Measuring Business Failure by Using Ratio Analysis and Discriminant Analysis: A Research on Textile, Clothes and Leather Firms Listed In The Istanbul Stock Exchange
Journal Title: Muhasebe ve Finansman Dergisi - Year 2015, Vol 17, Issue 66
Abstract
Business failure has been one of the most important risks for companies, investors and creditors for long years. Local and international markets have been developing and changing with the effect of globalization, technological development and economic conditions during recent years. This change and development make forecasting of business failure foregrounding especially for companies. The purpose of this paper to find out financial ratios that might be useful to measure business failure of companies which operate in textile, clothes and leather sector. 23 financial ratios were used for multivariate analysis and as a result; 7 of these ratios are found they differentiate between groups. By employing these 7 ratios to discriminant analysis, we found out our model has 92% accuracy.
Authors and Affiliations
Seval SELİMOĞLU, Abdullah ORHAN
Keywords
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