dc.contributor.author | Açıkgöz, Ali Faruk | |
dc.contributor.author | Apak, Sudi | |
dc.contributor.author | Apergis, Nicholas | |
dc.contributor.author | Uzunoğlu, Sadi | |
dc.date.accessioned | 2022-05-11T14:47:24Z | |
dc.date.available | 2022-05-11T14:47:24Z | |
dc.date.issued | 2018 | |
dc.identifier.issn | 1985-2517 | |
dc.identifier.issn | 2042-5856 | |
dc.identifier.uri | https://doi.org/10.1108/JFRA-01-2017-0001 | |
dc.identifier.uri | https://hdl.handle.net/20.500.11776/10491 | |
dc.description.abstract | Purpose This paper aims to focus on the absence of a direct criterion for the ideal level of net working capital (NWC) for which Acikgoz (2014) theoretically demonstrates that this NWC can be treated in a manner that allows the assessment of repayments. The study presents and discusses a new multiplier (i.e. the afa coefficient), defined as the ratio of cash equivalents ratio to NWC, measured as the percentage of short-term liabilities (Acikgoz, 2014). In other words, the study explores whether NWC could be an indicator of the ratios of corporate short-term bank credit to STL and of bank credit to total assets. Design/methodology/approach Sectoral panel regressions are used in the case of Turkey, spanning the period 1996-2013, on data obtained from the Central Bank of Turkey. Through second-generation panel unit root tests for cross-section dependence and panel cointegration methodologies, the results illustrate the statistical significance of the CD statistics, indicating the presence of cross dependence, the presence of non-stationary variables and the presence of a long-run association for the variables under study. Findings The findings document that a transformed variable of NWC is more substantive than the explicatory quality of the current ratio and may potentially be used in the prediction of bank credit in corporate liabilities. Originality/value The afa coefficient shows the ratio of liquid assets to NWC as a percentage of STL. The results illustrate that this coefficient plays a significant role for corporate bank credit usage in the case of the Turkish sectoral analysis. | en_US |
dc.language.iso | eng | en_US |
dc.publisher | Emerald Group Publishing Ltd | en_US |
dc.identifier.doi | 10.1108/JFRA-01-2017-0001 | |
dc.rights | info:eu-repo/semantics/closedAccess | en_US |
dc.subject | Bank credit | en_US |
dc.subject | afa coefficient | en_US |
dc.subject | Corporate liquidity | en_US |
dc.subject | Net working capital | en_US |
dc.subject | Medium-Sized Enterprises | en_US |
dc.subject | Empirical-Analysis | en_US |
dc.subject | Financial Ratios | en_US |
dc.subject | Cash-Flow | en_US |
dc.subject | Determinants | en_US |
dc.subject | Costs | en_US |
dc.subject | Tests | en_US |
dc.subject | Model | en_US |
dc.subject | Firms | en_US |
dc.subject | Lines | en_US |
dc.title | The role of the AFA coefficient as a new criterion in the long-run liaison between corporate liquidity and bank credit: Evidence from Turkey | en_US |
dc.type | article | en_US |
dc.relation.ispartof | Journal of Financial Reporting and Accounting | en_US |
dc.department | Meslek Yüksekokulları, Sosyal Bilimler Meslek Yüksekokulu, Muhasebe ve Vergi Bölümü | en_US |
dc.authorid | 0000-0002-6426-983X | |
dc.identifier.volume | 16 | en_US |
dc.identifier.issue | 2 | en_US |
dc.identifier.startpage | 274 | en_US |
dc.identifier.endpage | 291 | en_US |
dc.institutionauthor | Açıkgöz, Ali Faruk | |
dc.relation.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | en_US |
dc.authorscopusid | 55208368400 | |
dc.authorscopusid | 24075356500 | |
dc.authorscopusid | 6701803017 | |
dc.authorscopusid | 57198250730 | |
dc.authorwosid | Acikgoz, Ali Faruk/O-7252-2017 | |
dc.authorwosid | Apak, Sudi/AAM-1310-2020 | |
dc.identifier.wos | WOS:000432933300001 | en_US |
dc.identifier.scopus | 2-s2.0-85061910325 | en_US |