Financial Distress of BIST Tourism Businesses During Covid-19

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dc.contributor.authorPaksoy, Omer Burak
dc.contributor.authorSahın, Osman Nurı
dc.date.accessioned2026-01-24T12:01:11Z
dc.date.available2026-01-24T12:01:11Z
dc.date.issued2023
dc.departmentAlanya Alaaddin Keykubat Üniversitesi
dc.description.abstractThis 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.
dc.identifier.doi10.30927/ijpf.1329185
dc.identifier.endpage268
dc.identifier.issn2548-0499
dc.identifier.issue2
dc.identifier.startpage251
dc.identifier.trdizinid1221435
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/1221435
dc.identifier.urihttps://doi.org/10.30927/ijpf.1329185
dc.identifier.urihttps://hdl.handle.net/20.500.12868/4074
dc.identifier.volume8
dc.indekslendigikaynakTR-Dizin
dc.language.isoen
dc.relation.ispartofInternational Journal of Public Finance (Online)
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_TR-Dizin_20260121
dc.subjectOtelcilik
dc.subjectKonaklama
dc.subjectSpor ve Turizm,İşletme,İktisat
dc.titleFinancial Distress of BIST Tourism Businesses During Covid-19
dc.typeArticle

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