The Effect of Kahramanmaras Earthquakes on Financial Performance: An Application in Companies Located in the Earthquake Area

Abstract

The aim of this study is to examine the impact of the earthquakes that occurred on February 6, 2023, in Kahramanmaras on the financial performance of companies located in the earthquake area and whose stocks are traded on the BIST using Lopcow-based Cobra method. Within the scope of the study Firstly, the financial data of these companies were weighted using the Lopcow method. Subsequently, the Cobra method was employed to rank the financial performance of the relevant companies. According to the ranking results of the Cobra method, it was observed that ARSAN had the best relative financial performance in the 2022Q1 period, SANKO in the periods 2022Q2-2022Q4, and ISDMR in the periods 2023Q1-2023Q3.

Keywords

• Kahramanmaraş Earthquakes
• Financial Performanc
• LOPCOW Method
• COBRA Method

Kahramanmaraş Depremlerinin Finansal Performansa Etkisi: Deprem Bölgesinde Bulunan İşletmelerde Bir Uygulama

Abstract

Bu çalışmanın amacı, 6 Şubat 2023 tarihinde Kahramanmaraş’ta meydana gelen depremlerin deprem bölgesinde yer alan ve hisseleri BIST’te işlem gören işletmelerin finansal performansı üzerindeki etkisinin Lopcow temelli Cobra yöntemiyle incelenmesidir. Çalışma kapsamında ilk olarak söz konusu işletmelere ait finansal veriler Lopcow yöntemi ile ağırlıklandırılmıştır. Daha sonra Cobra yöntemi kullanılarak ilgili işletmelerin finansal performans sıralaması gerçekleştirilmiştir. Cobra yönteminin sıralama sonuçlarına göre, ARSAN işletmesinin 2022Q1 döneminde, SANKO işletmesinin 2022Q2-2022Q4 döneminde ve ISDMR işletmesinin 2023Q1-2023Q3 döneminde göreceli olarak en iyi finansal performansa sahip olduğu görülmüştür.

Keywords

• Kahramanmaraş Depremleri
• Finansal Performans
• LOBCOW Yöntemi
• COBRA Yöntemi

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