The working capital policies to be applied by enterprises provide important information to_x000D_
the interested parties about the ratio of short and long term debts to be used in financing_x000D_
current assets and investments to be made to these assets. Businesses' choice between_x000D_
profitability and risk is shaped by the aggressive or conservative working capital policy_x000D_
they adopt. In this context, the study was conducted to determine the working capital_x000D_
financing and investment strategies of food companies traded in ISE in the period 2009-_x000D_
2018 and to investigate the impact of these strategies on business performance by panel_x000D_
data analysis. As a result of the analysis, it was determined that there was a significant_x000D_
relationship between working capital policies and return on assets. It was found that the_x000D_
businesses increase their profitability by adopting conservative policy and reduce their_x000D_
profitability by adopting aggressive policy.
The working capital policies to be applied by enterprises provide important information to the interested parties about the ratio of short and long term debts to be used in financing current assets and investments to be made to these assets. Businesses' choice between profitability and risk is shaped by the aggressive or conservative working capital policy they adopt. In this context, the study was conducted to determine the working capital financing and investment strategies of food companies traded in ISE in the period 2009- 2018 and to investigate the impact of these strategies on business performance by panel data analysis. As a result of the analysis, it was determined that there was a significant relationship between working capital policies and return on assets. It was found that the businesses increase their profitability by adopting conservative policy and reduce their profitability by adopting aggressive policy.
