2000-2001 economic crisis and the financial performance of domestic and foreign companies in Turkey Online publication date: Mon, 25-May-2009
by Nurhan Aydin, Arda Surmeli, Ozlem Sayilir
International Journal of Intercultural Information Management (IJIIM), Vol. 1, No. 4, 2009
Abstract: A number of economic crises experienced after the 1990's in Turkey, have not only affected the macroeconomic structure, but also the financial performance of companies operating in Turkey. These economic crises brought about many financial risks as sales declined, collection period of receivables inclined, the borrowing rates increased sharply and the cost of capital increased significantly. Domestic and foreign companies are expected to be different in terms the exposure of risks caused by the changing economic parameters. This article compares the financial performance of domestic and foreign companies operating in the cement and the food industries in Turkey before and after the 2000-2001 economic crises by utilising various financial ratios. In this study; domestic and foreign companies were found to be statistically different before the crises, whereas they were found to be similar after the crisis.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Intercultural Information Management (IJIIM):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook