Ömer Saraç, Vahit Oğuz Kiper and Orhan Batman
Hedonic behavior is a well-known phenomenon for tourism activities by the nature of tourism itself. However, there is a possible conflict between the structure of halal tourism…
Abstract
Purpose
Hedonic behavior is a well-known phenomenon for tourism activities by the nature of tourism itself. However, there is a possible conflict between the structure of halal tourism and hedonic behavior. This paper aims to investigate the hedonic perception levels of halal-sensitive tourists (HSTs) while questioning their travel motivations.
Design/methodology/approach
According to the aim of this study, quantitative approach has been adopted via data gathering within World Halal Summit. A total of 1,123 surveys were gathered face to face from participants. Factor analysis applied to confirm validity of the data set while also running Cronbach alpha test through all dimensions. Also, frequency and mean analyses were applied in addition to t-test for comparing tests.
Findings
Results briefly show that HSTs have an average level of perception of hedonism. They also travel once or twice a year for religious, social or environmental reasons which supports the finding about their hedonism perception.
Research limitations/implications
The research is also important in the applied field, especially in terms of decision-makers and supply determinants in destination management. Because if it is determined that the HSTs exhibit a utilitarian consumption, it has a guiding feature for the decision-makers to prefer halal tourism in terms of environmental management in the destination. In terms of the economic sustainability of the research destination or businesses, it also serves as a guide for the supply determinants in their investment activities.
Originality/value
This research is considerably important in terms of putting the HST typology on a conceptual basis in the theoretical field. In the research, it is tested whether the HSTs are hedonic consumers; in other words, whether they comply with the Islamic religious prohibitions. The tendency of HSTs to comply with the prohibitions reveals that they are utilitarian consumers, while halal tourism is a responsible tourism that cares about sustainability.
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Betül Yılmazer, Ömer Saraç, Hüseyin Pamukçu and Orhan Batman
Social/physical distancing rules that resulted in the novel coronavirus (COVID-19) have caused restrictions on national and international transportation. Since tourism activities…
Abstract
Social/physical distancing rules that resulted in the novel coronavirus (COVID-19) have caused restrictions on national and international transportation. Since tourism activities are an industry based on transportation and travel, they have been affected negatively because of COVID-19. It has become necessary to create a contactless environment by leveraging technology to mitigate these negative impacts. smart transportation system (STS) applications have played a crucial role in enabling contact-free travel in providing the continuation of tourism activities in a controlled manner by utilizing information and communication technologies. Therefore, in this study, it was tried to determine whether STS applications are functional in ensuring the contactless transportation required in COVID-19 and in the face of possible future outbreaks. In this study, COVID-19 and STS terms are tried to be defined, and the importance of these two concepts in terms of tourism activities has been discussed considering their cause–effect relationship in line with the purpose of the research. STS applications have been determined to be the most appropriate approach in terms of carrying out controlled tourism activities in accordance with the social/physical distancing rules arising from COVID-19. According to the findings of the research, STS provides an opportunity for people to use contactless payments and purchase tickets online with smart phones. Additively, by controlling passengers’ luggage through mobile applications and reducing the time spent waiting in the lobby, thereby minimizing prolonged interpersonal contact.
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In today's globalising conditions, tourism is marketed as a combined product because the demand for tourism increases as the product differs. It is very difficult for tourism…
Abstract
In today's globalising conditions, tourism is marketed as a combined product because the demand for tourism increases as the product differs. It is very difficult for tourism destinations, which emerge as a result of the combination of attractiveness, accessibility, tourism businesses, activity and image elements, to survive because tourism destination stakeholders have different goals and objectives. Therefore, there is a need for an effective destination management in which management functions (planning, organising, coordination, commanding (leading) and control) will be employed. Together with the destination management, stakeholders with different goals and objectives are expected to operate in line with a common goal. The clustering of tourism businesses, one of the stakeholders of the tourism destination, plays a very important role in the emergence of destination management. In addition, this situation causes businesses to act not only in line with their own interests but also in the interests of the destination. While avoiding activities that would endanger the existence of the destination with the unions they establish, they cause local administrations and fund managers to act in line with the infrastructure, superstructure and development opportunities needed. In addition to this, while ensuring the use and protection of social capital in that region, it also enables the development of intellectual capital. On the other hand, it causes the opening of new main and auxiliary enterprises and plays an active role in increasing the welfare level of the region. Therefore, clustering is very important in successful destination management.
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Belkıs Ustamehmetoğlu, Nilgün Kızılcan and Ömer Demir
The purpose of this paper is to synthesise the block copolymer of pyrrole (Py) with bis(4‐inobutyl)polydimethylsiloxane (DA.PDMS) by electrochemical method. The characterisation…
Abstract
Purpose
The purpose of this paper is to synthesise the block copolymer of pyrrole (Py) with bis(4‐inobutyl)polydimethylsiloxane (DA.PDMS) by electrochemical method. The characterisation of the insoluble block copolymers, P(Py‐b‐DA.PDMS), was performed by cyclovoltammetric measurements, solid‐state conductivity and DSC measurements. The surface morphology of the copolymers was examined with scanning electron microscope (SEM).
Design/methodology/approach
Electropolymerisation process was performed potentiostatically and potentiodynamically. Redox behaviour of the resulting copolymer films was investigated. In‐situ spectroelectrochemical measurement was carried out on indium thin oxide (ITO) electrodes.
Findings
The ionisation potentials (Ip), electron affinity (Ea), optical band gap (Eg), peak potentials (Ep), and doping degree (y) of copolymers were calculated by using in‐situ spectroelectrochemical measurement results. The copolymers have slightly lower doping degree, band gap, Ip and Ea values than homopolymer. Copolymers had the conductivities of 10‐5 S/cm and had Tg values.
Research limitations/implications
This study can also be focused on obtaining conductive copolymer with insulator DA.PDMS blocks on the PPy chain by one‐step polymerisation.
Practical implications
This work provides technical information for the synthesis and characterisation of conducting block copolymer by electrochemical method.
Originality/value
Change in optical and electrical properties of the P(Py‐b‐DA.PDMS) shows the role of the individual properties of the copolymer blocks. While the DSC scan of PPy showed no transition temperature, which is a characteristic property of conducting copolymers, P(Py‐b‐DA.PDMS) had Tg values. This might be due to the inclusion of the DA.PDMS blocks on the PPy chains.
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Alper Kirik, Tunc Oygur and Yaman Omer Erzurumlu
This study aims to attempt to understand the joint co-movement of bank deposit rate and its main underlying determinants (foreign exchange rate (FX) rate, cross-currency swap rate…
Abstract
Purpose
This study aims to attempt to understand the joint co-movement of bank deposit rate and its main underlying determinants (foreign exchange rate (FX) rate, cross-currency swap rate and implied forward rate). The authors also compare time and frequency variant approaches in this dynamic.
Design/methodology/approach
The authors examine bank deposit rates where multiple variables jointly interact, and the integration is time and frequency variant. The study applies both cointegration and wavelet coherence methods and conducts a comparative analysis. It investigates eight markets over 2005–2020 aiming to capture the impact of changing market conditions and degree of development.
Findings
The results are in line with cross-country interdependence, where we observe more robust evidence for co-movement during adverse economic conditions with higher correlation compared to other periods such as the 2007–2009 US mortgage crises, 2010–2012 Euro crises and 2019 pandemic. Moreover, wavelet analysis suggests deposit rate lags FX rate and leads cross-country swap rate. The USA arguably leads the co-movement accompanied briefly by Japan and followed closely by other developed markets and later the developing markets. Heat maps suggest clustering of countries.
Practical implications
The wavelet coherence's ability to indicate the periods and the frequencies of the relationship is essential to capture the true nature of the relationship. Such additional insight would enable the practitioners to determine the true price of the deposit rate.
Originality/value
The study captures the long suggested collective nature of three main underlying determinants of bank deposit. The results shed light on the order of dynamics in a complex bank deposit environment. Comparative analysis further highlights the valuable insight quadruple wavelet coherence provides.
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Jamil Anwar and SAF Hasnu
The purpose of this paper is to investigate the strategy-performance relationship in a multi-industry setting for joint stock firms operating in Pakistan using Miles and Snow…
Abstract
Purpose
The purpose of this paper is to investigate the strategy-performance relationship in a multi-industry setting for joint stock firms operating in Pakistan using Miles and Snow typology. The impact of firm size and industry on performance along with strategy is also investigated. The empirical research evidence on strategy-performance relationship for Miles and Snow typology is updated as well.
Design/methodology/approach
Scoring methodology is applied for identification of strategic types, including the reactor strategy. The consistency of the firms over time is also checked. Seven year archived financial data of 320 Pakistani joint stock firms from 12 industries are used for analysis. Descriptive statistics and analysis of variance is used for analysis.
Findings
Hybrid strategies are practiced by firms rather than pure strategies. The distribution of strategic types is uneven. There are mixed results for performance difference among strategic types for different industries and firm size. Defending and analyzing strategies are better than the prospecting strategies. Reactors performed better in some industries as well.
Originality/value
Proposed scoring methodology can be applied to identify all strategic types including reactors in the longitudinal studies. This can be replicated for other typologies or strategic group classifications. The process for identification of reactor strategy through a consistency check is a unique contribution to the literature, especially when archived financial data are used.
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The extant literature has challenged the original idea that pure strategy leads to superior performance. This shift has raised the question whether pure strategy is still superior…
Abstract
Purpose
The extant literature has challenged the original idea that pure strategy leads to superior performance. This shift has raised the question whether pure strategy is still superior to hybrid strategy? The purpose of this paper is to investigate the strategy-performance relationship in this context and the performance of pure, hybrid, and reactor strategies is compared.
Design/methodology/approach
Scoring method is used for identification of strategic types. ANOVA, univariate, and multivariate regression models are applied for empirical analysis using seven-year financial data of 307 Pakistani joint stock firms from 12 industries.
Findings
The results show that firms in Pakistan practice hybrid and reactor strategies rather than pure strategies. Overall, defending and analyzing strategies perform better than the prospecting strategies. However, the performance of the strategic types varies among industries and firm size. Strategy and firm size are the better predictors of firm performance.
Originality/value
The proposed methodology can be replicated to identify strategic groups and strategic orientations proposed by typological classifications when longitudinal studies are carried out. The process for identification of pure, hybrid, flexible, consistent, and reactor strategies is a key contribution to the literature.
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Mouldi Djelassi and Jamel Boukhatem
The purpose of this paper was to explore the impact of interest rate shocks on the deposits and financing of Islamic and conventional banks in Saudi Arabia.
Abstract
Purpose
The purpose of this paper was to explore the impact of interest rate shocks on the deposits and financing of Islamic and conventional banks in Saudi Arabia.
Design/methodology/approach
The authors use impulse response functions (IRFs) and variance decomposition (VDC) analyses over the period 2008Q1–2020Q2.
Findings
The IRFs showed that increasing interest rates reduce loans and conventional deposits. For Islamic banks, the deposits are more affected by interest rate changes than the financing. The VDC analysis found that deposits contribute up to 61% of Islamic financing variations, compared to only 25% in conventional lending ones.
Originality/value
This research contributes to the field of Islamic economics and finance by providing empirical evidence on how interest rates likely impact Islamic and conventional deposits and financing in Saudi banking system.