THE EVALUATION OF WORKING CAPITAL IN AIRLINE COMPANIES WHICH PROCEED IN BIST
DOI:
https://doi.org/10.26458/jedep.v5i1.139Keywords:
Working capital, airline companies, BISTAbstract
The working capital like cash and liquid assets runs the facilities and supports daily activities of firms. This kind of capital is essential to continuity of activities, increase of volume, maintain credibility, reduce impacts of risks and to overcome with extraordinary situation. The working capital management is very important for making profits from activities, especially for dynamic sectors like aviation.The aviation industry which airline companies operate is a very dynamic sector. In this sector working capital has to be managed very professionally and carefully by airline companies. This study aims to assess the airline companies’ working capital in terms of effectiveness. Airline companies which shares traded on BIST will be sample of this study.References
REFERENCES
Akgüç, Öztin. 1998, Finansal Yönetim, İstanbul: Avcıol Basım-Yayın.
Ammons, Janice L. Martin L. Gosman. 2012, “Cautions When Using Working Capital Metrics to Assess Firms’ Financial Health”, Journal of the International Academy for Case Studies, V.18, N.3, pp.11-14.
Apak, Sudi. Engin Demirel. 2013, Finansal Yönetim Cilt 2: Finansal Tablolar Analizi ve Yatırım Yönetimi, İstanbul: Papatya Yayıncılık.
Aydın, Nurhan. Coşkun, Metin. Bakır, Hasan. Ceylan, Ali. Başar, Mehmet. 2004, Finansal Yönetim, Eskişehir: Anadolu Üniversitesi Yayınları.
Aygün, Mehmet. 2012, “Firma Performansı Üzerinde Çalışma Sermayesinin Etkisi: Türk İmalat Sektörü Üzerine Bir Uygulama”, Ege Akademik Bakış, V.12, pp.215-223.
Baghiyan, Fatemeh. 2013, "The Impact of Working Capital Management on Management Performance." Journal of Behavioural Economics Finance Entrepreneurship Accounting and Transport, V:1(1), pp.13-14.
Bartram, Peter. 2013, “8 Ways to Improve Working Capital”, Financial Management, July/August 2013, pp.42-43.
Caballero, Sonia Banos. Pedro J. Garcia Teruel. Pedro Martinez Solano. 2014, “Working Capital Management, Corporate Performance and Financial Constraints”, Journal of Business Research, V.67 (3), pp:332-338.
Coşkun, Ender. Dündar Kök. 2011, “Çalışma Sermayesi Politikalarının Karlılık Üzerine Etkisi: Dinamik Panel Uygulaması”, Ege Akademik Bakış, V.11, pp.75-85.
Çelik, İsmail. Namıka Boyacıoğlu. 2013, “The Impact of Fixed Assets Expenditures On Working Capital Management: An Application On Manufacturing Coorperations In Istanbul Stock Exchange”, Süleyman Demirel Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, Y.1, V:17 pp.81-99.
Ercan, Metin. Ünsal Ban. 2005, Değere Dayalı İşletme Finansı, Finansal Yönetim, Ankara: Gazi Kitapevi.
Garanti Bankası, Report Para Garanti, “Mali Tablolar”, Source: http://report.paragaranti.com/malitablo/MaliTablolar_3.aspx?hisse=PGSUS (Accessed on: 28 March 2014).
Kamuyu Aydınlatma Platformu (KAP), “Finansal Tablolar”, Kaynak: http://www.kap.gov.tr/ (Accessed on: 28 March 2014).
Lazaridis, Ioannis. Tryfonidis, Dimitrios. 2006, “Relationship Between Working Capital Management and Profitability of Listed Companies in the Athens Stock Exchange”, Journal of Financial Management and Analysis, V.19(1), pp.26-35.
Morrell, Peter. 2007, Airline Finance, Oxon: Ashgate Publishing.
Muhammad, Malik. Wassem Ullah Jan. Kifayat Ullah. 2012, “Working Capital Management and Profitability an Analysis of Firms of Textile Industry of Pakistan”, Journal of Managerial Sciences, V. 6 N. 2, pp.155-165.
Poyraz, Erkan. 2012, “İşletme Sermayesi Finanslama Stratejilerinin Karlılık Oranları Üzerindeki Etkisi (Akbank T.A.Ş. Uygulaması)”, Dokuz Eylül Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, V:27, N.1, pp.47-56.
Rehn, Eric. 2012, Effects of Working Capital Management on Company Profitability, Helsinlki: Department of Accounting Hanken School of Economics.
Saldanlı, Arif. 2012, “Likidite ve Karlılık Arasındaki İlişki-İMKB 10 İmalat Sektörü Üzerine Ampirik Bir Çalışma”, Süleyman Demirel Üniversitesi Sosyal Bilimler Enstitüsü Dergisi V.16 (2), pp.167-176.
Şahin, Osman. 2011, “İMKB’ye Kayıtlı İmalat Şirketlerinde Çalışma Sermayesi Politikaları ve Firma Performans İlişkileri”, EskişehirOsmangazi Üniversitesi İİBF Dergisi, V.6(2), pp.123‐141.
Türko, R.Metin. 1999, Finansal Yönetim, İstanbul: Alfa Basım Yayım Dağıtım.
http://report.paragaranti.com/malitablo/MaliTablolar_3.aspx?hisse=PGSUS (Accessed on: 28 March 2014).
http://www.kap.gov.tr/ (Accessed on: 28 March 2014).
Additional Files
Published
How to Cite
Issue
Section
License
Journal of Economic Development, Environment and People by Authors is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Based on a work at http://ojs.spiruharet.ro/index.php/jedep/issue/archive.
