Working Capital Management, Performance And Market Value Of Logistics Companıes Listed On Borsa Istanbul

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dc.authorid233740en_US
dc.contributor.authorNarman, Kuzucu
dc.date.accessioned2021-01-22T14:25:54Z
dc.date.available2021-01-22T14:25:54Z
dc.date.issued2019
dc.departmentİstanbul Beykent Üniversitesien_US
dc.description.abstractIn this research, we aim to examine the influence of working capital management on performance and market value of companies in logistics industry. We use a panel data analysis methodology with a data set covering eight logistics companies listed on Borsa Istanbul in the period 2009 to 2018. In order to estimate the relationship between working capital management and performance of companies we use return on assets (ROA) and market to book value (MB) as dependent variables in the research models. The main results indicate that net working capital (NWC) is not related to current year’s profitability, but with a time lag, it is positively related to next year’s profitability. Contrarily, NWC is negatively associated with MB of logistics companies. Financial leverage, which is one the control variables, is found statistically significant, and the relationship between leverage and profitability is negative. Leverage is positively associated with MB. The results suggest that leveraged companies are more likely to obtain less return or to suffer from losses; however, leverage enhances firms’ market value. Considering the limitations related to the research period and the number of logistics firms listed on Borsa Istanbul, the results should be interpreted with some caution.en_US
dc.identifier.citationBeykoz Akademi Dergisi, 2019; Özel Sayıen_US
dc.identifier.doi10.14514/BYK.m.26515393.2019.sp/86-99
dc.identifier.issn2148-2942
dc.identifier.trdizinid355210en_US
dc.identifier.urihttps://search.trdizin.gov.tr/yayin/detay/355210
dc.identifier.urihttps://doi.org/10.14514/BYK.m.26515393.2019.sp/86-99
dc.indekslendigikaynakTR-Dizinen_US
dc.language.isoenen_US
dc.publisherBeykoz Üniversitesien_US
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.subjectleverageen_US
dc.subjectlogistics industryen_US
dc.subjectnet working capitalen_US
dc.subjectperformanceen_US
dc.subjectworking capital managementen_US
dc.titleWorking Capital Management, Performance And Market Value Of Logistics Companıes Listed On Borsa Istanbulen_US
dc.typeArticleen_US

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