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Journals / Atatürk Üniversitesi İktisadi ve İdari Bilimler Dergisi / 2012 / Cilt: 26 - Sayı: 3-4

Analysıs of workıng Capıtal & Profıtabılıty relatıon for 1996-2005 vıa ıse example

Çalışma sermayesi-kârlılık ilişkisinin IMKB örneğinde 1996-2005 dönemi analizi

Adem DURSUN
Yücel AYRIÇAY
Pages
199–214
Publication Date
2022-10-11
DOI
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AI Summary & Key Takeaways

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

Besides, a negative relation between variants of working capital and gross profits is found in the built models.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The purpose of this study is to determine the relation between working capital and gross profit at the enterprises which registered in Istanbul Stock Exchange (ISE) in Turkey.
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Key Findings & Data:The dataset of the study is a panel dataset including annual data of 120 production and trade companies, as well as 1200 observations.
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Conclusion & Impact:Besides, a negative relation between variants of working capital and gross profits is found in the built models.
🔬Design:Modeling & Simulation
📍Scope:Comprehensive Sample
⚙️Variables:Domain Parameters

Abstract

The purpose of this study is to determine the relation between working capital and gross profit at the enterprises which registered in Istanbul Stock Exchange (ISE) in Turkey. The dataset of the study is a panel dataset including annual data of 120 production and trade companies, as well as 1200 observations. Enterprises that carry on financial activities are excluded from present research. The study applies Least Squares Method (LSM) for research, and Fixed Effects Model was taken into account during specifications of built models. The models built in present study reveal that the working capital, which is expressed at different levels with different variants in enterprises within ISE, is compatible with theoretical estimates when it comes to its relation with gross profit ratio. Besides, a negative relation between variants of working capital and gross profits is found in the built models.

Özet

Bu Çalışmanın amacı, Türkiye ölçeğinde İstanbul Menkul Kıymetler Borsası (İMKB)na kayıtlı işletmelerde çalışma sermayesi ile brüt kâr arasındaki ilişkiyi belirlemektir. Çalışmanın veri seti, İMKB üyesi 120 adet üretim ve ticaret işletmesinin yıllık verilerinden oluşan ve 1200 gözlemi kapsayan panel veri setidir. Finansal nitelikli faaliyet gösteren işletmeler çalışma dışında tutulmuştur. Çalışmada araştırma yöntemi olarak En Küçük Kareler Yöntemi (EKK) uygulanmış, kurgulanan modellerin spesifikasyonlarında Sabit Etkiler Modeli dikkate alınmıştır. Çalışmada kurgulanan modellerde, İMKBye kayıtlı işletmelerde farklı değişkenlerle farklı düzeylerde ifade edilen çalışma sermayesinin, brüt kârlılık oranları ile ilişkilerinin teorik beklentiyle uyumlu olduğu görülmektedir. Ayrıca kurgulanan modellerde, çalışma sermayesi değişkenleri ile brüt kârlılık arasında negatif ilişki olduğu tespit edilmiştir.

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Cite This Article

DURSUN, A., AYRIÇAY, Y. (2022). Analysıs of workıng Capıtal & Profıtabılıty relatıon for 1996-2005 vıa ıse example. Atatürk Üniversitesi İktisadi ve İdari Bilimler Dergisi, Cilt: 26 - Sayı: 3-4, 199–214. https://ajindex.com/articles/453663

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