Search results
1 – 10 of over 1000Sermin Çakici Alp and Neriman Şahin Güçhan
The purpose of this paper is to present a framework of introducing a proper method to document and to analyze conservation process of cultural heritage in Bursa, known as one of…
Abstract
Purpose
The purpose of this paper is to present a framework of introducing a proper method to document and to analyze conservation process of cultural heritage in Bursa, known as one of the UNESCO World Heritage Sites in Turkey and to discuss challenges in use of geographical information systems (GIS) for assessment of a complex data collected and analyzed during different phases of the historic researches.
Design/methodology/approach
A systematic approach is used to understand relations between theoretical and practical processes of heritage conservation in Bursa. Due to the complicated structure of input data, GIS was used as the major tool in illustration of cultural heritage in various spatial scales, while providing connection between different timelines of its urban history. Within this concept, at first, conservation history of cultural heritage in Bursa is briefly described. Second, four stages of the method, used to make reliable and convenient assessment, are given. Finally, facilities and challenges in using this system are discussed in relation with the results achieved.
Findings
As a result of this study, both chronological and spatial distribution of all types of conservation practices are described in related with theoretical and legal aspects. There appear both advantages and limitations in use of GIS, during assessment of input data to understand conservation history of Bursa.
Originality/value
Therefore, it would be possible to see if it is adequate to understand the complicated structure of such kind of overlapped sources in a systematic way of information management system.
Details
Keywords
Tulin Vural Arslan, Selen Durak, Fatma Dizdar Gebesce and Belcin Balcik
The purpose of this paper is to identify the principal factors affecting walkability from the viewpoint of the inhabitants of Bursa. It is intended to discover whether…
Abstract
Purpose
The purpose of this paper is to identify the principal factors affecting walkability from the viewpoint of the inhabitants of Bursa. It is intended to discover whether inhabitants’ conception of factors affecting walkability complies with the factors identified by the authors in regard to literature review.
Design/methodology/approach
Based on several studies about influencing parameters of walkability, three main factors – spatial, social, economic – can be specified affecting the desire to walk by the user. In the content of this study, a conceptual model is developed for the assessment of factors influencing walkability. In this study, two different analysis methods are applied: qualitative approach: observation survey; and quantitative approach: questionnaire survey. By utilizing the conceptual model, a questionnaire is prepared and applied to 200 pedestrians in three streets. Moreover, the questionnaire items were factor analyzed to explore the principal factors affecting walkability from the viewpoint of the inhabitants of Bursa.
Findings
In the literature review part, the factors affecting walkability are defined as accessibility, comfort and use, environmental aesthetics, safety and security and connectivity. However, as a result of the survey applied to pedestrians in Bursa, it has been revealed that the most important factors are “Accessibility,” “Comfort and Use,” “Traffic Safety,” “Crime Security” and “Connectivity,” excluding the factor “Environmental Aesthetics.”
Originality/value
There is a need for studies which assess the factors influencing the walkability in tourism cities in depth. Tourism potential in Bursa, Turkey, has raised since it has been inscribed as a World Heritage Site by UNESCO in 2014. Therefore, walkability became one of the important issues in urban planning decisions for the streets in the historic city center in policies of the local government. The studies that assess the factors influencing walkability and the satisfaction of the pedestrians will open up new visions for urban decision makers. Within the scope of this study, existing historic city center in Bursa has been analyzed in terms of walkability.
Details
Keywords
Osman Sirkeci and Demet Arslan
Street economy is the presentation of commercial, artistic goods, and services in streets, sidewalks, squares, public spaces, and other open spaces, without being bound to a fixed…
Abstract
Street economy is the presentation of commercial, artistic goods, and services in streets, sidewalks, squares, public spaces, and other open spaces, without being bound to a fixed place, by standing or walking. Although there are not many written studies on the street economy and the issue has started to come to the agenda yet, it has made it difficult to provide sources in this field. One of the examples of a micro entrepreneurship in which we encounter in everyday life often comes from street vendors. As micro entrepreneurs, their having having social rights and security is an important issue both for Turkey and also the world. In this context, the purpose of the study is to determine the level of behaviour and attitudes of the citizens living in Amasya and Bursa provinces against – the street economy – the workforce space where society witnesses one-on-one. Research within itself includes the examination of written documents, observation, and interview methods. The information obtained was evaluated based on the questionnaire. Document scanning, survey study and data collection, interviews with street vendors, and citizens living in the provinces were conducted in Turkish and English between 2016 and 2020. The study included 79 people in total, 59.5% from Amasya and 40.5% from Bursa. The obtained data as a result of the research were evaluated through the SPSS statistical program, the findings obtained were interpreted through tables, the results of the two provinces were compared, and various suggestions were made.
Details
Keywords
Yee Peng Chow and Young Han Tan
The purpose of this paper is to examine the influence of the daily growth in confirmed COVID-19 cases in Malaysia and government interventions on the daily returns of financial…
Abstract
Purpose
The purpose of this paper is to examine the influence of the daily growth in confirmed COVID-19 cases in Malaysia and government interventions on the daily returns of financial times stock exchange Bursa Malaysia Kuala Lumpur Composite Index (FBMKLCI) and eight selected Bursa Malaysia sectorial indices for the period January 29, 2020 to March 31, 2021.
Design/methodology/approach
This paper adopts the multivariate generalized autoregressive conditional heteroscedasticity model to determine the effects for the entire study period and four sub-periods, i.e. pre-government intervention, movement control order (MCO), conditional MCO (CMCO) and recovery MCO phases.
Findings
This paper finds no evidence of the effect of the daily growth in confirmed COVID-19 cases on the returns of FBMKLCI and eight Bursa Malaysia sectorial indices for the full study period. However, the former has exerted different effects over the four sub-periods. Sectors that are positively affected for the MCO period are financial services and real estate investment trust. Yet, these sectors are negatively affected for the CMCO period along with the industrial products and services and technology sectors. Sectors that consistently demonstrate statistically insignificant results are construction, energy, plantation and utilities.
Originality/value
This study makes an initial attempt to investigate the influence of the COVID-19 pandemic on the returns of Bursa Malaysia sectorial indices over different phases of government interventions in Malaysia.
Details
Keywords
This study aims to examine the association between corporate governance mechanism and firm performance measured by return on assets (ROA). The question is whether an effective…
Abstract
Purpose
This study aims to examine the association between corporate governance mechanism and firm performance measured by return on assets (ROA). The question is whether an effective corporate governance mechanism is able to increase the firm performance of Bursa and Construction Industry Development Board (CIDB) Klang Valley, Malaysia. The main purpose of this study is the in-depth analysis of the corporate governance mechanism and construction industry Malaysia via Bursa and CIDB.
Design/methodology/approach
Following the primary and secondary data comparative approach, data are collected from 46 listed construction companies and 250 CIDB-registered SMEs for the financial year 2015. Descriptive statistics, Pearson correlation test are reported, and model estimation is performed using logistic regression.
Findings
The empirical outcome shows that the corporate governance mechanism is significant in case of the CIDB Malaysia-registered SMEs. While, it has insignificant impact on firm’s performance for Bursa Malaysia.
Practical implications
This paper offers evidence specifically for Bursa and CIDB Malaysia construction industry. It can also provide guidance to the board of directors for the subscription of shares under the corporate governance measures at Bursa Malaysia. The findings also suggest that CIDB should increase awareness regarding institutional investment to assist the securities market to develop further.
Originality/value
This study gives an indication about corporate governance, specifically for the CIDB-registered SMEs and Bursa Malaysia. It also discusses the matter of firm performance under the light of corporate governance.
Details
Keywords
Miray Gür and Neslihan Dostoğlu
Affordable housing policies in Turkey have reached a new stage over the last decade in the context of the TOKİ model advocated by the government. Housing developed by TOKİ (the…
Abstract
Affordable housing policies in Turkey have reached a new stage over the last decade in the context of the TOKİ model advocated by the government. Housing developed by TOKİ (the Public Housing Administration), the top official agency responsible for affordable housing policies in Turkey, has become so widespread in all cities of Turkey that it involves not only the construction sector but also trade associations and the public in general. In this article, following a general discussion of the demand and supply of housing in Turkey, we evaluate user satisfaction and the quality of TOKİ implementations since 2000 for low- and middle-income groups in Bursa, the fourth largest city in Turkey. Bursa sets an interesting example for the study because of the city's long-term prominence in commerce and its current status as an important industrial city. Massive migrations and unplanned urbanization have resulted in a need for housing for every income group in Bursa, especially for low- and middle-income groups. The emphasis in this study is that, in addition to quantity, quality should be considered in housing production. Furthermore, the implementation of TOKİ should be aimed at developing more habitable and higher-quality environments by considering all socio-cultural and physical factors. It is expected that these evaluations will lead to the development of a more comprehensive affordable housing policy in Turkey..
Details
Keywords
Basiru Salisu Kallamu and Nur Ashikin Mohd Saat
The purpose of this paper is to examine the impact of audit committee (AC) attributes on the performance of finance companies in Malaysia in both period before and after the…
Abstract
Purpose
The purpose of this paper is to examine the impact of audit committee (AC) attributes on the performance of finance companies in Malaysia in both period before and after the Malaysian Code on Corporate Governance (MCCG) was issued in order to determine which of the AC attributes enhances performance of finance companies in Malaysia.
Design/methodology/approach
The population of the study comprises firms listed under finance sector of the main market of Bursa Malaysia. The number of firms listed on the main market of Bursa Malaysia as at the time of data collection (2012) was 822, out of which 37 were finance firms. Since the number of finance companies listed on the main market was only 37, all companies were used as sample for this study. This comprises companies involved in commercial, investment and Islamic banking, insurance, Takaful and other finance-related services. The sample for the period prior to MCCG varies over the period of observation. The number of finance companies in 1992, 1993, 1994, 1995 and 1996 was 36, 40, 44, 47 and 54, respectively. The sample comprises companies in commercial banking, investment banking, Islamic banking, insurance, Takaful and other finance-related services. The sample comprises firms listed on the main board of Kuala Lumpur stock exchange as it was called before the name was changed to Bursa Malaysia. The companies listed under the Ace market are not included due to their small number and because they are subject to different listing requirements. The list of the finance companies for the period 2007-2011 is obtained from the web site of Bursa Malaysia while for the period 1992-1996, the list is obtained from Bursa Malaysia knowledge centre. The observation period for the study covers financial period from 2007 to 2011 which represents post MCCG period while period from 1992 to 1996 represents the period before MCCG.
Findings
The findings suggests a significant positive relationship between independent AC members and profitability while dual membership of directors on audit and nomination committee is significant and negatively related with profitability. The result supports agency theory which suggests that independent directors provide effective monitoring of the management thereby enhancing profitability and reducing possibility for opportunistic behavior by the management and ultimately enhancing performance. In addition, the result indicates that there was significant improvement in corporate governance in finance companies after the MCCG was issued compared to the period before it was issued.
Research limitations/implications
The study focussed only on finance companies listed on Bursa Malaysia. The attributes examined include independence, expertise, experience, executive membership and interlock of directors, future studies could examine other attributes such as internal process of the committee and personal characteristics of the directors. Furthermore, the study used secondary data future studies could use primary data or a combination of primary and secondary data. The study only examined the period before MCCG and after the code was issued, future study could examine the impact of the first and second revision and compare it with period after the first and second revision.
Practical implications
The findings contribute to the literature and the understanding of the influence of AC attributes such as independence and experience of the directors on the committee by showing an association between director independence, expertise, experience and improved performance. Management and board of companies may use the findings to make appropriate choices about AC attributes and governance mechanisms to improve performance particularly with regards to independence, expertise, experience and interlock of the directors.
Social implications
The study has provided policy makers with a better understanding of the various features a AC should have which could be incorporated in future policy formulation in order to safeguard investments of shareholders, protect the interest of various stakeholders and enhance the flow of capital and foreign direct investment into finance companies and the economy in general. Comparison of the result between the pre MCCG and post MCCG period shows an improvement in corporate governance in finance companies after the MCCG was issued. This implies that the initial issue of MCCG impacted positively on the governance of the finance companies.
Originality/value
To best of the authors knowledge the study is the first to examine the attributes of AC in finance sector as a whole and to examine the impact in the period before and after the MCCG was issued.
Details
Keywords
Miray Gür, Yavuz Taneli and Neslihan Dostoşlu
This study aims to measure the quality of life (QoL), using the proposed conceptual model within the context of the interactions between human behaviour and the environment. It…
Abstract
This study aims to measure the quality of life (QoL), using the proposed conceptual model within the context of the interactions between human behaviour and the environment. It aims to research the effect of the control of residents on QoL, and the findings constitute the basis for a discussion on the effects of environmental policies on QoL. Doğanbey in Bursa, which is in close proximity to the Khans (Inns) District, is selected as the study area because it represents an urban transformation implemented according to administrative decisions. QoL measurements in the research reflect people's evaluations, their adaptation to post-transformation environment and the implementation process by means of questionnaires and in-depth interviews. The findings indicate that lack of resident control has an adverse effect on satisfaction and QoL, and that an urban transformation conducted without user participation will fail. In conclusion, the study aims to contribute to decision-making mechanisms within the framework of residents' influence to ensure increased QoL. The intention of the authors is to promote the usage of QoL scale developed for other housing or transformation areas by modifying the questions according to varying geographies and social groups.
Details
Keywords
Noor Suhaida Kasri and Burhanuddin Lukman
The purpose of this paper is to analyze the practice of contra trading in Bursa Malaysia Securities Berhad. Through a critical examination of the practice, it aims to discuss the…
Abstract
Purpose
The purpose of this paper is to analyze the practice of contra trading in Bursa Malaysia Securities Berhad. Through a critical examination of the practice, it aims to discuss the issues from the angles of Sharīʿah and Malaysian common law.
Design/methodology/approach
The paper uses a qualitative research methodology. The information on the practice of contra trading is obtained through the Bursa Malaysia Securities Berhad’s website and literature as well as series of meetings and discussions held with Bursa Malaysia Securities Berhad. In comprehending and dissecting the Sharīʿah and legal issues, classical along with contemporary Sharīʿah literature including local and international Sharīʿah advisory bodies’ resolutions and standards have been referred to. The Sharīʿah analysis of these issues is further supported by reference to the statute and by-laws of Bursa Malaysia Securities Berhad as well as other related legal literature.
Findings
This paper finds that contra trading involves a real sale and purchase of shares; the shares are not taken into the possession of the contra trader, neither physically nor constructively; the liability of shares is not transferred to the contra trader; though the practice of profiting in contra trading may contradict the prohibition on profiting without bearing liability, the permissibility of contra trading could still be argued from the contextual approach of public interest (maṣlaḥah) and needs (hājah); and contra trading is not gambling.
Research limitations/implications
This paper is limited in its analysis to only Sharīʿah and legal perspectives. It does not cover a thorough empirical and quantitative investigation that would measure the extent of the public needs for contra trading and the real benefits that contra trading brings about to the society in the long run. Such studies will further demonstrate whether contra trading deserves a relaxation from the strict Sharīʿah ruling thus affirming the issue of permissibility of contra trading. Moving forward, this paper recommends ways to address the predicaments faced in the contra trading practices as well important research areas that could be taken up in future.
Originality/value
This paper provides an in-depth investigation of the practice of contra trading at the Bursa Malaysia Securities Berhad from the angles of Sharīʿah and common law.
Details
Keywords
Tulin Vural Arslan, Filiz Senkal Sezer and Erkan Isigicok
The aim of this paper is to discuss the reasons behind the attractiveness of shopping malls for young consumers in Turkey and then to determine the attractiveness factors of malls…
Abstract
Purpose
The aim of this paper is to discuss the reasons behind the attractiveness of shopping malls for young consumers in Turkey and then to determine the attractiveness factors of malls for this segment from the consumers' perspective.
Design/methodology/approach
The study was carried out through a survey of 621 young consumers (aged between 12‐24) in three out‐of‐town selected shopping malls in Bursa, Turkey. For a general evaluation of the data, factor analysis is applied. It is considered as a valuable tool to reduce dimension and group different characteristics of young consumers' mall usage.
Findings
The study reveals five mall attractiveness factors from the young Turkish consumers' perspective: retail environment, comfort conditions, socializing in a secure environment, accessibility, leisure. The importance of all these factors for this segment are evaluated with a comparative analysis with the findings of many other studies, analyzing the similar issues in relation to different cultures.
Research limitations/implications
The sampling frame for this research was limited to young consumers in Bursa, Turkey. Study findings, although interesting, are clearly not generalizable to all populations of young consumers or even all Turkish young consumers.
Practical implications
Identifying mall attractiveness factors for young consumers gives a better understanding about patronage motives than when it is applied to the market as a whole.
Originality/value
This is one of the first studies to provide an insight of mall attractiveness factors as identified by young Turkish consumers from the viewpoint of an urban studies researcher, rather than marketing researchers.
Details