The impact of selected firm features on sales growth: Empirical evidence from S&P500

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dc.contributor.authorGürbüz, Ali Osman
dc.contributor.authorAtaünal, Levent
dc.contributor.authorAybars, Aslı
dc.date.accessioned2020-11-21T15:54:01Z
dc.date.available2020-11-21T15:54:01Z
dc.date.issued2017en_US
dc.departmentİstanbul Ticaret Üniversitesien_US
dc.description.abstractFirm growth is an important research topic in the academic arena and accepted as a leading indicator of firm’s health. However, the debate as to the determinants of growth has not yet been fully solved. Many studies concocted in developed and developing economies, already attempted to identify the driving forces that spur firm growth. This study investigates how selected factors influence sales growth of firms by employing 22 years of consecutive data on a sample of 243 nonfinancial Standard and Poor’s 500 (S&P500) companies. The empirical findings of panel data analysis demonstrate significant influence of previous year sales growth, average growth rate of relevant industry, firm size, and change in profitability level on the selected proxy of firm growth. Additionally, financial leverage, market-to-book ratio, price-to-earnings ratio, and plowback ratio are not found to have any significant relationship with the growth rate of the firm. A crucial result to emphasize is that the market in which firms operate is the major force that spurs growth, and this impact is captured by the industry growth variable. © Springer International Publishing AG 2017.en_US
dc.identifier.doi10.1007/978-3-319-44591-5_25en_US
dc.identifier.endpage383en_US
dc.identifier.issn1431-1941
dc.identifier.scopus2-s2.0-85064917057en_US
dc.identifier.scopusqualityQ4en_US
dc.identifier.startpage371en_US
dc.identifier.urihttps://doi.org/10.1007/978-3-319-44591-5_25
dc.identifier.urihttps://hdl.handle.net/11467/3741
dc.identifier.wosWOS:000415645900027en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherSpringeren_US
dc.relation.ispartofContributions to Management Scienceen_US
dc.relation.publicationcategoryKitap Bölümü - Uluslararasıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectFirm growthen_US
dc.subjectFirm sizeen_US
dc.subjectGrowth opportunityen_US
dc.subjectManagement capacityen_US
dc.subjectSales growthen_US
dc.titleThe impact of selected firm features on sales growth: Empirical evidence from S&P500en_US
dc.typeBook Chapteren_US

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