文章基本信息

标题：Cash vs. Net Working Capital as Strategic Tools for the Long-term Relation between Bank Credits and Liquidity: Inequalities in Turkey
本地全文：下载
作者：Sudi Apak ; Sudi Apak ; Ali Faruk Açıkgöz 等
期刊名称：Procedia - Social and Behavioral Sciences
印刷版ISSN：1877-0428
出版年度：2016
卷号：235
页码：648-655
DOI：10.1016/j.sbspro.2016.11.046
语种：English
出版社：Elsevier
摘要：Abstract 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.
关键词：Strategic business finance;cash;net working capital;bank credits;inequalities.