Finansal Esnekliğin Risk Unsurlarıyla İlişkisi Üzerine Nedensellik Analizi: Borsa İstanbul İmalat Sektörü Üzerine Bir Uygulama

Yıl 2024, Cilt: 21 Sayı: 1, 90 - 99, 30.04.2024

Mehmet Serkan Çalı , Turan Öndeş

https://doi.org/10.33437/ksusbd.1363615

Cited By: 1

Öz

Finansal esneklik beklenmeyen değişimlerin karşısında firmaların yatırım fırsatlarını yakalama ve hayatını devam ettirebilmesine olanak sağlar. Finansal esneklik firmalarda karar alma süreçlerinde dikkate alınan faktörlerdendir. Firmalarda finansman kararları alınırken risk faktörü de dikkate alınan en önemli unsurlardandır. Bu çalışmada Borsa İstanbul’da işlem gören imalat sektörü firmalarından oluşan örneklem grubuyla finansman ve faaliyet riski ile finansal esneklik değeri arasında ki ilişki panel veri analizi yöntemlerinden Dumitrescu Hurlin (2012), heterojen nedensellik tahmincisi ile incelenmiştir. Firmaların finansman riskleri ve faaliyet riskleri ile finansal esneklik arasında nedensellik tespit edilmiştir.

Anahtar Kelimeler

Finansal Esneklik, Risk, Panel nedensellik

Kaynakça

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