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Finansal Sürdürülebilirliğin Değerlendirilmesine Yönelik Bir Model Önerisi

Author

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  • İbrahim Can

    (Marmara Üniversitesi, İşletme Fakültesi, Yönetim ve Organizasyon, İstanbul, Türkiye)

  • Refika Bakoğlu

    (Marmara Üniversitesi, İşletme Fakültesi, Yönetim ve Organizasyon, İstanbul, Türkiye)

Abstract

Bu araştırmanın temel amacı işletmelerin finansal sürdürülebilirliğini değerlendirebilmeleri için bir çerçeve sunabilmek ve model önerisi geliştirmektir. Şirketlerin finansal sürdürülebilirlik açısından durumlarını değerlendirmelerine olanak sağlaması için önerilen finansal güvence alanının belirlenmesi ile finansal sürdürülebilirlik değerlendirme modeli geliştirilmiştir. Bu çerçevede yapılan inceleme ve araştırmada, 2008-2017 yılları arasında Borsa İstanbul’un piyasa değerinin % 41,9’unu temsil eden beş büyük şirketin finansal verileri; kârlılık, nakit yaratımı ve şirket değeri göstergeler olarak kabul edilmiştir. Şirketler finansal sürdürülebilirlik için ölçme, derecelendirme ve değerleme işlemlerine tabi tutulmuştur. Araştırma bulgularında finansal performansı temsil eden üst limitlerin tamamının nakit yaratımı göstergesiyle finansal sürdürülebilirlik güvence alanının oluşmasında etkili olduğu görülmüştür. Sonuç olarak, araştırmada ortaya çıkarılan finansal güvence alanına göre; Koç Holding A.Ş. (KCHOL) 79,45 puan ile ileri düzey, H. Ö. Sabancı Holding A.Ş. (SAHOL) 67,75 puan, Türk Hava Yolları A.O. (THYAO) 61,47 puan ile güçlü düzey, Türkiye İş Bankası A.Ş. (ISCTR) 40,57 puan ve Turkcell İletişim Hiz. A.Ş. (TCELL) 34,20 puan ile sınırlı düzeyde finansal sürdürülebilirlik güvencesi sunduğu derecelendirilmiş ve değerlendirilmiştir.

Suggested Citation

  • İbrahim Can & Refika Bakoğlu, 2021. "Finansal Sürdürülebilirliğin Değerlendirilmesine Yönelik Bir Model Önerisi," Istanbul Management Journal, Istanbul University Business School, vol. 0(91), pages 87-107, December.
    • Handle: RePEc:ist:ibsimj:v:0:y:2021:i:91:p:87-107
    DOI: 10.26650/imj.2021.91.004
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    References listed on IDEAS

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    1. Beaver, Wh, 1968. "Market Prices, Financial Ratios, And Prediction Of Failure," Journal of Accounting Research, Wiley Blackwell, vol. 6(2), pages 179-192.
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