https://www.um.edu.mt/library/oar/handle/123456789/69988 2026-06-30T17:11:04Z https://www.um.edu.mt/library/oar/handle/123456789/70860 Title: REITs in Turkey : fundamentals vs. market Authors: Önder, Emrah; Taş, Nihat; Hepşen, Ali Abstract: Financial performance evaluation of real estate investment trusts (REITs) is a kind of multicriteria decision making (MCDM) problem. It is very important for a firm to monitor a wide range of performance indicators in order to ensure that appropriate and timely decisions and plans can be made. Suitable performance measures can ensure that managers adopt a long-term perspective and allocate the company’s resources to the most effective activities. The aim of this study is to evaluate the financial performance model of Turkish Real Estate Investment Trusts (REITs) during 2012-2013 period using multi criteria decision techniques. Analytical Network Process (ANP) and Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) methodologies are used for the outranking of trusts. This model is applied to a case study for the financial performance evaluation of 24 REITs (Akfen, Akiş, Akmerkez, Alarko, Ata, Atakule, Avrasya, Doğuş, Emlak Konut, İdealist, İş, Kiler, Martı, Nurol, Özderici, Pera, Reysaş, Saf, Sinpaş, Torunlar, TSKB, Vakıf, Yapı Kredi Koray and Yeşil) in Turkey. Financial performance indicators namely Asset Growth Rate, Operating Costs / Net Sales, Return on Asset, Net Profit Margin, Return on Equity, Current Ratio, Long Term Assets / Total Assets and Quick Ratio are used for ranking the firms. The findings of this paper would help REIT managers and investors for creating more effective investment strategies. For the management side, rises, falls, and turning points of the fundamental indicators puts into perspective the effects of investment and financing policies created to deal with them. For the investors’ side, comparing fundamental and market values provide them to analyze REITs are over or undervalued in the financial market. 2014-01-01T00:00:00Z https://www.um.edu.mt/library/oar/handle/123456789/70859 Title: Unemployment modelled through M|G|∞ systems Authors: Ferreira, Manuel Alberto M.; Filipe, José António; Coelho, Manuel Abstract: Using results on the M|G|∞ queue busy period, it is presented an application of this queue system in the unemployment periods parameters and distribution function study. 2014-01-01T00:00:00Z https://www.um.edu.mt/library/oar/handle/123456789/70858 Title: Cointegration and structural breaks in the EU sovereign debt crisis Authors: Ferreira, Nuno; Menezes, Rui; Bentes, Sónia Abstract: First signs of a sovereign debt crisis spread among financial players in the late 2009 as a result of the growing private and government debt levels worldwide. Late 2010, Trichet (then President of the ECB) stated that the sovereign debt crisis in Europe had become systemic. In an established crisis context, it was searched for evidence of structural breaks and cointegration between interest rates and stock market prices. A 13 year time-window was used in six European markets under stress. The results identified significant structural breaks at the end of 2010 and consistently rejected the null hypothesis of no cointegration. 2014-01-01T00:00:00Z https://www.um.edu.mt/library/oar/handle/123456789/70857 Title: The board’s attributes and their influence in company’s performance. A review over the recent literature Authors: Pereira, Vítor; Filipe, José Abstract: This article provides a discussion supported on the review of the recent literature that analyses the relationship between board’s attributes and the company performance. Furthermore, we discuss the methodology used and identify its limitations. Finally, we present some problems to solve these limitations and show other interesting topics for future research. 2014-01-01T00:00:00Z