The Economic Importance of Kastamonu Province in Turkish Forest Products Industry In Terms of Some Engineered Products

Bayram, Bahadır Çağrı; Akyüz, İlker; Üçüncü, Tutku

doi:10.17475/kuofd.70343

Cited by 2 publications

(2 citation statements)

References 7 publications

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“…In Turkey, the sector has difficulties within its subsectors, not only with decreasing domestic production which is much dependent on imports (Bayram et al, 2015), but also in terms of the prices of imported raw materials and high cost in its own subsectors (Istek et al, 2017). Thus, we think that a strong liquidity would add much at this point.…”

Section: Resultsmentioning

confidence: 99%

The effects of liquidity on inventory: Evidence form forestry subsector in Turkey

Acikgoz

Demirkol

Apak³

2018

Eurasian Journal of Forest Science

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As a part of Agriculture sector, forestry subsector is the main provider for the forestry products industry which has been neglected in terms of short-term liabilities and liquidity analysis. Liquidity is a function of the liabilities of the businesses in the short-run and it is expected to consist much of trade credit rather than bank credit. This study tries to reveal the long-term dependence of the short-term inventories on cash and cash equivalents, short-term bank credit used, and short-term accounts receivable as a percentage of short-term liabilities in the forestry products subsector in Turkey. We analyze the sectoral three years averages of aggregate balance sheet data in the long-term (1998-2016) and we depict that inventories have correlations with cash and cash equivalents, short-term bank credit and short-term accounts receivable and we also reveal that the sector's short-term liabilities have had a diminishing trend in the very long-run. After introducing the model, we have run the linear regression of the model and we share the robust results of the tests. The findings give evidence that inventories, which are in fact the most illiquid part of the current assets, have bank credit dependency as much as accounts receivable though decreasing liabilities in the short-term. We therefore offer suggestions on the results for the forestry products subsector so as to hedge against the potentially adverse liquidity conditions in the near future. Each precaution held for a subsector will therefore help the sustainability of the forestry and the agriculture sector as a whole and it will also contribute as an example therein integrated especially with the marketing strategies.

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Section: Resultsmentioning

confidence: 99%

The effects of liquidity on inventory: Evidence form forestry subsector in Turkey

Acikgoz

Demirkol

Apak³

2018

Eurasian Journal of Forest Science

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“…As the macroeconomic circumstances change, forestry sectors and their products have been among the effective and vulnerable parts of the global economy and in many countries [1,2,3,4] along with Turkey [5,6,7]. The forestry products sector has been assessed as a subsector of agriculture in Turkey.…”

Section: Introductionmentioning

confidence: 99%

Bank Credits and Their Influence on Accounts Receivable: The Case of the Forestry Products Sector in Turkey

Acikgoz

Demirkol

2019

JEMT

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The leverage of bank credit may result in different consequences on current assets. As the accounting procedures report financial credit in two significant terms, short-term bank credit and long-term bank credit, the study tries to reveal the effect of those liabilities on the level of accounts receivable in the forestry products sub-sector in Turkey. The study examines a set of long-term data including current ratio, cash and cash equivalents ratio, and short-term inventories ratio as control variables to test two different models in which either short or long-term bank credit consequence is predicted. The results confirm that time constraints of bank credits have both significant roles on the level of account receivables. However, the significance is barely higher for the effect of long-term bank credit. Therefore, we conclude that the businesses of the forestry products sector in Turkey should also be sensitive primarily on the level of their long-term bank credit along with the level of short-term bank credit amongst the liabilities in balancing the accumulation of accounts receivable. Thus, businesses of the sector would better consider the level of bank credits in the conditions of risky, non-performing or accumulating accounts receivable.

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The Economic Importance of Kastamonu Province in Turkish Forest Products Industry In Terms of Some Engineered Products

Cited by 2 publications

References 7 publications

The effects of liquidity on inventory: Evidence form forestry subsector in Turkey

The effects of liquidity on inventory: Evidence form forestry subsector in Turkey

Bank Credits and Their Influence on Accounts Receivable: The Case of the Forestry Products Sector in Turkey

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