IŞIK, Nihat Kırıkkale Üniversitesi - İktisadi ve İdari Bilimler Fakültesi - Ekonometri Bölümü, Turkey , ENGELOĞLU, Özgür Kırıkkale Üniversitesi - İktisadi ve İdari Bilimler Fakültesi - Ekonometri Bölümü, Turkey , KILINÇ, Efe Can Kırıkkale Üniversitesi - İktisadi ve İdari Bilimler Fakültesi - Ekonometri Bölümü, Turkey

THE EFFECT OF RESEARCH AND DEVELOPMENT EXPENDITURES ON THE PROFITABILITY AND SALES: AN APPLICATION ON BIST COMPANIES

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In today s competitive world innovation and R D (Research and Development) are the most important factors that needed both grow and increase their performance for companies. Most of companies are allocated significant share from their budget for increase both sales and profitability. Also in Turkey started to give importance to R D with the contribution of encourage and support in recent years. The best-selling and the most profitable companies are at the same time that sepa- rates the greatest share of their budget for the R D activities. In this situation, contribution of R D is clearly emerging. Starting from this point in the study, the relationship between R D expenditures, sales and profitability on the basis of BIST companies for the period 2008:Q1-2014:Q4 were analyzed by the models of Panel Data. The analysis results show that; R D spend-ing have a positive and significant effect on profitability and sales.

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R D Expenditures , Profitability , Sales , Panel Data Analysis.

Erciyes University Journal Of Economics an‎d Administrative Sciences

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