A Conceptual Model for the Evaluation of Financial Sustainability
The primary aim of this research is to propose a framework and model for the evaluation of financial sustainability. To allow companies’ evaluation of financial sustainability, the proposed model identified financial assurance considerations. This scope includes profitability, cash generation, and e...
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| Format: | Article |
| Language: | English |
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Istanbul University Press
2021-12-01
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| Series: | Istanbul Management Journal |
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| Online Access: | https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/B16A48FDBE374BF5A150DF91D50CAD06 |
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| _version_ | 1850036340204240896 |
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| author | İbrahim Can Refika Bakoğlu |
| author_facet | İbrahim Can Refika Bakoğlu |
| author_sort | İbrahim Can |
| collection | DOAJ |
| description | The primary aim of this research is to propose a framework and model for the evaluation of financial sustainability. To allow companies’ evaluation of financial sustainability, the proposed model identified financial assurance considerations. This scope includes profitability, cash generation, and enterprise value indicators used to measure financial data in the years 2008–2017 for five major companies represented in the Sustainability Index with a combined 41.9% share in the Istanbul Stock Exchange’s market value. The findings indicate that the upper limits representing financial performance effectively reflected financial sustainability assurance as an indicator of cash generation, revealing KCHOL, at 79.45 points,ranking advanced; SAHOL, at 67.75 points, and THYAO, at 61.47 points, ranking strong; whereas ISCTR, at 40.57 points, and TCELL at 34.20 points, both ranked as limited for financial sustainability assurance and evaluation. |
| format | Article |
| id | doaj-art-e80f99d8ecb1464593ae3c587c6092e2 |
| institution | DOAJ |
| issn | 2619-9254 |
| language | English |
| publishDate | 2021-12-01 |
| publisher | Istanbul University Press |
| record_format | Article |
| series | Istanbul Management Journal |
| spelling | doaj-art-e80f99d8ecb1464593ae3c587c6092e22025-08-20T02:57:12ZengIstanbul University PressIstanbul Management Journal2619-92542021-12-01918710710.26650/imj.2021.91.004123456A Conceptual Model for the Evaluation of Financial Sustainabilityİbrahim Can0https://orcid.org/0000-0003-1816-4356Refika Bakoğlu1https://orcid.org/0000-0002-6652-6748Marmara Üniversitesi, İstanbul, TürkiyeMarmara Üniversitesi, İstanbul, TürkiyeThe primary aim of this research is to propose a framework and model for the evaluation of financial sustainability. To allow companies’ evaluation of financial sustainability, the proposed model identified financial assurance considerations. This scope includes profitability, cash generation, and enterprise value indicators used to measure financial data in the years 2008–2017 for five major companies represented in the Sustainability Index with a combined 41.9% share in the Istanbul Stock Exchange’s market value. The findings indicate that the upper limits representing financial performance effectively reflected financial sustainability assurance as an indicator of cash generation, revealing KCHOL, at 79.45 points,ranking advanced; SAHOL, at 67.75 points, and THYAO, at 61.47 points, ranking strong; whereas ISCTR, at 40.57 points, and TCELL at 34.20 points, both ranked as limited for financial sustainability assurance and evaluation.https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/B16A48FDBE374BF5A150DF91D50CAD06corporate governancefinancial sustainabilitycorporate finance and governancefinancefinancial models and applications |
| spellingShingle | İbrahim Can Refika Bakoğlu A Conceptual Model for the Evaluation of Financial Sustainability Istanbul Management Journal corporate governance financial sustainability corporate finance and governance finance financial models and applications |
| title | A Conceptual Model for the Evaluation of Financial Sustainability |
| title_full | A Conceptual Model for the Evaluation of Financial Sustainability |
| title_fullStr | A Conceptual Model for the Evaluation of Financial Sustainability |
| title_full_unstemmed | A Conceptual Model for the Evaluation of Financial Sustainability |
| title_short | A Conceptual Model for the Evaluation of Financial Sustainability |
| title_sort | conceptual model for the evaluation of financial sustainability |
| topic | corporate governance financial sustainability corporate finance and governance finance financial models and applications |
| url | https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/B16A48FDBE374BF5A150DF91D50CAD06 |
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