Purpose - The study investigates how the 2017 Gulf crisis reshaped Qatari-Turkish relations, transforming them from cordial cooperation into a robust strategic alliance. It examines the political, military, and economic implications of Turkey'ssupport for Qatar during the blockade, and how this...

On 8 December 2024, the Assad regime in Syria was overthrown by a rebel alliance led by Hay'at Tahrir al-Sham (HTS). The collapse of the family dictatorship was made possible by shifts in regional and international power dynamics. Key factors included Turkish support for the rebels, the...

The techno-geopolitical rivalry between China and the United States has intensified in recent years. Turkey's souring relations with the US over the past decade has prevented the former from reaping the spoils of the Sino-US tech war as an American ally. Ankara has its own ambitions in the...

On 8 December 2024, the Assad regime in Syria was overthrown by a rebel alliance led by Hay'at Tahrir al-Sham (HTS). The transitional government under Ahmad al-Sharaa now faces enormous economic, social and political challenges. It has yet to establish control over the country as a whole; and...

In the early 1980s, Turkey took steps towards financial liberalization. Accordingly, policymakers have implemented policies for the development of the financial system. Since then, developments in the banking sector have driven economic growth and met the private sector's demand for funds. The...

Does citizen belief in the non-instrumental principles of the political regime, such as strongman leadership, patriotism, or attachment to a charismatic leader, collectively known as normative support, help stabilize authoritarian regimes? While a large literature recognizes that authoritarian...

Russia's full-scale invasion of Ukraine marked the start of a prolonged confrontation between Moscow and Europe - one that is fundamentally reshaping the parameters of European security. The return of Donald Trump to the White House and his stated intent to quickly end the war in Ukraine and put...

How does international assistance impact public attitudes towards donors in the recipient country when tied to strategic interests? European leaders increasingly highlight the strategic and transactional nature of international assistance. Yet, we still do not know much about how such shifts in...

This paper analyzes Turkey's labor market dynamics from 2006 to 2021 through job flow analysis of administrative data from all non-financial firms registered with social security institutions. We specifically examine how firm characteristics influence employment dynamics over business cycles,...

Is the environment a political issue or is it above politics? Do those who fight for environmental protection, the environmental civil society organizations (ENGOs), see the environment as an issue of politics or prefer to conceptualize it as a post-political phenomenon? In most societies,...

Once viewed by Ankara primarily as a fragmented security frontier, Iraq now sits at the centre of its regional strategy. This recalibration is shaped by shifting regional dynamics in the aftermath of 7 October: the weakening of Iran’s influence across multiple fronts, the Gulf states’ rising...

This study investigates the impact of competition on credit risk in the Turkish banking system, focusing on Islamic (participation) and conventional banking under the same regulatory conditions regarding credit risk. The credit risk model is trained using CatBoost, extreme gradient boosting...

This study aims to examine the attitudes of Turkish physicians towards euthanasia (death) tourism and to investigate the differences in these attitudes according to demographic variables. The questionnaire form prepared was applied to 424 physicians in the Marmara Region, where medical tourism...

This study attempts to reveal whether smart tourism practices in the destination of Istanbul have an impression on destination brand equity (DBE) and destination competitiveness (DC). The sample group of the study consisted of domestic tourists visiting Istanbul. The data were obtained through a...

This study estimates the zero-coupon yield curves for Turkish government nominal bonds from February 2005 to June 2022 using the Nelson-Siegel-Svensson parametric model. We implement a weighting scheme in the objective function, where squared pricing errors are weighted by the inverse of the...

Given the expanding role of green finance in developing economies, this study investigates green banking strategies utilized by Turkish banks as a case study. Data constitutes banks included in Borsa İstanbul's BIST 100 Index as of 2023. Content analysis and purposive sampling methods are...

This study examines the impact of margin loans and accompanying regulatory changes on the underpricing of initial public offerings (IPOs) in Türkiye, with a focus on the wave of IPOs from 2020 to 2023-a period during which the number of IPOs and proceeds from them reached record highs....

This study evaluates how the current Israel boycotts affect Borsa Istanbul. An event study in a 45-day window around October 7, 2023 tests abnormal returns for a value-weighted portfolio of 22 boycotted firms using four models (Market, Market-Return, Constant-Mean, CAPM). All detect a clear...

This study explores how Turkish Generation Z adapts their fashion consumption behaviours in response to economic crises, particularly focusing on involuntary anti-consumerism. Through a qualitative methodology using semi-structured interviews and purposive sampling, the research captures the...

Turkey is not only an important market for German automobiles - it also exports a significant volume of automobiles and components to Germany. Through their integration into German supply chains, Turkish suppliers are making a significant con­tribution to the international competitiveness of...

This study identifies the minimum economic and institutional conditions that candidate countries must meet to ensure macroeconomic stability, sustainable growth, and effective integration into the EU, under a politically accelerated enlargement process. In the area of external accounts,...

In contrast to previous studies that investigated the impact of the investment groups' trading volume on the volatility of the stock index, this research, inspired by behavioral finance literature, aims to evaluate the dynamic bi-directional relationship between the trading behavior of investor...

This study investigates the determinants that drive the volatility of the credit default swaps (CDS) of BRICIT (Brazil, Russia, India, China, Indonesia, and Turkey) nations as a proxy measure for sovereign risk. On the existence of cointegration, an unrestricted error correction model integrated...

This study examines the evolution of sentiment in the sustainability reports of Turkish companies from 2014 to 2023, serving as an indicator of organisational change in response to shifting sustainability regulations. A longitudinal sample of corporate sustainability reports was subjected to...

Tackling an under-explored topic in the scientific literature, with high potential and of societal relevance, the paper aims at investigating the entrepreneurial intentions of Syrian refugees in Türkiye. Drawing from the experience of 50 interviewees, the research reveals a population with...

This study investigates the interplay between bank lending standards and credit scoring behavior of Turkish banks to SMEs. A Logistic Regression Model has been used by employing CBRT bank and firm-level micro data for the 2017Q1 - 2024Q2 period. First, one of the primary findings of the study...

In Türkiye, students are admitted to universities through centralised examinations, which enable them to choose cities outside their residential town. Over the past two decades, Türkiye has expanded higher education by establishing new universities and augmenting the enrollment capacities of...

The techno-geopolitical rivalry between China and the United States has intensified in recent years. Turkey's souring relations with the US over the past decade has prevented the former from reaping the spoils of the Sino-US tech war as an American ally. Ankara has its own ambitions in the...

This study employs machine learning and explainable artificial intelligence to examine the impact of working capital strategies - aggressive, moderate, and conservative - on Tobin's Q and EBITDA (earnings before interest, taxes, depreciation, and amortization), identifying key financial...

Through its Regulatory Consistency Assessment Programme (RCAP), the Basel Committee monitors the timely adoption of regulations by its members, assesses the regulations' consistency with the Basel Framework and examines the consistency of banks' calculation of the prudential ratios across...

The relative performance of an equity fund having a benchmark consisting of one or more indices can be simply calculated by comparing the fund's return with its benchmark's return in given periods. The purpose of this study is to analyze the specific characteristics of funds and investment...

Turkey's geopolitically motivated industrial and supply chain policy implies close ties to Germany as well as a security and economic policy orientation towards the EU. Ankara wants to bring production and sales into line with EU standards and establish a green high-tech and services economy....

The congruence of accounting standards with high-quality financial data constitutes a cornerstone of the institutional frameworks of modern economies. The adoption of International Financial Reporting Standards (IFRS) facilitates greater transparency and comparability in financial reporting,...

Causal evidence on the effectiveness of refugee labor market integration programs remains limited. This report presents baseline findings from a randomized controlled trial evaluating such a program for Syrian refugees and Turkish nationals with limited labor market attachment in Türkiye - the...

This paper examines vertical skills mismatch in Türkiye using a refined measure that adjusts for occupation, age group, sector, and year to isolate genuine education-job misalignment from compositional artifacts. Drawing on nationally representative labor force survey microdata from 2009 to...

This study investigates the presence of the MAX effect, as defined by Bali et al. (2011), in the stock market of Borsa Istanbul, aiming to validate and extend previous findings in international markets. A comprehensive analysis of 439 firms from December 2013 to November 2023 reveals that stocks...

How does international assistance impact public attitudes towards donors in the recipient country when tied to strategic interests? European leaders increasingly highlight the strategic and transactional nature of international assistance. Yet, we still do not know much about how such shifts in...

Family businesses are a significant part of the global economy, yet defining them and understanding their features remains a topic of debate. Despite the suggestion that family ownership may lead to conservative innovation strategies, recent research indicates that family businesses can embrace...