The Effects of Geopolitical Risks on Firm Investments: An Empirical Study on the Istanbul Stock Exchange
Extensive research has been conducted on the factors that influence a company's investment decisions. Both country-specific and firm-specific factors, impacting firms' investment choices, have been identified by researchers. Firm-specific factors encompass profitab...
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| Format: | Article |
| Language: | English |
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Van Yuzuncu Yıl University
2024-12-01
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| Series: | Yüzüncü Yıl Üniversitesi Sosyal Bilimler Enstitüsü Dergisi |
| Online Access: | https://dergipark.org.tr/tr/doi/10.53568/yyusbed.1507509 |
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| author | Selim Süleyman Yeşim Şendur Yaşar Tınar |
| author_facet | Selim Süleyman Yeşim Şendur Yaşar Tınar |
| author_sort | Selim Süleyman |
| collection | DOAJ |
| description |
Extensive research has been conducted on the factors that influence a company's investment decisions. Both country-specific and firm-specific factors, impacting firms' investment choices, have been identified by researchers. Firm-specific factors encompass profitability, size, operating risk, liquidity, and growth potential. On the other hand, country-specific factors are delineated as economic growth, inflation, political and economic uncertainty, taxation, and legal regulations within the country. Literature studies suggest that, in addition to political and economic uncertainties, geopolitical risks also exert a significant influence on firms' investment decisions. The research below focuses on how geopolitical risks (GPR) affect the investing choices of 309 non-financial businesses included in the Istanbul Stock Exchange of Turkey. Data spanning ten years, from 2010 to 2019, was collected, and the unbalanced panel data method was employed for analysis. In light of the study's conclusions, an increase in Turkey's GPR Index corresponded to a decline in firm investments, aligning with expectations. |
| format | Article |
| id | doaj-art-9a93058a00574b38951b82af7f10e98e |
| institution | Kabale University |
| issn | 1302-6879 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Van Yuzuncu Yıl University |
| record_format | Article |
| series | Yüzüncü Yıl Üniversitesi Sosyal Bilimler Enstitüsü Dergisi |
| spelling | doaj-art-9a93058a00574b38951b82af7f10e98e2025-01-12T07:34:33ZengVan Yuzuncu Yıl UniversityYüzüncü Yıl Üniversitesi Sosyal Bilimler Enstitüsü Dergisi1302-68792024-12-0166122310.53568/yyusbed.1507509 The Effects of Geopolitical Risks on Firm Investments: An Empirical Study on the Istanbul Stock Exchange Selim Süleymanhttps://orcid.org/0000-0002-1548-0874Yeşim Şendur0https://orcid.org/0000-0003-4695-2181Yaşar Tınarhttps://orcid.org/0000-0002-2382-4833İZMİR KATİP ÇELEBİ ÜNİVERSİTESİ Extensive research has been conducted on the factors that influence a company's investment decisions. Both country-specific and firm-specific factors, impacting firms' investment choices, have been identified by researchers. Firm-specific factors encompass profitability, size, operating risk, liquidity, and growth potential. On the other hand, country-specific factors are delineated as economic growth, inflation, political and economic uncertainty, taxation, and legal regulations within the country. Literature studies suggest that, in addition to political and economic uncertainties, geopolitical risks also exert a significant influence on firms' investment decisions. The research below focuses on how geopolitical risks (GPR) affect the investing choices of 309 non-financial businesses included in the Istanbul Stock Exchange of Turkey. Data spanning ten years, from 2010 to 2019, was collected, and the unbalanced panel data method was employed for analysis. In light of the study's conclusions, an increase in Turkey's GPR Index corresponded to a decline in firm investments, aligning with expectations.https://dergipark.org.tr/tr/doi/10.53568/yyusbed.1507509 |
| spellingShingle | Selim Süleyman Yeşim Şendur Yaşar Tınar The Effects of Geopolitical Risks on Firm Investments: An Empirical Study on the Istanbul Stock Exchange Yüzüncü Yıl Üniversitesi Sosyal Bilimler Enstitüsü Dergisi |
| title |
The Effects of Geopolitical Risks on Firm Investments: An Empirical Study on the Istanbul Stock Exchange
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| title_full |
The Effects of Geopolitical Risks on Firm Investments: An Empirical Study on the Istanbul Stock Exchange
|
| title_fullStr |
The Effects of Geopolitical Risks on Firm Investments: An Empirical Study on the Istanbul Stock Exchange
|
| title_full_unstemmed |
The Effects of Geopolitical Risks on Firm Investments: An Empirical Study on the Istanbul Stock Exchange
|
| title_short |
The Effects of Geopolitical Risks on Firm Investments: An Empirical Study on the Istanbul Stock Exchange
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| title_sort | effects of geopolitical risks on firm investments an empirical study on the istanbul stock exchange |
| url | https://dergipark.org.tr/tr/doi/10.53568/yyusbed.1507509 |
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