TY  - JOUR
TT  - The Effcet of the Abilty to Access to Bank Credit and the Complexity of the Financial Distress in the Process of Successfully Dept Restructuring Firms
AU  - Kaplan, Selçuk
PY  - 2017
DA  - May
DO  - 10.29023/alanyaakademik.310656
JF  - Alanya Akademik Bakış
PB  - Alanya Alaaddin Keykubat Üniversitesi
WT  - DergiPark
SN  - 2651-4192
SP  - 25
EP  - 38
VL  - 1
IS  - 2
KW  - finansal başarısızlık
KW  - yapılandırma
N2  - n this study, the bank contribution  and the effect of the complexty of the financial distress were inversigated in the proses of sucsesfully dept restructurig  of totally 109 firms that restructure their bankdept by the means of out of court resolution. Bank contribution  to the  proses is represented by ratio of credit line fulness ,the  data extracted from TCMB resource, and the complexty of the problem are measured by interest payment performans of the firms. While the failure firms’ abilty to use credit line was limited,the  complexty of the trouble was increased.In the logit model, It is important to use creditline for the seccessful firms in terms of competing deptrestructuring.
CR  - KAYNAKÇA 
Asquit,P.,Gertner,R.,Scharfstein,D.(1991) Anatomy of Financial Distress: An Examination of Junk 
          Issuers,NBER Working Paper 3942,papers.ssrn.com/sol13/papers.cfm?abstract=227358 
 
Brown,D.,James,C.,Mooradian,R.(1993)The Information content of  Restructuring İnvolving Public and   
          Private dept Claims. Journal of Financial . 33  : 39-118 
 
Franks,J.,Torous,W.( 1994) A Comparison of Financial Recontracting in Distressed Exchanges
          And Chapter 11 reorganization, Journal of Financial Economicis :35,S.349-370
 
Gertner,R., Scharfstein, D.(1991).A Theory of Workouts and the effects of Reorganization Law .
          The journal of Finance.46 (4) : 1189-1222
CR  - Gilson,C .,Kose,J.,Lang.L.1990 .Troubled Dept Restructuring An Emprical Study of Private Reorganization  
          Of firms in default. Journal of Financial Economics .(27) :315-353
CR  - Gilson,C.(1997).Transaction Costs and Capital Structure Choice:Evidence from Financially 
          Distressed Firms .The Journal of Finance.52(1) :161-196) 
Hotchkiss,E.,Kose,J.,Moordian ,R.,Thorburn,K.(2008), ”Bankruptcy and The Resolution of Finacial                                                                            
          Disress” ,Handbook of Emprical Corporate,Volume 2,Edited by B.EspenEckbo,
          Papers.ssrn.com/sol3/papers.cfm?abstract_id=1086942 
James,C.(1996). Bank Dept Restructuring and the Composition of Exchange Offers in Financial Distress”
          The Journal of Finance.51 (2) : 711-727
 
Mooradian,R.(1994).The Effect of bankruptcy Protection on Investment:Chapter 11 as a Screening  
          Device.The Journal of Finance.49(3) : 1403-1430
CR  - Ofek, E.(1993). Capital Structure and Firm Response to poor Performance An Emprical Analysis “ Journal  
          of Financial Economics.34 : 3-30
UR  - https://doi.org/10.29023/alanyaakademik.310656
L1  - https://dergipark.org.tr/tr/download/article-file/349264
ER  -