{"id":351,"date":"2020-10-27T16:58:34","date_gmt":"2020-10-27T16:58:34","guid":{"rendered":"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/?page_id=351"},"modified":"2026-03-13T07:11:48","modified_gmt":"2026-03-13T07:11:48","slug":"ijefs-vol-3-issue-1-2-2011","status":"publish","type":"page","link":"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/ijefs-vol-3-issue-1-2-2011\/","title":{"rendered":"IJEFS, Vol 3, Issue 1-2, 2011"},"content":{"rendered":"\n<p>Our Archive contains the full text of all articles published in the International Journal of Economics and Finance Studies.<br><br>All articles published in the IJEFS are available as Portable Document Format (PDF) documents. Free Adobe Reader software is needed for reading [<a href=\"http:\/\/www.adobe.com\/products\/acrobat\/readstep2.html\">download<\/a>]<br><br><strong>Vol 3, No 1 , 2011<\/strong><br><strong>Content<\/strong><br><br>Abbas Alavi Rad<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_1\/01abbas_alavi_rad.pdf\">\u201cMacroeconomic Variables and Stock Market: Evidence from Iran\u201d<\/a><br><br>Anastasios Karasavvoglou&nbsp;&amp; Persefoni Polychronidou &amp; Theodosios Theodosiou &amp;&nbsp;Dimitrios Chatzoudes<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_1\/02anastasios_karasavvoglou.pdf\">\u201cImmigrants\u2019 Integration in Greek Society: An Empirical Research\u201d<\/a><\/p>\n\n\n\n<p>Anuradha Venkateswaran<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_1\/03anuradha_venkateswaran.pdf\">\u201cEffect of the Global Economic Crisis on Turkish Firms\u201d<\/a><br><br>Ari Warokka &amp; Fernando Ubeda Mellina &amp; Haim Hilman Abdullah<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_1\/04ari_warokka_fernando.pdf\">\u201cPolitical Regime, Competitiveness, and Foreign Investment: An Evidence of the Euro Areas\u2019 FDI Policies to Southeast Asian Countries\u201d<\/a><\/p>\n\n\n\n<p>Aykut Ekinci<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_1\/05aykut_ekinci.pdf\">\u201cWhat Is the Optimum Size of Government: A Suggestion\u201d<\/a><br><br>Behrouz Tabrizi<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_1\/06behrouz_tabrizi.pdf\">\u201cThe Flip Side of the U.S. Economic Recession 2007-09\u201d<\/a><br><br>D\u00f3ra Havay &amp; Jen\u0151 Konecsny<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_1\/07dora_havay.pdf\">\u201cThe Relationship between Risk and Return in the Light of the Hungarian Private Pension System\u2019s Performance\u201d<\/a><br><br>Eun Young Oh<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_1\/08eun_young.pdf\">\u201cIs Financial Repression Really Bad?\u201d<\/a><br><br>Hemin Ashrafi<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_1\/09hemin_ashrafi.pdf\">\u201cTime Span and Criteria for Women Economic Empowerment Applicable for&nbsp;Turkish Grameen Micro-Credit Project\u201d<\/a><br><br>Humeyra Burucu &amp; Filiz Yildiz Contuk<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_1\/10humeyra_burucu.pdf\">\u201cThe Dynamics between Mutual Funds Flows and Stock Returns: Empirical Evidence from the Turkey Markets\u201d<\/a><br><br>Hussain Al-Obaid<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_1\/11hussain_al-obaid.pdf\">\u201cThe Stock Market Wealth and Consumer Spending Behaviour: Is There a Wealth Effect?\u201d<\/a><br><br>Marta Borda<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_1\/12marta_borda.pdf\">\u201cVoluntary Health Insurance as a Method of Health Care Financing in European Countries\u201d<\/a><br><br>Muslum Basilgan<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_1\/13muslum_%20basilgan.pdf\">\u201cExperiment In Economics\u201d<\/a><br><br>Peng Zhou<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_1\/14peng_zhou.pdf\">\u201cRetirement Decisions &#8211; Evidence on Retirement Elasticities\u201d<\/a><br><br>Razzaque H Bhatti<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_1\/15razzaque_bhatti.pdf\">\u201cOn Pak Rupee Exchange Rates: Whether Stock or Flow Matters?\u201d<\/a><br><br>Riko Hendrawan<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_1\/16riko_Hendrawan.pdf\">\u201cApplication and Comparison between Merton and Garch Option Model for Barrier Option in Indonesia Stock Exchange\u201d<\/a><br><br>Roland Toth &amp; Maria Fekete Farkas<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_1\/17roland_toth.pdf\">\u201cThe Relationship between Scarcity of Natural Resources and Their Real Prices\u201d<\/a><br><br>Rudi Kurniawan<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_1\/18rudi_Kurniawan.pdf\">\u201cTax Smoothing Tests on Indonesian Data\u201d<\/a><br><br>Selcuk Bayraci&nbsp;&amp;&nbsp;Gazanfer Unal<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_1\/19selcuk_bayraci.pdf\">\u201cContinuous-Time GARCH (COGARCH) Modeling of Turkish Interest Rates\u201d<\/a><br><br>Silvia Marginean &amp; Ramona Orastean<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_1\/20silvia_marginean.pdf\">\u201cGlobalization and Economic Crisis in European Countries\u201d<\/a><br><br>Svetlana Borovkova<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_1\/21svetlana_borovkova.pdf\">\u201cRisk Management with Tail Copulas- For Emerging Market Portfolios\u201d<\/a><br><br>Ugur Ergun &amp; Ali Goksu<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_1\/22ugur_ergun.pdf\">\u201cDependency of Turkish Exchange Rate under Accession Conditions to European Union\u201d<\/a><br><br>Umit Gucenme Gencoglu &amp; Gulsun Isseveroglu &amp;&nbsp;Yasemin Ertan<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_1\/23umit_gucenme.pdf\">\u201cBank Audits and Risk Management in Turkey\u201d<\/a><br><br>Yakup Ari &amp; Gazanfer Unal<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_1\/24yakup_ari.pdf\">\u201cContinuous Modeling of Foreign Exchange Rate of USD versus TRY\u201d<\/a><br><br>Zeina Al-Ahmad<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_1\/25zeina_al_ahmad.pdf\">\u201cThe Initial and First Year Returns Of Firms Listed on the Damascus Securities Exchange: Some Preliminary Findings\u201d<\/a><br><br>Zsuzsanna Sz\u00e9les &amp; Zolt\u00e1n Sz\u00e9les &amp;&nbsp;Istv\u00e1n Miszori<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_1\/26zsuzsanna_szeles.pdf\">\u201cHow Does the JEREMIE Program Affect the Hungarian Venture Capital Market?\u201d<\/a><br><br><strong>Vol 3, No 2 , 2011<\/strong><br><strong>Content<\/strong><br><br>Ari Warokka &amp; Juan Jose Duran Herrera &amp; Haim Hilman Abdullah<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_2\/01ari_warokka.pdf\">\u201cEast Asian Corporate Governance:<\/a><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_2\/01ari_warokka.pdf\">A Test of the Relation between Capital Structure and Firm Performance\u201d<\/a><br><br>Bernur Acikgoz Ersoy<em>&nbsp;&amp;&nbsp;<\/em>Alexander Mack<em>&nbsp;&amp;&nbsp;<\/em>Alain Schonenberger<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_2\/02bernur_acikgoz_ersoy.pdf\">\u201cDo Small Member Countries of the European Union Benefit Economically More Than the Large Countries? A Swiss Perspective\u201d<\/a><br><br>Birgul Cambazoglu &amp;&nbsp;Sevcan Gunes<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_2\/04birgul_cambazoglu.pdf\">\u201cDid Credit Crunch Cause a Collapse in Private Investment?: Turkey Case\u201d<\/a><br><br>Birgul Cambazoglu &amp;&nbsp;Sevcan Gunes<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_2\/03birgul_cambazoglu.pdf\">\u201cMonetary Transmission Mechanism in Turkey and Argentina\u201d<\/a><br><br>Carlos Garcimart\u00edn &amp; Luis A. Rivas<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_2\/05carlos_garcimartin.pdf\">\u201cThe Role of Capital Flows in External Constrained Growth: The Experiences of Spain and Portugal in the Eurozone\u201d<\/a><br><br>Cenk Akkaya &amp; Ceren Uzar<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_2\/06cenk_akkaya.pdf\">\u201cData Mining and Application of IT to Capital Markets\u201d<\/a><br><br>Christian Nzengue Pegnet &amp;&nbsp;Ibrahim Faycal Fofana<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_2\/07christian_pegnet.pdf\">\u201cBank Capital and Macroeconomic Shocks: A Principal Components Analysis and Vector Error Correction Model\u201d<\/a><\/p>\n\n\n\n<p>Feray Erselcan<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_2\/08feray_erselcan.pdf\">\u201cHow Social Capital Helps Small Enterprise?: Implications for Regional Economic Development\u201d<\/a><br><br>Gonul Oguz<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_2\/09gonul_oguz.pdf\">\u201cEurope\u2019s Labour Mobility Problem: Can Flexicurity Be Solution?\u201d<\/a><br><br>Ibrahim Emre Karaa<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_2\/10ibrahim_emre.pdf\">\u201cImpact of Anchoring Bias on Corporate Profits and Shareholders Wealth\u201d<\/a><br><br>Ilona Kwiecie\u0144 &amp; Ewa Poprawska<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_2\/11ilona_kwiecien.pdf\">\u201cMotor Third Party Liability Insurance \u2013 Polish Market in Connections to European Trends\u201d<\/a><br><br>Ilze Upite &amp; Irina Pilvere &amp; Aleksejs Nipers<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_2\/12ilze_upite.pdf\">\u201cEconomic Evaluation of Administrative Burden for Construction in Jelgava Municipality\u201d<\/a><br><br>Jana Kotlebova<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_2\/13jana_kotlebova.pdf\">\u201cEuro Area in the Conditions of Global Imbalance\u201d<\/a><br><br>Janusz&nbsp;\u0141yko &amp; Andrzej Misztal<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_2\/14janusz_lyko.pdf\">\u201cWeight Systems in a CPI Analysis\u201d<\/a><br><br>Jen\u0151 Konecsny &amp; D\u00f3ra Havay<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_2\/15jeno_konecsny.pdf\">\u201cThe Importance of State\u2019s Role in the Hungarian Venture Capital Market\u201d<\/a><br><br>Layal Mansour<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_2\/16layal_mansour.pdf\">\u201cInternational Reserves and Sterilization in Indebted and Dollarized Countries: An Effective Monetary Policy?\u201d<\/a><br><br>Mahir Binici<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_2\/17mahir_binici.pdf\">\u201cThe Role of Exchange Rates in Monetary Policy Rule: The Case of Inflation Targeting Countries\u201d<\/a><br><br>Marcello Span\u00f2<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_2\/18marcello_spano.pdf\">\u201cIs It Possible to Reduce the Stock of Foreign Reserves?\u201d<\/a><br><br>Maria Vojtkova<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_2\/19maria_vojtkova.pdf\">\u201cIntertemporal Approach to the Balance of Payment of the Eurozone Countries\u201d<\/a><br><br>Nandita Sethi &amp; Jayashree Patil-Dake<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_2\/20nandita_sethi.pdf\">\u201cCoping with Global Meltdown: India\u2019s External Sector\u201d<\/a><br><br>Nor Hadaliza Abd Rahman<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_2\/21nor_hadaliza.pdf\">\u201cHedge Fund Managerial Incentives and Performance\u201d<\/a><br><br>Okan Veli Safakli &amp; Mustafa Ertanin<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_2\/22okan_veli_safakli.pdf\">\u201cBudgetary Discipline of the Turkish Republic of Northern Cyprus (TRNC) in the Light of EMU Maastricht Criteria\u201d<\/a><br><br>Orhan Kandemir &amp;&nbsp;Yasar Aktas<br><a href=\"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/eJOURNALS\/journal_IJEF\/archieves\/2011_2\/23orhan_kandemir.pdf\">\u201cImportance of Microcredit in Fight Against Poverty in Turkey\u201d<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our Archive contains the full text of all articles published in the International Journal of Economics and Finance Studies. All articles published in the IJEFS are available as Portable Document Format (PDF) documents. Free Adobe Reader software is needed for reading [download] Vol 3, No 1 , 2011Content Abbas Alavi Rad\u201cMacroeconomic Variables and Stock Market: [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-351","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/wp-json\/wp\/v2\/pages\/351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/wp-json\/wp\/v2\/comments?post=351"}],"version-history":[{"count":1,"href":"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/wp-json\/wp\/v2\/pages\/351\/revisions"}],"predecessor-version":[{"id":923,"href":"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/wp-json\/wp\/v2\/pages\/351\/revisions\/923"}],"wp:attachment":[{"href":"https:\/\/sobiad.org\/eJOURNALS\/journal_IJEF\/index.html\/wp-json\/wp\/v2\/media?parent=351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}