Karlılığı etkileyen içsel faktörler: Küresel havacılık endüstrisinden kanıtlar

Abstract

It is intended to reveal the internal profitability determiners of the leading global aviation companies, through this study. The data set consists the financial ratios of 12 aviation companies between 2009 and 2016. Logistic regression method was employed to analyse the data. While “operating margin, net margin, return on asset and return on equity” were used as dependent variables, independent variables were selected as current ratio, inventory turnover, receivables turnover, payables period, asset turnover and debt ratio. The results suggest that, while the other variables are constant, it can be argued that the increases in the average current ratio, inventory turnover, and debt ratio increase the likelihood that independent variables take negative values, while other independent variables have the opposite effect on dependent variables.

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