3 results
Search Results
Now showing 1 - 3 of 3
Article Citation - WoS: 4Household Structure and Household Income and Its Components Over the Life-Cycle in Turkey(Bilgesel Yayincilik San & Tic Ltd, 2013) Cilasun, Seyit Mumin; Kirdar, Murat GurayIn this study, using the 2003 Turkish Household Budget Survey, we investigate the life-cycle profiles of household income and its components by educational attainment, compare these profiles with those reported for various developed and developing countries, and interpret our findings within the life-cycle framework. A key aspect of our analysis is that we examine the link between household structure and household income over the life-cycle. The main finding of the study is that household income profiles conditional on educational attainment in Turkey are non-decreasing and quite flat over the life-cycle. This is in stark contrast to the hump-shaped household income profiles reported for developed countries. There are three main reasons for this fact in Turkey: i) multiple families live together in the same household, especially when the household head is very young or old, and many single adult children who are employed live in their parents' households. In other words, household formation helps to smooth income. ii) Many household heads are still employed at end of their life-cycle, especially among the less-educated. iii) Pension income levels, for those who are qualified for them, are relatively high compared to other components of income.Article Citation - WoS: 2Value Relevance of Earnings and Book Value of Equity in Turkey: the 2003-2009 Period(Bilgesel Yayincilik San & Tic Ltd, 2013) Dincergok, BurcuThis study investigates the value relevance of earnings and the book value of equity in Turkey over the 2003-2009 period. It also focuses on the effects of the Global Financial Crisis and the negative earnings on the value relevance of the stated accounting values. To do this, a number of manufacturing firms are analyzed using both pooled ordinary least squares and panel data regression analysis. The results of the price models reveal that the value relevance of earnings and the book value of equity declined whereas, for the return models, the value relevance of earnings declined in the Global Financial Crisis period compared to non-crisis periods. Additionally, the results provide evidence that the value relevance of earnings for loss-making firms was lower than profit-making ones. Also, these results do not differ across the sub-sectors of the manufacturing sector.Article Does R&d Intensity Contribute To Technical Efficiency in Turkey?(Bilgesel Yayincilik San & Tic Ltd, 2014) Kalayci, Elif; Pamukcu, M. TeomanThe effect of R&D intensity and R&D spillovers on the technical efficiency of R&D performers has not been examined for the Turkish manufacturing sector. This study investigates whether R&D intensity and R&D spillovers contribute to firms' technical efficiency. Employing stochastic frontier analysis, we use micro-level data for 2003-2007 R&D performers. We find that neither R&D intensity nor R&D spillovers exert a statistically significant effect on the technical efficiency of low-tech R&D performers. On the other hand for high-mid tech R&D performers R&D spillovers are found to affect technical efficiency of positively. Subcontracting work and having a large market share are also positively related with technical efficiency.
