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Financial crisises is one of the important issues which attract both financiers and economists' attention. Many theoretical and empirical work has been done on this subject. This study aims to measure the effects of the 2008 financial crisis on automotive sector traded in Istanbul Stock Exchange (BIST) by examining the change in the capital structure of the company pre and post crisis. This paper is decomposed from the other studies by examining pre and post crisis businesses' capital structures' differentiation. In addition, periods of the 2008 crisis and 2001 crisis is compared. In this paper by using the financial statements of the businesses in the automotive sector, in a total of four groups including liquidity, leverage, activity and profitability 20 ratios are calculated for a period of 14 years. Then, t-tests is done with the data obtained to determine how the change of the capital structure before and after the crisis. [ABSTRACT FROM AUTHOR]

The right strategy for economic development and actors in industrialization are two important issues for developing countries. The role of state and private sector in investments characterize the national economic system of a country. Whether state should invest in national industry as a sole actor or has a role of facilitator and controller is a significant issue discussed earlier by political economists. Turkey and Korea are good examples to show how the degree of government intervention can influence the formation entrepreneur class and establishment of private industries. This paper will try to compare and analyze main political economy of Turkey and Korea from earlier years of proclamation of republics to 1990s. Special focus will be given to causes and effects of economic crisis on national political economy. [ABSTRACT FROM AUTHOR]