The role of macroeconomic constraints on cash conversion cycle: evidence from the Turkish manufacturing sector
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Tarih
2022
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Routledge Journals, Taylor & Francis Ltd
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
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.
Açıklama
Anahtar Kelimeler
Cash conversion cycle, liquidity management, macroeconomic factors, Turkish manufacturing sector, panel dynamic GMM model
Kaynak
Asia-Pacific Journal of Accounting & Economics
WoS Q Değeri
Q4
Scopus Q Değeri
Q3
Cilt
29
Sayı
4
