THE RELATIONSHIP BETWEEN WORKING CAPITAL AND ECONOMIC VALUE ADDED: A RESEARCH IN BORSA İSTANBUL
Journal Title: Muhasebe ve Vergi Uygulamaları Dergisi - Year 2019, Vol 12, Issue 1
Abstract
Many of the studies about the impact of working capital on profitability have found a significant relationship between cash conversion cycle and its components with profitability. In addition, the difference between working capital and short-term liabilities is net working capital that is expressed also as employed capital which is the sum of net working capital and fixed assets. The relationship between working capital, profitability and net working capital can be evidence that the effect of the working capital on performance measurement methods may also be influenced. The purpose of this study is to investigate the effect of working capital components on the Economic Value Added (EVA). BIST manufacturing sector companies which are listed from 2009 to 2016 are in the scope of analysis. Multiple regression models have been developed as analysis method. Independent variables are net working capital, days receivables outstanding, days inventory outstanding, days payables outstanding and cash conversion cycle. The dependent variable is EVA. Also control variables include firm size, leverage ratio and current ratio.
Authors and Affiliations
Emre KAPLANOĞLU, Canan YÜKÇÜ
Keywords
Related Articles
- EP ID EP414612
- DOI 10.29067/muvu.340632
- Views 126
- Downloads 0
EVALUATION OF THE FINANCIAL PERFORMANCE OF SPORTS COMPANIES USING RATIO ANALYSIS: AN APPLICATION ON SPORT COMPANIES IN BORSA ISTANBUL (BIST)
The aim of this study is to analyze financial performance of four sport companies whose shares are traded in Borsa Istanbul by using ratio analysis. In the analysis result, it is ascertained that sport companies face wit...
FUZZY TIME DRIVEN ACTIVITY BASED COSTING SYSTEM: AN IMPLEMENTATION IN A HOSPITAL
Cost calculation is important for the provision of more efficient health services to public. Hospital services are complicated enough to affect the results of service activities. Thus, the determination of cost drivers...
DAİMİ İŞYERİ STATÜSÜNDEN KAÇINMAYI ÖNLEMEDE YENİ ULUSLARARASI YAKLAŞIM
In the recent times, we are witnessing a period in which international tax issues are deeply discussed than ever before. Excessive base erosion and profit shifting (initiatives) as a consequence of weakness and problems...
COST AND PRICING SUGGESTIONS FOR AIRLINE INDUSTRY
Nowadays passenger transportation by airlines has become an increasingly important service. Airline companies under intense competition, apply different attempts to keep their customers while retaining their profitabilit...
SAGIS IN UYGHURS IN THE LIGHT OF HISTORICAL DOCUMENTS
The Uyghur State, established in the eighth century AD and known as the first Turkish state to adopt a settled life, is the state most interested in trade within the pre-Islamic Turkish states. This is considered to be a...