Abstract:
This study aims to determine the factors affecting the performance of companies
operating in the Turkish manufacturing industry. The sample of the study consists of
25394 firms which have been active in Turkish manufacturing industry between the
years 2005 and 2011. Heckman sample selection model is used for the assessment
of the growth and survival probabilities of the firms. According to the research
model, it was found that the factors affecting firm performance are firm and
industry based factors. It is concluded that Innovation, R&D, export and branch
variables have positive significant effects on the performance of the manufacturing
industry firms.