Siyaset Ekonomi ve Yönetim Araştırmaları Dergisi

Yazarlar: Türker TUĞSAL

Konular:-

Anahtar Kelimeler:Sensemaking Theory,Financial Crisis,Turkish Banking Sector,Twin Crisis,Prospective Sensemaking

Özet: The purpose of the article is to assess Karl Weick’s sensemaking theory in terms of economics, in order to research the validity of theory for preventing financial crisis or taking precaution. Crisis indicators of Kaminsky, Lizondo and Reinhart, Burkart and Coudert, Edwards are identified as crisis indicators of the research. Financial indicators that were effective in 2001 financial crisis are identified; and compared retrospectively with 2008 global crisis values. As a consequence of sensemaking 2001 financial crisis, it is put forth that negative effects of 2008 global crisis were lessened. Even though retrospective sensemaking approach is used in the study, prospective sensemaking will assure process improvement, organizational learning and performance evaluation in terms of organizational behavior and organization economics

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