Journal of Business and Management Sciences

The aim of this paper was to define and focus on Sport Sponsorship in Turkey according to financial issues. Sport sponsorship was very weak in Turkish sport area before 2004. By the time, The Turkish Government has decided to legislate a special law for supporting “SPORT” and they have regulated some of the financial laws based on 1986 General Directorate of Youth and Sport (GDYS) Law.The new law has started a very efficient age for Turkish sport. On the other hand the new “Autonomous Sport Federation” law had been published in the same time. However that was not real autonomy for the federations. The rules which called “Frame Status for Autonomous Sport Federations” gave some limitations and restrictions to the federations like regulations, financial situations or administrative models. Only football federation has a different situation and has got own special law which was published in 1986. Although football federation and the football clubs could have benefits from the new sport sponsorship law, the rule says that professional sport clubs can show only the %50 of the sponsorship amount as a tax relief. According to the Turkish laws football is the only professional sport branch in Turkey.

Journal of Business and Management Sciences. 2013, 1(1), 10-13. DOI: 10.12691/jbms-1-1-3
Pub. Date: March 23, 2013

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Role of Indian Mutual Funds in Financial Inclusion: Public Vs Private Sector

by G.V.SATYA SEKHAR

Original Research

The mutual fund organizations are taking active part in financial inclusiveness and they are promoting investment habit among the investors. At present there are 37 Asset Management Companies (AMCs) comprise the mutual fund industry and manage assets over Rs 8075 billion. This industry has undergone spectacular growth in recent years, making this study one of extreme interest. In this context, this paper is intended to examine the role of mutual fund organization in financial inclusiveness with reference to performance through public and private sector.

Journal of Business and Management Sciences. 2013, 1(1), 4-9. DOI: 10.12691/jbms-1-1-2
Pub. Date: March 15, 2013

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The Chaotic Monopoly Profit Growth Model and a Pigouvian Tax

by Vesna D. Jablanovic

Original Research

Deterministic chaos refers to irregular or chaotic motion that is generated by nonlinear systems. The chaotic behavior is not to quantum-mechanical-like uncertainty. Chaos theory is used to prove that erratic and chaotic fluctuations can indeed arise in completely deterministic models. Chaotic systems exhibit a sensitive dependence on initial conditions. Seemingly insignificant changes in the initial conditions produce large differences in outcomes. The basic aim of this paper is to construct a relatively simple chaotic growth model of the monopoly price that is capable of generating stable equilibria, cycles, or chaos. A key hypothesis of this work is based on the idea that the coefficient μ =f (n – b – d ) plays a crucial role in explaining local stability of the monopoly profit, where, b – the coefficient of the total cost function of the monopoly firm, n - the coefficient of the inverse demand function, d - the Pigovian tax rate.

Journal of Business and Management Sciences. 2013, 1(1), 1-3. DOI: 10.12691/jbms-1-1-1
Pub. Date: March 07, 2013

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