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Detection of factors leading to business failure for petroleum filling Stations in Turkey

Author

Listed:
  • Mehmet Baha KARAN

    (Hacettepe Üniversitesi)

  • Özgür ARSLAN

    (Hacettepe Üniversitesi)

  • Murat ALATLI

    (Hacettepe Üniversitesi)

Abstract

The aim of this paper is to demonstrate the firm specific factors that lead to business failure concerning the gasoline distribution sector. Therefore we conduct our analyses on 1,016 gasoline filling stations for the year 2005. In the following year, we also obtain the data of closed down stations due to business failure. We conduct our analyses through binary logistic estimations and justify our model through Hosmer-Lemeshow test. Firstly, our results show that the probability of gasoline filling stations to business failure is positively associated with being located in the southeastern part of Turkey, not having a large supermarket operating within the station, having protested bills and bad debts. Furthermore likelihood of bankruptcy for the stations is adversely related with, serving vehicles working on LPG, being an acquired station, having canopy, having higher percentage of cash purchases and being located in the northwestern region of Turkey.

Suggested Citation

  • Mehmet Baha KARAN & Özgür ARSLAN & Murat ALATLI, 2009. "Detection of factors leading to business failure for petroleum filling Stations in Turkey," Iktisat Isletme ve Finans, Bilgesel Yayincilik, vol. 24(282), pages 9-26.
    • Handle: RePEc:iif:iifjrn:v:24:y:2009:i:282:p:9-26
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    Citations

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    Cited by:

    1. Somoza, Antonio, 2021. "The influence of the vulnerability of sectors on their survival and probability of insolvency: the case of small and medium entities in Spain || La influencia de la vulnerabilidad de los sectores en s," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 32(1), pages 148-174, December.
    2. Yilmaz Yildiz & Ozgur Arslan-Ayaydin & Mehmet Baha Karan, 2016. "Payment Persistence of Participants in Turkish Private Pension Scheme and Gender Differences," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 8(10), pages 159-166, October.

    More about this item

    Keywords

    Business Failure Risk; Petroleum Products Industry; Gasoline Distribution Sector;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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