Papers by Ozge Korkmaz
The ability to reach a sustainable economic growth of countries initially depends on the usage of... more The ability to reach a sustainable economic growth of countries initially depends on the usage of energy resources efficiently. But an unequal distribution of energy resources in the world increases the dependency on energy in countries which have insufficient energy resources such as Turkey. Therefore, it has a great importance to analyze the share of imported energy resources for economic growth. The correlation between energy consumption and changes in gross domestic product, increases the importance of energy policies while determining the economical policies of countries. In this study, the causality relationship between energy consumption, energy generation and GDP in Turkey are examined using annual data for the period 1960-2009. Johansen cointegration test and Granger causality test is used for this study. Empirical results for the period under discussion there is a relationship between the variables based on long-term Johansen Cointegration test. Also it showed that bileter...
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Kadınların işgücüne katılımları, bir ülke için sürdürülebilir büyüme ve kalkınmayı sağlayan en ön... more Kadınların işgücüne katılımları, bir ülke için sürdürülebilir büyüme ve kalkınmayı sağlayan en önemli etkenlerden biridir. Kadınlar anne olmaları durumunda, hayat boyu edindikleri tecrübeleri gelecek nesillere yansıtabilme imkanına sahip olabilmektedirler. Dolayısı ile ücret karşılığı piyasa için çalışmayan bir kadına göre, ekonomik özgürlüğünü kazanan bir kadının toplumdaki yerinin, gelecekten beklentilerinin ve elde ettiği tecrübelerinin daha nitelikli olması beklenmektedir. Bu doğrultuda ülkelerin gelişmişlik düzeylerini etkileyen bir unsur olarak son zamanlarda kadının işgücüne katılma oranlarının dikkate alındığı gözlenmektedir.
Bu çalışmada Türkiye’de kadın istihdamının genel durumu, ana özellikleri teorik ve ampirik olarak incelenecektir. Çalışmada ilk olarak, kadınların iş gücüne katılma eğilimlerini etkileyen faktörler, Türkiye örneğinden hareketle ortaya konulmak istenmiştir. Ardından ise kadınların işgücüne katılımında bölgelere göre farklılık olup olmadığının belirlenmesi ve var ise bu bölgesel farklılıkların nedenlerinin tespit edilmesi amaçlanmıştır. Bu doğrultuda çalışmada Türkiye İstatistik Kurumu (TÜİK) tarafından 2014 yılı için yapılan Hanehalkı İşgücü Anketi’nden elde edilen veriler kullanılmıştır. Çalışmada kadınların işgücüne katılma durumları iki durumlu logit model aracılığıyla incelenmiştir
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The factors affecting debt levels of firms are related to the course of economy as well as the pr... more The factors affecting debt levels of firms are related to the course of economy as well as the profitability of companies. But it is quite difficult to make a prediction about the course of economy. In this study, it is aimed to reveal how profitability indicators of companies affect debt levels. The purpose of this study is to examine the relation between the debt and profitability ratios of the companies that operate on the BIST (Istanbul Stock Exchange Market) manufacturing industry by using Panel Regression Analysis. The data of the 86 companies within manufacturing industry on the BIST between the years 1994 and 2015 were used. Furthermore, the variables such as asset growth ratio, return on asset, current ratio, leverage ratio, cash rate, new borrowing rates, total financial liability/total liability ratio, return on equity, investment and earnings have been studied. It has been observed in the study that the active growth and the return on equity ratios affect the new borrowing variables positively while investment, current earnings per share ratios affect the new borrowing variables-negatively. In addition, it has been determined in the study that the return on investment, the return on assets and the current ratios affect the leverage ratio negatively while the active growth, the return on equity, the earnings and the cash ratios per share affect the leverage ratios positively. It has also seen that the active return on assets and the earnings per share ratios affect the total financial liabilities/total liability ratios negatively while the asset growth ratios affect the total financial liabilities/total liabilities ratios positively.
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The Global financial crisis that started in the United Stated and which affected the whole World ... more The Global financial crisis that started in the United Stated and which affected the whole World and especially Europe in a short time shows once again that financial crises occur as a result of bubbles in asset prices or a strong credit growth. Moreover, that bubbles in financial markets are defined as increases in asset prices. Central banks tend to control excess credit expansion and thus ensure stability in financial markets. The purpose of this study is to analyze the existence of a bubble in the Turkish credit market and the success of the monetary policy by the Central Bank of Turkey to prevent these bubbles in light of ongoing interest debates in Turkey. Monthly real estate loans have been considered for the 1986:01 to 2014:04 period in the credit sector. In this study, Sup Augmented Dickey Fuller and Generalized Sup Augmented Dickey Fuller tests have been used to identify and define bubbles. Thereafter, the factors affecting credit bubbles have been investigated via logit model. From the results of the study, it can be inferred that both the consumer price index and interest rates have negative effects on credit bubbles, while total credit to the nonfinancial private sector and current account balances have positive effects on credit bubbles.
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Determining of the effects of the concentration appearing in banking sector on financial fragilit... more Determining of the effects of the concentration appearing in banking sector on financial fragility is extremely importance. In the theory, this relationship discusses within the frame of “competition-stability” and “competition-fragility”. The aim of this study is to determine which variables financial fragility in banking sector affects, and to present short-run and long-run effects of these variables and the effect of concentration on financial fragility with reference to the example of Turkey over the period of 2007:01-2014:09. In this regard, it is taken advantage of Pearson correlation matrix, panel classical regression equations and Holtz-Eakin causality analysis. It is inferred from the causality analysis performed that there is two-way interaction between concentration and financial fragility in Turkish banking sector.
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Firmaların karlılık düzeylerini etkileyen faktörlerin saptanması ekonominin verimliliğinin ve etk... more Firmaların karlılık düzeylerini etkileyen faktörlerin saptanması ekonominin verimliliğinin ve etkinliğinin belirlenmesinde büyük önem taşımaktadır. Bu çalışma, firmaların karlılık düzeylerinin açıklanmasında, finansal göstergelerinin anlamlılığını ve finansal göstergeler ile karlılık değişkenleri arasındaki ilişkilerin ortaya konulmasını amaçlamaktadır. Analizde, İmalat Sanayi Endeksinde yer alan 78 adet firma kullanılmış ve 2000-2011 yılları arasındaki finansal oranlar yıllık olarak ele alınmıştır. Çalışmada, değişkenler arasındaki ilişkiyi ölçmek amacıyla panel regresyon modellerinden yararlanılmış ve 3 ayrı model elde edilmiştir. Modellerde, Hisse Başına Kazanç (HBK), Net Kar / Öz Sermaye (NK/OS) ve Net Kar / Toplam Aktif (NK/TA) bağımlı değişken, Net Satış / Toplam Aktif (NS/TA), Satılan Mamul Maliyet / Stoklar (SMM/STK), Net Satışlar / Ticari Alacaklar (NS/TİCA), Cari Oran (CO), Duran Varlık / Toplam Aktif (DV/TA), Maddi Duran Varlık / Uzun Vadeli Yabancı Kaynak (MDV/UVYK), Net...
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Üniversiteler kuruldukları bölgelerin ekonomisinde, sosyal ve kültürel yapısında etkilidir. Özell... more Üniversiteler kuruldukları bölgelerin ekonomisinde, sosyal ve kültürel yapısında etkilidir. Özellikle üniversite öğrencilerinin harcamaları il ekonomisine canlılık kazandırmaktadır. Dolayısıyla bu harcama gruplarının belirlenmesi oldukça önemlidir. Bu çalışmada, Bayburt Üniversitesi İktisadi ve İdari Bilimler Fakültesi öğrencilerine anket uygulanmıştır. Çalışmada İktisadi ve İdari Bilimler Fakültesi öğrencilerinin aylık ortalama 432,66TL harcama yaptıkları gözlenmiştir. Bu sonuçtan hareketle Bayburt Üniversitesi bünyesinde 2012-2013 eğitim-öğretim döneminde eğitim alan 4791 öğrencinin toplamda Bayburt ekonomisine bir yılda yaklaşık 16 582 992,48 TL katkı sağladığı söylenebilmektedir.
THE CONTRIBUTION OF UNIVERSITY STUDENTS’ EXPENSES TO CITY ECONOMY: THE CASE OF STUDENTS OF FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES, BAYBURT UNIVERSITY
Universities have different effects on region in which they are established in terms of economic, social and cultural. In particular, the spending of universities students contributes the economy of cities. It is, therefore, important in order to determine. In this research, the questionnaire has been used for students of the Faculty of Economics and Administrative, Bayburt University. It has been seen in this study that such students have spent 432,66 TL in average per month. Moving from this result it is claimed that 4791 students who study at Bayburt University between 2012 and 2013 contribute to the economy of Bayburt city approximately 16 582 992,48 TL.
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Bu çalışmada, firma performansını etkileyen faktörler incelenmek istenmiştir. Firma performansını... more Bu çalışmada, firma performansını etkileyen faktörler incelenmek istenmiştir. Firma performansının ölçülmesinde hisse senedinin yılsonu kapanış fiyatı ve hisse getiri oranı kullanılmıştır. Hisse senedinin yılsonu kapanış fiyatı ve hisse getiri oranı ile nakit kar payı dağıtım oranı, aktif karlılığı, fiyat/ kazanç oranı, hisse başına kar, net kar büyümesi, piyasa değeri / defter değeri, piyasa değeri ve özsermaye karlılığı değişkenleri arasındaki ilişki incelenmiştir. Çalışmada, İMKB 30 Endeksine dâhil olan 16 şirket 1998-2010 yılları için panel regresyon modeli ile incelenmiştir. Çalışmada iki model oluşturulmuş ve buna göre, Model 1’de hisse kapanış fiyatını, Temettü Ödeme Oranındaki (DPR) ve Hisse Başına Kardaki (EPS) değişimi artırırken, Aktif Karlılığındaki (ROA) değişimin azalttığı ve Piyasa Değeri Defter Değeri (M_B) ve Piyasa Değeri Artışı (MVI) ise Hisse Kapanış Fiyatını (CLS) etkilemediği sonucuna ulaşılmıştır. Model 2’de ise Hisse Getiri Oranını (RSR), Piyasa Değeri Artışı (MVI) ve Hisse Başına Kar (EPS) artırırken, Aktif Karlılığı (ROA) ise etkilemediği gözlenmiştir.
ABSTRACT
In this study, there has been intended to analyze the factors affecting the performance of firms. Year end closing price of stocks and rate of stock return were used to measure performance of the firm. There has been analyzed the relationships between the variables of year-end closing price of the stock, rate of stock return and cash dividend payout ratio, return on assets, price/ earnings ratio, earnings per share, net profit growth, market to book value ratio, market value and return on equity. In the study, there have been analyzed 16 companies included in ISE 30 Index for 1998-2010 years using the panel regression model. There were created two models in the research and according to this, whereas Closing Price of the Stock (CLS) was increased by the change in Dividend Payout Ratio (DPR) and Earnings Per Share (EPS) in Model 1, it increased the change in Return on Assets (ROA) and it did not affect the Market to Book value (M_B) and Market Value Increase (MVI) and Closing Price of Stock (CLS). In Model 2, there has been observed that whereas Market Value Increase (MVI) and Earnings Per Share (EPS) have increased the Rate of Stock Return (RSR), it has not affected Return on Assets (ROA).
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Firmaların karlılık düzeylerini etkileyen faktörlerin saptanması ekonominin verimliliğinin ve etk... more Firmaların karlılık düzeylerini etkileyen faktörlerin saptanması ekonominin verimliliğinin ve etkinliğinin belirlenmesinde büyük önem taşımaktadır. Bu çalışma, firmaların karlılık düzeylerinin açıklanmasında, finansal göstergelerinin anlamlılığını ve finansal göstergeler ile karlılık değişkenleri arasındaki ilişkilerin ortaya konulmasını amaçlamaktadır. Analizde, İmalat Sanayi Endeksinde yer alan 78 adet firma kullanılmış ve 2000-2011 yılları arasındaki finansal oranlar yıllık olarak ele alınmıştır. Çalışmada, değişkenler arasındaki ilişkiyi ölçmek amacıyla panel regresyon modellerinden yararlanılmış ve 3 ayrı model elde edilmiştir. Modellerde, Hisse Başına Kazanç (HBK), Net Kar / Öz Sermaye (NK/OS) ve Net Kar / Toplam Aktif (NK/TA) bağımlı değişken, Net Satış / Toplam Aktif (NS/TA), Satılan Mamul Maliyet / Stoklar (SMM/STK), Net Satışlar / Ticari Alacaklar (NS/TİCA), Cari Oran (CO), Duran Varlık / Toplam Aktif (DV/TA), Maddi Duran Varlık / Uzun Vadeli Yabancı Kaynak (MDV/UVYK), Net Satışlar / Dönen Varlıklar (NS/DV) ve Toplam Borç / Toplam Aktif (TB/TA) bağımsız değişken olarak kullanılmıştır. Sonuç olarak, analiz edilen her üç modeli TB/TA, DV/TA, MDV/UVYK değişkenleri istatistiki olarak açıklarken, Model 2 ve Model 3 için ise sadece NS/DV değişkenin istatistiki olarak açıkladığı gözlenmiştir.
ABSTRACT
Determination of the factors afecting the level of proitability of companies has a great importance in determinig of eiciency and efectiveness of economy. This study aims signiicance of the inancial indicators in explaining the level of proitability of irms and to put forward the relationship between inancial indicators and variables of proitability.
It has been used 78 irms in Istanbul Stock Exchange (ISE) Manufacturing Sector and were considered inancial ratios among 2000-2011 years in the analysis. In this study, it has been used panel regression analysis to measure the relationship between the variable sand were obtained 3 diferent models. In the models it has been used Earnings Per Share (HBK), Net Proit/Shareholder’s Equity (NK/OS), Net Proit/Total Assets (NK/TA) as dependent variables and Net Sales/Total Assets (NS/TA), Cost of Goods Sold / Inventory (SMM/STK), Net Sales / Accounts Receivable (NS/TİCA), Current Ratio (CO), Fixed Asset / Total Asset (DV/TA), Tangible Asset / Long Term Liabilities (MDV/UVYK), Net Sales / CurrentAsset (NS/DV) and Total Debt/ Total Asset (TB/TA) as independent variables.
As a result, while each 3 models analyzed explain statistically TB/TA, DV/TA, MDV/UVYK variables and NS/DV variable only explains statistically to Model 2 and Model 3.
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The Migration Conference by Ozge Korkmaz
The Migration Conference 2017 Proceedings, 2017
The phenomenon of migration, as old as human history, is one of the most interested subjects of c... more The phenomenon of migration, as old as human history, is one of the most interested subjects of countries in the 21st century, especially in the last 10 years. Undoubtedly, one of the important reasons for this is the fact that migration has significant influences on from economic to social life almost every subject in terms of both emigrating countries and receiving countries. The fact that economic factors and security problems are the main causes of migration movements also laid the groundwork for the work done in the field of economy to concentrate on this subject. At this point, there are also studies of the impact of receiving countries on labor market, although the impact of migrant movements on emigrating countries’ economy is largely a matter of focus. However, there is no consensus on the work done in this regard. As a matter of fact, some studies have found that immigrants have a negative effect on the labor market because they are willing to work at lower wages, while in some studies they have found that immigrants have a positive influence on the labor market by increasing labor supply in areas where the local labor does not want to work. At this point, Turkey has taken its place in studies in the literature as a country that both emigrating (especially from the early 1960s to the 1990s) and receiving country (especially in the last 10 years because of events happening in neighboring countries). Although the vast majorities are refugee status, a growing number of immigrants are involved in the labor market and this affects the position of the local labor force on the labor market. From this point of view, the effect of immigrants on the labor force participation rate of the local labor force has been examined by means of regression analysis, using immigrant data from 26 provinces in Turkey between 2011 and 2015. According to the study results; Migrants allowed to work in Turkey have a positive effect on the participation rate even if just a bit. From a gender perspective, it has been found that immigrants have positive effects on women's labor force participation rates. But, there has been no significant impact on the male labor force participation rate of migrants. In the study, there has been also found that the increase in the level of education of men has a positive effect on the labor force participation rate, while in women, it has been found to be a negative effect of the higher education graduation although the primary and high school graduation has a positive effect on the labor force participation rates.
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Papers by Ozge Korkmaz
Bu çalışmada Türkiye’de kadın istihdamının genel durumu, ana özellikleri teorik ve ampirik olarak incelenecektir. Çalışmada ilk olarak, kadınların iş gücüne katılma eğilimlerini etkileyen faktörler, Türkiye örneğinden hareketle ortaya konulmak istenmiştir. Ardından ise kadınların işgücüne katılımında bölgelere göre farklılık olup olmadığının belirlenmesi ve var ise bu bölgesel farklılıkların nedenlerinin tespit edilmesi amaçlanmıştır. Bu doğrultuda çalışmada Türkiye İstatistik Kurumu (TÜİK) tarafından 2014 yılı için yapılan Hanehalkı İşgücü Anketi’nden elde edilen veriler kullanılmıştır. Çalışmada kadınların işgücüne katılma durumları iki durumlu logit model aracılığıyla incelenmiştir
THE CONTRIBUTION OF UNIVERSITY STUDENTS’ EXPENSES TO CITY ECONOMY: THE CASE OF STUDENTS OF FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES, BAYBURT UNIVERSITY
Universities have different effects on region in which they are established in terms of economic, social and cultural. In particular, the spending of universities students contributes the economy of cities. It is, therefore, important in order to determine. In this research, the questionnaire has been used for students of the Faculty of Economics and Administrative, Bayburt University. It has been seen in this study that such students have spent 432,66 TL in average per month. Moving from this result it is claimed that 4791 students who study at Bayburt University between 2012 and 2013 contribute to the economy of Bayburt city approximately 16 582 992,48 TL.
ABSTRACT
In this study, there has been intended to analyze the factors affecting the performance of firms. Year end closing price of stocks and rate of stock return were used to measure performance of the firm. There has been analyzed the relationships between the variables of year-end closing price of the stock, rate of stock return and cash dividend payout ratio, return on assets, price/ earnings ratio, earnings per share, net profit growth, market to book value ratio, market value and return on equity. In the study, there have been analyzed 16 companies included in ISE 30 Index for 1998-2010 years using the panel regression model. There were created two models in the research and according to this, whereas Closing Price of the Stock (CLS) was increased by the change in Dividend Payout Ratio (DPR) and Earnings Per Share (EPS) in Model 1, it increased the change in Return on Assets (ROA) and it did not affect the Market to Book value (M_B) and Market Value Increase (MVI) and Closing Price of Stock (CLS). In Model 2, there has been observed that whereas Market Value Increase (MVI) and Earnings Per Share (EPS) have increased the Rate of Stock Return (RSR), it has not affected Return on Assets (ROA).
ABSTRACT
Determination of the factors afecting the level of proitability of companies has a great importance in determinig of eiciency and efectiveness of economy. This study aims signiicance of the inancial indicators in explaining the level of proitability of irms and to put forward the relationship between inancial indicators and variables of proitability.
It has been used 78 irms in Istanbul Stock Exchange (ISE) Manufacturing Sector and were considered inancial ratios among 2000-2011 years in the analysis. In this study, it has been used panel regression analysis to measure the relationship between the variable sand were obtained 3 diferent models. In the models it has been used Earnings Per Share (HBK), Net Proit/Shareholder’s Equity (NK/OS), Net Proit/Total Assets (NK/TA) as dependent variables and Net Sales/Total Assets (NS/TA), Cost of Goods Sold / Inventory (SMM/STK), Net Sales / Accounts Receivable (NS/TİCA), Current Ratio (CO), Fixed Asset / Total Asset (DV/TA), Tangible Asset / Long Term Liabilities (MDV/UVYK), Net Sales / CurrentAsset (NS/DV) and Total Debt/ Total Asset (TB/TA) as independent variables.
As a result, while each 3 models analyzed explain statistically TB/TA, DV/TA, MDV/UVYK variables and NS/DV variable only explains statistically to Model 2 and Model 3.
The Migration Conference by Ozge Korkmaz
Bu çalışmada Türkiye’de kadın istihdamının genel durumu, ana özellikleri teorik ve ampirik olarak incelenecektir. Çalışmada ilk olarak, kadınların iş gücüne katılma eğilimlerini etkileyen faktörler, Türkiye örneğinden hareketle ortaya konulmak istenmiştir. Ardından ise kadınların işgücüne katılımında bölgelere göre farklılık olup olmadığının belirlenmesi ve var ise bu bölgesel farklılıkların nedenlerinin tespit edilmesi amaçlanmıştır. Bu doğrultuda çalışmada Türkiye İstatistik Kurumu (TÜİK) tarafından 2014 yılı için yapılan Hanehalkı İşgücü Anketi’nden elde edilen veriler kullanılmıştır. Çalışmada kadınların işgücüne katılma durumları iki durumlu logit model aracılığıyla incelenmiştir
THE CONTRIBUTION OF UNIVERSITY STUDENTS’ EXPENSES TO CITY ECONOMY: THE CASE OF STUDENTS OF FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES, BAYBURT UNIVERSITY
Universities have different effects on region in which they are established in terms of economic, social and cultural. In particular, the spending of universities students contributes the economy of cities. It is, therefore, important in order to determine. In this research, the questionnaire has been used for students of the Faculty of Economics and Administrative, Bayburt University. It has been seen in this study that such students have spent 432,66 TL in average per month. Moving from this result it is claimed that 4791 students who study at Bayburt University between 2012 and 2013 contribute to the economy of Bayburt city approximately 16 582 992,48 TL.
ABSTRACT
In this study, there has been intended to analyze the factors affecting the performance of firms. Year end closing price of stocks and rate of stock return were used to measure performance of the firm. There has been analyzed the relationships between the variables of year-end closing price of the stock, rate of stock return and cash dividend payout ratio, return on assets, price/ earnings ratio, earnings per share, net profit growth, market to book value ratio, market value and return on equity. In the study, there have been analyzed 16 companies included in ISE 30 Index for 1998-2010 years using the panel regression model. There were created two models in the research and according to this, whereas Closing Price of the Stock (CLS) was increased by the change in Dividend Payout Ratio (DPR) and Earnings Per Share (EPS) in Model 1, it increased the change in Return on Assets (ROA) and it did not affect the Market to Book value (M_B) and Market Value Increase (MVI) and Closing Price of Stock (CLS). In Model 2, there has been observed that whereas Market Value Increase (MVI) and Earnings Per Share (EPS) have increased the Rate of Stock Return (RSR), it has not affected Return on Assets (ROA).
ABSTRACT
Determination of the factors afecting the level of proitability of companies has a great importance in determinig of eiciency and efectiveness of economy. This study aims signiicance of the inancial indicators in explaining the level of proitability of irms and to put forward the relationship between inancial indicators and variables of proitability.
It has been used 78 irms in Istanbul Stock Exchange (ISE) Manufacturing Sector and were considered inancial ratios among 2000-2011 years in the analysis. In this study, it has been used panel regression analysis to measure the relationship between the variable sand were obtained 3 diferent models. In the models it has been used Earnings Per Share (HBK), Net Proit/Shareholder’s Equity (NK/OS), Net Proit/Total Assets (NK/TA) as dependent variables and Net Sales/Total Assets (NS/TA), Cost of Goods Sold / Inventory (SMM/STK), Net Sales / Accounts Receivable (NS/TİCA), Current Ratio (CO), Fixed Asset / Total Asset (DV/TA), Tangible Asset / Long Term Liabilities (MDV/UVYK), Net Sales / CurrentAsset (NS/DV) and Total Debt/ Total Asset (TB/TA) as independent variables.
As a result, while each 3 models analyzed explain statistically TB/TA, DV/TA, MDV/UVYK variables and NS/DV variable only explains statistically to Model 2 and Model 3.