Cash vs. net working capital as strategic tools for the long-term relation between bank credits and liquidity: Inequalities in Turkey
Yükleniyor...
Dosyalar
Tarih
2016
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Elsevier Science Bv
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
Cash and net working capital are among corporate liquidity indicators which are generally compared with the short-term bank credits. The study reveals both the short and the long-term bank credits and their reflections on the cash, working capital and the short-term liabilities of the businesses in the long-run. The bank credits as a financing resource of the real sector (nonfinancial) businesses in Turkey with their effects on cash and net working capital are assessed in order to make comparisons on the total data of the businesses selected from all of the sectors for the case of Turkey in the long-run (1996-2014) in the study. The study endorses the strategic relation between bank credit usage and liquidity levels of the businesses so as to improve timely accessibility and creditability. In the findings, we confirm that cash-cash equivalents and net working capital have impacts on the level of bank credits in the long-term. Finally, the study endorses the strategic relation of bank credit and liquidity by inequalities. (C) 2016 The Authors. Published by Elsevier Ltd.
Açıklama
12th International Strategic Management Conference (ISMC) -- OCT 28-30, 2016 -- Antalya, TURKEY
Anahtar Kelimeler
Strategic business finance, cash, net working capital, bank credits, inequalities, Empirical-Analysis, Financial Ratios, Risk
Kaynak
12th International Strategic Management Conference, Ismc 2016
WoS Q Değeri
N/A
Scopus Q Değeri
Cilt
235
