Evaluating the Financial Performances of the Publicly Held Healthcare Companies in Crisis Periods in Türkiye

Abstract

The purpose of this study was to evaluate the financial performances of the publicly held healthcare companies in crisis periods in Türkiye by statistical analyses. For this purpose, we conducted Wilcoxon signed-rank tests. We used financial data of the publicly held healthcare companies in Türkiye and we did separate analyses for each crisis period in Türkiye in the last 10 years. The results of the analyses showed that there were no statistically significant differences between the publicly held healthcare companies’ financial performances before the crises and after the crises. This suggests that the Turkish publicly held healthcare companies’ financial performances during the crisis periods in the last 10 years were strong. Nevertheless, policy makers and company managers should remain guarded as the results does not guarantee success in possible future crisis periods that may emerge at any time and bring new challenges.