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Determination of Criteria Affecting the Growth Performance of Manufacturing Industry Firms in Türkiye Using Quantile Regression

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  • Aycan Kulaksız Hacıbebekoğlu

    (İstanbul Ticaret Üniversitesi, Fen Bilimleri Enstitüsü, İstatistik Bölümü, İstanbul, Türkiye)

  • Seda Bağdatlı Kalkan

    (İstanbul Ticaret Üniversitesi, İnsan ve Toplum Bilimleri Fakültesi, İstatistik Bölümü, İstanbul, Türkiye)

Abstract

This study aims to examine the growth performance of firms in Türkiye’s manufacturing industry, taking into account firm characteristics, firm capacity, and human capital indicators. Data from the “Business Environment and Enterprise Performance Survey” for the 2018–2020 period, conducted jointly by the European Bank for Reconstruction and Development and the World Bank, are used. The quantile regression method was used to analyze 395 companies engaged in manufacturing activities in Türkiye that experienced increased sales revenues between 2016 and 2018. This method yields different coefficient results for different quantile points and provides various regression models (Chen, 2005; Koenker, 2005). It allows for the interpretation of growth performance at various levels. This study examined the 0.10th, 0.20th, ... 0.90th quantile results for growth performance. The study’s findings indicate that the firm’s weekly working hours have no statistically significant effect on growth performance across all quantile levels. The capacity utilization rate of firms have a positive and statistically significant impact on the growth performance of firms in the 0.70th, 0.80th, and 0.90th quantiles. Regardless of the level of growth performance, an increase in firm age resulted in a decrease in growth performance. Furthermore, an increase in nonproduction employee rates for the 0.10th, 0.20th, 0.30th , and 0.40th quantiles leads to increased growth performance. Similarly, the rate of employees with university degrees at the 0.10th quantile has a positive and statistically significant impact on firm growth performance.

Suggested Citation

  • Aycan Kulaksız Hacıbebekoğlu & Seda Bağdatlı Kalkan, 2024. "Determination of Criteria Affecting the Growth Performance of Manufacturing Industry Firms in Türkiye Using Quantile Regression," Istanbul Journal of Economics-Istanbul Iktisat Dergisi, Istanbul Journal of Economics-Istanbul Iktisat Dergisi, vol. 0(40), pages 98-109, June.
    • Handle: RePEc:ijs:journl:v:0:y:2024:i:40:p:98-109
    DOI: 10.26650/ekoist.2024.40.1381467
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    References listed on IDEAS

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    1. Lee, Chang-Yang, 2010. "A theory of firm growth: Learning capability, knowledge threshold, and patterns of growth," Research Policy, Elsevier, vol. 39(2), pages 278-289, March.
    2. Koenker, Roger W & Bassett, Gilbert, Jr, 1978. "Regression Quantiles," Econometrica, Econometric Society, vol. 46(1), pages 33-50, January.
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