism has gained significant popularity in recent years, and its effective branding has become crucial for destinations to attract visitors. This research paper explores the role of hot air balloon management in the branding process of Cappadocia, a region renowned for its unique geological formations and rich cultural heritage. Cappadocia's hot air balloon rides have emerged as one of the most sought-after adventure tourism experiences in the world. Methodology- This study aims to investigate the factors contributing to the success of hot air balloon management in the branding process of Cappadocia.Using a qualitative research approach, data was collected through in-depth interviews with key stakeholders, including hot air balloon operators, local authorities, and tourists. The findings reveal several key factors that have led to the remarkable success of hot air balloon management in Cappadocia's branding efforts. First, the natural landscape of Cappadocia, with its stunning rock formations and fairy chimneys, provides a unique and picturesque backdrop for hot air balloon rides, creating an unforgettable experience for tourists. Additionally, the collaboration and cooperation among local stakeholders, including government bodies, tourism organizations, and hot air balloon operators, have played a crucial role in maintaining a high level of safety standards, operational efficiency, and visitor satisfaction. Findings- Furthermore, the marketing strategies employed by hot air balloon operators, such as social media campaigns, strategic partnerships, and targeted promotions, have effectively positioned Cappadocia as a must-visit adventure tourism destination globally. The seamless integration of hot air balloon rides into the broader tourism offerings of Cappadocia, including cave hotels, historical sites, and cultural experiences, has enhanced the region's overall branding and tourism appeal. Conclusion- This research paper highlights the importance of effective management practices in adventure tourism destinations and provides valuable insights for destination managers, policymakers, and tourism stakeholders seeking to develop and enhance adventure tourism branding. The findings contribute to the existing literature on adventure tourism management and offer practical recommendations for other destinations aiming to leverage their unique attractions in the branding process. Keywords: Adventure tourism, branding, hot air balloon management, Cappadocia, destination marketing, stakeholder collaboration JEL Codes: N7,N9,Z32","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"48 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136272230","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}
Pub Date : 2023-09-30DOI: 10.17261/pressacademia.2023.1767
Zoumana Ouattara
Purpose- The purpose of this study is to examine how exchange rate volatility affects international trade in developing countries, particularly for Turkey. Methodology- The study employs secondary monthly data from data providers like Turkish central bank (TCMB) and Turkish statistical institute (TUIK) website from 01.01.2018 to 31.12.2022 with 60 observations, samples used are exchange rate, consumer price index as independent variables and export as dependent variable. We employed GARCH model while analyzing in E-views 9.0 version in order to estimate the conditional volatility of the exchange rate and consumer price index on the trade volume Findings- The analysis reveals export volume is influenced by a exchange rate volatility. For portfolio managers and policymakers seeking to understand the patterns of global capital flows, these findings have significant implications. Conclusion- based upon the analyisis7Findings it may be concluded that the CPI (Consumer Price Index) has a substantial impact on international trade by affecting the cost of production and prices of products and services. A country's trade balance may suffer as a result of high inflation, which can cause a decrease in exports and a rise in imports. On the other hand, low inflation might result in higher exports and lower imports for a nation, which will improve the country's trade balance. Moreover, by affecting the relative pricing of goods and services across nations, the exchange rate has a considerable effect on international trade. A country's exports become more expensive while its imports get cheaper when its currency appreciates. This might result in a decrease in exports and an increase in imports, which is bad for the country's balance of trade. In contrast, a country's exports become more reasonable priced while its imports become more expensive and when its currency appreciates. It causes an increase in exports and a drop in imports, which has a positive impact on the country's trade balance. Countries can use a variety of initiatives, including enacting laws to regulate currency fluctuations, employing exchange rate hedging techniques, and increasing exports through trade agreements, to manage the effect of currency rate on foreign trade. In order to increase the quality and value of their exports, countries can invest in enhancing their productivity and competitiveness, which can counteract the negative effects of currency changes. Keywords: Exchange rate, consumer price index, international trade, volatility, JEL Codes: M40, M41
{"title":"THE IMPACT OF EXCHANGE RATE VOLATILITY ON INTERNATIONAL TRADE IN DEVELOPING COUNTRIES: EVIDENCE FROM TURKIYE","authors":"Zoumana Ouattara","doi":"10.17261/pressacademia.2023.1767","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1767","url":null,"abstract":"Purpose- The purpose of this study is to examine how exchange rate volatility affects international trade in developing countries, particularly for Turkey. Methodology- The study employs secondary monthly data from data providers like Turkish central bank (TCMB) and Turkish statistical institute (TUIK) website from 01.01.2018 to 31.12.2022 with 60 observations, samples used are exchange rate, consumer price index as independent variables and export as dependent variable. We employed GARCH model while analyzing in E-views 9.0 version in order to estimate the conditional volatility of the exchange rate and consumer price index on the trade volume Findings- The analysis reveals export volume is influenced by a exchange rate volatility. For portfolio managers and policymakers seeking to understand the patterns of global capital flows, these findings have significant implications. Conclusion- based upon the analyisis7Findings it may be concluded that the CPI (Consumer Price Index) has a substantial impact on international trade by affecting the cost of production and prices of products and services. A country's trade balance may suffer as a result of high inflation, which can cause a decrease in exports and a rise in imports. On the other hand, low inflation might result in higher exports and lower imports for a nation, which will improve the country's trade balance. Moreover, by affecting the relative pricing of goods and services across nations, the exchange rate has a considerable effect on international trade. A country's exports become more expensive while its imports get cheaper when its currency appreciates. This might result in a decrease in exports and an increase in imports, which is bad for the country's balance of trade. In contrast, a country's exports become more reasonable priced while its imports become more expensive and when its currency appreciates. It causes an increase in exports and a drop in imports, which has a positive impact on the country's trade balance. Countries can use a variety of initiatives, including enacting laws to regulate currency fluctuations, employing exchange rate hedging techniques, and increasing exports through trade agreements, to manage the effect of currency rate on foreign trade. In order to increase the quality and value of their exports, countries can invest in enhancing their productivity and competitiveness, which can counteract the negative effects of currency changes. Keywords: Exchange rate, consumer price index, international trade, volatility, JEL Codes: M40, M41","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136272515","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}
Pub Date : 2023-09-30DOI: 10.17261/pressacademia.2023.1809
Siddhartha Gupta, Mohammad Ali
Purpose- The Garment industry plays a vital role in the Bangladeshi economy and contributes to its export earnings. The present study has focused on primary factors of buying behavior of undergraduate students between the age group of 18-24 during the purchase of their cotton apparel. Therefore, the purpose of this study is to undertake the cotton cloth buying behavior among university students and investigate the independent predictors for their preference for such cloth. Methodology- For identifying the independent factors, primary data was collected from 200 consumers through questionnaires across various departments of Chittagong University of Science and Technology, Chattogram, Bangladesh. The random sampling method was used for selecting the respondent. The University students who are in the age group of 18 to 24 have been selected for surveying. It is a cross-sectional study conducted among 200 students in which 65% are male and 35% are female participants. The data have been organized into four sections: clothing selection, understanding cotton, fiber composition in apparel, and marketing influences. The participants were asked to rate their responses in terms of agreement or disagreement as follows: strongly agree – 5, agree – 4, neutral – 3, disagree – 2, and strongly disagree – 1. The data has been analyzed with the help of statistical tools like percentage analysis, Z test, and Chi-square analysis. Findings- At a 5% level of significance, it is seen that price (4.31) is the most important factor for the purchasing behavior of cotton cloths, followed by comfort (4.22) of the cotton fabric, type of fiber (4.10), manufacturers’ websites (3.89), manufacturers’ Facebook (3.84), fiber Awareness (3.71), Brand names (3.70), Prefer of cotton cloth(3.64), and Magazine advertisements (3.54) are important factors on consumers purchasing behavior but Television advertisements (3.36), Radio advertisements (3.32), Durability (3.31), Internet advertisements (3.20), Influences of friends wear (3.10), and Facebook and Twitter (2.83) are less important factors. Conclusion- This study has focused on the knowledge regarding cotton cloth, habits, and buying behavior among University students. It is observed that male and female consumers have no significant difference regarding fiber awareness, brand names, price, comfort, affordable, versatility, internet advertisement, magazine advertisement, Facebook and Twitter advertisement, and manufacturers' websites, etc. during purchasing of cotton cloth but there is a significant relationship between male and female consumers about the type of fiber, and friends wear. Keywords: Consumer preference, cotton clothing, buying behavior, chi-square test, university students, apparel Industry. JEL Codes: C10, C12, C13, C19
{"title":"Consumer s buying behavior on cotton clothing between the age group 18-24","authors":"Siddhartha Gupta, Mohammad Ali","doi":"10.17261/pressacademia.2023.1809","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1809","url":null,"abstract":"Purpose- The Garment industry plays a vital role in the Bangladeshi economy and contributes to its export earnings. The present study has focused on primary factors of buying behavior of undergraduate students between the age group of 18-24 during the purchase of their cotton apparel. Therefore, the purpose of this study is to undertake the cotton cloth buying behavior among university students and investigate the independent predictors for their preference for such cloth. Methodology- For identifying the independent factors, primary data was collected from 200 consumers through questionnaires across various departments of Chittagong University of Science and Technology, Chattogram, Bangladesh. The random sampling method was used for selecting the respondent. The University students who are in the age group of 18 to 24 have been selected for surveying. It is a cross-sectional study conducted among 200 students in which 65% are male and 35% are female participants. The data have been organized into four sections: clothing selection, understanding cotton, fiber composition in apparel, and marketing influences. The participants were asked to rate their responses in terms of agreement or disagreement as follows: strongly agree – 5, agree – 4, neutral – 3, disagree – 2, and strongly disagree – 1. The data has been analyzed with the help of statistical tools like percentage analysis, Z test, and Chi-square analysis. Findings- At a 5% level of significance, it is seen that price (4.31) is the most important factor for the purchasing behavior of cotton cloths, followed by comfort (4.22) of the cotton fabric, type of fiber (4.10), manufacturers’ websites (3.89), manufacturers’ Facebook (3.84), fiber Awareness (3.71), Brand names (3.70), Prefer of cotton cloth(3.64), and Magazine advertisements (3.54) are important factors on consumers purchasing behavior but Television advertisements (3.36), Radio advertisements (3.32), Durability (3.31), Internet advertisements (3.20), Influences of friends wear (3.10), and Facebook and Twitter (2.83) are less important factors. Conclusion- This study has focused on the knowledge regarding cotton cloth, habits, and buying behavior among University students. It is observed that male and female consumers have no significant difference regarding fiber awareness, brand names, price, comfort, affordable, versatility, internet advertisement, magazine advertisement, Facebook and Twitter advertisement, and manufacturers' websites, etc. during purchasing of cotton cloth but there is a significant relationship between male and female consumers about the type of fiber, and friends wear. Keywords: Consumer preference, cotton clothing, buying behavior, chi-square test, university students, apparel Industry. JEL Codes: C10, C12, C13, C19","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136342956","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}
Pub Date : 2023-09-30DOI: 10.17261/pressacademia.2023.1808
Dominic Nkolimwa
Purpose- This article is aimed at analyzing the influence of Employees’ Communication (EC) on the practices of occupational health and safety in small scale mining firms. Methodology- This study applied the explanatory research design whereby information from respondents was collected through quantitative method of the study which provided the statistical generalization of findings (Mashia et al., 2016). This research design was selected because it enables the researcher to have greater control over the accuracy of findings. Data were collected from three regions namely Shinyanga, Arusha and Geita. These regions were selected because they are the dominant regions dealing with mining activities in Tanzania. Findings-The findings revealed that employees’ communication programme has a positive influence on implementation of organization safety support at workplace. Therefore, if the management concentrates on enhancing the employees’ communication accidents, injury cases would be controlled. On the other hand, the results revealed that employees’ communication has positive influence for the implementation of proactive hazard control at workplace. Yeong and Shah ( 2016) any organization which values its human resources tends to maintain health and safety by preparing the health and safety proactive hazard control strategies so as to protect employees at workplace. Conclusion- This article concludes that employees’ communication programmes significantly influence the implementation of OSS and PHC at the workplace. Therefore, organizations can realize safety of employees if there are serious strategies on emphasizing the employees’ communication at workplaces. Keywords: Occupational health and safety, management practices, small scale, employees’ communication, mining firms JEL Codes: M31, E21, D11
目的-本文旨在分析员工沟通(EC)对小型矿业公司职业健康和安全实践的影响。方法:本研究采用解释性研究设计，通过定量研究方法收集受访者的信息，提供研究结果的统计概括(Mashia et al.， 2016)。之所以选择这种研究设计，是因为它使研究人员能够更好地控制研究结果的准确性。数据收集自三个地区，即新洋加、阿鲁沙和盖塔。选择这些区域是因为它们是坦桑尼亚采矿活动的主要区域。研究发现:员工的沟通计划对工作场所组织安全支持的实施有积极的影响。因此，如果管理层把重点放在提高员工的沟通事故上，伤害案件就会得到控制。另一方面，结果显示员工沟通对工作场所主动危害控制的实施有积极的影响。Yeong和Shah(2016)任何重视人力资源的组织都倾向于通过准备健康和安全的主动危害控制策略来维护健康和安全，从而保护工作场所的员工。结论-这篇文章的结论是，员工的沟通计划显著影响OSS和PHC在工作场所的实施。因此，如果组织有重视员工在工作场所沟通的认真策略，就可以实现员工的安全。关键词:职业健康安全，管理实践，小规模，员工沟通，矿业企业JEL代码:M31, E21, D11
{"title":"The influence of employees communication on the practices of occupational health and safety in small scale mining firms inTanzania","authors":"Dominic Nkolimwa","doi":"10.17261/pressacademia.2023.1808","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1808","url":null,"abstract":"Purpose- This article is aimed at analyzing the influence of Employees’ Communication (EC) on the practices of occupational health and safety in small scale mining firms. Methodology- This study applied the explanatory research design whereby information from respondents was collected through quantitative method of the study which provided the statistical generalization of findings (Mashia et al., 2016). This research design was selected because it enables the researcher to have greater control over the accuracy of findings. Data were collected from three regions namely Shinyanga, Arusha and Geita. These regions were selected because they are the dominant regions dealing with mining activities in Tanzania. Findings-The findings revealed that employees’ communication programme has a positive influence on implementation of organization safety support at workplace. Therefore, if the management concentrates on enhancing the employees’ communication accidents, injury cases would be controlled. On the other hand, the results revealed that employees’ communication has positive influence for the implementation of proactive hazard control at workplace. Yeong and Shah ( 2016) any organization which values its human resources tends to maintain health and safety by preparing the health and safety proactive hazard control strategies so as to protect employees at workplace. Conclusion- This article concludes that employees’ communication programmes significantly influence the implementation of OSS and PHC at the workplace. Therefore, organizations can realize safety of employees if there are serious strategies on emphasizing the employees’ communication at workplaces. Keywords: Occupational health and safety, management practices, small scale, employees’ communication, mining firms JEL Codes: M31, E21, D11","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"161 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136342963","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}
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