The Effects of Global Economic Crisis of 2008 to Financial Statements and Liquidity Ratios Which Companies are Settled In BIST Energy Sector (2005-2013 Term Review)

Selcuk Kendirli (), Muhammet Cankaya and Altug Cagatay
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Selcuk Kendirli: Hitit University, FEAS, Banking and Finace Department
Muhammet Cankaya: Hitit University Sungurlu Vacational School
Altug Cagatay: GaziosmanpaÅŸa University, Almus Vocational School

Journal of Economic Development, Environment and People, 2017, vol. 6, issue 1, 6-21

Abstract: Aim of this study is to compare and analyze whether the 2008 global economic crisis affected the balance of the energy companies which are listed in the Ä°stanbul Stock Exchange and have shown continuity in 2005-2013 period by using a variety of analyzing methods. Companies that demonstrate continuity between the years 2005-2013 were not assessed in this study. Horizontal and vertical analyses were made on the financial statements of the companies which are evaluated and liquidity ratios were assessed. As a result of the analysis the companies have been found to be affected to different degrees by the crisis.

Keywords: Financial Crisis; Balance Sheets; Financial Analysis (search for similar items in EconPapers)
JEL-codes: F65 G12 O16 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:sph:rjedep:v:6:y:2017:i:1:p:6-21

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