THE ANALYSIS OF FINANCIAL FRAGILITY’S EFFECTS ON TEXTILE INDUSTRY WITH THE ASSISTANCE OF FINANCIAL RATIOS- 1992-2003 ANALYSIS

Arman Aziz Karagul and Bilge Özdemir

Anadolu University Journal of Social Sciences, 2009, vol. 9, issue 1, 47-62

Abstract: Turkey has faced various crisis and shocks since the beginning of 90’s of which effected textile industry in many ways. Because the crises have different structures, their effect on economies as a whole and businesses as one of the important components differ. Within this study, 1994 crisis, 1997 Asian crisis, 1998 Russian crisis and 2001 crisis are explored by the means of effects on textile industry. For this aim, the financial statements of textile companies listed on Istanbul Stock Exchange between 1992 and 2003 are analyzed and financial ratios of these companies are calculated. Factor analysis is carried on over these ratios and then in order to estimate the effect of crisis discriminant analysis is carried on.

Keywords: Textile Industry; Financial Shock; Financial Ratios; Factor Analysis; Discriminant Analysis (search for similar items in EconPapers)
JEL-codes: F41 G01 M41 (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.anadolu.edu.tr/arastirma/hakemli_dergil ... 009-1/2009_01_03.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:and:journl:v:9:y:2009:i:1:p:47-62

Access Statistics for this article

Anadolu University Journal of Social Sciences is currently edited by Ramazan Geylan

More articles in Anadolu University Journal of Social Sciences from Anadolu University Contact information at EDIRC.
Bibliographic data for series maintained by Social Sciences Institute ( this e-mail address is bad, please contact ).