Determination of Micro Factors Affecting Exports of Firms: The Case of Borsa Istanbul

Abdullah Ferit Erol; Sinan Aytekin

Makale detayları

Determination of Micro Factors Affecting Exports of Firms: The Case of Borsa Istanbul

Yazarlar:

Abdullah Ferit Erol | Sinan Aytekin

Yayıncı:

Ataturk University

Ana Başlıklar:

İşletme

Dergi:

Trends in Business and Economics Vol.39 Issue 1, pp.26-39

Belge Tipi:

Makale

Yayın Tarihi:

8/2025

Belge Dili:

Türkçe

Document ID (Org No.):

2001338698

pISSN:

2822-2652

Anahtar kelimeler:

Özet:

 Exports, which significantly contribute to the financial growth of countries and businesses, have been the subject of many academic studies. The majority of scientific research on this topic has focused on identifying the macroeconomic factors influencing exports. This study aims to determine the firm-level factors affecting exports. In this context, quarterly data from 2018-2023 of 125 export-oriented companies listed on Borsa Istanbul were used. Overseas Sales OS was included as the dependent variable, while Marketing, Selling and Distribution Expenses MSDE, Tangible Fixed Assets TFA, Intangible Fixed Assets ITFA, Total Assets TA, and Investment Expenditures IE have included as independent variables in the study. The variables have tested using the Driscoll-Kraay robust estimator. According to the results of the research, MSDE and TA factors have found to have a significant and positive relationship with exports, while the ITFA variable had a significant but negative relationship. No significant relationship was found between TFA and IE factors and exports. Furthermore, it was concluded that the MSDE variable is the most significant contributor to exports.

 Exports, which significantly contribute to the financial growth of countries and businesses, have been the subject of many academic studies. The majority of scientific research on this topic has focused on identifying the macroeconomic factors influencing exports. This study aims to determine the firm-level factors affecting exports. In this context, quarterly data from 2018-2023 of 125 export-oriented companies listed on Borsa Istanbul were used. Overseas Sales OS was included as the dependent variable, while Marketing, Selling and Distribution Expenses MSDE, Tangible Fixed Assets TFA, Intangible Fixed Assets ITFA, Total Assets TA, and Investment Expenditures IE have included as independent variables in the study. The variables have tested using the Driscoll-Kraay robust estimator. According to the results of the research, MSDE and TA factors have found to have a significant and positive relationship with exports, while the ITFA variable had a significant but negative relationship. No significant relationship was found between TFA and IE factors and exports. Furthermore, it was concluded that the MSDE variable is the most significant contributor to exports.

 Exports, which significantly contribute to the financial growth of countries and businesses, have been the subject of many academic studies. The majority of scientific research on this topic has focused on identifying the macroeconomic factors influencing exports. This study aims to determine the firm-level factors affecting exports. In this context, quarterly data from 2018-2023 of 125 export-oriented companies listed on Borsa Istanbul were used. Overseas Sales OS was included as the dependent variable, while Marketing, Selling and Distribution Expenses MSDE, Tangible Fixed Assets TFA, Intangible Fixed Assets ITFA, Total Assets TA, and Investment Expenditures IE have included as independent variables in the study. The variables have tested using the Driscoll-Kraay robust estimator. According to the results of the research, MSDE and TA factors have found to have a significant and positive relationship with exports, while the ITFA variable had a significant but negative relationship. No significant relationship was found between TFA and IE factors and exports. Furthermore, it was concluded that the MSDE variable is the most significant contributor to exports.

 Ülkelerin ve işletmelerin finansal olarak büyümesine önemli katkı sağlayan ihracat, birçok akademik çalışmaya konu olmuştur. Bu konudaki bilimsel çalışmaların çoğunluğu ihracatı etkileyen makroekonomik etkenlerin belirlenmesi üzerine yapılmıştır. Bu çalışmada, ihracatı etkileyen işletme içi faktörlerin belirlenmesi amaçlanmaktadır. Bu kapsamda, Borsa İstanbulda işlem gören ve ihracat yapan 125 işletmenin 2018-2023 yıllarına ait çeyrek dönemlik verileri kullanılmıştır. Yurt Dışı Satışlar YDS bağımlı değişken olarak Pazarlama, Satış ve Dağıtım Giderleri PSDG, Maddi Duran Varlıklar MDV, Maddi Olmayan Duran Varlıklar MODV, Aktif Toplamı AKTF ve Yatırım Harcamaları YTRM bağımsız değişken olarak çalışmaya dahil edilmiştir. Değişkenler Driscoll-Kraay dirençli tahmincisi ile test edilmiştir. Çalışmanın sonucuna göre PSDG ve AKTF faktörlerinin ihracatla arasında anlamlı ve pozitif bir ilişki varken MODV değişkeni ile anlamlı ancak negatif yönlü bir ilişki olduğu tespit edilmiştir. MDV ve YTRM faktörleri ile ihracat arasında anlamlı bir ilişki bulunamamıştır. Ayrıca ihracata en önemli katkı sağlayan değişkenin PSDG olduğu sonucuna ulaşılmıştır.

Makale detayları

Determination of Micro Factors Affecting Exports of Firms: The Case of Borsa Istanbul

Yazarlar:

Abdullah Ferit Erol | Sinan Aytekin

Yayıncı:

Ataturk University

Ana Başlıklar:

İşletme

Dergi:

Trends in Business and Economics Vol.39 Issue 1, pp.26-39

Belge Tipi:

Makale

Yayın Tarihi:

8/2025

Belge Dili:

Türkçe

Document ID (Org No.):

2001338698

pISSN:

2822-2652

Export

Borsa Istanbul

Micro Factors Affecting Exportİhracat

Borsa İstanbul

İhracatı Etkileyen Mikro Faktörler

Sayı

Makale detayları

Determination of Micro Factors Affecting Exports of Firms: The Case of Borsa Istanbul

Yazarlar: Abdullah Ferit Erol | Sinan Aytekin

Yayıncı: Ataturk University

Ana Başlıklar: İşletme

Dergi: Trends in Business and Economics Vol.39 Issue 1, pp.26-39

Belge Tipi: Makale

Yayın Tarihi: 8/2025

Belge Dili: Türkçe

Document ID (Org No.): 2001338698

pISSN: 2822-2652

Export

Borsa Istanbul

Micro Factors Affecting Exportİhracat

Borsa İstanbul

İhracatı Etkileyen Mikro Faktörler

Sayı

Yazarlar:

Abdullah Ferit Erol | Sinan Aytekin

Yayıncı:

Ataturk University

Ana Başlıklar:

İşletme

Dergi:

Trends in Business and Economics Vol.39 Issue 1, pp.26-39

Belge Tipi:

Makale

Yayın Tarihi:

8/2025

Belge Dili:

Türkçe

Document ID (Org No.):

2001338698

pISSN:

2822-2652