Table of Contents

Table of Contents
Preface................................................................................................................................................... xx
Acknowledgment................................................................................................................................ xxv
Section 1
Regulation, Performance and Financial Institutions
Chapter 1
Some Important Regulatory and Institutional Reforms in Turkey after 2001 Financial Crisis............... 1
Hamza Kahriman, Celal Bayar University, Turkey
Chapter 2
Kuala Lumpur Stock Exchange Traded Bank Performance with Stochastic Frontiers.......................... 16
Azizul Baten, Universiti Utara Malaysia, Malaysia
Chapter 3
Emotional Intelligence Model for Managers in Turkish Banking Sector and an Application............... 34
Burcu Hacıoğlu, Beykent University, Turkey
Pelin Şahin Yarbağ, Beykent University, Turkey
Ümit Hacıoğlu, Istanbul Medipol University, Turkey
Hasan Dinçer, Istanbul Medipol University, Turkey
Türker Tuğsal, Beykent University, Turkey
Chapter 4
Testing Random Walk Hypothesis in Turkish Foreign Exchange Market............................................. 51
Levent Çıtak, Erciyes University, Turkey
Veli Akel, Erciyes University, Turkey
Murat Çetin, Namık Kemal University, Turkey
Chapter 5
Evaluation of Branch-Based Efficiency in Turkish Deposit Banks: Evidence from PrivatelyOwned Banks......................................................................................................................................... 64
Ümit Hacıoğlu, Istanbul Medipol University, Turkey
Hasan Dinçer, Istanbul Medipol University, Turkey
Özlem Olgu, Koç University, Turkey



Chapter 6
Financial Analysis of Oil and Gas Exploration Companies Operating in Egypt................................... 75
Özlem Olgu, Koc Univeristy, Turkey
Section 2
Selected Topics in Finance
Chapter 7
Fiscal Harmonization or Fiscal Union in Eurozone?............................................................................. 94
Durmuş Çağrı Yıldırım, Namık Kemal University, Turkey
Seyfettin Erdoğan, İstanbul Medeniyet University, Turkey
Ayfer Gedikli, İstanbul Medeniyet University, Turkey
Chapter 8
The Factors Influencing Taxpayers’ Acceptance of E-Taxation System.............................................. 105
Adnan Gercek, Uludag University, Turkey
Tolga Demirbas, Uludag University, Turkey
Filiz Giray, Uludag University, Turkey
Ayse Oguzlar, Uludag University, Turkey
Mehmet Yuce, Uludag University, Turkey
Chapter 9
The Nature of Informal Trade Sector in Zambia and Its Implications for Government’s SMEs
Regulatory Framework........................................................................................................................ 122
Mavhungu Abel Mafukata, University of the Free State, South Africa
Grace Kancheya, University of the Free State, South Africa
Chapter 10
Price Determination in Public Offering and Evaluation Methods....................................................... 144
Ümit Hacıoğlu, Istanbul Medipol University, Turkey
Hasan Dinçer, Istanbul Medipol University, Turkey
Zuhal Akça, Beykent University, Turkey
Chapter 11
Dynamic Relationship between Stock Prices and Exchange Rates in Emerging Markets: 
Evidence from Fragile Five Economies............................................................................................... 166
Veli Akel, Erciyes University, Turkey
SerkanYılmaz Kandır, Çukurova University, Turkey
Özge Selvi Yavuz, Namık Kemal University, Turkey
Chapter 12
Cultures, Leadership Styles and Employee Coping Strategies in African Organizations................... 182
Osarumwense Iguisi, University of Bennin, Nigeria

Chapter 13
An Assessment on Inflation Risk and Its Effects on Business Operations.......................................... 197
Ümit Hacıoğlu, Istanbul Medipol University, Turkey
Hasan Dinçer, Istanbul Medipol University, Turkey
Burcu Parlak, Beykent University, Turkey
Chapter 14
A New Financing Model in Banking Sector: Recommendations for Sukuk and Its Development in
Turkey.................................................................................................................................................. 217
Hasan Dinçer, Istanbul Medipol University, Turkey
Ümit Hacıoğlu, Istanbul Medipol University, Turkey
Banu Kiskac, Beykent University, Turkey
Section 3
Globalization, Financial Development and Economic Growth
Chapter 15
Financial Development and Economic Growth: Panel Data Analysis................................................. 233
Filiz Eryılmaz, Uludağ University, Turkey
Hasan Bakır, Uludağ University, Turkey
Mehmet Mercan, Hakkari University, Turkey
Chapter 16
Economic Development and Its Impact on Turkish Banking Sector................................................... 246
Hatice İpek, Koç University, Turkey
Özlem Olgu, Koç University, Turkey
Chapter 17
How to Measure the Level of Financial Development........................................................................ 260
Sibel Bali Eryigit, Uludağ University, Turkey
Ercan Dulgeroglu, Uludağ University, Turkey
Chapter 18
After The Global Crisis, Is It Globalization or Globalonelization?..................................................... 287
Ayfer Gedikli, İstanbul Medeniyet University, Turkey
Seyfettin Erdoğan, İstanbul Medeniyet University, Turkey
Durmuş Çağrı Yıldırım, Namık Kemal University, Turkey
Chapter 19
Effects of Commodity and Asset Bubbles on Inflation in Indonesia................................................... 308
Iman Sugema, Bogor Agricultural University, Indonesia
Toni Bakhtiar, Bogor Agricultural University, Indonesia

Chapter 20
Causal Relationship between Foreign Direct Investment and Economic Growth: Evidence from
Turkey.................................................................................................................................................. 319
Hasan Bakır, Uludağ University, Turkey
Filiz Eryılmaz, Uludağ University, Turkey
Chapter 21
Foreign Direct Investment, Financial Development and Economic Growth: The Case of Turkey...... 331
Kadir Y. Eryigit, Uludağ University, Turkey
Sibel Bali Eryigit, Uludağ University, Turkey
Chapter 22
Globalization, Financial Development and Income Inequality............................................................ 349
Görkem Bahtiyar, Uludag University, Turkey
Chapter 23
Foreign Direct Investment in the Cement Industry of Turkey: Overall Contribution by
Multinational Businesses and Potential Impacts on the Economy...................................................... 375
Aytaç Gökmen, Çankaya University, Turkey
Compilation of References................................................................................................................ 386
About the Contributors..................................................................................................................... 423
Index.................................................................................................................................................... 431