Kaya, Hüseyin; Küçükşahin, Yasir; Çitil, Mücahit - In: Borsa Istanbul Review 25 (2025) 2, pp. 286-295
In this study, we investigate the impact of geopolitical risks on financial fragility of firms across 40 countries in … the period from 1990 to 2022. The Altman Z-Score is used as an indicator of financial fragility, while the Geopolitical … geopolitical risks significantly increase the financial fragility of firms, and this effect is stronger in upper middle …