Can We Evaluate Economic Features Of Companies By Using Cash Flow Information In A Different Way? Evidence From Turkish Manufacturing Industry
Öz
Cash is an axis around which each company’s economic life rotates. That’s why users of financial statements have been showing an increased interest in the cash flow information provided by companies. There have been several methods used to analyze the information gathered from the Statement of Cash Flows each of which give us a useful information about companies’ fiscal standing. This paper focuses on the Statement of Cash Flows data of the manufacturing companies listed in Borsa Istanbul X100 each year over the 2011-2015 period to analyze whether Gup and Samson’s cash flow pattern model developed in 1993 can be used to characterize a company from financial standpoint. First classified listed manufacturing companies using Gup and Samson’s model and calculated selected financial ratios which are used in determining a company’s financial characteristics. Then used Kendall’s Tau-b model to analyze the correlation between cash flow patterns and selected financial ratios.
Anahtar Kelimeler
Kaynakça
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