ANALYSIS OF THE EFFECTS OF 2008 FINANCIAL CRISIS ON FIRM’S FINANCIAL STATEMENTS ON SECTORAL BASIS Cover Image

2008 Küresel Finans Krizinin Sektörel Bazda Şirket Mali Tablolarına Etkilerinin Analizi
ANALYSIS OF THE EFFECTS OF 2008 FINANCIAL CRISIS ON FIRM’S FINANCIAL STATEMENTS ON SECTORAL BASIS

Author(s): Fatih B. Gümüş, Levet Aydemir
Subject(s): Financial Markets
Published by: Sakarya üniversitesi
Keywords: Financial Crisis; Sectorial Analysis; Balance Sheets; Financial Analysis;

Summary/Abstract: The aim of this paper is to analyse the effects of 2008financial crisis on financial tables of firms consolidating and comparing some of the company statements sectorally which are quoted on BIST before and after 2008 crisis.The distinctions was made by taking into account the connections between sectors withthe features and work–segments of firms. The non-continuous firms in the period of 2005-2012 with their extreme values which also affect financial ratios significantly, are excluded from the study. In this context, balance sheets of 59 firms from Food Industry, Metal Industry, sectors depending on Construction, Cement Sector which distinguish from Construction sector with its balance sheet size and financial structure, and Automotive & Supplier Industry are investigated. The data is interpreted by considering features of sector and conditions of our country. As results of analysis, almost all sectors are negatively affected in varying degrees and operating worsefinancial structure in post-crisis period than pre-crisis period. Especially increasing use of foreign sources and costs of financing with decreasing equity have negative effects on profitability

  • Issue Year: 2/2014
  • Issue No: 1
  • Page Range: 37-64
  • Page Count: 28
  • Language: Turkish