İmalat Sanayii İşletmelerinde Ar-Ge Harcaması Bilgisinin Değer İlişkisi

Gülşah Kulalı

doi:10.18037/ausbd.801841

İmalat Sanayii İşletmelerinde Ar-Ge Harcaması Bilgisinin Değer İlişkisi

Öz

Bu çalışmanın amacı, Türkiye’deki imalat sanayii işletmeleri için maddi olmayan duran varlık yatırımlarından biri olan Ar-Ge harcamalarının değer ilişkisini araştırmaktır. 2014-2018 yılları arasında aralıksız kar etmiş olan ve BIST’te işlem gören 45 adet işletmenin bu beş yıllık süreçteki verileri ile, Ohlson (1995) değerleme modelini temel alan doğrusal bir panel regresyon modeli tahmin edilmiştir. 2014-2018 dönemine ilişkin iki, dört ve altı ay gecikmeli fiyatlar için kurulan modellerin her birinden elde edilen bulgular göstermektedir ki; Ar-Ge harcaması bilgisi piyasa tarafından pozitif değerlenmiştir. Panelde Ar-Ge harcaması bilgisinin fiyat üzerindeki etkisi 31 Aralık tarihinden sonra ilk iki ay içinde bir noktada ortaya çıkmış; ve Şubat, Nisan, Haziran ayları son günleri arasında, etkinin en fazla olduğu nokta Nisan ayı son günü fiyatı olmuştur. Kurulan modellerde kontrol değişkeni olarak yer alan işletme büyüklüğü değişkeninin katsayısının pozitif olması, işletmeler büyüdükçe büyüklüğün işletmenin piyasa değeri faydasını arttığını göstermektedir.

Anahtar Kelimeler

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Ayrıntılar

Birincil Dil

Türkçe

Konular

-

Bölüm

Araştırma Makalesi

Yazarlar

Gülşah Kulalı Bu kişi benim
Andorra

Yayımlanma Tarihi

29 Eylül 2020

Gönderilme Tarihi

9 Haziran 2020

Kabul Tarihi

1 Eylül 2020

Yayımlandığı Sayı

Yıl 2020 Cilt: 20 Sayı: 3

DOI

https://doi.org/10.18037/ausbd.801841

IZ

https://izlik.org/JA59YS46TS

Kaynak Göster

RIS / Bibtex

APA

Kulalı, G. (2020). İmalat Sanayii İşletmelerinde Ar-Ge Harcaması Bilgisinin Değer İlişkisi. Anadolu Üniversitesi Sosyal Bilimler Dergisi, 20(3), 109-130. https://doi.org/10.18037/ausbd.801841

AMA

1.Kulalı G. İmalat Sanayii İşletmelerinde Ar-Ge Harcaması Bilgisinin Değer İlişkisi. AÜSBD. 2020;20(3):109-130. doi:10.18037/ausbd.801841

Chicago

Kulalı, Gülşah. 2020. “İmalat Sanayii İşletmelerinde Ar-Ge Harcaması Bilgisinin Değer İlişkisi”. Anadolu Üniversitesi Sosyal Bilimler Dergisi 20 (3): 109-30. https://doi.org/10.18037/ausbd.801841.

EndNote

Kulalı G (01 Eylül 2020) İmalat Sanayii İşletmelerinde Ar-Ge Harcaması Bilgisinin Değer İlişkisi. Anadolu Üniversitesi Sosyal Bilimler Dergisi 20 3 109–130.

IEEE

[1]G. Kulalı, “İmalat Sanayii İşletmelerinde Ar-Ge Harcaması Bilgisinin Değer İlişkisi”, AÜSBD, c. 20, sy 3, ss. 109–130, Eyl. 2020, doi: 10.18037/ausbd.801841.

ISNAD

Kulalı, Gülşah. “İmalat Sanayii İşletmelerinde Ar-Ge Harcaması Bilgisinin Değer İlişkisi”. Anadolu Üniversitesi Sosyal Bilimler Dergisi 20/3 (01 Eylül 2020): 109-130. https://doi.org/10.18037/ausbd.801841.

JAMA

1.Kulalı G. İmalat Sanayii İşletmelerinde Ar-Ge Harcaması Bilgisinin Değer İlişkisi. AÜSBD. 2020;20:109–130.

MLA

Kulalı, Gülşah. “İmalat Sanayii İşletmelerinde Ar-Ge Harcaması Bilgisinin Değer İlişkisi”. Anadolu Üniversitesi Sosyal Bilimler Dergisi, c. 20, sy 3, Eylül 2020, ss. 109-30, doi:10.18037/ausbd.801841.

Vancouver

1.Gülşah Kulalı. İmalat Sanayii İşletmelerinde Ar-Ge Harcaması Bilgisinin Değer İlişkisi. AÜSBD. 01 Eylül 2020;20(3):109-30. doi:10.18037/ausbd.801841