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STRATEGIC DESIGN OF GROWTH PROCESSES IN BUSINESSES: A RESEARCH FOR SMEs IN THE CONTEXT OF RISK STRUCTURE AND PROFITABILITY RELATIONSHIP

Cilt: 10 Sayı: 2 30 Aralık 2024
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STRATEGIC DESIGN OF GROWTH PROCESSES IN BUSINESSES: A RESEARCH FOR SMEs IN THE CONTEXT OF RISK STRUCTURE AND PROFITABILITY RELATIONSHIP

Abstract

This study aimed to analyze the risk structure of SMEs and their relationship with their profitability by examining the importance of strategic growth stages in the growth processes of SMEs in different sectors. A survey was conducted on 421 participants, consisting of partners and senior and middle-level managers of SMEs operating in Turkey, with a history of at least five years, and operating financially in the first quarter of 2024. A survey consisting of three sections: demographic characteristics, company structure, and growth strategies scale was used as a data collection tool. Default risk was low in the majority of companies in all sectors and was below 10% (p>0.05). Strengthening public and political relations, company acquisition, and measurement and evaluation strategies were statistically significantly higher in companies in other sectors (p<0.05). The relationship between ROE and mergers was statistically significant in the wholesale and retail trade group (r=0.239) and the relationships between strengthening public relations in the service sector (r=-0.316). In the wholesale and trade sector, the effect of strengthening political relations factor on the probability of default (PD) was statistically significant and positive (β=0.327; p<0.01). Strengthening political relations in SMEs in this sector has increased the risk of companies going bankrupt.

Keywords

Growth , Strategic growth , SME , Strategic design , Risk structure and profitability relationship

Kaynakça

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Kaynak Göster

APA
Bağatır, A., & Kasımoğlu, M. (2024). STRATEGIC DESIGN OF GROWTH PROCESSES IN BUSINESSES: A RESEARCH FOR SMEs IN THE CONTEXT OF RISK STRUCTURE AND PROFITABILITY RELATIONSHIP. İslam Ekonomisi ve Finansı Dergisi (İEFD), 10(2), 365-393. https://doi.org/10.54863/jief.1497748