Yazar "Gunay S.G." seçeneğine göre listele

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    The determinants of corporate social responsibility in Turkey
    (2010) Gunay S.G.
    The importance of corporate social responsibility (CSR) increases each day for the firms due the CSR's positive impact to the performances of the firms. Therefore, this important subject is on the agenda of many firms. The main purpose of this paper is to depict the determinants of CSR based on the perceptions of top managers and directors of the large scale industrial firms in Turkey. The other purpose of this paper is to illustrate the relationships between variables of ethical firm behaviors such as fair behaviors, trust-based behaviors, cooperative behaviors and CSR. In order to achieve these objectives, in-depth interviews with the top managers and directors of the thirty-six large scale industrial firms are conducted. Structural equation modelling (SEM) is used to develop a valid model that shows us the determinants of CSR in Turkey. SEM is also used to show the relationships among the variables of organizational behaviors. As a result of SEM, it is found that top managers and directors believe that as the hierarchy in their firms increases CSR activities will also increase. It is also found that there is a positive correlation among the variables of organizational behaviors of industrial firms in Turkey. Although these correlations among the variables of organizational behaviors are low, they are statistically significant. In sum, this study tries to illustrate the perceptual map of top managers and directors about the determinants of CSR in Turkey.
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    The impact of corporate governance on Turkish banking sector during economic crisis: The test of instrumental stakeholder theory
    (Virtus Interpress, 2011) Gunay S.G.; Heves M.
    The aim of this paper is to show the relationship between corporate governance and bank financial performance during economic crisis. In other words, a stakeholder governance model is developed in order to test the instrumental stakeholder theory during economic crisis. It is found that the average return on equity for the group of banks that use stakeholder governance model is approximately 70% higher than the group of banks that use stockholder governance model in Turkey during the economic crisis period (2007-2009). These findings show the importance of stakeholder governance model during the economic crisis. In other words, it is found that banks immunized themselves against the effects of economic crisis in terms of their financial performance.
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    Interaction between demographic and financial behavior factors in terms of investment decision making
    (2011) Gunay S.G.; Demirel E.
    The purpose of this study is to show that there is an interaction between demographic and financial behavior factors in investment decisions. It is found that gender has interaction with five of the financial behavior factors (overreaction, herding, cognitive bias, irrational thinking, and overconfidence). The second finding of our study is that the level of individual savings has an interaction with four of the financial behavior factors (overreaction, herding, cognitive bias, and irrational thinking). Based on these findings, it would not be wrong to argue that gender and savings level are effective demographic factors that interact with behavioral finance factors in investment decisions. On the other hand, no interaction is found between age and behavioral finance factors in this study. Finally, it is also found that behavioral finance factors are effective in individuals' investment decisions. © EuroJournals Publishing, Inc. 2011.