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Journals / Doğuş Üniversitesi Dergisi / 2014 / Cilt: 15 - Sayı: 1

THE RELATIONSHIP BETWEEN POLITICAL RISK AND FIRM VALUE: AN APPLICATION ON COMPANIES IN ISE

POLİTİK RİSKİN FİRMA DEĞERİ İLE İLİŞKİSİ: İMKB'YE KAYITLI FİRMALAR ÜZERİNDE BİR UYGULAMA

ALPER VELİ ÇAM
Pages
109–122
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

According to the results, there is a statistically significant relationship between firm value and political risk and thus political risk affects firm value.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Although there are many studies in the literature that investigate the relationship between firm value and micro factors, the number of studies that investigate the relationship between firm value and macro factors is comparatively limited.
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Key Findings & Data:The study covers the period between 2000 and 2009.
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Conclusion & Impact:According to the results, there is a statistically significant relationship between firm value and political risk and thus political risk affects firm value.
🔬Design:Research Article
📍Scope:2000 Verileri
⚙️Variables:Domain Parameters

Abstract

Although there are many studies in the literature that investigate the relationship between firm value and micro factors, the number of studies that investigate the relationship between firm value and macro factors is comparatively limited. The main purpose of this study is to investigate the impact of political risk on the value of companies registered in Istanbul Stock Exchange. The study covers the period between 2000 and 2009. Panel data analysis is used in this study. According to the results, there is a statistically significant relationship between firm value and political risk and thus political risk affects firm value.

Özet

Literatürde, firma değeri ile firma değerini etkiyen mikro faktörler arasındaki ilişkiyi inceleyen çalışmalar bulunmasına rağmen, makro faktörlerin firma değeri ile ilişkisini inceleyen sınırlı sayıda çalışma vardır. Bu çalışmanın temel amacı, politik riskin İstanbul Menkul Kıymetler Borsası'na kayıtlı firmaların değerleri üzerindeki etkisini incelemektir. Araştırma, 2000-2009 yılları arasını kapsamaktadır. Çalışmada panel veri analizi kullanılmıştır. Bulgulara göre, politik risk ile firma değeri arasında istatistiksel olarak anlamlı bir ilişki saptanmış ve bu sebeple politik riskin firma değerini etkilediği tespit edilmiştir.

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Cite This Article

ÇAM, A. V. (2014). THE RELATIONSHIP BETWEEN POLITICAL RISK AND FIRM VALUE: AN APPLICATION ON COMPANIES IN ISE. Doğuş Üniversitesi Dergisi, Cilt: 15 - Sayı: 1, 109–122. https://ajindex.com/articles/127461

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