Year 2017, Volume 4 , Issue 1, Pages 48 - 69 2017-03-30

CAPITAL INCREASE IN INCORPORATED COMPANIES: REVIEW OF TURKISH BANKING SECTOR

Suphi Aslanoglu [1] , Seyfi Yildiz [2] , Selim Cengiz [3]


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.  

Banking sector, capital increase, internal resources, Turkish Business Law, equity finance
  • 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
Subjects Social
Journal Section Articles
Authors

Author: Suphi Aslanoglu

Author: Seyfi Yildiz

Author: Selim Cengiz

Dates

Publication Date : March 30, 2017

Bibtex @research article { jefa357401, journal = {Journal of Economics Finance and Accounting}, issn = {}, eissn = {2148-6697}, address = {}, publisher = {PressAcademia}, year = {2017}, volume = {4}, pages = {48 - 69}, doi = {10.17261/Pressacademia.2017.365}, title = {CAPITAL INCREASE IN INCORPORATED COMPANIES: REVIEW OF TURKISH BANKING SECTOR}, key = {cite}, author = {Aslanoglu, Suphi and Yildiz, Seyfi and Cengiz, Selim} }
APA Aslanoglu, S , Yildiz, S , Cengiz, S . (2017). CAPITAL INCREASE IN INCORPORATED COMPANIES: REVIEW OF TURKISH BANKING SECTOR. Journal of Economics Finance and Accounting , 4 (1) , 48-69 . DOI: 10.17261/Pressacademia.2017.365
MLA Aslanoglu, S , Yildiz, S , Cengiz, S . "CAPITAL INCREASE IN INCORPORATED COMPANIES: REVIEW OF TURKISH BANKING SECTOR". Journal of Economics Finance and Accounting 4 (2017 ): 48-69 <https://dergipark.org.tr/en/pub/jefa/issue/32202/357401>
Chicago Aslanoglu, S , Yildiz, S , Cengiz, S . "CAPITAL INCREASE IN INCORPORATED COMPANIES: REVIEW OF TURKISH BANKING SECTOR". Journal of Economics Finance and Accounting 4 (2017 ): 48-69
RIS TY - JOUR T1 - CAPITAL INCREASE IN INCORPORATED COMPANIES: REVIEW OF TURKISH BANKING SECTOR AU - Suphi Aslanoglu , Seyfi Yildiz , Selim Cengiz Y1 - 2017 PY - 2017 N1 - doi: 10.17261/Pressacademia.2017.365 DO - 10.17261/Pressacademia.2017.365 T2 - Journal of Economics Finance and Accounting JF - Journal JO - JOR SP - 48 EP - 69 VL - 4 IS - 1 SN - -2148-6697 M3 - doi: 10.17261/Pressacademia.2017.365 UR - https://doi.org/10.17261/Pressacademia.2017.365 Y2 - 2019 ER -
EndNote %0 Journal of Economics Finance and Accounting CAPITAL INCREASE IN INCORPORATED COMPANIES: REVIEW OF TURKISH BANKING SECTOR %A Suphi Aslanoglu , Seyfi Yildiz , Selim Cengiz %T CAPITAL INCREASE IN INCORPORATED COMPANIES: REVIEW OF TURKISH BANKING SECTOR %D 2017 %J Journal of Economics Finance and Accounting %P -2148-6697 %V 4 %N 1 %R doi: 10.17261/Pressacademia.2017.365 %U 10.17261/Pressacademia.2017.365
ISNAD Aslanoglu, Suphi , Yildiz, Seyfi , Cengiz, Selim . "CAPITAL INCREASE IN INCORPORATED COMPANIES: REVIEW OF TURKISH BANKING SECTOR". Journal of Economics Finance and Accounting 4 / 1 (March 2017): 48-69 . https://doi.org/10.17261/Pressacademia.2017.365
AMA Aslanoglu S , Yildiz S , Cengiz S . CAPITAL INCREASE IN INCORPORATED COMPANIES: REVIEW OF TURKISH BANKING SECTOR. JEFA. 2017; 4(1): 48-69.
Vancouver Aslanoglu S , Yildiz S , Cengiz S . CAPITAL INCREASE IN INCORPORATED COMPANIES: REVIEW OF TURKISH BANKING SECTOR. Journal of Economics Finance and Accounting. 2017; 4(1): 69-48.