Özet:

The relationship between working capital management and firm performance has been discussed and carefully studied for many years. In this perspective, the prime aim of this study is to reveal the relationship between working capital management and the performances of the 18 companies that listed BIST Food and Beverage Index. So as to accomplish this purpose, Tobins q, ROA and ROE performance values as the dependent variables, while ADH, SDH, BDH and NDH values as the independent variables are selected. The impact levels were determined by regression analysis by employing five years financial indicators. Although statistically significant negative relationship figured out between NDH, ADH and ROA, ROE at 10% level, this relationship was not statistically significant for Tobins q cases.

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