The relationship between internationalization and financial performance: BIST example

International business is becoming more important day by day in the rapidly changing global economic environment. Businesses turn to international markets to maintain their competitive advantage and take advantage of growth opportunities. Internationalization is the process of going beyond the borders of businesses, opening up to new markets, creating global networks and establishing international collaborations. However, internationalization has its challenges as well as opportunities. Factors such as cultural differences, competition in foreign markets, legal and political obstacles are just a few of the difficulties that businesses may encounter in the internationalization process. In this study, we will examine the impact of internationalization on the financial performance of businesses. Financial performance is a critical indicator for measuring and evaluating the success of businesses. Financial indicators such as income statement, balance sheet and cash flow statement reveal the financial situation, profitability and growth potential of businesses. The impact of internationalization on financial performance is quite interesting. Some research shows that internationalization can increase businesses' revenues, provide cost advantages and strengthen their competitive positions. However, internationalization can also introduce financial risks and require careful management of businesses in areas such as liquidity, cash flow and financial structure.