Financial Distress of BIST Tourism Businesses During Covid-19
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Tarih
2023
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
This study aims to examine the financial effects of Covid-19 on tourism businesses in Turkey within the scope of financial distress. For this purpose, Altman Z-Score, and Springate S-Score were used. The sample of the study consists of 8 tourism companies traded in Borsa Istanbul (BIST) between the years 2019-2021 when Covid-19 is in question. According to the results of the analysis, Altman Z-Score and Springate S-Score models indicate similar results for the tourism companies included in the analysis. According to the Altman Z-Score model, before the Covid-19 period, in 2019, 2 companies were in the risky region in terms of financial distress; in 2020, which is the Covid-19 period, 1 company is risky and 1 company is in an uncertain area; in 2021, the period after the Covid-19, we saw that 2 companies are located in the risky area. According to the Springate S-Score model, it has been determined that 4 companies in 2019, 5 companies in 2020, and 4 companies in 2021 are located in the risky area. While we expect that the negative situations caused by the Covid-19 pandemic will negatively affect tourism businesses financially, the findings obtained in the study do not support this expectation much.
Açıklama
Anahtar Kelimeler
Otelcilik, Konaklama, Spor ve Turizm,İşletme,İktisat
Kaynak
International Journal of Public Finance (Online)
WoS Q Değeri
Scopus Q Değeri
Cilt
8
Sayı
2
