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INDEXED PUBLICATIONS37
CROSSREF CITATIONS124
CROSSREF · CITED PUBLICATIONS75.7%
CROSSREF · MEAN CITATIONS3.35

Crossref citation coverage: 37 / 37 publications (100.0%). Latest observation: 21 Oct 2026, 00:14 UTC. Means and percentages use records with known counts.

Research collection

37 publications

JOURNAL ARTICLE

The impact of internal control system effectiveness on store performance in the retail media sector in the age of sustainability: Case of D&R store

Adnan Tekneci · Tamer Aksoy

International Journal of Business Ecosystem & Strategy · 2026

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This study mainly aimed to examine the impact of the effectiveness of the internal control system on store performance through the example of D&R Store in the retail media sector in Türkiye.  In the study, it was investigated whether the effectiveness of the internal control system has a significant and positive effect on the perception of store performance through the COSO internal control components. It was also investigated whether these perceptions differed according to demographic characteristics. Methodologically, a descriptive online survey method including a questionnaire prepared in accordance with the 5-point Likert scale was used to collect data. 302 employees responded to the survey included statements regarding demographic characteristics and COSO’s main internal control components. The data were analyzed with SPSS-22. The study concluded that all COSO internal control components (control environment, risk assessment, control activities, information-communication, monitoring) have a positive and significant effect on store’s performance perception. Furthermore, the study revealed that these perceptions differed according to demographic characteristics. While statistically significant differences in perceptions were found according to demographic characteristics such as gender, job position, and years of professional experience, no significant differences were found based on demographic criteria such as age and educational level. The study is considered to contribute to the literature because it is the first study to investigate the impact of the effectiveness of the COSO internal control system components on store performance together with the example of D&R Store in the retail media sector. The study is limited by the selected sample store, number of participants, survey questions-answers, the applied statistical analysis methods and tests. Therefore, in order to reach more general results, it is suggested to expand the studies with more diverse and larger numbers of stores in the retail media sector, employees, survey questions and statistical methods.

DOI 10.36096/ijbes.v7i6.11440 Crossref citations0 OpenAlex citations
JOURNAL ARTICLE

The mediating role of employee happiness in the effect of paternalistic leadership on work engagement: an application on employees of a catering company

Murat Durgun

International Journal of Business Ecosystem & Strategy · 2025

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In today’s business world, where technology and competition are intensely experienced, one of the most essential factors for organizational success is the establishment of healthy and harmonious relationships between managers and employees. In this context, paternalistic leadership refers to managers approaching their employees with the same care and protection that a father shows to his children, while employees willingly embrace this attitude. Such an approach can have significant effects on employees’ performance, commitment, job satisfaction, work engagement, and overall happiness. The primary purpose of this study is to examine the mediating role of employee happiness in the effect of paternalistic leadership on employees’ work engagement. The research population consists of all employees (N=1120) of Bortar Group Catering operating in ?zmir, while the sample comprises 428 participants who voluntarily completed the survey. The data were analyzed using the SPSS 23 statistical software. The findings aim to reveal how paternalistic leadership influences employees’ work engagement and whether happiness serves as a mediating factor in this relationship.

DOI 10.36096/ijbes.v7i4.10420 Crossref citations0 OpenAlex citations
JOURNAL ARTICLE

Efficient bankruptcy prediction and its role for a more resilient Alpine tourism

Alexander Plaikner · Marco Haid · Marcus Tänzel · Hüseyin Yağızhan Kol

International Journal of Business Ecosystem & Strategy · 2025

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This paper examines the impact of selected variables on the value creation of tourism enterprises in Western Austria (Salzburg, Tyrol, and Vorarlberg) with the objective of developing an insolvency prediction model for Alpine tourism businesses. This study specifically highlights practical applications for business owners, policymakers, and financial institutions, providing strategies to mitigate bankruptcy risks in the tourism sector. The objective of this study is to address existing gaps in the literature regarding the early detection of insolvency in the tourism sector, particularly in German-speaking regions. To this end, a hybrid analytical method is employed, combining quantitative statistical approaches with sector-specific contextual analysis. A dataset comprising tourism firms was divided into two groups, namely solvent and insolvent, with a view to identifying significant explanatory variables influencing insolvency risks. The primary findings indicate that enterprise size, company age, and debt levels (as indicated by the equity ratio) are significant risk factors for insolvency. Furthermore, the results suggest that small and medium-sized enterprises (SMEs) are particularly vulnerable to financial crises. Finally, the findings demonstrate that macroeconomic structures and sectoral effects significantly impact insolvency probabilities. These findings emphasise the necessity for the development of early warning systems that are tailored to the specific requirements of SMEs in Alpine tourism.This research is particularly pertinent in light of the rising insolvency rates in the tourism industry and the lack of comprehensive official statistics, which impede effective crisis management. By addressing these challenges, the study contributes to the development of targeted risk management and intervention strategies to enhance the resilience of tourism enterprises in the region.

DOI 10.36096/ijbes.v7i1.7160 Crossref citations0 OpenAlex citations
JOURNAL ARTICLE

The critical role of uncertainty intolerance on the relationship between spiritual intelligence and artificial intelligence anxiety

Züleyha Afra Beder · Aygul Donmez-Turan

International Journal of Business Ecosystem & Strategy · 2025

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Artificial intelligence (AI) is a rapidly developing technological development that helps individuals in many areas. However, this progress is met with different reactions from individuals. The paper aims to investigate the associations among the concepts of spiritual intelligence, intolerance of uncertainty and AI anxiety. Furthermore, mediating role of intolerance of uncertainty on the relationship between spiritual intelligence and AI anxiety is another aim to examine in this study. In order to measure the mentioned variables, data was collected from 382 white-collar employees using survey method. We conducted explanatory and confirmatory factor analyses to control validity, and Crombach Alpha values to control reliability of the scales. Findings represented that each scale was valid and reliable. After that measurement model and structural equation modelling was conducted for model testing. The results represented the significant relationship between spiritual intelligence and intolerance of uncertainty, between uncertainty tolerance and AI anxiety (also its dimensions). In addition, findings showed that intolerance of uncertainty fully mediates the relationship between spiritual intelligence and learning of AI anxiety, also between job replacement of AI anxiety. Furthermore, results presented that intolerance of uncertainty partially mediates the relationship between spiritual intelligence and sociotechnical blindness and configuration of AI anxiety.

DOI 10.36096/ijbes.v7i1.7223 Crossref citations3 OpenAlex citations
JOURNAL ARTICLE

Industry 4.0 technologies revolutionizing the civil aviation sector: e-services technology adoption in aviation industry

Ya Neneh Awe · Umit Hacioglu · Melike Zehir

International Journal of Business Ecosystem & Strategy · 2025

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Industry 4.0 technologies have optimized efficiency and effectiveness through the manufacture of sophisticated products and services, which result in enhancement of operations, improvement in safety, time, and cost-saving, and have revolutionized operations in almost all industries and have tremendously transformed the aviation sector. This study aims to examine the passenger travel experience with the implementation of e-services before, during, and after trips, from ticket bookings, self-check-in, smart boarding, in-flight services to baggage tracking after flight. Furthermore, the study seeks to identify the modern technologies with which air passengers are familiar or actively use, and to analyze the factors that influence their acceptance of these e-services.  A research model was developed based on the extended Unified Theory of Acceptance and Use of Technology (UTAUT2) and modified to suit the objectives of this study. The study objectives were achieved through a survey, a self-administered online questionnaire from 253 air passengers was obtained, and data was analyzed using SPSS 25 software. The results reveal that performance expectancy, price-value, hedonic motivations, perceived benefits and habit have a positive significant influence on behavioral intention, while social influence, perceived challenges, facilitating conditions and effort expectancy were not supported. The results of the study give insights into how different passengers, different age groups, different geographical locations, and different technological maturity perceive such implementations. This will provide policymakers ideas on how to better manage and enhance e-services.

DOI 10.36096/ijbes.v7i1.7932 Crossref citations2 OpenAlex citations
JOURNAL ARTICLE

The role of quality in airport services in passenger satisfaction at Aden Adde International Airport, Mogadishu, Somalia

Nuh Abdulle Farah · Umit Hacioglu

International Journal of Business Ecosystem & Strategy · 2024

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Service quality is crucial for all service providers operating in the open market across all industries, particularly in the aviation sector, which produces billions of dollars in annual revenue from its services. The level of service quality significantly influences client satisfaction, and conversely, customer happiness reciprocally affects the service provider. In order to attain diverse company objectives, it is imperative to prioritize customer happiness specifically during the process of privatization. The primary objective of this research is to examine the influence of airport service quality on customer satisfaction within the context of a privatized airport. Descriptive and correlation analyses were utilized in the study. A total of 400 questionnaires were administered to passengers who embarked from Aden Adde International Airport as part of the study. Subsequently, the data was subjected to analysis utilizing a statistical software program designed for social science software (SPSS). The results of this analysis revealed a robust and positive correlation between Airport customer services and customer happiness. The study additionally revealed that a significant proportion of the airport's passengers expressed dissatisfaction with the services provided by Aden Adde International airport. 

DOI 10.36096/ijbes.v6i1.4802 Crossref citations2 OpenAlex citations
JOURNAL ARTICLE

Unmasking deception: Exposing the predatory practices of the "Global International Journal of Innovative Research”

Umit Hacioglu

International Journal of Business Ecosystem & Strategy · 2023

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In the pursuit of academic excellence, scholars are dependent on trustworthy journals to disseminate their research and contribute to the collective body of knowledge. However, the academic community is not immune to deceptive practices. This letter highlights the case of the "Global International Journal of Innovative Research," where my name, along with esteemed colleagues, was falsely associated with the editorial board without consent. Despite repeated efforts to address this issue, the journal remains unresponsive. This letter announces our intention to publish an exposé article, meticulously uncovering the fraudulent practices of the journal and its publisher. A subsequent public statement aims to warn the academic community about the deceptive nature of the "Global International Journal of Innovative Research" and emphasizes the collective responsibility of scholars to uphold ethical publishing standards. Through this exposé, we hope to safeguard the integrity of academic pursuit and raise awareness about the risks associated with engaging with predatory journals.

DOI 10.36096/ijbes.v5i4.4691 Crossref citations1 OpenAlex citations
JOURNAL ARTICLE

Adapting social media strategies: a comparative analysis of Turkish Airlines, Qatar Airways, and Emirates before, during, and after the COVID-19 Pandemic

Tatyana Kim · Ali Osman Kusakci

International Journal of Business Ecosystem & Strategy · 2023

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In recent years, the aviation industry has transformed significantly, driven by the increasing importance of digital technologies and social media for communication and marketing. The COVID-19 pandemic accelerated this transformation, posing unprecedented challenges to airlines. The present study investigates how Turkish Airlines, Qatar Airways, and Emirates adapted their social media strategies before, during, and after the pandemic. The research has a threefold focus: (i) assessing pre-pandemic social media strategies, (ii) examining strategy evolution during the pandemic, and (iii) comparing the effectiveness of these strategies before and after COVID-19. By exploring how these airlines leveraged social media to navigate pandemic-related disruptions and maintain vital connections with passengers, this study provides valuable insights. These findings hold significant implications for aviation stakeholders, marketing professionals, and researchers, shedding light on the evolving role of social media in crisis communication and marketing. The study uncovered interesting changes in how airlines use Twitter. After the pandemic, they started using more emojis, and their messages shifted from promoting services to expressing hope during the pandemic and back to promotions afterward. They played with visuals and hashtags. Pricing-wise, they offered discounts for students, different ticket options, and bundled services. In promotions, they focused on being environmentally and socially responsible, user convenience, and specific events. They mainly shared updates on flights, achievements, and travel advice. To engage people, they used quizzes, replied directly to customers, and targeted specific groups. For marketing managers, the study suggests being more customer-focused, emphasizing environmental and social responsibility, offering diverse pricing, celebrating milestones, and creating engaging content. Overall, the findings provide practical insights for adjusting marketing strategies in the ever-changing world of airlines, especially considering the challenges brought by COVID-19.

DOI 10.36096/ijbes.v5i4.4501 Crossref citations1 OpenAlex citations
JOURNAL ARTICLE

Examining the relationship among innovation competencies, management innovation, and organizational performance

Tariq Aziz Tariq · Cemal Zehir

International Journal of Business Ecosystem & Strategy · 2023

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This study was conducted to determine the relationship among individuals' innovative competencies, management innovation, and organizational performance. This quantitative study was conducted with 531 business employees operating in various sectors at national and international levels, and the survey method was preferred as the data collection tool. The developed hypotheses within the scope of the study were tested by using Statistical Package for the Social Sciences (SPSS). As a result, significant findings were obtained in the relationship and impact analysis dimensions among innovation competencies, management innovation, and organizational performance. The results depict that innovation competencies and management innovation have a positive and significant effect on organizational performance (?=0.470, p<0.01; ?=0.503, p<0.01, respectively). Additionally, it was concluded that management innovation has a positive and significant mediating effect on the relationship between innovation competence and organizational performance (?=0.175; p<0.01).

DOI 10.36096/ijbes.v5i4.4550 Crossref citations0 OpenAlex citations
JOURNAL ARTICLE

Optimizing passenger experience: A technological preference analysis in Turkish Airports

Muhammad Humza · Umit Hacioglu

International Journal of Business Ecosystem & Strategy · 2023

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Aviation-oriented companies are continuously seeking innovative approaches to enhance the passenger experience and operational efficiency within the industry. The objective of this study is to evaluate the categorization of passengers' technological preferences in Turkish airports. The objectives of this study are to enhance the understanding of Aviation Companies in Turkey regarding the technology preferences of passengers and their fundamental needs, as well as to analyze the characteristics of passengers that are directly linked to their technological choices.  This study employs purposive sampling with a sample size of 455. Various statistical techniques, such as regression, correlation, and descriptive statistics, are employed to analyze the data. The findings indicate that biometric technology, personal device utilization, customisation and customization, as well as streaming and on-demand entertainment, greatly influence the technological preferences of travelers. Nevertheless, contactless solutions, inflight Wi-Fi, and mobile apps and digital services do not influence the technological preferences of travelers.

DOI 10.36096/ijbes.v5i4.4605 Crossref citations5 OpenAlex citations
JOURNAL ARTICLE

Corporate social responsibility pyramid in Ethiopia: A mixed study on approaches and practices

Sumeyye Kusakci · Ibrahim Bushera

International Journal of Business Ecosystem & Strategy · 2023

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This paper examines CSR approaches and practices of local firms in Ethiopia, where the state is still a key player in business life. Moreover, it assesses at which stage Ethiopian CSR is. This mixed-method study includes quantitative analysis through SPSS and qualitative content analysis. A revised CSR practices scale has been conducted on owners/managers and employees of 100 local companies in Ethiopia. Besides, the companies' official websites have been thoroughly reviewed using five variables to understand their CSR approaches and practices better. The findings reveal that Ethiopian companies practice CSR though it is at the stage of fragmented CSR and the priorities differ from the global trend. Most respondent companies generally have excellent legal practices and CSR practices toward employees and customers. However, philanthropy, social sustainability, and management of CSR are remarkably at a mediocre level. Content analysis shows similarity with the results of quantitative study, to the exclusion of philanthropy. Notably, the hierarchy derived from our research varies also with Visser's CSR model.

DOI 10.36096/ijbes.v5i1.3782 Crossref citations4 OpenAlex citations
JOURNAL ARTICLE

Examining the impact of cargo and ancillary revenues on net profit for full service carrier airlines

Onur Bas · Tamer Aksoy

International Journal of Business Ecosystem & Strategy · 2022

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In this study, the relationships between cargo revenues, ancillary revenues and net profitability of airline companies were examined in the examples of three full-service airline companies (Turkish Airlines, American Airlines, Delta Air Lines). Methodologically, a logarithmic econometric model was used in which cargo revenues and ancillary revenues were included as independent variables and net profit as the dependent variables. The data used for the period 2014Q1-2019Q4 were collected from the annual reports on the official websites of related airline companies and The International Air Transport Association (IATA). EViews 10 and STATA-15 versions, which are the most modern econometric analysis programs that can be used to control the stationarity, were used in the analysis of the data. In addition to econometric analyzes and general statistics, Cross Section dependency tests, CADF second-generation unit root tests, Delta slope homogeneity tests, Panel cointegration analysis, Westerlund Panel cointegration tests and Dumitrescu Hurlin Panel Causality tests and Breusch Pagan LM Tests were also performed. The study revealed that there is cointegration between cargo revenues, ancillary revenues and net profit, and there is a one-way causality relationship from both cargo revenues to net profit and from ancillary revenues to net profit. The study also indicated a positive correlation between cargo revenues and ancillary revenues and net profit. In other words, cargo revenues and ancillary revenues have a positive effect on the net profit of airline companies. In addition, the study found that aviation ancillary revenues provide an important resource for airline companies; furthermore, two US companies are among the top three companies with the highest revenues in the world in terms of cargo and ancillary revenues; also showed that Turkish Airlines' ancillary revenues are lower than those of these two US companies. On the other hand, the study showed that the contribution of Turkish Airlines cargo revenues to net profit is much higher than the other two companies.

DOI 10.36096/ijbes.v4i3.3303 Crossref citations3 OpenAlex citations
JOURNAL ARTICLE

Covid-19 and ISO9001 practices in air cargo transportation

Mehmet Sıtkı Saygılı · Gulnur Altunok

International Journal of Business Ecosystem & Strategy · 2021

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Air cargo transportation in international trade stands out with its speed, reliability, safety, interaction with other transportation types, intensive use of information technologies, and global standards. During the Covid-19 pandemic, various negativities have emerged in air cargo transportation, as in many sectors. In this study, the difficulties caused by the Covid-19 pandemic in air cargo transportation business processes are evaluated within the scope of the ISO9001 Quality Management System standard so that they do not adversely affect the service quality. In this context, a case study was conducted on the implementation of the ISO 9001 Quality Management System standard in dealing with the difficulties arising from the pandemic in the cargo operations of an air transportation company. As a result of the implementation, the cargo ecosystem has been expanded, the carrying capacity has been increased, and the storage and cargo transportation efficiency has been increased by making use of information and communication technologies. Thus, it was easier to overcome the difficulties arising from the pandemic in the business processes of the company, and it was seen that sustainability in line with commercial expectations was ensured by rising to fifth place in world air cargo transportation in 2020.

DOI 10.36096/ijbes.v3i3.2650 Crossref citations0 OpenAlex citations
JOURNAL ARTICLE

A theoretical analysis on a peace culture model in the workplace

Mahmut Arslan · Hilal Dermirel · Havva Kokaraslan

International Journal of Business Ecosystem & Strategy · 2021

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This study aims to develop a theoretical approach to define the culture of peace and its dimensions in the workplace based on De-Rivera’s peace culture dimensions at the international level. This study offers an organizational model in the workplace and it needs empirical tests in further studies. This paper is an attempt to develop a theoretical framework for peace culture in the workplace. Peace culture will be analyzed in four underlying dimensions: liberal development, violent inequality, state use of violent means, and nurturance. This study transfers De Rivera’s peace culture dimensions into the organizational level, and it is assumed that peace culture in the workplace could be a remedy for a harmonious and peaceful workplace. Peace culture in the workplace is also expected to be a beneficial factor to employees’ behavior, job performances, and organizational commitment as well as work outcomes. In a conclusion, it is expected that this study fills the gap in the literature and will have a leading role for further studies

DOI 10.36096/ijbes.v3i2.2541 Crossref citations1 OpenAlex citations
JOURNAL ARTICLE

Assessing the future prospects for cryptocurrencies

Hatice Karahan

International Journal of Business Ecosystem & Strategy · 2021

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Cryptocurrencies are attracting considerable attention around the world because of the various advantages that they offer. On the other hand, they also carry some inherent risks. Although monetary authorities broadly agree that cryptocurrencies do not engender an immediate threat to national and global financial systems, the future is full of unknowns. In this regard, drawing a framework based on the current drivers of demand for cryptocurrencies would help visualize the prospects for these assets and create a roadmap to avoid or manage any disruptive risks. This discussion paper aims to contribute to the literature by examining the key factors that will determine the future performance of cryptocurrencies. The main conclusion derived from the discussion is that national regulations will potentially affect the direction of cryptocurrencies, as well as the need for any special efforts in the domain of monetary policy

DOI 10.36096/ijbes.v3i1.2422 Crossref citations3 OpenAlex citations
JOURNAL ARTICLE

A simulation approach for aircraft cargo loading considering weight and balance constraints

Erdem Agbas · Ali Osman Kusakci

International Journal of Business Ecosystem & Strategy · 2021

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Air cargo transport is a growing industry in parallel with the growth in world trade and e-commerce. The global air cargo transport traffic getting busier, the importance of timely loading with minimum error is increasing. Therefore, digitalization of the air cargo loading process is needed. Assignment of Unit Load Devices (ULDs) to the specific positions on the freighter is performed by loadmasters by manual or semi-manual methods. This study aims to design a simulation model, which performs the ULD assignment automatically by simulating the loading process performed by the experienced loadmasters under the weight and balance constraints. The SEMMA (sample, explore, modify, model, assess) model is used while generating the simulation model. Fifty real-world loading orders were used to assess the performance of the model. The ULD assignment process by the simulation model and the loadmasters using semi-manual loading were compared with regard to time and center of gravity performance indicators. The results demonstrated that the simulation model can load all the given sets of ULDs, as efficiently as a loadmaster with a similar center of gravity in a shorter period of time. In conclusion, the proposed simulation model provides an efficient solution to the ULD assignment problem. However, the base model generated may be improved to address various real-world scenarios

DOI 10.36096/ijbes.v3i1.2452 Crossref citations2 OpenAlex citations
JOURNAL ARTICLE

Examining the relationship between burnout and job satisfaction of flight crew

Engin Ozel · Umit Hacioglu

International Journal of Business Ecosystem & Strategy · 2021

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Fatigue as an emerging flight safety issue in the aviation industry requires an elaborate understanding and critical approach for proactive aviation management practices. The level of flight crew stress and fatigue must be critically managed to prevent flight accidents. Additionally, stress and fatigue have a negative influence on job satisfaction levels. This paper aims to examine the critical fatigue risk factors that affect the performance and safety of airline pilots and crew in the aviation industry. This paper also analyses the relationship between burnout and job satisfaction sub-dimensions. A factor analysis with a target population of 254 international flight crew has been conducted using the Minnesota Job Satisfaction Survey and Maslach Burnout questionnaire. The main findings of the study demonstrate that (i) cockpit and cabin crews’ job satisfaction and performance have been affected by stress and fatigue, (ii) psychological depression, anxiety and personal problems of the flight crew are the main causes of emotional fatigue, (iii) extensive flight hours and dealing with problematic passengers increase flight crew fatigue, (iv) personal achievements concerns and depersonalization increase flight crew fatigue.

DOI 10.36096/ijbes.v3i1.24618 Crossref citations21 OpenAlex citations
JOURNAL ARTICLE

The role of employer brand practices in human resources management in job applications on company preference

Abdullah Turk · Pelin Vardarlier · Muhammet Ali Hazar

International Journal of Business Ecosystem & Strategy · 2020

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Employer branding is an important issue that businesses cannot neglect, as it is the process of creating a brand for employees and potential candidates. Especially with the development of technology, it has become easier to reach many resources. However, it has always been more difficult to reach talented human resources. At this point, discovering, attracting, and working with talented employees for a long time has attributed a key role to the employer brand. In this direction, the aim of the study is to investigate the roles of employer branding practices in attracting talents to the company in job applications. Content analysis, which is a qualitative analysis method, was used in the study. Maxqda 20 software program was used to access the findings of this analysis. In the research findings, it was seen that concepts such as reputation, communication, awareness, and the concept of Employer Brand were used together intensively. As a result of the research; It has been understood that businesses that want to attract talented employees to the company use the employer brand and communicate effectively with the external environment. It has been seen that this interaction supports the corporate reputation and this has played an important role in increasing the awareness of the company and in the preference and reliability

DOI 10.36096/ijbes.v2i4.2213 Crossref citations4 OpenAlex citations
JOURNAL ARTICLE

The evaluation of common contemporary occupational accident models using two accident investigations

Zeynep Sagir · Ertugrul Tacgin

International Journal of Business Ecosystem & Strategy · 2020

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The purpose of this paper is to compare three contemporary accident causation models, namely the Swiss Cheese, HFACS, and Fu (2018) Model-based on two accidents existing in the literature. The accidents reviewed are a mine explosion accident and an electrical plant accident. In this way, the validity of the models can be evaluated and weaknesses and strengths revealed. This study discussed the advantages and possible limitations of these models, and according to this discussion, all these models include human and organizational factors and have been found scientific and systematic. According to the results, Fu (2018) and HFACS are more modern, since they were developed based on Swiss Cheese. The product of this research will be a recommendation for safety investigators and accident inspectors which way to turn when choosing the most applicable accident analysis method

DOI 10.36096/ijbes.v2i4.2291 Crossref citations1 OpenAlex citations
JOURNAL ARTICLE

Assessing financial risk management in local governments

Tamer Aksoy · Yunus Emre Asan

International Journal of Business Ecosystem & Strategy · 2020

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The purpose of this study is to examine the impact of the financial risks local governments are exposed to within the scope of financial risk management practices. Istanbul Metropolitan Municipality (IMM) was selected for this study because it is the largest local government with the highest budget. In the study, the development of financial risk performance of IMM between the years 2008-2018 was examined in the light of the risks IMM is exposed to. The main results regarding the risks faced by IMM during the period are as follows: Financial data obtained from the financial statements of IMM were used to examine the performance of listed risks& effects they have on the budget of IMM. The results indicate that (i) risk of dependence on shares from the central budget revenue; (ii) IMM was directly dependent on the central budget in terms of revenues, so in this period, the risk of dependency was high in terms of counterparty risk.

DOI 10.36096/ijbes.v2i4.2311 Crossref citations2 OpenAlex citations