Financial and economic factors affecting debt ratio and ROE; ISE tourism firms case
Küçük Resim Yok
Tarih
2011
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
The purpose of this study is to analyze the effects of macroeconomic conditions and financial ratios on debt ratio and return on equity ratio of the tourism firms. We selected six lodging company financial ratios that included tourism sector index on Istanbul Stock Exchange (ISE) between the years 2002-2010. Findings suggested that debt ratio of the tourism firms has a function on GNP, interest rate, account receivables ratio, debt coefficient and cash ratio of the firms. Debt coefficient, GNP, interest rate positively affected and account receivables and cash ratios negatively affected on debt structure. Findings of this analyse helps tourism sector managers forecast on different economic and financial structure conditions in order to optimize their debt and return on equity ratios. © EuroJournals Publishing, Inc. 2011.
Açıklama
Anahtar Kelimeler
Debt Ratio; Financial Structure; Return On Equity Ratio; Tourism Economics
Kaynak
European Journal of Scientific Research
WoS Q Değeri
Scopus Q Değeri
N/A
Cilt
61
Sayı
3
