It is the cache of ${baseHref}. It is a snapshot of the page. The current page could have changed in the meantime.
Tip: To quickly find your search term on this page, press Ctrl+F or ⌘-F (Mac) and use the find bar.

Do Turkish Companies and German Companies in Germany Differ in Terms of Financial Performance? | Aydin | International Journal of Business and Management

Do Turkish Companies and German Companies in Germany Differ in Terms of Financial Performance?

Nurhan Aydin, Metin Coskun, Arda Surmeli, Gulsah Kulali

Abstract


Turkish immigrants have always been an important dynamic for the social and business life in Germany since
October 1961, “Agreement for Sending the Turkish Workers to Germany”. They have then started to become
important players as entrepreneurs in the economy after 1990s. This study aims to analyze performance of
Turkish and German companies in production and service industries operating in Germany by using financial
analysis methodology, and it aims to compare the results. Using 2007 financial data, the empirical results show
that Turkish firms in both industries take more liquidity risk than their German counterparts while they are using
less leverage in order to finance their investments. Moreover, Turkish companies have less profitability than
German companies with the effect of high cost of debt. Especially in service industry, Turkish firms have low
level of return for a unit of risk and low level of output for a unit of input.


Full Text: PDF DOI: 10.5539/ijbm.v7n5p40

Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.

International Journal of Business and Management   ISSN 1833-3850 (Print)   ISSN 1833-8119 (Online)

Copyright © Canadian Center of Science and Education

To make sure that you can receive messages from us, please add the 'ccsenet.org' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders.