Working capital management in Turkey impacts firm profitability significantly.
The study looked at how managing money in a business affects how much profit it makes in Turkey. They used data from 41 companies over 11 years. They found that when companies take longer to pay their bills, have more debts, or own more fixed assets, their profits tend to be lower. On the other hand, when companies take longer to sell their inventory or have more sales, their profits tend to be higher.