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Impact of Investment and Financial Policies on Financial Performance: An Econometric Research on the Borsa Istanbul

Author

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  • TOPALOĞLU, Emre Esat

    (Şırnak University)

  • AKGÜÇ, Zekiye

    (Şırnak University)

Abstract

In this study, it was aimed to determine the effect of working capital management on financial performance by using the data of companies traded in the BIST 100 index. BIST 100 index was examined by panel data analysis method using data from 14 years periods of 16 companies that traded continuously 2005-2018. In the study, two models were specified based on the return on assets and return on equity. As a result of the analysis in Model 1, while the positive relationship was determined between investment policy and return on asset; a negative relationship was determined between financing policies and return on asset. In Model 2, while the positive relationship was determined between investment policy and return on equity, there is no relationship between financing policy and return on equity.

Suggested Citation

  • TOPALOĞLU, Emre Esat & AKGÜÇ, Zekiye, 2021. "Impact of Investment and Financial Policies on Financial Performance: An Econometric Research on the Borsa Istanbul," Bulletin of Economic Theory and Analysis, BETA Journals, vol. 6(2), pages 55-77, December.
    • Handle: RePEc:ris:betajl:0061
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    More about this item

    Keywords

    Panel Data Analysis; Financial Performance; Working Capital Policies; Borsa İstanbul;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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