Araştırma Makalesi
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Determinants of Turkish Firms’ Sales Revenue: An Empirical Analysis in the Turkish Manufacturing Industry

Yıl 2024, Cilt: 9 Sayı: 2, 15 - 24

Öz

The purpose of this study is to investigate the determinant factors impacting the sales revenue of firms in the Turkish manufacturing industry. For this purpose, a linear regression analysis is conducted to explore the relationship between various firm-specific characteristics and sales revenue. The data used in the study is micro-level data from the 2019 World Bank Enterprise Survey, encompassing 1,063 manufacturing firms in Turkey. The findings underscore the significance of workforce size and firm age as primary influencers of sales revenue, emphasizing the importance of labor inputs and organizational experience. While variables such as managerial experience, innovation efforts, educational composition, and gender diversity demonstrate limited direct associations with sales revenue, strategic investment in R&D emerges as a critical determinant, showing a positive and statistically significant impact on sales revenue. The findings of the study are expected to provide guidance for both firm decision-makers and policymakers seeking to enhance firm performance and foster innovation activities in the Turkish manufacturing industry.

Kaynakça

  • Anandarajan, A., Chin, C. L., Chi, H. Y., & Lee, P. (2007). The Effect of Innovative Activity on Firm Performance: The Experience of Taiwan. Advances in Accounting, 23, 1-30.
  • Bathula, H. (2008). Board Characteristics and Firm Performance: Evidence from New Zealand. Doctoral thesis, Faculty of Business, Auckland University of Technology, New Zealand.
  • Coad, A., Segarra, A., & Teruel, M. (2013). Like Milk or Wine: Does Firm Performance Improve with Age?. Structural Change and Economic Dynamics, 24, 173-189.
  • Coad, A., Holm, J. R., Krafft, J., & Quatraro, F. (2018). Firm Age and Performance. Journal of Evolutionary Economics, 28(1), 1-11. https://doi.org/10.1007/s00191-017-0532-6.
  • Davis, J. L., Greg Bell, R., Tyge Payne, G. & Kreiser, P. M. (2010), Entrepreneurial Orientation and Firm Performance: The Moderating Role of Managerial Power, American Journal of Business, 25(2), 41-54.
  • Erden, Z., Klang, D., Sydler, R., & von Krogh, G. (2014). Knowledge-Flows and Firm Performance. Journal of Business Research, 67(1), 2777-2785.
  • Hamori, M., & Koyuncu, B. (2015). Experience Matters? The Impact of Prior CEO Experience on Firm Performance. Human Resource Management, 54(1), 23-44.
  • Huang, S. (2014). Managerial Expertise, Corporate Decisions and Firm Value: Evidence from Corporate Refocusing. Journal of Financial Intermediation, 23(3), 348-375.
  • Ibhagui, O. W., & Olokoyo, F. O. (2018). Leverage and Firm Performance: New Evidence on the Role of Firm Size. The North American Journal of Economics and Finance, 45, 57-82.
  • Jalbert, T., Rao, R. P., & Jalbert, M. (2002). Does School Matter? An Empirical Analysis of CEO Education, Compensation, and Firm Performance. International Business and Economics Research Journal, 1(1), 83-98.
  • Krasnikov, A. V., & Jayachandran, S. (2008). The Relative Impact of Marketing, Research-and-Development, and Operations Capabilities on Firm Performance. Journal of Marketing, 72(4), 1-11.
  • Kuncová, M., Hedija, V., & Fiala, R. (2016). Firm Size as a Determinant of Firm Performance: The Case of Swine Raising. Agris on-line Papers in Economics and Informatics, 8(3), 77-89.
  • Loderer, C. F. & Waelchli, U. (2010). Firm Age and Performance. Available at SSRN, http://dx.doi.org/10.213 9/ ssrn.1342248.
  • Magoutas, A. I., Agiomirgianakis, G. M., & Papadogonas, T. A. (2011). Education and Firm Performance. Empirical Evidence from Greece. International Journal of Economic Research, 8(2), 141-152.
  • Olawale, L. S., Ilo, B. M. & Lawal, F. K. (2017). The Effect of Firm Size on Performance of Firms in Nigeria, Aestimatio, The IEB International Journal of Finance, 15, 68-87.
  • Peni, E. (2014). CEO and Chairperson Characteristics and Firm Performance. Journal of Management & Governance, 18(1), 185-205.
  • Perryman, A. A., Fernando, G. D., & Tripathy, A. (2016). Do Gender Differences Persist? An Examination of Gender Diversity on Firm Performance, Risk, and Executive Compensation. Journal of Business Research, 69(2), 579-586.
  • Pervan, M., & Višić, J. (2012). Influence of Firm Size on its Business Success. Croatian Operational Research Review, 3(1), 213-223.
  • Robb, A., & Watson, J. G. (2012). Gender Differences in Firm Performance: Evidence from New Ventures in the United States. Journal of Business Venturing, 27, 544-558.
  • Shin, N., Kraemer, K. L., & Dedrick, J. (2017). R&D and Firm Performance in the Semiconductor Industry. Industry and Innovation, 24(3), 280-297.
  • Sönmez, A., & Amirzai, F. R. (2023) Factors Impacting on Product and Process Innovation Capability: An Empirical Analysis on Manufacturing Firms in Turkey. JOEEP: Journal of Emerging Economies and Policy, 8(2), 348-357.
  • Thornhill, S. (2006). Knowledge, Innovation and Firm Performance in High-and Low-Technology Regimes. Journal of Business Venturing, 21(5), 687-703.
  • World Bank. (2019). World Bank Enterprise Surveys, http://www.enterprisesurveys.org, Turkey 2019 Database.

Türk Firmalarının Satış Gelirlerinin Belirleyicileri: Türk İmalat Sanayinde Ampirik Bir Analiz

Yıl 2024, Cilt: 9 Sayı: 2, 15 - 24

Öz

Bu çalışmanın amacı Türk imalat sanayinde faaliyet gösteren firmaların satış gelirlerini etkileyen belirleyici faktörleri araştırmaktır. Bu amaçla, firmaya özgü çeşitli özellikler ile satış geliri arasındaki ilişkiyi araştırmak için doğrusal bir regresyon analizi yapılmıştır. Çalışmada kullanılan veriler, Türkiye'de 1.063 imalat sanayi firmasını kapsayan 2019 Dünya Bankası İşletme Araştırması'ndan alınan mikro düzeydeki verilerdir. Bulgular, işgücü girdilerinin ve organizasyonel deneyimin önemini vurgulayarak, satış gelirini birincil etkileyen faktörler olarak işgücü büyüklüğünün ve firma yaşının öneminin altını çizmektedir. Yönetim deneyimi, yenilikçilik çabaları, eğitim yapısı ve cinsiyet çeşitliliği gibi değişkenler satış geliri ile sınırlı doğrudan ilişkiler gösterirken, Ar-Ge'ye yapılan stratejik yatırım kritik bir belirleyici olarak ortaya çıkmakta ve satış geliri üzerinde pozitif ve istatistiksel olarak anlamlı bir etki göstermektedir. Araştırma bulgularının, Türk imalat sanayinde firma performansını artırmak ve yenilik faaliyetlerini teşvik etmek isteyen hem firma karar alıcılarına hem de politika yapıcılara yol gösterici olması beklenmektedir.

Kaynakça

  • Anandarajan, A., Chin, C. L., Chi, H. Y., & Lee, P. (2007). The Effect of Innovative Activity on Firm Performance: The Experience of Taiwan. Advances in Accounting, 23, 1-30.
  • Bathula, H. (2008). Board Characteristics and Firm Performance: Evidence from New Zealand. Doctoral thesis, Faculty of Business, Auckland University of Technology, New Zealand.
  • Coad, A., Segarra, A., & Teruel, M. (2013). Like Milk or Wine: Does Firm Performance Improve with Age?. Structural Change and Economic Dynamics, 24, 173-189.
  • Coad, A., Holm, J. R., Krafft, J., & Quatraro, F. (2018). Firm Age and Performance. Journal of Evolutionary Economics, 28(1), 1-11. https://doi.org/10.1007/s00191-017-0532-6.
  • Davis, J. L., Greg Bell, R., Tyge Payne, G. & Kreiser, P. M. (2010), Entrepreneurial Orientation and Firm Performance: The Moderating Role of Managerial Power, American Journal of Business, 25(2), 41-54.
  • Erden, Z., Klang, D., Sydler, R., & von Krogh, G. (2014). Knowledge-Flows and Firm Performance. Journal of Business Research, 67(1), 2777-2785.
  • Hamori, M., & Koyuncu, B. (2015). Experience Matters? The Impact of Prior CEO Experience on Firm Performance. Human Resource Management, 54(1), 23-44.
  • Huang, S. (2014). Managerial Expertise, Corporate Decisions and Firm Value: Evidence from Corporate Refocusing. Journal of Financial Intermediation, 23(3), 348-375.
  • Ibhagui, O. W., & Olokoyo, F. O. (2018). Leverage and Firm Performance: New Evidence on the Role of Firm Size. The North American Journal of Economics and Finance, 45, 57-82.
  • Jalbert, T., Rao, R. P., & Jalbert, M. (2002). Does School Matter? An Empirical Analysis of CEO Education, Compensation, and Firm Performance. International Business and Economics Research Journal, 1(1), 83-98.
  • Krasnikov, A. V., & Jayachandran, S. (2008). The Relative Impact of Marketing, Research-and-Development, and Operations Capabilities on Firm Performance. Journal of Marketing, 72(4), 1-11.
  • Kuncová, M., Hedija, V., & Fiala, R. (2016). Firm Size as a Determinant of Firm Performance: The Case of Swine Raising. Agris on-line Papers in Economics and Informatics, 8(3), 77-89.
  • Loderer, C. F. & Waelchli, U. (2010). Firm Age and Performance. Available at SSRN, http://dx.doi.org/10.213 9/ ssrn.1342248.
  • Magoutas, A. I., Agiomirgianakis, G. M., & Papadogonas, T. A. (2011). Education and Firm Performance. Empirical Evidence from Greece. International Journal of Economic Research, 8(2), 141-152.
  • Olawale, L. S., Ilo, B. M. & Lawal, F. K. (2017). The Effect of Firm Size on Performance of Firms in Nigeria, Aestimatio, The IEB International Journal of Finance, 15, 68-87.
  • Peni, E. (2014). CEO and Chairperson Characteristics and Firm Performance. Journal of Management & Governance, 18(1), 185-205.
  • Perryman, A. A., Fernando, G. D., & Tripathy, A. (2016). Do Gender Differences Persist? An Examination of Gender Diversity on Firm Performance, Risk, and Executive Compensation. Journal of Business Research, 69(2), 579-586.
  • Pervan, M., & Višić, J. (2012). Influence of Firm Size on its Business Success. Croatian Operational Research Review, 3(1), 213-223.
  • Robb, A., & Watson, J. G. (2012). Gender Differences in Firm Performance: Evidence from New Ventures in the United States. Journal of Business Venturing, 27, 544-558.
  • Shin, N., Kraemer, K. L., & Dedrick, J. (2017). R&D and Firm Performance in the Semiconductor Industry. Industry and Innovation, 24(3), 280-297.
  • Sönmez, A., & Amirzai, F. R. (2023) Factors Impacting on Product and Process Innovation Capability: An Empirical Analysis on Manufacturing Firms in Turkey. JOEEP: Journal of Emerging Economies and Policy, 8(2), 348-357.
  • Thornhill, S. (2006). Knowledge, Innovation and Firm Performance in High-and Low-Technology Regimes. Journal of Business Venturing, 21(5), 687-703.
  • World Bank. (2019). World Bank Enterprise Surveys, http://www.enterprisesurveys.org, Turkey 2019 Database.
Toplam 23 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular Mikro İktisat (Diğer)
Bölüm Araştırma Makalesi
Yazarlar

Alper Sönmez 0000-0001-5476-7627

Fazal Rahman Amirzai 0000-0002-5389-2378

Erken Görünüm Tarihi 31 Ağustos 2024
Yayımlanma Tarihi
Gönderilme Tarihi 8 Mayıs 2024
Kabul Tarihi 4 Temmuz 2024
Yayımlandığı Sayı Yıl 2024 Cilt: 9 Sayı: 2

Kaynak Göster

APA Sönmez, A., & Amirzai, F. R. (2024). Determinants of Turkish Firms’ Sales Revenue: An Empirical Analysis in the Turkish Manufacturing Industry. JOEEP: Journal of Emerging Economies and Policy, 9(2), 15-24.

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