Dergiler / Istanbul Business Research / 2022 / Cilt: 51 - Sayı: 1

The Impact of Countries’ Credit Rating Scores on the Export Performance of Companies

Sayfa
327–358
Yayın Tarihi
2022-10-19
DOI
—
🏛️Bu makalenin bibliyografik verileri ve tam metin bağlantısı DergiPark üzerinden sağlanmıştır.
DergiPark Kaydı ↗
✨

Yapay Zeka Hızlı Bakış & Çıkarımlar

AI Insight
⚡ TL;DR(1 Cümlede Hızlı Çıkarım)

Export performance of enterprises differs significantly in the periods when the credit rating of the country decreases and rises.

📌 3 Maddede Bu Makale

🎯
Amaç & Hipotez:In the research, a conceptual model with the export performance scale EXPERF (Export Performance Scale) being the dependent variable and with country credit ratings being the independent variables has been developed, and it is intended to empirically investigate the impact of the country credit rating score on the export performance of enterprises by focusing on the country credit rating among many factors that affect the export performance of enterprises.
📊
Temel Bulgular & Veri:Regarding the model, in the first stage, the relation between the country’s credit rating covering the years between 1993-2016 and the export performance of the enterprises is examined using secondary data through panel unit root tests analysis.
💡
Sonuç & Katkı:Export performance of enterprises differs significantly in the periods when the credit rating of the country decreases and rises.
🔬Tür:Uygulamalı Anket & Alan Araştırması
📍Kapsam:2016 Verileri
⚙️Değişkenler:Export Performance Scale · EXPERF · Country Credit Rating Score

Abstract

In the research, a conceptual model with the export performance scale EXPERF (Export Performance Scale) being the dependent variable and with country credit ratings being the independent variables has been developed, and it is intended to empirically investigate the impact of the country credit rating score on the export performance of enterprises by focusing on the country credit rating among many factors that affect the export performance of enterprises. Regarding the model, in the first stage, the relation between the country’s credit rating covering the years between 1993-2016 and the export performance of the enterprises is examined using secondary data through panel unit root tests analysis. In this context, the H1 hypothesis that the country credit rating score given by the credit rating agencies has an impact on the export performance of companies is supported, and it is found that the credit rating score of Turkey affects the export performance of businesses. In the field research covering the second stage of the research, ISO 500 enterprises constitute the universe in which the data is collected. A questionnaire regarding the perceptions of business executives about the export performance of companies in 2013, when Turkey’s credit rating score was raised up to investable level, and in 2016, when Turkey’s credit rating score was lowered, was developed based on the EXPERF scale, and the export performance was measured with online or faceto-face application of the questionnaire to the business executives who participated in the study voluntarily. A judicial sampling method was used in the study, and 306 business executives responded to the questionnaire. The H2 hypothesis that there is a difference between the change in the country credit rating and the export performance of the enterprises is not rejected according to the EXPERF scale, which measures the increase in the country credit rating in 2013 and the decrease in the country credit rating in 2016. Export performance of enterprises differs significantly in the periods when the credit rating of the country decreases and rises.

🔖

Bu Makaleye Atıf Yap

İRİ, R., GÜRBÜZ, E. (2022). The Impact of Countries’ Credit Rating Scores on the Export Performance of Companies. Istanbul Business Research, Cilt: 51 - Sayı: 1, 327–358. https://ajindex.com/articles/542732

📄 Tam Metin PDF Okuyucu

📄

PDF görüntüleyici hazırlanıyor...

Kaynakça (13)

  1. Aaby, N.E. & Slater, F. S. (1989). Management influences on export performance: A Review of the empirical literature 1978-88. International Marketing Review, 6(4), 7-26.
  2. Badinger, H. & Url, T. (2013). Export credit guarantees and export performance: Evidence from Austrian firm level data. The World Economy. 36(9), 1115-1130.
  3. Balcı, A. (2006). Sosyal bilimlerde araştırma: Yöntem, teknik ve ilkeler. Ankara, Turkey: Pegem Akademi Yayıncılık. Baltagi, B. H. (1995).
  4. Econometric analysis of panel data, New York: John Wiley and Sons. Beleska-Spasova, E. (2014). Determinants and measures of export performance–comprehensive literature review. Journal of Contemporary Economic and Business Issues, 1(1), 63-74.
  5. Chen, J., Carlos, M.P., Sousa & He, X. (2016). The determinants of export performance: a review of the literature 2006-2014. International Marketing Review,33(5), 626-670.
  6. Coolen-Maturi, T. & Coolen, F., P., A. (2018). Nonparametric predictive inference for the validation of credit rating systems. Journal of the Royal Statistical Society: Series A (Statistics in Society),1-17. Cavusgil,S.,T. & Zou S. (1994). Marketing strategy-performance relationship: An Investigation of the empirical link in export market ventures. Journal of Marketing, 58 (1), 1-21.
  7. Dang, H. & Partington, G. (2020). Sovereign ratings and national culture. Pacific-Basin Finance Journal,60, 1-18.
  8. Das, M. (1994). Successful and unsuccessful exporters from developing countries some preliminary findings. European Journal of Marketing,28(12),19-33.
  9. Elkhoury, M. (2008). Credit rating agencies and their potential ımpact on developıng countrıes. UNCTAD/OSG/DP/2008/1, No.186. Gertner, R. K., Gertner D. & Guthery, D. (2007). The Implications of export performance measurement for the significance of the determinants of export performance. Journal of Global Marketing, 20(1), 21-38.
  10. Grandinetti, R. & Mason M.C. (2012). Internationalization modes other than exporting The missing determinant of export performance. European Business Review, 24(3), 236-254.
  11. Gray, J., B., Matear, S., M. & Matheson, P., K. (2000). Improving the performance of hospitality firms. International Journal of Contemporary Hospitality Management, 12(3), 149-155.
  12. Haque N.U, Mathieson, D. & Mark, N. (1997). Rating the raters of country creditworthiness, Finance & Development, IMF, March, 10-13.
  13. Haque, N.U, Kumar M. S. & Mark, N. and Mathieson, D. J. (1996). The Economic content of ındicators of developing country creditworthiness, IMF,