MACROECONOMIC DETERMINANTS OF FIRM PERFORMANCE: EVIDENCE FROM TURKEY

被引：7
|
作者：
Doruk, Omer Tugsal [1 ]
机构：
[1] Amer Univ Cyprus, Mersin, Turkiye
来源：
SINGAPORE ECONOMIC REVIEW | 2023年 / 68卷 / 01期
关键词：
Turkish manufacturing sector; macroeconomic conditions; firm performance; EXECUTIVE-COMPENSATION; FINANCING CONSTRAINTS; CROSS-COUNTRY; PANEL-DATA; LONG-RUN; PERSISTENCE; PROFITS; INVESTMENT; OWNERSHIP; TRADE;
D O I：
10.1142/S0217590819500188
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The relationship between macroeconomic factors and firm performance is important, especially for growth and development in developing countries. In this paper, a firm-level dataset is used for estimating the role of macroeconomic factors on firm performance in the period 2006-2017 for the Turkish manufacturing sector by using GMM model. Four macroeconomic factors are considered for estimating their roles on firm performance; openness, financial depth, real exchange rate, and economic growth rate. The obtained findings show that the macroeconomic conditions have a significant effect on firm performance in the manufacturing sector in Turkey.
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页码：177 / 196
页数：20
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