Şirketlerin Yapısal Özelliklerinin Yatırım Tutarı Üzerindeki Etkisi: BİST Tüm Endeksi Şirketleri Üzerine Bir Araştırma
Impact of Structural Characteristics of Firms on Investment Amounts: Evidence from BIST All Index

Summary/Abstract: The primary objective of corporate management is to maximize a company's market value by adopting optimal investment and financing policies. Particularly, firms with substantial growth potential can allocate their earnings towards new investments, which in turn can generate additional cash flows and stock returns. This study aims to investigate the firm-specific variables that influence investment amounts. To this end, a Panel Regression Analysis was conducted to explore the relationship between firm-specific variables and investment amounts for 128 companies listed in the BIST All Index, excluding financial institutions, over the period from 2012 to 2021. The results reveal a significant relationship between investment expenditures and variables such as liquid assets, net income at the end of the period, short-term debt, long-term debt, tax amount, and company size. Specifically, a positive relationship was identified between company size and investment expenditures, while a negative relationship was observed between investment expenditures and the other variables.

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