Özet:

Technological knowledge has been the base of new economy, sustainable economic growth and international competition. The technological knowledge which is developed as a result of Research and Development (R&D) activities has an important role in economic growth by spreading through the entire economy. Increasing R&D expenditures makes it possible to make use of new technologies in production process and as a result of this, increase in productivity, cost and price advantages are ensured. It has become a subject of curiosity whether or not these benefits which are obtained from the increasing importance of R&D activities have an impact on firms’ sales revenues and profit figures. The aim of this study is to analyze the effect of firm R&D expenditures on firm sales revenues, and also to assess the efficiency of net profits on R&D expenses by using dynamic panel data model. For this purpose, the data which were obtained from 29 companies having operations in R&D activities in Gaziantep from 2005 to 2010 has been analyzed. The findings of the research indicate that there is a positive relationship between R&D expenditures and the net sales revenues, net profits and R&D expenditures.

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