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Journals / Business and Management Studies: An International Journal / 2019 / Cilt: 7 - Sayı: 1

THE IMPACT OF CORPORATE GOVERNANCE ON WORKING CAPITAL MANAGEMENT: AN APPROACH ON BIST MANUFACTURING FIRMS

KURUMSAL YÖNETİM UYGULAMALARININ ÇALIŞMA SERMAYESİ YÖNETİMİ ÜZERİNE ETKİSİ: BİST İMALAT ŞİRKETLERİ ÜZERİNE BİR UYGULAMA

MEHMET AYTEKİN
ADEM RUHAN SÖNMEZ
Pages
327–351
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

The results revealed that there is significiant relation between levels of working capital managenet among corporate governance as relation between proportion of independent directors and account receivables, inventory periods and cash conversion cycle; relation between audit committe and current ratio.

📌 3 Key Takeaways

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Objective & Hypothesis:The aim of the study was to examine the relationship between corporate governance practices and working capital management in listed manufacturing firms in Turkey.
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Key Findings & Data:A sample was selected of 155 manufacturing firms at the Borsa Istanbul from 2012 to 2017.
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Conclusion & Impact:The results revealed that there is significiant relation between levels of working capital managenet among corporate governance as relation between proportion of independent directors and account receivables, inventory periods and cash conversion cycle; relation between audit committe and current ratio.
🔬Design:Research Article
📍Scope:2012 Verileri
⚙️Variables:Domain Parameters

Abstract

The aim of the study was to examine the relationship between corporate governance practices and working capital management in listed manufacturing firms in Turkey. A sample was selected of 155 manufacturing firms at the Borsa Istanbul from 2012 to 2017. Data was collected from financial tables and annual report. This study used regression analyses to investigate the impact of corporate governance on working capital management. In this study; analysed relationship between board size, independence of board director, audit committee, risk management committee and components of working capital management. The results revealed that there is significiant relation between levels of working capital managenet among corporate governance as relation between proportion of independent directors and account receivables, inventory periods and cash conversion cycle; relation between audit committe and current ratio.

Özet

Bu çalışmada; genel olarak kurumsal yönetim uygulamaları ile çalışma sermayesi yönetimi arasındakiilişkiler incelenmiştir. Bu kapsamda Borsa İstanbul’da işlem gören 155 imalat şirketinin 2012-2017 yıllarıarasına ait mali tablo ve faaliyet raporlarından elde edilen veriler, panel veri seti kullanılarak regresyon analiziile test edilmiştir. Yapılan analizler sonucunda; yönetim kurulu üye sayısı, yönetim kurulu bağımsız üye oranı,yönetim kurulu kadın üye oranı, denetim komitesinin varlığı ve riskin erken saptanması komitesinin varlığı ileçalışma sermayesi yönetimi bileşenleri arasındaki ilişkiler analiz edilmiştir. Yapılan analizler sonucunda;bağımsız üye oranı ile ticari borç devir süresi, stok devir süresi ve nakit dönüş süresi arasında, denetim komitesiile cari oran arasında ilişki olduğu tespit edilmiştir.

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Cite This Article

AYTEKİN, M., SÖNMEZ, A. R. (2019). THE IMPACT OF CORPORATE GOVERNANCE ON WORKING CAPITAL MANAGEMENT: AN APPROACH ON BIST MANUFACTURING FIRMS. Business and Management Studies: An International Journal, Cilt: 7 - Sayı: 1, 327–351. https://ajindex.com/articles/351977

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