http://hdl.handle.net/20.500.12474/27 2026-04-14T15:54:03Z http://hdl.handle.net/20.500.12474/63 The Impacts of Changes in Macro-Economic Data on Net Working Capital: The Case of Turkey's Industrial Sector Çelik, Reşit; Bilen, Bahar; Bilen, Ömer Ability to pay of a company's short term liabilities is closely related to its strong liquidity structure. One of the most important factors affecting the liquidity of a company is operating cycle. The main factors that determine the operating cycle of the company is its stock supply term, production stage time and debt payment due. These factors determine the amount of net working capital. Net working capital is calculated by subtracting current liabilities from short term liabilities and the management of net working capital is extremely important for the liquidity of a company. Many businesses may have financial difficulty even go bankrupt tragically due to miscalculation net working capital need or incorrect financial resources to finance to the net working capital need. In this study, it is intended to analyse the effects of changes in macroeconomic data over net working capitals of enterprises. For this purpose it has been calculated net working capital of the industrial market by using its sectoral balance sheet which was issued by Central Bank of the Turkish Republic for period of 1996-2014. The later it has been determined positive and negative trends of sector's net working capital by years and modelled for inflation, exchange rates and interest rates to determine if these macro-economic variables effect on net working capital of the industrial market. 2016-01-01T00:00:00Z http://hdl.handle.net/20.500.12474/62 Drivers of Corporate Social Responsibility Disclosures: Evidence from Turkish Banking Sector Akın, Ahmet; Yılmaz, İlker Traditionally, the primary objective of financial management is known as the maximization of shareholder wealth. Companies are also responsible for the interests of stakeholders and society at large. The concept which describes this new approach is called as "Corporate Social Responsibility" (CSR). It is an interdisciplinary and multidimensional concept. Companies disclose theirCSR activities through annual reports or a special CSR report. Measurement of social performance is a subjective and judgmentalissue, and one of the methods for this purpose is to score companies based on their CSR disclosures. The level and quality ofCSR disclosures depend on several factors. We search for the relationship between CSR disclosure scores and corporate governance related bank characteristics by considering five dimensions of CSR. We find out that stock exchange listing, ownership and bank type influence the CSR disclosure of banks. 2016-01-01T00:00:00Z