New Dynamics in Banking and Finance: 5th International Conference on Banking and Finance Perspectives, Famagusta, Cyprus (Springer Proceedings in Business and Economics)

This volume presents current developments in the fields of banking and finance from an international perspective. Featuring contributions from the 5th International Conference on Banking and Finance Perspectives (ICBFP), this volume serves as a valuable forum for discussing current issues and trends in the banking and financial sectors, especially in light of the global economic challenges triggered by financial institutions. Using the latest theoretical models, new perspectives are brought to topics such as the global financial markets, international banking and finance, microfinance, fintech, and corporate finance. Offering an opportunity to explore the challenges of a rapidly changing industry, this volume will be of interest to academics, policy makers, and scholars in the fields of banking, insurance, and finance. Contents Impact of Ownership Concentration on the Profitability of the Banking Sector: The Case of Turkey 1 Introduction 2 Literature Review 3 Empirical Study 3.1 Purpose, Methodology, and Limitations 3.2 Data Collection Method, Hypotheses, and Models 3.3 Estimation of Models and Findings 3.3.1 Tests Used in Data Analysis 3.3.2 Descriptive Statistics 3.3.3 Correlation Analysis 3.3.4 Variance Inflation Factor (VIF) Test 3.3.5 Heteroscedasticity Control Test 3.3.6 Unit Root Tests 3.3.7 Estimation of the Models 3.3.7.1 ROA and OC Relationship Model Estimation Results 3.3.7.2 ROE and OC Relationship Model Estimation Results 3.4 Evaluation of Findings 4 Conclusion and Suggestions References Leading Indicators of Turkey’s Financial Crises 1 Introduction 2 Literature Review 3 Data and Model Specification 3.1 Identification of “Crisis” and “Crisis Incidence” 3.2 Independent Variables 4 Methodology 4.1 Stepwise Regression 4.2 Probit and Logit Models 5 Empirical Analysis and Discussion of the Results 5.1 1994 Financial Crisis 5.2 2000/2001 Twin Crises 5.3 2009 Financial Crisis 6 Conclusion Appendix Results Summary Table Detailed Results Tables (Tables 3, 4, 5, 6, 7, 8, 9, 10, and 11) References The Effects of Social Media Influencers on Consumers’ Buying Intentions with the Mediating Role of Consumer Attitude 1 Introduction 2 Literature Review 2.1 Influencer Marketing 2.2 Source Credibility 2.3 Trustworthiness 2.4 Expertise 2.5 Attractiveness 2.6 Source Attractiveness 2.7 Similarity 2.8 Familiarity 2.9 Likability 2.10 Influencer-Product Fit 2.11 Meaning Transfer 2.12 Consumer Attitude 2.13 Buying Intentions 2.14 Social Learning Theory 3 Statements of Hypotheses 3.1 The Relationship Between Source Credibility and Consumer Attitude 3.2 The Relationship Between Source Attractiveness and Consumer Attitude 3.3 The Relationship Between Influencer-Product Fit and Consumer Attitude 3.4 The Relationship Between Meaning Transfer and Consumer Attitude 3.5 The Relationship Between Source Credibility and Buying Intention 3.6 The Relationship Between Source Attractiveness and Buying Intention 3.7 The Relationship Between Influencer-Product Fit and Buying Intention 3.8 The Relationship Between Meaning Transfer and Buying Intention 3.9 The Relationship Between Consumer Attitude and Buying Intention 3.10 The Mediating Role of Consumer Attitude on the Relationship Between Source Credibility and Buying Intention 3.11 The Mediating Role of Consumer Attitude on the Relationship Between Source Attractiveness and Buying Intention 3.12 The Mediating Role of Consumer Attitude on the Relationship Between Influencer-Product Fit and Buying Intention 3.13 The Mediating Role of Consumer Attitude on the Relationship Between Meaning Transfer and Buying Intention 4 Conceptual Framework of the Study 5 Method 5.1 Procedure and Sample Demographics 5.2 Measures 6 Results 6.1 T-Test for Gender Comparison 6.2 Measurement Model 6.2.1 Common Method Bias 6.3 Structural Model 6.3.1 Results of the Proposed Relationships 6.3.2 The Explanatory Power of the Model 6.4 The Mediating Role of Consumer Attitude 6.5 Hypotheses Testing 7 Discussion 8 Implications 9 Limitations 10 Future Research References Impact of Political Uncertainties on the Dividend Policies of Nonfinancial Firms in Turkey 1 Introduction 2 Literature Review 2.1 Relationship Between Presidential Elections and Information Asymmetry 2.2 Relationship Between Uncertainties, Presidential Elections, and Dividend Policy 2.3 Determinants of Dividend Policy 3 Methodology 3.1 Data 3.2 Measurement of Variables 4 Data Presentation and Analysis 4.1 Descriptive Statistics (Table 2) 4.2 Correlation Matrix 4.3 Generalized Method of Moments 4.4 Robustness Checks (Table 5) 4.5 Analysis and Discussions 4.6 Conclusion References Job Satisfaction and Turnover in Educational Institutions: Reasons and Variables Affecting Job Satisfaction and the Turnover Decision 1 Introduction 2 Literature Review 2.1 Job Satisfaction 2.2 Perceived Organizational Support 2.3 Perceived Coworker Support 2.4 Dealing with Job Stress 3 Methodology and Results 3.1 Data Collection and Participants 3.1.1 Participants’ Distribution by Gender 3.1.2 Participants’ Distribution by Employment Type 3.1.3 Participants’ Distribution by Job Classification 3.2 Ceasing Employment 3.2.1 Contributing Factors for Ceasing Employment 3.2.2 Main Factor for Ceasing Employment 3.3 Participants’ Perspective of the Workplace 3.4 Specifying the Variables Affecting Employees’ Turnover Using Exploratory Factor Analysis 3.5 Testing the Reliability of the Variables Found by Exploratory Factor Analysis 3.6 The Effect of Employee Demographics on the Constructs 3.7 Correlation Between the Constructs of the Study 3.8 Regression Analysis 4 Conclusion and Discussion 4.1 Managerial Implications 4.1.1 Organizational Support 4.1.2 Coworker Support 4.1.3 Stress 5 Limitations and Future Studies References Performance Analysis of the Northern and Southern Banking Sectors on Cyprus Island Under the Covid-19 Era 1 Introduction 2 Banking Sector in TRNC 2.1 TRNC Banking Legal Legislation 2.2 Banks Operating in the TRNC 2.3 Northern Cyprus Banking Sector Consolidated Balance Sheet 2.4 Assets and Liabilities and Equity Structure 2.5 Measures for Northern Cyprus Banks 3 Southern Banking Sector 3.1 Measures for Southern Cyprus 3.2 Credit Institutions’ Measures 3.3 Credit Measures 4 Comparison of Northern and Southern Cyprus Banking Sectors 4.1 Financial Data 5 Ratio Analysis 5.1 Capital Adequacy Ratio 5.2 Asset Quality 5.3 Management Efficiency 5.4 Profit Analysis 5.5 Liquidity Ratios (Fig. 6) 6 Conclusion References The Amalgamation of Social Media and Tourism in Ghana 1 Introduction 1.1 Contribution and Impetus 2 Literature Review 2.1 Hypotheses 2.2 Conceptual Research Model 3 Methodology 3.1 Measurement 3.2 Data Analysis 3.2.1 Main Results 3.2.2 The Hypothesis Test Results 4 Discussion 5 Managerial Implications 6 Limitations and Future Studies References Co-movement of the Shanghai Stock Exchange and COVID-19 in China: Evidence from Wavelet Coherence 1 Introduction 2 Literature Review 3 Data and Methodology 4 Empirical Findings 5 Conclusion References Analysis of Factors Affecting the Capital Adequacy Ratio in the Turkish Banking Sector 1 Introduction 2 Importance of Capital Adequacy for Banks 3 Theories of Capital Adequacy 3.1 Buffer Theory of Capital Adequacy 3.2 Portfolio Theory of Capital Adequacy 3.3 Deposit Insurance Theory 3.4 Expenditure Theory 4 Related Literature 5 Econometric Analysis 5.1 Purpose and Importance of the Study 5.2 Econometric Method 5.3 Introduction of Variables 5.4 Hypotheses of the Study 5.5 Cross-Sectional Dependency and Homogeneity Tests 5.6 First- and Second-Generation Unit Root Test Results 5.7 Panel Cointegration Test 5.8 FMOLS (Fully Modified Ordinary Least Square) Estimation of Long-Term Cointegration Coefficients 5.9 Short-Term Analysis: The Error Correction Model 6 Conclusion References Credit Rating Agency’s Response to Covid-19 by Logical Analysis of Data 1 Introduction 1.1 Impact of the Pandemic 1.2 Economic and Social Variables During the Pandemic 2 Methodology 3 Results 3.1 The Explored Pattern of Fitch During the COVID-19 Pandemic 3.2 Overview of Variables Based on A and B Classes 4 Discussion 5 Conclusion References The Relationship Between Interest Rates and Inflation: Time Series Evidence from Canada 1 Introduction 2 Literature Review 3 Model Specification and Data 4 Methodology 5 Zivot and Andrews Unit Root Test 6 Bound Test Cointegration 7 ARDL Error Correction Mechanisms 8 Empirical Results 9 Conclusion References