Pub Date : 2023-09-01DOI: 10.17261/pressacademia.2023.1768
Gaye Ferah, Selay Ilgaz Sumer
Purpose- The aim of this study is to summarize the findings obtained from research on social media and finance, to analyze various perspectives, and to make some contributions to the researchers and shed light on future studies. Methodology- In the study, articles examining the relationship between social media and finance were examined in the national database, DergiPark. In this context, the study will provide information on the usage of social media, customer relationship management, marketing strategies of financial companies and contribute to a better understanding of the role of social media in the financial world. In the study, a literature review of the last five years is included. For this purpose, article was searched in DergiPark using the expression "social media and finance". Then, the selected studies were examined within the framework of titles such as content, keywords, method, findings, and suggestions. The study is important in terms of presenting information about the importance and effects of social media in the financial world and informing the parties about the studies. The literature review clearly reveals the impact of social media on the financial world for the last five years. Findings- Studies show that social media enables news to spread faster in financial markets, facilitates investors' access to information and is effective on investment decisions. In addition, it has been determined that social media platforms are important in marketing and customer relationship management for financial companies. On the other hand, analyses show that social media brings some difficulties in the financial world. Information pollution and false news raise the issue of reliability of social media. Therefore, more attention and precautions are needed to understand and manage the rising role of social media in the financial world. In the literature review, it is seen that social media has an increasing effect in the financial world and this effect is expected to grow even more. In this context, it is important that financial institutions use social media strategically and take precautions against reliability and accuracy problems. At the same time, social media should be used consciously for individuals and investors who are interested in financial issues. Conclusion- Social media platforms facilitate access to financial information, increase communication between investors and influence financial decisions. In addition to all this, some challenges arise regarding the rising role of social media in the financial world. Problems such as misinformation, misdirection and manipulation attempts raise concerns about reliability and accuracy. Therefore, appropriate measures should be taken, and social media should be used carefully to manage the impact of social media in the financial world. Keywords: Social media, customer satisfaction, finance, financial performance, banking JEL Codes: M40, M41
目的-本研究的目的是总结社交媒体和金融研究的发现，分析各种观点，并为研究人员做出一些贡献，并为未来的研究提供启示。研究方法:在研究中，研究社交媒体与金融之间关系的文章在国家数据库DergiPark中进行了检查。在此背景下，该研究将提供有关社交媒体使用、客户关系管理、金融公司营销策略的信息，并有助于更好地理解社交媒体在金融世界中的作用。在这项研究中，包括了近五年的文献综述。为此，我在DergiPark搜索了一篇文章，搜索词是“social media and finance”。然后，在内容、关键词、方法、发现和建议等标题框架内对所选研究进行检查。这项研究在展示社交媒体在金融领域的重要性和影响方面很重要，并告知各方有关研究的信息。文献综述清楚地揭示了过去五年社交媒体对金融世界的影响。研究结果-研究表明，社交媒体使新闻在金融市场上传播得更快，方便投资者获取信息，对投资决策有效。此外，已经确定社交媒体平台在金融公司的营销和客户关系管理中很重要。另一方面，分析表明，社交媒体给金融界带来了一些困难。信息污染和虚假新闻引发了社交媒体可靠性的问题。因此，需要更多的关注和预防措施来理解和管理社交媒体在金融世界中不断上升的作用。在文献综述中可以看到，社交媒体在金融领域的影响越来越大，而且这种影响有望进一步增强。在这种情况下，金融机构战略性地使用社交媒体并采取预防措施防止可靠性和准确性问题非常重要。同时，对金融问题感兴趣的个人和投资者应该有意识地使用社交媒体。结论-社交媒体平台促进了金融信息的获取，增加了投资者之间的沟通，影响了财务决策。除此之外，社交媒体在金融世界中日益重要的作用也带来了一些挑战。诸如错误信息、误导和操纵企图等问题引起了人们对可靠性和准确性的担忧。因此，应该采取适当的措施，谨慎使用社交媒体，管理社交媒体在金融领域的影响。关键词:社交媒体，客户满意度，财务，财务绩效，银行JEL代码:M40, M41
{"title":"A LITERATURE REVIEW ON SOCIAL MEDIA IN FINANCE","authors":"Gaye Ferah, Selay Ilgaz Sumer","doi":"10.17261/pressacademia.2023.1768","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1768","url":null,"abstract":"Purpose- The aim of this study is to summarize the findings obtained from research on social media and finance, to analyze various perspectives, and to make some contributions to the researchers and shed light on future studies. Methodology- In the study, articles examining the relationship between social media and finance were examined in the national database, DergiPark. In this context, the study will provide information on the usage of social media, customer relationship management, marketing strategies of financial companies and contribute to a better understanding of the role of social media in the financial world. In the study, a literature review of the last five years is included. For this purpose, article was searched in DergiPark using the expression \"social media and finance\". Then, the selected studies were examined within the framework of titles such as content, keywords, method, findings, and suggestions. The study is important in terms of presenting information about the importance and effects of social media in the financial world and informing the parties about the studies. The literature review clearly reveals the impact of social media on the financial world for the last five years. Findings- Studies show that social media enables news to spread faster in financial markets, facilitates investors' access to information and is effective on investment decisions. In addition, it has been determined that social media platforms are important in marketing and customer relationship management for financial companies. On the other hand, analyses show that social media brings some difficulties in the financial world. Information pollution and false news raise the issue of reliability of social media. Therefore, more attention and precautions are needed to understand and manage the rising role of social media in the financial world. In the literature review, it is seen that social media has an increasing effect in the financial world and this effect is expected to grow even more. In this context, it is important that financial institutions use social media strategically and take precautions against reliability and accuracy problems. At the same time, social media should be used consciously for individuals and investors who are interested in financial issues. Conclusion- Social media platforms facilitate access to financial information, increase communication between investors and influence financial decisions. In addition to all this, some challenges arise regarding the rising role of social media in the financial world. Problems such as misinformation, misdirection and manipulation attempts raise concerns about reliability and accuracy. Therefore, appropriate measures should be taken, and social media should be used carefully to manage the impact of social media in the financial world. Keywords: Social media, customer satisfaction, finance, financial performance, banking JEL Codes: M40, M41","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135249118","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 : 2023-09-01DOI: 10.17261/pressacademia.2023.1792
Sezen Uludag
Purpose- With the increase and change in the information requirements of information users, ESG reporting has become a very important component of corporate reporting. The increasing interest in ESG fields requires effective process management and the preparation of high-quality reports in these areas. In this context, providing assurance in ESG reporting and establishing effective internal controls in ESG-related processes have become important issues. There are a limited number of studies in the literature on the relationship between ESG fields and internal control. Following the contributions of these important studies to the literature, the Committee of Sponsoring Organisations of the Treadway Commission (COSO) issued a guidance in March 2023 entitled "Achieving Effective Internal Control over Sustainability Reporting (ICSR): Building Trust and Confidence with the COSO Internal Control Integrated Framework" in March 2023. As is known, the COSO Internal Control Integrated Framework (ICIF-2013) is the globally recognized internal control framework. The guideline, which is prepared on the basis of this framework, contains guiding information for the establishment of an effective internal control structure in ESG fields on the way to the formation of sustainable businesses. The aim of this study is to emphasise the importance of internal control in ESG-related processes and to contribute to the development of the literature by explaining the perspective created by the ICSR guidance and examining the existing literature. Methodology- The study employs a literature review to analyse the ICSR guidance on establishing an effective internal control structure over ESG-related processes and academic studies on this subject and to emphasise the importance of the subject. Conceptual discussions and developments are important in increasing the effectiveness of internal control over ESG-related processes. Therefore, this study analyses the conceptual framework of effective internal control over ESG-related processes. Findings- ICSR guidance published by COSO explains the establishment of internal control structure in ESG-related processes with an integrated perspective. Guidance also includes illustrative cases that can guide practitioners, while also addressing the roles in governance processes. There are a limited number of studies on this subject in the academic literature. Conclusion- With the findings obtained from the study, the importance of an effective internal control structure in ESG-related processes is emphasized. It is thought that the new ICSR guideline will create significant values in the formation and adoption of an integrated understanding on this issue. As it is known, an effective internal control structure is expected to provide reasonable assurance in the realization of the objectives of businesses and organizations in relation to all processes related to operations, compliance, and reporting. In order to achieve the desired objective
{"title":"ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) RELATED PROCESSES AND INTERNAL CONTROL","authors":"Sezen Uludag","doi":"10.17261/pressacademia.2023.1792","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1792","url":null,"abstract":"Purpose- With the increase and change in the information requirements of information users, ESG reporting has become a very important component of corporate reporting. The increasing interest in ESG fields requires effective process management and the preparation of high-quality reports in these areas. In this context, providing assurance in ESG reporting and establishing effective internal controls in ESG-related processes have become important issues. There are a limited number of studies in the literature on the relationship between ESG fields and internal control. Following the contributions of these important studies to the literature, the Committee of Sponsoring Organisations of the Treadway Commission (COSO) issued a guidance in March 2023 entitled \"Achieving Effective Internal Control over Sustainability Reporting (ICSR): Building Trust and Confidence with the COSO Internal Control Integrated Framework\" in March 2023. As is known, the COSO Internal Control Integrated Framework (ICIF-2013) is the globally recognized internal control framework. The guideline, which is prepared on the basis of this framework, contains guiding information for the establishment of an effective internal control structure in ESG fields on the way to the formation of sustainable businesses. The aim of this study is to emphasise the importance of internal control in ESG-related processes and to contribute to the development of the literature by explaining the perspective created by the ICSR guidance and examining the existing literature. Methodology- The study employs a literature review to analyse the ICSR guidance on establishing an effective internal control structure over ESG-related processes and academic studies on this subject and to emphasise the importance of the subject. Conceptual discussions and developments are important in increasing the effectiveness of internal control over ESG-related processes. Therefore, this study analyses the conceptual framework of effective internal control over ESG-related processes. Findings- ICSR guidance published by COSO explains the establishment of internal control structure in ESG-related processes with an integrated perspective. Guidance also includes illustrative cases that can guide practitioners, while also addressing the roles in governance processes. There are a limited number of studies on this subject in the academic literature. Conclusion- With the findings obtained from the study, the importance of an effective internal control structure in ESG-related processes is emphasized. It is thought that the new ICSR guideline will create significant values in the formation and adoption of an integrated understanding on this issue. As it is known, an effective internal control structure is expected to provide reasonable assurance in the realization of the objectives of businesses and organizations in relation to all processes related to operations, compliance, and reporting. In order to achieve the desired objective","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"193 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135248294","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 : 2023-09-01DOI: 10.17261/pressacademia.2023.1802
Yasser Abdullah Mohsen Alyadumi, Pinar Falcioglu
Purpose- With the advent of COVID-19 the world has faced a situation that has changed the course of education towards technology-based alternative solutions. High education institutions in Turkey rushed from the first moments to avoid the disruption of education process, and transformed into the online learning system. Current study aims to investigate the satisfaction level of high education students in İstanbul Turkey during COVID-19. Methodology- An online survey has been filled out by more than two hundred students. Findings- The results show that most of the variables related with the usage and usefulness of online system have statistically significant effects on students’ perceptions concerning satisfaction. It can be reported that the transformation during COVID-19 is satisfactory for all levels of higher education students. Conclusion- The study also tries to differentiate between the perceptions of undergraduate and postgraduate students and it has been found that post graduates are more satisfied in overall terms. Moreover, most demographic dimensions also have different influences on the undergraduate and postgraduate students’ perceptions. The results of the study lead to recommendations and suggestions related with future implementation of online education system useful for both educators and implementers. Keywords: Online education, Covıd-19, satisfaction, higher education. JEL Codes: M40, M41
{"title":"SATISFACTION OF HIGHER EDUCATION STUDENTS WITH ONLINE LEARNING DURING COVID-19","authors":"Yasser Abdullah Mohsen Alyadumi, Pinar Falcioglu","doi":"10.17261/pressacademia.2023.1802","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1802","url":null,"abstract":"Purpose- With the advent of COVID-19 the world has faced a situation that has changed the course of education towards technology-based alternative solutions. High education institutions in Turkey rushed from the first moments to avoid the disruption of education process, and transformed into the online learning system. Current study aims to investigate the satisfaction level of high education students in İstanbul Turkey during COVID-19. Methodology- An online survey has been filled out by more than two hundred students. Findings- The results show that most of the variables related with the usage and usefulness of online system have statistically significant effects on students’ perceptions concerning satisfaction. It can be reported that the transformation during COVID-19 is satisfactory for all levels of higher education students. Conclusion- The study also tries to differentiate between the perceptions of undergraduate and postgraduate students and it has been found that post graduates are more satisfied in overall terms. Moreover, most demographic dimensions also have different influences on the undergraduate and postgraduate students’ perceptions. The results of the study lead to recommendations and suggestions related with future implementation of online education system useful for both educators and implementers. Keywords: Online education, Covıd-19, satisfaction, higher education. JEL Codes: M40, M41","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135255615","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 : 2023-09-01DOI: 10.17261/pressacademia.2023.1775
Schiop Roxana Daliana, Mircea Mihaiela Joly
Purpose- The purpose of this research lies in the general objectives of the companies that determine the creation of added value. The efficiency in the use of the resources of the economic entity generates results. These can be analyzed and diagnosed in order to have an overview of the economic and financial state of the company. This scientific research aims to present the objective realities, the mechanism of formation and manifestation of economic and financial phenomena and processes, as well as the causal links between them in the case of ten multinational companies in the oil and banking sector. In the banking system, credibility is the essential element, the foundation of the relationship between the client and the bank when analyzing the granting of a loan. Gaining trust is achieved through a process of documentation and analysis of the client, which aims to evaluate as clearly as possible the patrimonial and financial situation, to recognize the quality of the services provided, the relationships with partners, the professionalism of the managers of companies. Methodology- This research was carried out having as documents the reports and information published by companies on their own web pages, as well as the annual reports published by each company on the Bucharest Stock Exchange website. 10 companies in the oil and banking field were selected, and the analysis period was between 2019-2022. The research methodology was both quantitative and qualitative. Findings- The results of the research highlighted the economic indicators used in the diagnostic analysis of multinational companies and how these entities evolved during the analyzed period. Conclusion- The importance of the diagnosed elements on a hierarchical scale may be different depending on the priority informational needs of the one who makes the diagnostic analysis. When this is done by a financial institution that makes an analysis of the creditworthiness of the client, in order to approve a credit, a solvency and liquidity diagnosis, the degree of indebtedness or cash flows, In the first place, the manager will pay attention to the efficiency of the use of the resources employed in the company’s economic circuit and to the results of the activity. An investor who wants to invest in a company will be particularly interested in the performance of the entity on the stock exchange and the profitability of the invested capital Value is the major criterion for assessing the company’s performance by shareholders. Classical performance indicators have the disadvantage of providing information about the company’s past performance, Without taking into account the cost of the invested capital, highlighting only the result of its use. If the one who makes the diagnosis is limited to studying only the classical indicators, he will be able to conclude that the entity achieves performance, but the results of the analysis will not present the actual reality because it does not create value a
{"title":"ECONOMIC INDICATORS USED IN THE DIAGNOSTIC ANALYSIS OF MULTINATIONAL COMPANIES: CASE STUDY FOR COMPANIES IN THE OIL AND BANKING FIELD","authors":"Schiop Roxana Daliana, Mircea Mihaiela Joly","doi":"10.17261/pressacademia.2023.1775","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1775","url":null,"abstract":"Purpose- The purpose of this research lies in the general objectives of the companies that determine the creation of added value. The efficiency in the use of the resources of the economic entity generates results. These can be analyzed and diagnosed in order to have an overview of the economic and financial state of the company. This scientific research aims to present the objective realities, the mechanism of formation and manifestation of economic and financial phenomena and processes, as well as the causal links between them in the case of ten multinational companies in the oil and banking sector. In the banking system, credibility is the essential element, the foundation of the relationship between the client and the bank when analyzing the granting of a loan. Gaining trust is achieved through a process of documentation and analysis of the client, which aims to evaluate as clearly as possible the patrimonial and financial situation, to recognize the quality of the services provided, the relationships with partners, the professionalism of the managers of companies. Methodology- This research was carried out having as documents the reports and information published by companies on their own web pages, as well as the annual reports published by each company on the Bucharest Stock Exchange website. 10 companies in the oil and banking field were selected, and the analysis period was between 2019-2022. The research methodology was both quantitative and qualitative. Findings- The results of the research highlighted the economic indicators used in the diagnostic analysis of multinational companies and how these entities evolved during the analyzed period. Conclusion- The importance of the diagnosed elements on a hierarchical scale may be different depending on the priority informational needs of the one who makes the diagnostic analysis. When this is done by a financial institution that makes an analysis of the creditworthiness of the client, in order to approve a credit, a solvency and liquidity diagnosis, the degree of indebtedness or cash flows, In the first place, the manager will pay attention to the efficiency of the use of the resources employed in the company’s economic circuit and to the results of the activity. An investor who wants to invest in a company will be particularly interested in the performance of the entity on the stock exchange and the profitability of the invested capital Value is the major criterion for assessing the company’s performance by shareholders. Classical performance indicators have the disadvantage of providing information about the company’s past performance, Without taking into account the cost of the invested capital, highlighting only the result of its use. If the one who makes the diagnosis is limited to studying only the classical indicators, he will be able to conclude that the entity achieves performance, but the results of the analysis will not present the actual reality because it does not create value a","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"97 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135249114","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 : 2023-09-01DOI: 10.17261/pressacademia.2023.1770
Hasan Kargin, Selcuk Alp
Purpose- This study aims to examine the impact of working capital management on firm performance using panel data analysis and BIST 100 company data. Methodology- The dependent variable is return on assets (ROA), while the independent variables are the cash conversion cycle (CCC) and firm size. By analyzing a comprehensive dataset, which includes financial information of companies listed on the BIST 100, this research investigates how efficiently firms manage their working capital and the subsequent effect on their performance. Findings- The panel data analysis allows for a robust examination of the relationship, considering both time-series and cross-sectional variations in the data. Conclusion- The findings of this study have significant implications for practitioners and policymakers as they shed light on the importance of working capital management in enhancing firm performance. Moreover, by examining the impact of CCC and firm size, the study provides valuable insights into the specific factors that contribute to the relationship between working capital management and firm performance in the context of the BIST 100 companies. Keywords: working capital management, firm performance, BIST 100, panel data analysis JEL Codes: M41, M42
{"title":"EFFECT OF WORKING CAPITAL MANAGEMENT ON FIRM PERFORMANCE","authors":"Hasan Kargin, Selcuk Alp","doi":"10.17261/pressacademia.2023.1770","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1770","url":null,"abstract":"Purpose- This study aims to examine the impact of working capital management on firm performance using panel data analysis and BIST 100 company data. Methodology- The dependent variable is return on assets (ROA), while the independent variables are the cash conversion cycle (CCC) and firm size. By analyzing a comprehensive dataset, which includes financial information of companies listed on the BIST 100, this research investigates how efficiently firms manage their working capital and the subsequent effect on their performance. Findings- The panel data analysis allows for a robust examination of the relationship, considering both time-series and cross-sectional variations in the data. Conclusion- The findings of this study have significant implications for practitioners and policymakers as they shed light on the importance of working capital management in enhancing firm performance. Moreover, by examining the impact of CCC and firm size, the study provides valuable insights into the specific factors that contribute to the relationship between working capital management and firm performance in the context of the BIST 100 companies. Keywords: working capital management, firm performance, BIST 100, panel data analysis JEL Codes: M41, M42","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135249115","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 : 2023-09-01DOI: 10.17261/pressacademia.2023.1777
Sena Donmez, Asli Tuncay Celikel
Purpose- The business world is currently placing great emphasis on sustainability, investing substantial resources to integrate it into their operations. United Nation’s Sustainability Goal 5 of “Achieving Gender Equality and Empower All Women and Girls” is a critically important subject to discuss both for academics and practioners regarding today’s sustainability related concerns and debates. This exploratory case study aims to understand the current situation of gender equality and women empowerment in business and propose a roadmap with thematic areas for companies via achievement of Goal 5. Methodology- We aim to understand the perspectives of the the professionals in Turkey; first preliminary interviews and then face-to-face interviews were applied in manufacturing and logistics industries in Istanbul. The preliminary interview was held with two managers and afterwards, five experts in the field of sustainability and working on SDG 5 were interviewed. A total of ten open-ended questions were posed to representatives from five companies in the manufacturing and logistics sectors during face-to-face interviews. Findings- The literature review on Sustainable Development Goal 5 (SDG 5) revealed various themes related to gender equality and empowerment, including gender-neutral decision making, ensuring well-being of the individual, creating safe spaces, role of value chain for gender equality, environmental impact, ethical approach, awareness, and empowerment in correlation with empowerment and leadership. Based on the research findings, a roadmap with ten thematic areas was developed, including: 1. Breaking gender streotypes for gender-neutral career, 2. Promoting social sustainability through training opportunities, 3. Implementing gender-neutral recruitment practices, 4. Adopting gender-neutral policies in all decision making processes, 5. Establishing an egalitarian environment within the value chain and permissions, 6. Addressing global deficiencies in training to eliminate gender prejudices and promoting access to health and medicines, 7. Maintaining work-life balance, 8. Supporting advancement of employees with trainings, 9. Considering benefits of society on environmental impacts and 10. Raising public awareness by ensuring ethics. Conclusion- Social, economic, and environmental factors play a very distinctive role in the development of SDG 5 target in leadership. Companies in Turkey are encouraged to prioritize gender equality and women empowerment programs, as their policies will contribute to broader efforts within the country. By actively working towards these goals, businesses can foster a more inclusive and sustainable future for all. Keywords: Gender equality, leadership, sustainability , SDG5 target, workplaces JEL Codes: M14, Q01, J16
{"title":"GENDER EQUALITY AND EMPOWERMENT FOR COMPANIES: AN EXPLORATORY CASE FROM TURKIYE TO ACHIEVE UNITED NATION S SUSTAINABILITY GOAL","authors":"Sena Donmez, Asli Tuncay Celikel","doi":"10.17261/pressacademia.2023.1777","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1777","url":null,"abstract":"Purpose- The business world is currently placing great emphasis on sustainability, investing substantial resources to integrate it into their operations. United Nation’s Sustainability Goal 5 of “Achieving Gender Equality and Empower All Women and Girls” is a critically important subject to discuss both for academics and practioners regarding today’s sustainability related concerns and debates. This exploratory case study aims to understand the current situation of gender equality and women empowerment in business and propose a roadmap with thematic areas for companies via achievement of Goal 5. Methodology- We aim to understand the perspectives of the the professionals in Turkey; first preliminary interviews and then face-to-face interviews were applied in manufacturing and logistics industries in Istanbul. The preliminary interview was held with two managers and afterwards, five experts in the field of sustainability and working on SDG 5 were interviewed. A total of ten open-ended questions were posed to representatives from five companies in the manufacturing and logistics sectors during face-to-face interviews. Findings- The literature review on Sustainable Development Goal 5 (SDG 5) revealed various themes related to gender equality and empowerment, including gender-neutral decision making, ensuring well-being of the individual, creating safe spaces, role of value chain for gender equality, environmental impact, ethical approach, awareness, and empowerment in correlation with empowerment and leadership. Based on the research findings, a roadmap with ten thematic areas was developed, including: 1. Breaking gender streotypes for gender-neutral career, 2. Promoting social sustainability through training opportunities, 3. Implementing gender-neutral recruitment practices, 4. Adopting gender-neutral policies in all decision making processes, 5. Establishing an egalitarian environment within the value chain and permissions, 6. Addressing global deficiencies in training to eliminate gender prejudices and promoting access to health and medicines, 7. Maintaining work-life balance, 8. Supporting advancement of employees with trainings, 9. Considering benefits of society on environmental impacts and 10. Raising public awareness by ensuring ethics. Conclusion- Social, economic, and environmental factors play a very distinctive role in the development of SDG 5 target in leadership. Companies in Turkey are encouraged to prioritize gender equality and women empowerment programs, as their policies will contribute to broader efforts within the country. By actively working towards these goals, businesses can foster a more inclusive and sustainable future for all. Keywords: Gender equality, leadership, sustainability , SDG5 target, workplaces JEL Codes: M14, Q01, J16","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135249108","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 : 2023-09-01DOI: 10.17261/pressacademia.2023.1757
Gokhan Ozer, Yavuz Selim Balcioglu, Abdullah Kursat Merter, Elcin Aykac Alp
Purpose- The goal of this research is to delve into the complexities of board structure and composition within firms. Specifically, it aims to examine how various factors such as firm performance and firm-based play a role in determining the most appropriate number of board members. Methodology- A neural network model is created to identify the ideal number of board members based on financial performance metrics. Financial performance indicators (return on assets, return on equity, profits per share, and market to book value ratio) and firm-based variables compose the model's input layer (company age, company size, total sales, and leverage). The output layer displays the ideal number of board members for each organization. The model's design has one or more hidden layers to represent the intricate interactions between the input variables and the desired output. Findings- As compared to the other factors, the significance of the return on assets variable as a predictor is much higher. At least one of the intervals is affected by each of the eight factors, and each of those eight variables has a statistically significant influence. Conclusion- Through a comprehensive analysis and review of existing literature, the study intends to shed light on the interplay between these factors and their impact on board effectiveness and decision-making. By exploring the relationship between firm-based factors and board composition, the research hopes to provide valuable insights and recommendations for firms looking to optimize their governance structure and improve their overall performance. Keywords: Board size, optimal number of board members , artificial neural network, return on assets. JEL Codes: M40, M41, C45
{"title":"DETERMINING THE OPTIMAL NUMBER OF BOARD MEMBERS: IMPLEMENTATION OF ARTIFICIAL NEURAL NETWORKS","authors":"Gokhan Ozer, Yavuz Selim Balcioglu, Abdullah Kursat Merter, Elcin Aykac Alp","doi":"10.17261/pressacademia.2023.1757","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1757","url":null,"abstract":"Purpose- The goal of this research is to delve into the complexities of board structure and composition within firms. Specifically, it aims to examine how various factors such as firm performance and firm-based play a role in determining the most appropriate number of board members.\u0000Methodology- A neural network model is created to identify the ideal number of board members based on financial performance metrics. Financial performance indicators (return on assets, return on equity, profits per share, and market to book value ratio) and firm-based variables compose the model's input layer (company age, company size, total sales, and leverage). The output layer displays the ideal number of board members for each organization. The model's design has one or more hidden layers to represent the intricate interactions between the input variables and the desired output.\u0000Findings- As compared to the other factors, the significance of the return on assets variable as a predictor is much higher. At least one of the intervals is affected by each of the eight factors, and each of those eight variables has a statistically significant influence.\u0000Conclusion- Through a comprehensive analysis and review of existing literature, the study intends to shed light on the interplay between these factors and their impact on board effectiveness and decision-making. By exploring the relationship between firm-based factors and board composition, the research hopes to provide valuable insights and recommendations for firms looking to optimize their governance structure and improve their overall performance.\u0000\u0000Keywords: Board size, optimal number of board members , artificial neural network, return on assets.\u0000JEL Codes: M40, M41, C45","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135250238","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 : 2023-09-01DOI: 10.17261/pressacademia.2023.1756
Salih Ceren Yildirim, Tulay Ozkan
Purpose- The purpose of this study is to reveal the effect of macro environmental factors on sales, marketing and export in the natural stone (marble) sector in Turkey. Methodology- The study employs questionnaire technique, one of the quantitative research methods, was used. The sector representatives participating in the 2023 Izmir Marble Fair were determined as the universe. The participants, who voluntarily exported 27 marbles, were reached by the convenience sampling method. Descriptive analysis was performed on the obtained data in SPSS program. Findings- The findings obtained from the research data are as follows, from the highest to the lowest, the reasons affecting sales, marketing and export in the marble sector in Turkey; The necessity of constantly monitoring the technological changes in the sector and the daily economic developments in the country, the negative impact of the inflation in the country on sales, the effect of worldwide epidemics, whether there is an alternative action plan predetermined for the crisis periods, The situation, the political stability in Turkey, the search for alternative energy sources due to the price increases in oil, the high labor costs in Turkey compared to many countries, the customs discounts of the relevant country, quotas, legal conveniences and obstacles are taken into account when determining the countries to export. . Other findings are as follows, from the most important to the lowest, the macro factors that threaten the marble companies in Turkey; increase in input costs, economic instability, increase in financing costs, decrease in demand, epidemics, political factors, removal of existing incentives, technological developments and intense competition. Conclusion- it may be concluded that it has been revealed that macro-environmental factors have an impact on the sales, marketing and export activities of companies operating in the marble sector in Turkey. Accordingly, it is recommended that companies create future scenarios by considering these factors in the planning of investment, production, sales, marketing and export activities. Keywords: Marble industry, 2023 Marble Izmir Fair, macro environmental faktors, export. JEL Codes: EO2, M31, F00
{"title":"THE EFFECT OF MACRO ENVIRONMENTAL ELEMENTS ON SALES, MARKETING AND EXPORT IN THE NATURAL STONE (MARBLE) SECTOR IN TURKIYE","authors":"Salih Ceren Yildirim, Tulay Ozkan","doi":"10.17261/pressacademia.2023.1756","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1756","url":null,"abstract":"Purpose- The purpose of this study is to reveal the effect of macro environmental factors on sales, marketing and export in the natural stone (marble) sector in Turkey. Methodology- The study employs questionnaire technique, one of the quantitative research methods, was used. The sector representatives participating in the 2023 Izmir Marble Fair were determined as the universe. The participants, who voluntarily exported 27 marbles, were reached by the convenience sampling method. Descriptive analysis was performed on the obtained data in SPSS program. Findings- The findings obtained from the research data are as follows, from the highest to the lowest, the reasons affecting sales, marketing and export in the marble sector in Turkey; The necessity of constantly monitoring the technological changes in the sector and the daily economic developments in the country, the negative impact of the inflation in the country on sales, the effect of worldwide epidemics, whether there is an alternative action plan predetermined for the crisis periods, The situation, the political stability in Turkey, the search for alternative energy sources due to the price increases in oil, the high labor costs in Turkey compared to many countries, the customs discounts of the relevant country, quotas, legal conveniences and obstacles are taken into account when determining the countries to export. . Other findings are as follows, from the most important to the lowest, the macro factors that threaten the marble companies in Turkey; increase in input costs, economic instability, increase in financing costs, decrease in demand, epidemics, political factors, removal of existing incentives, technological developments and intense competition. Conclusion- it may be concluded that it has been revealed that macro-environmental factors have an impact on the sales, marketing and export activities of companies operating in the marble sector in Turkey. Accordingly, it is recommended that companies create future scenarios by considering these factors in the planning of investment, production, sales, marketing and export activities. Keywords: Marble industry, 2023 Marble Izmir Fair, macro environmental faktors, export. JEL Codes: EO2, M31, F00","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135250239","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 : 2023-09-01DOI: 10.17261/pressacademia.2023.1793
Yavuz Selim Balcioglu, Melike Artar
Purpose- The purpose of this study is to provide a comprehensive analysis of the literature surrounding the Great Resignation(Tessema et al., 2022), a workforce phenomenon characterized by an unprecedented surge in voluntary job resignations (Hopkins & Figaro, 2021). By examining the various factors contributing to this mass exodus (Sheather & Slattery, 2021), as well as its implications for employees, employers, and the global economy (Natzel, 2021), this review seeks to offer valuable insights into the underlying causes and potential long-term consequences of this transformative event (Bartleby, 2021). Through a synthesis of existing research, the study aims to inform policy makers, human resource professionals, and organizational leaders on effective strategies to address the challenges posed by the Great Resignation, fostering a more resilient and adaptable workforce for the future. Methodology- Conduct a systematic search of academic databases (Jambo & Hongde, 2020), scholarly journals, and research publications focusing on the Great Resignation, workforce trends, employee motivation (O’Brien et al., 2022), and related topics. Sources will be selected based on their relevance to the study's objectives, methodological rigor (Garavan et al., 2019), and impact on the field. Establish clear criteria for including and excluding studies in the review. Inclusion criteria may involve publication date, research design (Tobi & Kampen, 2018), sample size, and relevance to the topic. Exclusion criteria may include studies with weak methodology, lack of sufficient data, or research that does not directly address the Great Resignation. Extract relevant data from the selected literature, such as study objectives, population, sample size, key findings, limitations, and conclusions. This data will be used to build a comprehensive understanding of the current state of research on the Great Resignation. Findings- The literature reveals a multitude of factors contributing to the Great Resignation, including employee burnout, desire for work-life balance, increased importance of mental well-being, job dissatisfaction, and remote work opportunities. The Great Resignation presents several challenges for organizations, such as talent retention, skill shortages, increased recruitment costs, and the need to adapt workplace policies and practices to cater to evolving employee expectations. Conclusion- In conclusion, this comprehensive literature review on the Great Resignation has provided valuable insights into the multitude of factors driving this workforce phenomenon and the implications for employees (Schmid & Dowling, 2022), employers, and the global economy. Based on the diverse factors identified, including employee burnout, work-life balance, mental well-being, job dissatisfaction, and remote work opportunities, it is evident that the Great Resignation represents a complex and multifaceted challenge. Keywords: Great resignation, literature
{"title":"UNRAVELING THE GREAT RESIGNATION: A COMPREHENSIVE LITERATURE REVIEW ON THE WORKFORCE EXODUS PHENOMENON","authors":"Yavuz Selim Balcioglu, Melike Artar","doi":"10.17261/pressacademia.2023.1793","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1793","url":null,"abstract":"Purpose- The purpose of this study is to provide a comprehensive analysis of the literature surrounding the Great Resignation(Tessema et al., 2022), a workforce phenomenon characterized by an unprecedented surge in voluntary job resignations (Hopkins & Figaro, 2021). By examining the various factors contributing to this mass exodus (Sheather & Slattery, 2021), as well as its implications for employees, employers, and the global economy (Natzel, 2021), this review seeks to offer valuable insights into the underlying causes and potential long-term consequences of this transformative event (Bartleby, 2021). Through a synthesis of existing research, the study aims to inform policy makers, human resource professionals, and organizational leaders on effective strategies to address the challenges posed by the Great Resignation, fostering a more resilient and adaptable workforce for the future. Methodology- Conduct a systematic search of academic databases (Jambo & Hongde, 2020), scholarly journals, and research publications focusing on the Great Resignation, workforce trends, employee motivation (O’Brien et al., 2022), and related topics. Sources will be selected based on their relevance to the study's objectives, methodological rigor (Garavan et al., 2019), and impact on the field. Establish clear criteria for including and excluding studies in the review. Inclusion criteria may involve publication date, research design (Tobi & Kampen, 2018), sample size, and relevance to the topic. Exclusion criteria may include studies with weak methodology, lack of sufficient data, or research that does not directly address the Great Resignation. Extract relevant data from the selected literature, such as study objectives, population, sample size, key findings, limitations, and conclusions. This data will be used to build a comprehensive understanding of the current state of research on the Great Resignation. Findings- The literature reveals a multitude of factors contributing to the Great Resignation, including employee burnout, desire for work-life balance, increased importance of mental well-being, job dissatisfaction, and remote work opportunities. The Great Resignation presents several challenges for organizations, such as talent retention, skill shortages, increased recruitment costs, and the need to adapt workplace policies and practices to cater to evolving employee expectations. Conclusion- In conclusion, this comprehensive literature review on the Great Resignation has provided valuable insights into the multitude of factors driving this workforce phenomenon and the implications for employees (Schmid & Dowling, 2022), employers, and the global economy. Based on the diverse factors identified, including employee burnout, work-life balance, mental well-being, job dissatisfaction, and remote work opportunities, it is evident that the Great Resignation represents a complex and multifaceted challenge. Keywords: Great resignation, literature ","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135254304","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 : 2023-09-01DOI: 10.17261/pressacademia.2023.1790
A’inin Ni’mah, Dina Irfina, Aprilita Wijiasri, Muhammad Sultan Mubarok
Purpose- The objective of this research is to analyze the phenomenon of the increase in prices of basic commodities during Ramadan from the perspective of Islamic economic philosophy. This study aims to understand the factors influencing price hikes, their impact on society, and to find solutions in line with the principles of Islamic economics to address the issue. Methodology- This research utilizes a qualitative and descriptive approach. Data will be collected through literature review, document analysis, and interviews with Islamic economics experts. Data analysis will be conducted using deductive and inductive approaches, while referring to relevant Islamic economic principles. Findings- Based on this study, it was found that the increase in prices of basic commodities during Ramadan can be attributed to several factors. One of the main factors is the high demand due to increased consumption during the fasting month. Additionally, other factors such as price speculation, changes in consumer behavior, and supply disruptions can also contribute to price hikes. The impact of the price increases of basic commodities during Ramadan is strongly felt by the society, particularly those with low incomes. The price hikes can lead to economic difficulties, social instability, and increased economic disparity within the community. This contradicts the principles of Islamic economics that emphasize justice, sustainability, and concern for the welfare of society. Conclusion- Based on this research, it can be concluded that the increase in prices of basic commodities during Ramadan, from the perspective of Islamic economic philosophy, is a complex issue that requires solutions aligned with the principles of Islamic economics. Potential solutions include enhancing market transparency, reducing price speculation, promoting local production, encouraging active participation of the community, and strengthening mechanisms for fair economic redistribution. Implementing Islamic economic principles such as justice, sustainability, and social welfare can help address the issue of price hikes during Ramadan and create a more stable and sustainable economy. In this context, the role of the government, Islamic financial institutions, and society at large is crucial in working together to address this problem and ensure equitable economic well-being for all segments of society. Keywords: Increase in prices, basic commodities, Ramadan, Islamic economic philosophy, price hikes JEL Codes: D40, E31, P48
{"title":"INCREASE IN PRICES OF STAPLES IN THE MONTH OF RAMADAN IN THE PERSPECTIVE OF ISLAMIC ECONOMIC PHILOSOPHY","authors":"A’inin Ni’mah, Dina Irfina, Aprilita Wijiasri, Muhammad Sultan Mubarok","doi":"10.17261/pressacademia.2023.1790","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1790","url":null,"abstract":"Purpose- The objective of this research is to analyze the phenomenon of the increase in prices of basic commodities during Ramadan from the perspective of Islamic economic philosophy. This study aims to understand the factors influencing price hikes, their impact on society, and to find solutions in line with the principles of Islamic economics to address the issue. Methodology- This research utilizes a qualitative and descriptive approach. Data will be collected through literature review, document analysis, and interviews with Islamic economics experts. Data analysis will be conducted using deductive and inductive approaches, while referring to relevant Islamic economic principles. Findings- Based on this study, it was found that the increase in prices of basic commodities during Ramadan can be attributed to several factors. One of the main factors is the high demand due to increased consumption during the fasting month. Additionally, other factors such as price speculation, changes in consumer behavior, and supply disruptions can also contribute to price hikes. The impact of the price increases of basic commodities during Ramadan is strongly felt by the society, particularly those with low incomes. The price hikes can lead to economic difficulties, social instability, and increased economic disparity within the community. This contradicts the principles of Islamic economics that emphasize justice, sustainability, and concern for the welfare of society. Conclusion- Based on this research, it can be concluded that the increase in prices of basic commodities during Ramadan, from the perspective of Islamic economic philosophy, is a complex issue that requires solutions aligned with the principles of Islamic economics. Potential solutions include enhancing market transparency, reducing price speculation, promoting local production, encouraging active participation of the community, and strengthening mechanisms for fair economic redistribution. Implementing Islamic economic principles such as justice, sustainability, and social welfare can help address the issue of price hikes during Ramadan and create a more stable and sustainable economy. In this context, the role of the government, Islamic financial institutions, and society at large is crucial in working together to address this problem and ensure equitable economic well-being for all segments of society. Keywords: Increase in prices, basic commodities, Ramadan, Islamic economic philosophy, price hikes JEL Codes: D40, E31, P48","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135255334","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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