Rapid
developments in science and technology have deeply affected firms. In
particular, the fact that science and technology become a means of superior
advantage among companies increases the investments made by companies in
science and technology. The impact of these investments on the firm is a matter
of curiosity for both companies and the academic community. In this study, the
relationship between the R&D expenditures and the profitability of firms in
Bist 100 between 1999-2017 was analyzed by Pedroni cointegration test.
Coefficient of cointegration relation was also analyzed by DOLS and FMOLS
cointegration tests. As a result of the analysis, it has been found that
companies' R&D expenditures and profit (EBIDTA) figures are long term
cointegrated. That is to say they move together and positive in the long term.
Primary Language | Turkish |
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Subjects | Business Administration |
Journal Section | Research Article |
Authors | |
Publication Date | December 31, 2018 |
Published in Issue | Year 2018 Volume: 5 Issue: 2 |
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