Investments in R&D make national production possible for sustainable growth of Turkey and increase value of enterprises. The high share values of enterprises affect direct foreign capital. Direct effects of R&D investments within a certain period on BIST indexes of Technology, Information and Communication is made out. Unit Root and Granger Causality tests were used. It is determined the Information and Communication indexes affect R&D expenditures in the long term. Increase in expenditures enhanses stock returns of companies in communication and information industries in long term; increase in stock returns of companies in these industries enhanses R&D investments of companies.
Primary Language | Turkish |
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Journal Section | Articles |
Authors | |
Publication Date | September 23, 2019 |
Published in Issue | Year 2019 Volume: 8 Issue: 2 |