The role of macroeconomic constraints on cash conversion cycle: evidence from the Turkish manufacturing sector

Ömer Doruk and Bahadır Ergün

Asia-Pacific Journal of Accounting & Economics, 2022, vol. 29, issue 4, 1063-1074

Abstract: The cash conversion cycle is a crucial firm-level factor in liquidity in sustainable firm growth; therefore, the effects of macroeconomic factors on cash conversion cycle have high importance to economic development and growth in developing countries, such as Turkey. Unlike previous studies, we use a set of different macroeconomic variables (growth volatility, inflation, and real exchange rate) to check the effects of macroeconomic variables on firms’ cash conversion cycle for the Turkish manufacturing sector in the 2006–2017 period. The obtained findings show that the cash conversion cycle is affected by macroeconomic factors in the Turkish manufacturing sector.

Date: 2022
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DOI: 10.1080/16081625.2019.1636665

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Asia-Pacific Journal of Accounting & Economics is currently edited by Yin-Wong Cheung, Hong Hwang, Jeong-Bon Kim, Shu-Hsing Li and Suresh Radhakrishnan

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