Does Firm Size Affect The Firm Profitability? Evidence from Turkey
نویسنده
چکیده
The aim of this study is to investigate the affect of firm size on profitability. In this study, data of 200 companies which were active in Istanbul Stock Exchange (ISE) between the years 2008-2011 has been used. “Return on Assets” (ROA) has been used as indicators of firm profitability and total assets, total sales and number of employees have been used as indicators of size. Multiple regression and correlation methods have been used in empirical analyses. The result of analysis indicates a positive relation between size indicators and profitability of firms. Control variables as the age of the firms and leverage rate have been found in a negative relation with ROA, but liquidity rate and ROA have been determined to have a positive relation.
منابع مشابه
The Effects of Firm-Specific Factors on the Profitability of Non-Life Insurance Companies in Turkey
This study investigates the firm-specific factors affecting the profitability of non-life insurance companies operating in Turkey. For this purpose, data of 24 non-life insurance companies operating in Turkey from the period 2006–2013 were brought together to obtain 192 observed panel data sets. In this study, profitability is measured by two different variables: technical profitability ratio a...
متن کاملDoes Size Matter in Firm Performance? Evidence from US Public Firms
This paper reexamines the determinants of firm performance and, in particular, the role that firm size plays in profitability. A fixed-effects dynamic panel data model for over 7,000 US publicly-held firms during the period 1987–2006 provides evidence that profit rates are positively correlated with firm size in a non-linear manner, holding an array of firmand industry-specific characteristics ...
متن کاملImpact of Buyback of Shares on Firm Value: An Empirical Evidence from India
The present study examines the impact of capital employed in buyback of shares on firm value for 180 firms listed in the Bombay Stock Exchange of India. The issue of buyback of shares in the period from 2006 to 2016 was examined. The firm value is measured by a proxy, enterprise value, as a substitute of share price. The results suggest that the firm value differs from pre and post buyback of s...
متن کاملManufacturing Firm Size Distribution in Iran Evidence from Food & Beverages and Non-Metallic Mineral Products
Empirical studies have shown that the size distribution of firms can be described as a lognormal or Pareto distribution. However, these studies have focused on developed countries and little attention has been devoted to developing countries. Using the variable of number of employees as a measure of firm size, this paper investigates the shape of firm size distribution in the food & beverages i...
متن کاملFirm size and performance: A study on the use of electronic commerce by container transport operators in Hong Kong
In this study, we examine the relationship between firm size and the use of electronic commerce (EC) by container transport operators in Hong Kong and their performance implications. Using data collected from a sample of container shipping operators in Hong Kong, we identified internal and external drivers that affect the use of EC by container transport operators. Our findings indicate that la...
متن کامل