TRADE RECEIVABLES COLLECTION PERIOD AND FIRM VALUE: EVIDENCE FROM LISTED TURKISH INDUSTRIALS

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dc.contributor.authorAdiguzel, Guldehen
dc.date.accessioned2024-07-18T20:07:02Z
dc.date.available2024-07-18T20:07:02Z
dc.date.issued2022
dc.departmentİstanbul Billgi Üniversitesien_US
dc.description.abstractThis paper shows that average collection period of trade receivables (ACP) and a deterioration in the credit quality of trade receivables both have negative effect on firm value. Evidence is based on Turkish industrial firms listed on Borsa Istanbul over 2005-2017 period. The effect exists only for firms whose average collection period increased by more than thirty days within the last one to three years. Similarly, the value consequence of ACP holds for high-profit firms, but not for low-profit firms. This study utilizes system generalized method of moments in all estimations and treats trade receivable policy variables as endogenous due to omitted variable bias concerns. Overall, findings suggest a destructive effect of lengthened deferred payment terms on firm value specifically for high-profit firms and for firms with a historical upward trend in ACP.en_US
dc.identifier.doi10.31460/mbdd.904086
dc.identifier.endpage152en_US
dc.identifier.issn1302-258X
dc.identifier.issn2564-7164
dc.identifier.issue1en_US
dc.identifier.startpage132en_US
dc.identifier.trdizinid1131212en_US
dc.identifier.urihttps://doi.org/10.31460/mbdd.904086
dc.identifier.urihttps://search.trdizin.gov.tr/yayin/detay/1131212
dc.identifier.urihttps://hdl.handle.net/11411/5744
dc.identifier.volume24en_US
dc.indekslendigikaynakTR-Dizinen_US
dc.language.isoenen_US
dc.relation.ispartofMuhasebe Bilim Dünyası Dergisien_US
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.titleTRADE RECEIVABLES COLLECTION PERIOD AND FIRM VALUE: EVIDENCE FROM LISTED TURKISH INDUSTRIALS
dc.typeArticle

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