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Investigating the Symmetric Effects of Working Capital on Profitability in Turkish Banking: An ARDL Empirical Analysis

Studia Universitatis Vasile Goldiş Arad. Seria ştiinţe economice, 2024-03, Vol.34 (1), p.74-97 [Peer Reviewed Journal]

2024. This work is published under https://creativecommons.org/licenses/by/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. ;ISSN: 2285-3065 ;ISSN: 1584-2339 ;EISSN: 2285-3065 ;DOI: 10.2478/sues-2024-0004

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Title:
Investigating the Symmetric Effects of Working Capital on Profitability in Turkish Banking: An ARDL Empirical Analysis
Author: Raza, Ali ; Tursoy, Turgut ; Shaikh, Erum ; Shaikh, Ahsan-ul-Haque
Subjects: Annual reports ; Banking industry ; Capital structure ; Cointegration analysis ; Commercial banks ; Debt to Equity Ratio ; Emerging markets ; Equity financing ; Financial Leverage ; Financial services ; G21 ; Investments ; Leverage ; Liquidity ; Profit margins ; Profitability ; Return on Assets ; Small & medium sized enterprises-SME ; Total Assets Turnover ; Turnover ; Variables ; Working Capital
Is Part Of: Studia Universitatis Vasile Goldiş Arad. Seria ştiinţe economice, 2024-03, Vol.34 (1), p.74-97
Description: This paper carried out an empirical study on Return on Assets (ROA), total assets turnover, financial leverage, working capital, and debt-to-equity ratio. This study investigated commercial banks operating in Turkey. A secondary data collection method is used for the data collected from fifteen commercial banks. These banks' financial reports were examined from 2011 to 2022. A line graph is presented for each balance that tells us the volatility ratio in the variables, the unit root test applied to resolve the unit root problem, and the cointegration test used for long-term relationships among variables. The Autoregressive Distributed Lag (ARDL) bound test was performed to measure the short-run and long-run effects. Financial leverage, debt-to-equity ratio, and working capital have short- and long-run effects on ROA. Total asset turnover has only long-run effects on ROA in the Turkish banking industry. This study will be beneficial for investment managers, financial specialists, treasurers, and controllers of the banking industry.
Publisher: Arad: Sciendo
Language: English
Identifier: ISSN: 2285-3065
ISSN: 1584-2339
EISSN: 2285-3065
DOI: 10.2478/sues-2024-0004
Source: Coronavirus Research Database
De Gruyter Open Access Journals
ProQuest Central
DOAJ Directory of Open Access Journals

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Investigating the Symmetric Effects of Working Capital on Profitability in Turkish Banking: An ARDL Empirical Analysis

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