CAPITAL INCREASE IN INCORPORATED COMPANIES: REVIEW OF TURKISH BANKING SECTOR

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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