The Effect of Cash Conversion Cycle on the Companies’ Capital Structure:An Investigation on BİST Listing Cement Sector Companies

Tuba Derya-Baskan and İlkut Elif Kandi̇l-Göker

Sosyoekonomi Journal, 2018, issue 26(38)

Abstract: In the financial planning process of companies during an operating period the sector concerned is important. Companies want their capital and debts ratio to get assets and direct their capital to the right investment preferences while fulfilling their activities. One of the most important factors in order for these processes to be realized is the receipt of receivables arising from the sale of stocks in advance or futures and the provision of cash inflows to companies. In this study, it was tried to determine the effect of the operation rates of the companies on the capital structure. At this stage, attempts have been made to measure how receivables, stocks and cash management are affected by the capital structure of companies. For this reason, how the cement industry’s receivables, stocks and cash management, which are registered in the BİST in Turkey, will change the capital structure has been analyzed by Panel Data models. A positive relationship between the cash conversion cycle period and the capital structure has been identified.

JEL-codes: M42 O16 P45 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://dergipark.gov.tr/download/article-file/519510

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sos:sosjrn:180401

Access Statistics for this article

More articles in Sosyoekonomi Journal from Sosyoekonomi Society Cihan St. 27/7 06430 Sihhiye Ankara Turkey.
Bibliographic data for series maintained by Aysen Sivrikaya ().