Evaluation of financial failure of healthcare companies traded in BIST with Fulmer H and Springate S Score Models

Year 2023, Volume: 25 Issue: 2, 257 - 264, 01.12.2023

İnci Merve Altan , Ünal Şimşek

https://doi.org/10.33707/akuiibfd.1311861

Abstract

According to modern finance principles, financial failure occurs when companies fail to meet their obligations regarding assets and liabilities. Determining the financial performance of health companies traded on the BIST will ensure that health expenditures that concern the entire society are transferred to appropriate areas with maximum social benefit. This study evaluates whether companies operating in the health field and whose shares are traded in BIST carry the risk of financial failure. For this purpose, financial risk situations were examined with Fulmer H and Springate S score models using the financial statement data of 8 companies in the BIST100 index over the period 2019–2022. The results show that all but one of the health companies traded on the BIST are not facing financial failure.

Keywords

Financial Failure, Bankruptcy Risk, Fulmer H Score Model, Springate S Score Model

BİST’te işlem gören sağlık şirketlerinin finansal başarısızlığının Fulmer H ve Springate S Skor Modelleri ile değerlendirilmesi

Abstract

Modern finans ilkelerine göre, finansal başarısızlık şirketlerin varlıkları ve borçlarıyla ilgili yükümlülüklerini yerine getirememesiyle başlar. BİST’te işlem gören sağlık şirketlerinin finansal performanslarının belirlenmesi toplumun tamamını ilgilendiren sağlık harcamalarının, maksimum sosyal fayda gözetilerek, uygun alanlara aktarılmasını sağlayacaktır. Bu çalışma, sağlık alanında faaliyet gösteren ve BİST’te hisseleri işlem gören şirketlerin finansal başarısızlık riski taşıyıp taşımadıklarını değerlendirmektedir. Bu amaca yönelik olarak, BİST100 endeksinde yer alan 8 şirketin 2019-2022 dönemindeki finansal tablo verileri kullanılarak Fulmer H ve Springate S skor modelleri ile finansal risk durumları incelenmiştir. Çalışmanın sonuçları, BİST'te işlem gören sağlık şirketlerinden biri hariç diğerlerinin finansal başarısızlık ile karşı karşıya olmadıklarını göstermektedir.

Keywords

Finansal Başarısızlık, İflas Riski, Fulmer H Skor Modeli, Springate S Skor Modeli

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