BİST Yıldız Endeksinde İşlem Gören Firmaların Kârlılıklarına Etki Eden Çalışma Sermayesi Faktörleri

Berk YILDIZ; Türker İlker DENİZ

Makale detayları

BİST Yıldız Endeksinde İşlem Gören Firmaların Kârlılıklarına Etki Eden Çalışma Sermayesi Faktörleri

Yazarlar:

Berk YILDIZ | Türker İlker DENİZ

Yayıncı:

Economic and Financial Research Association

Ana Başlıklar:

Yönetim

Dergi:

Journal of Research in Economics Politics and Finance 2020 Vol.5 Issue 1, pp.91-110

Belge Tipi:

Makale

Yayın Tarihi:

4/2020

Belge Dili:

Türkçe

Document ID (Org No.):

2000406052

eISSN:

2587-151X

Özet:

 


The aim of this study is to determine the working capital factors affecting the profitability of firms traded in Borsa Istanbul (Borsa Istanbul [BIST]) Stars Index. For this purpose, a literature review was conducted and the working capital components that commonly used in similar studies were determined and the existence of the effects of these components on the profitability of the BIST Stars Index firms was tested on two different models. In the first model, the dependent variable is the return on assets, while the other model's is the return on equity. Additionally, the annual data that obtained from the financial statements of the firms within the scope of the study for the period of 2010-2018 were analyzed by the panel data method. Findings showed that; asset turnover ratio, inventory turnover ratio, current assets to total assets ratio, and firm size have a positive effect on both return on assets and return on equity of BIST Stars Index firms, contrary to financial leverage ratio. However, no relationship was found between receivable turnover ratio, debt turnover ratio and cash conversion cycle and the profitability of BIST Stars Index firms.

.

Makale detayları

BİST Yıldız Endeksinde İşlem Gören Firmaların Kârlılıklarına Etki Eden Çalışma Sermayesi Faktörleri

Yazarlar: Berk YILDIZ | Türker İlker DENİZ

Yayıncı: Economic and Financial Research Association

Ana Başlıklar: Yönetim

Dergi: Journal of Research in Economics Politics and Finance 2020 Vol.5 Issue 1, pp.91-110

Belge Tipi: Makale

Yayın Tarihi: 4/2020

Belge Dili: Türkçe

Document ID (Org No.): 2000406052

eISSN: 2587-151X

Sayı

Yazarlar:

Berk YILDIZ | Türker İlker DENİZ

Yayıncı:

Economic and Financial Research Association

Ana Başlıklar:

Yönetim

Dergi:

Journal of Research in Economics Politics and Finance 2020 Vol.5 Issue 1, pp.91-110

Belge Tipi:

Makale

Yayın Tarihi:

4/2020

Belge Dili:

Türkçe

Document ID (Org No.):

2000406052

eISSN:

2587-151X