FACTORS AFFECTING THE PROFITABILITY OF PUBLICLY TRADED COMPANIES: EVIDENCE FROM BORSA ISTANBUL

Year 2026, Volume: 24 Issue: 1, 100 - 115, 21.03.2026

Mehmet Güneş , Nour Eldin Sadek

https://doi.org/10.11611/yead.1567505

https://izlik.org/JA48KT98HK

Abstract

This study investigates the factors influencing the profitability of companies listed on Borsa Istanbul following their Initial Public Offering (IPO). Using a sample of 28 firms that went public in 2022, excluding real estate and investment companies, we examine the impact of firm age, size, price-to-book ratio, and debt ratio on post-IPO profitability, measured by change in return on assets). Data was collected from the Public Disclosure Platform, and outliers are removed using the ±3 standard deviation method. Through simple linear regression analysis, the study reveals that these factors do not significantly predict changes in profitability except for the P/B ratio which has some effects on the first year, highlighting the complexity of post-IPO performance in emerging markets like Turkey. The findings offer valuable insights for investors, analysts, and policymakers interested in understanding the financial dynamics of newly public companies and contribute to the broader discussion on post-IPO profitability determinants.

Keywords

IPO , RETURN ON ASSETS , FINANCIAL PERFORMANCE , PROFITABILITY , BORSA İSTANBUL

Ethical Statement

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FACTORS AFFECTING THE PROFITABILITY OF PUBLICLY TRADED COMPANIES: EVIDENCE FROM BORSA ISTANBUL

https://izlik.org/JA48KT98HK

Abstract

Project Number

yoktur

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