EN
Economic Impact on Financial Ratios of Food Industry at Istanbul Stock Exchange Listed Firms
Abstract
In this study, 22 food and beverage sector companies traded on the Istanbul Stock Exchange were selected as scope for the period 2008-2015. This research aims to investigate the relation between firm’s financial ratios and selected macroeconomic indicators which are income, poverty, and Gini coefficient value. Time series of financial ratios are obtained from firm’s financial statements. We show that as an economic indicator poverty levels and minimum wage has a significant relation on firm’s financial ratios which are cash ratio, sales profitability ratio, and net working capital ratio. This research found that only poverty level and minimum wage has a positive impact on cash and working capital financial ratios and negative impact on sales profitability ratios of listed firms.
Keywords
Details
Primary Language
English
Subjects
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Journal Section
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Publication Date
September 1, 2017
Submission Date
September 1, 2017
Acceptance Date
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Published in Issue
Year 2017 Volume: 7 Number: 3
APA
Atmaca, M., & Demirel, E. (2017). Economic Impact on Financial Ratios of Food Industry at Istanbul Stock Exchange Listed Firms. International Journal of Economics and Financial Issues, 7(3), 537-541. https://izlik.org/JA34MM39XY
AMA
1.Atmaca M, Demirel E. Economic Impact on Financial Ratios of Food Industry at Istanbul Stock Exchange Listed Firms. IJEFI. 2017;7(3):537-541. https://izlik.org/JA34MM39XY
Chicago
Atmaca, Metin, and Engin Demirel. 2017. “Economic Impact on Financial Ratios of Food Industry at Istanbul Stock Exchange Listed Firms”. International Journal of Economics and Financial Issues 7 (3): 537-41. https://izlik.org/JA34MM39XY.
EndNote
Atmaca M, Demirel E (September 1, 2017) Economic Impact on Financial Ratios of Food Industry at Istanbul Stock Exchange Listed Firms. International Journal of Economics and Financial Issues 7 3 537–541.
IEEE
[1]M. Atmaca and E. Demirel, “Economic Impact on Financial Ratios of Food Industry at Istanbul Stock Exchange Listed Firms”, IJEFI, vol. 7, no. 3, pp. 537–541, Sept. 2017, [Online]. Available: https://izlik.org/JA34MM39XY
ISNAD
Atmaca, Metin - Demirel, Engin. “Economic Impact on Financial Ratios of Food Industry at Istanbul Stock Exchange Listed Firms”. International Journal of Economics and Financial Issues 7/3 (September 1, 2017): 537-541. https://izlik.org/JA34MM39XY.
JAMA
1.Atmaca M, Demirel E. Economic Impact on Financial Ratios of Food Industry at Istanbul Stock Exchange Listed Firms. IJEFI. 2017;7:537–541.
MLA
Atmaca, Metin, and Engin Demirel. “Economic Impact on Financial Ratios of Food Industry at Istanbul Stock Exchange Listed Firms”. International Journal of Economics and Financial Issues, vol. 7, no. 3, Sept. 2017, pp. 537-41, https://izlik.org/JA34MM39XY.
Vancouver
1.Metin Atmaca, Engin Demirel. Economic Impact on Financial Ratios of Food Industry at Istanbul Stock Exchange Listed Firms. IJEFI [Internet]. 2017 Sep. 1;7(3):537-41. Available from: https://izlik.org/JA34MM39XY