Abstract:

The purpose of this study is to determine effects of the 2008 global financial crisis, which occur in the USA and show effects in all countries, on working capital of production companies operating in the ISE industrial index through financial ratios. As a research method, statistical tests that allow the comparison of pre-crisis and post- crisis of financial ratios related working capital were used. As a result of the research, production companies in ISE, in the comparison of pre-and post-crisis of three year periods, detected that liquidity ratios indicating the adequacy of working capital remain unchanged, whereas the working capital that used to measure efficiency and reduced operating rates decrease and as a result of this, gross profit rates decrease. In the comparison between 2007 and 2008, determined that liquidity and operating rates declined in 2008 compared to 2007 and gross profit rates decrease. Also, the number of companies that have negative working capital has increased in both comparisons..

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