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Dergiler / Yönetim ve Ekonomi Araştırmaları Dergisi / 2026 / Cilt: 24 Sayı: 1

FACTORS AFFECTING THE PROFITABILITY OF PUBLICLY TRADED COMPANIES: EVIDENCE FROM BORSA ISTANBUL

Mehmet Güneş(ADANA BİLİM VE TEKNOLOJİ ÜNİVERSİTESİ)0000-0002-1938-6914
Nour Eldin Sadek(ADANA BİLİM VE TEKNOLOJİ ÜNİVERSİTESİ)0009-0005-1116-4208
Sayfa
100–115
Yayın Tarihi
2026-03-21
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⚡ TL;DR(1 Cümlede Hızlı Çıkarım)

The findings offer valuable insights for investors, analysts, and policymakers interested in understanding the financial dynamics of newly public companies and contribute to the broader discussion on post-IPO profitability determinants.

📌 3 Maddede Bu Makale

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Amaç & Hipotez:This study investigates the factors influencing the profitability of companies listed on Borsa Istanbul following their Initial Public Offering (IPO).
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Temel Bulgular & Veri:Using a sample of 28 firms that went public in 2022, excluding real estate and investment companies, we examine the impact of firm age, size, price-to-book ratio, and debt ratio on post-IPO profitability, measured by change in return on assets).
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Sonuç & Katkı:The findings offer valuable insights for investors, analysts, and policymakers interested in understanding the financial dynamics of newly public companies and contribute to the broader discussion on post-IPO profitability determinants.
🔬Tür:Araştırma Makalesi
📍Kapsam:2022 Verileri
⚙️Değişkenler:IPO · RETURN ON ASSETS · FINANCIAL PERFORMANCE

Abstract

This study investigates the factors influencing the profitability of companies listed on Borsa Istanbul following their Initial Public Offering (IPO). Using a sample of 28 firms that went public in 2022, excluding real estate and investment companies, we examine the impact of firm age, size, price-to-book ratio, and debt ratio on post-IPO profitability, measured by change in return on assets). Data was collected from the Public Disclosure Platform, and outliers are removed using the ±3 standard deviation method. Through simple linear regression analysis, the study reveals that these factors do not significantly predict changes in profitability except for the P/B ratio which has some effects on the first year, highlighting the complexity of post-IPO performance in emerging markets like Turkey. The findings offer valuable insights for investors, analysts, and policymakers interested in understanding the financial dynamics of newly public companies and contribute to the broader discussion on post-IPO profitability determinants.

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Bu Makaleye Atıf Yap

Güneş, M., Sadek, N. E. (2026). FACTORS AFFECTING THE PROFITABILITY OF PUBLICLY TRADED COMPANIES: EVIDENCE FROM BORSA ISTANBUL. Yönetim ve Ekonomi Araştırmaları Dergisi, Cilt: 24 Sayı: 1, 100–115. https://doi.org/10.11611/yead.1567505

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