University of South Florida (USF) M3 Publishing


The objective of this study is to find the impact of capital on cash management in tourism industries. We employ three models for measuring cash management. Working capital structure is measured by working capital turnover ratio. In order to get more understand of our analysis, we hired control variables such firm performance, firm size and country specific. We applied panel analysis of 93 financial reports of Indonesian and 27 Turkish tourism listed companies. We apply three models of cash management which could not be find in another prior research. The output shows that each model found that our hypotheses is supported in among models. Applying three measurements of cash management also helps users to more understand the impact of working capital structure on cash management. The implication of this research is the ability of management in managing net working capital reflected in the operating cash flow performance. Research finding also can be useful for financial statement’ users regarding investment decision.



Recommended Citation

Damayanti, T., & Baskan, T. D. (2021). The impact of working capital on cash management under IAS 7 framework: An examination of tourism listed companies in Indonesia and Turkey. In C. Cobanoglu, & V. Della Corte (Eds.), Advances in global services and retail management (pp. 1–10). USF M3 Publishing. https://www.doi.org/10.5038/9781955833035

Creative Commons License

Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial 4.0 License



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