Is Cash Conversion Cycles Optimum in Turkish Listed Food-Beverage Firms?

Autor:	Filiz KONUK, Feyyaz ZEREN
Jazyk:	angličtina
Rok vydání:	2014
Předmět:	Cash Conversion Cycles Non-Linear Panel Unit Root Test Sequential Panel Selection Method Food and Beverage Sector Turkey Business HF5001-6182 Economic theory. Demography HB1-3840 Economics as a science HB71-74
Zdroj:	Theoretical and Applied Economics, Vol XXI, Iss 12, Pp 153-164 (2014)
Druh dokumentu:	article
ISSN:	1841-8678 1844-0029
Popis:	In this study, the optimality of cash conversion cycles of firms at foodbeverage index of BIST (Istanbul Stock Market) is investigated. Panel KSS unit root test developed by Uçar and Omay (2009), which is suitable for heterogeneous panels & for non-linear financial series and taking into account cross sectional dependence, is used in study with quarterly data spanning the period 2008-2013. Cash levels of 13 firms among 15 are observed non-optimal by the aid of Sequential Panel Selection Method (SPSM) developed by Chortareas and Kapetanios (2009). This results show most firms at food-beverage index do not pursue a balanced working capital policy.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/935f03ed19614eaabcf037d4cf4e0ea1 Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF