The effect of COVID-19 on the financing decisions of manufacturing enterprises

The financing decisions of the business are decisions that are of vital importance for the future and continuity of the business. Covid-19 which emerged in the last quarter of 2019 in Wuhan of China and spread all over the world in a short time, caused to be implemented international travel restrictions and bans. The COVID-19 pandemic, which initially only threatened human health, spread over time to the real and financial sectors of economies. In Turkey, apart from a few sectors such as health, food and cleaning, other sectors have entered an economic crisis due to reasons such as quarantine, closure, and disruption of the supply and demand balance. In this study, we aimed to investigate whether the Covid-19 pandemic has an impact on the financing decisions of production enterprises. In this context, it was investigated whether Covid-19 had an impact on financing decisions after asking descriptive questions of the sector and business to the financial managers of the companies engaged in production, regardless of the sector. The data obtained were analyzed by frequency analysis, exploratory factor analysis, Kaiser-Meyer-Olkin and Bartlett Tests, and Independent Samples T Test and Oneway Anova Test, which are parametric tests. Within the scope of the findings, it has been determined that although the impact of Covid-19 on the financing decisions of production enterprises varies from sector to sector, it has a different degree of impact.