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FORTUNE500'DE SEÇİLMİŞ İLK 50 TÜRK FİRMANIN NAKİT AKIŞ ORANLARININ FİRMANIN PERFORMANSI ÜZERİNE ETKİSİ

Yıl 2022, Cilt: 10 Sayı: 1, 59 - 71, 28.06.2022

Seda Aldemir Süleyman Serdar Karaca

Öz

Nakit akış tablosu, bir kuruluşun finansal performansının ayrılmaz bir göstergesidir. Dinamik nakit oranları, bir kuruluşun finansal farklılığını yansıtmayı destekler. Çalışmada, nakit dengesi ve likidite hakkında kesin bilgiyi yansıtması açısından Nakit Akış Tablosundan elde edilen oranlar kullanılmıştır. Bu çalışmanın amacı, Fortune 500'deki seçilmiş ilk 50 Türk firmasının performans farklılıklarını tahmin etmek için nakit akış oranlarının, nakit akış profillerine göre model2 ye giren firmalar ve diğerlerine (model3, model4, model6) giren firmaların etkinliğini analiz etmektir. Sonuç olarak, analiz sonuçlarına göre kullanılan değişkenlerden X6 değişkeni firmaların Model2’ye girmelerini etkileyen değişken olarak belirlenmiştir.

Anahtar Kelimeler

Nakit Akış Tablosu Nakit Akışlarının Sağlandığı Faaliyetler Modeli Firma Perdormansı Oran Analizi Etkinlik

Kaynakça

  • Beaver, W.H. (1966). Financial Ratios as predictors of failure. Journal of Accounting Research (Supplement): 71-111.
  • Beyazgül, M., ve Karadeniz, E. (2019). Futbol Kulüplerinin Nakit Akış Profillerinin Analizi: Uluslararası Bir Karşılaştırma. Muhasebe Ve Vergi Uygulamaları Dergisi, 12(3), 605-624.
  • Blank, I. (2012). Fundamentals of financial Management. 4th edition.
  • Brigham, E.F. ve Daves, P.R. (2002). Intermediate Financial Management, 7th ed. South-Western: Thompson Learning.
  • Brigham, E.F. ve Ehrhardt, M.C. (2002). Financial Management Theory and Practice. 10th ed. SouthWestern: Thompson Learning.
  • Bocharov, V.V. (2013). Financial planning and budgeting. St. Petersburg: Publishing house of St.Petersburg University, 90.
  • BW, S. B., ve Hamman, W. D. (2005). Cash flow patterns in listed south african industrial companies. Meditari Accountancy Research, 13(1), 1-17.
  • Carslaw, C.A. ve Mills, J.R. (1991). Developing ratios for effective cash flow statement analysis. Journal of Accountancy, November: 63-70.
  • Ciesielski, J.T. (1999). ‘Cash-flavoured’ earnings: bogus performance measure. The Analyst’s Accounting Observer, vol. 8(8):1-17.
  • Figlewicz, R.E. and Zeller, T.L. (1991) “An analysis of performance, liquidity, coverage and capital ratios from the statement of cash flows”, Akron Business and Economics Review, vol. 22, no. 1, pp. 64-81.
  • Figlewicz, R.E. ve Zeller, T.L. (1991). An analysis of performance, liquidity, coverage and capital ratios from the statement of cash flows. ABER, 22(1):64-81.
  • Gallinger, G.W. (1999). A framework for financial statement analysis part 1: Return-on-asset performance. Business Credit, vol. 102(2):40-43.
  • Giacomino, D.E. ve Mielke, D.E. (1988). Using the statement of Cash flows to analyze corporate performance. Management of Accounting, May: 54-57.
  • Giacomino, D.E. and Mielke, D.E. (1993) “Cash flows: Another approach to ratio analysis”, Journal of Accountancy, vol. 175, no. 3, pp. 55-58.
  • Güleç, Ö. F., ve Bektaş, T. (2019). Nakit Akış Oranı Analizi: Türkiye Örneği. Muhasebe Ve Finansman Dergisi, 247-262.
  • Gup, B.E. ve Samson, W.D. (1993). An analysis of patterns from the statement of cash flows. Financial Practice ve Education, 3(2):73-79.
  • Helen, K. (2002). The effect of lenders decision. The International Journal of Accounting, 37(3), 347- 362.
  • Henderson, J.W. ve Maness, T.S. (1989). The financial analyst’s deskbook: a cash flow approach to liquidity. New York: Van Nostrand Reinhold.
  • Karğın, M. ve Aktaş, R. (2011). Turkiye Muhasebe Standartlarına Gore Raporlanmıs Nakit Akıs Tablosu ve Analizi. Muhasebe ve Finansman Dergisi, 52, 1-25.
  • Kuffler, L.A. ve Leung, R.M. (1998). Rating criteria for global project and infrastructure developers. Journal of Project Finance, vol. 4(1):55-67.
  • Lovemore, F.C.H. ve Brummer, L.M. (2003). The ABC of Financial Management: An Introduction to Financial Management and Analysis. 2nd ed. Pretoria: Van Schaik.
  • Mills, J., ve Yamamura, J. H. (1998). The power of cash flow ratios. Journal of Accountancy, 186(4), 53.
  • Mulford, C.W. ve Comiskey, E.E. 1996. Financial warnings. New York: John Wiley
  • Palepu, K.G., Healy, P.M. ve Bernard, V.L. (2000). Business Analysis ve Valuation: Using Financial Statements. 2nd ed. Mason: Thompson Learning.
  • Rujoub, M.A., Cook, D.M. ve Hay, L.E. (1995). Using cash flow ratios to predict business failures. Journal of Managerial Issues, 7(1):75-91.
  • Samba, V., Siva, S. V., ve Anand, M. P. G. A Comparative Study on Cash Flow Statements of HDFC and SBI Banks. European Journal of Molecular ve Clinical Medicine, 7(8), 2020.
  • Schmidgall, R.S., Geller, A.N., and Ilvento, C. (1993) “Financial analysis using the statement of cash flows”, Cornell Hotel and Restaurant Administration Quarterly, vol. 34, no. 1, pp. 46-53.
  • Stanko, B.B. ve Zeller, T.L. (1993). Cash flow ratios to measure liquidity and performance for transportation manufacturing firms. Journal of Transportation Management, V(2):83-103.
  • Stickney, C.P. ve Brown, P.R. (1999). Financial Reporting and Statement Analysis. Ford Worth: Dreyden Press.
  • Zeller, T.L. ve Stanko, B.B. (1994). Operating cash flow ratios measure a retail firm’s “ability to pay”. Journal of Applied Business Research, 10(4):51-59.

THE EFFECT OF THE CASH FLOW RATIOS OF THE TOP 50 TURKISH COMPANIES SELECTED IN FORTUNE 500 ON THE PERFORMANCE OF THE COMPANY

Yıl 2022, Cilt: 10 Sayı: 1, 59 - 71, 28.06.2022

Seda Aldemir Süleyman Serdar Karaca

Öz

The cash flow statement is an integral indicator of an organization's financial performance. Dynamic cash ratios support reflecting an organization's financial diversity. In the study, the ratios obtained from the Statement of Cash Flows have been used in order to reflect precise information about the cash balance and liquidity. The aim of this study is to analyze the effectiveness of cash flow ratios, firms entering model2 and firms entering others (model3, model4, model6) according to their cash flow profiles, in order to predict the performance differences of the top 50 selected Turkish firms in the Fortune 500. As a result, According to the results of the analysis, the variable X6 which is one of the variables used has been determined as the variable that affected the companies' entry into Model2.

Anahtar Kelimeler

cash flow statement Cash Flow Operation Model Firm Performance Ratio Analysis Efficiency

Kaynakça

  • Beaver, W.H. (1966). Financial Ratios as predictors of failure. Journal of Accounting Research (Supplement): 71-111.
  • Beyazgül, M., ve Karadeniz, E. (2019). Futbol Kulüplerinin Nakit Akış Profillerinin Analizi: Uluslararası Bir Karşılaştırma. Muhasebe Ve Vergi Uygulamaları Dergisi, 12(3), 605-624.
  • Blank, I. (2012). Fundamentals of financial Management. 4th edition.
  • Brigham, E.F. ve Daves, P.R. (2002). Intermediate Financial Management, 7th ed. South-Western: Thompson Learning.
  • Brigham, E.F. ve Ehrhardt, M.C. (2002). Financial Management Theory and Practice. 10th ed. SouthWestern: Thompson Learning.
  • Bocharov, V.V. (2013). Financial planning and budgeting. St. Petersburg: Publishing house of St.Petersburg University, 90.
  • BW, S. B., ve Hamman, W. D. (2005). Cash flow patterns in listed south african industrial companies. Meditari Accountancy Research, 13(1), 1-17.
  • Carslaw, C.A. ve Mills, J.R. (1991). Developing ratios for effective cash flow statement analysis. Journal of Accountancy, November: 63-70.
  • Ciesielski, J.T. (1999). ‘Cash-flavoured’ earnings: bogus performance measure. The Analyst’s Accounting Observer, vol. 8(8):1-17.
  • Figlewicz, R.E. and Zeller, T.L. (1991) “An analysis of performance, liquidity, coverage and capital ratios from the statement of cash flows”, Akron Business and Economics Review, vol. 22, no. 1, pp. 64-81.
  • Figlewicz, R.E. ve Zeller, T.L. (1991). An analysis of performance, liquidity, coverage and capital ratios from the statement of cash flows. ABER, 22(1):64-81.
  • Gallinger, G.W. (1999). A framework for financial statement analysis part 1: Return-on-asset performance. Business Credit, vol. 102(2):40-43.
  • Giacomino, D.E. ve Mielke, D.E. (1988). Using the statement of Cash flows to analyze corporate performance. Management of Accounting, May: 54-57.
  • Giacomino, D.E. and Mielke, D.E. (1993) “Cash flows: Another approach to ratio analysis”, Journal of Accountancy, vol. 175, no. 3, pp. 55-58.
  • Güleç, Ö. F., ve Bektaş, T. (2019). Nakit Akış Oranı Analizi: Türkiye Örneği. Muhasebe Ve Finansman Dergisi, 247-262.
  • Gup, B.E. ve Samson, W.D. (1993). An analysis of patterns from the statement of cash flows. Financial Practice ve Education, 3(2):73-79.
  • Helen, K. (2002). The effect of lenders decision. The International Journal of Accounting, 37(3), 347- 362.
  • Henderson, J.W. ve Maness, T.S. (1989). The financial analyst’s deskbook: a cash flow approach to liquidity. New York: Van Nostrand Reinhold.
  • Karğın, M. ve Aktaş, R. (2011). Turkiye Muhasebe Standartlarına Gore Raporlanmıs Nakit Akıs Tablosu ve Analizi. Muhasebe ve Finansman Dergisi, 52, 1-25.
  • Kuffler, L.A. ve Leung, R.M. (1998). Rating criteria for global project and infrastructure developers. Journal of Project Finance, vol. 4(1):55-67.
  • Lovemore, F.C.H. ve Brummer, L.M. (2003). The ABC of Financial Management: An Introduction to Financial Management and Analysis. 2nd ed. Pretoria: Van Schaik.
  • Mills, J., ve Yamamura, J. H. (1998). The power of cash flow ratios. Journal of Accountancy, 186(4), 53.
  • Mulford, C.W. ve Comiskey, E.E. 1996. Financial warnings. New York: John Wiley
  • Palepu, K.G., Healy, P.M. ve Bernard, V.L. (2000). Business Analysis ve Valuation: Using Financial Statements. 2nd ed. Mason: Thompson Learning.
  • Rujoub, M.A., Cook, D.M. ve Hay, L.E. (1995). Using cash flow ratios to predict business failures. Journal of Managerial Issues, 7(1):75-91.
  • Samba, V., Siva, S. V., ve Anand, M. P. G. A Comparative Study on Cash Flow Statements of HDFC and SBI Banks. European Journal of Molecular ve Clinical Medicine, 7(8), 2020.
  • Schmidgall, R.S., Geller, A.N., and Ilvento, C. (1993) “Financial analysis using the statement of cash flows”, Cornell Hotel and Restaurant Administration Quarterly, vol. 34, no. 1, pp. 46-53.
  • Stanko, B.B. ve Zeller, T.L. (1993). Cash flow ratios to measure liquidity and performance for transportation manufacturing firms. Journal of Transportation Management, V(2):83-103.
  • Stickney, C.P. ve Brown, P.R. (1999). Financial Reporting and Statement Analysis. Ford Worth: Dreyden Press.
  • Zeller, T.L. ve Stanko, B.B. (1994). Operating cash flow ratios measure a retail firm’s “ability to pay”. Journal of Applied Business Research, 10(4):51-59.
Toplam 30 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Konular İşletme
Bölüm Makaleler
Yazarlar

Seda Aldemir 0000-0002-7655-0178

Süleyman Serdar Karaca 0000-0002-5424-5359

Yayımlanma Tarihi 28 Haziran 2022
Kabul Tarihi 27 Haziran 2022
Yayımlandığı Sayı Yıl 2022 Cilt: 10 Sayı: 1

Kaynak Göster

APA Aldemir, S., & Karaca, S. S. (2022). FORTUNE500’DE SEÇİLMİŞ İLK 50 TÜRK FİRMANIN NAKİT AKIŞ ORANLARININ FİRMANIN PERFORMANSI ÜZERİNE ETKİSİ. Journal of International Management Educational and Economics Perspectives, 10(1), 59-71.
AMA Aldemir S, Karaca SS. FORTUNE500’DE SEÇİLMİŞ İLK 50 TÜRK FİRMANIN NAKİT AKIŞ ORANLARININ FİRMANIN PERFORMANSI ÜZERİNE ETKİSİ. Journal of International Management Educational and Economics Perspectives. Haziran 2022;10(1):59-71.
Chicago Aldemir, Seda, ve Süleyman Serdar Karaca. “FORTUNE500’DE SEÇİLMİŞ İLK 50 TÜRK FİRMANIN NAKİT AKIŞ ORANLARININ FİRMANIN PERFORMANSI ÜZERİNE ETKİSİ”. Journal of International Management Educational and Economics Perspectives 10, sy. 1 (Haziran 2022): 59-71.
EndNote Aldemir S, Karaca SS (01 Haziran 2022) FORTUNE500’DE SEÇİLMİŞ İLK 50 TÜRK FİRMANIN NAKİT AKIŞ ORANLARININ FİRMANIN PERFORMANSI ÜZERİNE ETKİSİ. Journal of International Management Educational and Economics Perspectives 10 1 59–71.
IEEE S. Aldemir ve S. S. Karaca, “FORTUNE500’DE SEÇİLMİŞ İLK 50 TÜRK FİRMANIN NAKİT AKIŞ ORANLARININ FİRMANIN PERFORMANSI ÜZERİNE ETKİSİ”, Journal of International Management Educational and Economics Perspectives, c. 10, sy. 1, ss. 59–71, 2022.
ISNAD Aldemir, Seda - Karaca, Süleyman Serdar. “FORTUNE500’DE SEÇİLMİŞ İLK 50 TÜRK FİRMANIN NAKİT AKIŞ ORANLARININ FİRMANIN PERFORMANSI ÜZERİNE ETKİSİ”. Journal of International Management Educational and Economics Perspectives 10/1 (Haziran 2022), 59-71.
JAMA Aldemir S, Karaca SS. FORTUNE500’DE SEÇİLMİŞ İLK 50 TÜRK FİRMANIN NAKİT AKIŞ ORANLARININ FİRMANIN PERFORMANSI ÜZERİNE ETKİSİ. Journal of International Management Educational and Economics Perspectives. 2022;10:59–71.
MLA Aldemir, Seda ve Süleyman Serdar Karaca. “FORTUNE500’DE SEÇİLMİŞ İLK 50 TÜRK FİRMANIN NAKİT AKIŞ ORANLARININ FİRMANIN PERFORMANSI ÜZERİNE ETKİSİ”. Journal of International Management Educational and Economics Perspectives, c. 10, sy. 1, 2022, ss. 59-71.
Vancouver Aldemir S, Karaca SS. FORTUNE500’DE SEÇİLMİŞ İLK 50 TÜRK FİRMANIN NAKİT AKIŞ ORANLARININ FİRMANIN PERFORMANSI ÜZERİNE ETKİSİ. Journal of International Management Educational and Economics Perspectives. 2022;10(1):59-71.
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