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Global Ekonomik Krizin Insaat Sektörüne Etkisi

Journal of Accounting & Finance / Muhasebe ve Finansman Dergisi, 2011-07 (51)

Copyright Turkish Association of Accounting and Finance Academicians - AAFA Jul 2011 ;ISSN: 1304-0391 ;EISSN: 2146-3042

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  • Title:
    Global Ekonomik Krizin Insaat Sektörüne Etkisi
  • Author: Günay, Süleyman Gökhan ; Kesimli, Iffet Görkey
  • Subjects: Construction industry ; Economic crisis ; Emerging markets ; Financial leverage
  • Is Part Of: Journal of Accounting & Finance / Muhasebe ve Finansman Dergisi, 2011-07 (51)
  • Description: There were short-term capital outflows in the third quarter of 2008 in emerging markets, due to the global economic crisis (GEC). As a result of these capital outflows, Turkish Lira has depreciated against other currencies, economy diminished, and unemployment increased. GEC led to increase in the currency, liquidity and credit risks in emerging markets like Turkey. These risks also influenced the construction sector. The impact of GEC on the construction sector is examined in this study. The result is that, construction sector uses high amount of financial leverage and started taking more financial risks following GEC. The purpose of our study is to display these financial risks and make a contribution in advising required measures to be taken in the construction sector.
  • Publisher: Istanbul: Turkish Association of Accounting and Finance Academicians - AAFA
  • Language: English;Turkish
  • Identifier: ISSN: 1304-0391
    EISSN: 2146-3042
  • Source: ProQuest Central

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