rjbm Research Journal of Business and Management 2148-6689 Suat TEKER 10.17261/Pressacademia.2017.479 THE POSITION AND IMPORTANCE OF THE BEHAVIORAL FINANCE TO SOLVE THE FINANCIAL PROBLEMS OF SMEs Yurttadur Mustafa Celiktas Ebru 06 30 2017 4 2 227 235 04 04 2017 Copyright © 2014, Research Journal of Business and Management 2014 Research Journal of Business and Management

Purpose- Thebehavioral finance searches about how the decision-making mechanisms offinancial directors in their mind structure are affected by the social, sensualand mental prejudgments. Since the small and medium-sized enterprises aremostly the family businesses in our country, professional approaches in the financialmanagement of companies are not found. Methodology-Due to being one or more than one person takes care of the decisionmechanisms and the decisions are being taken as a result of the knowledge,abilities, education and experiences of the people; it is observed that thefinancial management functions of the companies are not used productively. Findings- The biggestproblems of small and medium-sized enterprises are in fields of finance. Bythis purpose, after being described the concepts in the study, the relationsbetween these terms and literature are tried to be supported by the primarystudies to achieve this purpose. The hypothesizes of the study are started tobe improved by being generated the theoretic frame. Conclusion- The researchwas actualized by a questionnaire form about what the financial problems of thesme are and if these problems could be solved by the behavioral finance or not.The dimensions where the behavioral finance is sufficient for solving thefinancial problems were determined by the result of the analyses and seen thata significant relation between the financial challenges and the behavioralfinance as directly proportional.

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