Browsing by Subject "Firm performance"
Now showing 1 - 5 of 5
Results Per Page
Sort Options
Item Open Access An analysis of the relationships between international diversification, product diversification, firm resources and performance(2009) Capar, NejatThere have been numerous studies that have examined the relationships between international diversification, product diversification, firm resources, and performance. However, these studies have largely ignored the interrelationships and the causal linkages among the variables in consideration It was the purpose of this study, to overcome these limitations and to provide a better understanding of how these variables are related to each other. We have studied a sample of 211 firms for a 6-year period between 1995-2000. The results of the analyses have provided some interesting results. First, international diversification has been found to have a positive effect on innovation assets rather than the other way around. Second, the results show innovation assets lead to higher performance with a time lag. Further, there is also support that firms with little or no product diversification are more likely to benefit from international diversification. Finally, product diversification has been found to lead to lower investments in innovation assets.Item Open Access Green credit policy and firm performance: What we learn from China(Elsevier BV, 2021-09) Yao, S.; Pan, Y.; Şensoy, Ahmet; Uddin, G. S.; Cheng, F.We explore the effect of green credit policy on firm performance of listed firms in China. We find that green credit policy reduces firm performance in heavily polluting industries. This effect is more prominent in state-owned enterprises, firms with large size, high institutional ownership, high analyst coverage and during high economic policy uncertainty period. Moreover, we observe that green credit policy decreases heavily polluting firms' performance by increasing firm financing constraints and decreasing investment level. Our results help to restrain heavily polluting enterprises and promote industrial transformation in developing markets.Item Open Access Ownership concentration effect on firm performance in Turkey(MÖDAV Muhasebe Öğretim Üyeleri Bilim ve Dayanışma Vakfı, 2015) Hoşal-Akman, Nazlı; Mugan, M. S.; Akışık, O.Effect of corporate ownership concentration on firm performance has been researched in various fields. We investigate the effect of family and foreign ownership on firm performance – both market and accounting- for companies listed on the Istanbul Stock Exchange-Turkey- from 2005 to 2009. We find a positive relationship between family and foreign ownership and market performance during the period. Our results also show that foreign ownership concentration loses its effect on market performance during 2008-2009 – a period marked by the economic crisis, which might be attributed to the global source of the crisis. Interestingly, effects of family and foreign ownership concentration on firm performance diminish, and even disappear, when performance is measured by using accounting data.Item Open Access The role of firm characteristics on the relationship between gender diversity and firm performance(Emerald Group Publishing Ltd., 2016) Solakoglu, M. N.; Demir, N.Purpose – The purpose of this paper is to understand the effect of gender diversity on firm performance and evaluate how that relationship is influenced by some firm-specific factors for firms in an emerging market. Design/methodology/approach – The authors collected firm level financial data and firm level characteristics for the firms listed in BIST100 index of Borsa Istanbul for the period between 2002 and 2006. Due to endogeneity of gender diversity and firm performance, the authors utilize unbalanced panel data with 2SLS specification. To observe the sensitivity of results across measures of performance, three measures of performance, two accounting-based and one market-based, are utilized. Findings – Overall, the authors find some weak evidence that gender diversity impacts firm performance. In particular, the findings imply significant association between gender diversity and firm performance for firms that are targeting local markets, for firms in the financial sector and for firms that are family or block-owned. Moreover, findings are fragile with respect to the measures of diversity and performance selected. Originality/value – Although the relationship between gender diversity and firm performance are investigated several times in the past, there are not many studies that examines the role of firm-specific factors on that relationship. By revealing the factors that are important, this study provides an explanation why the existing literature leads to mixed results.Item Open Access The role of gender diversity on firm performance: a regression quantile approach(Routledge, 2013) Solakoglu, M. N.The relationship between gender diversity and firm performance has been investigated using a regression quantile approach for the largest Turkish firms. Overall, results show that gender diversity has a different effect on firm performance over the different points of the conditional distribution. Moreover, the type of industry seems to be important for the sign and significance of the impact of gender diversity on performance.