Evaluation of financial failure of healthcare companies traded in BIST with Fulmer H and Springate S Score Models

İnci Merve Altan; Ünal Şimşek

Makale detayları

Evaluation of financial failure of healthcare companies traded in BIST with Fulmer H and Springate S Score Models

Yazarlar:

İnci Merve Altan | Ünal Şimşek

Yayıncı:

Afyon Kocatepe University

Ana Başlıklar:

Finans

Dergi:

Afyon Kocatepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.25 Issue 2, pp.257-264

Belge Tipi:

Makale

Yayın Tarihi:

1/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001293152

pISSN:

1302-1966

Anahtar kelimeler:

Özet:

 According to modern finance principles, financial failure occurs when companies fail to meet their obligations regarding assets and liabilities. Determining the financial performance of health companies traded on the BIST will ensure that health expenditures that concern the entire society are transferred to appropriate areas with maximum social benefit. This study evaluates whether companies operating in the health field and whose shares are traded in BIST carry the risk of financial failure. For this purpose, financial risk situations were examined with Fulmer H and Springate S score models using the financial statement data of 8 companies in the BIST100 index over the period 20192022. The results show that all but one of the health companies traded on the BIST are not facing financial failure.

 According to modern finance principles, financial failure occurs when companies fail to meet their obligations regarding assets and liabilities. Determining the financial performance of health companies traded on the BIST will ensure that health expenditures that concern the entire society are transferred to appropriate areas with maximum social benefit. This study evaluates whether companies operating in the health field and whose shares are traded in BIST carry the risk of financial failure. For this purpose, financial risk situations were examined with Fulmer H and Springate S score models using the financial statement data of 8 companies in the BIST100 index over the period 20192022. The results show that all but one of the health companies traded on the BIST are not facing financial failure.

 According to modern finance principles, financial failure occurs when companies fail to meet their obligations regarding assets and liabilities. Determining the financial performance of health companies traded on the BIST will ensure that health expenditures that concern the entire society are transferred to appropriate areas with maximum social benefit. This study evaluates whether companies operating in the health field and whose shares are traded in BIST carry the risk of financial failure. For this purpose, financial risk situations were examined with Fulmer H and Springate S score models using the financial statement data of 8 companies in the BIST100 index over the period 20192022. The results show that all but one of the health companies traded on the BIST are not facing financial failure.

 Modern finans ilkelerine göre, finansal başarısızlık şirketlerin varlıkları ve borçlarıyla ilgili yükümlülüklerini yerine getirememesiyle başlar. BİSTte işlem gören sağlık şirketlerinin finansal performanslarının belirlenmesi toplumun tamamını ilgilendiren sağlık harcamalarının, maksimum sosyal fayda gözetilerek, uygun alanlara aktarılmasını sağlayacaktır. Bu çalışma, sağlık alanında faaliyet gösteren ve BİSTte hisseleri işlem gören şirketlerin finansal başarısızlık riski taşıyıp taşımadıklarını değerlendirmektedir. Bu amaca yönelik olarak, BİST100 endeksinde yer alan 8 şirketin 2019-2022 dönemindeki finansal tablo verileri kullanılarak Fulmer H ve Springate S skor modelleri ile finansal risk durumları incelenmiştir. Çalışmanın sonuçları, BİSTte işlem gören sağlık şirketlerinden biri hariç diğerlerinin finansal başarısızlık ile karşı karşıya olmadıklarını göstermektedir.

Makale detayları

Evaluation of financial failure of healthcare companies traded in BIST with Fulmer H and Springate S Score Models

Yazarlar:

İnci Merve Altan | Ünal Şimşek

Yayıncı:

Afyon Kocatepe University

Ana Başlıklar:

Finans

Dergi:

Afyon Kocatepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.25 Issue 2, pp.257-264

Belge Tipi:

Makale

Yayın Tarihi:

1/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001293152

pISSN:

1302-1966

Financial Failure

Bankruptcy Risk

Fulmer H Score Model

Springate S Score ModelFinansal Başarısızlık

İflas Riski

Fulmer H Skor Modeli

Springate S Skor Modeli

Sayı

Makale detayları

Yazarlar: İnci Merve Altan | Ünal Şimşek

Yayıncı: Afyon Kocatepe University

Ana Başlıklar: Finans

Dergi: Afyon Kocatepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.25 Issue 2, pp.257-264

Belge Tipi: Makale

Yayın Tarihi: 1/2023

Belge Dili: İngilizce

Document ID (Org No.): 2001293152

pISSN: 1302-1966

Sayı

Yazarlar:

İnci Merve Altan | Ünal Şimşek

Yayıncı:

Afyon Kocatepe University

Ana Başlıklar:

Finans

Dergi:

Afyon Kocatepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.25 Issue 2, pp.257-264

Belge Tipi:

Makale

Yayın Tarihi:

1/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001293152

pISSN:

1302-1966