Does the Industry Matter? Airline Bankruptcy Prediction

Dzyuma-Zaremba, Ulyana

doi:10.1007/978-3-030-55277-0_17

Cited by 3 publications

(2 citation statements)

References 15 publications

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“…AHP is used as a weight measurement and the TOPSIS method was employed to rank the countries. Zaremba (2019) addressed the necessity to understand the distinctive nature of the business in building bankruptcy projection models. The author determined several ratios and analyzed them, and the AirRank methodology was developed utilizing the TOPSIS method.…”

Section: Background and Related Workmentioning

confidence: 99%

“…Multi-criteria decision-making methods (MCDM) are one of the most widely used industry trend predictors among academics and investors. MCDM is a technique that combines the output of alternatives with a variety of conflicting, qualitative, or quantitative parameters, resulting in a consensus-based solution ( Zaremba, 2019 ). Knowledge from a variety of disciplines is included (e.g.…”

Section: Introductionmentioning

confidence: 99%

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Financial performance evaluation by multi-criteria decision-making techniques

Türegün

2022

Heliyon

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Section: Background and Related Workmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Financial performance evaluation by multi-criteria decision-making techniques

Türegün

2022

Heliyon

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Assessment of the Impact of Airlines External Environmental Factors on the Probability of Bankruptcy Risks in the Context of the COVID-19

Senkus

Kamarauskienė²,

Šedytė³

2022

BATP

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The paper analyses which external environmental factors had the greatest impact on the probability of airline bankruptcy risk in the pre-pandemic and pandemic periods. In view of the strengths and weaknesses of the models selected and presented, the Altman Z 'score model was chosen for the study. It has been modified by recalculating the coefficients for the model's weighted indicators. The investigation included environmental macroeconomic statistics and financial data of 49 airlines in the airline sector over the span of ten years (2011-2021). The correlation method has identified the severity of external factors in connection with bankruptcy risks during the pre-pandemic and pandemic timeframe and has established a correlation between fluctuations in the risk of bankruptcy of the airline sector and environmental factors. Based on the results obtained, conclusions were drawn on the link between external environmental factors and changes in the sector’s bankruptcy risk score in the context of the COVID-19 pandemic. The results of the comparative analysis method showed that the influence of environmental factors analysed in Europe, North America, South America, and Oceania differs due to the predominance of business culture in the region. Overall, however, legal factors had the biggest negative impact on the sector before the COVID-19 pandemic (2011-2018), while other factors (passengers, competitors, labour force, and creditors) were weakly correlated with the likelihood of bankruptcy risk. During the COVID-19 pandemic, the most positive relationship between creditors intensified.

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Financial performance analysis of the companies listed in the growing stock fund ındex

KILIÇARSLAN

2023

Trakya Üniversitesi İktisadi Ve İdari Bilimler Fakültesi E-Dergi

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Bu çalışmanın amacı, Türk Sermaye Piyasası’nın etkin portföy yönetim şirketlerinden AK Portföy tarafından seçilerek oluşturulan ve "Ak Portföy Büyüyen Şirketler Hisse Senedi (TL) Fonu" endeksi kapsamında yer alan 30 şirketin finansal performansının CRITIC ve Normalize Edilmiş Maksimum Değerler tabanlı Codas yöntemiyle incelenmesidir. Çalışma kapsamında, ilgili yöntemlerin performans sıralama sonuçları arasındaki ilişkiler, Spearman sıra korelasyonu ile analiz edilmiştir. CRITIC ve NMD yöntemlerinden elde edilen sonuçlara göre, kritik öneme sahip kriterler ile düşük öneme haiz kriterlerin önem seviyeleri her yıl için farklılaşmaktadır. Çalışmada, en iyi performans sıralamasına sahip şirketlerin 2020 yılı için CEMTS ve OZKGY olduğu, 2021 yılı açısından şirketlerin sıralamalarının farklılaştığı, 2022 yılı için ise OZKGY, MIATK ve ALFAS olduğu, en düşük performans sıralamasına sahip şirketlerin 2020 yılında AYEN ve YYGLD olduğu, 2021 yılında BIGCH ve PARSN olduğu, 2022 yılında ise GOKNR ve RUBNS olduğu belirlenmiştir.

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Does the Industry Matter? Airline Bankruptcy Prediction

Cited by 3 publications

References 15 publications

Financial performance evaluation by multi-criteria decision-making techniques

Financial performance evaluation by multi-criteria decision-making techniques

Assessment of the Impact of Airlines External Environmental Factors on the Probability of Bankruptcy Risks in the Context of the COVID-19

Financial performance analysis of the companies listed in the growing stock fund ındex

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