The COVID-19 pandemic has shown its negative effects in all areas from health to economy, education to transportation, agriculture to tourism. While previous global crises were generally caused by financial-based problems, the COVID-19 pandemic, although it is a health-based crisis, makes its negative economic effects felt more severe than financial crises. Especially, developing countries develop policies to increase their export revenues to overcome economic crises in the lightest way. In this way, direct contribution is made to macroeconomic indicators such as production increase, easing exchange rate pressure, increase in employment and growth rates. In this sense, Foreign Trade Capital Companies in Türkiye have great importance both in terms of their share in total industry and total exports.
In the literature review, it has been observed that there are not many studies on these special-status companies, which are of great importance to the Turkish economy. In this study, unlike other studies, the effects of the COVID-19 pandemic on the financial performance of Foreign Trade Capital Companies were analysed in terms of return on equity. The data for the period between 2009Q1-2022Q2 were analysed by the panel data analysis method. As a result of the analysis, a significant and positive relationship was found between the COVID-19 pandemic and return on equity.