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Year 2021, Volume: 8 Issue: 2, 94 - 110, 13.07.2021

Abstract

References

  • Abu Orabi, M.M. (2014). The Impact of Leasing Decisions on the Financial Performance of Industrial Companies, Global Journal of Management and Business Research, 14 (2): 25-44.
  • Akel, V., Ergül, N. ve Dumanoğlu, S. (2010), İMKB’DE İşlem Gören Finansal Kiralama Şirketlerinin 2005-2008 Dönemi Finansal Performanslarının Değerlendirilmesi, Marmara Üniversitesi İ.İ.B.F.Dergisi, 18(1), ss.271-292.
  • Aktaş, R., Karğın, S. Ve Arıcı, N. D. (2017). Yeni Kiralamalar Standardı UFRS 16’nın Getirdiği Yenilikler ve İşletmelerin Finansal Tablolarına ve Finansal Oranlarına Olası Etkilerinin Değerlendirilmesi, İşletme Araştırmaları Dergisi, 9(4), 858-881.
  • Alam, H. M., Raza, A., Farhan, M. ve Akram, M. (2011). Leasing Industry in Pakistan: A Comparison ofFinancial Performance ofLeasing Companies, International Journal of Business and Social Science, 2 (10): 218-223.
  • Altıntaş, T. ve Sarı, E. S. (2012), KDV Oranlarındaki Değişikliğin Türk Finansal Kiralama Sektörüne Etkisi, Mali Çözüm Dergisi, Kasım-Aralık, ss.85-97.
  • Bathala, C.T. ve Mukherjee, T.K. (1995). A Surveyof Leasing in Small Firms, Journal of Small Business Finance, 4 (2/3):113-127.
  • Beattie, V., Edwards, K., & Goodacre, A. (1998). The Impact Of Constructive Opareting Lease Capitalisation On Key Accounting Ratios. Accounting and Business Research, 28(4), 233-254.
  • Bennett, B. K., & Bradbury, M. E. (2003). Capitalizing Non-Cancelable Operating Leases. Journal of International Financial Management and Accounting, 14 (2), 101–114.
  • Bohušová, H. (2015). Is Capitalization Of Operating Lease Way To İncrease Of Comparability Of Financial Statements Prepared In Accordance With IFRS And US GAAP?. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 63(2), 507-514
  • Bostwick, E. D., Fahnestock, R. T., & O'Keefe, W. T. (2013). Effects Of Lease Capitalization Techniques On Key Measures Of Financial Performance. Journal of Finance & Accountancy, 12, 91-102.
  • Branswijck, D., Longueville, S., & Everaert, P. (2011). The Financial Impact Of The Proposed Amendments To IAS 17: Evidence From Belgium And The Netherland. Accounting and Management Information Systems, 10(2), 275-294.
  • Brick, I. E., William, F. ve Marti, S. (1987). Leasing And Financial Intermediation: Comparative Tax Advantages. Financial Management, 16, Spring (1987) 55.
  • Ceyhan, İ. F. ve Demirci, F.(2017), MULTIMOORA Yöntemiyle Finansal Performans Ölçümü: Leasing Şirketlerinde Bir Uygulama, Bartın Üniversitesi İ.İ.B.F. Dergisi, 8(15), ss.1-20.
  • Ergül, N. ve Akel, V. (2010). Finansal Kiralama Şirketlerinin Finansal Performansının TOPSIS Yöntemi İle Analizi, Muhasebe Bilim Dünyası Dergisi, 12 (2): 91-118.
  • Fasih Ur Rahman, S.S. (2013). Relationship Between Financial Leverage and Financial Performance: Empirical Evidence of Listed Sugar Companies of Pakistan, Global Journal of Management and Business Research Finance, 13 (8): 33-40.
  • Fitó, M. À., Moya, S., & Orgaz, N. (2013). Considering The Effects Of Operating Lease Capitalization On Key Financial Ratios. Spanish Journal of Finance and Accounting, 42(159), 341-369.
  • Goodacre, A. (2003). Operatinglease Finance In The UK Retail Sector. The International Review Of Retail, Distribution and Consumer Research, 13 (1), 99-125.
  • Griffin, J. J. and Mahon, J. F., (1997). The Corporate Social Performance And Corporate Financial Performance Debate, Business and Society, 36, (1), 5-31.
  • Gritta, R., Lippman, E. (2010). Aircraft Leasing And Its Effect On Air Carriers Debt Burdens: A Comparison Over The Past Several Decades. Journal of the Transportation Research Forum. 49(3): 101-110.
  • Kara, İ. (2001), Leasing İşlemlerinin Muhasebeleştirilmesi (ABD Uygulaması), Muhasebe ve Denetime Bakış Dergisi, 1(3), 57–71.
  • Kırlıoğlu, H., ve Öztaş, S. (2015). Türkiye’de Finansal Kiralama İşlemleri ve Muhasebeleştirilmesi, Journal of Accounting, Finance and Auditing Studies, 1(2), 1-21.
  • Krishnan,V. S. and Moyer, R.C. (1994). Bankruptcy Costs And The Financial Leasing Decision. Journal of Financial Management 23, 31-42. Koç, M. (2004). “Finansal Kiralama (Leasing)”, Beta Yayınları, 2. Baskı, İstanbul.
  • Kostolansky, J., & Stanko, B. (2011). The joint FASB/IASB lease projects: Discussion and industry implications. Journal of Business & Economics, 9 (9), 29-35.
  • Lasfer, M. (2007). Financial Drivers and Implication of Leasing Real Estates Assets. The Donladson-Lasfer’s Curve. The Journal of Corporate Real Estate, 9(2), 72-94.
  • Marşap, B. ve Yanık, S. (2018). IFRS 16 Kapsamında Kiralama İşlemlerinin Finansal Raporlamaya Etkisinin İncelenmesi . Muhasebe ve Finansman Dergisi , (80) , 23-42 . DOI: 10.25095/mufad.465900
  • Özdoğan, B, Uygun, U. (2020). TMS 17 Kiralama İşlemleri Standardından TFRS 16 Kiralamalar Standardına Geçişte BİST Şirketlerine Yönelik Sektörel Etkilerin Karşılaştırmalı Analizi. Manisa Celal Bayar Üniversitesi Sosyal Bilimler Dergisi, 18 (2) , 209-227
  • Öztürk, C. (2016). UFRS 16 Kiralama İşlemleri Standardının Eski UMS 17 Standardı İle Karşılaştırılması Ve Almanya Ve Türkiye'de Hisse Senetleri Halka Açık Olan Hava Yolu Şirketlerinin Finansal Durumuna Etkisi. Muhasebe Bilim Dünyası Dergisi. 18(1): 1-50.
  • Öztürk, M. ve Serçemeli, M. (2016). Impact of New Standard “IFRS 16 Leases” on Statement of Financial Position and Key Ratios: A Case Study on an Airline Company in Turkey, Business and Economics Research Journal, 7 (4): 143-157.
  • Sarı, E.S., Altıntaş, T. ve Taş, N. (2016). The Effect Of The IFRS 16: Constructive Capitalization Of Operating Leases In The Turkish Retailing Sector, Journal of Business, Economics andFinance, 5 (1): 138-147.
  • Sarı, E. S., & Güngör, N. (2019). UFRS 16’nın BİST 100 şirketlerinin finansal göstergelerine etkisi üzerine bir inceleme. PressAcademia Procedia, 9(1), 90-94.
  • Şit, M. ve Şit, A. (2013), Türkiye'de Finansal Hizmetler Sektörün Gelişimi:Finansal Kiralama Sektörü Örneği, Dicle Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 2(5) ss.35-47.
  • Reisoğlu, Seza (2004), Finansal Kiralama Sözleşmeleri ve Uygulama Sorunları, Bankacılar Dergisi, 48,47-65.
  • Yalçın, S. (2019). Muhasebe Mevzuatı Ve Standartlarında Kiralama İşlemleri: Muhasebeleştirme, Ölçüm, Sunum ve Açıklamalar . Elektronik Sosyal Bilimler Dergisi , 18 (72) , 1619-1641 . DOI: 10.17755/esosder.521620
  • 6361 sayılı Finansal Kiralama, Faktoring Ve Finansman Şirketleri Kanunu https://www.mevzuat.gov.tr/mevzuat?MevzuatNo=6361&MevzuatTur=1&MevzuatTertip=5
  • https://www.fkb.org.tr/sektorler/finansal-kiralama/ 18.1.2021
  • TFRS 16 Kiralamalar Standardı https://www.kgk.gov.tr/Portalv2Uploads/files/Duyurular/v2/TFRS/TFRS_16.pdf

FINANCIAL PERFORMANCE OF LEASING COMPANIES BETWEEN 2011-2020

Year 2021, Volume: 8 Issue: 2, 94 - 110, 13.07.2021

Abstract

Financial leasing is one of the fundraising methods of global financial systems. It is preferred especially in times of financial uncertainty and crisis. In this study, developments in the financial leasing sector in the last ten years have been analyzed. In this regard, first of all, data regarding the financial leasing sector was obtained from the websites of companies and related institutions. Afterwards, ten-year basic indicators of the financial leasing sector were analyzed. Finally, ratio analysis was performed with the data obtained from the financial statements of the financial leasing sector. As a result, although the number of companies in the financial leasing sector has decreased, it has been observed that the sector continues to grow financially. In addition, it has been determined that the financial leasing sector is affected by the developments in its target markets.

References

  • Abu Orabi, M.M. (2014). The Impact of Leasing Decisions on the Financial Performance of Industrial Companies, Global Journal of Management and Business Research, 14 (2): 25-44.
  • Akel, V., Ergül, N. ve Dumanoğlu, S. (2010), İMKB’DE İşlem Gören Finansal Kiralama Şirketlerinin 2005-2008 Dönemi Finansal Performanslarının Değerlendirilmesi, Marmara Üniversitesi İ.İ.B.F.Dergisi, 18(1), ss.271-292.
  • Aktaş, R., Karğın, S. Ve Arıcı, N. D. (2017). Yeni Kiralamalar Standardı UFRS 16’nın Getirdiği Yenilikler ve İşletmelerin Finansal Tablolarına ve Finansal Oranlarına Olası Etkilerinin Değerlendirilmesi, İşletme Araştırmaları Dergisi, 9(4), 858-881.
  • Alam, H. M., Raza, A., Farhan, M. ve Akram, M. (2011). Leasing Industry in Pakistan: A Comparison ofFinancial Performance ofLeasing Companies, International Journal of Business and Social Science, 2 (10): 218-223.
  • Altıntaş, T. ve Sarı, E. S. (2012), KDV Oranlarındaki Değişikliğin Türk Finansal Kiralama Sektörüne Etkisi, Mali Çözüm Dergisi, Kasım-Aralık, ss.85-97.
  • Bathala, C.T. ve Mukherjee, T.K. (1995). A Surveyof Leasing in Small Firms, Journal of Small Business Finance, 4 (2/3):113-127.
  • Beattie, V., Edwards, K., & Goodacre, A. (1998). The Impact Of Constructive Opareting Lease Capitalisation On Key Accounting Ratios. Accounting and Business Research, 28(4), 233-254.
  • Bennett, B. K., & Bradbury, M. E. (2003). Capitalizing Non-Cancelable Operating Leases. Journal of International Financial Management and Accounting, 14 (2), 101–114.
  • Bohušová, H. (2015). Is Capitalization Of Operating Lease Way To İncrease Of Comparability Of Financial Statements Prepared In Accordance With IFRS And US GAAP?. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 63(2), 507-514
  • Bostwick, E. D., Fahnestock, R. T., & O'Keefe, W. T. (2013). Effects Of Lease Capitalization Techniques On Key Measures Of Financial Performance. Journal of Finance & Accountancy, 12, 91-102.
  • Branswijck, D., Longueville, S., & Everaert, P. (2011). The Financial Impact Of The Proposed Amendments To IAS 17: Evidence From Belgium And The Netherland. Accounting and Management Information Systems, 10(2), 275-294.
  • Brick, I. E., William, F. ve Marti, S. (1987). Leasing And Financial Intermediation: Comparative Tax Advantages. Financial Management, 16, Spring (1987) 55.
  • Ceyhan, İ. F. ve Demirci, F.(2017), MULTIMOORA Yöntemiyle Finansal Performans Ölçümü: Leasing Şirketlerinde Bir Uygulama, Bartın Üniversitesi İ.İ.B.F. Dergisi, 8(15), ss.1-20.
  • Ergül, N. ve Akel, V. (2010). Finansal Kiralama Şirketlerinin Finansal Performansının TOPSIS Yöntemi İle Analizi, Muhasebe Bilim Dünyası Dergisi, 12 (2): 91-118.
  • Fasih Ur Rahman, S.S. (2013). Relationship Between Financial Leverage and Financial Performance: Empirical Evidence of Listed Sugar Companies of Pakistan, Global Journal of Management and Business Research Finance, 13 (8): 33-40.
  • Fitó, M. À., Moya, S., & Orgaz, N. (2013). Considering The Effects Of Operating Lease Capitalization On Key Financial Ratios. Spanish Journal of Finance and Accounting, 42(159), 341-369.
  • Goodacre, A. (2003). Operatinglease Finance In The UK Retail Sector. The International Review Of Retail, Distribution and Consumer Research, 13 (1), 99-125.
  • Griffin, J. J. and Mahon, J. F., (1997). The Corporate Social Performance And Corporate Financial Performance Debate, Business and Society, 36, (1), 5-31.
  • Gritta, R., Lippman, E. (2010). Aircraft Leasing And Its Effect On Air Carriers Debt Burdens: A Comparison Over The Past Several Decades. Journal of the Transportation Research Forum. 49(3): 101-110.
  • Kara, İ. (2001), Leasing İşlemlerinin Muhasebeleştirilmesi (ABD Uygulaması), Muhasebe ve Denetime Bakış Dergisi, 1(3), 57–71.
  • Kırlıoğlu, H., ve Öztaş, S. (2015). Türkiye’de Finansal Kiralama İşlemleri ve Muhasebeleştirilmesi, Journal of Accounting, Finance and Auditing Studies, 1(2), 1-21.
  • Krishnan,V. S. and Moyer, R.C. (1994). Bankruptcy Costs And The Financial Leasing Decision. Journal of Financial Management 23, 31-42. Koç, M. (2004). “Finansal Kiralama (Leasing)”, Beta Yayınları, 2. Baskı, İstanbul.
  • Kostolansky, J., & Stanko, B. (2011). The joint FASB/IASB lease projects: Discussion and industry implications. Journal of Business & Economics, 9 (9), 29-35.
  • Lasfer, M. (2007). Financial Drivers and Implication of Leasing Real Estates Assets. The Donladson-Lasfer’s Curve. The Journal of Corporate Real Estate, 9(2), 72-94.
  • Marşap, B. ve Yanık, S. (2018). IFRS 16 Kapsamında Kiralama İşlemlerinin Finansal Raporlamaya Etkisinin İncelenmesi . Muhasebe ve Finansman Dergisi , (80) , 23-42 . DOI: 10.25095/mufad.465900
  • Özdoğan, B, Uygun, U. (2020). TMS 17 Kiralama İşlemleri Standardından TFRS 16 Kiralamalar Standardına Geçişte BİST Şirketlerine Yönelik Sektörel Etkilerin Karşılaştırmalı Analizi. Manisa Celal Bayar Üniversitesi Sosyal Bilimler Dergisi, 18 (2) , 209-227
  • Öztürk, C. (2016). UFRS 16 Kiralama İşlemleri Standardının Eski UMS 17 Standardı İle Karşılaştırılması Ve Almanya Ve Türkiye'de Hisse Senetleri Halka Açık Olan Hava Yolu Şirketlerinin Finansal Durumuna Etkisi. Muhasebe Bilim Dünyası Dergisi. 18(1): 1-50.
  • Öztürk, M. ve Serçemeli, M. (2016). Impact of New Standard “IFRS 16 Leases” on Statement of Financial Position and Key Ratios: A Case Study on an Airline Company in Turkey, Business and Economics Research Journal, 7 (4): 143-157.
  • Sarı, E.S., Altıntaş, T. ve Taş, N. (2016). The Effect Of The IFRS 16: Constructive Capitalization Of Operating Leases In The Turkish Retailing Sector, Journal of Business, Economics andFinance, 5 (1): 138-147.
  • Sarı, E. S., & Güngör, N. (2019). UFRS 16’nın BİST 100 şirketlerinin finansal göstergelerine etkisi üzerine bir inceleme. PressAcademia Procedia, 9(1), 90-94.
  • Şit, M. ve Şit, A. (2013), Türkiye'de Finansal Hizmetler Sektörün Gelişimi:Finansal Kiralama Sektörü Örneği, Dicle Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 2(5) ss.35-47.
  • Reisoğlu, Seza (2004), Finansal Kiralama Sözleşmeleri ve Uygulama Sorunları, Bankacılar Dergisi, 48,47-65.
  • Yalçın, S. (2019). Muhasebe Mevzuatı Ve Standartlarında Kiralama İşlemleri: Muhasebeleştirme, Ölçüm, Sunum ve Açıklamalar . Elektronik Sosyal Bilimler Dergisi , 18 (72) , 1619-1641 . DOI: 10.17755/esosder.521620
  • 6361 sayılı Finansal Kiralama, Faktoring Ve Finansman Şirketleri Kanunu https://www.mevzuat.gov.tr/mevzuat?MevzuatNo=6361&MevzuatTur=1&MevzuatTertip=5
  • https://www.fkb.org.tr/sektorler/finansal-kiralama/ 18.1.2021
  • TFRS 16 Kiralamalar Standardı https://www.kgk.gov.tr/Portalv2Uploads/files/Duyurular/v2/TFRS/TFRS_16.pdf
There are 36 citations in total.

Details

Primary Language English
Journal Section Makaleler
Authors

Yusuf Gör 0000-0001-6818-7906

Fatih Mahmut Bilici 0000-0002-3107-2379

Publication Date July 13, 2021
Published in Issue Year 2021 Volume: 8 Issue: 2

Cite

APA Gör, Y., & Bilici, F. M. (2021). FINANCIAL PERFORMANCE OF LEASING COMPANIES BETWEEN 2011-2020. Journal of Banking and Financial Research, 8(2), 94-110.