CONFIRMATORY FACTOR ANALYSIS INVESTIGATION OF FINANCIAL RATES IN MANUFACTURING INDUSTRY
İMALAT SANAYİ FİNANSAL ORANLARININ DOĞRULAYICI FAKTÖR ANALİZİ İLE İNCELENMESİ

Author : Tuğba GÖKDEMİR -- Hayrettin Kemal SEZEN
Number of pages : 546-559

Abstract

Financial ratios are important data that enable companies to assess their financial position and determine their own strategies, is important in the interpretation of these data. The purpose of the study is to determine the relationships between the financial ratios of the firms and to determine the factor groups of the financial ratios and to determine whether the ratios calculated under the liquidity, financial structure, activity and profitability rate groups, which are widely used in the literature, are actually collected under these groups. In the study, 30 financial ratios confirmatory factor analysis obtained from the data of 142 firms reached to the balance sheet and income tables of the manufacturing industry firms which are traded on the ISE in 2013 were applied. Factor analysis showed that the ratio of the financial structure is distributed in the financial structure, liquidity and profitability ratio group and the profitability ratios are in the all ratio groups in liquidity and result ratio groups within the result ratio groups. In addition, the manufacturing industry has achieved the result that can be explained by 4 factors as "Financial Structure Factor", "Activity Factor", "Liquid Factor" and "Equity and Profitability Factor".

Keywords

Financial Ratios, Manufacturıng Industry, Confirmatory Factor Analysis

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