MACROECONOMIC DETERMINANTS OF FIRM PERFORMANCE: EVIDENCE FROM TURKEY

Ömer Doruk

The Singapore Economic Review (SER), 2023, vol. 68, issue 01, 177-196

Abstract: The relationship between macroeconomic factors and firm performance is important, especially for growth and development in developing countries. In this paper, a firm-level dataset is used for estimating the role of macroeconomic factors on firm performance in the period 2006–2017 for the Turkish manufacturing sector by using GMM model. Four macroeconomic factors are considered for estimating their roles on firm performance; openness, financial depth, real exchange rate, and economic growth rate. The obtained findings show that the macroeconomic conditions have a significant effect on firm performance in the manufacturing sector in Turkey.

Keywords: Turkish manufacturing sector; macroeconomic conditions; firm performance (search for similar items in EconPapers)
JEL-codes: D21 D22 G30 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:wsi:serxxx:v:68:y:2023:i:01:n:s0217590819500188

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DOI: 10.1142/S0217590819500188

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