Analyzing the Effects of Financial Crises Experienced In Turkey on the Fiscal Performance of Companies Traded In Borsa Istanbul
Jale Yalınpala Çokgezen, Serhat Kuşkonmaz

Abstract
Liberalization in the financial markets and the accelerated capital movement after the 1980s are significant factors which caused Turkey to become sensitive to external shocks. Turkey has confronted four different crises since 1990 and both financial and real sectors of the economy have been affected to a considerable degree. The requirement of a proper crisis and risk management has become unavoidable in order to sustain operations efficiently for the companies operating in countries such as Turkey, which face crises within every decennium. The companies which can manage this process successfully, especially during times of crisis, will not only be able to increase the efficiency with the recovery in the economy but will also decrease the duration of the crisis by minimizing its negative effects. In this article, the effects of financial crises on the fiscal performance (efficiency) of companies traded on Borsa Istanbul were determined using Data Envelopment Analysis and some solutions were offered to the companies with the aim of helping them to improve their efficiency.

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