Relationships between Working Capital Policies and Firm Performance for Manufacturing Companies

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dc.contributor.authorSahin, Osman
dc.date.accessioned2025-10-24T18:10:19Z
dc.date.available2025-10-24T18:10:19Z
dc.date.issued2011
dc.departmentMalatya Turgut Özal Üniversitesi
dc.description.abstractThe 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.
dc.identifier.endpage141
dc.identifier.issn1306-6730
dc.identifier.issue2
dc.identifier.startpage123
dc.identifier.urihttps://hdl.handle.net/20.500.12899/4078
dc.identifier.volume6
dc.identifier.wosWOS:000441948300005
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.language.isotr
dc.publisherEskisehir Osmangazi Univ, Fac Education
dc.relation.ispartofEskisehir Osmangazi Universitesi Iibf Dergisi-Eskisehir Osmangazi University Journal Of Economics And Administrative Sciences
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_20251023
dc.subjectManufacturing companies; working capital policies; firm performance; Istanbul Stock Exchange Market (ISE); panel data analysis
dc.titleRelationships between Working Capital Policies and Firm Performance for Manufacturing Companies
dc.typeArticle

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