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  • Yayın
    Competency approach to human resources management: Outcomes and contributions in a Turkish cultural context
    (Sage Publications, 2006-03) Özçelik, Gaye; Ferman, Ali Murat
    This article examines the competency approach to human resources management (HRM) in organizations through a review of literature and theories on the competency perspective. Building on previous theory and some empirical evidence, a new competency framework is developed. The main purpose of the article is to examine the effectiveness of the competency approach as a human resources strategy for promoting expected roles, skills, and behaviors in organizations. The article also examines potential challenges to implementing a competency approach to HRM in a special cultural context. This is provided by a case study in a multinational, fast-moving, consumer goods company in Turkey. One of the findings of the study is that there are challenges to implementing the competency approach due to the cultural differences between home and host countries. If properly designed, however, the competency approach can enhance selection, development, promotion, and reward processes to meet both individual and organizational needs.
  • Yayın
    Calculation of control value and Turkish financial markets
    (Pressacademia, 2015-06-04) Eyüpgiller, Sait Saygın; İlseven, Nebil
    The question of Control Share Premium, more widely referred to as the "control premium" in the literature on corporate valuations is treated as a curious area of study by the academic and professional circles. This paper addresses the question of CSP primarily from a conceptual point of view. We point out, here, that, 1) corporate value drivers, summarized a "private benefits of control," that currently are evident and internal to the acquired businesses are the main determinant of the value of the CSP; 2) CSP is indeed relevant in Turkish financial markets; and, 3) The most meaningful approach to calculate control premiums in Turkish financial markets, as in other regions, would be to employ DCF methodology on the "set of private benefits" that are identified in the target company to be acquired based on its on corporate and sectoral merits. Another conclusion is that as CPS has a certain impact on the valuation of overall equity value of a firm, it has a significant impact on the position of minority shareholders with respect to the minority protection rights in the target company.