RELATIONSHIP BETWEEN FOREIGN TRADE AND FINANCIAL PERFORMANCE OF COMPANIES
Yıl 2017,
ICMEB17 Özel Sayısı, 36 - 42, 01.12.2017
Murat Berberoğlu
Uğur Uzun
Öz
Imports and exports affect the financial performance of firms. Studies show that this effect occurs in very different ways. The ranking is usually 1 companies which import and export 2 only import companies, 3 exports only companies, and 4 neither export nor import companies. The second and third rows change from time to time. There are also different effects between the internationalization rate and financial performance of firms that are both importing and exporting firms. In this context, the study of firms in our country from both perspectives is the subject of this study. The sample of the study has been determined as the companies that are traded on the stock market Istanbul Star market and the SMEs market. Statistical analysis methods are used for the analysis of the data
Kaynakça
- Bayraktutan, Y. (2003). Knowledge and international trade theories. Cumhuriyet University Journal of Economics and Administrative Sciences, 4(2), 175-186.
- Capar, N., & Kotabe, M. (2003). The relationship between international diversification andperformance in service firms. Journal of International Business Studies, 34, 345-355.
- Endo, N., & Ozaki, T. (2011). The effect of multinationality on firm performance: An examination of Japanese service firms. Asian Business & Management, 10(1), 133-150.
- Gomes, L., & Ramaswamy, K, (1999). An empirical examination of the form of the relationship between multinationality and performance. Journal of International Business Studies, 30(1), 173-188.
- Grant, R. M., Jammine, A.P., & Thomas, H. (1988). Diversity diversification and profitability among british manufacturing companies 1972-1984. Academy of Management Journal, 31(4), 771-801.
- Gujarati, D. N. (2009), Temel ekonometri. (Çev: Ü. Şenses, G. Günlük Şenses), 6. Basım. İstanbul: Literatür Yayıncılık.
- Hitt, M. A., Hoskisson, R.E., & Kim, H. (1997). International diversification: Effects on innovation and firm performance in product-diversified firms. Academy of Management Journal, 40(4), 767-798.
- Jung, Y. (1991). Multinationality and profitability. Journal of Business Research, 23, 179-187.
- Krugman, P. R. (1979). Increasing returns, monopolistic competition, and international trade. Journal of International Economics, 9, 469-479.
- Krugman, P. R. (1980). Scale economies product differentiation, and pattern of trade. American Economic Review, 70 (5), 950-959.
- Lu, J. W., & Beamish, P. W. (2001). The internationalization and performance ofSME’s. Strategic Management Journal, 22, 565–586.
- Lu, J. W., & Beamish, P. W. (2004). International diversification and firmperformance: The S-Curve hypothesis. Academy of Management Journal, 47(4),598-609.
- Qian, G. (2002). Multinationality, product diversification, and profitability of emerging US small- and medium- sized enterprises. Journal of Business Venturing, 17(6), 611-633.
- Ruigrok, W., & Wagner, H. (2003). International and performance: an organizational learning perspective. MIR: Management International Review, 43(1), 63-83.
- Shin, J., Mendoza, X., Hawkins, M. A., & Choi, C. (2015). The relationship between multinationality and performance: enterprises. International Business Review, 1-14. doi:10.1016/j.ibusrev.2017.02.005 vs.
- capital-intensive service micro-multinational
- Wan, C. C. (1998). International diversification, industrial diversification and firm performance of Hong Kong MNCs. Asia Pacific Journal of Management, 15, 205-217.
- Yılmaz, Ş.E. (2012). Dış ticaret kuramlarının evrimi (The evolution of foreign trade theories). Expanded and reviewed 2th Edition, Ankara: Efil Publishing House.
DIŞ TİCARET İLE FİRMALARIN FİNANSAL PERFORMANSLARI ARASINDAKİ İLİŞKİ
Yıl 2017,
ICMEB17 Özel Sayısı, 36 - 42, 01.12.2017
Murat Berberoğlu
Uğur Uzun
Öz
İthalat ve ihracat firmaların finansal performanslarını etkilemektedir. Yapılan çalışmalar bu etkinin çok farklı şekillerde ortaya çıktığını göstermektedir. Finansal performans açısından firmaların etkilenme düzeylerinde sıralama genellikle 1 hem ihracat hem de ithalat yapan firmalar 2 sadece ithalat yapan firmalar, 3 sadece ihracat yapan firmalar ve 4 ne ihracat ne de ithalat yapan firmalar şeklinde olmaktadır. 2 ve 3. sıra zaman zaman değişmektedir. Ayrıca hem ithalat hem de ihracat yapan firmaların uluslararasılaşma oranı ile finansal performansları arasında da farklı etkiler mevcuttur. Bu bağlamda ülkemizdeki firmaların her iki açıdan incelenmesi bu çalışmanın konusu olmaktadır. Çalışmanın örneklemi Borsa İstanbul Yıldız pazarı ve Kobi pazarında işlem gören firmalar olarak belirlenmiştir. Verilerin analizi için istatistiki analiz yöntemleri kullanılmaktadır.
Kaynakça
- Bayraktutan, Y. (2003). Knowledge and international trade theories. Cumhuriyet University Journal of Economics and Administrative Sciences, 4(2), 175-186.
- Capar, N., & Kotabe, M. (2003). The relationship between international diversification andperformance in service firms. Journal of International Business Studies, 34, 345-355.
- Endo, N., & Ozaki, T. (2011). The effect of multinationality on firm performance: An examination of Japanese service firms. Asian Business & Management, 10(1), 133-150.
- Gomes, L., & Ramaswamy, K, (1999). An empirical examination of the form of the relationship between multinationality and performance. Journal of International Business Studies, 30(1), 173-188.
- Grant, R. M., Jammine, A.P., & Thomas, H. (1988). Diversity diversification and profitability among british manufacturing companies 1972-1984. Academy of Management Journal, 31(4), 771-801.
- Gujarati, D. N. (2009), Temel ekonometri. (Çev: Ü. Şenses, G. Günlük Şenses), 6. Basım. İstanbul: Literatür Yayıncılık.
- Hitt, M. A., Hoskisson, R.E., & Kim, H. (1997). International diversification: Effects on innovation and firm performance in product-diversified firms. Academy of Management Journal, 40(4), 767-798.
- Jung, Y. (1991). Multinationality and profitability. Journal of Business Research, 23, 179-187.
- Krugman, P. R. (1979). Increasing returns, monopolistic competition, and international trade. Journal of International Economics, 9, 469-479.
- Krugman, P. R. (1980). Scale economies product differentiation, and pattern of trade. American Economic Review, 70 (5), 950-959.
- Lu, J. W., & Beamish, P. W. (2001). The internationalization and performance ofSME’s. Strategic Management Journal, 22, 565–586.
- Lu, J. W., & Beamish, P. W. (2004). International diversification and firmperformance: The S-Curve hypothesis. Academy of Management Journal, 47(4),598-609.
- Qian, G. (2002). Multinationality, product diversification, and profitability of emerging US small- and medium- sized enterprises. Journal of Business Venturing, 17(6), 611-633.
- Ruigrok, W., & Wagner, H. (2003). International and performance: an organizational learning perspective. MIR: Management International Review, 43(1), 63-83.
- Shin, J., Mendoza, X., Hawkins, M. A., & Choi, C. (2015). The relationship between multinationality and performance: enterprises. International Business Review, 1-14. doi:10.1016/j.ibusrev.2017.02.005 vs.
- capital-intensive service micro-multinational
- Wan, C. C. (1998). International diversification, industrial diversification and firm performance of Hong Kong MNCs. Asia Pacific Journal of Management, 15, 205-217.
- Yılmaz, Ş.E. (2012). Dış ticaret kuramlarının evrimi (The evolution of foreign trade theories). Expanded and reviewed 2th Edition, Ankara: Efil Publishing House.