BIST’TE ANA METAL SANAYİ ENDEKSİNDE FAALİYET GÖSTEREN İŞLETMELERİN FİNANSAL PERFORMANS ÖLÇÜMÜ: 2011-2015 DÖNEMİ

Bir işletmenin varlığını devam ettirebilmesi ve büyümesi rakipleriyle mücadele edebilme yeteneğine, yani rekabet gücüne bağlıdır. İşletmenin rekabet gücünün sağlıklı biçimde tespit edilebilmesi de söz konusu işletmenin finansal performansının ölçülmesi ve analiz edilmesi ile gerçekleşmektedir. Bu araştırmanın amacı, BIST Ana Metal Endeksinde (XMANA) yer alan işletmelerin finansal performanslarının değerlendirilmesidir. Çalışmanın uygulamasında BIST Ana Metal Endeksinde yer alan firmaların likidite oranları, faaliyet oranları, finansal yapı, kârlılık ve borsa-performans oranlarından sık kullanılan oranlar belirlenerek TOPSİS Analizi ile karşılaştırma yapılmıştır. Uygulanan analiz sonucunda sektörde faaliyet gösteren firmaların finansal performanslarının farklılık gösterdiği ve işletmelerin 2011-2015 dönemleri arasında performanslarında değişkenlik olduğu görülmüştür. Anahtar Kelimeler: Finansal Performans, Rasyolar, TOPSİS Analizi

A Micro Based Study on Bank Credit and Economic Growth: Manufacturing Sub-Sectors Analysis

This study examines the relationship between bank credits and performance and growth of manufacturing sub-sectors. Industrial Production Index was used for a different approach as a dependent variable. Indications of the autoregressive distributed lag (ARDL) bound co-integration test support the theory that bank credits are more effective than loan rates on industrial production of sub-sectors. Moreover, the increase in bank credit leads to the rise of industrial production in all the sub-sectors, except Machinery. According to the Toda Yomamato causality test results, there are different degrees of causalities in means of the importance of bank loans for industrial production. On the other hand, in all sub-sectors except machinery and chemical sub-sectors, causality relations were observed at different grades beginning from loan interest rates to industrial production. As a result, this study concludes with the evidence of supply leading hypothesis via the financial sector leads and causes economic growth

How Does Transparency Affect Bank Risk and Performance? Evidence from Turkey

Purpose: The main objective of this study is to investigate the effect of transparency on the performance of banks, which are among the most important units of the financial sector. Methodology: The Generalized Method of Moments (GMM) analysis was applied using the annual data from 22 deposit banks operating in Turkey. Four models related to profitability, credit risk, deposits, and stock returns were established by calculating a transparency score derived on the basis of 106 criteria for each year and for each bank. Findings: According to the GMM results, it was observed that transparency, credit risk, and profitability were negatively correlated, while stock returns had a positive relationship. Research limitations: There are not enough public-traded banks, especially in the stock returns section. Although this research has the largest sample size among the studies conducted to date, all banks in Turkey could not be included in its scope. Value: The analysis reveals the importance of reporting and sharing information from banks. Banks should set a transparency criterion, and a transparency score should be established using the researched criterion