Determining the impact of financial characteristics on firm profitability: An empirical analysis on borsa Istanbul energy firms
Küçük Resim Yok
Tarih
2018
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
World Scientific and Engineering Academy and Society
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
In this study, the effect of financial ratios of liquidity, financial structure, productivity and profitability of the energy sector firms on the return on assets was examined. For this purpose, quarterly financial data (2008:Q1-2015:Q4) of the 10 Energy firms whose shares are quoted on BIST (Borsa İstanbul) have been used. For the empirical analysis of the data set, Panel Data Analysis was implemented. In the analysis, The Asset Turnover Ratio and Liquidity Ratio were found to be statistically significant and positive. Financial Leverage Ratio, Tangible Fixed Asset/Assets, and Long-Term Debt/Assets ratios were found to have a negative impact on the Return on Assets. However, in empirical analysis, it was determined that there was no significant relationship between Return on Asset with Equity Turnover Ratio and Net Working Capital Turnover ratios. © 2018, World Scientific and Engineering Academy and Society. All rights reserved.
Açıklama
Anahtar Kelimeler
Borsa İstanbul, Energy sector, Panel data analysis, Profitability
Kaynak
WSEAS Transactions on Business and Economics
WoS Q Değeri
Scopus Q Değeri
Q4
Cilt
15
