Audit Firm Tenure and Audit Quality Implied by Discretionary Accruals and Modified Opinions: Evidence from Turkey

Accounting scandals and bankruptcies across the world have raised concerns about the financial statement audit quality. Though, prior results documented mixed results, some argue that auditors become more familiar with the client and therefore independence is impaired when audit firm tenure gets longer. Consequently, some regulators set a limit on the number of years an audit firm may audit the same client. This study examines the association between audit firm tenure and audit quality in Turkey. We used three measures to proxy audit quality such as propensity to issue modified audit reports and discretionary accruals determined by two models.  We found some evidence that audit quality does not increase with limited audit firm tenure. Given the additional costs associated with audit switch, it is concluded that there are minimal benefits of mandatory firm rotation. The results of this study will be useful for the regulators who are in charge to improve the audit quality. &nbsp

Health Education Planning in Marketing Perspective Using Conjoint Analysis

DergiPark: 288701trakyaiibfIn this study, it is aimed to determine the relative weights (importance) of the chosen properties of the medical schools according to preferences and demands of the prospective students. The data was collected from the students who attend already a health vocational high school and examined using conjoint analysis approach, a widely accepted method for evaluating multiattribute alternatives in marketing. There are 6 attributes presented to students for taking their view. These school attributes are type (state or private), history (old or new), location (downtown or uptown), hospital ownership (yes or no), duration of education (short or long) and campus life (yes or no). Conjoint analysis was used as the research tool to identify the relative importance of the attributes. The most important factors were found as Campus Life (24.24%), School Type (24.17%) and Duration of Education (23.47%). These factors are followed by the moderate important two factors History (16.11%) and Location (11.70%) where the latter one has slightly lower weight. On the other hand, importance score for factor Hospital Ownership was estimated as 0.31% and surprisingly has no effect on preferring a medical higher school. Results of this research can be took into account by the decision makers and managers of both available and planned to be established medical schools to increase popularity of these institutes

Manufacturing Output in Romania: an ARDL Approach

This paper empirically investigates manufacturing output function for Romania by using the quarterly time series data during the period 2000q1-2013q4. Research variables are manufacturing production index, labor cost index, producer energy price index, interest rate, exchange rate and a time dummy variable measuring the effect of Romania’s participation to European Union. Long-run and short-run elasticities of variables were examined using the bounds testing cointegration method proposed by Pesaran et al. (2001). Results of the analysis show that Romania has a long run cointegration. The dynamic error correction model for Romania is found and subsequently long-run and short-run elasticity coefficients are explored by using ARDL model. It is detected that logs of energy price index, labor cost index and interest rates have a substantial long-run effect on the log of manufacturing production index with respective long-run elasticity coefficients of -0.51% (LNEPI), 0.57% (LNLCI) and -0.05% (for LNINR). Log of exchange rates does not have a long-run effect on the log of manufacturing production index. Causality test using the Toda and Yamamoto (1995) Granger non-causality procedure was employed in order to examine Granger causalities between variables and unidirectional Granger causalities as (LNLCI→LNMPI) , (LNINR→LNMPI), (LNEXR→LNINR) and (LNEPI→LNMPI) are detected. CUSUM and CUSUMSQ stability tests on hypothesized manufacturing output function were also implemented. DOI: 10.5901/mjss.2014.v5n22p34

Determinants of economic growth in G20 countries : a panel data approach

During last 10 years some G20 countries had economic instability. They have short and long term challenges such as unemployment, population ageing, globalization etc. In this study it is aimed to analyze macroeconomic indicators of G20 countries’ economic growth using panel data approach. Static linear panel data models were used for determining the effects of independent macro-economic variables on gross domestic product (GDP) of G20 countries including Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, Republic of Korea, Turkey, the United Kingdom and the United States of America. While dependent variable of analyze is gross domestic product (volume), the independent variables are current account balance, general government gross debt, general government revenue, general government total expenditure, gross national savings, inflation (average consumer prices), population, total investment, unemployment rate, volume of exports of goods and services, volume of imports of goods and services. The analysis proposed is based on a panel data (cross sectional time series data) approach. The dataset of this research involves 18 (unemployment rate variable of India was not available on our data set, therefore India was excluded from analysis) of G20 members (cross sectional units). The effects of 11 macroeconomic indicators on gross domestic product volume were examined by using panel data series. The findings of this paper would help G20 countries and investors for creating more effective macroeconomic strategies. For the government side, future rises, falls, and turning points of the macro indicators puts into perspective the effects of government policy created to deal with them. For the investors’ side, future values might increase the possibility of diligent investor in the financial market.peer-reviewe

Toplam kalite yönetimi ve elektronik ticaret: uygulamadan bir örnek

Son yıllar içerisinde hızlı gelişme göstermesi ve ticaret hacmi ile, gerek kurum ve kişiler arası ve gerekse kurumlar arası işlerin gerçekleştirilmesinde önemli bir oranda pay sahibi olarak karşımıza 'E-Ticaret' kavramı çıkmaktadır. Modern yönetim ve kalite anlayışı tüm sektör ve organizasyonlarda olduğundan ve 'E-Ticaret' kavramı da organizasyon içerisinde yer bulduğundan, bu konu üzerine yapılacak çalışmaları da yönetim ve kalite anlayışının içerisine dahil etmek gerekliliği ortaya çıkmaktadır. Toplam Kalite Yönetimi, kendi felsefesi içerisinde değişimi barındırır. Bu yaklaşım, enformasyon çağını yaşayan toplum için organizasyon yapısını yeniden gözden geçirmeye ve yenilemeye olanak tanır. Toplam kalitenin unsurları arasında, kalitenin ölçümü, toplam katılım, müşteri odaklılık ve iletişime dayalı bir süreç vardır. Bu değerler, e-ticaret topluluğunun gelişimine öncülük edebilir. Tamamen toplam kaliteye dayalı bir e-ticaret modeli sağlayabilmek için bazı zorlukların aşılması gereklidir. We meet the concept of 'e-commerce' developing recently and processing both inter institutions and inter persons as a big shareholder. Due to the fact that modern management and quality perspective is effective on whole sectors and organizations and the concept of 'e-commerce' is valid in the organizations,the studies about this subject must be defined with regard to management and quality. Total quality management means change in philosophy.This definition provides us revising the structure of organization for the society living the age of enformation. The components of total quality management are measurement of quality,total attendance,focusing on customers and a process leaning on connecting.These values may lead to development of e-commerce.Some dificulties must be solved to provide an e-commerce model leaning on total qualit