A research for the competitive environment hypothesis in the short-run for the Turkish manufacturing industry

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dc.authorid0000-0002-6521-0901
dc.authorid0000-0002-3407-1259
dc.contributor.authorIskenderoglu, Omer
dc.contributor.authorOzturk, Ilhan
dc.date.accessioned2019-08-01T13:38:39Z
dc.date.available2019-08-01T13:38:39Z
dc.date.issued2016
dc.departmentNiğde ÖHÜ
dc.description.abstractThe competitive environment hypothesis is one of the basic ideas in mainstream economic theory. It states that the competitive process eliminates all economic profits and losses in the long-run so profits do not persist. This article studies the competitive environment hypothesis of 125 Istanbul Stock Exchange (ISE) quoted manufacturing firms that survived during the period of 2009:1-2010:4, which can be considered as the short-run. Net income after tax to total assets (return on assets [ROA]) and net income after tax to total equity (return on equity [ROE]) are both used as profit measures. Starting with Levin et al. and Im et al.'s panel unit root tests, pooled Ordinary Least Squares (OLS), panel fixed effects and cross-sectional analysis are employed. The results indicate that competitive environment hypothesis is viable and profits do not persist in the short-run.
dc.identifier.doi10.1080/1331677X.2016.1163948
dc.identifier.endpage147
dc.identifier.issn1331-677X
dc.identifier.issn1848-9664
dc.identifier.issue1
dc.identifier.scopus2-s2.0-85009971846
dc.identifier.scopusqualityQ2
dc.identifier.startpage140
dc.identifier.urihttps://dx.doi.org/10.1080/1331677X.2016.1163948
dc.identifier.urihttps://hdl.handle.net/11480/3728
dc.identifier.volume29
dc.identifier.wosWOS:000374898400010
dc.identifier.wosqualityQ3
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.institutionauthor[0-Belirlenecek]
dc.language.isoen
dc.publisherROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
dc.relation.ispartofECONOMIC RESEARCH-EKONOMSKA ISTRAZIVANJA
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectCompetitive environment hypothesis
dc.subjectpersistence
dc.subjectreturn on assets (ROA)
dc.subjectreturn on equity (ROE)
dc.titleA research for the competitive environment hypothesis in the short-run for the Turkish manufacturing industry
dc.typeArticle

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