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    Bankruptcy analysis for 17 companies in Turkish stock market for the years 2018 and 2019
    (İstanbul Bilgi Üniversitesi, 2019) Tezcan, Duygu; Beyazıt, Mehmet Fuat
    In this study, it is aimed to explain the concept of credit risk in the framework of Basel II and to investigate credit risk of the banks and the real sector in Turkey. To do that, celebrated Merton model is employed for the period 2017-2018 and 17 companies listed in BIST are considered. The findings shed lights on the deteoriorated financial outlook of the Turkish companies. In particular, Turkish banks has very high default probability compared to other big companies listed in BIST. It is thought that this finding provides preliminary warning for the emergent precautionary measures needed to be taken by the policy makers.