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Journals / Muhasebe Bilim Dünyası Dergisi / 2019 / Cilt: 21 - Sayı: 3

COMPARATIVE INVESTIGATION OF THE RELATIONS HIP BETWEEN WORKING CAPITAL AND FINANCIAL PERFORMANCE ON THE SECTORS: BIST CASE

ÇALIŞMA SERMAYESİ İLE FİNANSAL PERFORMANS ARASINDAKİ İLİŞKİNİN ALT SEKTÖRLER BAZINDA KARİILAİTIRMALI İNCELENMESİ: BIST ÖRNEĞİ

Rabia AKTAŞ
Koray KAYALIDERE
Gülgün KARAGÖZOĞLU
Pages
628–655
Publication Date
2022-10-19
DOI
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AI Summary & Key Takeaways

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

These results differ in sub-sectors but it has been determined that current ratio and debt to equity ratio have a common effect on financial performance.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The aim of this study is to examine the comparative relationship between working capital and financial performance of manufacturing firms that are listed in Istanbul Stock Exchange in terms of aggregated and sub - sectors periodically.
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Key Findings & Data:As a result of the analyses of 102 manufacturing companies using the data of 2005 - 2017 period, statistically significant positive relationships between working capital determinants and financial performance; and negative relationships between debt to equity ratio and financial performance have been found in general.
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Conclusion & Impact:These results differ in sub-sectors but it has been determined that current ratio and debt to equity ratio have a common effect on financial performance.
🔬Design:Research Article
📍Scope:2005 - 2017 Verileri
⚙️Variables:Domain Parameters

Abstract

The aim of this study is to examine the comparative relationship between working capital and financial performance of manufacturing firms that are listed in Istanbul Stock Exchange in terms of aggregated and sub - sectors periodically. As a result of the analyses of 102 manufacturing companies using the data of 2005 - 2017 period, statistically significant positive relationships between working capital determinants and financial performance; and negative relationships between debt to equity ratio and financial performance have been found in general. These results differ in sub-sectors but it has been determined that current ratio and debt to equity ratio have a common effect on financial performance.

Özet

 Çalışmanın amacı, Borsa İstanbul’da işlem gören imalat sanayi firmalarının çalışma sermayesi ile finansal performansları arasındaki ilişkisinin toplulaştırılmış ve alt sektörler açısından dönemsel olarak karşılaştırmalı incelenmesidir. 102 imalat sanayi firmasının 2005 - 2017 dönemi verileri kullanılarak yapılan analizler sonucunda, imalat sanayi genelinde finansal performans ile çalışma sermayesi belirleyicileri arasında pozitif ve borç/özkaynak oranı arasında negatif yönlü bir ilişki bulunmuştur. Sonuçlar alt sektörlerde farklılık göstermekle birlikte, cari oran ve borç/özkaynak oranının finansal performans üzerinde yaygın etkisinin olduğu tespit edilmiştir.

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Cite This Article

AKTAŞ, R., KAYALIDERE, K., KARAGÖZOĞLU, G. (2022). COMPARATIVE INVESTIGATION OF THE RELATIONS HIP BETWEEN WORKING CAPITAL AND FINANCIAL PERFORMANCE ON THE SECTORS: BIST CASE. Muhasebe Bilim Dünyası Dergisi, Cilt: 21 - Sayı: 3, 628–655. https://ajindex.com/articles/582158

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References (3)

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