DRESSES, FABRIC AND SPECIAL ITEMS AND VALUES OF THE OTTOMAN PADIŞAH AND BÜROKRATS (1670-1672)

The need for cover is a requirement in all parts of the world. More or less this need has been realized in almost every society. In addition, clothing is one of the basic needs of human beings. This basic need has become a pleasure over time, and the temporary innovation that has entered the life of society with the desire to dress completely or the need for change has turned into an excessive, common indulgence shown by the society for a certain period of time. When we evaluate clothing in terms of nations, it has gained very different meanings with the effect of the cultural structure of the society. Considering this situation in the context of civilizations, of course, we can say that it has presented a similar privilege. In short, every society has made its dress code suitable for its culture and civilization. As in the rest of the world, the robes, dresses, turbans and fabrics of the Ottoman sultans showed themselves clearly as an indicator of the position, wealth and status. Especially caftans, fabrics and patterns, each one is a masterpiece of art. Despite having a simple form according to researches, Ottoman caftans have a very magnificent appearance and beauty. The decorations made for these caftans, lining and moldings, fur ornaments, ornaments made with buttons are very perfect. These caftans have aroused the admiration of the whole world with their fabric, motif and splendor, and many researches have been done on these caftans, which have been exhibited and preserved in various local and foreign museums. The sultan's clothes in the Topkapı Palace Museum Sultan's Clothes Archive consist of approximately 2500 pieces. Most of these are hilat, robes and shalwars. In addition, although it is less, there are also children's (prince's) clothes, so there are no women's clothes. RESEARCH ARTICLE ATLAS Journal International Refereed Journal On Social Sciences e-ISSN:2619-936X Arrival Date : 19.03.2021 Published Date : 30.04.2021 2021, Vol:7, Issue:40 pp: 1740- 1758 DOI: http://dx.doi.org/10.31568/atlas.676 ATLAS INTERNATIONAL REFEREED JOURNAL ON SOCIAL SCIENCES Year: 2021 Vol:7 Issue: 40 1740 Here, 21 caftans belonging to Fatih Sultan Mehmet, 77 caftans belonging to Suleiman the Magnificent, 13 caftans belonging to I. Ahmet, II. 30 caftans belonging to Osman, IV. While it is known that there were 27 caftans belonging to Murat, the caftans belonging to six rulers before Fatih Sultan Mehmet were not mentioned by name. In this study, the money spent for the clothes of the sultan in the Archives of the Prime Ministry Ottoman Archives, Topkapı Palace Museum, the cocks and dresses that the sultan had to buy from the council; In dâbü's-sâ, we will focus on the kafân, sarık, other items and values that are deserved by the landlords, the palace-i Atiq aghas, the boys, the Treasury, the cellar, the lords of the Voyage rooms and the people in charge. Keywords: Ottoman, Sultan, Bureaucrat, Clothes, Fabric, Special Items.

DRESSES, FABRIC AND SPECIAL ITEMS AND VALUES OF THE OTTOMAN PADIŞAH AND BÜROKRATS (1670-1672)

The need for cover is a requirement in all parts of the world. More or less this need has been realized in almost every society. In addition, clothing is one of the basic needs of human beings. This basic need has become a pleasure over time, and the temporary innovation that has entered the life of society with the desire to dress completely or the need for change has turned into an excessive, common indulgence shown by the society for a certain period of time. When we evaluate clothing in terms of nations, it has gained very different meanings with the effect of the cultural structure of the society. Considering this situation in the context of civilizations, of course, we can say that it has presented a similar privilege. In short, every society has made its dress code suitable for its culture and civilization. As in the rest of the world, the robes, dresses, turbans and fabrics of the Ottoman sultans showed themselves clearly as an indicator of the position, wealth and status. Especially caftans, fabrics and patterns, each one is a masterpiece of art. Despite having a simple form according to researches, Ottoman caftans have a very magnificent appearance and beauty. The decorations made for these caftans, lining and moldings, fur ornaments, ornaments made with buttons are very perfect. These caftans have aroused the admiration of the whole world with their fabric, motif and splendor, and many researches have been done on these caftans, which have been exhibited and preserved in various local and foreign museums. The sultan's clothes in the Topkapı Palace Museum Sultan's Clothes Archive consist of approximately 2500 pieces. Most of these are hilat, robes and shalwars. In addition, although it is less, there are also children's (prince's) clothes, so there are no women's clothes. Here, 21 caftans belonging to Fatih Sultan Mehmet, 77 caftans belonging to Suleiman the Magnificent, 13 caftans belonging to I. Ahmet, II. 30 caftans belonging to Osman, IV. While it is known that there were 27 caftans belonging to Murat, the caftans belonging to six rulers before Fatih Sultan Mehmet were not mentioned by name. In this study, the money spent for the clothes of the sultan in the Archives of the Prime Ministry Ottoman Archives, Topkapı Palace Museum, the cocks and dresses that the sultan had to buy from the council; In dâbü's-sâ, we will focus on the kafân, sarık, other items and values that are deserved by the landlords, the palace-i Atiq aghas, the boys, the Treasury, the cellar, the lords of the Voyage rooms and the people in charge. Keywords: Ottoman, Sultan, Bureaucrat, Clothes, Fabric, Special Items.

From Accounting to Economics: The Role of Aggregate Special Items in Gauging the State of the Economy

We propose and find that aggregate special items conveys more information about future real GDP growth than aggregate earnings before special items because the former contains advance news about future economic outcomes. A two-stage rational expectations test reveals that professional forecasters fully understand the information content of aggregate earnings before special items but underestimate that of aggregate special items when revising their GDP forecasts. Using vector autoregressions, we show that aggregate earnings before special items has predictive ability for GDP because, as suggested by previous literature, it acts as a proxy for corporate profits included in national income. In contrast, aggregate special items captures changes in the behavior of economic agents on a timely basis, which in turn have real effects on firms' investment and hiring, as well as consumers' wealth and spending. Consistent with news-driven business cycles, we find that aggregate special items produces synchronized movements across macroeconomic aggregates.

Do IPO Firms Misclassify Expenses? Implications for IPO Price Formation and Post-IPO Stock Performance

This study investigates whether initial public offering (IPO) firms inflate “core” earnings through classification shifting (i.e., misclassifying core expenses as income-decreasing special items) immediately prior to IPOs. We provide initial evidence that IPO firms engage in classification shifting in the pre-IPO period. Using hand-collected price and share information from IPO prospectuses, we find that pre-IPO classification shifting is positively associated with a price revision from the midpoint of the initial price range to the final offer price, suggesting that pre-IPO classification shifting influences IPO price formation. Furthermore, we find that pre-IPO classification shifting is negatively associated with post-IPO stock returns. Overall, our findings caution investors, auditors, and regulators that classification shifting, a seemingly innocuous accounting maneuver, can mislead investors in their IPO valuation and is associated with post-IPO underperformance. This paper was accepted by Brian Bushee, accounting.

Another Look at the Macroeconomic Information Content of Aggregate Earnings: Evidence from the Labor Market

We examine the macroeconomic information content of aggregate earnings from the labor market's perspective. We use insights from the labor economics literature to characterize the information contained in aggregate GAAP earnings and its components that is relevant for predicting aggregate job creation and destruction. Our results suggest that not only does aggregate earnings news convey information about future labor market aggregates, but its information content is incremental to other macroeconomic variables at near-term horizons. Further, the source of this information stems primarily from two earnings components: aggregate core earnings and special items. Shocks to core earnings signal persistent changes in economy-wide profitability that predict aggregate job creation up to four quarters ahead, while shocks to special items predict job destruction up to one quarter. Taken together, our results suggest that aggregate earnings contain useful information about future labor market conditions, with the nature of such information varying across earnings components.