Innovation, Finance, and the Economy Proceedings of the 13th Eurasia

The first volume of the Eurasian Studies in Business and Economics, the official proceedings series of the Eurasia Business and Economics Society (EBES), includes selected papers from the 13th EBES Conference held in Istanbul in 2014. This volume covers t

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Mehmet Huseyin Bilgin Hakan Danis Ender Demir Chi Keung Marco Lau Editors

Innovation, Finance, and the Economy Proceedings of the 13th Eurasia Business and Economics Society Conference

Eurasian Studies in Business and Economics Series Editors: Mehmet Huseyin Bilgin, Istanbul, Turkey Hakan Danis, San Francisco, CA, USA Representing Eurasia Business and Economics Society

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More information about this series at http://www.springer.com/series/13544

Mehmet Huseyin Bilgin • Hakan Danis • Ender Demir • Chi Keung Marco Lau Editors

Innovation, Finance, and the Economy Proceedings of the 13th Eurasia Business and Economics Society Conference

Editors Mehmet Huseyin Bilgin Faculty of Economics Istanbul Medeniyet University Istanbul Turkey

Hakan Danis MUFG Union Bank San Francisco, CA USA

Ender Demir Faculty of Tourism Istanbul Medeniyet University Istanbul Turkey

Chi Keung Marco Lau Newcastle Business School University of Northumbria Newcastle upon Tyne United Kingdom

ISSN 2364-5067 ISSN 2364-5075 (electronic) Eurasian Studies in Business and Economics ISBN 978-3-319-15879-2 ISBN 978-3-319-15880-8 (eBook) DOI 10.1007/978-3-319-15880-8 Library of Congress Control Number: 2015939686 Springer Cham Heidelberg New York Dordrecht London © Springer International Publishing Switzerland 2015 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 13th conference on June 5th, 6th, and 7th, 2014, at Istanbul Bilgi University in Istanbul, Turkey. We are honored to have received toptier 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, 278 papers were presented and 518 colleagues from 62 countries attended the conference. We are honored that distinguished researchers Cheng Hsiao (the University of Southern California, USA)