EN
Affects of Working Capital Management on Firm’s Performance: Evidence from Turkey
Abstract
The working capital management has an important role for the firm’s success or failure because of it’s’ effect on firm’s performance and liquidity. The study is based on secondary data collected from 75 manufacturing firms listed on Istanbul Stock Exchange Market for the period 2002-2009 with an attempt to investigate the relationship between working capital management components and performance of the firms by using dynamic panel data analysis. The results demonstrate that firms can increase profitability measured by gross operating profit by shortening collection period of accounts receivable and cash conversion cycle. Leverage as a control variable has a significant negative relationship with firm value and profitability of firms. This means, increase in the level of leverage will lead to decline in the profitability of the firm and the value of the firm.
Keywords
Details
Primary Language
English
Subjects
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Journal Section
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Publication Date
December 1, 2012
Submission Date
December 1, 2012
Acceptance Date
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Published in Issue
Year 2012 Volume: 2 Number: 4
APA
Vural, G., Sökmen, A. G., & Çetenak, E. H. (2012). Affects of Working Capital Management on Firm’s Performance: Evidence from Turkey. International Journal of Economics and Financial Issues, 2(4), 488-495. https://izlik.org/JA22EK28SW
AMA
1.Vural G, Sökmen AG, Çetenak EH. Affects of Working Capital Management on Firm’s Performance: Evidence from Turkey. IJEFI. 2012;2(4):488-495. https://izlik.org/JA22EK28SW
Chicago
Vural, Gamze, Ahmet Gökhan Sökmen, and Emin Hüseyin Çetenak. 2012. “Affects of Working Capital Management on Firm’s Performance: Evidence from Turkey”. International Journal of Economics and Financial Issues 2 (4): 488-95. https://izlik.org/JA22EK28SW.
EndNote
Vural G, Sökmen AG, Çetenak EH (December 1, 2012) Affects of Working Capital Management on Firm’s Performance: Evidence from Turkey. International Journal of Economics and Financial Issues 2 4 488–495.
IEEE
[1]G. Vural, A. G. Sökmen, and E. H. Çetenak, “Affects of Working Capital Management on Firm’s Performance: Evidence from Turkey”, IJEFI, vol. 2, no. 4, pp. 488–495, Dec. 2012, [Online]. Available: https://izlik.org/JA22EK28SW
ISNAD
Vural, Gamze - Sökmen, Ahmet Gökhan - Çetenak, Emin Hüseyin. “Affects of Working Capital Management on Firm’s Performance: Evidence from Turkey”. International Journal of Economics and Financial Issues 2/4 (December 1, 2012): 488-495. https://izlik.org/JA22EK28SW.
JAMA
1.Vural G, Sökmen AG, Çetenak EH. Affects of Working Capital Management on Firm’s Performance: Evidence from Turkey. IJEFI. 2012;2:488–495.
MLA
Vural, Gamze, et al. “Affects of Working Capital Management on Firm’s Performance: Evidence from Turkey”. International Journal of Economics and Financial Issues, vol. 2, no. 4, Dec. 2012, pp. 488-95, https://izlik.org/JA22EK28SW.
Vancouver
1.Gamze Vural, Ahmet Gökhan Sökmen, Emin Hüseyin Çetenak. Affects of Working Capital Management on Firm’s Performance: Evidence from Turkey. IJEFI [Internet]. 2012 Dec. 1;2(4):488-95. Available from: https://izlik.org/JA22EK28SW