Wissam AlMasri | Akdeniz University (original) (raw)
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Papers by Wissam AlMasri
İktisat İşletme ve Finans, 2015
Abstract. The purpose of this study is to evaluate sustainability reporting practices for some co... more Abstract. The purpose of this study is to evaluate sustainability reporting practices for some companies in four jurisdictions. 2013 sustainability reports of Brazil, Germany, India and Turkey were taken from GRI web sites in which GRI guidelines 3.1 had been used. It was shown that there were significant differences between countries and industries sectors in doing sustainability reports. Conversely through the firm's size analysis, there were no significant differences between countries. It was shown that 4 jurisdiction sample got higher level disclosures scores in Environment, Government and Social disclosures and the lower level in Product sustainability, Human right, and Society disclosure except India. In sustainability information presentation, Indian companies were more likely to produce an 'integrated report' than others. Brazilian sample indicated the lowest GRI scores with the lowest median of the 4 countries. Also when based on differences between industry, energy industry produces more sustainability information than other sectors.
Journal of Economics, Finance and Accounting – (JEFA),, 2015
The issue that futures-trading activity may result in excessive equity volatility has attracted m... more The issue that futures-trading activity may result in excessive equity volatility has attracted much attention, both academic and regulatory. Many academicians have claimed that the introduction of the futures contracts will lead to an increase in the spot market volatility and destabilize the equity prices. This has also been an important concern for regulators. Many others have argued the contrary and claimed that futures trading will have stabilizing effects on spot prices. There is no theoretical answer that will resolve this debate; proper empirical investigation will give insights on this effect. Many previous empirical studies deal with the developed markets, especially with the US. The number of studies employing emerging market data is quite limited and there are only a handful of studies dealing with the Turkish market. In this study we examine the effect of futures trading on index volatility using the data from an important emerging market: Turkey. Using the Istanbul Stock Exchange 30 (ISE 30) Index data between February 2005 and April 2015, we test the hypothesis that the variance of daily returns in the futures expiration period (9 days before the expiration of the futures contract) is greater than the variance of index returns in the pre-expiration period (10-50 days prior to futures expiration date). The results of the study show that expiration period variance is not greater than pre-expiration variance.
Conference Presentations by Wissam AlMasri
Proceedings of the International Academic Research Conference on Marketing & Tourism, 2016
The integration of information and communications technology (ICT) in business has revolutionized... more The integration of information and communications technology (ICT) in business has revolutionized relationships within organizations and those between and among organizations and individuals. Specifically, the use of ICT in business has enhanced productivity, encouraged greater customer participation, and enabled mass customization, besides reducing costs [1]. By this manner, integrating online shopping facilities into mass tourism areas which are already hosting and will be hosted millions of tourists makes this affect almost foldable. Choosing an appropriate region for this kind of integration is one of the most important questions. As the crossing point of three continents (Asia, Africa and Europe), Middle East, North Africa and Turkey together offer a huge potential of mass tourism and trade facilities despite the political crises in this area. Online shopping in the MENA region is still in the early stages, and it is facing the same barriers around the world, such as political stability, lack of trust, concerns about privacy and using digital payment methods, payment security, delivery options and the development of address systems, relatively high costs of access and usage, the overall environment and support to invest in infrastructure, e-services such as e-government, e-learning and e-commerce in all countries of the region will undoubtedly contribute to the further penetration and usage of Internet and consequently enable and further e-shopping [2]. Internet Population in 2015 in Egypt is (54.6%) with the highest number of Internet users in the MENA region (48 million) users in Egypt. And the internet population in Jordan is (86.1%) and in Lebanon is (80.4%) [3]. But, the E-commerce websites and services in these three countries are still weak because of lack in online shopping sites and, delivery options and the development of address systems, relatively high costs of access and usage so cannot give the suitable service [4]. The world leader in B2C e-commerce remains the USA, followed by the China and UK. Turkey is in the fastest growing markets in Europe and it is the contact line between Europe and MENA countries. As an example given from Turkey, "hepsiburada.com" is the most powerful name for online shopping in Turkey. With 7 million members in the site, the mission of this site is to deliver the best products at affordable prices. The main actors with their characteristics in this proposed framework as named: 1) China, as the factory of our World produces and delivers almost everything to the rest of world has the mass production capacity. 2) Germany, England, Russia, Netherland and Nordic countries including Sweden have the economic potential to afford their citizens to be abroad for mass and regular tourism mainly in sunny and historical countries, such as Turkey and Egypt. 3) Turkey has the mass tourism experience together with Egypt and organizational capabilities on mass movement. Turkey also has a developing E-Commerce infrastructure including software and human ware supported by its financial system. 4) Egypt has an undisputed location and land advantage for the logistic facilities to be built warehouses and to be carried goods from China to Middle East, North Africa, West of Asia and Europe via its Suez
İktisat İşletme ve Finans, 2015
Abstract. The purpose of this study is to evaluate sustainability reporting practices for some co... more Abstract. The purpose of this study is to evaluate sustainability reporting practices for some companies in four jurisdictions. 2013 sustainability reports of Brazil, Germany, India and Turkey were taken from GRI web sites in which GRI guidelines 3.1 had been used. It was shown that there were significant differences between countries and industries sectors in doing sustainability reports. Conversely through the firm's size analysis, there were no significant differences between countries. It was shown that 4 jurisdiction sample got higher level disclosures scores in Environment, Government and Social disclosures and the lower level in Product sustainability, Human right, and Society disclosure except India. In sustainability information presentation, Indian companies were more likely to produce an 'integrated report' than others. Brazilian sample indicated the lowest GRI scores with the lowest median of the 4 countries. Also when based on differences between industry, energy industry produces more sustainability information than other sectors.
Journal of Economics, Finance and Accounting – (JEFA),, 2015
The issue that futures-trading activity may result in excessive equity volatility has attracted m... more The issue that futures-trading activity may result in excessive equity volatility has attracted much attention, both academic and regulatory. Many academicians have claimed that the introduction of the futures contracts will lead to an increase in the spot market volatility and destabilize the equity prices. This has also been an important concern for regulators. Many others have argued the contrary and claimed that futures trading will have stabilizing effects on spot prices. There is no theoretical answer that will resolve this debate; proper empirical investigation will give insights on this effect. Many previous empirical studies deal with the developed markets, especially with the US. The number of studies employing emerging market data is quite limited and there are only a handful of studies dealing with the Turkish market. In this study we examine the effect of futures trading on index volatility using the data from an important emerging market: Turkey. Using the Istanbul Stock Exchange 30 (ISE 30) Index data between February 2005 and April 2015, we test the hypothesis that the variance of daily returns in the futures expiration period (9 days before the expiration of the futures contract) is greater than the variance of index returns in the pre-expiration period (10-50 days prior to futures expiration date). The results of the study show that expiration period variance is not greater than pre-expiration variance.
Proceedings of the International Academic Research Conference on Marketing & Tourism, 2016
The integration of information and communications technology (ICT) in business has revolutionized... more The integration of information and communications technology (ICT) in business has revolutionized relationships within organizations and those between and among organizations and individuals. Specifically, the use of ICT in business has enhanced productivity, encouraged greater customer participation, and enabled mass customization, besides reducing costs [1]. By this manner, integrating online shopping facilities into mass tourism areas which are already hosting and will be hosted millions of tourists makes this affect almost foldable. Choosing an appropriate region for this kind of integration is one of the most important questions. As the crossing point of three continents (Asia, Africa and Europe), Middle East, North Africa and Turkey together offer a huge potential of mass tourism and trade facilities despite the political crises in this area. Online shopping in the MENA region is still in the early stages, and it is facing the same barriers around the world, such as political stability, lack of trust, concerns about privacy and using digital payment methods, payment security, delivery options and the development of address systems, relatively high costs of access and usage, the overall environment and support to invest in infrastructure, e-services such as e-government, e-learning and e-commerce in all countries of the region will undoubtedly contribute to the further penetration and usage of Internet and consequently enable and further e-shopping [2]. Internet Population in 2015 in Egypt is (54.6%) with the highest number of Internet users in the MENA region (48 million) users in Egypt. And the internet population in Jordan is (86.1%) and in Lebanon is (80.4%) [3]. But, the E-commerce websites and services in these three countries are still weak because of lack in online shopping sites and, delivery options and the development of address systems, relatively high costs of access and usage so cannot give the suitable service [4]. The world leader in B2C e-commerce remains the USA, followed by the China and UK. Turkey is in the fastest growing markets in Europe and it is the contact line between Europe and MENA countries. As an example given from Turkey, "hepsiburada.com" is the most powerful name for online shopping in Turkey. With 7 million members in the site, the mission of this site is to deliver the best products at affordable prices. The main actors with their characteristics in this proposed framework as named: 1) China, as the factory of our World produces and delivers almost everything to the rest of world has the mass production capacity. 2) Germany, England, Russia, Netherland and Nordic countries including Sweden have the economic potential to afford their citizens to be abroad for mass and regular tourism mainly in sunny and historical countries, such as Turkey and Egypt. 3) Turkey has the mass tourism experience together with Egypt and organizational capabilities on mass movement. Turkey also has a developing E-Commerce infrastructure including software and human ware supported by its financial system. 4) Egypt has an undisputed location and land advantage for the logistic facilities to be built warehouses and to be carried goods from China to Middle East, North Africa, West of Asia and Europe via its Suez