The Effect of Cash Conversion Cycle on Firm Profitability: An Application on Global Logistics Companies
Journal Title: Mehmet Akif Ersoy Üniversitesi Uygulamalı Bilimler Dergisi - Year 2019, Vol 3, Issue 2
Abstract
The word “logistikos” which comes from Greek and passes from French to our language, consists of the combination of English words logic and statistics. Although logistics is a military-oriented concept, it has become an important concept in other disciplines, especially in business. Depending on the rapid development and change experienced in communication, information and transporation sectors, the importance of logistic sector has increased and become one of the locomotive sector in the world. For this reason, the sector should be financially well managed and prepared to all possible risks. Working capital management of firm is very important against the risks which the financial developments bring with. In this study, panel data analysis was performed for 2009q1-2017q4 world’s 50 largest logistics companies which are sorted by “The Journal Of Commerce”. Data of study was obtained on Thomson Reuters Datastream. As a result of the study, a negative and significant relationship was found between cash conversion cycle and firm profitability.
Authors and Affiliations
Eyyüp Ensari ŞAHİN, Gizem VERGİLİ
Keywords
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- EP ID EP665769
- DOI 10.31200/makuubd.624946
- Views 131
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