Yazar "Sonmezer, Sitki" seçeneğine göre listele
Listeleniyor 1 - 3 / 3
Sayfa Başına Sonuç
Sıralama seçenekleri
Öğe The Case for Gold Revisited: A Safe Heaven or A Hedge ?(University of Pittsburgh Press, 2012) Apak, Sudi; Akman, Vedat; Cankaya, Serkan; Sonmezer, SitkiThis paper attempts to analyze the relation among gold prices and other macroeconomic and financial variables and addresses the question whether gold is a safe haven or a hedge for investors. The study investigates the relationship by using an econometric analysis for top gold exporter and importer countries, for a sample period of 11 years from 2000 to 2011. The results are twofold (i) return of silver, USD returns and change in the volatility index influences gold returns positively whereas, Swiss Franc and Canadian Dollar returns influence gold returns negatively regardless of presence of the 2008 crisis. (ii) In times of stress, our findings indicate that Swiss Franc, Norwegian Krone and Canadian Dollar function as haven whereas, on average, Swiss Franc, Canadian Dollar and 10 year US treasuries function as a hedge against gold but the results show no evidence for the US dollar.Öğe Determinants Of Growth In Franchising Contracts In Emerging Markets; Evidences From Turkey(University of Pittsburgh Press, 2012) Akman, Vedat; Sonmezer, SitkiThis study aims to examine the franchise sector and determine the significant factors that contribute to an increase in the number of franchiser’s contracts in Turkey. Secondary data is used from the Turkish Franchise Association and multivariate regression models are run for each sector. Our models explain the change in the number of franchise contracts with R2 ’s varying between .6577 and .7549. We provide evidence that success factors in increasing the number of contracts change depending on the sector firms operating in and contracts may be designed thusly to pursue success.Öğe Option Strategies and Exotic Options: Tools for Hedging or Source of Financial Instability?(Springer International Publishing Ag, 2017) Sonmezer, SitkiDevelopment of options markets has been rapid and constant development has led to innovations in the financial sector in recent decades. Despite the fact that innovations are far from complete, this chapter aims to address the prominent options strategies and exotic options. The way they are priced is questioned and behavioral approaches are addressed. Speculative nature of exotic options and financial instability relationship is discussed.