Browsing by Subject "Investments--Turkey."

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    An analysis of foreign investment in Turkey
    (1993) Dilek, Ali Nihat
    This study attempts to clarify two important subjects on foreign capital in Turkey. First one is a comparison of the performance of firms with foreign capital and firms with domestic capital. And second one is trend and distribution of foreign capital entry. Four different point of view are considered, namely historical development of foreign capital in Turkey, distribution of foreign capital between sectors and countries, comparison of performance of foreign and domestic owned firms, finally determination of labor productivity differences between foreign and Turkish owned firms. An increasing trend in the annual entries of foreign capital is reported in this study. Moreover it is found out that tourism, basic chemicals, petroleum, rubber, iron and steel, mining and metal goods are highly preferred sectors. In addition, it is seen that foreign owned firms have higher performance than their domestic rivals. Six economic parameters namely labor productivity, capital-labor ratio, wage level, wage share of value added, profitability and value added-capital ratio are used in this comparison. Most of the selected samples are indicating a higher performance by the foreign owned firms than their domestic rivals.
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    Application of Markowitz mean variance model in the Istanbul Stock Exchange
    (1998) Çetin, Batu
    This main objective of this research work is to determine the efficient portfolio and construct the efficient frontier regarding the whole set of 129 stocks that have been traded in the ISE during the 1992 - June 1995 period. The analysis is based on the Markowitz’s Mean Variance Portfolio Selection Model that has been devised by Harry Markowitz in 1952. The Markowitz’s model is a quadratic optimization model that proves hard to implement as the number of data incorporated into the model increases. Hence, for the implemetation of the Markowitz’s model for the 129 stocks, a program code has been written on GAMS, a special software package for the solution of quadratic optimization problems. The study is concluded by measuring the perforaiance of the efficient portfolio constructed by utilizing the Sharpe’s index performance measurement tool for the June 1995 - December 1995 period monthly data.
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    Application of Markowitz Portfolio Selection Model to Istanbul Stock Exchange, 1990-1992
    (1995) Alkazan, Hande
    In this study, Markowitz Efficient Frontier is constructed by using stock prices in Istanbul stock exchange for the period of 1990-92. This set of efficient portfolios is compared with mutual funds which are randomly chosen for the same period. Comparison is done on the basis of mean-variance criteria. According to the empirical results, chosen mutual funds for the period of 1990-92 are found to be inefficient.
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    Portfolio selection methods: an application to Istanbul Securities Exchange Market
    (1996) Çetin, Mert
    In this study, Modern Portfolio Theory tools are used for constructing efficient portfolios. The Markowitz mean-variance model is presented and calculated for the construction of efficient portfolios from the Istanbul Securities Exchange Market stocks for the 1993-1994 period. The portfolios constructed are compared on the risk and return scales.
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    Project appraisal and financing of industrial investments and an illustration from Turkey
    (1992) Bodur, Çağlayan Şerif
    The purpose of this thesis is to analyse the project appraisal concept and to give an example of a project appraisal process from Turkey. The model in the study is for industrial investments and most appropriate for the objectives of financial institutions.
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    ItemOpen Access