Abstract
The study aims to research the effect of firms innovation activities on financial performance. With in the scope, 2018-2022 data of 80 firms in the “BIST Manufacturing Sector” were analyzed using “panel data analysis” methods. As a consequences of the analysis, it was noted that the R&D expenses of the firms did not have a statistically significant effect on financial performance. However, while intangible assets have a negative impact on return on assets, it has been found to have a positive impact on return on equity. Within this scope, it is thought that investments and expenses made in innovation activities will have serious effects on financial performance in the long term.
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