Template-Type: ReDIF-Article 1.0 Author-Name: Massimo BAGARANIY Author-Workplace-Name: University Guglielmo Marconi, Department of Public Policies and Science of Administration Title: Applying multicriteria analysis in on-going evaluation of EU structural programmes Abstract: This contribute proposes an application of multicriteria analysis in supporting policy decisions. ELECTRE TRI method is applied for evaluating an Operational Programme co- nanced by EU in the structural policy framework 2000-2006. This work has two objectives: i) to ensure that the use of multicriteria approach, through the ELECTRE TRI method, could represent a useful methodological tool to evaluate, in a systematic way, complex programmes, such as EU Structural Funds Program; ii) to demonstrate that the application of this method to a regional programme, could help to achieve satisfactory results in terms of improving the decision making process. To this end, the analysis will test if and to what extent a classi catory not hierarchical multicriteria method, could be useful in supporting policy makers during the implementation of EU programme. The contribute synthetically describes the general characteristic of the method and then focuses on the criteria utilised to evaluate the programme, within the context of an in itinere evaluation. The application of ELECTRE TRI method will allow the evaluator to cluster the program's actions in two scenarios and three different risk level classes in each scenario. Classification-JEL: F00,F30,G00,G10,K00,K20,M00,M20,O10 Keywords: Criteria for decision making, Planning policy, Regional policyJournal: Yildiz Social Science Review Pages: 1-17 Volume: 1 Issue: 2 Year: 2015 DOI: File-URL: https://yssr.yildiz.edu.tr/storage/upload/pdfs/1656073595-en.pdf File-Format: Application/pdf Handle: RePEc:aye:journl:v:1:y:2015:i:2:p:1-17 Template-Type: ReDIF-Article 1.0 Author-Name: Stefano FANTACONEY Author-Workplace-Name: Centro Europa Ricerche, Via Bruxelles 59, Rome 0018, Italy Author-Name: Petya G. GARALOVA Author-Workplace-Name: Centro Europa Ricerche, Via Bruxelles 59, Rome 0018, Italy Author-Name: Carlo MILANI Author-Workplace-Name: Centro Europa Ricerche, Via Bruxelles 59, Rome 0018, Italy Title: Structural budget balance and fiscal policy: The limits of the European approach Abstract: Under the Fiscal Compact's rules, the structural balance has become a crucial variable in the EU budgetary framework. This should facilitate the operativeness of the automatic stabilizers and avoid pro-cyclical scal policies . However, in the past years peripheral member countries have witnessed a widespread budget restriction in front of a deep down- turn of the economic cycle. We show that this occurred due to the distorted information provided by the model used by the European Commission to calculate the structural bud- get balance. Starting from the direct relationship between this latter and the NAWRU, we shed some light on the estimation methodology and its implication on member states' fi scal policy. We focus our attention on the poor economic signifi cance of the NAWRU and its large volatility over time. Finally, by the means of panel data estimations, we find out that the NAWRU is correlated with the economic cycle, which implies pro-cyclical effects on structural balances. Peripheral European countries seem to be more a affected by these pro-cyclical effects than core countries. Classification-JEL: F00,F30,G00,G10,K00,K20,M00,M20,O10 Keywords: Potential GDP; structural balance; non-accelerating wage rate of unem- ployment (NAWRU); scal rules; austerityJournal: Yildiz Social Science Review Pages: 19-34 Volume: 1 Issue: 2 Year: 2015 DOI: File-URL: https://yssr.yildiz.edu.tr/storage/upload/pdfs/1656073867-en.pdf File-Format: Application/pdf Handle: RePEc:aye:journl:v:1:y:2015:i:2:p:19-34 Template-Type: ReDIF-Article 1.0 Author-Name: Gozde ÜNAL Author-Workplace-Name: Bogazici University, Bebek, Istanbul, 34342, Turkey Author-Name: Ömer FARUK TAN Author-Workplace-Name: MEF University, Maslak, Istanbul, 34396, Turkey Title: Performance evaluation of a-type Turkish mutuals funds in the era of quantitative easing Abstract: This paper aims to evaluate the performance of A-type Turkish funds between January 2009 and November 2014. This study period coincides with the period of quantitative easing during which developing economies in financial markets have been in fluenced dramatically. Thanks to the increase in the money supply directed towards the capital markets, a relief was experienced in related markets following the crisis period. During this 5-year 10-month period, in which the relevant quantitative easing continued, Borsa Istanbul (BIST) yielded 21% compounded on average, per annum. A-type Turkish funds are investigated in order to compare these funds performance within this period. Within this framework, 15 A-type equity funds and 18 A-type variable funds are selected. So as to measure these funds' performance, Sharpe ratio (1966), Treynor ratio (1965) and Jensen alpha (1968) methods are used. Moreover, Jensen's alpha also provides information on selectivity skills of fund managers. Furthermore, Treynor&Mazuy (1966) regression analysis method is applied for market timing ability of fund managers. Classification-JEL: F00,F30,G00,G10,K00,K20,M00,M20,O10 Keywords: Performance Evaluation; Mutual Funds; Sharpe Ratio; Jensen's alphaJournal: Yildiz Social Science Review Pages: 35-46 Volume: 1 Issue: 2 Year: 2015 DOI: File-URL: https://yssr.yildiz.edu.tr/storage/upload/pdfs/1656074053-en.pdf File-Format: Application/pdf Handle: RePEc:aye:journl:v:1:y:2015:i:2:p:35-46 Template-Type: ReDIF-Article 1.0 Author-Name: Cigdem DIKMEN Author-Workplace-Name: Istanbul Bilim University Title: A research on the perception level of the success criteria of learning organizations among a group of physicians and nurses Abstract: According to results in research considering learning organizations the humankind's unused potential can be brought to light if employees achieve personal development. Making the continuous development a way of life will improve the performance of employees and the performance of the organization in particular. A company's philosophy based on continuous learning will lead to an advantage for the learning organizations, which constantly increase their abilities of directing their future in the competition. We believe that the `learning organizations' is a management model that should be employed particularly in the health care institutions. This way, each topic can be examined, tested for improvement and continuous development can be maintained. Thus, the purpose of our project is to make the common vision, personal ability, learning in a team and systematic thinking accepted as basic skills and to de ne the perception level of the success criteria of the learning organizations among the groups of physicians and nurses working in the health care organizations, which should be learning organizations. This project consists of two parts: a theoretical part and a fieldwork. The theoretical part uses scienti fic books, articles, and researches. As fieldwork, a survey veri es whether physicians and nurses attending learning organizations match the criteria of success. The survey is conducted in a group of private hospitals in the city of Istanbul, Turkey. Classification-JEL: F00,F30,G00,G10,K00,K20,M00,M20,O10 Keywords: Learning Organizations, Success Criteria, Physicians, Nurses, HospitalsJournal: Yildiz Social Science Review Pages: 47-59 Volume: 1 Issue: 2 Year: 2015 DOI: File-URL: https://yssr.yildiz.edu.tr/storage/upload/pdfs/1656074443-en.pdf File-Format: Application/pdf Handle: RePEc:aye:journl:v:1:y:2015:i:2:p:47-59 Template-Type: ReDIF-Article 1.0 Author-Name: Dhananjay TRIPATHI Author-Workplace-Name: South Asian University, New Delhi, Department of International Relations Title: Beyond pessimism: Analysing prospect for asian regionalism with cooperation between India, China and ASEAN Abstract: This paper presents a case that Asian regionalism is possible provided India and China cooperate with each other and this process is also supported by the ASEAN. While ac- cepting practical intricacies related to Sino-India relation that is discussed in this paper, an attempt is made to look beyond the dominant, prevalent and generally acceptable discourse on this subject. The paper also has policy suggestions based on neo-functionalist approach of regional integration. It is argued that cooperation in functional areas might potentially pave the way for Asian regionalism with involvement of India, China and ASEAN. Classification-JEL: F00,F30,G00,G10,K00,K20,M00,M20,O10 Keywords: South Asia, Southeast Asia, ASEAN, Asian Regionalism, Sino-India Rela- tionsJournal: Yildiz Social Science Review Pages: 61-74 Volume: 1 Issue: 2 Year: 2015 DOI: File-URL: https://yssr.yildiz.edu.tr/storage/upload/pdfs/1656074582-en.pdf File-Format: Application/pdf Handle: RePEc:aye:journl:v:1:y:2015:i:2:p:61-74 Template-Type: ReDIF-Article 1.0 Author-Name: Ahmet Hakan YÜKSEL Author-Workplace-Name: Işık University Title: The impasse of the machine metaphor in organization and management: Ontological and epistemological rejuvenation during interregnum Abstract: The modernist stream of thought, which is built on Newtonian Paradigm, embraces a mechanistic ontology that is linked with a mechanistic epistemology and an instrumental praxeology leading to the emergence of the assumption that organizations should be treated as machines. The inuential reection of this view had been palpable. During the theory development process starting from 19th century, dominant assumptions such as equilibrium-seeking as an ultimate rational behavior, predictability of the ends by the deterministic analysis of the means and the whole being a sum of its parts shaped the very essence of the managerial thought. However, given the current level of global interdependence and interconnectedness major events could be triggered by the ap of a buttery's wing. In an age of fluidity, where the amount of data being produced and shared has reached an unprecedented magnitude, the interaction among the agents pave the way to the emergence of qualitatively distinct phenomenon. This conceptual paper intends to diagnose the need to replace the prolonged assumptions that reigned throughout the history of organizational studies by the ones extracted from complexity thinking, which might serve as the kernel of the new organizational and managerial studies in the future. Classification-JEL: F00,F30,G00,G10,K00,K20,M00,M20,O10 Keywords: Organizational Management, Complexity Thinking, Nonlinear Systems, Modernism, Fluidity, Innovation.Journal: Yildiz Social Science Review Pages: 75-88 Volume: 1 Issue: 2 Year: 2015 DOI: File-URL: https://yssr.yildiz.edu.tr/storage/upload/pdfs/1656075409-tr.pdf File-Format: Application/pdf Handle: RePEc:aye:journl:v:1:y:2015:i:2:p:75-88