Yatırım Kararları ile Firma Karlılığı Arasındaki İlişki: Fon Akışları ve Yatırım Fırsatlarının Moderatör Rolü-Reference-Cited by-同舟云学术

Yatırım Kararları ile Firma Karlılığı Arasındaki İlişki: Fon Akışları ve Yatırım Fırsatlarının Moderatör Rolü

Published:2023-04-17 Issue:98 Volume:0 Page:171-188
ISSN:2146-3042
Container-title:Muhasebe ve Finansman Dergisi
language:
Short-container-title:

Author:

NUR Tuğba¹^ORCID

Affiliation:

1. ŞIRNAK ÜNİVERSİTESİ

Abstract

The study aims to investigate the moderating role of fund flows and investment opportunities in the relationship between investment decisions and firm profitability with a panel data analysis for 107 real sector firms traded in Borsa Istanbul for the period 2000-2020. Return on assets and return on equity variables are selected for firm profitability, while growth rate of fixed assets, growth rate of total assets and growth rate of capital expenditures to total assets are selected for investment decisions. As a result of the analysis, it has found that investment decisions have a significant impact on firm profitability. The study also finds that the interaction of fund flows and investment decisions and the interaction of investment opportunities and investment decisions have significant effects on firm profitability and that the inclusion of these interaction variables in the model increases the impact of investment decisions on firm profitability.

Publisher

Muhasebe ve Finansman Dergisi

Subject

General Medicine

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