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Journals / Ekonomi İşletme ve Yönetim Dergisi / 2022 / Cilt: 6 - Sayı: 2

Comparison of Financial Failure Prediction Models: A Research on Borsa İstanbul Tourism Companies

Finansal Başarısızlık Tahmin Modellerinin Karşılaştırılması: Borsa İstanbul Turizm Şirketlerinde Bir Araştırma

Şevki YILDIZ
Serhan GÜRKAN
Pages
235–262
Publication Date
2022-12-31
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

It has been determined that the models used produce different results from each other.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The aim of this study is to comparison of similarities and differences of financial failure prediction models which are frequently used in finance literature for tourism enterprises.
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Key Findings & Data:The data obtained from the annual financial statements of 10 tourism enterprises traded in Borsa Istanbul covering the period 2011 - 2020 were used to solve five models (3 version of Altman Z Score, Springate Model, Fulmer Model) that are frequently used in the literature.
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Conclusion & Impact:It has been determined that the models used produce different results from each other.
🔬Design:Modeling & Simulation
📍Scope:2011 - 2020 Verileri
⚙️Variables:Finansal Başarısızlık · Altman Z Skoru · Springate Modeli

Abstract

The aim of this study is to comparison of similarities and differences of financial failure prediction models which are frequently used in finance literature for tourism enterprises. The data obtained from the annual financial statements of 10 tourism enterprises traded in Borsa Istanbul covering the period 2011 - 2020 were used to solve five models (3 version of Altman Z Score, Springate Model, Fulmer Model) that are frequently used in the literature. In the study, all models were solved separately for each business and research period and the findings were interpreted separately. It has been determined that the models used produce different results from each other.

Özet

Bu çalışmanın amacı; turizm işletmeleri özelinde finans literatüründe sıklıkla kullanılan finansal başarısızlık modellerinin benzerliklerinin ve farklılıklarının karşılaştırılmasıdır. Bu amaç doğrultusunda Borsa İstanbul’da işlem gören 10 adet turizm işletmesinin 2011 – 2020 dönemlerini kapsayan yıllık finansal tablolarından elde edilen veriler, literatürde sıklıkla kullanılan beş adet modelin (Altman Z Skorunun 3 versiyonu, Springate Modeli, Fulmer Modeli) çözümü için kullanılmıştır. Çalışmada, araştırma kapsamındaki her işletme ve her araştırma dönemi için tüm modeller ayrı ayrı çözülmüş ve elde edilen bulgular ayrı ayrı yorumlanmıştır. Araştırma kapsamındaki modellerin birbirlerinden farklı sonuçlar ortaya koyduğu tespit edilmiştir.

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Cite This Article

YILDIZ, Ş., GÜRKAN, S. (2022). Comparison of Financial Failure Prediction Models: A Research on Borsa İstanbul Tourism Companies. Ekonomi İşletme ve Yönetim Dergisi, Cilt: 6 - Sayı: 2, 235–262. https://ajindex.com/articles/867874

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