Relationships between Working Capital Policies and Firm Performance for Manufacturing Companies
Küçük Resim Yok
Tarih
2011
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Eskisehir Osmangazi Univ, Fac Education
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
The purpose of the paper is to study relationship between working capital policies and firm performance with crises effects for manufacturing companies. Data required for analysis were obtained from the Istanbul Stock Exchange Market in Turkey for the period 2005-2010. The author measured relationship between variables of firms using the panel data analysis. Two working capital policies ratios: Current assets/total assets and short term debts/total assets ratio were used as proxies. The results obtained using panel data analysis support a negative relationship between profitability measures and aggressive working capital investment and financing policies in times of crisis and normal economic circumstances. It would be helpful to use conservative working capital investment and financing policies in order to increase the performance of manufacturing companies in Turkey.
Açıklama
Anahtar Kelimeler
Manufacturing companies; working capital policies; firm performance; Istanbul Stock Exchange Market (ISE); panel data analysis
Kaynak
Eskisehir Osmangazi Universitesi Iibf Dergisi-Eskisehir Osmangazi University Journal Of Economics And Administrative Sciences
WoS Q Değeri
N/A
Scopus Q Değeri
Cilt
6
Sayı
2
