Ar-Ge ile Finansal Başarısızlık Arasındaki İlişki: Bilişim Sektörü Üzerine Bir Analiz
The Relationship Between R&D and Financial Failure: An Analysis on the IT Sector

Author(s): Adem Ruhan Sönmez
Subject(s): Financial Markets, ICT Information and Communications Technologies
Published by: Özgür Yayın Dağıtım Ltd. Şti.
Keywords: R&D investments; Financial Failure; IT Sector;
Summary/Abstract: 21st Century One of the most important sectors of today's century is the informatics sector. The innovative activities of the companies in this sector are important in terms of financial investors and company policies. The aim of this study is to reveal whether the effect of R&D investments on financial failure is statistically significant. For this purpose, the data of companies operating in the IT Sector traded in Borsa Istanbul for the years 2018q1-2022q2 and the relationship between R&D investments and financial failure were examined. Panel Granger Causality method was used in the study. As a result of the analysis, it has been determined that there is a two-way relationship between R&D investments and Z-Score and between Z-Score and R&D investments.

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