Entrepreneurial Finance in Turkey: A Comparison of German Entrepreneurial Index (GEX) with Borsa Istanbul Emerging Companies Market (ECM)

Öz

Türkiye'de Girişimcilik Finansmanı: Alman Girişimcilik Endeksi (GEX) ile Borsa İstanbul Gelişen İşletmeler Piyasasının (GİP) Karşılaştırılması

Öz

Small and medium-sized enterprises have many unique features that distinguish them from large businesses. Because of these features, the management and financing of these companies also differ. Due to different financing sources and different financial management “Entrepreneurial Finance” has emerged and has addressed the financing decisions of entrepreneurs. This study attempts to explain the development of entrepreneurial financing in Turkey. It also discusses the emergence of new sources of funding, such as entrepreneurial indices created for small and medium-sized enterprises. In addition, it compares the German Entrepreneurial Index with Borsa Istanbul Emerging Companies Market, and highlights common and different aspects of these two indices.

Anahtar Kelimeler

• Entrepreneurial finance,SMEs,GEX,ECM

Kaynakça

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