TÜRK REEL SEKTÖR FİRMALARINDA KREDİ RİSKİNİN MİKRO VE MAKRO BELİRLEYİCİLERİ ÜZERİNE EKONOMETRİK BİR ANALİZ


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Dumanoğlu P., Vuran B.

vol.8, no.3, pp.660-668, 2023 (Peer-Reviewed Journal)

  • Publication Type: Article / Article
  • Volume: 8 Issue: 3
  • Publication Date: 2023
  • Doi Number: 10.29106/fesa.1277843
  • Journal Indexes: Sobiad Atıf Dizini
  • Page Numbers: pp.660-668
  • Istanbul University Affiliated: Yes

Abstract

https://dergipark.org.tr/tr/pub/fesa/issue/80059/1277843


The purpose of this study is to analyze the impact of firm specific and macroeconomic variables on the credit risk of Turkish real sector firms. In this context, financial statements and risk data of 17 sectors in the company accounts statistics published by the Central Bank of the Republic of Türkiye (CBRT) and macroeconomic data were used. Annual data for the period 2016- 2021 were analyzed using linear panel data methods. Analysis results indicate that receivables turnover, cash ratio, return on equity and inflation rate have a negative effect on credit risk, but short term debt/total debt ratio, exchange rate and interest rate have a positive effect.