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This book is the first of the two volumes featuring selected articles from the 14th Eurasia Business and Economics conference held in Barcelona, Spain, in October 2014. Peer-reviewed articles in this first volume present latest research breakthroughs in the areas of Accounting, Corporate Governance, Finance and Banking, Institutional and International Economics, and Regional Studies. The contributors are both distinguished and young scholars from different parts of the World.
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Eurasian Studies in Business and Economics 2/1 Series Editors: Mehmet Huseyin Bilgin · Hakan Danis Mehmet Huseyin Bilgin Hakan Danis Ender Demir Ugur Can Editors Business Challenges in the Changing Economic Landscape - Vol. 1 Proceedings of the 14th Eurasia Business and Economics Society Conference Eurasian Studies in Business and Economics 2/1 Series Editors Mehmet Huseyin Bilgin, Istanbul, Turkey Hakan Danis, San Francisco, CA, USA Representing Eurasia Business and Economics Society More information about this series at http://www.springer.com/series/13544 Mehmet Huseyin Bilgin • Hakan Danis • Ender Demir • Ugur Can Editors Business Challenges in the Changing Economic Landscape - Vol. 1 Proceedings of the 14th Eurasia Business and Economics Society Conference Editors Mehmet Huseyin Bilgin Faculty of Economics Istanbul Medeniyet University Istanbul Turkey Ender Demir Faculty of Tourism Istanbul Medeniyet University Istanbul Turkey Hakan Danis MUFG Union Bank San Francisco, CA USA Ugur Can Eurasia Business & Economic Society Fatih Istanbul Turkey The authors of individual papers are responsible for technical, content, and linguistic correctness. ISSN 2364-5067 ISSN 2364-5075 (electronic) Eurasian Studies in Business and Economics ISBN 978-3-319-22595-1 ISBN 978-3-319-22596-8 (eBook) DOI 10.1007/978-3-319-22596-8 Library of Congress Control Number: 2015954180 Springer Cham Heidelberg New York Dordrecht London © Springer International Publishing Switzerland 2016 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper Springer International Publishing AG Switzerland is part of Springer Science+Business Media (www.springer.com) Preface We are excited to organize our 14th conference on October 23, 24, and 25, 2014, at Hotel Silken Diagonal in Barcelona, Spain. We are honored to have received top-tier papers from distinguished scholars from all over the world. We regret that we were unable to accept more papers than we have. In the conference, 437 papers will be presented and 745 colleagues from 61 countries will attend the conference. We are pleased to announce that distinguished researchers Jonathan Batten and Jose´-Luis Peydro´ will join the conference as keynote speak