EFFECT OF WORKING CAPITAL MANAGEMENT ON FIRM PERFORMANCE

Q2 Economics, Econometrics and Finance
Hasan Kargin, Selcuk Alp
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引用次数: 0

Abstract

Purpose- This study aims to examine the impact of working capital management on firm performance using panel data analysis and BIST 100 company data. Methodology- The dependent variable is return on assets (ROA), while the independent variables are the cash conversion cycle (CCC) and firm size. By analyzing a comprehensive dataset, which includes financial information of companies listed on the BIST 100, this research investigates how efficiently firms manage their working capital and the subsequent effect on their performance. Findings- The panel data analysis allows for a robust examination of the relationship, considering both time-series and cross-sectional variations in the data. Conclusion- The findings of this study have significant implications for practitioners and policymakers as they shed light on the importance of working capital management in enhancing firm performance. Moreover, by examining the impact of CCC and firm size, the study provides valuable insights into the specific factors that contribute to the relationship between working capital management and firm performance in the context of the BIST 100 companies. Keywords: working capital management, firm performance, BIST 100, panel data analysis JEL Codes: M41, M42
营运资金管理对企业绩效的影响
目的-本研究旨在使用面板数据分析和BIST 100公司数据来检验营运资金管理对公司绩效的影响。方法-因变量是资产收益率(ROA),而自变量是现金转换周期(CCC)和公司规模。通过分析一个综合数据集,其中包括在BIST 100上市公司的财务信息,本研究调查了企业如何有效地管理其营运资金及其对其绩效的后续影响。研究结果-考虑到数据的时间序列和横截面变化,面板数据分析允许对关系进行强有力的检查。结论-本研究的发现对从业者和政策制定者具有重要意义,因为它们阐明了营运资金管理在提高公司绩效方面的重要性。此外,通过检查CCC和公司规模的影响,本研究为在BIST 100家公司的背景下影响营运资金管理和公司绩效之间关系的具体因素提供了有价值的见解。关键词:营运资金管理,企业绩效,BIST 100,面板数据分析JEL代码:M41, M42
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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