COVID-19, FINANCIAL RISK AND THE AIRLINE INDUSTRY
نویسندگان
چکیده
The aim of this study is to investigate which financial variables increases or decreases the risk bankruptcy airlines during periods crisis when there a possibility distress. In study, that affect distress in and were analyzed. framework data from 35 examined. We employed Altman (1968) Z-score, Springate (1978) S-score Zmijewski (1984) J-score prediction models. findings indicate times crisis, probability (such as with Covid-19), leverage level, asset structure, firm size, profitability liquidity ratio have significant effect on an airline’s score.
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ژورنال
عنوان ژورنال: Mehmet Akif Ersoy Üniversitesi ?ktisadi ve ?dari Bilimler Fakültesi dergisi
سال: 2021
ISSN: ['2149-1658']
DOI: https://doi.org/10.30798/makuiibf.911548