{"id":3605,"date":"2017-04-19T03:18:49","date_gmt":"2017-04-19T00:18:49","guid":{"rendered":"http:\/\/www.berjournal.com\/?p=3605"},"modified":"2017-04-24T23:50:56","modified_gmt":"2017-04-24T20:50:56","slug":"financial-distress-and-capital-structure-decision-an-aplication-on-bist-100-firms","status":"publish","type":"post","link":"https:\/\/www.berjournal.com\/tr\/financial-distress-and-capital-structure-decision-an-aplication-on-bist-100-firms","title":{"rendered":"Finansal Ba\u015far\u0131s\u0131zl\u0131k ve Sermaye Yap\u0131s\u0131 Kararlar\u0131: BIST 100 Endeksindeki Firmalar \u00dczerine Bir Uygulama"},"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>\nFinansal Ba\u015far\u0131s\u0131zl\u0131k ve Sermaye Yap\u0131s\u0131 Kararlar\u0131:
\nBIST 100 Endeksindeki Firmalar \u00dczerine Bir Uygulama<\/td>\n<\/tr>\n
Yazar(lar):<\/td>\nTuncay Turan Turabo\u011flu, Asl\u0131 Y\u0131k\u0131lmaz Erkol, Emre Esat Topalo\u011flu<\/td>\n<\/tr>\n
Cilt:<\/td>\n8<\/td>\n<\/tr>\n
Say\u0131:<\/td>\n2<\/td>\n<\/tr>\n
Y\u0131l:<\/td>\n2017<\/td>\n<\/tr>\n
Sayfa:<\/td>\n247-258<\/td>\n<\/tr>\n
ISSN:<\/td>\n1309-2448<\/td>\n<\/tr>\n
DOI Numaras\u0131:<\/td>\n10.20409\/berj.2017.48<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n
\u00d6z<\/td>\n<\/tr>\n
Bu \u00e7al\u0131\u015fmada, firmalar\u0131n finansal ba\u015far\u0131s\u0131zl\u0131klar\u0131 ile sermaye yap\u0131s\u0131 kararlar\u0131 aras\u0131ndaki ili\u015fkiyi ortaya \u00e7\u0131karmak ama\u00e7lanm\u0131\u015ft\u0131r. \u00c7al\u0131\u015fmada, finansal ba\u015far\u0131s\u0131zl\u0131k; Altman Z-Skor ve Springate S-Skor ile sermaye yap\u0131s\u0131 kararlar\u0131 ise; toplam bor\u00e7 oran\u0131, bor\u00e7lar\u0131n vade yap\u0131s\u0131 ve d\u0131\u015fsal \u00f6z sermaye oran\u0131 ile temsil edilmi\u015ftir. Firma b\u00fcy\u00fckl\u00fc\u011f\u00fc ve duran varl\u0131k oran\u0131 kontrol de\u011fi\u015fkenleri olarak analize d\u00e2hil edilmi\u015ftir. Analiz sonucunda toplam bor\u00e7 oran\u0131, k\u0131sa vadeli bor\u00e7 oran\u0131 ve d\u0131\u015fsal \u00f6z sermaye oran\u0131 ile finansal ba\u015far\u0131s\u0131zl\u0131k skoru aras\u0131nda negatif y\u00f6nde ve anlaml\u0131 bir ili\u015fki belirlenmi\u015ftir. D\u0131\u015fsal \u00f6z sermaye oran\u0131 (yeni hisse senedi ihrac\u0131) ile finansal ba\u015far\u0131s\u0131zl\u0131k skoru aras\u0131nda belirlenen negatif y\u00f6nl\u00fc ili\u015fki, Myers\u2019in (1984) Finansal Hiyerar\u015fi Teorisini (Pecking Order Theory) destekler niteliktedir. Yine; kontrol de\u011fi\u015fkenlerinden duran varl\u0131k oran\u0131 ve b\u00fcy\u00fckl\u00fck de\u011fi\u015fkeni ile finansal ba\u015far\u0131s\u0131zl\u0131k skoru aras\u0131nda pozitif y\u00f6nde ve anlaml\u0131 bir ili\u015fki bulunmu\u015ftur. Bu \u00e7al\u0131\u015fmada elde edilen sonu\u00e7lar, bor\u00e7lanma oran\u0131n\u0131n finansal ba\u015far\u0131s\u0131zl\u0131\u011f\u0131 artt\u0131rd\u0131\u011f\u0131 y\u00f6n\u00fcnde bulgulara ula\u015f\u0131lan di\u011fer \u00e7al\u0131\u015fmalar\u0131 ve denge teorisini (trade off theory) destekler niteliktedir.<\/td>\n<\/tr>\n
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Anahtar Kelimeler:<\/td>\nFinansal Ba\u015far\u0131s\u0131zl\u0131k, Sermaye Yap\u0131s\u0131 Kararlar\u0131, Altman Z-Skor, Springate S-Skor, Borsa \u0130stanbul<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n
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JEL S\u0131n\u0131fland\u0131rmas\u0131:<\/td>\nG32, G35<\/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: Finansal Ba\u015far\u0131s\u0131zl\u0131k ve Sermaye Yap\u0131s\u0131 Kararlar\u0131: BIST 100 Endeksindeki Firmalar \u00dczerine Bir Uygulama Yazar(lar): Tuncay Turan Turabo\u011flu, Asl\u0131 Y\u0131k\u0131lmaz Erkol, Emre Esat Topalo\u011flu Cilt: 8 Say\u0131: 2 Y\u0131l: 2017 Sayfa: 247-258 ISSN: 1309-2448 DOI Numaras\u0131: 10.20409\/berj.2017.48 \u00d6z Bu \u00e7al\u0131\u015fmada, firmalar\u0131n finansal ba\u015far\u0131s\u0131zl\u0131klar\u0131 ile sermaye yap\u0131s\u0131 […]<\/p>\n

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