ŞİRKET FİNANSMANINDA HALKA ARZLAR : BORSA İSTANBUL ÖRNEĞİ

Year 2023, Volume: 22 Issue: 47 - İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi, Eylül/Yaz 2023, Cilt 22, Sayı 47, 830 - 866, 29.09.2023

Recep Ali Küçükçolak Sami Küçükoğlu Necla İlter Küçükçolak

https://doi.org/10.46928/iticusbe.1180429

Abstract

Bu çalışmada işletme finansmanında halka arzları değerlendirmek amacıyla 2021 yılında halka arz olan 52 şirket ile 2022 yılı ağustos ayı dönemine kadar halka arz olan 30 adet şirketin verileri Borsa İstanbul (BİST) özelinde deskriptif yöntem ile incelenmiştir. Araştırmada kullanılan veriler Kamuoyu Aydınlatma Platformu (KAP) ile şirketlerin Sermaye Piyasası Kurulu (SPK) tarafından onaylanmış izahnamelerinden elde edilmiştir. Belirlenen sonuçlara göre 2021’de gerçekleşen 52 adet şirketin halka arz edilmesinden sonra 2022 yılında ağustos ayı sonu itibariyle gerçekleşen 30 adet şirketin halka arz edilmesi 2022 yıl sonu itibariyle halka arzların 2021’e göre düşük bir ivmede gerçekleşeceğine işaret etmektedir. Halka arzlarda düşüşün global finansal piyasalardaki gelişmeler, dünya çapında artan enflasyon oranları, ekonomik büyüme oranlarındaki yavaşlama, Ukrayna’da devam eden savaş gibi koşullar altında devam edeceği ön görülmektedir.

Keywords

Halka arzlar, Finans, Borsa İstanbul, Sermaye Piyasaları

PUBLIC OFFERINGS IN COMPANY FINANCE: THE EXAMPLE OF BORSA ISTANBUL

Abstract

In this study, in order to evaluate public offerings in business finance, the data of 52 companies that went public in 2021 and 30 companies that went public until August 2022 were analyzed with a descriptive method in Borsa Istanbul (BIST). The data used in the research were obtained from the Public Disclosure Platform (KAP) and the companies' prospectuses approved by the Capital Markets Board (SPK). According to the determined results, after the public offering of 52 companies in 2021, the public offering of 30 companies as of the end of August in 2022 indicates that by the end of 2022, the public offerings will take place at a lower pace compared to 2021. It is predicted that the decline in public offerings will continue under conditions such as developments in global financial markets, increasing inflation rates around the world, slowdown in economic growth rates, and the ongoing war in Ukraine.

Keywords

Public offerings, Finance, Borsa Istanbul, Capital Markets

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