{"id":3258,"date":"2016-03-31T05:17:16","date_gmt":"2016-03-31T02:17:16","guid":{"rendered":"http:\/\/www.berjournal.com\/?p=3258"},"modified":"2016-04-01T16:21:23","modified_gmt":"2016-04-01T13:21:23","slug":"determining-the-firm-specific-factors-affecting-the-capital-increase","status":"publish","type":"post","link":"https:\/\/www.berjournal.com\/tr\/determining-the-firm-specific-factors-affecting-the-capital-increase","title":{"rendered":"Determining the Firm Specific Factors Affecting the Capital Increase"},"content":{"rendered":"

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Makale Bilgileri<\/td>\n<\/tr>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Dergi:<\/td>\nBusiness and Economics Research Journal<\/td>\n<\/tr>\n
Makalenin Ba\u015fl\u0131\u011f\u0131:<\/td>\nDetermining the Firm Specific Factors Affecting the Capital Increase<\/td>\n<\/tr>\n
Yazar(lar):<\/td>\n\u0130smail Tuna, S\u00fcleyman Serdar Karaca<\/td>\n<\/tr>\n
Cilt:<\/td>\n7<\/td>\n<\/tr>\n
Say\u0131:<\/td>\n1<\/td>\n<\/tr>\n
Y\u0131l:<\/td>\n2016<\/td>\n<\/tr>\n
Sayfa:<\/td>\n89-105<\/td>\n<\/tr>\n
ISSN:<\/td>\n1309-2448<\/td>\n<\/tr>\n
DOI Numaras\u0131:<\/td>\n10.20409\/berj.2016116806<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n
\u00d6z<\/td>\n<\/tr>\n
The firms increase their capital on three ways; external sources (right), internal sources (bonus) and the use of both external and internal sources (right and bonus).The decision of capital increase causes \u201canomalies\u201d referred as the state of alienation from the normality in capital markets. The aim of the study is to submit an emprical study about industrial corporations which exist within Borsa Istanbul (BIST) Industrial Index in order to determine the firm specific factors causing anomalies and affecting capital increase decisions. By using the financial ratios belonging to 126 firms that take part in industrial index between the years 2003-2013, three models have been established with 14 dependent variables and 3 qualitative dependent variables (no capital increase-capital increase through rights issues is present-capital increase through bonus issues is present, no capital increase-capital increase is present). These three built models have been tested through the panel logit method in binary choice model way. According to the analysis results, odds ratio has been used to construe the effect size. As a result of the study, it was determined that Paid Capital\/Equity and Fixed Assets\/Total Assets variables have a positive effect on capital increase decision and its procedure in all three models.<\/td>\n<\/tr>\n
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Anahtar Kelimeler:<\/td>\nCapital Increase, Right Issue, Bonus Issue, Panel Data Analysis<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n
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JEL S\u0131n\u0131fland\u0131rmas\u0131:<\/td>\nG11, G17, G32, C23, C58<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Makale Bilgileri Dergi: Business and Economics Research Journal Makalenin Ba\u015fl\u0131\u011f\u0131: Determining the Firm Specific Factors Affecting the Capital Increase Yazar(lar): \u0130smail Tuna, S\u00fcleyman Serdar Karaca Cilt: 7 Say\u0131: 1 Y\u0131l: 2016 Sayfa: 89-105 ISSN: 1309-2448 DOI Numaras\u0131: 10.20409\/berj.2016116806 \u00d6z The firms increase their capital on three ways; external sources (right), internal sources (bonus) and the […]<\/p>\n

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