Yılmaz, Mustafa Kemal
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Araştırma projeleri
Organizasyon Birimleri
Yönetim Bilimleri Fakültesi, İşletme Bölümü
Küresel rekabete ayak uydurmak ve sürdürülebilir olmak isteyen tüm şirketler ve kurumlar, değişimi doğru bir şekilde yönetmek, teknolojinin gerekli kıldığı zihinsel ve operasyonel dönüşümü kurumlarına hızlı bir şekilde adapte etmek zorundadırlar.
Adı Soyadı
Mustafa Kemal Yılmaz
İlgi Alanları
Capital Markets, Derivatives Markets, Risk Yönetimi, Kurumsal Finansman, Sürdürülebilirlik
Kurumdaki Durumu
Aktif Personel
7 sonuçlar
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Listeleniyor 1 - 7 / 7
Yayın The effects of a US-China trade war on Sub-Saharan Africa: Pro-active domestic policies make the difference(Elsevier, 2023) Nantembelele, Fatuma Abdallah; Arı, Ali; Yılmaz, Mustafa Kemal; Yönetim Bilimleri Fakültesi, İşletme BölümüThis study simulates the impact of the change in trade policy between the US and China on the trade volume and economic prosperity of Sub-Saharan Africa (SSA). To do that, we employ a Computable General Equilibrium (CGE) model based on the Global Trade Analysis Project (GTAP) with different scenarios focusing on increases in tariffs. The results show that the tariff increases negatively affect the US and China in terms of trade volume and economic growth, while it leads to trade diversion and creation for the SSA. This offers valuable opportunities in improving exports and economic growth, particularly for Ethiopia, Kenya, and Nigeria. On the sectorial level, the findings imply that agriculture, food, and oil and gas sectors are positively affected in terms of export volume, while mineral, metal and service sectors are negatively impacted by the trade war.Yayın Does board demographic diversity affect the dividend payout policy in Turkey?(Emerald Publishing, 2022) Yılmaz, Mustafa Kemal; Khan, Ajab; Aksoy, Mine; Yönetim Bilimleri Fakültesi, İşletme BölümüPurpose – The purpose of this study is to investigate the impact of board demographic diversity on the dividend payout policy in Turkish capital markets. Design/methodology/approach –Using a sample of 67 non-financial companies listed on Borsa Istanbul 100 index from 2013 to 2018, this study examines the influence of board demographic diversity on dividend payout policies in Turkish capital markets. The authors also create a Demographic Board Diversity Index (DBDI) to estimate the composite cognitive diversity. The authors use dividend payment probability, dividend payout ratio, and dividend yield to measure the dividend policy and employ panel logit and tobit regression models. Findings – The results indicate that diversity in nationality, experience and educational background play an influential role in encouraging companies to pay high dividends, while gender, tenure and age diversity are insignificant in affecting dividend payments. The findings also suggest that the DBDI positively affects the companies in formulating the dividend payout policies. Finally, the findings show that the family-owned companies with diverse board members have a negative influence on dividend payment intensity. Originality/value – The results offer valuable insights for companies and policymakers in emerging markets to develop a more refined governance structure accommodating board demographic diversity attributes to mitigate agency conflicts between controlling and minority shareholders through setting up effective dividend payout policies.Yayın Towards sustainable cities: A sustainability assessment study for metropolitan cities in Turkey via a hybridized IT2F-AHP and COPRAS approach(Elsevier, 2022) Yılmaz, Mustafa Kemal; Kuşakcı, Ali Osman; Kuşakcı, Sümeyye; Sowe, Samba; Nantembelele, Fatuma Abdallah; Yönetim Bilimleri Fakültesi, İşletme BölümüAccelerating trends of urbanization enforce the integration of sustainability principles into urban planning in a local scale to foster prosperity for the next generation of cities. This study incorporates fifty-three indicators on economic, social, environmental, and institutional dimensions to develop a Sustainable Cities Index (SCI) and assess the sustainability performance of thirty metropolitans in Turkey over 2010-2018. Turkish metropolitans constitute an appealing case study due to the rapid urbanization within the same time span. To answer how new metropolitans have been doing and whether they perform better than formerly declared metropolitans in Turkey, we propose a novel methodology with three stages that hybridizes Interval Type-2 Fuzzy Analytical Hierarchy Process (IT2F-AHP) and Complex Proportional Assessment of Alternatives (COPRAS). The former captures a high degree of uncertainty due to the subjective weight assignment by the experts, while the latter calculates aggregate scores for 30 cities. Finally, we conduct posthoc analyses to examine the significance of the urbani-zation policies in Turkey on the SCI scores. Thus, the study provides valuable insights into urbanization practices and encourages local administrations to spend more effort balancing the benefits and costs of public policies on sustainability.Yayın Corporate board diversity and its impact on the socialperformance of companies from emerging economies(Wiley, 2021) Hacıoğlu, Ümit; Yılmaz, Mustafa Kemal; Abdallah Nantembelele, Fatuma; Sowe, Samba; Lisansüstü Eğitim Enstitüsü, İşletme Ana Bilim DalıGender diversity, and to a lesser extent cultural diversity, have become a focus of interest as predictors of corporate social performance. Based on a sample of 6150 observations from 1230 companies in 18 emerging economies, this article examines the influence of board cultural and gender diversity on three measures of corporate social performance: workforce, community, and product responsibility. Using structural equation modeling, it shows that the existence of board cultural and gender diversity positively affects the workforce, community, and product responsibility performance of companies. Concerning gender diversity, the results largely support other empirical studies. Our findings also contribute to the under-researched area of cultural diversity. This study adds value to the existing literature on corporate board diversity, and can be used as a guide for companies in their pursuit of diversity.Yayın Nexus between liquid ity risk and credit risk: Evidence from the South Asian region(Henry Stewart Publications, 2022) Yılmaz, Mustafa Kemal; Khan, Ajab; Yönetim Bilimleri Fakültesi, İşletme BölümüThis study investigates the reciprocal relationship between liquidity risk and credit risk and their individual and joint impact on the stability of commercial banks in the South Asian countries, ie Pakistan, Bangladesh and India, from 2004 to 2016. The results reveal that liquidity risk and credit risk have a significantly positive reciprocal and economically meaningful relation-ship. Each risk type individually and jointly negatively affects banking stability. This impact has been more observable during the global financial crisis. The findings provide valuable insights for bank managers and regulatory authorities. Banks should be more concerned about mitigating their liquidity and credit risks by managing more qualified loan port folios and investing in less risky liquid assets.Yayın Moderating role of corporate governance and ownership structure on the relationship of corporate sustainability performance and dividend policy(Taylor & Francis, 2022) Yılmaz, Mustafa Kemal; Aksoy, Mine; Khan, Ajab; Yönetim Bilimleri Fakültesi, İşletme BölümüThe aim of this study is to investigate the influence of corporate governance and ownership structure on the relationship of corporate sustainability performance and dividend policy by using a panel dataset of 79 non-financial companies listed on Borsa Istanbul 100 Index for the years 2014–2020. We employed the panel logit, probit and tobit regression models for the analysis. The results indicate that corporate governance and family ownership significantly and positively moderate the relationship between corporate sustainability performance and dividend policy, while concentrated ownership and institutional ownership do not play a significant moderating role on this relationship. The findings also show that firm-level corporate governance is associated with high dividend payments, suggesting that this institutional mechanism helps reduce agency problems and lead companies to allocate capital more efficiently. The findings provide valuable insights for companies in structuring sustainability activities and shaping dividend policies with regard to ownership structure. It also offers policy prescriptions in emerging markets in the area of corporate financing policies.Yayın Sustainability in full service carriers versus low cost carriers: A comparison of Turkish Airlines and Pegasus Airlines(Springer Nature, 2021) Yılmaz, Mustafa Kemal; Köse, Aslıhan; Yönetim Bilimleri Fakültesi, İşletme BölümüContinuous growth and use of natural resources bring sustainability into question in the aviation industry. Airlines are expected to implement sustainable business strategies to reduce detrimental environmental and social effects in their operations. Strategies in technological improvements may be strong solutions to enhance sustainability. These include environmental-friendly aircraft design, use of alternative fuels, low emission engine design, advanced air traffic management procedures. This study explores how two airlines, Turkish Airlines, as a Full Service Carrier (FSC), and Pegasus Airlines, as a Low Cost Carrier, have addressed sustainability in their business models over the period of 4 years (between 2014–2018). The results reveal that both companies have performed well in the strategic integration of sustainability by substantially investmenting in new fleet and technological advancements, that aimed at reducing emissions and fuel consumption. While Turkish Airlines has publicly available policies and regularly publishes sustainability reports transparently disclosing its progresses, Pegasus Airlines does not follow similar approach in addressing and communicating its sustainability activities to the shareholders and stakeholders. Thus, Turkish Airlines’ strategies leans more strongly towards sustainability than Pegasus Airlines.
