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- Title
Ulusal Plândan Uluslararası Rekabete Bir Karşılaştırma: Erdemir ve Posco için Çalışma Sermayesi Etkinlik Ölçümü (2011-2021).
- Authors
Ergün, Ümit Remzi; Savrul, Burcu Kılınç
- Abstract
The 20th century, also described as the age of extremes, was marked by unprecedented catastrophes and two bloody wars that left indelible marks on three generations. The experience of hyperinflation and economic depressions led to new ways of achieving specific economic objectives that would otherwise have been unattainable. The planned economy, invented and implemented in Germany during the First World War, is one of these methods. Development plans, which aim to eliminate economic problems and to give confidence to investors in countries aiming at economic development, maintain their importance today. This study measures the working capital efficiency level of two iron and steel companies, which were established in the same period in two different countries as a result of five-year development plans and which are internationally competitive with each other today, with the index efficiency level method developed by Bhattacharya. The utilization index, performance index and efficiency index values were calculated using the annual data of Posco from South Korea and Erdemir from Turkey for the years 2011- 2021. The findings of the calculations show that both firms have an effective working capital management. The fact that the change in the results over the years can be associated with global and economic events is supported by the consistency of the study and its methodology, and the findings are in line with the theoretical expectations.
- Subjects
TURKEY; SOUTH Korea; WORKING capital; WORLD War I; INVESTOR confidence; CENTRAL economic planning; DEPRESSIONS (Economics); IRON; CAPITAL movements
- Publication
Journal of Aksaray University Faculty of Economics & Administrative Sciences / Aksaray Üniversitesi Iktisadi ve Idari Bilimler Fakültesi Dergisi, 2024, Vol 16, Issue 1, p17
- ISSN
1308-7525
- Publication type
Article
- DOI
10.52791/aksarayiibd.1341322