The Effect Of R&D Investment on Financial Performace And Evaluation Of The Efficiencies Of Firms Included In Bist Technology Index
Journal Title: Muhasebe ve Finansman Dergisi - Year 2017, Vol 19, Issue 76
Abstract
In this study analyzes efficiencies of research and development (R&D) investments of firms included in Borsa İstanbul Technology Index (XUTEK). Based on 2013, 2014 and 2015 data, the relative efficiencies of firm’s, in term of their research and development investments, are analyzed on the basis of three efficiency types. CCR (Charnes, Cooper ve Rhodes (1978)), as well as BCC ((Banker, Charnes ve Cooper (1984)) data envelopment models are used, where R&D intensity and R&D/Total Assets are two input and return on assets ratio and market-to-book value ratio are the two outputs. The findings of the study show that the pure technical efficiency levels of the companies are relatively high and that in 2015 the five firms have full pure technical efficiency. Therefore, it can be said that companies need to increase their scale activities in general in order to increase their total technical activities.
Authors and Affiliations
Levent Çıtak, Yüksel İltaş
Keywords
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