Finansal Araştırmalar ve Çalışmalar Dergisi最新文献

{"title":"THE RELATIONSHIP BETWEEN INTELLECTUAL CAPITAL AND PERFORMANCE: A STUDY ON TURKISH BANKING SECTOR","authors":"Yusuf Yilmaz, A. Aybars","doi":"10.14784/marufacd.976556","DOIUrl":"https://doi.org/10.14784/marufacd.976556","url":null,"abstract":"Bu makalede, entelektuel sermayenin (IC) artan onemi goz onune alinarak VAIC (Katma Degerli Entelektuel Katsayi) modeli kullanilmis ve entelektuel sermayenin ve bunun uc bileseninin Turk bankalarinin finansal performansi uzerindeki etkilerine odaklanilmistir. Turkiye'de faaliyet gosteren 20 bankadan olusan orneklemimiz, 2013/4C - 2019/3C donemini kapsamaktadir. Finansal performans, genis capta kabul goren iki muhasebe orani olan aktif karliligi (ROA) ve oz kaynak karliligi (ROA) ile olculmustur. Sonuclar, VAIC’in, beseri sermaye verimliliginin (HCE) ve isletme sermayesi verimliliginin (CEE) bankalarin finansal performansi ile pozitif korelasyon gosterdigini belirtmektedir. Ozellikle, sonuclar bankalarin kârliligini artirmak ve surdurulebilir duruma getirmek icin entelektuel sermaye, beseri sermaye, finansal sermaye ve fiziksel sermayenin onemini gostermektedir.","PeriodicalId":440701,"journal":{"name":"Finansal Araştırmalar ve Çalışmalar Dergisi","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115765817","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"BELEDİYE TAŞINMAZLARININ DEĞERLENDİRİLMESİNDE YEREL YÖNETİM BANKACILIĞININ ROLÜ VE BELEDİYELERİN YAKLAŞIMI","authors":"Pınar Yeğiner, Yeşim Tanrivermiş","doi":"10.14784/marufacd.976541","DOIUrl":"https://doi.org/10.14784/marufacd.976541","url":null,"abstract":"","PeriodicalId":440701,"journal":{"name":"Finansal Araştırmalar ve Çalışmalar Dergisi","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124734189","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"TFRS-9 FİNANSAL ARAÇLAR STANDARDININ PORTFÖY YÖNETİMİ ŞİRKETLERİNİN FİNANSAL TABLOLARINA ETKİSİNİ MUHASEBENİN ÖNEMLİLİK KAVRAMI ÇERÇEVESİNDE VAKA ÇALIŞMASI İLE DEĞERLENDİRİLMESİ","authors":"Alim Telci̇","doi":"10.14784/marufacd.976483","DOIUrl":"https://doi.org/10.14784/marufacd.976483","url":null,"abstract":"TFRS 9 standartı, ilk ortaya çıktığı günden beri toplum ihtiyaçlarına göre gelişme göstermiş olan muhasebe biliminin finansal araçların muhasebeleştirilmesi ile ilgili olarak ulaştığı son noktadır. 1 Ocak 2018 tarihinden itibaren TFRS 9 standartı TMS 39’un yerini alarak finansal varlık ve yükümlülüklerin nasıl sınıflandırılacağına, ölçüleceğine, bilanço dışına alınacağına ve riskten korunma muhasebesine rehberlik etmeye başlamıştır. Türkiye’de finansal sektörün küçük bölümünü oluşturan Portföy Yönetim Şirketleri de TFRS 9’u 2018 yılından itibaren finansal raporlarında titizlikle uygulamıştır. Çalışmanın temel amacı TFRS 9 uygulamasının Portföy Yönetim Şirketlerinin finansal tablolarında önemli bir etki yaratıp yaratmayacağını incelerken bu değerlendirmeyi bir vaka analizi çerçevesinde muhasebenin önemlilik kavramı üzerinde şekillendirmektir. Çalışmadaki vaka analizi sonucunda TFRS 9 uygulamasıyla ortaya çıkan kredi karşılığı zararının şirketin finansal raporlarına olan etkisinin muhasebenin önemlilik kavramı paralelinde önemsenmeyecek seviyede olduğu tespit edilmiştir. Çalışma TFRS 9’un etkisinin önemsizliğinin nedenini ilgili şirketlerin uyum göstermekle yükümlü oldukları Sermaye Piyasası Kanunu ve ilişkili tebliğlerin düzenlemelerine dayandırmaktadır.","PeriodicalId":440701,"journal":{"name":"Finansal Araştırmalar ve Çalışmalar Dergisi","volume":"60 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116745539","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"DÖVİZ KURU OYNAKLIĞININ MARKOV REJİM DEĞİŞİM YÖNTEMİYLE ANALİZİ: TÜRKİYE ÖRNEĞİ","authors":"Zekai Şenol","doi":"10.14784/marufacd.976482","DOIUrl":"https://doi.org/10.14784/marufacd.976482","url":null,"abstract":"","PeriodicalId":440701,"journal":{"name":"Finansal Araştırmalar ve Çalışmalar Dergisi","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122030996","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"PİYASA VOLATİLİTESİNİN KONUT KREDİ HACMİNE ETKİSİ: TÜRK BANKACILIK SEKTÖRÜNE İLİŞKİN BİR UYGULAMA","authors":"İlker Koç, Mete Bumi̇n, Yaşam Demir","doi":"10.14784/marufacd.976616","DOIUrl":"https://doi.org/10.14784/marufacd.976616","url":null,"abstract":"Housing loans, which are the most important source of the housing finance market in Turkey, have deve-loped in recent years. The most important variable affecting the development of housing loans is the housing loan cost, in other words, housing loans interest rates. On the other hand, there is a relationship between housing loan volume and interest rate volatility regardless of the interest rate level. In this study, we aimed to analyse the relationship between the volume of housing loans in the Turkish banking sector and interest rate volatility using econometric methods. For this purpose, the simultaneous equation model estimated by the “Three-Stage Least Squares” (3SLS) method was used. We aimed to contribute to the literature by analyzing the relationship between the housing loans of Turkish banking sector and market interest rate volatility. It has benefited from the long-term co-integration approach for the 3SLS method estimation of the non-stationary time series for housing loan, income, inflation and interest rate volatility in the model. As a result of the analysis, we found that market volatility has a significant impact on the mortgage loan volume. In addition, it has been evaluated that this situation may have resulted from the fact that savers tend to use higher-yielding instruments during periods when interest rates are generally negative.","PeriodicalId":440701,"journal":{"name":"Finansal Araştırmalar ve Çalışmalar Dergisi","volume":"91 10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128011921","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"HAVACILIK SEKTÖRÜNDE SPESİFİK FİNANSAL ORANLAR: TÜRKİYE’DEKİ HAVAYOLU ŞİRKETLERİ ÜZERİNE ANALİZ VE DEĞERLENDİRME","authors":"Yaşar Köse","doi":"10.14784/marufacd.976607","DOIUrl":"https://doi.org/10.14784/marufacd.976607","url":null,"abstract":"Turk Sivil Havacilik Sektorunde yer alan iki onemli havayolu sirketi olan THY A.O ve Pegasus Hava Tasimaciligi A.Ş stratejileri farkli da olsa, bu sirketler rekabet gucunu koruyabilmek icin gelirlerini artirma, maliyetlerini en aza indirme cabasindadirlar. Bu calismanin ilk asamasinda Turk Sivil Havayolu sektorunde yer alan Turk Hava Yollari A.Ş.ve Pegasus A.Ş.’nin 2014 ile 2019 yillari arasinda 6 yillik verileri sirketlerin ilgili yillarda faaliyet rapor ve faaliyet tablo verileri kullanilarak, calismada konu edilen oranlar analiz edilerek hesaplanmis ve ulasilan bulgular yorumlanarak degerlendirilmistir. Calismanin ikinci asamasinda elde edilen bu veriler TOPSIS (Tecnique for Order Preference by Similarity to Ideal Solution) yontemiyle analiz edilmis ve belirtilen iki havayolu tasimacilik sirketinin finansal performansi analiz edilmis, degerlendirilerek yorumlanmistir. Sadece geleneksel finansal oran analizi yerine, gunumuzde Havayolu Tasimacilik Sektorunde yapilan analizlerde oldugu gibi, ozel finansal oranlar yolu ile Havayolu sirketlerin analiz edilmesi calismayi literaturde yer alan diger calismalardan ayirmakta ve onemini artirmaktadir. Calismada yapilan analizin ilk bolumunde, arastirmaya konu olan havayolu sirketlerinin ozel finansal oranlari 2014-2019 yillari periyodunda, olusturulan tablolar ve grafikler yardimiyla ortaya konulmustur. Yapilan analizde 2014-2019 yillari arasinda THY A.O. ve Pegasus Hava Tasimaciligi A.Ş.’nin performans verileri hesaplanarak analiz edilmistir. THY A.O.’nin spesifik finansal oranlar olarak adlandirilan temel olarak CASK ve RASK degerleri incelen yillarda, Pegasus Hava Tasimaciligi A.Ş.’nin degerlerinden daha yuksek seyrettigi belirlenmistir. Calismada yapilan analizin ikinci bolumunde, yine ayni zaman periyodunda incelenen iki havayolu sirketinin tespit edilmis one cikan 7 adet ozel finansal orani kullanilarak TOPSIS yontemi yoluyla sirketlerin analizi yapilmistir. TOPSIS yontemine gore kullanilan veriler esas alinarak THY A.O. calismanin birinci asamasina benzer sekilde Pegasus Hava Tasimaciligi A.Ş.’ye gore finansal acidan daha basarili olarak belirlenmistir.","PeriodicalId":440701,"journal":{"name":"Finansal Araştırmalar ve Çalışmalar Dergisi","volume":"112 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126770597","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"ŞİRKET BÜYÜKLÜKLERİNİN SERMAYE YAPISI KARARLARI ÜZERİNDEKİ ETKİLERİNİN ÖDÜNLEŞME VE FİNANSMAN HİYARERŞİSİ TEORİLERİ BAĞLAMINDA TEST EDİLMESİ: BİST 100 ŞİRKETLERİNİN PANEL DATA ANALİZİ (2009-2019)","authors":"Selahattin Öztürk, Güven Sayilgan","doi":"10.14784/marufacd.976597","DOIUrl":"https://doi.org/10.14784/marufacd.976597","url":null,"abstract":"Bu calismada; BIST 100 endeksinde yer alan sanayi sirketleri ortalama buyukluklerine gore kucuk, orta ve buyuk olmak uzere uc farkli gruba ayrilmistir. Bu calismada asagidaki iki soruya cevap aranmistir: Ayni grup icindeki sirketler diger gruplara gore farkli bir sermaye yapisi karakteristigine (pattern) sahip midir? Ayni grupta yer alan sirketlerin sermaye yapisi tercihleri hangi teori ile uyumludur? Panel veri analizi yontemi ile yapilan calismada 2009 – 2019 yillari arasindaki veriler kullanilmistir. Calisma ile sanayi sirketlerinin tamaminin dâhil edildigi grup ve buyuk sirketleri iceren 3. grup sirketlerin belirgin bir sermaye yapisi tercihlerinin bulunmadigi, kucuk sirketleri iceren 1. grup sirketlerin finansman hiyerarsisi teorisiyle uyumlu, orta buyuklukteki sirketlerin yer aldigi 2. grup sirketlerin ise odunlesme teorisiyle uyumlu sermaye yapisi tercihlerinde bulunduklari sonucuna ulasilmistir.","PeriodicalId":440701,"journal":{"name":"Finansal Araştırmalar ve Çalışmalar Dergisi","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130100694","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"FED’İN PARA POLİTİKALARININ KIRILGAN BEŞLİ ÜLKELERİ ÜZERİNDE YAYILMA ETKİLERİ: PANEL VAR YAKLAŞIMI İLE MODELLEME","authors":"Saltuk Ağiralioğlu","doi":"10.14784/MARUFACD.879148","DOIUrl":"https://doi.org/10.14784/MARUFACD.879148","url":null,"abstract":"After he 2008 Global Crisis, the FED implemented unconventional monetary policies along with conventional monetary policies. FED policies are generally thought to have spillover effects on emerging market economies. This article compare effects of FED monetary policies between January 2008 – December 2019 on fragile five countries’(Brazil, India, Indonesia, South Africa and Turkey) two-year bond yields stock prices and exchange rates with panel VAR model. The monetary policies implemented by the FED between 2008-2019 have been analyzed in three sub-periods as the 2008-2012 QE (Quantitative Easing) period, the 2013-2015 Tapering period (reduction of bond purchases) and the 2016-2019 normalization period. It has been revealed that the non-traditional monetary policies implemented by the FED between 2008-2019 are more effective than traditional policies. This difference was even greater between 2008-2012. It has been observed that unconventional monetary policies initially led to a depreciation and then an increase in the exchange rates of fragile five countries. It has been observed that conventional and unconventional monetary policies in 2008-2012 period have a much more impact on the stock market index, exchange rates and bond interests than the other two periods. Tapering announcements between 2013-2015 caused the effect of monetary policies to diminish and to change direction, although the expansion of FED balance sheet continued. In the normalization period it was observed that the interest rate hike and the tightening of the FED balance sheet did not have as strong effects as in the QE period.","PeriodicalId":440701,"journal":{"name":"Finansal Araştırmalar ve Çalışmalar Dergisi","volume":"193 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124046912","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"TÜRKİYE’DEKİ KATILIM BANKALARININ CRITIC TEMELLİ EDAS YÖNTEMİYLE PERFORMANS DEĞERLENDİRMESİ","authors":"Erdi Bayram","doi":"10.14784/MARUFACD.879171","DOIUrl":"https://doi.org/10.14784/MARUFACD.879171","url":null,"abstract":"Banks are the central institutions of the financial system and impetus of the real sector. Maintaining the reputation of these institutions depends on the success of assets and liabilities management. It has become important to evaluate the performance of banks in an increasingly competitive environment. In this study, the financial performance of Participation banks in Turkey was evaluated by multi-criteria decision-making methods. The importance weights of the criteria were calculated using the CRITIC method, and the performance scores of the banks were obtained using the EDAS method. The study involves banks other than Bank Asya and Emlak Katılım operating between 2010-2019. The financial ratios of banks were used as performance criteria. * Doktora Öğrencisi, Manisa Celâl Bayar Üniversitesi Sosyal Bilimler Enstitüsü, Muhasebe Finansman Bilim Dalı, erdi.bayram@yahoo.com, ORCID: 0000-0003-4478-7231","PeriodicalId":440701,"journal":{"name":"Finansal Araştırmalar ve Çalışmalar Dergisi","volume":"46 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117234783","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"SİSTEM DİNAMİĞİ YAKLAŞIMI İLE COVID-19 EKONOMİK KRİZİ SIRASINDA OPTİMAL PARA POLİTİKASININ BELİRLENMESİ: TÜRKİYE ÖRNEĞİ","authors":"Oya Öztürk, S. Gerlikhan, İ̇̇lhan Kanuşaği, Can Özcan, Z. Seri̇n","doi":"10.14784/MARUFACD.879264","DOIUrl":"https://doi.org/10.14784/MARUFACD.879264","url":null,"abstract":"Starting from mid-March 2020, Covid-19 outbreak spread across the world, the implementation of the social distance and closing the country borders led to the shutdown of economic activities and bring uncertainties for financial markets. Uncertainties have caused a decrease in global risk appetite and resulted to important portfolio outflows from emerging countries. In this process CBRT has started to adopt monetary expansion measures through rate cuts asset purchases to stimulate the financial markets. In this context, this article aims to explore the effects of expansionary monetary policies of CBRT on economic growth, inflation and financial stability in Turkey with a holistic approach. Using a dynamic model, two scenarios were developed covering the * Res. Ass., Hasan Kalyoncu University, Institute of Social Sciences, Department of International Trade and Logistics, Ph.D. Student, Gaziantep, Turkey. E-mail: oya.ozturk.2018@gmail.com, ORCID: 0000-0002-3507-4865 ** Hasan Kalyoncu University, Institute of Social Sciences, Department of Economics, Ph.D. Student, Gaziantep, Turkey. E-mail: selcuk.gerlikhan@bayteks.com, ORCID: 0000-0002-8292-149X *** Lec., Hasan Kalyoncu University, Vocational High School, Department of Banking and Insurance, Gaziantep, Turkey. E-mail: ilhan.kanusagi@hku.edu.tr, ORCID: 0000-0002-0589-1389 **** Res. Ass., Hasan Kalyoncu University, Institute of Social Sciences, Department of International Trade and Logistics, Ph.D. Student, Gaziantep, Turkey. E-mail: can.ozcan@hku.edu.tr, ORCID: 0000-0002-9894-1102 ***** Prof. Dr., Hasan Kalyoncu University, Faculty of Economics, Administrative and Social Sciences, Department of International Trade and Logistics, Gaziantep, Turkey. E-mail: zvildan.serin@hku.edu.tr, ORCID: 0000-0002-5514-7910 Oya ÖZTÜRK • Selçuk GERLİKHAN • İlhan KANUŞAĞI • Can ÖZCAN • Zehra Vildan SERİN 224 period from January 2010 to May 2020. In the first scenario, when monetary expansion policy is implemented, it is assumed that the policy rate and required reserves will not change, but a growth-oriented policy will continue. In the second model, a tight monetary policy, foreign capital inflow and, if necessary, a foreign currency intervention scenario was designed. It was observed that an expansionary monetary policy scenario that is not based on external resources did not fully realize the expected economic recovery. The findings obtained in the second scenario are more effective than the first scenario. Besides that, the second scenario is found more effective on growth, inflation and financial stability.","PeriodicalId":440701,"journal":{"name":"Finansal Araştırmalar ve Çalışmalar Dergisi","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125852592","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}