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Summary


FINANCIAL SECURITY MANAGEMENT IN FIRMS: AN APPLICATION IN TEXTILE SECTOR
Firms with high managerial skills perform effectively and efficiently. Firms with successful financial security management can continue their activities and take measures against various risks in the market. The management of a firm is responsible for taking the necessary measures to strengthen its financial structure without compromising financial security. The aim of this study is to highlight the significance of financial security management for firms to continue their activities successfully. The study is based on a model developed to determine firms’ financial security levels. The 5-year (2013-2017) financial statement data of 18 firms trading on the Istanbul Stock Exchange (Turkey) were used. Multiple regression analysis was performed on the book value, current ratio, acid-test ratio, inventory turnover, receivables turnover ratio, fixed asset turnover ratio, asset turnover, debt ratio, interest coverage ratio, net profit ratio, gross profit rate, return on assets ratio and Equity dividend ratio calculated from the financial table data of the firms. The results showed a significant correlation between book value and current ratio, acid-test ratio, fixed asset turnover ratio, asset turnover and gross profit margin. It is recommended that firms use their assets efficiently and have optimum liquidity in order to ensure financial security.

Keywords
Financial Security, Liquidity, Textile Sector

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