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Cash Flows from Financing Activities. Evidence from the Automotive Industry

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  • Aclan Omag

Abstract

The statement of cash flows is among the key financial statements which companies should prepare according to the Generally Accepted Accounting Principles. In Turkey, the uniform accounting system accepts the cash flow statement as a supplementary financial report. On the other hand, publicly traded companies prefer the Turkish Accounting Standards in preparing their cash flow statements. Cash flows from financing activities form one of the major parts of this statement as the financial strategies of companies. The aim of this study is to analyze the cash flows from the financing activities of a sample company from 2011 to 2014 in the Turkish Automotive Industry and to show its related strategy. The company’s financing activities involve cash inflows and cash outflows as it is normally observed in the literature. In addition, the share of bank loans and dividends demonstrate the significance of debt and dividend policy with regard to financing activities.

Suggested Citation

  • Aclan Omag, 2016. "Cash Flows from Financing Activities. Evidence from the Automotive Industry," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 6(1), pages 115-122, January.
    • Handle: RePEc:hur:ijaraf:v:6:y:2016:i:1:p:115-122
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    References listed on IDEAS

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    1. Rick N. Francis, 2010. "The relative information content of operating and financing cash flow in the proposed cash flow statement," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 50(4), pages 829-851, December.
    2. Lin Tian & Liang Han & Song Zhang, 2015. "Business Life Cycle and Capital Structure: Evidence from Chinese Manufacturing Firms," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 23(2), pages 22-39, March.
    3. Florentina Simona Fãurescu & Oana Adriana Du?ã, 2011. "Evaluation Of Management Performance By Means Of Income Statements And Cash Flow," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(16), pages 19-26, April.
    4. Hossein Jabbari & Zeinolabedin Sadeghi & Seyed Ali Askari, 2013. "Cash Flow, Earning Opacity and its Impact on Stock Price Crash Risk in Tehran Stock Exchange," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 3(4), pages 138-145, October.
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    Keywords

    Earnings; energy market; Turkey;
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