Omay, Tolga
Loading...
Profile URL
Name Variants
T.,Omay
Omay, Tolga
O., Tolga
Tolga, Omay
Omay,T.
O.,Tolga
T., Omay
Omay T.
Omay, Tolga
O., Tolga
Tolga, Omay
Omay,T.
O.,Tolga
T., Omay
Omay T.
Job Title
Profesor Doktor
Email Address
tolga.omay@atilim.edu.tr
Main Affiliation
Economics
Status
Website
ORCID ID
Scopus Author ID
Turkish CoHE Profile ID
Google Scholar ID
WoS Researcher ID
Sustainable Development Goals
2
ZERO HUNGER
0
Research Products
14
LIFE BELOW WATER
2
Research Products
17
PARTNERSHIPS FOR THE GOALS
7
Research Products
5
GENDER EQUALITY
0
Research Products
16
PEACE, JUSTICE AND STRONG INSTITUTIONS
0
Research Products
8
DECENT WORK AND ECONOMIC GROWTH
11
Research Products
4
QUALITY EDUCATION
0
Research Products
6
CLEAN WATER AND SANITATION
0
Research Products
7
AFFORDABLE AND CLEAN ENERGY
3
Research Products
10
REDUCED INEQUALITIES
2
Research Products
11
SUSTAINABLE CITIES AND COMMUNITIES
1
Research Products
9
INDUSTRY, INNOVATION AND INFRASTRUCTURE
3
Research Products
1
NO POVERTY
0
Research Products
3
GOOD HEALTH AND WELL-BEING
2
Research Products
12
RESPONSIBLE CONSUMPTION AND PRODUCTION
1
Research Products
13
CLIMATE ACTION
7
Research Products
15
LIFE ON LAND
1
Research Products
Documents
80
Citations
1218
h-index
20
Documents
72
Citations
1070
Scholarly Output
65
Articles
55
Views / Downloads
19/0
Supervised MSc Theses
4
Supervised PhD Theses
2
WoS Citation Count
431
Scopus Citation Count
500
WoS h-index
13
Scopus h-index
13
Patents
0
Projects
0
WoS Citations per Publication
6.63
Scopus Citations per Publication
7.69
Open Access Source
32
Supervised Theses
6
Google Analytics Visitor Traffic
| Journal | Count |
|---|---|
| Applied Economics | 5 |
| Computational Economics | 5 |
| Springer Proceedings in Business and Economics -- 4th International Conference on Banking and Fice Perspectives, ICBFP 2019 -- 2 May 2019 through 3 May 2019 -- Famagusta -- 273729 | 3 |
| Mathematics | 3 |
| Environmental Science and Pollution Research | 2 |
Current Page: 1 / 8
Scopus Quartile Distribution
Competency Cloud
13 results
Scholarly Output Search Results
Now showing 1 - 10 of 13
Conference Object Citation - Scopus: 2Fiscal Sustainability From a Nonlinear Framework: Evidence From 14 European Countries(Springer Science and Business Media B.V., 2019) Hasdemir,E.; Omay,T.This study examines the fiscal sustainability of 14 European Union (EU) Member countries in the long run. For this purpose, a linear Augmented Dickey Fuller (ADF) and a variety of nonlinear univariate unit root tests are applied to the debt-to-GDP series of the 14 EU Member countries; Belgium, Czech Republic, Denmark, Finland, France, Greece, Hungary, Italy, Netherlands, Poland, Portugal, Romania, Slovakia and Sweden. In addition to that, the nonlinear unit root tests applied in this study are classified according to the source of nonlinearities: (i) time dependent nonlinearity (structural break(s)), (ii) state dependent nonlinearity and (iii) hybrid nonlinearity. Thus, the nonlinearities and their sources in data generating process of debt-to-GDP series of every country can be determined. The findings of this study show that the null of linear unit root cannot be rejected for none of the countries by applying linear ADF whereas it can be rejected as a result of nonlinear unit root tests for considerable number of countries, i.e. 11 out of 14 countries exhibit time dependent nonlinearity, 6 out of 14 exhibit state dependent nonlinearity and 10 out of 14 exhibit hybrid nonlinearity in their relevant data. So, the source of nonlinearities in the relevant data differs according to the country. That is, for testing the fiscal sustainability, the nonlinearities in the data need to be taken into account. Ignoring the nonlinearities in the testing procedure can lead misleading results in the decision of fiscal sustainability in the long run. © 2019, Springer Nature Switzerland AG.Article Citation - WoS: 47Citation - Scopus: 47Global Risk Aversion and Emerging Market Return Comovements(Elsevier Science Sa, 2018) Demirer, Riza; Omay, Tolga; Yuksel, Asli; Yuksel, AydinUtilizing the recently developed measure of global risk aversion by Xu (2017), we show that global risk aversion is a significant determinant of international equity correlations, consistently across all emerging markets examined. The positive effect of risk aversion on emerging market comovements is particularly strong for South Africa and Turkey and is consistent with contagion effects. The results underscore the importance of non-cash flow shocks in models of contagion and portfolio risk. (C) 2018 Elsevier B.V. All rights reserved.Article Psikolojik Sermaye, Bireysel Performans ve Birey-örgüt Uyumu: Bir Literatür Taraması(2019) Özkan, Osman Seray; Omay, Tolga; Akyüz, Göknur ArzuKüreselleşen dünya ekonomisi ile birlikte ortaya çıkan rekabet şartlarında, örgütlerin varlıklarını sürdürmelerine ve başarılarınıdevam ettirmelerine katkı sağlayan psikolojik sermaye, bireysel performans ve birey-örgüt uyumunun, farklı sektörlerde farklıdeğişkenler ile yapılan araştırmalarda olumlu iş çıktılarına, tutumlarına ve davranışlarına yol açtığı tespit edilmiştir. Bu öneminerağmen, mevcut yazın içerisinde bu kavramlara ilişkin yayınlanan çalışmaların detaylı bir içerik analizi yapılmamıştır.Bu araştırmanın amacı, örgütsel davranış alanında yer alan psikolojik sermaye, bireysel performans ve birey-örgüt uyumukonusunda gerçekleştirilen çalışmaların literatür taramasının yapılarak incelenmesidir. Bu doğrultuda, ulusal tez merkezi ve ulusaldergiler kapsamında 68 yerli araştırma ile Web of Science kapsamında en çok atıf alan ve en güncel olmak üzere 150 yabancıçalışma tetkik edilmiştir.Tetkik edilen çalışmalar içerik analizi yöntemi ile değerlendirilmiştir. İçerik analizi ile araştırmanın kimliği hakkında tanımlayıcıbilgiler; yazar/lar, yıl, dergi, değişkenler, sektör, yöntem ve veri analiz yöntemleri boyutlarını kapsayacak şekilde incelenmiştir. Eldeedilen veriler, yüzde ile frekansa dayalı olarak yorumlanmış ve taksonomik tabloda özetlenmiştir.Araştırma sonuçları; psikolojik sermaye, bireysel performans ve birey-örgüt uyumu ile en fazla ilişki kurulan değişkenlerin: iştatmini, işten ayrılma niyeti, örgütsel bağlılık, liderlik ve örgütsel vatandaşlık davranışı olduğunu göstermiştir. Sektörel açıdandeğerlendirildiğinde eğitim, hizmet, kamu, turizm ve imalat sektörleri ön plana çıkmıştır. Çalışmaların kavramsal ve kuramsalolarak, tarama ve ölçek uyarlama şeklinde gerçekleştirildiği ve görgül çalışmaların ağırlıklı olduğu gözlenmiştir. Verilerin analizindeçoğunlukla regresyon, korelasyon ve doğrulayıcı faktör analizi kullanılmıştır.Araştırmanın bilimsel alana en büyük katkısı, araştırmacıların mevcut yazının genel bir resmini görerek hangi alanların ihmaledildiğine ve hangi alanlarda çalışmalar yapılabileceğine ilişkin fikir sahibi olmalarına imkân vermesidir. Sunulan kapsamlıtaksonomik tablo ile bu araştırmanın psikolojik sermaye, bireysel performans ve birey-örgüt uyumu konusunda ileride yapılacakçalışmalar için bir rehber niteliğinde olduğu öngörülmektedir.Article Citation - WoS: 9Citation - Scopus: 9Market Development and Market Efficiency: Evidence Based on Nonlinear Panel Unit Root Tests(Routledge Journals, Taylor & Francis Ltd, 2019) Aktan, Ceyda; Iren, Perihan; Omay, TolgaThis study tests the weak form market efficiency of 32 European stock markets. Utilizing monthly data from June 2006 to June 2017, six different, newly developed nonlinear panel root tests were applied in three different groups of European markets: Frontier, Emerging and Developed. The results show that there is a meaningful relationship between different levels of economic development and the weak form market efficiency. Considering the nonlinear structure of the stock market indices, use of linear models might lead to wrong conclusions regarding market efficiency. Using several nonlinear panel root tests, the results of this study shed more light on the true data generating process of the stock market indices and more appropriately model market efficiency.Article Citation - WoS: 13Citation - Scopus: 14Inflation-Growth Nexus: Evidence From a Pooled Cce Multiple-Regime Panel Smooth Transition Model(Physica-verlag Gmbh & Co, 2018) Omay, Tolga; van Eyden, Renee; Gupta, RanganThis paper analyses the empirical relationship between inflation and growth using a panel data estimation technique, multiple-regime panel smooth transition regression, which takes into account the nonlinearities in the data. By using a panel data set for 10 countries in the Southern African Development Community permitting us to control for unobserved heterogeneity at both country and time levels, we find that a statistically significant negative relationship exists between inflation and growth for inflation rates above the critical threshold levels of 12 and 32% which are endogenously determined. Furthermore, we remedy the cross-section dependence with the common correlated effects estimator.Article Citation - WoS: 20Citation - Scopus: 20Testing for Unit Roots in Dynamic Panels with Smooth Breaks and Cross-Sectionally Dependent Errors(Springer, 2018) Omay, Tolga; Hasanov, Mubariz; Shin, YongcheolWe develop the extended unit root testing procedure for dynamic panels characterised by slowly moving trends (SMT) and cross-section dependence (CSD). We allow SMT to follow the smooth logistic transition function and the components error terms to contain the unobserved common factors. We propose the two panel unit root test statistics, one derived by the extended common correlated effects (CCE) estimator and the other based on the Sieve bootstrap. We have conducted extensive simulation exercises and document that the failure to take into account SMT and CSD may lead to misleading inference. On the other hand, we find that both bootstrap and CCE-based tests maintain good power properties in small samples in the presence SMT and CSD. We apply our proposed tests to real interest rates for 17 OECD countries and find overwhelming evidence in favour of the Fisher hypothesis.Conference Object Asymmetric Effects of Credit Growth on the Current Account Balance: Panel Data Evidence(Springer Science and Business Media B.V., 2019) Ekinci,M.F.; Omay,T.Expanding current account balances (both surpluses and deficits) prior to the global economic crisis dominated academic and policy debates over the past decade. Understanding the role of credit growth on the current account balance has become a priority particularly with the rebalancing experience in the post-crisis period. In this study, we adopt a comprehensive framework by constructing an empirical model that accommodates asymmetric adjustments of current account balance to the changes in the total and household credit growth. We consider the asymmetric effects in two dimensions. When we discriminate between credit expansion and contraction episodes, our results show that credit growth has a stronger negative impact on the current account balance during credit expansion periods. Furthermore, negative effects of total and household credit growth on the current account balance are more pronounced during current account deficit episodes. © 2019, Springer Nature Switzerland AG.Article Citation - WoS: 16Citation - Scopus: 24Behavior of Foreign Investors in the Malaysian Stock Market in Times of Crisis: a Nonlinear Approach(Elsevier Science Bv, 2019) Omay, Tolga; Iren, PerihanThis study investigates the response to crisis of foreign investors versus domestic investors in the Malaysian stock market. The econometric-modeling involves a nonlinear approach which allows for investor responses to differ in up and down markets. Specifically, the smooth-transition autoregressive (STAR-STGARCH) family of models and generalized impulse response function (GIRF) analysis are employed. The 1997 Asian Crisis is analyzed using daily data for the period 1995-2003, and the 2008 Global Financial Crisis for a period extended to 2015 with allowance for structural breaks. The results indicate that foreign investors exhibited herding behavior during the Asian Crisis and responded to the shock more quickly than domestic investors, but that foreigners did not act differently from their domestic counterparts during the Global Financial Crisis. These findings suggest that even as foreign capital flows may be desirable for economic growth, they can be unstable and may increase volatility during crises that are locally rooted. (C) 2018 Elsevier Inc. All rights reserved.Conference Object Nonlinearity in Emerging European Markets: Pre and Post Crisis Periods(Springer Science and Business Media B.V., 2019) Aktan,C.; Omay,T.Investigating the efficiency of emerging markets has been a popular research trend in the past decade, showing implications on both the economy and the policies of the countries in question. Market efficiency, in other words, informational efficiency, states that if markets are fully efficient, then all information is instantly reflected the prices of stocks. However, there are many arguments for and against this theory, especially on the discussions of the 2008 Global Financial Crisis. These past studies are seen to be showing mixed results. It is important the note that there is a nonlinear movement among the stock prices within stock markets and this needs to be incorporated in the tests that are used to measure their efficiency in order to obtain more accurate results. Therefore, in this study, we have tested the weak form efficiency of the emerging markets located in Europe, namely, Czech Republic, Greece, Hungary, Poland, Turkey, and Russia. Effects of the 2008 Global Financial Crisis were put forward by taking two different time periods (Pre: November 2005–September 2008 and Post: October 2008–February 2019—Crisis) and applying newly developed nonlinear unit root tests. Results of the study supported previous research and showed that the efficiency of most markets changed in the post-crisis period from efficient to inefficient. © 2019, Springer Nature Switzerland AG.Article Citation - Scopus: 45Sharp and smooth breaks in unit root testing of renewable energy consumption: The way forward(International Research Center for Energy and, 2018) Shahbaz,M.; Omay,T.; Roubaud,D.[No abstract available]
