%0 Journal Article
%T Investigation Of The Companies In The Bist Trade Index With Springed Financial Failure Model
%A Eda Dizgil
%J -
%D 2018
%X The purpose of this study is to examine the companies that traded their shares in the Trade Index in Borsa Istanbul with Springate financial failure model. For this purpose, the annual financial statements of the 18 companies included in the BIST Trade Index for the years 2012-2017 are used. The average S value of the companies was determined as 0.99 according to the results of S scores calculated with Springate financial failure model. This in general shows that these companies have a low risk of bankruptcy and that many of the companies are financially successful. The predicted bankruptcy forecast in the Springate model was not realized. However, this does not mean that companies do not have the risk of bankruptcy. Correlation analysis was performed to determine the relationships between the components in the model. As a result of the analysis, the positive correlation between the S score and the pre-interest and pre-tax profits was determined. In order to determine the stability of the variables used in the model, unit root tests were performed and the unit root was determined in the variables and this situation was corrected by taking primary differences of the series. In order to determine the effect of the variables used in the Springate model on the S value obtained as a result of this model, the panel data analysis was performed. As a result of the analysis, it was determined that there was a significant relationship between the sales before interest, the profit before taxes and the total of assets. According to this result, it is concluded that the increase in these variables will positively affect the financial success of the companies
%K birim k£¿k testi
%K finansal ba£¿ar£¿s£¿zl£¿k
%K springate modeli
%K panel veri analizi
%K korelasyon analizi
%U http://dergipark.org.tr/bseusbed/issue/40770/462059