Research Article
Uluslararasılaşma Düzeyi İle Finansal Performans İlişkisi: İmalat Sanayii Firmaları Üzerine Bir Araştırma
Abstract
Günümüzde firmaların sadece kendi ülkelerinde değil, lojistik ve finansal hareketliliğin katkısı ile farklı coğrafyalarda da faaliyet gösterdikleri görülmektedir. Bu durum firmalara globalleşme sonucu artan rekabet ortamında kendi pazarında ayakta kalabilme, yeni pazarlardan kazanç elde edebilme imkanı sağlamaktadır. Öte taraftan farklı ülkelerde faaliyet göstermenin firmaya yüklediği işlem maliyetleri de söz konusudur. Bu anlamda uluslararası faaliyetlerin, firma performansını ne şekilde etkilediği literatürde sıkça tartışılan bir konu olmuştur. Bu çalışma ile BİST’te işlem gören imalat sanayii firmalarının uluslararasılaşma düzeylerinin firma performanslarına etkisinin tespit edilmesi amaçlanmıştır. 187 firmanın 2008-2015 yıllarına ait verileri ile yapılan panel veri analizi sonucunda firmaların performansları ile uluslararasılaşma düzeyleri arasında ters yatay S şekilde bir ilişki olduğu tespit edilmiştir. Bu ilişki literatürde firmaların uluslararasılaşmayı üç aşamada gerçekleştirdiklerini ileri süren üç aşama teorisini destekler bir bulgu niteliğinde olmakla birlikte, eğimin ters yatay S şeklinde olması uluslararasılaşma düzeyi ile firma performansı arasındaki ilişkinin uluslararasılaşmanın ilk aşamalarında firma performansını artırıcı, daha sonra azaltıcı ve sonra tekrar artırıcı etki yarattığını göstermektedir.
References
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- Osorio, D. B.- Colino A.- Martin L. A. G.- Vicente, J. A. Z., (2016), The International Diversification-Performance Link in Spain: Does Firm Size Really Matter?, International Business Review, 25, pp.548-558.
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- Wagner, H.- Ruigrok W., (2004), Internationalization and Performance: A Meta Analytic Review nad Future Research Directions, Academy of International Business Meeting,
- Stockholm,Sweeden,https://www.researchgate.net/publication/228930392_Internationalization_and_firm_performance_MetaAnalytic_review_and_future_research_directions
Year 2017,
Issue: 76, 157 - 172, 01.10.2017
Abstract
References
- Akben A.-Yeşil S., (2015), The Effects of the Degree of Internationalization on Business Performance: A Field Study, Eurasian Academy of Science Eurasian Business & Academics Journal, 1, pp.69-85.
- Altaf N.- Shah F. A., (2015), Internationalization And Firm Performance Of Indian Firms: Does Product Diversity Matter?, Pacific Science Review: Humanities and Social Sciences, 1, pp.76-84.
- Assaf A. G.- Josiassen A.- Ratchford B. T.- Barros C. P., (2012), Internationalization and Performance of Retail Firms: A Bayesian Dynamic Model, Journal of Retailling, 88 (2), pp.191-205.
- Bae S.- Park B.- Wang X., (2008), Multinationality, R & D Intensity, and Firm Performance: Evidence from US Manufacturing Firms, Multinational Business Review, 16 (1), pp.53-78.
- Borda A.- Geleilate J. M.- Newburry W.- Kundu S. K., (2017), Firm Internationalization, Business Group Diversification and Firm Performance: The Case of Latin American Firms, Journal of Business Research, 72, pp.104-113.
- Capar N.- Kotabe M., (2003), The Relationship between International Diversification and Performance in Service Firms, Journal of Internetional Business Studies, 34, (4), pp.345-355.
- Casson M.- Dark K.- Gulamhussen M.A., (2009), Extending Internalisation Theory: From The Multinational Enterprise to The Knowledge-Based Empire, International Business Review, 18, pp.236-256.
- Contractor F.J.- Kumar V.- Kundu S.K., (2007), Nature of Relationship Between International Expansion and Performance: The Case of Emerging Market Firms, Journal of World Business, 42 (4), pp.401-417.
- Delios A.- Beamish P. W., (1999), Geographic Scope, Product Diversification, and the Corporate Performance of Japanese Firms, Strategic Management Journal, 20, pp.711-727.
- Genthon, C., (2008), International Diversification, Performance and Offshoring: The Case of Computer Service Industry, XVIII international RESER conference ”New horizons for the role and production of services”, Stuttgart, 25-26 septembre 2008, Sep 2008, Stuttgart, Germany, https://hal.archives-ouvertes.fr/halshs-00348198/document
- Gomes, L.- Ramaswamy, K., (1999), An Empirical Examination of The Form of The Relationship Between Multinationality And Performance. Journal of International Business Studies, 30: pp.173-188.
- Hitt, M.A.- Hoskisson R.E.- Kim H. (1997), International Diversification: Effects on Innovation and Firm Performance in Product Diversified-Firms, Academy of Managemet Journal, 40, pp.767-798.
- Hsu, W. T.- Chen H. L.- Cheng C. Y., (2013), Internationalization and Firm Performance of SMEs: The Moderating Effects of CEO Attributes, Journal of World Business, 48, pp.1-12.
- Loncan, T.- Nique W. M., (2010), Degree of Internationalization and Performance: Eveidence from Emerging Brazillian Multinationals, GCG Georgetown University- Universia, 4 (1), 40-51. https://gcg.universia.net/article/download/375/501
- Lopez-Morales, J. S.- Vargas-Hernandez, J. G.- Gomez-Casas, M. M., (2015), Multinationality - Performance Relationship: A Review and Research Agenda, Journal of Arts, Science & Commerce, 6, 4(1).
- Olmos, M.F.- Castel A. G.- Bagües E. G., (2016), Internationalisation and Performance in Spanish Family SMES: The W-Curve, Business Research Quarterly, 19, pp.122-136.
- Osorio, D. B.- Colino A.- Martin L. A. G.- Vicente, J. A. Z., (2016), The International Diversification-Performance Link in Spain: Does Firm Size Really Matter?, International Business Review, 25, pp.548-558.
- Pattnaik C.- Elango B.- (2009), The Impact of Firm Resources on the Internationalization and Performance Relationship: A Study of Indian Manufacturing Firms, Multinational Business Review, 17 (2), pp.69-87.
- Ruigrok W.- Wagner, H., (2003), Internationalization and Performance: An Organizational Learning Perspective, Management International Review, 43, pp.63-83.
- Singla C.- George R, (2013), Internationalization and Performance: A Contextual Analysis of Indian Firms, Journal of Business Research, 66, pp.2500-2506.
- Şahin, E., (2006), Uluslararasılaşma Firma Finansal Performansına Etkisi, Yüksek Lisans Tezi, İstanbul Teknik Üniversitesi Fen Bilimleri Enstitüsü.
- Thomas, D. E.- Eden, L., (2004), What is the Shape of the Multinationality-Performance Relationship?, The Multinational Business Review , 12: 1, pp.89-110.
- Xiao S. S.- Jeong I.- Moon J.J.- Chung C.C.- Chung J., (2013), Internationalization and Performance of Firms in China: Moderating Effectsof Governance Structure and the Degree of Centralized Control, Journal of International Management, 19, pp.118-137.
- Vithessonthi, C., (2016), Capital Investment, Internationalization, and Firm Performance: Evidence from Southeast Asian Countries, Research in Interntional Business and Finance, 38, pp.393-403.
- Vithessonthi, C.- Racela, O. C., (2016), Short and Long Run Effects of Internationalization and R&D Intensity on Firm Performance, Journal of Multinational Financial Management, 34, pp.28-45.
- Wagner, H.- Ruigrok W., (2004), Internationalization and Performance: A Meta Analytic Review nad Future Research Directions, Academy of International Business Meeting,
- Stockholm,Sweeden,https://www.researchgate.net/publication/228930392_Internationalization_and_firm_performance_MetaAnalytic_review_and_future_research_directions
There are 27 citations in total.
Details
| Primary Language | Turkish |
|---|---|
| Subjects | Business Administration |
| Journal Section | Research Article |
| Authors | |
| Publication Date | October 1, 2017 |
| Submission Date | May 2, 2017 |
| Published in Issue | Year 2017 Issue: 76 |