A financial approach for municipality investment: a case study of drinking water and sewerage investment in Turkey

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dc.authorid0000-0002-0809-7893
dc.contributor.authorBaşcı, Eşref Savaş
dc.contributor.authorBaşcı, Gülistan
dc.date.accessioned2019-03-29T08:20:47Z
dc.date.available2019-03-29T08:20:47Z
dc.date.issued2016
dc.departmentHitit Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, Bankacılık ve Finans Bölümü
dc.description.abstractThe main aim of this study is to determine the effect of municipality investment decisions on financial tables. For this purpose, we analyzed financial ratios which were used in investment decisions during 2006 to 2014 in Turkey. Financial relationships are between the municipality’s financial decisions on both drinking water investment and sewerage investment and their financial ratios that were calculated from financial statements. In Turkey, there are 81 municipalities in the local government status. We analyzed all municipalities’ consolidated financial statements, such as balance sheets and income statements during the aforementioned period. In this study, we used a two-step analysis. Firstly, we calculated traditional financial ratios of all municipalities and secondly, we used the Structural Equation Model (SEM). We calculated all ratios, and then we analyzed any structural relationships between the dependent variables and independent variables. We designated “Drinking Water Investments” and “Sewerage Investments” as dependent variables in the study. As for independent variables, we have chosen some financial ratios that are related to literature. In the study, we have some major findings for the variables. Drinking Water Investment results showed two important things. Firstly, signs of all variables are very important. However, when Financing Ratio and Taxes to Revenues’ signs are “-” negative, it means the municipality may reduce the total liabilities to increase drinking water investment. The total tax to total revenue ratio must decrease in order to invest in and establish the drinking water system. In testing for Sewerage Investment, Quick Ratio, Grants, Aids and Special Revenues (Special Rev to T-Rev) and Administrative Cost (Admin Cost) are negative “-” signs in the SEM result. It means that if the municipality wants to invest in sewerage investments, they should take into account that these variables have a negative effect on this investing in the sewerage system.
dc.description.provenanceSubmitted by Eşref Savaş Başcı (esavasbasci@hitit.edu.tr) on 2019-03-28T16:41:58Z No. of bitstreams: 1 A2-A Financial Approach 16427_ID_DF637_JEIEFB_Gülistan BAŞCI_Eşref Savaş BAŞCI.pdf: 858143 bytes, checksum: 731ebe877d2f2b18efbc0b864027f403 (MD5)en
dc.description.provenanceApproved for entry into archive by Zeynep Umut Arslan (umutarslan@hitit.edu.tr) on 2019-03-29T08:20:47Z (GMT) No. of bitstreams: 1 A2-A Financial Approach 16427_ID_DF637_JEIEFB_Gülistan BAŞCI_Eşref Savaş BAŞCI.pdf: 858143 bytes, checksum: 731ebe877d2f2b18efbc0b864027f403 (MD5)en
dc.description.provenanceMade available in DSpace on 2019-03-29T08:20:47Z (GMT). No. of bitstreams: 1 A2-A Financial Approach 16427_ID_DF637_JEIEFB_Gülistan BAŞCI_Eşref Savaş BAŞCI.pdf: 858143 bytes, checksum: 731ebe877d2f2b18efbc0b864027f403 (MD5) Previous issue date: 2016en
dc.identifier.citationBaşcı, G., Başcı, E. S. (2016). A financial approach for municipality investment: a case study of drinking water and sewerage investment in Turkey.Journal of Emerging Issues in Economics, Finance and Banking (JEIEFB), 5(2), 1979-1991.
dc.identifier.endpage1991en_US
dc.identifier.issn2306-367X)
dc.identifier.issue2en_US
dc.identifier.startpage1979en_US
dc.identifier.urihttps://hdl.handle.net/11491/349
dc.identifier.volume5en_US
dc.language.isoen
dc.publisherM/s J.A. Alpha Business Research & Publishers
dc.relation.ispartofJournal of Emerging Issues in Economics, Finance and Banking (JEIEFB)
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectMunicipalityen_US
dc.subjectFinancial Performanceen_US
dc.subjectStructural Equation Model (SEM)en_US
dc.titleA financial approach for municipality investment: a case study of drinking water and sewerage investment in Turkey
dc.typeArticle

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