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Veli Akel
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Yuksel Iltas
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| Özet |
| This paper aims to analyze the effects of macroeconomic indicators on working capitals of main metal commodities, food, chemistry, textile, and technology sectors and make a comparison between those sectors. Within this scope, at what level gross domestic product, industrial production index, consumer price index, exchange rates, interest rate and supply of money affected the working capital elements of sectors (current assets/total assets, accounts receivable turnover, inventory turnover, cash conversion cycle and current ratio) in the 2003-2013 term was analyzed by using the methods of panel data (panel unit root, panel cointegration and estimation of long-term coefficients). Results indicate a relation for long-term cointegration between macroeconomic indicators and the designed models, except the cash conversion cycle model. Our findings show that macroeconomic indicators have an effect on levels of working capital. |
| Anahtar Kelimeler |
| Working capital, working capital management, macroeconomic indicators, panel data analysis, cointegration |
| Makale Türü | Özgün Makale |
| Makale Alt Türü | ESCI dergilerinde yayımlanan tam makale |
| Dergi Adı | ESKISEHIR OSMANGAZI UNIVERSITESI IIBF DERGISI-ESKISEHIR OSMANGAZI UNIVERSITY JOURNAL OF ECONOMICS AND ADMINISTRATIVE SCIENCES |
| Dergi ISSN | 1306-6730 |
| Makale Dili | İngilizce |
| Basım Tarihi | 12-2016 |
| Cilt No | 11 |
| Sayı | 3 |
| Sayfalar | 39 / 70 |
