Show/Hide Menu
Hide/Show Apps
Logout
Türkçe
Türkçe
Search
Search
Login
Login
OpenMETU
OpenMETU
About
About
Open Science Policy
Open Science Policy
Open Access Guideline
Open Access Guideline
Postgraduate Thesis Guideline
Postgraduate Thesis Guideline
Communities & Collections
Communities & Collections
Help
Help
Frequently Asked Questions
Frequently Asked Questions
Guides
Guides
Thesis submission
Thesis submission
MS without thesis term project submission
MS without thesis term project submission
Publication submission with DOI
Publication submission with DOI
Publication submission
Publication submission
Supporting Information
Supporting Information
General Information
General Information
Copyright, Embargo and License
Copyright, Embargo and License
Contact us
Contact us
Relationship between financial development and logistics performance and their effects on the competitiveness: an empirical cross-country study
Download
index.pdf
Date
2017
Author
Özdemir, Levent
Metadata
Show full item record
Item Usage Stats
534
views
271
downloads
Cite This
Well-functioning financial system efficiently produce information about possible investments to allocate capital, monitor firms after allocating capital, facilitate risk management, mobilize savings and ease the exchange of goods/services. These services significantly affect the countries’ efficiency of logistics which is backbone of trade. As financial development enables the logisticians to access various financial products and services to finance capital assets, working capital and inventory; to insure or help to hedge various risks/uncertainties; and to ease exchange of goods, services and information. In turn, increased logistics performance boosts global competitiveness of the country. Although theory postulates this chain linkage, the empirical studies examining the relationship is limited. In this study we simultaneously test whether the countries’ governance quality and superior financial development lead to better logistics performance, in turn result in higher global competitiveness by using PLS-SEM method. The results support the conceptual relationshipsby reflecting that each hypothesis in the model is significant at 1% level. That is, governance quality positively affects financial development, logistics performance and global competitiveness. Likewise well-functioning accessible and efficient financial institutions and markets have significant and positive contribution to logistics performance of countries. Lastly, the higher logistics performance spurs global competitiveness of countries. Additionally, the results indicate that financial depth has the largest effect on logistics performance; where financial access has the largest effect on global competitiveness.
Subject Keywords
Finance.
,
Logistics.
,
Business logistics.
,
Industrial management.
,
Economic development.
URI
http://etd.lib.metu.edu.tr/upload/12620900/index.pdf
https://hdl.handle.net/11511/26389
Collections
Graduate School of Social Sciences, Thesis
Suggestions
OpenMETU
Core
The Nature of financial innovations : a post-Schumpeterian analysis
Bulgurluoğlu, Pelin; Akdere, Çınla; Department of Economics (2013)
This thesis analyzes the nature of financial innovations by taking a post-Schumpeterian approach. The aim of this thesis is to show that Schumpeter’s analysis of entrepreneurial innovation, which takes place in the real economy, proposes also a theoretical framework for understanding the dynamics of financial innovations. Therefore, it suggests that Schumpeterian notion of innovation can be used as a guide in analyzing the dynamics of financial innovations today. In this respect, through the analysis of fin...
Empirical comparison of portfolio risk diversification algorithms
Yerli, Çiğdem; Kestel, Sevtap Ayşe; Schindler, Nilüfer; Department of Financial Mathematics (2018)
The enhanced correlations during global financial crisis has revealed that simple asset allocation portfolios prove to be not well-diversified across different risk factors, which makes the risk based asset allocation strategies popular. However, the strategies still construct the risk concentrated portfolios due to the correlation among the asset classes. As a result, risk allocation among uncorrelated risk factors instead of risk allocation among asset classes have become widely used. This thesis aims to di...
EXAMINATION OF BOND RISK PREMIA FROM THE BANKING PERSPECTIVE
Orhan, Selim; Danışoğlu, Seza; Department of Financial Mathematics (2022-5-10)
Banks are considered as the marginal and sophisticated investors of financial markets. This is evident in the Haddad and Sraer (2020) study that examines the US government bond excess returns. This study extends the Haddad/Sraer analysis to the Turkish government bond market. According to the forecasting results, exposure ratio provides explanatory power over bond excess returns, especially for longer maturities. On the other hand, output gap and industrial growth present strong in-sample forecasting power ...
Analyzing the profit efficiency of the Turkish banking sector after the BRSA restructuring program in 2001: an empirical study using stochastic frontier approach between the years of 2002-2009
Hatunoğlu, Hande; Akbostancı Özkazanç, Elif; Department of Economics (2012)
This thesis analyzes the profit efficiency of the Turkish banking sector after the restructuring program by using Stochastic Frontier Approach. 28 banks are included in the analysis and the data belongs to the period 2002-2009. Profit efficiency scores of 28 banks are estimated by SFA. When the efficiency scores are analyzed according to the ownership status, profit efficiency scores of the state owned banks are found higher than other bank groups. Moreover, according to the asset size, large scale banks’ p...
Modelling and implementation of local volatility surfaces
Animoku, Abdulwahab; Yolcu Okur, Yeliz; Uğur, Ömür; Department of Financial Mathematics (2014)
In this thesis, Dupire local volatility model is studied in details as a means of modeling the volatility structure of a financial asset. In this respect, several forms of local volatility equations have been derived: Dupire's local volatility, local volatility as conditional expectation, and local volatility as a function of implied volatility. We have proven the main results of local volatility model discussed in the literature in details. In addition, we have also proven the local volatility model under ...
Citation Formats
IEEE
ACM
APA
CHICAGO
MLA
BibTeX
L. Özdemir, “Relationship between financial development and logistics performance and their effects on the competitiveness: an empirical cross-country study,” Ph.D. - Doctoral Program, Middle East Technical University, 2017.