Macro explanatory factors of Turkish tourism companies’ stock returns

This study examines whether the stock prices of Turkish tourism companies respond to growth in eight macro-economic variables namely, consumer price index, imports, exchange rate, consumer confidence index, oil price, money supply, foreign tourist arrivals, and monthly stock market return. By applying the Granger causality procedure, we find that growth in the consumer confidence index and imports could Granger cause tourism companies’ stock returns among eight macro factors in Turkey during the 2005 to 2013 period. After considering the structural break that occurred in 2007, the pre-break results indicate that the consumer confidence index, exchange rate, and foreign tourist arrivals could Granger cause tourism stock returns. However, the results in the post-structural break period reveal that only growths in oil prices and imports are significant.     

Decreasing average cost in private schools,existence of majority voting equilibrium,and a policy analysis for Turkey

The existing models of mixed public–private school systems usually capture only the decreasing average cost faced by public schools, whereas empirical studies find evidence of it for private schools as well. Motivated by this, an equilibrium model of a mixed public–private school system is studied in this paper, whereby private schools also face decreasing average cost over enrollment. In the model, households, heterogeneous with respect to exogenously specified income and child’s ability, choose among a public and a private school. Private school charges tuition whereas public school is free. Public school spending is financed by income tax revenue collected from all households and the tax rate is determined via majority voting. Achievement of a child depends on its ability and education spending. Under the assumptions on the parameters of the model, a joint lognormal distribution of income and ability, and a Cobb–Douglas utility, majority voting equilibrium is numerically shown to exist. The model is calibrated to match certain statistics from the 2013 Turkish data. Using the calibrated model, we compare the benchmark for a mixed public–private school system with a pure public school system to understand the impact of shutting down some of the private schools in Turkey following the July 15 coup attempt. We find that mean achievement and variance of achievement after high school is \(0.039\%\) higher and \(0.013\%\) lower respectively in a pure public school system.     

The role of space in interdisciplinary collaboration in design education

The growing interest in the collaborative design education for innovation has mainly been concerned with students and learning outcomes. We know less about the collaboration between the tutors who teach interdisciplinary design courses. Addressing this gap, this article explores the effect of space on the interdisciplinary collaboration between faculty members from the fields of industrial design, architecture, engineering and business administration, who come together to design and conduct an extra-curricular educational activity, Interdisciplinary Design Studio (IDS) at METU. The empirical basis of this study comes from the interviews with the faculty members and the participant observation notes generated during the IDS meetings. The findings show that the effect of space on collaboration becomes evident over three issues, (1) the participation of tutors, (2) the commonality of their expectations from a design project, and (3) the interaction not only between students and tutors, but also among tutors as an interdisciplinary team.     

A phenomenological approach of blogger’s view on cultural distance

This paper is intended to determine the influence of cultural distance on the international destination choices by tourists. We adopted a phenomenological approach and data were obtained from 17 bloggers with structured interview form and evaluated by content analysis. We evaluated the research data as three processes, as pre-travel, during travel and post-travel. We identified a tangible and an intangible preparation stage in the pre-travel process. We observed that an increase in cultural distance caused an increase in the destination obscurity and thus in the mental preparation. We found cultural experience, cultural acquisition and personal change themes during traveling. In the meantime, the increase in the geographic distance influences the cultural distance perception. We determined that destinations that are geographically remote (especially the Asian countries) are also culturally remote and interesting. We proposed a model that cultural distance is a moderator variable between travel motivation and destination choice.     

Assessing consumer logistics functions in grocery shopping: Evidence from an emerging market

Abstract

Consumer logistics (CL), focuses on the role of consumers in the logistical processing of goods for the purpose of consumption from point of acquisition to the point of disposal. The objective of this study is to test and validate the CL scale as introduced by Bahn, Granzin, and Tokman for grocery shopping in a previously unexplored country setting, namely in Turkey. Our findings show in contrast to Bahn et al. only six CL functions: information search, transportation management and materials handling, storage management & inventory needs assessment, contingent inventory operations & product acquisition, intra-household communication, and interdependent transportation operations. These six CL functions are more applicable for an emerging market, such as Turkey. These findings are consistent across the different socio-demographic characteristics in our sample.     

Consumer ethics,materialism and material satisfaction: A study on Turkish adolescent consumers

The aim of this study is to reveal the differences among consumer ethics, materialistic attitudes and material satisfaction of the adolescents across the socio‐economic level and gender in Turkey. The sample of the study is formed by randomly selected high schools students (n = 350) in Ankara. The results indicated that consumer ethics, materialistic attitudes and material satisfaction varied according to socio‐economic level (p < .01). Among materialistic attitudes and material satisfaction, only a significant difference is found on consumer ethics across the gender. There is no significant difference among gender on materialistic attitudes and material satisfaction. In general, males’ ethical beliefs were found lower than the females.     

Food safety attitudes and practices of chefs in Cappadocia region,Turkey

ABSTRACT

Chefs working at hotels, restaurants, and public institutions play a major role in food safety. The aim of this study is to explore attitudes and practices regarding food safety issues among chefs in the Cappadocia region, Turkey. The data was collected using a convenience sampling method of the non-probability sampling technique. The survey was conducted between the period of September 2018 and November 2018, and 108 chefs working at hotels, restaurants, and public institutions participated. The data were analyzed using frequencies, exploratory factor analysis, independent sample t-test, ANOVA, correlation, and simple linear regression analyses. Most of the chefs (79.6%) had taken a basic food safety training course. The findings reveal that there are statistically significant (p < .05) differences between groups: (a) demographics and attitudes, and (b) demographics and practices. The findings also show that there is a significant (p < .05) and positive correlation (r = 0.48) between the attitudes and practices of chefs. This study posits that food safety trained chefs have higher scores in terms of both attitudes and practices than those who have not received. It is recommended that all chefs should be encouraged to attend food safety training programs. Practical and academic implications are discussed in detail.     

A discourse analysis of pilgrimage reviews

ABSTRACT

This article is the first to provide an account of the discursive features of online consumer reviews of pilgrimage sites. Drawing from pilgrimage studies and narrativity theory in consumer research, the authors explore how consumers communicate the spiritual and material aspects of pilgrimage experiences by examining a corpus of 833 consumer reviews on TripAdvisor of the most sacred pilgrimage sites of the world’s major five faith groups. Pilgrims include analytical discursive features to communicate the material aspect of their consumption experience. They reserve narration for spiritual transformation and the experience of strong emotions. Moreover, review ratings are only reflective of the spiritual aspect of their consumption experience. As such, this research complements previous studies by highlighting the material, physical aspect of this extraordinary consumption experience.     

Financial development and governance relationships

In any country, financial development has a huge influence on country’s economic developments. Financial development strengthens financial stability of countries and enhances deep and broad access to capital and financial services by improving efficiency of financial markets and effectiveness of financial intermediation. The purpose of this study is to identify the relationships between various aspects (pillars) of financial development and dimensions of governance for countries listed in the Financial Development Index of the World Economic Forum. The Index provides a score for the breadth, depth and efficiency of 62 of the world’s leading financial markets. The study utilized the data from the World Economic Forum presented in the financial development report (2012) and attempted to model the relationships between various pillars of financial development and dimensions of governance by structural equation modelling (SEM) methodology. The study used the Worldwide Governance Indicators for year 2012 of the World Bank as the measure of governance. According to the SEM results, there seems to be a significant positive relationship between governance and financial development. Thus, as governance is enhanced, we may expect financial development to strengthen as well.     

Economic reforms and income distribution in Turkey

The aim of this paper is, first, to find out the income sources of the improvement in income inequality in the reform period between 2002 and 2007. s, we aim to assess the distributional impacts of macroeconomic policies over the 2002–2007 reform period by examining the contributions of different income groups to overall inequality. Income data obtained from the Household Budget Surveys of TurkStat covering the 2002–2013 period are used. The results show that there have been significant improvements in the income distribution after 2002. The extent of this improvement seems to have been higher during the 2002–2007 reform period than for the rest of the period after 2007. Entrepreneurial and financial income groups were the most distinctive for this improvement. The results also indicate that the contribution of transfer payments was very small, but surprisingly positive in both the 2002–2007 and 2007–2009 periods, and expectedly negative in the 2009–2013 period.