ANALYZING THE EFFECTS OF GENERAL ADMINISTRATIVE EXPENSES ON PROFITABILITY: AN APPLICATION ON BIST

Öz

The determination of the relationships between the financial ratios of the companies operating in the financial markets is important both for the evaluation of the companies and for the investor decisions. The analysis of the indicators that guide the complex investment process also provides information about the sector. By applying methods such as financial failure, financial performance, ratio analysis for the companies, it is determined how the goals and objectives are achieved. In addition, as a result of the analyzes performed, continuity and sustainability situations are determined. This study investigates the effects of general administrative expenses on the profitability of companies traded in Borsa Istanbul (BIST) for 2012-2022. In the study, sectors and indices such as banks, financial institutions, sports, and enterprises with discontinuous data are excluded from the scope of the study. Panel causality tests reveal a bidirectional causality relationship between general administrative expenses and profitability. The findings emphasize that general administrative expenses significantly affect profitability, which may have important implications for tax planning, and emphasize the importance of considering general administrative expenses in companies' financial planning.

Anahtar Kelimeler

• General Administrative Expenses
• Profitability
• Panel Causality
• BIST

Genel Yönetim Giderlerinin Kârlılık Üzerindeki Etkilerinin Analizi: BIST Üzerinde Bir Uygulama

Öz

Finansal piyasalarda faaliyet gösteren şirketlerin finansal oranları arasındaki ilişkilerin belirlenmesi hem şirketlerin değerlemesi hem de yatırımcı kararları açısından önem arz etmektedir. Karmaşık yatırım sürecine yön veren göstergelerin analizi aynı zamanda sektör hakkında da bilgi sağlamaktadır. Şirketler için finansal başarısızlık, finansal performans, oran analizi gibi yöntemler uygulanarak hedef ve amaçlara nasıl ulaşılacağı belirlenmektedir. Ayrıca yapılan analizler sonucunda devamlılık ve sürdürülebilirlik durumları ortaya çıkmaktadır. Bu çalışmada, 2012-2022 yılları arasında Borsa İstanbul'da (BIST) işlem gören şirketlerin kârlılığına genel yönetim giderlerinin etkileri araştırılmıştır. Çalışmada bankalar, finansal kuruluşlar, spor ve verilerinde süreklilik olmayan işletmeler gibi sektörler ve endeksler çalışmanın kapsamı dışında tutulmuştur. Panel nedensellik testleri, genel yönetim giderleri ile kârlılık arasında çift yönlü nedensellik ilişkisi olduğunu ortaya koymaktadır. Bulgular, genel yönetim giderlerinin kârlılığı önemli ölçüde etkilediğini, bunun vergi planlaması için önemli çıkarımlar içerebileceğini ve şirketlerin finansal planlamasında genel yönetim giderlerinin dikkate alınmasının önemini vurgulamaktadır.

Anahtar Kelimeler

• Genel Yönetim Giderleri
• Kârlılık
• Panel Nedensellik
• BIST

Kaynakça

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