{"id":2360,"date":"2013-07-22T22:46:31","date_gmt":"2013-07-22T19:46:31","guid":{"rendered":"http:\/\/www.berjournal.com\/?p=2360"},"modified":"2013-07-23T12:54:52","modified_gmt":"2013-07-23T09:54:52","slug":"analysis-with-financial-ratios-of-effects-of-1994-2001-economic-crisis-experienced-in-turkish-economy-and-2008-global-economic-crisis-on-manufacturing-industry-sector","status":"publish","type":"post","link":"https:\/\/www.berjournal.com\/tr\/analysis-with-financial-ratios-of-effects-of-1994-2001-economic-crisis-experienced-in-turkish-economy-and-2008-global-economic-crisis-on-manufacturing-industry-sector","title":{"rendered":"Analysis With Financial Ratios of Effects of 1994 &#8211; 2001 Economic Crisis Experienced in Turkish Economy and 2008 Global Economic Crisis on Manufacturing Industry Sector"},"content":{"rendered":"<table width=\"534\" cellspacing=\"0\" cellpadding=\"7\">\n<colgroup>\n<col width=\"544\" \/><\/colgroup>\n<tbody>\n<tr>\n<td valign=\"top\" bgcolor=\"#0188a6\" width=\"544\" height=\"15\"><span style=\"color: #ffffff;\"><span style=\"font-family: Arial, serif;\"><b>Article Information<\/b><\/span><\/span><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" bgcolor=\"#ffffff\" width=\"544\"><span style=\"color: #0188a6;\"><span style=\"font-family: Arial, serif;\"><b>Journal: <\/b><\/span><\/span><span style=\"font-family: Arial, serif;\">Business and Economics Research Journal<br \/>\n<\/span><span style=\"color: #0188a6;\"><span style=\"font-family: Arial, serif;\"><b>Title of Article: <\/b><\/span><\/span><span style=\"font-family: Arial, serif;\">Analysis With Financial Ratios of Effects of 1994 &#8211; 2001 Economic Crisis Experienced in Turkish Economy and 2008 Global Economic Crisis on Manufacturing Industry Sector<br \/>\n<\/span><span style=\"color: #0188a6;\"><span style=\"font-family: Arial, serif;\"><b>Author(s):<\/b><\/span><\/span><span style=\"font-family: Arial, serif;\"> Suleyman Serdar Karaca, Resid Cigdem<br \/>\n<\/span><span style=\"color: #0188a6;\"><span style=\"font-family: Arial, serif;\"><b>Volume:<\/b><\/span><\/span><span style=\"font-family: Arial, serif;\"> 4<br \/>\n<\/span><span style=\"color: #0188a6;\"><span style=\"font-family: Arial, serif;\"><b>Number:<\/b><\/span><\/span><span style=\"font-family: Arial, serif;\"> 3<br \/>\n<\/span><span style=\"color: #0188a6;\"><span style=\"font-family: Arial, serif;\"><b>Year:<\/b><\/span><\/span><span style=\"font-family: Arial, serif;\"> 2013<br \/>\n<\/span><span style=\"color: #0188a6;\"><span style=\"font-family: Arial, serif;\"><b>Page: <\/b><\/span><\/span><span style=\"font-family: Arial, serif;\">41-54<br \/>\n<\/span><span style=\"color: #0188a6;\"><span style=\"font-family: Arial, serif;\"><b>ISSN: <\/b><\/span><\/span><span style=\"font-family: Arial, serif;\">1309-2448<\/span><\/td>\n<\/tr>\n<tr>\n<td bgcolor=\"#0188a6\" width=\"544\" height=\"16\"><span style=\"color: #ffffff;\"><span style=\"font-family: Arial, serif;\"><b>Abstract <\/b><\/span><\/span><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" bgcolor=\"#ffffff\" width=\"544\">\n<p align=\"justify\"><span style=\"font-family: Arial, serif;\">The aim of this study was to evaluate the effects of economical crises occurred in Turkey in 1994 and 2001 and encountered globally in 2008 on Turkish Manufacture Industry. For this aim, effects of the crises on the manufacture industry were revealed by Factor and Discrimination Analysis using financial ratios. In this study, financial ratios, liquidity ratios, ratios related to financial structure, activity ratios, profitability ratios and exchange performance ratios were utilized. 15 financial ratios obtained from the financial statements between 1991 and 2011 of 135 firms operated in manufacture industry and included in \u0130stanbul Stok Exchange (ISE) 100 index were used. Those financial ratios were grouped in three factors (productivity, risk and profitability) by Factor Analysis. Discrimination Analysis was treated to those three factors and the efficiencies of those factors in the discrimination of pre- and post of 1994, 2001 and 2008 crises were formulized. In the results, risk and profitability were found to be efficient, but productivity was inefficient. <\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" bgcolor=\"#ffffff\" width=\"544\">\n<p align=\"justify\"><span style=\"color: #0188a6;\"><span style=\"font-family: Arial, serif;\"><b>Keywords: <\/b><\/span><\/span><span style=\"color: #111111;\"><span style=\"font-family: Arial, serif;\">Financial Crisis, Manufacturing Industry, Financial Ratios, Factor Analysis, Discrimination Analysis<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" bgcolor=\"#ffffff\" width=\"544\"><span style=\"color: #0188a6;\"><span style=\"font-family: Arial, serif;\"><b>JEL Classification<\/b><\/span><\/span><span style=\"color: #0188a6;\"><span style=\"font-family: Arial, serif;\"><b>: <\/b><\/span><\/span><span style=\"font-family: Arial, serif;\">G01,C38<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><table style=\"border: 0px solid #CCC;\" cellpadding=\"3\" width=\"100%\">\r\n  <tr>\r\n    <td width=\"35\">\r\n      <img decoding=\"async\" src=\"https:\/\/www.berjournal.com\/tr\/wp-content\/uploads\/icons\/pdf.gif\" alt=\"https:\/\/www.berjournal.com\/tr\/wp-content\/uploads\/icons\/pdf.gif\" width=20 height=18>\r\n    <\/td>\r\n    <td>\r\n      <b> \r\n<a href=\"https:\/\/www.berjournal.com\/tr\/?file_id=184\">Tam Metin\r\n<\/b> ( <span style=\"font-weight:bolder;\">\u2193<\/span> 3116)<\/a>    <\/td>\r\n  <\/tr>\r\n<\/table><\/p>\n<div class=\"pvc_clear\"><\/div>\n<p id=\"pvc_stats_2360\" class=\"pvc_stats all  \" data-element-id=\"2360\" style=\"\"><i class=\"pvc-stats-icon medium\" aria-hidden=\"true\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\" class=\"svg-inline--fa fa-chart-bar fa-w-16 fa-2x\"><path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 16-16v-16c0-8.84-7.16-16-16-16zm-387.2-48h22.4c6.4 0 12.8-6.4 12.8-12.8v-70.4c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v70.4c0 6.4 6.4 12.8 12.8 12.8z\" class=\"\"><\/path><\/svg><\/i> <img loading=\"lazy\" decoding=\"async\" width=\"16\" height=\"16\" alt=\"Loading\" src=\"https:\/\/www.berjournal.com\/wp-content\/plugins\/page-views-count\/ajax-loader-2x.gif\" border=0 \/><\/p>\n<div class=\"pvc_clear\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Article Information Journal: Business and Economics Research Journal Title of Article: Analysis With Financial Ratios of Effects of 1994 &#8211; 2001 Economic Crisis Experienced in Turkish Economy and 2008 Global Economic Crisis on Manufacturing Industry Sector Author(s): Suleyman Serdar Karaca, Resid Cigdem Volume: 4 Number: 3 Year: 2013 Page: 41-54 ISSN: 1309-2448 Abstract The aim [&hellip;]<\/p>\n<div class=\"pvc_clear\"><\/div>\n<p id=\"pvc_stats_2360\" class=\"pvc_stats all  \" data-element-id=\"2360\" style=\"\"><i class=\"pvc-stats-icon medium\" aria-hidden=\"true\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\" class=\"svg-inline--fa fa-chart-bar fa-w-16 fa-2x\"><path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 16-16v-16c0-8.84-7.16-16-16-16zm-387.2-48h22.4c6.4 0 12.8-6.4 12.8-12.8v-70.4c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v70.4c0 6.4 6.4 12.8 12.8 12.8z\" class=\"\"><\/path><\/svg><\/i> <img loading=\"lazy\" decoding=\"async\" width=\"16\" height=\"16\" alt=\"Loading\" src=\"https:\/\/www.berjournal.com\/wp-content\/plugins\/page-views-count\/ajax-loader-2x.gif\" border=0 \/><\/p>\n<div class=\"pvc_clear\"><\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,7],"tags":[],"class_list":["post-2360","post","type-post","status-publish","format-standard","hentry","category-manuscript","category-manuscript2"],"a3_pvc":{"activated":true,"total_views":79,"today_views":0},"_links":{"self":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/posts\/2360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/comments?post=2360"}],"version-history":[{"count":0,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/posts\/2360\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/media?parent=2360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/categories?post=2360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/tags?post=2360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}