How globalization affects the operational efficiencies of emerging market firms?: A comparative analysis on Turkish SMEs
DOI:
https://doi.org/10.17811/ebl.7.1.2018.9-17Resumen
This paper examines the impact of globalization on the operational efficiencies of emerging market firms by concentrating on the financial outcomes of a firm’s main operations through focusing on operating income and cash conversion cycle as well as on their possible causes in an emerging market, Turkey. The findings indicate that globalization significantly deteriorates the operating income and lengthens the cash conversion cycle of Turkish firms and their components. However, although no difference could be reported on the direction of these effects, the adverse impact of globalization on operating income and its components are observed to be weaker while the lengthening impact on cash conversion cycle and its components are observed to be stronger for SMEs.
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