Doruk, Omer TugsalErgun, Bahadir2025-04-092025-04-0920221608-16252164-225710.1080/16081625.2019.16366652-s2.0-85068625321https://doi.org/10.1080/16081625.2019.1636665https://hdl.handle.net/20.500.14669/3713The 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.eninfo:eu-repo/semantics/closedAccessCash conversion cycleliquidity managementmacroeconomic factorsTurkish manufacturing sectorpanel dynamic GMM modelArticle10744Q3106329WOS:000474963200001Q4