The existence of inter-industry convergence in financial ratios: Evidence from Turkey

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dc.authorscopusid35762823900
dc.contributor.authorAcaravci, Songul Kakilli
dc.date.accessioned2024-09-19T15:47:15Z
dc.date.available2024-09-19T15:47:15Z
dc.date.issued2007
dc.departmentHatay Mustafa Kemal Üniversitesien_US
dc.description.abstractAdjusting financial ratios to industry targets is an important reserach field in the finance literature. Empirical evidences suggest that firms do adjust their financial ratios to industry targets. Using the partial adjustment model, we employ the pooled OLS to investigate the behaviour of financial ratios of 100 firms in Turkish manufacturing industry for the period 1996 through 2004. The results indicate that the financial ratios are periodically adjusted to their industry means. But the speed of adjustment of all the financial ratios for Turkish manufacturing firms is slower than that for firms of transition countries and Western firms reported in earlier studies. The turnover ratios have lower adjustment speed than short-term liquidity ratios. The adjustment coefficients are the largest for short-term liquidity ratios. Therefore, these ratios can be adjusted in the short run more easily than the turnover ratios. © Songul Kakilli Acaravci, 2007.en_US
dc.identifier.endpage76en_US
dc.identifier.issn1810-4967
dc.identifier.issue2en_US
dc.identifier.scopus2-s2.0-84891871981en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpage71en_US
dc.identifier.urihttps://hdl.handle.net/20.500.12483/15068
dc.identifier.volume4en_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherLLC CPC Business Perspectivesen_US
dc.relation.ispartofInvestment Management and Financial Innovationsen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectFinancial ratiosen_US
dc.subjectIndustry targeten_US
dc.subjectThe partial adjustment modelen_US
dc.subjectTurkeyen_US
dc.titleThe existence of inter-industry convergence in financial ratios: Evidence from Turkeyen_US
dc.typeArticleen_US

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