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This survey paper presents an extended literature review of strategic communication and persuasion. The goal is to provide a systematic categorization of the different approaches in the literature, accompanied with the discussions of the pioneer and leading papers as well as the frontier research in each of the categories.

The purpose of this paper is to offer guidelines for student placement mechanisms used in exchange programs which belong to the class of problems that deals with matching students with seats in schools. By considering the case of the mechanism applied at Bogazici University in placing outgoing students as a part of the ERASMUS program, the paper discusses a set of characteristics that a placement mechanism is intended to satisfy. The study also proposes policy recommendations, and shows how the current system can be improved by simulating actual data of the 2009-2010 exchange market for outgoing Bogazici University students. The paper ultimately aims to introduce a methodology that can be profitably used in designing mechanisms applicable to all exchange programs.

In this paper we analyze a three-period dynamic investment model where a principal interacts with an agent who is time-inconsistent. We use βδ-preferences to capture time-inconsistency. In every period, the agent invests an amount and then the principal, observing the investment amount, makes an offer or not; finally the agent accepts the offer or not. For both the sophisticated agent (who is aware of his inconsistency) and the naive agent (who is not aware of his inconsistency), we find the optimal investment streams. The difference in their information set is causing them to finalize the game at different periods or to attain different levels of investments. We found that the naive agent ends up investing a higher (or equal) overall amount than the sophisticated agent, and thus the principal is (weakly) better off with a naive agent.

Genel olarak gelişmekte olan piyasalarda faaliyet gösteren şirketlerin kurumsallaşma düzeyi ve kurumsal yönetim yapısının az gelişmiş olması nedeni ile gelişmiş piyasalardaki şirketlere kıyasla finansal sıkıntılara daha duyarlı olduğu kabul edilmektedir. Holding şirketlerinin gelişmekte olan bir piyasada faaliyet göstermenin dezavantajlarını göz önüne alarak bağlı şirketler üzerinde etkin bir yönetim yapısı kurması gerekmektedir. Bu çalışmanın amacı gelişmekte olan bir piyasa olan Türkiye'de faaliyet gösteren holdinglerin sermaye yapısı ile bağlı şirketlerin kurumsal performansı arasındaki ilişkiyi 2008-2013 dönemi için incelemektir. Çalışma inceleme dönemini 2008-2010 kriz dönemi ve 2011-2013 dönemi olmak üzere ele almaktadır. Uygulanan ANOVA testi bir holdinge bağlı olarak faaliyet gösteren şirketlerin finansal performansının, şirket değerinin ve innovasyon yeteneğinin bir holdinge bağlı olmayanlara göre daha iyi olduğunu göstermiştir. Regresyon testi ise holdingin bağlı şirket üzerindeki kontrol düzeyi ile bağlı şirket değeri arasında hem kriz hem de kriz sonrası toparlanma döneminde pozitif bir ilişki olduğunu göstermiştir. Aynı analiz yönetimlerin profesyonelleşme düzeyi ile bağlı şirketin değeri arasında toparlanma döneminde doğru yönlü bir ilişki olduğunu kanıtlamıştır. Şirket değerine katkı sağlayan bir diğer değişken de yaratıcılık yeteneğidir. It is generally assumed that the corporations in emerging markets are more sensitive to financial distress arising from global crisis than their counterparts in developed countries because of a lower level of institutionalization and governance structure. Parent companies need to build effective corporate governance to overcome the effects of a global economic crisis, considering the drawbacks of an emerging market. The study aims to understand the relation between the capital structure of ultimate parent companies with corporate performance of the affiliates in an emerging market, Turkey, for the period between 2008-2013. The paper divides this period into a pre-economic crisis period of 2008-2010 and a post-economic crisis period of 2011-2013. The ANOVA results revealed that business group affiliates had a higher financial performance and firm value and were more innovative compared to the non-affiliates. The regression analysis showed that the degree of control of the group by the affiliated firm was positively associated with firm value for both the years of crisis and those of recovery periods. The analysis also posits that professionalism in management was positively associated with the affiliates' value in recovery periods. Innovativeness was another variable which contributed positively to value.

People are heterogeneous in the skills by which they turn effort into output. A central question in normative public economics is how to redistribute resources from more- to less-skilled individuals efficiently. In addition to income taxation, this paper considers another policy tool of redistribution by allowing planner to choose the dispersion of skill distribution given the average skill level of the economy. We find that, depending on the parameters of the model, either perfectly equal skill distribution in which all agents have the same skill level, or perfectly unequal skill distribution in which one group has a very high skill level and the rest are completely unskilled, is socially optimal, but an interior level of skill inequality is never optimal. We then provide conditions on the parameters under which perfectly equal and perfectly unequal skill distributions are optimal.

The aim of this study was to investigate the employees’ and managements’ perceptions of the multidimensional structure of marketing culture and its effects on perceived longterm customer satisfaction. The public schools were selected for the study as non-profit service organizations; from them 474 teachers and school principals from 17 schools participated in the field study. Service quality, interpersonal relationships, organization, and innovativeness -- the dimensions of marketing culture -- have significant effects on long-term customer satisfaction. Contributions of the paper may be listed as (1) expanding the marketing culture scale of Webster (1993) by adding several new items to dimensions based on current literature and/or adapting items to the Turkish culture, (2) adapting a services marketing culture scale to non-profit organizations, more specifically to the school context, and (3) developing a single dimensional perceived customer satisfaction scale specifically for school-settings which measure to what extent school personnel consider they satisfy their customers.

The paper investigates the possible cointegration and the direction of causality between various components of capital inflows and economic growth in India. A cointegration test is performed in a vector autoregression (VAR) framework followed by an application of a Vector-Error Correction Model (VECM), Granger Causality test and Impulse response analysis. Bi-directional causality is observed between foreign direct investment (FDI) and economic growth, external assistance and economic growth, external assistance and other capital. Unidirectional causality is observed from foreign portfolio investment (FPI) and other capital to economic growth, and from economic growth to NRI (Non- Resident Indians) deposit.

In this paper, the return performance of insiders of companies listed on the Istanbul Stock Exchange (ISE) from their open market transactions and that of uninformed investors (outsiders) following insider transactions announced to the public are examined by using a portfolio approach. It is found that, depending on the affiliation of the insider with the company, abnormal returns from their sale transactions last over longer periods than their purchase transactions. Furthermore, outsiders can also earn abnormal returns by mimicking sales of affiliated shareholders of a company. Findings of this study imply that the ISE is neither Semi Strong nor Strong Form Efficient.

The purpose of this paper is to discuss the cyber ethnography- also called netnography- as a research tool in understanding and developing insights about virtual consumer communities. First of all, the “community,” “virtual community,” and the “virtual consumer communities” concepts are described. Following them, cyber ethnographic research is examined and the process of a cyber ethnographic research is discussed in details. In this section several research articles using cyber ethnographic method are presented in order to illustrate the research process and to develop a common point of view. In the conclusion, the pros and cons of cyber ethnographic research are discussed.

This paper analyzes the effects of the full deposit insurance system introduced in 1994 on the financial performance of Turkish commercial banks using the experimental design approach. The research findings support the moral hazard hypothesis. The findings indicate that banks subject to moral hazard behavior show significant increases in foreign exchange position risk and deterioration in capital adequacy relative to their benchmark after the introduction of the full deposit insurance system. This excessive risk-taking is related to the moral hazard behavior by commercial banks. The research results indicate that the complete deposit insurance system distorts the incentive structure of commercial banks and thus prevents the proper functioning of the market discipline mechanism and leads to excessive risk-taking.