TR33 bölgesinde sektörel uzmanlaşma ve finansal performansın şirketlerin sürdürülebilirliği üzerine etkisi

Year 2025, Volume: 27 Issue: Özel Sayı, 67 - 84

Salih Tutar

Abstract

Uzun vadeli stratejik ve finansal planlamanın ön koşulu olan sürdürülebilir büyüme, şirketlerin değer yaratarak uzun vadede varlığını sürdürmesini esas alan geleceğe yönelik bir kavramdır. Bu makalenin temel amacı, TR33 bölgesinde faaliyet gösteren ve Borsa İstanbul Endeksi’nde listelenen şirketler sürdürülebilir büyüme oranı çerçevesinde karşılaştırmak ve sürdürülebilir büyüme oranı üzerinde etkisi olan göstergeleri belirlemektir. Sürdürülebilir büyüme oranını etkileyen faktörleri kapsamlı bir şekilde analiz etmek için geliştirilen model tahmini sabit etkiler yöntemi kullanılmıştır. Analizler, Borsa İstanbul’da endekslenen TR33 bölgesindeki şirketlere ait 2017-2023 yılları arasındaki sekiz yıllık döneme ait 280 gözleme dayanmaktadır. Elde edilen sonuçlar, borçlanma oranının sürdürülebilir büyüme oranı üzerinde olumsuz bir etkiye sahip olduğunu, kârlılığın ve varlık devir hızının ise sürdürülebilir büyüme üzerinde olumlu etkisi olduğunu göstermiştir. Ayrıca şirket büyüklüğünün ve kaldıraç oranının sürdürülebilir büyüme oranı üzerinde anlamlı bir etkisi olmadığını göstermiştir. Bu çalışma şirket yöneticilerine ve diğer karar alıcılara mali zorluklar yaşamadan sağlıklı bir şekilde büyümeyi sağlaması konusunda fikir vermesi beklenmektedir. Ayrıca, tüm iç ve dış paydaşlara şirket büyüme planlarının gerçekliği ve gelecekteki sürdürülebilir büyüme fırsatları hakkında iç görü sağlaması ve bir şirketin uzun vadeli performansını tahmin etmek için bir temel oluşturması umulmaktadır.

Keywords

TR33 Bölgesi, Sürdürülebilir Büyüme Oranı, Bölgesel Kalkınma, Finansal Performans

The impact of sectoral specialization and financial performance on the sustainability of companies in the TR33 region

Abstract

Sustainable growth, which is a prerequisite for long-term strategic and financial planning, is a future-oriented concept that focuses on companies creating value and securing their existence in the long term. The main objective of this article is to compare companies operating in the TR33 region and listed in the Borsa Istanbul Index within the framework of the sustainable growth rate and to determine the indicators that have an impact on the sustainable growth rate. The fixed effects method of model estimation was used to comprehensively analyze the factors affecting the sustainable growth rate. The analyses are based on 280 observations of companies from the TR33 region listed in the Borsa Istanbul Index for the eight-year period between 2017 and 2023. The results obtained show that leverage has a negative effect on the sustainable growth rate, while profitability and asset turnover have a positive effect on sustainable growth. It was also shown that company size and leverage ratio have no significant effect on the sustainable growth rate. The expected that this study will give company managers and other decision-makers ideas on how to achieve healthy growth without getting into financial difficulties. It will also be hoped to provide all internal and external stakeholders with an insight into the reality of the company's growth plans and future sustainable growth opportunities and provide a basis for predicting a company's long-term performance.

Keywords

TR33 region, sustainable growth rate, regional development, sustainability, financial performance

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