WAS “YILMAZ CASH MANAGEMENT MODEL” ACCEPTED BY THE THEORY OF FINANCE

Authors

  • Huseyin Yilmaz

DOI:

https://doi.org/10.47672/ajf.472
Abstract views: 481
PDF downloads: 545

Keywords:

Yilmaz cash management model, cash management, free cash flows, cash management models

Abstract

Purpose: The purpose of fullfilling this study was to fix the adoption and usage level of the “yilmaz cash management model” and  its opinions in the theory of finance.

Methodology: An investigation on scholar.google.com was fullfilled to fix the essays citing from the article “Another Perspective to Corporate Cash Management: A New Model and Definition”.Then, their citations were found from the articles. After being sure, some of the  articles were used for this study. The others were eliminated because their citations are not useful for this study. 

Results: The investigation on the sources in financial science showed that Yılmaz Cash Management Model  was accepted by financial theory partly.

Unique contribution to theory, practice and policy: The study brought a new model to the theory of finance. The new model about cash management can be used by corporations to manage their cash flows efficiently and effectively.


 

Downloads

Download data is not yet available.

Author Biography

Huseyin Yilmaz

Faculty of Economics and Administrative Sciences Department of Business

Bilecik Şeyh Edebali University- Bilecik/Turkey

References

Aravind. M. (2017). Divergence in Cash Position Metrics: An Appraisal of Metal Industry in India. The Journal of Contemporary Management Research, 11(1), 56 - 74.

Blaise N. & Mulyungi P.(2018). Effect of Financial Derivatives use on Financial Performance of Commercial Banks in Rwanda: A Case of Commercial Banks in Rwanda. International Journal of Management and Commerce Innovations, 6(1), 474-480.

Chukwunwike, O. D., Ofoegbu G. N., Okoroiwu K. L., & Okafor R.G.(2018). The Potency of Cash Flow in Predicting Corporate Performance. Account and Financial Management Journal , 3(6), 1591-1601.

Downes J. & Goodman J.E.(1995). Dictionary of Finance and Investment Terms. New York: Barron's Educational Series.

Duncan N. M., Njeru A., Member F., & Ondabu I. T. (2015). Effect of Cash Management on Financial Performance of Deposit Taking SACCOs in Mount Kenya Region. International Journal of Scientific and Research Publications, 5(2),1-6.

Duncan, N.M. (2016). Effect of Liquidity Management on Financial Performance of Deposit Taking Saving and Credit Co-operative Society in Kenya (Unpublished PhD. Thesis). Jomo Kenyatta University of Agriculture and Technology, Nairobi, Kenya.

Gatimu E. M., Muturi W., & Oluoch O. (2018). Effect of Non-Performing Loan Management Practices on Loan Recovery Performance of Deposit Taking Savings and Credit Cooperatives in Kenya. Journal Of Humanities And Social Science, 23(11-Ver.1),1-27.

Githaka, J. M., Kimani, E. M. & Gachora, S (2017). Effect of liquidity management on liquidity of savings and credit co-operative societies in Kirinyaga County, Kenya. International Academic Journal of Economics and Finance, 2(3),57-73.

Githaka J.M. (2017). Financial Factors Affecting Liquidity of Savings and Credit Co-operative Societies in Kirinyaga County (Unpublished MBA Thesis). University of EMBU, Embu, Kenya.

Kennedy K. N. & Eshiwani W.(2018). Influence of Cost Structure on Interest Rate Level of Microfinance Banks in Nakuru County, Kenya. International Journal of Economics, Commerce, and Management, 6(5), 674-711.

Kytönen, E.(2004). Oulu Cash Management Behavior of Firms and Its Structural change in an Emerging Money Market. Oulu, Finland: University Press.

Masha, I.F.(2018). Effectiveness of Internal Control Systems in Management of Funds in Public Sector at National Sub- county Treasuries in Kenya (Unpublished MS in Finance thesis). KCA University, Naironbi, Kenya.

Matianyi, B. J. & Ndirangu, A. W. (2019). Influence of Cash Management Practices on Financial Performance of Deposit Taking SACCO’s in Kakamega County. The Strategic Journal of Business and Change Management, 6(2),1994 – 2005.

Moraa, G.G. (2017). Effect of Cash Management Practices on Performance of Public Secondary Schools in Kisii County (Unpublished MBA thesis). Kisii University, Kisii, Kenya.

Muriungi P.M., & Muturi W., (2018). Influence of Credit Appraisal on Loan Performance of Deposit Taking Saccos in Meru County. International Journal Of Advanced Research in Engineering& Management, 4(10), 39-65.

Nyhodo B., Mmbengwa V. M., Balarane A., & Ngetu X. (2014). Formulating the Least Cost Feeding Strategy of A Custom Feeding Programme: A Linear Programming Approach. Nyhodo et al / OIDA International Journal of Sustainable Development, 7(10),85-92.

Omwamba, K.W. (2017). An Evaluation of the Effect of Liquidity Management Practices on Growth of Public Secondary Schools in Kisii County (Unpublished MBA Thesis). Kisii University, Kisii, Kenya.

Sylvie N., M., & Shukla P.J. (2018). Effect of Cash Management Practices on Financial Performance of Small Medium Enterprises in Rwanda: Case Study of SMEs in Kicukiro District. International Journal of Management and Commerce Innovations, 6(1), 940-949.

Wölfing D. & Moormann J.(2018). Cash management in transition: From cash management to cash process management. Journal of Payments Strategy & Systems,11(4),343–354.

Yilmaz H.(2011). Another Perspective to Corporate Cash Management: A New Model and Definition. International Journal of Humanities and Social Science, 1(11-Special Issue), 284-289.

Downloads

Published

2020-04-02

How to Cite

Yilmaz, H. (2020). WAS “YILMAZ CASH MANAGEMENT MODEL” ACCEPTED BY THE THEORY OF FINANCE. American Journal of Finance, 5(1), 16 - 23. https://doi.org/10.47672/ajf.472

Issue

Section

Articles