The effect of job resourcefulness on role stress,emotional exhaustion and overall performance: A study of frontline bank employees

This article develops and tests a conceptual model that examines the effects of co-worker support and job resourcefulness on role stress, emotional exhaustion and job performance. The data obtained from frontline bank employees with a time lag of two weeks in Northern Cyprus were used to test these relationships. The results of structural equation modelling suggest that the partially mediated model seems to have a better fit than the fully mediated model. The results further suggest that job resourcefulness partially mediates the effect of co-worker support on role ambiguity and emotional exhaustion. However, there is no empirical support for job resourcefulness as a mediator of the impact of co-worker support on role conflict and job performance. The implications of the results are discussed and their future research directions are offered.     

Equity-based entry modes of emerging country multinationals: Lessons from Turkey

Based on a sample of 522 foreign affiliates of Turkish multinational enterprises (MNEs) with varying levels of Turkish equity ownership, this study provides an empirical analysis of the determinants of equity-based entry mode strategies in host country markets. A number of hypotheses are developed to examine the impact of institutional, transaction specific and firm level variables on Turkish MNEs’ choice of equity ownership mode in their foreign affiliates. The results reveal that institutional variables are important in explaining the equity composition of foreign affiliates of Turkish MNEs. Particularly important in determining equity ownership mode were found to be political constraints, linguistic distance, knowledge infrastructure and the extent of parent diversity. Results concerning the influences of the size of the affiliate are contrary to expectations and contradict the findings of previous research. No support was found for the impact of cultural distance on the equity ownership mode of Turkish MNEs in their foreign affiliates. Apart from political constraints, equity ownership choice and its underlying determinants do not vary between emerging and developed host country markets.     

Does Sustainability Pay? Evidence from the Food Sector

This research investigates sustainability concepts, linking them with social, environmental, and operational activities in the food supply chain. Building on the literature treating social sustainability as an antecedent of environmental sustainability, we present the effects of environmental sustainability on operational performance using constructs that reflect flexibility, quality, and responsiveness. For this purpose, manufacturing companies in the Turkish food industry are surveyed and 101 responses are collected. A partial least squares structural equation model (PLS-SEM) is constructed to test the reliability and the validity of the measurement model and the structural model. The results show that social sustainability is positively associated with environmental sustainability. Moreover, environmental sustainability has a positive influence on operational performance measures: flexibility, quality, and responsiveness with effect sizes that range from medium to large. Organizations in the food supply chain should consider not only the economic, but also the social and the environmental aspects of sustainability. To do this, governments could inform manufacturers in the food sector about the importance of sustainability and encourage them with different incentives towards more sustainable operational practices. This work establishes that investing in social and environmental sustainability returns increased operational performance. The limitation of the research is the size of the sample. In the future, the questionnaire can be used to compare results from other countries and other sectors.     

The degree of financial liberalization and aggregated stock-return volatility in emerging markets

In this study, we address whether the degree of financial liberalization affects the aggregated total volatility of stock returns by considering the time-varying nature of financial liberalization. We also explore channels through which the degree of financial liberalization impacts aggregated total volatility. We document a negative relation to the degree of financial liberalization after controlling for size, liquidity, country, and crisis effects, especially for small and medium-sized markets. Moreover, the degree of financial liberalization transmits its negative impact on aggregated total volatility through aggregated idiosyncratic and local volatilities. Overall, our results provide evidence in favor of the view that the broadening of the investor base due to the increasing degree of financial liberalization causes a reduction in the total volatility of stock returns.     

Geopolitical risks and stock market dynamics of the BRICS

This paper examines the effect of geopolitical uncertainty on return and volatility dynamics in the BRICS stock markets via nonparametric causality-in-quantiles tests. The effect of geopolitical risks (GPRs) is found to be heterogeneous across the BRICS stock markets, suggesting that news regarding geopolitical tensions do not affect return dynamics in these markets in a uniform way. GPRs are generally found to impact stock market volatility measures rather than returns, and often at return quantiles below the median, indicating the role of GPRs as a driver of bad volatility in these markets. While Russia bears the greatest risk exposure to GPRs in terms of both return and volatility, India is found to be the most resilient BRICS nation in the group. Noting that geopolitical shocks and in particular terrorist incidents are largely unanticipated, our findings underscore the importance of a strong financial sector that can help return the market to stability and an open economy that allows local investors to diversify country-specific risks in their portfolios.     

The effects of the military in politics on the inbound tourism: evidence from Turkey

In this paper, we analyze the effects of the military in politics on the number of tourist inflows from 71 countries to Turkey for the period from 1984 to 2014. We use the fixed-effects and the random-effects as well as the dynamic generalized methods of moments estimations. We find that a lower level of the relative military in politics (the difference between the source country and Turkey) positively affects the tourism inflows to Turkey. Specifically, one standard deviation reduction in the index of the relative military intervention in politics in Turkey leads to almost 7% increase in the tourism inflows.     

Impact of macroeconomic factors and country risk ratings on GCC stock markets: evidence from a dynamic panel threshold model with regime switching

This study examines the non-linear relationship between stock markets in GCC countries and their country risk ratings as well as with major macroeconomic factors. Based on a dynamic panel threshold model with two and four regimes, the results provide evidence of short-term asymmetry between first-lagged GCC stock returns and the performance of GCC stock markets. In addition, only the financial risk (FR) rating has a significant positive effect on the performance of GCC stock markets according to the prevailing regimes for the GCC lagged returns and the Brent oil market. Among the macroeconomic factors, improvements in the global stock markets, the MSCI Global Islamic Index, and the oil price increased the performance of GCC stock markets, whereas increases in the gold price, the 3-month U.S. Treasury bill rate, and the U.S. Treasury bond rate reduced the performance of the GCC stock markets. These results have important implications for investors, policymakers, and portfolio managers.     

An evaluation of class-teachers’ roles in transferring values

Besides their academic success, teachers are bound to equip learners with values and prepare them as good citizens for the society. In this respect, the aim of this study is to evaluate primary school class-teachers’ roles in transferring values to their learners. This qualitative study comprises views by inspectors, directors, subject-teachers working in ten primary schools and parents in the city of Nicosia, Cyprus. The data was collected through interviews. This research indicated that class-teachers are effective role-models with responsibilities and effect of values transferring differed according to academic priorities and personalities. While parents feel satisfied with values transfer, most inspectors, directors and subject-teachers point to deficiencies in the approach. At this point, it is suggested that teachers are trained and a target-based curriculum is designed. This study was particularly aimed at evaluating class-teachers’ roles in transferring values in primary school years, which are assumed to be the most critical period of time. In the literature, the opinions of inspectors, directors, subject-teachers and parents about value transferring are not well known. One of the aims of tolerance education is that all stakeholders in educational organizations are satisfied with the transferring values and they feel peaceful. In this study, these new perspectives will show the state of harmony in educational institutions and the different opinions about transferring values. This research is hoped to add to this issue, which was rarely dealt with in literature, for the development of applications and policies.