Araştırma Makalesi
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NAKİT POLİTİKASI ÇALIŞMALARININ BİBLİYOMETRİK HARİTASI

Yıl 2024, Cilt: 7 Sayı: 2, 105 - 134, 31.12.2024
https://doi.org/10.52736/ubeyad.1602513

Öz

Bu çalışma, işletmelerin nakit tutma, nakit yönetimi ve nakit politikaları konularında gerçekleştirilen akademik literatürü bibliyometrik yöntemle incelemeyi amaçlamaktadır. Nakit tutma politikaları, firmaların likidite yönetiminde kritik bir rol oynarken, ekonomik dalgalanmalar, finansal kısıtlar ve jeopolitik riskler gibi dışsal faktörlerden etkilenmektedir. Nakit yönetimi ve ilgili stratejiler, firmaların sürdürülebilir büyüme, yatırım kararları ve finansal esneklik sağlama çabalarının temel taşlarından biridir.
Bu bağlamda, bibliyometrik analiz yöntemi kullanılarak, alanla ilgili yayınların dağılımı, en etkili yazarlar, kurumlar ve ülkeler, kullanılan anahtar kelimeler ve tematik eğilimler incelenecektir. Çalışma, Web of Science ve Scopus gibi uluslararası veri tabanlarından elde edilen yayınlar üzerinden gerçekleştirilecektir. Elde edilen bulgular, alandaki mevcut bilgi birikimini sistematik bir şekilde ortaya koyarak, gelecekteki araştırmalara rehberlik etme potansiyeli taşımaktadır.
Bu çalışmanın, nakit yönetimi ve politikaları konularında teori ve uygulamayı birleştiren yeni araştırma alanlarını belirleme, bu alanda çalışma yapan araştırmacılar ve politika yapıcılar için çıkarımlar sunma açısından değerli katkılar sağlayacağı düşünülmektedir.

Kaynakça

  • Acharya, Viral, Sergei A. Davydenko, ve Ilya A. Strebulaev. 2012. “Cash Holdings and Credit Risk”. Oxford University Press.
  • Al-Najjar, Basil. 2013. “The Financial Determinants of Corporate Cash Holdings: Evidence from Some Emerging Markets”. International Business Review 22(1):77-88. doi: 10.1016/j.ibusrev.2012.02.004.
  • Bates, Thomas W., Kathleen M. Kahle, ve René M. Stulz. 2009. “Why Do U.S. Firms Hold So Much More Cash than They Used To?” The Journal of Finance 64(5):1985-2021. doi: 10.1111/j.1540-6261.2009.01492.x.
  • Bigelli, Marco, ve Javier Sánchez-Vidal. 2012. “Cash Holdings in Private Firms”. Journal of Banking & Finance 36(1):26-35. doi: 10.1016/j.jbankfin.2011.06.004.
  • Brown, James R., ve Bruce C. Petersen. 2011. “Cash Holdings and R&D Smoothing”. Journal of Corporate Finance 17(3):694-709. doi: 10.1016/j.jcorpfin.2010.01.003.
  • Chen, Yangyang, Paul Y. Dou, S. Ghon Rhee, Cameron Truong, ve Madhu Veeraraghavan. 2015. “National Culture and Corporate Cash Holdings around the World”. Journal of Banking & Finance 50:1-18. doi: 10.1016/j.jbankfin.2014.09.018.
  • Cheung, Adrian (Wai Kong). 2016. “Corporate Social Responsibility and Corporate Cash Holdings”. Journal of Corporate Finance 37:412-30. doi: 10.1016/j.jcorpfin.2016.01.008.
  • Cowling, Marc, Ross Brown, ve Augusto Rocha. 2020. “Did You Save Some Cash for a Rainy COVID-19 Day? The Crisis and SMEs”. International Small Business Journal: Researching Entrepreneurship 38(7):593-604. doi: 10.1177/0266242620945102.
  • De Vito, Antonio, ve Juan-Pedro Gómez. 2020. “Estimating the COVID-19 Cash Crunch: Global Evidence and Policy”. Journal of Accounting and Public Policy 39(2):106741. doi: 10.1016/j.jaccpubpol.2020.106741.
  • Dittmar, Amy, Jan Mahrt-Smith, ve Henri Servaes. 2003. “International Corporate Governance and Corporate Cash Holdings”. The Journal of Financial and Quantitative Analysis 38(1):111. doi: 10.2307/4126766.
  • Duchin, Ran. 2010. “Cash Holdings and Corporate Diversification”. The Journal of Finance 65(3):955-92. doi: 10.1111/j.1540-6261.2010.01558.x.
  • Duong, Huu Nhan, Justin Hung Nguyen, My Nguyen, ve S. Ghon Rhee. 2020. “Navigating through Economic Policy Uncertainty: The Role of Corporate Cash Holdings”. Journal of Corporate Finance 62:101607. doi: 10.1016/j.jcorpfin.2020.101607.
  • Ferreira, Miguel A., ve Antonio S. Vilela. 2004. “Why Do Firms Hold Cash? Evidence from EMU Countries”. European Financial Management 10(2):295-319. doi: 10.1111/j.1354-7798.2004.00251.x.
  • Foley, C. Fritz, Jay C. Hartzell, Sheridan Titman, ve Garry Twite. 2007. “Why Do FIrms Hold so Much Cash? A Tax-Based Explanation$”. Journal of Financial Economics.
  • Fresard, Laurent. 2010. “Financial Strength and Product Market Behavior: The Real Effects of Corporate Cash Holdings”. The Journal of Finance 65(3):1097-1122. doi: 10.1111/j.1540-6261.2010.01562.x.
  • Gao, Huasheng, Jarrad Harford, ve Kai Li. 2013. “Determinants of Corporate Cash Policy: Insights from Private Firms”. Journal of Financial Economics 109(3):623-39. doi: 10.1016/j.jfineco.2013.04.008.
  • Gürbüz, H. Z. (2025). International Trade and Cash Management: Does Financial Inclusion Matter in OIC Countries?. In J. Martínez-Falcó, E. Sánchez-García, B. Marco-Lajara, & R. Fuentes-Fernández (Eds.), Global Economic Interconnectedness: International Trade and Finance (pp. 197-212). IGI Global Scientific Publishing. https://doi.org/10.4018/979-8-3693-5303-5.ch009
  • Han, Seungjin, ve Jiaping Qiu. 2007. “Corporate Precautionary Cash Holdings”. Journal of Corporate Finance 13(1):43-57. doi: 10.1016/j.jcorpfin.2006.05.002.
  • Harford, Jarrad, Sandy Klasa, ve William F. Maxwell. 2014. “Refinancing Risk and Cash Holdings”. The Journal of Finance 69(3):975-1012. doi: 10.1111/jofi.12133.
  • Harford, Jarrad, Sattar A. Mansi, ve William F. Maxwell. 2008. “Corporate Governance and FIrm Cash Holdings in the US$”. Journal of Financial Economics.
  • Itzkowitz, Jennifer. 2013. “Customers and Cash: How Relationships Affect Suppliers’ Cash Holdings”. Journal of Corporate Finance.
  • Kalcheva, Ivalina, ve Karl V. Lins. 2007. “International Evidence on Cash Holdings and Expected Managerial Agency Problems”. The Review of Financial Studies 20(4).
  • Lins, Karl V., Henri Servaes, ve Peter Tufano. 2010. “What Drives Corporate Liquidity? An International Survey of Cash Holdings and Lines of Credit☆”. Journal of Financial Economics 98(1):160-76. doi: 10.1016/j.jfineco.2010.04.006.
  • Nikolov, Boris, ve Toni M. Whited. 2014. “Agency Conflicts and Cash: Estimates from a Dynamic Model”. The Journal of Finance 69(5):1883-1921. doi: 10.1111/jofi.12183.
  • Opler, Tim, Lee Pinkowitz, Rohan Williamson, ve René Stulz. 1999. “The Determinants and Implications of Corporate Cash Holdingsଝ”. Journal of Financial Economics.
  • Ozkan, Aydin, ve Neslihan Ozkan. 2004. “Corporate Cash Holdings: An Empirical Investigation of UK Companies”.
  • Palazzo, Berardino. 2012. “Cash Holdings, Risk, and Expected Returns”. Journal of Financial Economics 104(1):162-85. doi: 10.1016/j.jfineco.2011.12.009.
  • Phan, Hieu V., Nam H. Nguyen, Hien T. Nguyen, ve Shantaram Hegde. 2019. “Policy Uncertainty and Firm Cash Holdings”. Journal of Business Research 95:71-82. doi: 10.1016/j.jbusres.2018.10.001.
  • Pinkowitz, Lee, René Stulz, ve Rohan Williamson. 2006. “Does the Contribution of Corporate Cash Holdings and Dividends to Firm Value Depend on Governance? A Cross‐country Analysis”. The Journal of Finance 61(6):2725-51. doi: 10.1111/j.1540-6261.2006.01003.x.
  • Pinkowitz, Lee, ve Rohan Williamson. 2001. “Bank Power and Cash Holdings: Evidence from Japan”. The Review of Financial Studies 14(4):1059-82.
  • Tekin, H. (2022). How Do Financial Constraints and Financial Crises Matter in Cash Management?: Evidence From Developing Asian Economies. In B. Akkaya, K. Jermsittiparsert, & A. Gunsel (Eds.), Handbook of Research on Current Trends in Asian Economics, Business, and Administration (pp. 228-248). IGI Global Scientific Publishing. https://doi.org/10.4018/978-1-7998-8486-6.ch012
  • Tekin, H., Gürbüz, H. Z., & Kayadibi, S. (2023). How Do Geopolitical Risk and Global Trade Shape Corporate Cash Policy?: Evidence From the Financial Crisis of 2008-2009. In The Transformation of Global Trade in a New World (pp. 47-68). IGI Global.
  • Xu, Nianhang, Qinyuan Chen, Yan Xu, ve Kam C. Chan. 2016. “Political Uncertainty and Cash Holdings: Evidence from China”. Journal of Corporate Finance 40:276-95. doi: 10.1016/j.jcorpfin.2016.08.007.

THE BIBLIOMETRIC MAPPING OF STUDIES ON CASH POLICIES

Yıl 2024, Cilt: 7 Sayı: 2, 105 - 134, 31.12.2024
https://doi.org/10.52736/ubeyad.1602513

Öz

This study aims to analyse the academic literature on cash holding, cash management and cash policies of firms using bibliometric method. While cash holding policies play a critical role in firms' liquidity management, they are affected by external factors such as economic fluctuations, financial constraints and geopolitical risks. Cash management and related strategies are one of the cornerstones of firms' efforts to achieve sustainable growth, investment decisions and financial flexibility.
In this context, bibliometric analysis will be used to examine the distribution of publications in the field, the most influential authors, institutions and countries, keywords used and thematic trends. The study will be based on publications obtained from international databases such as Web of Science and Scopus. The findings have the potential to guide future research by systematising the existing body of knowledge in the field.
This study is expected to make valuable contributions in terms of identifying new research areas that combine theory and practice in cash management and policies, and providing implications for researchers working in this field and policy makers.

Kaynakça

  • Acharya, Viral, Sergei A. Davydenko, ve Ilya A. Strebulaev. 2012. “Cash Holdings and Credit Risk”. Oxford University Press.
  • Al-Najjar, Basil. 2013. “The Financial Determinants of Corporate Cash Holdings: Evidence from Some Emerging Markets”. International Business Review 22(1):77-88. doi: 10.1016/j.ibusrev.2012.02.004.
  • Bates, Thomas W., Kathleen M. Kahle, ve René M. Stulz. 2009. “Why Do U.S. Firms Hold So Much More Cash than They Used To?” The Journal of Finance 64(5):1985-2021. doi: 10.1111/j.1540-6261.2009.01492.x.
  • Bigelli, Marco, ve Javier Sánchez-Vidal. 2012. “Cash Holdings in Private Firms”. Journal of Banking & Finance 36(1):26-35. doi: 10.1016/j.jbankfin.2011.06.004.
  • Brown, James R., ve Bruce C. Petersen. 2011. “Cash Holdings and R&D Smoothing”. Journal of Corporate Finance 17(3):694-709. doi: 10.1016/j.jcorpfin.2010.01.003.
  • Chen, Yangyang, Paul Y. Dou, S. Ghon Rhee, Cameron Truong, ve Madhu Veeraraghavan. 2015. “National Culture and Corporate Cash Holdings around the World”. Journal of Banking & Finance 50:1-18. doi: 10.1016/j.jbankfin.2014.09.018.
  • Cheung, Adrian (Wai Kong). 2016. “Corporate Social Responsibility and Corporate Cash Holdings”. Journal of Corporate Finance 37:412-30. doi: 10.1016/j.jcorpfin.2016.01.008.
  • Cowling, Marc, Ross Brown, ve Augusto Rocha. 2020. “Did You Save Some Cash for a Rainy COVID-19 Day? The Crisis and SMEs”. International Small Business Journal: Researching Entrepreneurship 38(7):593-604. doi: 10.1177/0266242620945102.
  • De Vito, Antonio, ve Juan-Pedro Gómez. 2020. “Estimating the COVID-19 Cash Crunch: Global Evidence and Policy”. Journal of Accounting and Public Policy 39(2):106741. doi: 10.1016/j.jaccpubpol.2020.106741.
  • Dittmar, Amy, Jan Mahrt-Smith, ve Henri Servaes. 2003. “International Corporate Governance and Corporate Cash Holdings”. The Journal of Financial and Quantitative Analysis 38(1):111. doi: 10.2307/4126766.
  • Duchin, Ran. 2010. “Cash Holdings and Corporate Diversification”. The Journal of Finance 65(3):955-92. doi: 10.1111/j.1540-6261.2010.01558.x.
  • Duong, Huu Nhan, Justin Hung Nguyen, My Nguyen, ve S. Ghon Rhee. 2020. “Navigating through Economic Policy Uncertainty: The Role of Corporate Cash Holdings”. Journal of Corporate Finance 62:101607. doi: 10.1016/j.jcorpfin.2020.101607.
  • Ferreira, Miguel A., ve Antonio S. Vilela. 2004. “Why Do Firms Hold Cash? Evidence from EMU Countries”. European Financial Management 10(2):295-319. doi: 10.1111/j.1354-7798.2004.00251.x.
  • Foley, C. Fritz, Jay C. Hartzell, Sheridan Titman, ve Garry Twite. 2007. “Why Do FIrms Hold so Much Cash? A Tax-Based Explanation$”. Journal of Financial Economics.
  • Fresard, Laurent. 2010. “Financial Strength and Product Market Behavior: The Real Effects of Corporate Cash Holdings”. The Journal of Finance 65(3):1097-1122. doi: 10.1111/j.1540-6261.2010.01562.x.
  • Gao, Huasheng, Jarrad Harford, ve Kai Li. 2013. “Determinants of Corporate Cash Policy: Insights from Private Firms”. Journal of Financial Economics 109(3):623-39. doi: 10.1016/j.jfineco.2013.04.008.
  • Gürbüz, H. Z. (2025). International Trade and Cash Management: Does Financial Inclusion Matter in OIC Countries?. In J. Martínez-Falcó, E. Sánchez-García, B. Marco-Lajara, & R. Fuentes-Fernández (Eds.), Global Economic Interconnectedness: International Trade and Finance (pp. 197-212). IGI Global Scientific Publishing. https://doi.org/10.4018/979-8-3693-5303-5.ch009
  • Han, Seungjin, ve Jiaping Qiu. 2007. “Corporate Precautionary Cash Holdings”. Journal of Corporate Finance 13(1):43-57. doi: 10.1016/j.jcorpfin.2006.05.002.
  • Harford, Jarrad, Sandy Klasa, ve William F. Maxwell. 2014. “Refinancing Risk and Cash Holdings”. The Journal of Finance 69(3):975-1012. doi: 10.1111/jofi.12133.
  • Harford, Jarrad, Sattar A. Mansi, ve William F. Maxwell. 2008. “Corporate Governance and FIrm Cash Holdings in the US$”. Journal of Financial Economics.
  • Itzkowitz, Jennifer. 2013. “Customers and Cash: How Relationships Affect Suppliers’ Cash Holdings”. Journal of Corporate Finance.
  • Kalcheva, Ivalina, ve Karl V. Lins. 2007. “International Evidence on Cash Holdings and Expected Managerial Agency Problems”. The Review of Financial Studies 20(4).
  • Lins, Karl V., Henri Servaes, ve Peter Tufano. 2010. “What Drives Corporate Liquidity? An International Survey of Cash Holdings and Lines of Credit☆”. Journal of Financial Economics 98(1):160-76. doi: 10.1016/j.jfineco.2010.04.006.
  • Nikolov, Boris, ve Toni M. Whited. 2014. “Agency Conflicts and Cash: Estimates from a Dynamic Model”. The Journal of Finance 69(5):1883-1921. doi: 10.1111/jofi.12183.
  • Opler, Tim, Lee Pinkowitz, Rohan Williamson, ve René Stulz. 1999. “The Determinants and Implications of Corporate Cash Holdingsଝ”. Journal of Financial Economics.
  • Ozkan, Aydin, ve Neslihan Ozkan. 2004. “Corporate Cash Holdings: An Empirical Investigation of UK Companies”.
  • Palazzo, Berardino. 2012. “Cash Holdings, Risk, and Expected Returns”. Journal of Financial Economics 104(1):162-85. doi: 10.1016/j.jfineco.2011.12.009.
  • Phan, Hieu V., Nam H. Nguyen, Hien T. Nguyen, ve Shantaram Hegde. 2019. “Policy Uncertainty and Firm Cash Holdings”. Journal of Business Research 95:71-82. doi: 10.1016/j.jbusres.2018.10.001.
  • Pinkowitz, Lee, René Stulz, ve Rohan Williamson. 2006. “Does the Contribution of Corporate Cash Holdings and Dividends to Firm Value Depend on Governance? A Cross‐country Analysis”. The Journal of Finance 61(6):2725-51. doi: 10.1111/j.1540-6261.2006.01003.x.
  • Pinkowitz, Lee, ve Rohan Williamson. 2001. “Bank Power and Cash Holdings: Evidence from Japan”. The Review of Financial Studies 14(4):1059-82.
  • Tekin, H. (2022). How Do Financial Constraints and Financial Crises Matter in Cash Management?: Evidence From Developing Asian Economies. In B. Akkaya, K. Jermsittiparsert, & A. Gunsel (Eds.), Handbook of Research on Current Trends in Asian Economics, Business, and Administration (pp. 228-248). IGI Global Scientific Publishing. https://doi.org/10.4018/978-1-7998-8486-6.ch012
  • Tekin, H., Gürbüz, H. Z., & Kayadibi, S. (2023). How Do Geopolitical Risk and Global Trade Shape Corporate Cash Policy?: Evidence From the Financial Crisis of 2008-2009. In The Transformation of Global Trade in a New World (pp. 47-68). IGI Global.
  • Xu, Nianhang, Qinyuan Chen, Yan Xu, ve Kam C. Chan. 2016. “Political Uncertainty and Cash Holdings: Evidence from China”. Journal of Corporate Finance 40:276-95. doi: 10.1016/j.jcorpfin.2016.08.007.
Toplam 33 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular Finans
Bölüm Makaleler
Yazarlar

Hidayet Zahid Gürbüz

Erken Görünüm Tarihi 31 Aralık 2024
Yayımlanma Tarihi 31 Aralık 2024
Gönderilme Tarihi 16 Aralık 2024
Kabul Tarihi 25 Aralık 2024
Yayımlandığı Sayı Yıl 2024 Cilt: 7 Sayı: 2

Kaynak Göster

APA Gürbüz, H. Z. (2024). THE BIBLIOMETRIC MAPPING OF STUDIES ON CASH POLICIES. Uluslararası Bankacılık Ekonomi Ve Yönetim Araştırmaları Dergisi, 7(2), 105-134. https://doi.org/10.52736/ubeyad.1602513