In this study, panel data analysis is performed to assess not only the Textile Sector which holds an important place in Turkish Economy but also the impact of Research and Development investments of 14 firms, competing in national and international markets in this sector with public securities traded in Istanbul Stock Exchange, on their market prices, net sales and equity capital. | The relation between R D expenditures and financial performance of textile firms traded in Istanbul stock exchange BIST Evaluation through panel data analysis International Journal of Management IJM Volume 8 Issue 3 May June 2017 155 Article ID IJM_08_03_016 Available online at http ijm JType IJM amp VType 8 amp IType 3 Journal Impact Factor 2016 Calculated by GISI ISSN Print 0976-6502 and ISSN Online 0976-6510 IAEME Publication THE RELATION BETWEEN R amp D EXPENDITURES AND FINANCIAL PERFORMANCE OF TEXTILE FIRMS TRADED IN ISTANBUL STOCK EXCHANGE BIST EVALUATION THROUGH PANEL DATA ANALYSIS Dr. Cevdet A. KAYALI Assoc. Prof. Business Administration Department Celal Bayar University Manisa TURKEY ABSTRACT Globalisation has brought a change in the concept of competition for business firms transforming price competition into a competition for enhancing the quality of non-price good and services transforming regional competition into global competition raising brand awareness and also increasing the value added generated by brand equity. This situation led to the diversification of products and shortening of product lifetime depending on costumer behaviours. As a result the rules determined by this competition increase the significance of Research and Development for product quality variety and also for corporate competitiveness. In this study panel data analysis is performed to assess not only the Textile Sector which holds an important place in Turkish Economy but also the impact of Research and Development investments of 14 firms competing in national and international markets in this sector with public securities traded in Istanbul Stock Exchange on their market prices net sales and equity capital. As a result of this study it is understood that except for share price and equity capital variables net sales variable produces significant results. It is concluded that there is a positive correlation between .
