A Panel Dupont Regression Approach to Evaluate Financial Performance and Market Value of Transportation Firms in Türkiye

Abstract

In this study, we examine the financial performance and market value of transportation firms in Türkiye, by utilizing a combination of panel data models and Dupont analysis. We use data from publicly traded transportation firms, starting from 2017 Q3 to 2022 Q2, and exhibit which factors influence financial performance and market value in the industry. Financial performance model results show that profitability and productivity positively and significantly impact transportation firms' performance whereas debt usage negatively impacts performance. Our findings on market value analysis show that profitability has no impact on the market value of transportation firms whereas debt usage and productivity have a positive effect on market values in the sector. The findings offer many practical implications that can be used for managers, financial investors, and stakeholders in the transportation industry.