CONCORDATORY AS A STRATEGIC DECISION: AN EXAMINATION ON THE FINANCIAL STATEMENTS OF AN BUSINESS THAT TAKES CONCORDATION DECISION AND IS TRADED ON THE BIST

Abstract

In this study, it is aimed to make and evaluate the financial analysis of a company that has declared a concordat and is listed on the stock exchange. For this purpose, the case study method was used in the study. The manufacturing enterprise considered in the application declared a concordat in 2018. In this study, the financial statement data for 2 years before 2018, when the concordat was announced, and for 2 years after the concordat (20216-2020) were analyzed and interpreted. The fact that the research covers the period of 2016-2020 constitutes the limitation of this study. In this study, ratio analysis, one of the financial analysis techniques, was used. As a result of the ratio analysis of the enterprise, it has been concluded that the financial performance is not in place according to the sector and economic structure. As a result of the study, it was determined that the profitability, productivity, and equity conditions of the relevant enterprise were not sufficient; As a result of these inadequacies, it has been revealed that the enterprise went to the concordat announcement. When the years after the concordat are examined, it is seen that the concordat decision taken by the company in 2018 was appropriate.