Sectoral Financial Risk Comparison: Example of The BIST Tourism and Construction Index
Chapter from the book:
Yürük,
M.
F.
&
Buğan,
M.
F.
(eds.)
2023.
Evolution of Financial Markets- III.
Synopsis
The aim of this study is to analyze the financial risks of the enterprises included in the BIST Tourism and Construction indices comparatively. For this purpose, the financial statements of the enterprises included in the research, which contain financial data, were obtained from the Public Disclosure Platform (KAP) between 2012-2022. The financial risks of the enterprises were calculated by using the financial statement data with the Altman Z score Model.
After performing a sectoral financial risk analysis in the study, the relationships between the financial risks of each sector and stock return rates were analyzed and their effects were compared. The relationship between the variables was examined by panel data regression analysis and it was seen that there was a positive relationship between the financial risk scores and return rates in both results. In addition, it was reached that the financial risks in the construction calendar were higher than the factors in the tourism index, and on the other hand, the information in the construction calendar was higher than the rates in the stock reporting report.,
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Copyright (c) 2023 Muhammed Fatih Yürük- Mehmet Fatih Buğan; Samuray Karaca- Ahmet Karaca- Fatih Demir- Elif Altun- Onur Öksüz- Yusuf Bahadır Kavas- Murat Kesebir- Elçin Noyan- Gültekin Baysal- İsmet Anık Baysal- Umut Tolga Gümüş- Seher Gören Yargı- Turgut Karabulut- Meltem Keskin- Güneş Topçu- Fatma Mumcu Küçükçaylı - Ömer Fazıl Emek- İlknur Ülkü Armağan- Korkmaz Ergün