İİBF - Bildiri Koleksiyonu | Ekonomi (İktisat) Bölümü / Department of Economics
Bu koleksiyon için kalıcı URI
Güncel Gönderiler
Öğe Öğe The free software movement and Thorstein Veblen’s theory of capital(2011-05) Koloğlugil, Serhat[No abstract available]Öğe Venture capital markets: A cross country analysis(Elsevier Science BV, 2016) Teker, Dilek; Teker, Suat; Teraman, ÖzgürVenture capital (VC) may be defined as a support to entrepreneurial talents and appetite by turning ideas and basic science into products and services which are expected to envy the world. Venture capital funds are able to build companies from the simplest form to mature organizations. Venture capital investors generally actively engage with management of the company by typically taking place on the board. Through the due diligence process the venture capital firms concentrate on the founders, the management team, the concept, the marketplace, the revenue model, the value-added potential of the firm, the amount of capital needed to heal the business and whether all these fit to the fund's objectives. Over the next three to eight years, the venture firm works with the founding entrepreneur/s to grow the company. Once a company funded by venture capital matures and becomes successful, venture funds generally exit by taking it public through an initial public offering (IPO) or by selling it to big companies. This allows the venture funds to be free from the previous investment and invest in the next generation of companies. United States, Europe, Israel, Canada, China and India have the most developed markets for venture capital environment. The size of the venture capital market is nowadays about $50 billion and the United States has the most funds for venture capital of $33.1 billion in 2013. Venture capital firms may invest in promising firms in stages of seed, first round, second round or later. The median investment amounts in the United States in 2013 are $0.5 million for seed, $2.5 million for first round, $5.7 million for second round and $10 for later stage. The most attractive sector for venture capital is information technology for the United States, Israel and Canada, invested over $10 billion in 2013, while the most attractive sector is consumer products for Europe, China and India, invested over $4.8 billion in 2013.Öğe G20: On Behalf of the Rest?(Elsevier Science BV, 2016) Teker, Suat; Yüksel, Ahmet HakanMajor developments in the last three decades have set the scene for the rise of novel problems on global scale. The unprecedented level of interdependence and interconnectedness between countries, firms and institutions has paved the way for the emergence of, both, novel practices that increase the quality of life and intriguingly complicated issues of global governance. The relationship between global actors are so intertwined that striving for predictability is barely feasible. In spite of the enhanced capabilities gained through involvement in the economic and financial value creation process, there are perils ahead for better global governance. Major issues pose global actors in terms of credibility, building and ensuring sustainability, erosion of capacity to fulfill promises and increasing fragility of financial markets as well as issues regarding depleting energy resources, environment and security. G-20 emerged as a remedial governance structure in the wake of the 2008 financial turmoil making sure that the prominent dynamic emerging countries are seated around the table. The expansion of G-8 into G-20 including the new global powerhouses has many positive implications. However, ongoing debates regarding this structure oscillate between hope and contestation. This conceptual paper intends to draw a general framework regarding the representative capability of G20 members and discuss the hybrid quality of this so called steering committee given the era of turbulence that the world is heading towards.Öğe Venture capital and business angels: Turkish case(Elsevier Science BV, 2016) Teker, Suat; Teker, DilekVenture capital (VC) may be defined as a support to entrepreneurial talents and appetite by turning ideas and basic science into products and services which are expected to envy the world. Although venture capitalists and business angels supply external funding for risky investments, the aspects of venture capitalists and business angels are different approaching the investment candidates. Business angels in the last decade have become undispansible players providing external capital for risky start-ups and contributing technological advancements and economic growth. Business angels could be either private wealth individuals or institutional venture capitalists. Private angels invest their own money that's why their invested capacity are limited while venture capitalists invest others'money with an extensive source. This research examines the the way of doing business for venture capitalists and business angels. Furthermore, venture capital market and business angels are reviewed for the Turkish case.Öğe Financial performance of top 20 airlines(Elsevier Science BV, 2016) Teker, Suat; Teker, Dilek; Güner, AyşegülThis empricial research article intends to analyse the financial performance of the top 20 airlines in the Word for the period of year 2011 and 2014. In order to measure the financial performance of the airlines on a uniqie base, an hormonic index is propesed by considering performance areas of profitability, operating, efficiency and liquidity. Next, each performance area is defined by using a various of performance ratios. Finally, all airlines companies examined are listed by their harmonic index scores. The total assets of the 20 biggest airlines are amounted over $457 billion in 2014 and Delta Airlines with an assest size of $54 billion is the biggest ailines. On the other hand, the highest revenue generated by Luftansa in 2011, 2012 and 2013 over $40 billion per year The empricial results show that the worst scores of harmonic index refer American Airlines in 2011, Soutwest in 2012, China Eastern Airlines in 2013 and Quantas Airways in 2014, while the best scores of harmonic index point Delta in 2011, Hainan Airlines in 2012 and EasyJet in 2013 and 2014. This analysis supports that the measurement of financial performance based upon total revenuue or profitability is somehow weak and may be extented by including other indicators.Öğe A Network representation of households by health exclusion, poverty, and unemployment(Elsevier Science BV, 2011) Rende, Sevinç; Rende, Deniz; Baysal, NihatSocial exclusion, emphasized in the European Social Agenda, presents an interesting case study on the discussion of universal vs. means-tested social policies. To understand the conditions under which universal policies may have an advantage over means-tested policies, we propose a method of network representation in which partitions are detected by background characteristics of the households. Using non-relational household level data from three countries, we map the association between exclusion from health care, unemployment and poverty. Our results show that households are less likely to form homogeneous partitioning by poverty and health care exclusion profiles, compared to the partitioning formed by poverty and unemployment characteristics. The results suggest that in cases where identifying beneficiaries is difficult, illustrated by heterogeneous partitioning, universal coverage offers an advantage over means-tested social policies.Öğe Gender and household education expenditure in Turkey(Eurasian Business & Economics Soc., 2013) Susanlı, Zehra BilgenThis paper investigates how the share of education expenditure in the household budget varies across Turkish households with different gender-age composition of children. Using household level data from Household Budget Surveys over the period 2004 - 2008, I find no evidence for a pro-male bias. Results suggest that a pro-female bias at the secondary school level emerged in 2006 which is in line with declining gender gaps in enrolment at the secondary school level. Findings in both urban and rural areas suggest that Turkish households do not favor boys in the allocation of education expenditures. To the contrary, in 2006 girls of secondary school age group receive more educational resources than boys of the same age group. This may be explained by the effect of both education and textbook assistance campaigns. Further research is needed to make other labor market oriented explanations.Öğe How globalized is the Turkish economy?(Int organization center acad research, 2014-02-03) Şen Taşbaşı, AslıThis paper aims at analyzing the economic dimension of the pace of globalization for Turkey by using the KOF Index of Globalization between the years 2005 and 2012. Indices and variables to be taken into consideration are classified into two sub-categories as data on actual flows and data on restrictions. Data on actual flows include foreign trade, foreign direct investment, stocks, portfolio investment, and income payments to foreign nationals. Hidden import barriers, mean tariff rate, taxes on international trade and capital account restrictions are the variables which will be assessed while evaluating the economic restrictions. The paper is finally going to compare and discuss alternative globalization measures.
