Efficiency and Risk Analysis of the Turkish Textile and Clothing Industry Using Data Envelopment Analysis

摘要: ABSTRACT In this study, the efficiency and risk analysis of Turkish Textile Clothing Industry (TTCI) has been performed for a period 12 years. Efficiency measured with Data Envelopment Analysis using two different data sets. The research findings indicate that TTCI not attained full under examination, though improvements in recent have observed. According to publicly-held companies, their was higher than industrial average some general result both study groups is level sector decreased following economic crisis. addition we conducted analysis, since an efficient company may assumed very high risk. most important measurement companies financial leverage level. results showed rate short term borrowing increased at fourfold, compared companies. Other also suggest overall taking Consequently, it can be claimed management problems. INTRODUCTION driving force economy 1970s. Inexpensive production factors Turkey's close location European Union (EU) were significant contributors development, despite EU countries being largest market. Making best use its advantages, responding rapidly demands, adapting itself changing market conditions, Turkey able maintain place However, conditions recently deteriorated contrary positive expectations concerning sector's position international markets. Increasing competition due globalization, kindling cost by subsequent crises, narrowing opportunities markets, other problems created bottlenecks TTCI. Also, as fundamental economy, failure make strategic long-term planning contributed existing Obviously, attempts removing quotas post-2005 further aggravated sector. These developments combined today's harsh competitive environment require restructuring This conducts non-parametric method (DEA) analyze 1992-2003. Accordingly, changes crises periods reasons behind such examined. DEA sets, found did reach efficiency. Recently however, relative improvement On hand, extent which industry important. An Therefore, difficulties, particularly during are ones levels liabilities. fourfold overall, As sector, …