The COVID-19 Pandemic’s Impact on the Performance of Firms on the BIST 100 Index

Altın, Meltem; Atalay, Mustafa

doi:https://dx.doi.org/10.26650/ibr.2024.53.1138732

Research Article

DOI :10.26650/ibr.2024.53.1138732 IUP :10.26650/ibr.2024.53.1138732 Full Text (PDF)

The COVID-19 Pandemic’s Impact on the Performance of Firms on the BIST 100 Index

The coronavirus (COVID-19) pandemic that affected the world has caused a decline in most companies’ financial performance. This study aims to analyze the effects of the COVID-19 pandemic on the financial performance of companies traded in Türkiye’s Borsa Istanbul 100 (BIST 100) index for 2019-2021. Pooled ordinary least squares (OLS) regression was applied as the basic method to determine the effects of the COVID-19 pandemic on the financial performance of companies listed on the BIST 100 index. The study’s findings show the COVID-19 pandemic to have had effects on the profitability of companies listed on the BIST 100 index. The results reveal net working capital, size (total assets), and financial autonomy ratios to be the ratios that affect return on assets (ROA), with the return on equity ratio (ROE) being affected only by size. These results show the BIST 100 index to have adapted to a certain extent to the uncertainties caused by the pandemic, so the shock has not been devastating. This study provides valuable insights that can assist investors, managers, creditors, and other stakeholders in making informed decisions that lead to positive outcomes.

Keywords: COVID-19, firm performance, BIST 100, Türkiye

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APA

Altın, M., & Atalay, M.Ö. (2024). The COVID-19 Pandemic’s Impact on the Performance of Firms on the BIST 100 Index. Istanbul Business Research, 53(1), 119-136. https://doi.org/10.26650/ibr.2024.53.1138732

AMA

Altın M, Atalay M Ö. The COVID-19 Pandemic’s Impact on the Performance of Firms on the BIST 100 Index. Istanbul Business Research. 2024;53(1):119-136. https://doi.org/10.26650/ibr.2024.53.1138732

ABNT

Altın, M.; Atalay, M.Ö. The COVID-19 Pandemic’s Impact on the Performance of Firms on the BIST 100 Index. Istanbul Business Research, [Publisher Location], v. 53, n. 1, p. 119-136, 2024.

Chicago: Author-Date Style

Altın, Meltem, and Mustafa Özgün Atalay. 2024. “The COVID-19 Pandemic’s Impact on the Performance of Firms on the BIST 100 Index.” Istanbul Business Research 53, no. 1: 119-136. https://doi.org/10.26650/ibr.2024.53.1138732

Chicago: Humanities Style

Altın, Meltem, and Mustafa Özgün Atalay. “The COVID-19 Pandemic’s Impact on the Performance of Firms on the BIST 100 Index.” Istanbul Business Research 53, no. 1 (Mar. 2025): 119-136. https://doi.org/10.26650/ibr.2024.53.1138732

Harvard: Australian Style

Altın, M & Atalay, MÖ 2024, 'The COVID-19 Pandemic’s Impact on the Performance of Firms on the BIST 100 Index', Istanbul Business Research, vol. 53, no. 1, pp. 119-136, viewed 10 Mar. 2025, https://doi.org/10.26650/ibr.2024.53.1138732

Harvard: Author-Date Style

Altın, M. and Atalay, M.Ö. (2024) ‘The COVID-19 Pandemic’s Impact on the Performance of Firms on the BIST 100 Index’, Istanbul Business Research, 53(1), pp. 119-136. https://doi.org/10.26650/ibr.2024.53.1138732 (10 Mar. 2025).

MLA

Altın, Meltem, and Mustafa Özgün Atalay. “The COVID-19 Pandemic’s Impact on the Performance of Firms on the BIST 100 Index.” Istanbul Business Research, vol. 53, no. 1, 2024, pp. 119-136. [Database Container], https://doi.org/10.26650/ibr.2024.53.1138732

Vancouver

Altın M, Atalay MÖ. The COVID-19 Pandemic’s Impact on the Performance of Firms on the BIST 100 Index. Istanbul Business Research [Internet]. 10 Mar. 2025 [cited 10 Mar. 2025];53(1):119-136. Available from: https://doi.org/10.26650/ibr.2024.53.1138732 doi: 10.26650/ibr.2024.53.1138732

ISNAD

Altın, Meltem - Atalay, MustafaÖzgün. “The COVID-19 Pandemic’s Impact on the Performance of Firms on the BIST 100 Index”. Istanbul Business Research 53/1 (Mar. 2025): 119-136. https://doi.org/10.26650/ibr.2024.53.1138732

Volume 53, Issue 12024, P. 119-136

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Submitted	02.02.2022
Accepted	09.04.2024
Published Online	30.04.2024

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The COVID-19 Pandemic’s Impact on the Performance of Firms on the BIST 100 Index

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