CAPITAL INCREASE IN INCORPORATED COMPANIES: REVIEW OF TURKISH BANKING SECTOR

Year 2017, Volume: 4 Issue: 1, 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

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