 Detection of factors leading to business failure for petroleum filling Stations in TurkeyMehmet Baha Karan,
Özgür Arslan-Ayaydin and
Murat Alatli
Iktisat Isletme ve Finans, 2009, vol. 24, issue 282, 9-26 Abstract: The aim of this paper is to demonstrate the firm specific factors that lead to business failure concerning the gasoline distribution sector. Therefore we conduct our analyses on 1,016 gasoline filling stations for the year 2005. In the following year, we also obtain the data of closed down stations due to business failure. We conduct our analyses through binary logistic estimations and justify our model through Hosmer-Lemeshow test. Firstly, our results show that the probability of gasoline filling stations to business failure is positively associated with being located in the southeastern part of Turkey, not having a large supermarket operating within the station, having protested bills and bad debts. Furthermore likelihood of bankruptcy for the stations is adversely related with, serving vehicles working on LPG, being an acquired station, having canopy, having higher percentage of cash purchases and being located in the northwestern region of Turkey. Keywords: Business Failure Risk; Petroleum Products Industry; Gasoline Distribution Sector (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:iif:iifjrn:v:24:y:2009:i:282:p:9-26 Ordering information: This journal article can be ordered from Access Statistics for this article Iktisat Isletme ve Finans is currently edited by Ali Bilge More articles in Iktisat Isletme ve Finans from Bilgesel Yayincilik |
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