Effect of Operating Expenses on Firm Profitability: A Study on Firms Traded in the BIST30 Index

Turan Öndeş and Muhammet Levet
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Turan Öndeş: Ataturk University
Muhammet Levet: Mus Alparslan University

Journal of Finance Letters (Maliye ve Finans Yazıları), 2023, vol. 38, issue 119, 77-96

Abstract: This study aims to examine the effect of firms’ operational expenses on their profitability. To this end, the relationship between the marketing, sales, and distribution expenses, general administrative expenses, and research and development expenses of 16 companies traded in the BIST30 index and their net profits were examined through Panel Regression Analysis. The analysis covers the annual data for the 2010-2021 period. The results showed that the general administrative and research-development expenses positively predicts the net profits of companies. However, no statistically significant relationship was found between marketing, sales, and distribution expenses and net profit for the period.

Keywords: Operating Expenses; Profitability; Panel Regression; BIST (search for similar items in EconPapers)
JEL-codes: D53 G23 G32 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:38:y:2023:i:119:p:77-96

DOI: 10.33203/mfy.1205139

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