29 research outputs found
Intellectual Capital in Enterprises and a Model Study in an Industrial Zone
Get PDFIntellectual Capital in Enterprises and a Model Study in an Industrial Zone
Abstract
The study mainly consists of two parts. The first part includes theoretical knowledge, the second part includes application-oriented information.
In the theoretical part of the study, intellectual capital and SMEs are emphasized in general. In the application-oriented part of the study, a field research will be done for Corum SME. In this study, the demographic structure of Corum SMEs, intellectual capital structure and financial performance of this structure will be evaluated. The resulting data will be analyzed in this context. The businesses operating in the Organized Industrial Zone of Corum and those matching the definition of SME will be considered within the research scope. Surveys will be applied by interviewers face to face and each survey will be evaluated individually. After the evaluation, a model will be proposed.
The aim of our study is to investigate the relationship between components of intellectual capital in SMEs and business performance. For this reason, a survey will be conducted for SMEs. Since the results of the study will be shared with scientific circles and the public, they will prove to be guiding for Çorum SMEs
The Effects of Right Offering Announcements on Returns of Shares of Deposit Banks Traded in İstanbul Stock-Exchange
Get PDFIn this study, the impacts of right offerings announcements on the returns of shares are analysed. Right offerings means to have the rigth of receiving new shares in proportion to shares on hand when the corporation issues new shares for outsourcing capital increase. In this study, before and after the right issue announcements, the abnormal returns (AR) of shares of the banks in Istanbul Exchange Market-100 calculated and the return changes are analysed
THE EVALUATION OF WORKING CAPITAL IN AIRLINE COMPANIES WHICH PROCEED IN BIST
Get PDFThe working capital like cash and liquid assets runs the facilities and supports daily activities of firms. This kind of capital is essential to continuity of activities, increase of volume, maintain credibility, reduce impacts of risks and to overcome with extraordinary situation. The working capital management is very important for making profits from activities, especially for dynamic sectors like aviation.
The aviation industry which airline companies operate is a very dynamic sector. In this sector working capital has to be managed very professionally and carefully by airline companies. This study aims to assess the airline companies’ working capital in terms of effectiveness. Airline companies which shares traded on BIST will be sample of this study
Quality Cost s Constitution and Effects on Financial Decision in Enterprise A Research in Corum s Enterprises 2009
No full textDoes Financial Development Index Affect Turkey Macroeconomic Variables?
Get PDFFor many years, the relationship between financial development and economic growth has been questioned. In this context, the interest of academics as well as the high level of curiosity of practitioners draws attention. The fact that the subject has been discussed for many years has led to the emergence of many studies in the field. The number of studies in this field has increased in recent years. In this study, the relationship between the financial development index, national income, consumer confidence index, US Dollar Exchange Rate, and profitability ratios of banks has been tried to be examined. In the study, data obtained between 1990 and 2020 were used. According to the results obtained from the study, a causal relationship could not be determined between the financial development index and the national income, consumer confidence index, and the US Dollar exchange rate. On the other hand, a causal relationship was found between the financial development index and the profitability ratios of banks. In other words, there is a relationship between the financial development index and bank profitability ratios, and as the financial development index rises, the profitability of the banks also increases. On the other hand, in both models, there is no causal relationship between the financial development index and consumer confidence, per capita GNP, and the US Dollar exchange rate. The results obtained from the study were also compared with previous studies. According to the findings, the study shows parallelism with the findings obtained in the following studies: De Gregorio and Guidotti (1995), Singh (1997), Rousseau and Wachtel (2000), Arestis et al. (2001), Calderon and Liu (2003), Rioja and Valev (2004), Atindehou et al (2005), Afsar (2008), Narayan and Narayan (2013), Menyah et al (2014), Grassa and Gazdar (2014), Ductor and Grechyna (2015), Inancli et al (2016), Opoku et al. (2019). At the same time, a positive relationship was found between financial development and bank profitability. Studies showing parallelism in this context are: Ting (2017), Sufian and Habibullah (2009), and Flamini et al. (2009)
Financial Failure Forecast with Altman Model: An Application in Companies Operating In BIST Wood, Paper and Printing Index
No full textBu çalışmanın amacı, Edward I. Altman tarafından geliştirilen ve işletmelerin finansal başarısızlıklarını tahmin etmek için kullanılan Altman Z Skor Modelini uygulayarak Borsa İstanbul Orman, Kağıt ve Basım Endeksinde faaliyet gösteren şirketler üzerinde uygulama yapmaktır. Uygulamayı yapabilmek için, araştırma konusu olan endeks de yer alan şirketlerin 2016-2020 yılları arasında sahip oldukları bilanço ve gelir tablolarından yararlanılarak, model uygulaması için gerekli finansal oranlar hesaplanmıştır. Hesaplanan finansal oranlar, modelde uygulanan katsayılar ile çarpılarak her bir şirketin araştırma yıllarına ait Z Skorları tespit edilmiş ve finansal başarısızlık tahmin edilmeye çalışılmıştır. Çalışmanın sonucunda, endekste bulunan 15 şirket içerisinde 7 şirketin iflas etme riskinin yüksek olduğu tahmin edilmiştir.The aim of thisstudy is to apply the Altman Z Score Model developed by Edward I. Altman and used to predict financial failures of businesses, and to apply on companies operating in Borsa IstanbulWood, Paper and Printing Index. In order to make the application, the necessary financial ratios for the model application were calculated by using the balancesheets and income statements of the companies included in the index, which is the subject of the research, between 2016-2020. By multiplying the calculated financial ratios with the coefficients applied in the model, the Z Scores of each company for the research years were determined and financial failure was predicted. As a result of the study, it was estimated that 7 out of 15 companies included in the index had a high risk of bankruptcy
EVALUATION OF FINANCIAL PERFORMANCES OF SME’S LISTED IN THE BIST SME INDUSTRIAL INDEX BY USING TOPSIS MULTICRITERIA DECISION MAKING METHOD
Get PDFIn this study, the financial performances of SMEs listed in the BIST SME Industrial Index are evaluated by using TOPSIS multicriteria decision-making method. The data of the study acquired from annual financial statements that reported between the 2016-2018 period. Financial performance ranks of SMEs are determined for each year and thus comparative financial performances of SMEs are detected.BIST SME Industrial Index is an index that includes stocks of industrial SMEs traded in BIST Stars, BIST Main, and BIST Emerging Companies markets. SMEs have great importance for the Turkish economy, with their dynamizing roles and with their crucial roles in regional development and job creation. According to the Turkey Statistical Institute data, Turkish SMEs constitute 99.8 % of all enterprises in Turkey. At the same time, Turkish SMEs provide 72.7% of total employment, 62% of total sales, and 58% of the total investments of the Turkish Economy.Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) is one of the multicriteria decision-making methods that commonly used in the evaluation of financial performances of firms. The TOPSIS method is based on two main points: the positive ideal solution and the negative ideal solution. With the help of the TOPSIS method, the distances positive ideal solutions and negative ideal solutions of all options are calculated. Options are ranked according to their proximity to the positive ideal solution and their distance to the negative ideal solution.
DETERMINATION of FINANCIAL LITERACY LEVEL: A STUDY on HITIT UNIVERSITY FACULTY of ECONOMICS and ADMINISTRATIVE SCIENCES STUDENTS
Get PDFFinancial literacy is the level of financial knowledge, attitude and behavior that enables individuals to manage their income, expenses and assets in a way that does not cause financial problems both today and in the future. As individuals' financial literacy levels increase, unnecessary consumption and waste of resources will decrease and the efficiency of investments will increase. Increasing the level of financial literacy will ensure a more balanced formation of asset prices in financial markets and prevent the formation of price bubbles in the markets. Today, financial markets around the world are almost integrated, financial transactions have become possible quickly through portable electronic devices. In this environment, the difference in welfare between individuals and societies with financial literacy and individuals and societies without financial literacy has increased more than in any other period in history. In this study, it is aimed to measure the financial literacy level of the students of Hitit University Faculty of Economics and Administrative Sciences located in the province of Çorum. The data of the study were obtained from a questionnaire with the participation of 400 students studying in 5 different departments. By using the percentages of the correct answers given to the questions, success scores were created on the basis of departments. With the help of the T-test and ANOVA tests, the relationship between students' financial literacy and whether they use department, gender, class and credit card was determined. As a result of the study, it was determined that there are significant relationships between the departments and classes in which students study and their financial literacy, and no significant relationships were found between their credit card and internet banking usage and gender and financial literacy
