Does Cash Conversion Cycle Affect Firm Profitability? Evidence from the Listed Small and Medium-Sized Enterprises

Işıl Erem Ceylan (Uşak Üniversitesi, İşletme ve İdari Bilimler Fakültesi, İşletme Bölümü, Uşak, Türkiye)
Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi
3 1
Yıl: 2021 Cilt: 16 Sayı: 1 Sayfa Aralığı: 110 - 123 Metin Dili: İngilizce DOI: 10.17153/oguiibf.853862 İndeks Tarihi: 31-08-2021

Does Cash Conversion Cycle Affect Firm Profitability? Evidence from the Listed Small and Medium-Sized Enterprises

Öz:
Using a sample of 28 Small and Medium-Sized Enterprises (SMEs) listed in BIST Industrial Index from 2010 to 2019; this study aims to offer an evidence on the relationship between cash conversion cycle and profitability. Empirical findings show that cash conversion cycle has significantly positive link with profitability. When considered the cash conversion cycle components, it is seen that there is a statistically significant and negative relationship between profitability and two of cash conversion cycle components, such as days inventory outstanding and days payable outstanding. Moreover, the study also reveals a negative relationship between days sales outstanding and profitability, but it is not statistically significant.
Anahtar Kelime:

Nakit Dönüş Süresi Firma Kârlılığını Etkiler mi? Küçük ve Orta Ölçekli Halka Açık Firmalara Yönelik Bir Uygulama

Öz:
Bu çalışmada Borsa Istanbul KOBİ Sanayi Endeksi’ne kayıtlı 28 küçük ve orta ölçekli işletmeye ait finansal veriler ışığında nakit dönüş süresi ile kârlılık arasındaki ilişki ele alınmıştır. 2010-2019 dönem aralığının dikkate alındığı çalışmadan elde edilen ampirik bulgular nakit dönüş süresi ile kârlılık arasında pozitif bir ilişki olduğunu göstermiştir. Nakit dönüş süresi bileşenleri genelinde bakıldığında ise, kârlılık ile stok dönüş süresi ve borç ödeme süresi arasında istatistiksel olarak anlamlı ve negatif bir ilişki olduğu görülmüştür. Diğer taraftan alacak tahsil süresinin de kârlılık üzerinde negatif bir etkiye sahip olduğu, ancak söz konusu ilişkinin istatistiksel olarak anlamlı olmadığı tespit edilmiştir.
Anahtar Kelime:

Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık
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APA EREM CEYLAN I (2021). Does Cash Conversion Cycle Affect Firm Profitability? Evidence from the Listed Small and Medium-Sized Enterprises. , 110 - 123. 10.17153/oguiibf.853862
Chicago EREM CEYLAN IŞIL Does Cash Conversion Cycle Affect Firm Profitability? Evidence from the Listed Small and Medium-Sized Enterprises. (2021): 110 - 123. 10.17153/oguiibf.853862
MLA EREM CEYLAN IŞIL Does Cash Conversion Cycle Affect Firm Profitability? Evidence from the Listed Small and Medium-Sized Enterprises. , 2021, ss.110 - 123. 10.17153/oguiibf.853862
AMA EREM CEYLAN I Does Cash Conversion Cycle Affect Firm Profitability? Evidence from the Listed Small and Medium-Sized Enterprises. . 2021; 110 - 123. 10.17153/oguiibf.853862
Vancouver EREM CEYLAN I Does Cash Conversion Cycle Affect Firm Profitability? Evidence from the Listed Small and Medium-Sized Enterprises. . 2021; 110 - 123. 10.17153/oguiibf.853862
IEEE EREM CEYLAN I "Does Cash Conversion Cycle Affect Firm Profitability? Evidence from the Listed Small and Medium-Sized Enterprises." , ss.110 - 123, 2021. 10.17153/oguiibf.853862
ISNAD EREM CEYLAN, IŞIL. "Does Cash Conversion Cycle Affect Firm Profitability? Evidence from the Listed Small and Medium-Sized Enterprises". (2021), 110-123. https://doi.org/10.17153/oguiibf.853862
APA EREM CEYLAN I (2021). Does Cash Conversion Cycle Affect Firm Profitability? Evidence from the Listed Small and Medium-Sized Enterprises. Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi, 16(1), 110 - 123. 10.17153/oguiibf.853862
Chicago EREM CEYLAN IŞIL Does Cash Conversion Cycle Affect Firm Profitability? Evidence from the Listed Small and Medium-Sized Enterprises. Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi 16, no.1 (2021): 110 - 123. 10.17153/oguiibf.853862
MLA EREM CEYLAN IŞIL Does Cash Conversion Cycle Affect Firm Profitability? Evidence from the Listed Small and Medium-Sized Enterprises. Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi, vol.16, no.1, 2021, ss.110 - 123. 10.17153/oguiibf.853862
AMA EREM CEYLAN I Does Cash Conversion Cycle Affect Firm Profitability? Evidence from the Listed Small and Medium-Sized Enterprises. Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi. 2021; 16(1): 110 - 123. 10.17153/oguiibf.853862
Vancouver EREM CEYLAN I Does Cash Conversion Cycle Affect Firm Profitability? Evidence from the Listed Small and Medium-Sized Enterprises. Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi. 2021; 16(1): 110 - 123. 10.17153/oguiibf.853862
IEEE EREM CEYLAN I "Does Cash Conversion Cycle Affect Firm Profitability? Evidence from the Listed Small and Medium-Sized Enterprises." Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi, 16, ss.110 - 123, 2021. 10.17153/oguiibf.853862
ISNAD EREM CEYLAN, IŞIL. "Does Cash Conversion Cycle Affect Firm Profitability? Evidence from the Listed Small and Medium-Sized Enterprises". Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi 16/1 (2021), 110-123. https://doi.org/10.17153/oguiibf.853862
Sayfa Oluşturulma Tarihi
24-04-2024 18:33

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