arbiter
JournalsPricingAccount

Do Potential Interactions Between Firms Have an Impact on Profitability? The Case of Manufacturing Industry in Turkey

Ruya Karci et al.

Politicka Ekonomie: teorie, modelovani, aplikace2026https://doi.org/10.18267/j.polek.1523article
ABDC B
Weight
0.50

What the paper says

This study examines the determinants of firm profitability in the Turkish manufacturing industry by incorporating spatial interaction among firms in the same sub-sector.Using quarterly data from 119 Borsa Istanbul (BIST)-listed firms between 2014-2023, we employ spatial panel models to assess whether a firm's profitability is influenced by both its own characteristics and the performance of neighboring firms.The Spatial Durbin Model emerges as the best-fitting specification.Findings indicate significant positive spillover effects: profitability is affected by peers' financial metrics, particularly working capital turnover, firm size, and debt to equity ratio.Spatial autocorrelation suggests sectoral externalities.Results highlight that traditional profitability drivers gain additional explanatory power when inter-firm dependencies are considered.The study underscores the importance of incorporating sectoral dynamics and spatial linkages into firm strategy and policymaking, offering novel empirical evidence for emerging market contexts.

Open paper page →

Cite this paper

https://doi.org/https://doi.org/10.18267/j.polek.1523

Or copy a formatted citation

@article{ruya2026,
  title        = {{Do Potential Interactions Between Firms Have an Impact on Profitability? The Case of Manufacturing Industry in Turkey}},
  author       = {Ruya Karci et al.},
  journal      = {Politicka Ekonomie: teorie, modelovani, aplikace},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.18267/j.polek.1523},
}

Paste directly into BibTeX, Zotero, or your reference manager.

Flag this paper

Do Potential Interactions Between Firms Have an Impact on Profitability? The Case of Manufacturing Industry in Turkey

Flags are reviewed by the Arbiter methodology team within 5 business days.

Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.