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Dergiler / Journal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty / 2021 / Volume: 8 Issue: 3

KOVID-19, FİNANSAL RİSK VE HAVAYOLU SEKTÖRÜ

COVID-19, FINANCIAL RISK AND THE AIRLINE INDUSTRY

Kasım Kiracı(İSKENDERUN TEKNİK ÜNİVERSİTESİ)0000-0002-2061-171X
Sayfa
—
Yayın Tarihi
2021-11-30
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⚡ TL;DR(1 Cümlede Hızlı Çıkarım)

Bulgular, kriz zamanlarında diğer bir ifadeyle finansal sıkıntı ve iflas olasılığının arttığı durumlarda (Covid-19 gibi), kaldıraç seviyesi, varlık yapısı, firma büyüklüğü, firma karlılığı ve likidite oranının havayolu finansal sıkıntı veya iflas olasılığını önemli ölçüde etkilediğini göstermektedir.

📌 3 Maddede Bu Makale

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Amaç & Hipotez:Bu çalışmanın amacı, finansal sıkıntı olasılığının olduğu kriz dönemlerinde, havayollarının iflas riskini artıran veya azaltan finansal değişkenlerin araştırılmasıdır.
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Temel Bulgular & Veri:Bu çalışmada, havayollarında finansal sıkıntıyı veya iflas olasılığını etkileyen finansal değişkenler incelenmiştir.
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Sonuç & Katkı:Bulgular, kriz zamanlarında diğer bir ifadeyle finansal sıkıntı ve iflas olasılığının arttığı durumlarda (Covid-19 gibi), kaldıraç seviyesi, varlık yapısı, firma büyüklüğü, firma karlılığı ve likidite oranının havayolu finansal sıkıntı veya iflas olasılığını önemli ölçüde etkilediğini göstermektedir.
🔬Tür:Modelleme & Sayısal Simülasyon
📍Kapsam:Genişletilmiş Akademik Örneklem
⚙️Değişkenler:Financial Risk · Airline Industry · Financial Distress Prediction Models

Özet

Bu çalışmanın amacı, finansal sıkıntı olasılığının olduğu kriz dönemlerinde, havayollarının iflas riskini artıran veya azaltan finansal değişkenlerin araştırılmasıdır. Bu çalışmada, havayollarında finansal sıkıntıyı veya iflas olasılığını etkileyen finansal değişkenler incelenmiştir. Çalışma kapsamında 35 havayolunun finansal verileri incelenmiştir. Altman (1968) Z-skor, Springate (1978) S-skor ve Zmijewski (1984) J-skor finansal sıkıntı tahmin modellerinden yararlanılmıştır. Bulgular, kriz zamanlarında diğer bir ifadeyle finansal sıkıntı ve iflas olasılığının arttığı durumlarda (Covid-19 gibi), kaldıraç seviyesi, varlık yapısı, firma büyüklüğü, firma karlılığı ve likidite oranının havayolu finansal sıkıntı veya iflas olasılığını önemli ölçüde etkilediğini göstermektedir.

Abstract

The aim of this study is to investigate which financial variables increases or decreases the risk of the bankruptcy of airlines during periods of crisis when there is a possibility of financial distress. In this study, financial variables that affect financial distress in airlines and the possibility of bankruptcy were analyzed. In the framework of the study, the financial data from 35 airlines were examined. We employed the Altman (1968) Z-score, Springate (1978) S-score and Zmijewski (1984) J-score financial distress prediction models. The findings indicate that in times of crisis, when the probability of financial distress and bankruptcy increases (such as with Covid-19), leverage level, asset structure, firm size, firm profitability and liquidity ratio have a significant effect on an airline’s probability of bankruptcy score.

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Bu Makaleye Atıf Yap

Kiracı, K. (2021). KOVID-19, FİNANSAL RİSK VE HAVAYOLU SEKTÖRÜ. Journal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty, Volume: 8 Issue: 3. https://doi.org/10.30798/makuiibf.911548

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