Economic Growth Rate Of Turkey: A Case Study

Financial development can be defined as “the factors, policies, and institutions that lead to effective financial intermediation and markets, as well as deep and broad access to capital and financial services” (WEF, 2011). Causality between firms' financial development and economic growth can be defined as an increase in the quantity of goods and services that can be measured on a gross domestic product basis, which is one of the most important, produced in a given country for a short time (Philip and Peter 2009). The widely used and inclusive dimension of national outputs is a theoretical and empirically controversial issue. In this study, the economic growth rate of the Turkey and the average of exchange rate of Turkey the return

It shows the profits that a company has earned in comparison to the total amount of equity in the balance sheet (Komashie, 2014). ROE is one of the most important financial ratios and profitability measures. Generally, the final rate that a company can obtain from its financial statements is said to be "mother of all rates". It measures how profitable a company is for the owner of the investment and how profitable a company is using its own resources (Komashie, 2014). Return on equity is calculated by taking a year’s worth of earnings and dividing them by the average shareholder equity for that year, and is expressed as a

For this aim, the methodology of this thesis based upon the correlation to relate the financial statements on the economic growth and exchange rate. This statistical method was used to determine whether there was a linear relationship between the values, and if so, the direction and severity of this relationship. In data and conclusion sections results of the study will be explained briefly and interpreted.

DATA ANALYSIS

In this research, to investigate the relationship between companies' financial statement on the economic growth and exchange rate, annual data from Turkey is used for the period 2010-2015. Exchange rate was based on dollars. In the Turkish trade, a large part is using dollars.

11 companies in Turkey were selected for the sample. Financial data was obtained from the official sites of each company. Based on data from years of 2009 to 2015.Net sales, operating profit/loss and shareholders' equity were used among financial indicators. Those data were selected to calculate the change in net sales and the ratio of return on equity. Turkish lira was used for the data belonging to the companies.

Names of the 11 selected companies:

1. Selcuk Ecza Deposu

2. SASA