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Journals / Uluslararası İktisadi ve İdari İncelemeler Dergisi / 2022 / Cilt: 0 - Sayı: 34

THE NEXUS BETWEEN PUBLIC FIXED CAPITAL INVESTMENTS AND PERFORMANCE OF STATE OWNED ENTERPRISES

Kamu Sabit Sermaye Yatırımları ve Kamu İktisadi Teşebbüslerinin Performansı Arasındaki İlişki

Emine KAYA
Duygu ARSLANTÜRK ÇÖLLÜ
Pages
75–96
Publication Date
2022-11-06
DOI
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AI Summary & Key Takeaways

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

Our dynamic panel data analysis results obtained after controlling the firm characteristics show that the public fixed capital investments have a partial and positive effect on the profitability, while it is a negative effect on the operational efficiency.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The aim of this study is to analyze the effects of public fixed capital investments on the performance of state-owned enterprises (SOEs).
📊
Key Findings & Data:Within the scope of the study, we include the data of 20 non-financial SOEs operating in Turkey regarding the period of 2011-2018.
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Conclusion & Impact:Our dynamic panel data analysis results obtained after controlling the firm characteristics show that the public fixed capital investments have a partial and positive effect on the profitability, while it is a negative effect on the operational efficiency.
🔬Design:Research Article
📍Scope:2011-2018 Verileri
⚙️Variables:KİT · Kamu Sabit Sermaye Yatırımları · Firma Performansı.

Abstract

The aim of this study is to analyze the effects of public fixed capital investments on the performance of state-owned enterprises (SOEs). Within the scope of the study, we include the data of 20 non-financial SOEs operating in Turkey regarding the period of 2011-2018. We take into consideration the following performance dimensions: profitability and operational efficiency. Our dynamic panel data analysis results obtained after controlling the firm characteristics show that the public fixed capital investments have a partial and positive effect on the profitability, while it is a negative effect on the operational efficiency.

Özet

Bu çalışmanın amacı, kamu sabit sermaye yatırımlarının kamu iktisadi teşebbüsleri (KİT)’nin performansı üzerindeki etkilerini incelemektir. Çalışma kapsamında, Türkiye'de faaliyet gösteren finansal olmayan 20 adet KİT'in 2011-2018 dönemine ait verileri kullanılmıştır. Firma performansının göstergesi olarak karlılık ve operasyonel verimlilik dikkate alınmıştır. Firma özelliklerini kontrol ettikten sonra elde edilen dinamik panel veri analizi sonuçları, kamu sabit sermaye yatırımlarının karlılığı kısmi ve olumlu yönde, operasyonel verimliliği ise olumsuz şekilde etkilediğini göstermektedir.

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Cite This Article

KAYA, E., ÇÖLLÜ, D. A. (2022). THE NEXUS BETWEEN PUBLIC FIXED CAPITAL INVESTMENTS AND PERFORMANCE OF STATE OWNED ENTERPRISES. Uluslararası İktisadi ve İdari İncelemeler Dergisi, Cilt: 0 - Sayı: 34, 75–96. https://ajindex.com/articles/643692

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