One of the most important research questions is whether the export orientation of firms will result in increased productivity and profitability, or reduced profitability due to the extra costs of opening up to foreign countries. In this study, the impact of exports on the financial performance of the firm as different from studies examining the sample of firms listed on the Borsa Istanbul (BIST) is discussed. Turkey's largest 500 industrial firms are used as the sample. Istanbul Chamber of Industry (ISO) 500 firms, which can be considered as one of the firms with the highest export potential, are discussed. The relationship between export and profitability of the firms whose data can be reached for 20 years in the period of 1998-2017 is revealed by panel cointegration analyzes. As a result of the analysis, a negative relationship is found between export density and profitability. The extra costs of opening to foreign countries and the necessities of maintaining a presence in high competition cause a decrease in the profitability of companies. Turkey’s trade and financial liberalization is based on a recent past, contrary to many developed countries. For this reason, it is thought that the advantages of internationalization have not yet fully reflected on the firms.
|Konular||İşletme, İşletme Finans|
Yayımlanma Tarihi : 31 Ağustos 2020
|APA||Akın Aksoy, E , Kandi̇l Göker, İ . (2020). İhracat ve Karlılık İlişkisine ISO 500 Firmaları Örnekleminde Mikro Bir Bakış Açısı . Ekonomi Politika ve Finans Araştırmaları Dergisi , 5 (2) , 358-373 . DOI: 10.30784/epfad.742081|