THE EFFECT OF FIRM SIZE ON PROFITABILITY: EVIDENCE FROM TURKISH MANUFACTURING SECTOR

Ozcan ISİK; Esra AYDİN UNAL; Yener UNAL

doi:https://doi.org/10.17261/Pressacademia.2017.762

Makale detayları

THE EFFECT OF FIRM SIZE ON PROFITABILITY: EVIDENCE FROM TURKISH MANUFACTURING SECTOR

Yazarlar:

Ozcan ISİK | Esra AYDİN UNAL | Yener UNAL

Yayıncı:

PressAcademia

Ana Başlıklar:

Sosyoloji & antropoloji

Dergi:

Journal of Business Economics and Finance 2017 Vol.6 Issue 4, pp.301-308

Belge Tipi:

Makale

Yayın Tarihi:

12/2017

Belge Dili:

Türkçe

Document ID (Org No.):

2000737692

Sıklık:

Üç Aylık

eISSN:

2146-7943

DOI:

https://doi.org/10.17261/Pressacademia.2017.762

Özet:

 


Purpose - This study investigates whether size of 112 publicly
listed firms in manufacturing sector affects their profitability in Turkey
during the period 2005-2013. 


Methodology - Dynamic panel data approach (i.e. two-step system GMM
estimator) taking into account potential endogeneity of firm-level variables is
employed to estimate the effect of alternative firm size indicators on firm
profitability.  


Findings- Estimation results suggest that after controlling for
financial risk, liquidity level, growth opportunities, unsystematic risk, firm
age, and the other factors, the indicators of firm size measured by firm’s
assets, sales and number of employees tend to have a positive influence on the
profitability of firm measured by operating return on assets.

Conclusion- There is enough statistical evidence to support a
linear relation between firm size measures and profitability of firms in the
period analyzed. However, our empirical results do not support the quadratic or
cubic association between size measures and profitability.



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Makale detayları

THE EFFECT OF FIRM SIZE ON PROFITABILITY: EVIDENCE FROM TURKISH MANUFACTURING SECTOR

Yazarlar: Ozcan ISİK | Esra AYDİN UNAL | Yener UNAL

Yayıncı: PressAcademia

Ana Başlıklar: Sosyoloji & antropoloji

Dergi: Journal of Business Economics and Finance 2017 Vol.6 Issue 4, pp.301-308

Belge Tipi: Makale

Yayın Tarihi: 12/2017

Belge Dili: Türkçe

Document ID (Org No.): 2000737692

Sıklık: Üç Aylık

eISSN: 2146-7943

DOI: https://doi.org/10.17261/Pressacademia.2017.762

Sayı

Yazarlar:

Ozcan ISİK | Esra AYDİN UNAL | Yener UNAL

Yayıncı:

PressAcademia

Ana Başlıklar:

Sosyoloji & antropoloji

Dergi:

Journal of Business Economics and Finance 2017 Vol.6 Issue 4, pp.301-308

Belge Tipi:

Makale

Yayın Tarihi:

12/2017

Belge Dili:

Türkçe

Document ID (Org No.):

2000737692

Sıklık:

Üç Aylık

eISSN:

2146-7943

DOI:

https://doi.org/10.17261/Pressacademia.2017.762