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Öğe Application of Multi-Objective Optimization on the Basis of Ratio Analysis (MOORA) Method for Bank Branch Location Selection(Beykent Üniversitesi, 2013) Gorener, Ali; Dincer, Hasan; Hacioglu, UmitLocation selection problem in banking is an important issue for the commercial success in competitive environment. There is a strategic fit between the location selection decision and overall performance of a new branch. Providing physical service in requested location as well as alternative distribution channels to meet profitable client needs is the current problematic to achieve the competitive advantage over the rivalry in financial system. In this paper, an integrated model has been developed to support in the decision of branch location selection for a new bank branch. Analytic Hierarchy Process (AHP) technique has been conducted to prioritize of evaluation criteria, and multi-objective optimization on the basis of ratio analysis (MOORA) method has been applied to rank location alternatives of bank branch.Öğe The Central Banking Operations in Global Economy(Igi Global, 2014) Celik, Ismail Erkan; Dincer, Hasan; Hacioglu, UmitGlobal economic improvements with new economy concept are starting to get more competitive day by day. The competitive transformation that comes as a result of active using the information in real sector markets has started to show itself in finance sector. Decreasing profit margins, customer-oriented approach to service, international banking regulations and activities, put the banking sector in an important actor in a highly competitive environment. Central bank strategies and the regulation activities on market in developed countries is said to be one of the important parameters for the banks' current activities in financial markets. In this context, this work presents the operations and basic historical process of the Central Banking in Developed Markets for banks that are global actors.Öğe A Comparative Hybrid Method in Technical Analysis for Stock Selection Process in Banking Sector by Fuzzy AHP-Topsis and Vikor Method(Igi Global, 2014) Dincer, Hasan; Hacioglu, UmitThe decision-making process on the stock requires the comprehensive analysis of both the fundamental and technical methods for the professionals invested in capital markets. Timing is an important issue of investment to profit from the capital markets. Thus, technical analysis based on the behavior of the investors and the timing as well as fundamental analysis to select the right securities are considered by the majority for stock selection. The purpose of the study is to uncover the performance results of the stocks in the banking sector by the main technical analysis indicators with comparative ranking methods under fuzzy environment.Öğe The Competitiveness and Strategies in Global Financial System(Igi Global, 2014) Dincer, Hasan; Hacioglu, UmitThe concept of strategic change in financial systems consists of various internal and external environmental elements. Effective company strategies determine the fate of companies in volatile market conditions. Companies in financial systems have to adopt new technologies and implement new strategies in order to achieve a competitive position in the marketplace. Developing competitive ideas and strategies relies on organizational change. It is shaped by internal and external factors that mostly provide the formation of strategic change. In this regard, market developments and the changing structure of demand are of vital importance. In this chapter, a strategic approach to competitiveness in financial system is developed. Moreover, the fundamentals of competitiveness on financial and economic systems are evaluated, and the interaction between financial development and global competitiveness is assessed.Öğe Conflict Risk and its Implications on Economy and Financial System(Beykent Üniversitesi, 2013) Hacioglu, Umit; Dincer, Hasan; Celik, Ismail ErkanConsidering the impacts of the conflict on the economic parameters in terms of macroeconomics, the following factors might affect the profitability of the company: foreign capital outflows, decrease in exports, increase in the interest rates, disruption of the investment climate, increase in the exchange rates, increase in the costs of import entry etc. Due to the expectable decrease in profit shares as to the investors, the contraction in the risk appetite will cause volatility in the prices of equity securities markets based on the impacts of the conflict, and the equity securities will depreciate. In this study, the main contributions on conflict risk and related econometric models have been discussed.Öğe The Effect of Integrated Marketing Communication Competencies on Banking Performance: Analysis with Fuzzy VIKOR Method(Academia, 2013) Dincer, Hasan; Hacioglu, Umit; Yilmaz, RecepChain reaction of bank failures in advanced economies and the possibility of sovereign defaults are still the major concerns as credit default swap spreads breaking new records high. Moreover, the latest policy steps by banking authorities in advanced economies seem to have negative effect on bank ing performance. Fierce competition at financial market with relatively little profit, plus the new with drawal mechanism regulations for low performance banks have resulted in a limited growth of banks at capital markets. IMC approach as a strategic tool aligns effective marketing strategies with suc cessful corporate strategies. The result of fuzzy VIKOR analysis adapted in this study illustrate (i) effective banking performance depends on financial and nonfinancial parameters, (ii) effective mar keting activities enhance performance, (iii) IMC is a strategic kit for aligning marketing operations and strategies, (iv) IMC approach with its competencies outperforms competing banks, (v) stock per formance of the banks with IMC approach determines the banking position.Öğe The Effect of Low Employee Turnover Ratio on Bank Profitability in Turkey(Igi Global, 2015) Dincer, Hasan; Hacioglu, Umit; Tugsal, TurkerThe purpose of this chapter is to emphasize the effect of bank employee turnover on profitability. Researchers so far have commonly studied employee turnover, job satisfaction, and commitment. The current research intends to fill the gap by focusing on the relationship between employee turnover and profitability. In this chapter, firstly, employee turnover, its terminology, and the nature of turnover are defined. This relationship in the banking sector is analyzed and three private banks in Turkey are scrutinized. The main argument of the research is that there is an adverse relationship between employee turnover and bank profitability. Conversely, the results of the study do not thoroughly support the assumption. As a result, findings show that banks minimize the effects of economic crisis by dismissal and not recruiting new employees to replace a quitting worker or recruiting for a new position.Öğe Evaluation of conflict hazard and financial risk in the E7 economies' capital markets(Univ Rijeka, Fac Ecomomics, 2013) Hacioglu, Umit; Dincer, HasanThe purpose of this research is to examine the interaction between financial stress and conflict risk having impacts on financial instruments in capital markets within an interdisciplinary frame. The Fuzzy TOPSIS method is applied in order to analyse effects of conflict hazard on capital markets and financial instruments in the E7 economies and to demonstrate the best possible ranks of the E7 economies based on performance evaluation criteria. In order to obtain the dynamics of data as to develop a sufficient reference bases for expert opinions, conflict hazard index and financial stress index have been structured. The empirical results confirm that there is strong relation between financial stress index and conflict hazard index for the E7 economies. The fundamental conclusion demonstrates the effects of the financial and conflict risks for the stock selection in the E7 economies by the criteria derived from the Financial Stress Index and Conflict Risk Index.Öğe Financial Problems of the Small-and Medium-Sized Enterprises and Solution Suggestions(Igi Global, 2015) Dincer, Hasan; Hacioglu, Umit; Beyaztas, FatmaThe global economic crisis affected the giant companies and Small-and Mid-Sized Enterprises (SME). Financial problems of SMEs illustrate the necessity of effective management and a sufficient capital structure. In this chapter, the significant role of SMEs in the Turkish economy is evaluated. The major financial problems of SMEs and their effects on management and capital structure are analyzed. The financial problems of these fast-growing enterprises are highlighted and solution suggestions are provided.Öğe Financial Regulations and Standards in the Low Income Property Market of South Africa(e3 Journals, 2013) Moss, Vuyisani; Dincer, Hasan; Hacioglu, UmitIn examining the propensity to default on mortgage loans amongst low income households of Protea Glen, in Johannesburg, South Africa, part of the objectives was to examine financial regulatory instruments and measures aimed at ensuring fairness in the mortgage finance environment. The rationale was prompted by the assumption that regulatory instruments and protection measures were feeble and lack significant oversight as non-disclosures were prevalent with regard to mortgage contracts. Moreover, that misinformed mortgage borrowers were enticed to take up loans that were unaffordable to their financial situations. The adopted research approach by the author in analysing findings through an SPSS as an appropriate statistical technique was to employ a regression model to measure the association between independent variables and dependent variables. The regression model was to predict the outcome variable propensity to or non-payment behaviour, using regulatory information and borrower’s understanding of existence and effectiveness of these regulatory initiatives with regards to their rights with the lender. In addition to quantitative analysis, qualitative experimentation was employed in testing the relationship and interesting scientific findings emerged.Öğe Global Strategies in Banking and Finance Preface(Igi Global, 2014) Dincer, Hasan; Hacioglu, Umit[Abstract Not Available]Öğe Globalization and Governance in the International Political Economy Preface(Igi Global, 2014) Hacioglu, Umit; Dincer, Hasan[Abstract Not Available]Öğe Investment and Development Banking and Its Development in Turkey(Beykent Üniversitesi, 2012) Celik, Ismail Erkan; Dincer, Hasan; Hacioglu, UmitBanks, one of the most significant economic means of the nations and international organizations, have occasionally become one of the institutions mostly affected by the financial crisis in the world. Especially in the economies of the developed countries, one of the most important aspects of the financial sector is measured by the size of the financial resources and assets of the banks. The size and place of the investment banks depends on the investment and existing credit reserves appropriated by its members. From this perspective, scrutinizing the Investment and Developments Banks, which is one of the economic growth criteria, is of high importance. To this end, in addition to the operation of the Investment and Development Banks, financial products of these banks in Turkey are also analyzed in this study.Öğe Investment and Development Banks and Strategies in Turkey(Igi Global, 2014) Celik, Ismail Erkan; Dincer, Hasan; Hacioglu, UmitThe World Bank is the most important financier for international investment. The bank opens credits mostly for investment projects in developing countries. Turkey has received various investment credits since its membership to the World Bank on March 11, 1947. The credits were used for economic and social domains. Turkey has also been granted credits from the European Investment Bank (EIB). The credits received are composed of micro credits that belong to Small and Medium Enterprises (SMEs). A regional development bank, Islamic Development Bank, has also received credits through Eximbank and Industrial Development Bank of Turkey (TSKB) to finance Turkish SMEs. This chapter deals with Turkish investment strategies in the framework of basic principles of investment - development banks.Öğe Investment Climate, Economic Recovery and Reconstruction Process: The Bosnian Case(Ahmet Yesevi Univ, 2015) Hacioglu, Umit; Dincer, Hasan; Celik, I. ErkanFollowing the Dayton Accord in 1995, Bosnia and Herzegovina's economic infrastructure and 90% of its assets were destroyed according to World Bank estimates, and the estimated cost of this is about $20 billion. By the end of the war, the unemployment rate reached 90%. The World Bank and Non-governmental Organizations (NGOs) had an active role in the region to restructure the economy, and the unemployment ratio declined to around 30% following rapid economic growth. Studies illustrate that conflict, by its very nature, negatively affects the investment climate and the prosperity of the country. There is also a link between the unsatisfactory income levels and the risk of future conflicts. At conflict areas in the Balkans, international military action ensured short-term peace and stability particularly in Bosnia and Kosovo although long-term security and peace require economic stability and an active economic restructuring. In this study, the economic recovery and restructuring of Bosnia and Herzegovina have been analysed and the difficulties for the private sector are discussed. In addition to this, the contributions of the World Bank and NGOs in the recovery process are evaluated.Öğe Performance evaluation with fuzzy VIKOR and AHP method based on customer satisfaction in Turkish banking sector(Emerald Group Publishing Ltd, 2013) Dincer, Hasan; Hacioglu, UmitPurpose - Firms operating in the service sector must have a dynamic structure to be competitive in a volatile business environment. The dynamic structure brings skilled employees and talented managers together to create effective strategies for global competition. In traditional retail service companies, the majority of the staff interacts intensively with the clients and engaged in advanced facilities. The purpose of this research is to evaluate the performance results of the banks in Turkey based on the level of customer service and satisfaction within an interdisciplinary frame. Design/methodology/approach - The fuzzy VlKOR and AHP method has been applied to analyse the performance levels of Turkish banks registered in Borsa Istanbul. In order to obtain the dynamics of data, the customer satisfaction competencies have been identified as the reference points for experts. Findings - The empirical results confirm that the performance results of the banks vary based on customer satisfaction level and ownership types. The fundamental conclusion clarifies the facilities of the state-owned banks are suitable for meeting customer expectations, private bank's performance level is higher than foreign banks, foreign banks have the weakest performance results based on customer satisfaction level with a negative financial outcomes in local countries and finally, state-owned banks with their strong assets serve the customers in expected manner. Originality/value - Generating sales revenue based on effective customer services and quality improvement requires prompt response to changing competitive conditions and customer demands. Effective customer service in performance evaluation process has a strategic role in adopting competitive strategies. The originality of the study is to evaluate the performance results of the customer satisfaction using the hybrid approach under the fuzzy environment.Öğe Regional Development and Effects of Investment Banks(Beykent Üniversitesi, 2013) Celik, Ismail Erkan; Hacioglu, Umit; Dincer, HasanThe World Bank is the most important financier for international investment. The bank opens credits mostly for investment projects in developing countries. Turkey has received various investment credits since its membership to the World Bank on March 11, 1947. The credits were used for economic and social domains. Turkey has also been granted credits from the European Investment Bank (EIB). The credits received are composed of micro credits that belong to small and medium enterprises (SMEs). A regional development bank, Islamic Development Bank, has also received credits through Eximbank and Industrial Development Bank of Turkey (TSKB) to finance Turkish SMEs. This paper deals with Turkish investment strategies in the framework of basic principles of investment – development banks.Öğe The Role of World Bank in Global Development(Igi Global, 2014) Celik, Ismail Erkan; Hacioglu, Umit; Dincer, HasanIn global development it has been observed that the World Bank sources have been allocated on a limited scale by developed countries as not all countries have been included in the process at the same rate. The efforts of the World Bank to increase the development level of countries, which have resource allocation and structural problems, have contributed to obtaining structural improvement in the world economy as well as necessary sources of income from the world trade for each country. Depending on that, recovery targets with the tools and resources of the World Bank used for the purpose of expanding developing countries are set forth in this study.Öğe The Volatile Effect of Conflict Risk on Foreign Investment(Beykent Üniversitesi, 2013) Hacioglu, Umit; Dincer, Hasan; Celik, Ismail ErkanThe opportunities of investment brought along by the global economic integrity might turn into a threat in an instant and undermine the underlying structures of national economies. It is necessary to analyze the conflict risk properly in terms of both portfolio investment and finance strategies. This is an important step to be included in the process of arriving to a rational decision. In that way, the existing investment risks could be priced more efficiently. It is proved on Collier and Starr models that there is a correlation between the conflict risk and unemployment, economic recession, inflation and fiscal discipline. In brief, the breakdown in the economic parameters increases the conflict risk and a progress occurring in the opposite way, decreases that risk. In this study, it is discussed the effects of the conflict risk for foreign investment availabilities.
