The Effect of Global Financial Crisis on Accounting and Value-Based Business Performances

Ali İhsan Akgün and Famil Şamiloğlu
Additional contact information
Ali İhsan Akgün: Ankara Yıldırım Beyazıt University
Famil Şamiloğlu: Mugla Sitki Kocman University

Business and Economics Research Journal, 2017, vol. 8, issue 3, 453-471

Abstract: There are numerous studies analyzing the relationship between global financial crisis and financial performance of business. Although, recent surveys reflect the upper hand to a generally negative relationship, this question still gives rise to debate. To approach the issue from different perspective the question that whether accounting based on financial performance and value based on Economic Value-Added (EVA) play a role during periods of uncertainty? In this study, it is purposed to test this hypothesis of financial performance acting as an sample of BİST 100 listed companies, over pre and post crisis reference periods around the current financial crisis. Furthermore, this study examines the impact of cash ratio, liqudity ratio and cash conversion cycle of the recent 2008 global financial crisis on the relation between a firm’s performance and Economic Value-Added (EVA) using a sample of BİST 100 firms covering the period from 2003 to 2012. According to research findings that explanatory power of independent variables to explain dependent variables is higher in the post-financial crisis period. Moreover, EVA, which is known as a measure of modern performance in the post-crisis period, has higher explanatory power for these variables.

Keywords: Firm Performance; Financial Crisis; EVA (search for similar items in EconPapers)
JEL-codes: G32 G35 M40 M41 (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.berjournal.com/the-effect-of-global-fin ... usiness-performances Full text (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:ris:buecrj:0282

Access Statistics for this article

Business and Economics Research Journal is currently edited by Adem Anbar

More articles in Business and Economics Research Journal from Uludag University, Faculty of Economics and Administrative Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Adem Anbar ().