CAPITAL INCREASE IN INCORPORATED COMPANIES: REVIEW OF TURKISH BANKING SECTOR

Year 2017, , 48 - 69, 30.03.2017

Suphi Aslanoglu , Seyfi Yildiz Selim Cengiz

https://doi.org/10.17261/Pressacademia.2017.365

Abstract

Purpose – In review of academic researches regarding capital increase in the
country, it becomes clear that there are few studies observing the factors
affecting corporations’ capital structure and decisions on increase. Moreover,
there is almost no study concerning capital structure and capital increase in
banking sector which is vital for financial markets. Consequently, the purpose
of this study is to scrutinize in various time periods, the capital structure
and capital increases in Turkish banking sector as well as the factors behind
them. Insomuch that some knowledge shall be gained pertaining to the capital
structure and capital increases in Turkish banking sector within different
periods.

Methodology – This study has utilized content analysis method in order to
review levels of capital increase and the factors forming the capital structure
of Turkish banking sector. In scope of the purpose of this study, financial
accounts pertaining to the periods of 2010 and 2015 of 13 banks which are
perpetually active in BIST (Istanbul Stock Exchange) have been scrutinized. The
data required for the study has been obtained from the activity reports of the
banks plus KAP (public disclosure platform).

Findings -  It has been
ascertained that the banks subject to the study increase their capitals mostly
by means of internal resources and rarely via external sources.

Conclusion – It has been gathered that the banks keep operating with high
profits and preserve the majority of their period incomes in shareholders’
equity by increasing capital or transferring to the reserves. Additionally, it
has been determined that the banks included in the study have oriented a very
small part of their equity to such fixed investments as real assets and
participations, as well as they have remarkably high equity and accordingly a
strong structure of liquid assets. On a general basis, it might be suggested
that the banks have had high equity in the course of years.  

Keywords

Banking sector, capital increase, internal resources, Turkish Business Law, equity finance

References

• Arıçelik, G. (2010), Ticari Bankalarda Performans Ölçümü: Camels Analizine Dayalı Bir İnceleme, T.C. Dokuz Eylül Üniversitesi, Sosyal Bilimler Enstitüsü, İktisat Anabilim Dalı, Yayınlanmamış Yüksek Lisans Tezi, İzmir.
• Akkale, R. G.(2013), Kayıtlı Sermaye Yapısı Hakkında Genel Bilgi ve 6102 Sayılı Türk Ticaret Kanunu’na Göre Halka Açık Olmayan Anonim Şirketlerde Sermaye Artırım Usulü, Gazi Üniversitesi Hukuk Fakültesi Dergisi, C. XVII.
• Bahtiyar, M. (1996), Anonim Ortaklıkta Kayıtlı Sermaye Sistemi ve Sermaye Artırımı, Beta Yayınları, İstanbul.
• Biçer, L. (2010), Anonim Şirketlerde Şartlı Sermaye, İstanbul.
• Çağlar, H. (2010), Anonim Şirketlerde Esas Sermayenin Azaltılması, Ankara.
• Güçlü, H. M. (2015), Anonim Şirketlerde Şartlı Sermaye Artırımı, T.C. Selçuk Üniversitesi, Sosyal Bilimler Enstitüsü, Özel Hukuk Ana Bilim Dalı, Ticaret Hukuku Bilim Dalı, Yayınlanmamış Yüksek Lisans Tezi, Konya.
• İmregün, O. (1989), Anonim Ortaklıklar, Yasa Yayınları, İstanbul.
• Kaya, A. (1997), Sermaye Artırımı, 40. Yılında Türk Ticaret Kanunu, İstanbul.
• Kendigelen, A. (2012), Yeni Türk Ticaret Kanunu: Değişiklikler, Yenilikler ve İlk Tespitler, 2. Bası, İstanbul.
• Koç, Y. Y. (2001), Genel Muhasebe İlkeleri Uygulaması, Tek Düzen Muhasebe Sistemi, Ankara.
• Moroğlu, E. (2003), Anonim Ortaklıklarda Esas Sermaye Artırımı, Vedat Kitapçılık, İstanbul.
• Pulaşlı, H. (2013), İkincil Mevzuat Çerçevesinde Çıkarılan Yönetmelik ve Tebliğlere ve 6362 Sayılı Sermaye Piyasası Kanununa Göre Hazırlanmış Şirketler Hukuku Genel Esaslar, 2. Bası, Seçkin Yayıncılık, Ankara.
• Saraç, T. (2009), Anonim Şirketlerde Şarta Bağlı Sermaye Artırımı, Ankara.
• Şengür, D. E. (2011), “Yeni Türk Ticaret Kanunu İle Anonim Şirketlerde Sermaye İle İlgili Getirilen Yenilikler”, Mali Çözüm Dergisi, Ocak- Şubat, 97-119.
• Tekinalp, Ü. (2011), Yeni Anonim ve Limited Ortaklıklar Hukuku, Vedat yayınevi, 2. Bası, İstanbul.
• Ünsal, E. M. (2004), Makro İktisada Giriş, Siyasal Kitabevi, Ankara.
• http://www.hitasymm.com.tr/yeni-turk-ticaret-kanunu-ile-anonim-sirketlerde-sermaye-ve-sermaye-artirimi-ile-ilgili-getirilen-yenilikler-
• http://www.vergimevzuati.org/yeni-ttkna-gore-anonim-sirketlerde-sermaye-arttirimi/
• http://yildirimercan.blogspot.com.tr/2013/01/anonim-sirketlerde-sarta-bagl-sermaye.html
• http://www.thelira.com/yazar/31/ekrem-oncu/2099