Karlılığı Belirleyen Finansal Faktörler: BIST’te İşlem Gören İmalat Sanayi Firmaları Üzerine Bir Araştırma

Bu çalışmanın amacı Borsa İstanbul’da (BİST) hisse senetleri işlem gören imalat sanayi firmalarının karlılığını belirleyen finansal faktörlerin tespit edilmesidir. Araştırmada 2005-2012 yılları arasında BİST imalat sanayide işlem gören 136 firmanın verilerinden yararlanılmıştır. Araştırmada panel veri analizi kullanılmıştır. Yapılan analizler sonucunda ROA ve ROE ile toplam varlıklar arasında pozitif bir ilişki; buna karşın kaldıraç oranı arasında ise negatif bir ilişki tespit edilmiştir. Cari oran ve firma yaşı ile karlılık arasında istatistiksel olarak anlamlı olmayan sonuçlar elde edilmiştir.

Anahtar Kelimeler:

Varlık Karlılığı, Öz sermaye Karlılığı, BIST, İmalat Sanayi.

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