This paper examines the determinants of foreign direct investment (FDI) for 88 countries in the 1985-2011 period, using a static and dynamic panel data analysis. The results show that urbanization rate, the ratio of population over the age of 65, social security spending and health spending have a negative and statistically significant impact on FDI, while per capita GDP, GDP growth, market size, inflation rate, unemployment rate, labor force growth, credit to private sector, market capitalization and control of corruption have a statistically significant positive impact on FDI inflows. In addition, financial openness and energy imports to the host nation have both statistically significant negative and positive impacts on FDI inflows.
The crises that are frequently observed in the banking industries of emerging markets which affect banks' profits necessitate regulations and supervision of these markets. This paper investigates the determinants of Turkish banks' profits and the effects of the regulations implemented in this industry
Bu çalışmada, Borsa İstanbul'da (BIST) kote olmuş 13 turizm şirketinin 2011-2015 dönemine ait finansal performansları TOPSIS yöntemi ile incelenmiştir. Çalışmada, şirketlerin finansal güçlülüğünü tespit etmek amacıyla öncelikle mali oranlar hesaplanmış, finansal oranlar kullanılarak TOPSIS metoduyla genel şirket performansı tespit edilmiş ve şirketler bu skorlara göre sıralanmıştır. Her bir şirketin dönemler itibariyle sahip olduğu performans sıralaması yapıldıktan sonra, dönemlik ortalamalar üzerinden şirketlerin performans sıralaması gerçekleştirilmiştir. Çalışmanın bulguları, turizm sektöründe faaliyet gösteren şirketlerin finansal performans puanlarının yıllara göre değiştiğini göstermektedir. Analiz sonuçlarına göre 2011 yılında en iyi performansa sahip turizm şirketleri sırasıyla Net Turizm, Tekart Turizm ve Marmaris Altınyunus iken en kötü performansa sahip şirket ise Metemtur'dur. Ancak 2015 yılında ise Metemtur, Kuşadası Turizm ve Marmaris Altınyunus en iyi performans sergilerken, Martı Otel en kötü performansa sahip bulunmuştur. İncelenen dönemde Net Turizm ve Marmaris Altınyunus sürekli iyi performans gösterirken, Metemtur ise en fazla dalgalanma gösteren şirket olmuştur.
This study investigates the foreign exchange exposure and determinants of risk for different time horizons of Turkish companies from 1997 to 2011. In order to analyze the effect of the 2001 crisis, the study is split into two sub-periods: pre-crisis, and post-crisis. The empirical findings of the study suggest a negative relationship between exposure and asset turnover ratio, and profit margin, while there was a positive relationship between exposure and leverage. The study also provides empirical support for the fact that the companies with a higher export rate are exposed to higher risk. Finally, large companies are subject to less risk in the short run.
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