COVİD-19 Sürecinde Firmalararası Kredili İşlemler: Halka Açık Türk Şirketlerinden Kanıtlar

Year 2024, Issue: 122, 110 - 133, 01.10.2024

Bahadır Karakoç

https://doi.org/10.33203/mfy.1476916

Abstract

Bu çalışma, COVID-19 pandemisinin Türkiye'deki halka açık şirketler arasındaki ticari kredi borçlanması üzerindeki etkilerine odaklanmaktadır. Fark GMM ve sabit etki En Küçük Kareler (FE-OLS) yöntemlerini içeren panel veri analizini kullanarak, pandemi sırasında firmaların kullandığı ticari kredinin miktarı ve süresindeki değişiklikler araştırılmıştır. Bulgular, ekonomik dalgalanmaların yaşandığı pandemi sürecinde tedarikçilerden sağlana kredili mal alışlarında ve bu alımların süresinde önemli bir artış olduğunu ortaya koymaktadır. Özellikle, bu eğilimin yüksek borçlu ve düşük nakit rezervine sahip firmalar arasında belirgin olduğu görülmüştür, bu da kredili işlemlere olan bağımlılığın finansman mekanizması olarak arttığını göstermektedir.

Keywords

Kovid-19 pandemisi, kriz, kredili mal alışı

Trade Credit Borrowing Amidst the COVID-19 Pandemic: Evidence from Turkish Publicly Traded Firms

Abstract

This study focuses on the effects of the COVID-19 pandemic on trade credit borrowing among publicly traded Turkish firms. Changes in the amount and duration of trade credit utilized by firms during the pandemic are investigated using panel data analysis, including Difference Generalized Method of Moments (GMM) and Fixed Effects Ordinary Least Squares (FE-OLS) methods. The findings reveal a significant increase in both the amount and duration of trade credit obtained from suppliers amidst the pandemic's economic disruptions. This trend is particularly pronounced among high-debt and low-cash firms, suggesting a heightened reliance on trade credit as a financing mechanism.

Keywords

Covid-19 pandemic, crisis, trade credit

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