Cash Conversion Cycle Analysis in the Food Sector: The Cases of Turkey and the United States

Aclan Omağ
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Aclan Omağ: Marmara University

Journal of Finance Letters (Maliye ve Finans Yazıları), 2009, vol. 24, issue 83, 45-58

Abstract: Cash management is crucial for national and international firms. Cash requirements have been increasing because of the glo- bal financial crisis. In this article, the cash conversion cycles of Turk- ish and US SMEs in the food industry are analysed during 2002- 2007. The results indicate that the volatility of the cash conversion cycle for Turkish SMEs is higher than US counterparts. This is due to poor economic conditions, lack of cash management policy, inter- nal and industrial factors.

Keywords: Cash management; cash conversion cycle; food industry; small and medium sized enterprises (SMEs) (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:24:y:2009:i:83:p:45-58

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