Temel olarak firmalar bor\u00e7lanma ve \u00f6zkaynak yollar\u0131yla elde ettikleri kaynaklar\u0131n\u0131 varl\u0131klar\u0131n\u0131 finanse etmek i\u00e7in kullan\u0131rlar. Finansman\u0131n ne kadar\u0131n\u0131n bor\u00e7 ile ne kadar\u0131n\u0131n \u00f6zkaynak ile finanse edilmesi gerekti\u011fi hakk\u0131ndaki tart\u0131\u015fmalar, finans\u0131n bir bilim olarak alg\u0131lanmaya ba\u015flamas\u0131ndan bu yana s\u00fcre gelmi\u015ftir. Bu tart\u0131\u015fma finans e\u011fitimi almam\u0131\u015f bireyler i\u00e7in belki de \u00e7ok b\u00fcy\u00fck bir anlam ifade etmemekte ve farkl\u0131 bak\u0131\u015f a\u00e7\u0131lar\u0131 ile ortaya koyulan yakla\u015f\u0131mlar \u00e7ok da anlaml\u0131 gelmemektedir. Di\u011fer taraftan bu konunun finans bilimi i\u00e7erisinde asl\u0131nda ne kadar \u00f6nemli bir konu oldu\u011funu kavramak, finans biliminin ne kadar anla\u015f\u0131ld\u0131\u011f\u0131 ile ili\u015fkilidir. S\u00f6z konusu yakla\u015f\u0131mlar a\u00e7\u0131s\u0131ndan Modigliani ve Miller (1958) yakla\u015f\u0131m\u0131 \u00f6nemli bir noktad\u0131r. Bu \u00e7al\u0131\u015fma \u00f6ncesindeki yakla\u015f\u0131mlar daha \u00e7ok “belli bir bor\u00e7-\u00f6zkaynak karmas\u0131 ile firma de\u011ferini artt\u0131rmak m\u00fcmk\u00fcn m\u00fcd\u00fcr yoksa de\u011fil midir\u201d sorusuna cevap ararken, Modigliani ve Miller (1958) sonras\u0131nda ortaya \u00e7\u0131kan yakla\u015f\u0131mlar ise bu optimal sermaye yap\u0131s\u0131n\u0131 aramak yerine firmalar\u0131n sermaye yap\u0131s\u0131 kararlar\u0131nda etkili olan fakt\u00f6rleri ara\u015ft\u0131rmay\u0131 ama\u00e7lam\u0131\u015flard\u0131r. Farkl\u0131 bak\u0131\u015f a\u00e7\u0131lar\u0131yla da olsa farkl\u0131 noktalar\u0131 savunan ve zaman man birbirine ters d\u00fc\u015fen yakla\u015f\u0131mlar\u0131n asl\u0131nda \u00e7ok da farkl\u0131 olmad\u0131\u011f\u0131, bahsedilen farkl\u0131l\u0131klar\u0131n\u0131n birbirinden de\u011fi\u015fik durumlar\u0131 a\u00e7\u0131klamakta faydal\u0131 oldu\u011fu ve t\u00fcm yakla\u015f\u0131mlar\u0131n belli durumlarda gerek biz akademisyenlere gerekse de firma y\u00f6neticilerine \u0131\u015f\u0131k tutma potansiyelinin g\u00f6z ard\u0131 edilmemesi gerekti\u011fi kavranabilir. Bu kitap, s\u00f6z konusu kavramsal tart\u0131\u015fmalar\u0131 anla\u015f\u0131lmas\u0131 kolay bir bi\u00e7imde \u00f6\u011fretim elemanlar\u0131na, lisans ve lisans\u00fcst\u00fc \u00f6\u011frencilere, piyasadaki uygulay\u0131c\u0131lara ve konuyla ilgili di\u011fer okuyuculara aktarmay\u0131 ama\u00e7lamas\u0131n\u0131n yan\u0131nda deneysel bir ara\u015ft\u0131rman\u0131n sonu\u00e7lar\u0131n\u0131 da aktarmay\u0131 ama\u00e7lam\u0131\u015ft\u0131r. Firmalar\u0131n sermaye yap\u0131s\u0131n\u0131 etkileyen fakt\u00f6rleri ara\u015ft\u0131ran gerek yerli gerekse de yabanc\u0131 literat\u00fcrden farkl\u0131 olarak bu \u00e7al\u0131\u015fmada, toplam talep volatilitesinin firmalar\u0131n bor\u00e7lanma e\u011filimlerini ne \u015fekilde etkiledi\u011finin ortaya konulmas\u0131 ama\u00e7lanm\u0131\u015ft\u0131r.<\/p>\n","protected":false},"excerpt":{"rendered":"
Temel olarak firmalar bor\u00e7lanma ve \u00f6zkaynak yollar\u0131yla elde ettikleri kaynaklar\u0131n\u0131 varl\u0131klar\u0131n\u0131 finanse etmek i\u00e7in kullan\u0131rlar. Finansman\u0131n ne kadar\u0131n\u0131n bor\u00e7 ile ne kadar\u0131n\u0131n \u00f6zkaynak ile finanse edilmesi [\u2026]<\/span><\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"product_brand":[],"product_cat":[17249,13043],"product_tag":[],"class_list":{"0":"post-723350","1":"product","2":"type-product","3":"status-publish","5":"product_cat-borsa-finans","6":"product_cat-ekonomi","7":"pa_cilt-ciltsiz","8":"pa_tur-kitap","9":"pa_yayinevi-gazi-kitabevi","10":"pa_yazar-bahadir-ergun","12":"first","13":"instock","14":"sale","15":"shipping-taxable","16":"purchasable","17":"product-type-simple"},"_links":{"self":[{"href":"https:\/\/roveyayinevi.com.tr\/index.php\/wp-json\/wp\/v2\/product\/723350","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/roveyayinevi.com.tr\/index.php\/wp-json\/wp\/v2\/product"}],"about":[{"href":"https:\/\/roveyayinevi.com.tr\/index.php\/wp-json\/wp\/v2\/types\/product"}],"wp:attachment":[{"href":"https:\/\/roveyayinevi.com.tr\/index.php\/wp-json\/wp\/v2\/media?parent=723350"}],"wp:term":[{"taxonomy":"product_brand","embeddable":true,"href":"https:\/\/roveyayinevi.com.tr\/index.php\/wp-json\/wp\/v2\/product_brand?post=723350"},{"taxonomy":"product_cat","embeddable":true,"href":"https:\/\/roveyayinevi.com.tr\/index.php\/wp-json\/wp\/v2\/product_cat?post=723350"},{"taxonomy":"product_tag","embeddable":true,"href":"https:\/\/roveyayinevi.com.tr\/index.php\/wp-json\/wp\/v2\/product_tag?post=723350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}