Determining the Financial Performances of ISE Tourism Companies in the Period of 2009-2020 by Data Envelope Analysis

Meziyet Sema Erdem; Tülay Yel

Makale detayları

Determining the Financial Performances of ISE Tourism Companies in the Period of 2009-2020 by Data Envelope Analysis

Yazarlar:

Meziyet Sema Erdem | Tülay Yel

Yayıncı:

Alanya Alaaddin Keykubat Üniversitesi

Ana Başlıklar:

Finans

Dergi:

Alanya Akademik Bakış Vol.7 Issue 1, pp.291-310

Belge Tipi:

Makale

Yayın Tarihi:

1/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001283509

pISSN:

2651-4192

Anahtar kelimeler:

Özet:

 The tourism sector makes significant contributions to national and regional development. On the other hand, emerging political instabilities and any crisis have a significant impact on the development of the sector. In this study, it is aimed to determine the financial performance of companies within the scope of Istanbul Stock Exchange ISE Tourism index between 2009-2020. For this purpose, the Malmquist Total Factor Productivity index was created by using the financial ratios calculated from the financial statements of the companies. As a result of the study, it was determined that there was a significant decrease in the performances and productivity of tourism companies between 2016-2020. It has been revealed that the effects of the political crises that took place in Turkey were involved in the decrease in productivity in this period.

 The tourism sector makes significant contributions to national and regional development. On the other hand, emerging political instabilities and any crisis have a significant impact on the development of the sector. In this study, it is aimed to determine the financial performance of companies within the scope of Istanbul Stock Exchange ISE Tourism index between 2009-2020. For this purpose, the Malmquist Total Factor Productivity index was created by using the financial ratios calculated from the financial statements of the companies. As a result of the study, it was determined that there was a significant decrease in the performances and productivity of tourism companies between 2016-2020. It has been revealed that the effects of the political crises that took place in Turkey were involved in the decrease in productivity in this period.

 The tourism sector makes significant contributions to national and regional development. On the other hand, emerging political instabilities and any crisis have a significant impact on the development of the sector. In this study, it is aimed to determine the financial performance of companies within the scope of Istanbul Stock Exchange ISE Tourism index between 2009-2020. For this purpose, the Malmquist Total Factor Productivity index was created by using the financial ratios calculated from the financial statements of the companies. As a result of the study, it was determined that there was a significant decrease in the performances and productivity of tourism companies between 2016-2020. It has been revealed that the effects of the political crises that took place in Turkey were involved in the decrease in productivity in this period.

 Turizm sektörü ulusal ve bölgesel kalkınmaya önemli katkılar sağlamaktadır. Öte yandan, ortaya çıkan siyasi istikrarsızlıklar ve herhangi bir kriz durumu sektörün gelişimini önemli ölçüde etkilemektedir. Bu çalışmada Borsa İstanbul BİST Turizm endeksi kapsamındaki şirketlerin 2009-2020 yılları arasındaki finansal performanslarının tespit edilmesi amaçlanmıştır. Bu amaçla şirketlere ait finansal tablolardan hesaplanan finansal oranlar kullanılarak, Malmquist Toplam Faktör Verimliliği endeksi oluşturulmuştur. Çalışma sonucunda, 2016-2020 yılları arasında turizm işletmelerinin performanslarında ve verimliliklerinde önemli bir azalış olduğu tespit edilmiştir. Bu dönemde ortaya çıkan verimlilik azalışında, Türkiyede meydana gelen siyasi krizlerin etkilerinin bulunduğu ortaya çıkmıştır.

Makale detayları

Determining the Financial Performances of ISE Tourism Companies in the Period of 2009-2020 by Data Envelope Analysis

Yazarlar:

Meziyet Sema Erdem | Tülay Yel

Yayıncı:

Alanya Alaaddin Keykubat Üniversitesi

Ana Başlıklar:

Finans

Dergi:

Alanya Akademik Bakış Vol.7 Issue 1, pp.291-310

Belge Tipi:

Makale

Yayın Tarihi:

1/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001283509

pISSN:

2651-4192

Financial Performance

Financial Ratios

Malmquist Total Factor Productivity Index

Tourism Sector

Finansal Performans

Finansal Oranlar

Malmquist Toplam Faktör Verimlilik Endeksi

Turizm Sektörü

Sayı

Makale detayları

Yazarlar: Meziyet Sema Erdem | Tülay Yel

Yayıncı: Alanya Alaaddin Keykubat Üniversitesi

Ana Başlıklar: Finans

Dergi: Alanya Akademik Bakış Vol.7 Issue 1, pp.291-310

Belge Tipi: Makale

Yayın Tarihi: 1/2023

Belge Dili: İngilizce

Document ID (Org No.): 2001283509

pISSN: 2651-4192

Sayı

Yazarlar:

Meziyet Sema Erdem | Tülay Yel

Yayıncı:

Alanya Alaaddin Keykubat Üniversitesi

Ana Başlıklar:

Finans

Dergi:

Alanya Akademik Bakış Vol.7 Issue 1, pp.291-310

Belge Tipi:

Makale

Yayın Tarihi:

1/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001283509

pISSN:

2651-4192