Finansal Başarısızlık Riski Taşıyan ile Taşımayan İşletmelerin Finansal Oranlarının Karşılaştırmalı Analizi: Borsa İstanbul Turizm İşletmelerinde Bir Araştırma

• Main Authors: Erdinç KARADENİZ, Cemile ÖCEK
• Format: Article
• Language: Turkish
• Published: Sidas Medya 2019-08-01
• Series: Journal of Travel and Hospitality Management
• Subjects: Financial Failure Risk; Altman Z Score Model; Ratio Analysis; Tourism Companies; Borsa İstanbul.
• Online Access: https://dergipark.org.tr/soid/issue/47537/600207

The aim of this study is to determine whether there is a statistically significant difference in the financial ratios of those who have a risk of financial failure and the ones who do not have a risk of financial failure in the tourism companies listed in Borsa Istanbul. In this context, the financial failure risks of the tourism companies were determined according to the Altman Z Score model between the years 2012-2017. Then, it was tried to be determined by the Mann Whitney U Test whether there is any difference between the financial ratios of the companies which have the risk of financial failure and which do not have the risk of financial failure. As a result of the analysis, it was found that there was a statistically significant difference in terms of current ratio, acid-test ratio, cash ratio, leverage ratio, return on assets, return on equity, net profit margin and price to earnings ratio between the companies with the risk of financial failure and the companies that do not have the risk of financial failure.