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Journals / Uluslararası Yönetim İktisat ve İşletme Dergisi / 2020 / Cilt: 16 - Sayı: 3

THE GLOBAL FINANCIAL CRISIS AND CAPITAL STRUCTUREDECISIONS OF TURKISH SMEs: A REVIEW

KÜRESEL FİNANSAL KRİZ VE TÜRK KOBİLERİNİN SERMAYE YAPISI KARARLARI: BİR İNCELEME

Hasan TEKİN
Ali Yavuz POLAT
Pages
513–535
Publication Date
2022-11-06
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

As might be anticipated, we expect that SMEs should take more precautionary steps under the severe crisis conditions compared to listed firms in Borsa Istanbul.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Due to the arising uncertainties with the global financial crisis, capital structure decisions became crucial for Turkish firms, especially small and medium-sized (SMEs) firms.
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Key Findings & Data:Since SMEs face higher information asymmetry, transaction costs and risk, they face more difficulties in accessing finance during the financial market turmoil.
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Conclusion & Impact:As might be anticipated, we expect that SMEs should take more precautionary steps under the severe crisis conditions compared to listed firms in Borsa Istanbul.
🔬Design:Review & Systematic Survey
📍Scope:Comprehensive Sample
⚙️Variables:Domain Parameters

Abstract

Due to the arising uncertainties with the global financial crisis, capital structure decisions became crucial for Turkish firms, especially small and medium-sized (SMEs) firms. Since SMEs face higher information asymmetry, transaction costs and risk, they face more difficulties in accessing finance during the financial market turmoil. In this review, we comparatively analyze findings from capital structure decisions for Turkish firms. As might be anticipated, we expect that SMEs should take more precautionary steps under the severe crisis conditions compared to listed firms in Borsa Istanbul.

Özet

Küresel finansal krizle birlikte belirsizlikler artmış, böylece, sermaye yapısı kararları Türkfirmaları, özellikle küçük ve orta ölçekli (KOBİ) firmalar için çok önemli hâle gelmiştir. KOBİ’ler dahayüksek bilgi asimetrisi, işlem maliyetleri ve riskle karşı karşıya olduğundan, finansal piyasalardaki kargaşa sırasında finansmana erişimde daha fazla güçlükle karşılaşırlar. Bu incelemede, Türk firmalarının sermaye yapısı kararlarından elde edilen bulguları karşılaştırmalı olarak analiz ediyoruz.Tahmin edilebileceği gibi, ciddi kriz koşullarında KOBİ’lerin Borsa İstanbul’da listelenen firmalardandaha fazla önlem almasını bekliyoruz.

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Cite This Article

TEKİN, H., POLAT, A. Y. (2022). THE GLOBAL FINANCIAL CRISIS AND CAPITAL STRUCTUREDECISIONS OF TURKISH SMEs: A REVIEW. Uluslararası Yönetim İktisat ve İşletme Dergisi, Cilt: 16 - Sayı: 3, 513–535. https://ajindex.com/articles/645417

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