DO THE COMPONENTS OF INTELLECTUAL CAPITAL AFFECT THE FINANCIAL PERFORMANCE OF COMPANIES IN THE BIST FOOD INDEX?

Süreyya Yılmaz Özekenci

Makale detayları

DO THE COMPONENTS OF INTELLECTUAL CAPITAL AFFECT THE FINANCIAL PERFORMANCE OF COMPANIES IN THE BIST FOOD INDEX?

Yazarlar:

Süreyya Yılmaz Özekenci

Yayıncı:

Çanakkale Onsekiz Mart University

Ana Başlıklar:

Finansal Ekonomi

Dergi:

Yönetim Bilimleri Dergisi Vol.23 Issue 56, pp.1287-1307

Belge Tipi:

Makale

Yayın Tarihi:

3/2025

Belge Dili:

Türkçe

Document ID (Org No.):

2001342204

pISSN:

1304-5318

Anahtar kelimeler:

Özet:

 The study, which aims to reveal the effect of intellectual capital components on financial performance, uses the financial data of the enterprises in the BIST Food index for the period 2018Q1-2023Q3. In the study, return on assets ratio ROA and Tobins Q ratio were used as dependent variables. As independent variables, the variables of capital employed efficiency CEE, human capital efficiency HCE, structural capital efficiency SCE and Value-Added Intellectual Coefficient VAIC, which is the sum of these three variables, were used as intellectual capital components. In the study, four models were created and the relationship between the variables was investigated using the Pedroni 1999 Co-integration method. According to the results of Model A, which examines the relationship between return on assets and VAIC, a co-integration relationship was found and it was determined that a 1 unit increase in the intellectual value-added coefficient increases return on assets by 1.13 units. According to the results of Model B, which examines the relationship between return on assets and CSE, BSE and ROA, a cointegration relationship is detected and it is determined that a 1-unit increase in capital employed efficiency increases return on assets by 24.86 units and a 1-unit increase in human capital efficiency increases return on assets by 0.82 units. According to the results of Model C, which examines the relationship between Tobins Q and VAIC, a cointegration relationship was detected, but the coefficients were not significant. Finally, according to the results of Model D, which examines the relationship between Tobins Q and KSE, BSE and YSE, no cointegration relationship was detected.

 The study, which aims to reveal the effect of intellectual capital components on financial performance, uses the financial data of the enterprises in the BIST Food index for the period 2018Q1-2023Q3. In the study, return on assets ratio ROA and Tobins Q ratio were used as dependent variables. As independent variables, the variables of capital employed efficiency CEE, human capital efficiency HCE, structural capital efficiency SCE and Value-Added Intellectual Coefficient VAIC, which is the sum of these three variables, were used as intellectual capital components. In the study, four models were created and the relationship between the variables was investigated using the Pedroni 1999 Co-integration method. According to the results of Model A, which examines the relationship between return on assets and VAIC, a co-integration relationship was found and it was determined that a 1 unit increase in the intellectual value-added coefficient increases return on assets by 1.13 units. According to the results of Model B, which examines the relationship between return on assets and CSE, BSE and ROA, a cointegration relationship is detected and it is determined that a 1-unit increase in capital employed efficiency increases return on assets by 24.86 units and a 1-unit increase in human capital efficiency increases return on assets by 0.82 units. According to the results of Model C, which examines the relationship between Tobins Q and VAIC, a cointegration relationship was detected, but the coefficients were not significant. Finally, according to the results of Model D, which examines the relationship between Tobins Q and KSE, BSE and YSE, no cointegration relationship was detected.

 The study, which aims to reveal the effect of intellectual capital components on financial performance, uses the financial data of the enterprises in the BIST Food index for the period 2018Q1-2023Q3. In the study, return on assets ratio ROA and Tobins Q ratio were used as dependent variables. As independent variables, the variables of capital employed efficiency CEE, human capital efficiency HCE, structural capital efficiency SCE and Value-Added Intellectual Coefficient VAIC, which is the sum of these three variables, were used as intellectual capital components. In the study, four models were created and the relationship between the variables was investigated using the Pedroni 1999 Co-integration method. According to the results of Model A, which examines the relationship between return on assets and VAIC, a co-integration relationship was found and it was determined that a 1 unit increase in the intellectual value-added coefficient increases return on assets by 1.13 units. According to the results of Model B, which examines the relationship between return on assets and CSE, BSE and ROA, a cointegration relationship is detected and it is determined that a 1-unit increase in capital employed efficiency increases return on assets by 24.86 units and a 1-unit increase in human capital efficiency increases return on assets by 0.82 units. According to the results of Model C, which examines the relationship between Tobins Q and VAIC, a cointegration relationship was detected, but the coefficients were not significant. Finally, according to the results of Model D, which examines the relationship between Tobins Q and KSE, BSE and YSE, no cointegration relationship was detected.

 Entelektüel sermaye bileşenlerinin finansal performansa olan etkisinin ortaya konulmasının amaçlandığı çalışma BİST Gıda endeksinde yer alan işletmelerin 2018Q1-2023Q3 dönemine ait finansal veriler kullanılmıştır. Çalışmada bağımlı değişken aktif karlılık oranı AKO ile Tobin Q oranı kullanılmıştır. Bağımsız değişken olarak ise, entelektüel sermaye bileşenlerini oluşturan Kullanılan sermaye etkinliği KSE, beşerî sermayesi etkinliği BSE, yapısal sermaye etkinliği YSE ve bu üç değişkenin toplamından oluşan entelektüel katma değer katsayısı EKDK değişkenleri kullanılmıştır. Çalışmada, dört model oluşturulmuş ve değişkenler arasındaki ilişki Pedroni 1999 Eş bütünleşme yöntemi ile araştırılmıştır. Aktif karlılık ve EKDK arasındaki ilişkinin incelendiği Model A sonuçlarına göre eş bütünleşme ilişki tespit edilmiş ve entelektüel katma değer katsayısındaki 1 birimlik artışın aktif karlılığı 1.13 birim arttırdığı tespit edilmiştir. Aktif karlılık ile KSE, BSE ve YSE arasındaki ilişkinin incelendiği Model B sonuçlarına göre eş bütünleşme ilişki tespit edilmiş ve kullanılan sermaye etkinliğindeki 1 birimlik artışın aktif karlılığı 24.86 birim arttırdığı, beşerî sermayesi etkinliğindeki bir birim artışın ise aktif karlılığı 0.82 birim arttırdığı tespit edilmiştir. TobinQ ve EKDK arasındaki ilişkinin incelendiği Model C sonuçlarına göre eş bütünleşme ilişki tespit edilmiş ancak katsayılar anlamlı tespit edilememiştir. Son olarak Tobin Q ile KSE, BSE ve YSE arasındaki ilişkinin incelendiği Model D sonuçlarına göre eş bütünleşme ilişki tespit edilememiştir.

Makale detayları

DO THE COMPONENTS OF INTELLECTUAL CAPITAL AFFECT THE FINANCIAL PERFORMANCE OF COMPANIES IN THE BIST FOOD INDEX?

Yazarlar:

Süreyya Yılmaz Özekenci

Yayıncı:

Çanakkale Onsekiz Mart University

Ana Başlıklar:

Finansal Ekonomi

Dergi:

Yönetim Bilimleri Dergisi Vol.23 Issue 56, pp.1287-1307

Belge Tipi:

Makale

Yayın Tarihi:

3/2025

Belge Dili:

Türkçe

Document ID (Org No.):

2001342204

pISSN:

1304-5318

Intellectual Capital

Financial Performance

CointegrationEntelektüel Sermaye

Finansal Performans

Eş Bütünleşme

Sayı

Makale detayları

DO THE COMPONENTS OF INTELLECTUAL CAPITAL AFFECT THE FINANCIAL PERFORMANCE OF COMPANIES IN THE BIST FOOD INDEX?

Yazarlar: Süreyya Yılmaz Özekenci

Yayıncı: Çanakkale Onsekiz Mart University

Ana Başlıklar: Finansal Ekonomi

Dergi: Yönetim Bilimleri Dergisi Vol.23 Issue 56, pp.1287-1307

Belge Tipi: Makale

Yayın Tarihi: 3/2025

Belge Dili: Türkçe

Document ID (Org No.): 2001342204

pISSN: 1304-5318

Intellectual Capital

Financial Performance

CointegrationEntelektüel Sermaye

Finansal Performans

Eş Bütünleşme

Sayı

Yazarlar:

Süreyya Yılmaz Özekenci

Yayıncı:

Çanakkale Onsekiz Mart University

Ana Başlıklar:

Finansal Ekonomi

Dergi:

Yönetim Bilimleri Dergisi Vol.23 Issue 56, pp.1287-1307

Belge Tipi:

Makale

Yayın Tarihi:

3/2025

Belge Dili:

Türkçe

Document ID (Org No.):

2001342204

pISSN:

1304-5318