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Studies on Balkan and Near Eastern Social Sciences

Edited By Rasim Yilmaz and Günther Löschnigg

This volume is a collection of empirical and theoretical research papers in the social sciences regarding the Balkans and the Near East written by researchers from several different universities and institutions. The studies include a wide range of topics from economic, financial, political, agricultural, sociological, international relations to historical, cultural, and feminist issues in the region of the Balkan and Near East. The book is aimed at educators, researchers, and students interested in the Balkan and Near Eastern countries.

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Entrepreneurial Orientation, Intangible Resources Advantage, and Corporate Growth: Evidence from Turkish SMEs (Hasan Ayaydin / Fahrettin Pala / İbrahim Karaaslan)

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Hasan Ayaydin1, Fahrettin Pala2 and İbrahim Karaaslan3

Entrepreneurial Orientation, Intangible Resources Advantage, and Corporate Growth: Evidence from Turkish SMEs

Introduction

The first study on corporate growth was carried out by Robert Gibrat who put forward the relationship between corporate size and corporate growth. Gibrat (1931) concluded that there is not a relationship between corporate size and corporate growth and that an assessment concerning the growth of corporations could not be made judging from their sizes. This condition is also called “Gibrat Law”. A great number of studies on corporate growth focus on factors that affect corporate growth. In these studies, the effect of research and development investment, capital structure or leverage ratio, different structures such as profitability and liquidity, and policies on corporate growth were analysed by using different models.

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