Utilizing the recently developed measure of global risk aversion by Xu (2017), we show that global risk aversion is a significant determinant of international equity correlations, consistently across all emerging markets ...

This study examines the generalized Fisher hypothesis as applied to common stocks by using the recently proposed second generation panel cointegration tests. Unlike their predecessors, these new tests assume the existence ...

The idea that competence-creating subsidiaries from emerging nations can contribute to and possibly renew sources of competitive advantage is an appealing one for managerial practice and policy. Many mature MNEs can look ...

Are REITs income stocks, only? Following Myers (1977) and Bernardo et al. (2007), we examine empirically REITs’ unlevered betas, betas of growth options, betas of assets-in-place and the difference between the latter two ...

This study aims to provide insights on personal branding and impression management practices in the context of selfie production and sharing on online social networking sites (oSNSs). The theoretical framework of the study ...

One problem encountered when examining the Fisher hypothesis is that various policy changes and economic shocks may induce structural shifts in the long-run relation. We explore the argument that panel cointegration tests ...

This paper examines the time-series predictability of reversals in an emerging stock market, Borsa Istanbul. We show that short-term reversals, thus the payoffs to the contrarian strategy, are predictable with the market ...

By combining flexibility and employment protection, the 2003 Labor Act of Turkey has become a key element in promoting fundamental employment rights in Turkey, safeguarding workers' employment conditions under flexible ...

The priorities 9th National Development Plan (NDP) covering the 2007-2013 period relevant to HRD-OP (Human Resources Development Operational Programme) involve supporting the priority of "increasing employment" which ...

The broad objective of this paper is to examine the challenges faced by the Turkish labor market in the aftermath of the so-called trade liberalization period, particularly questioning whether a prominent change in pattern ...