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Working capital management which is one of the most important issues of business financing, corresponds to the business' investments which are made on economic values that can be converted into cash normally in one year while the fixed capital (capital expenditures) corresponds to the longterm investments. The aim of this paper is to investigate the investments made on fixed capital in terms of working capital management and to explore the effects of these investments on working capital management. According to the results of the regression analysis, the consequence that the fixed assets expenditure has a prominent effect on working capital management is proved. [ABSTRACT FROM AUTHOR]