Abstract
Purpose- The
behavioral finance searches about how the decision-making mechanisms of
financial directors in their mind structure are affected by the social, sensual
and mental prejudgments. Since the small and medium-sized enterprises are
mostly the family businesses in our country, professional approaches in the financial
management of companies are not found.
Methodology-
Due to being one or more than one person takes care of the decision
mechanisms and the decisions are being taken as a result of the knowledge,
abilities, education and experiences of the people; it is observed that the
financial management functions of the companies are not used productively.
Findings- The biggest
problems of small and medium-sized enterprises are in fields of finance. By
this purpose, after being described the concepts in the study, the relations
between these terms and literature are tried to be supported by the primary
studies to achieve this purpose. The hypothesizes of the study are started to
be improved by being generated the theoretic frame.
Conclusion- The research
was actualized by a questionnaire form about what the financial problems of the
sme are and if these problems could be solved by the behavioral finance or not.
The dimensions where the behavioral finance is sufficient for solving the
financial problems were determined by the result of the analyses and seen that
a significant relation between the financial challenges and the behavioral
finance as directly proportional.
References
- Alptürk, E. 2008, “Dynamo of Economy: Small and Medium Sized Enterprises - SME Guide, Ankara, Yaklaşım Publishings House, p. 273.
- Aras, G. Müslümov, A. 2001, The position of SME in Turkey Economy in Globalization Process: Financing, Economic Problems and Solution Offers, Symposium of Financial Problems and Solutions of SMEs in the 21st century, Cyprus, p. 10-11.
- Bernstein, W. 2005, “Four Foundation Stones of Investment”, İstanbul: Scala Publishing House, p.23
- Cornicello, G. 2004, “Behavioral Finance and Speculative Bubble”, University Commercials Luigi Bocconi, Milano, Master Thesis (E.T.), p.23
- Craig, J. B. et al. 2008, “Leveraging family based Brand Identity to Enhance Firm Competitiveness and Performance in Family Businesses, Journal of Small Business Management, Evanston, Volume 46(3), p. 353
- Drake, R. I. Smit, P. J., 1990, “Behavior Science in Industry”, İstanbul, İstanbul University Faculty of Management Publications, p.26
- Erdoğan, İ. 1997, “Behavior in Companies”, İstanbul: Dönence Printing and Publishing Services, pp.18- 28
- Glaser, Nöth, Weber, 2003, “Behavioral Finance,” Mannheim, Sonderforschungsbereich Universitat Mannheim, p.2
- Güleç, C. 2004, “Homo Economicus, Psychiatry, Economics and Beyond,” İstanbul: Journal of Economics, (453), p.3
- İraz, R. 2005, “Entrepreneurship and SMEs as Creativity and Innovation,” Konya: Çizgi Publishing House, p.253
- Müftüoğlu, T. 2007, “Small and Medium Sized Enterprises”, Ankara, Turhan Publishing House, p.205
- Perşembe, A. 2001, “Did you say technical analysis? Are you kidding?”, İstanbul: Scala Publishing House, p.17
- Şener, S. 2009, “ Economy Agenda,” T.C. Çanakkale On Sekiz Mart University Biga Faculty of Economics and Administrative Sciences, Journal of Management Sciences, 7(1), p.27
- Sener, S., Bayrakdar, S., & Hacioglu, V. (2015). “The Analysis for the Validity of Compensation and Efficiency Hypotheses in Turkey between 1975 and 2013,” Procedia-Social and Behavioral Sciences, 195, 624-631.
- Tufan, E. 2006, “Behavioral Finance”, Ankara: İmaj Publishing House, p. 23,45
- Ülkü, N. 2001, “‘The Behavior Theories in Finance and the Price Behavior at the start of Dezenflasyon Program’ İstanbul, Journal of İstanbul Stock Exchange 5(17), pp. 101-132
- Yörük, N. , Ban, Ü. 2003, “Application for Determining the Sources of the Financial Problems of SME,” Ankara, Gazi Publishing House, p.22
Abstract
References
- Alptürk, E. 2008, “Dynamo of Economy: Small and Medium Sized Enterprises - SME Guide, Ankara, Yaklaşım Publishings House, p. 273.
- Aras, G. Müslümov, A. 2001, The position of SME in Turkey Economy in Globalization Process: Financing, Economic Problems and Solution Offers, Symposium of Financial Problems and Solutions of SMEs in the 21st century, Cyprus, p. 10-11.
- Bernstein, W. 2005, “Four Foundation Stones of Investment”, İstanbul: Scala Publishing House, p.23
- Cornicello, G. 2004, “Behavioral Finance and Speculative Bubble”, University Commercials Luigi Bocconi, Milano, Master Thesis (E.T.), p.23
- Craig, J. B. et al. 2008, “Leveraging family based Brand Identity to Enhance Firm Competitiveness and Performance in Family Businesses, Journal of Small Business Management, Evanston, Volume 46(3), p. 353
- Drake, R. I. Smit, P. J., 1990, “Behavior Science in Industry”, İstanbul, İstanbul University Faculty of Management Publications, p.26
- Erdoğan, İ. 1997, “Behavior in Companies”, İstanbul: Dönence Printing and Publishing Services, pp.18- 28
- Glaser, Nöth, Weber, 2003, “Behavioral Finance,” Mannheim, Sonderforschungsbereich Universitat Mannheim, p.2
- Güleç, C. 2004, “Homo Economicus, Psychiatry, Economics and Beyond,” İstanbul: Journal of Economics, (453), p.3
- İraz, R. 2005, “Entrepreneurship and SMEs as Creativity and Innovation,” Konya: Çizgi Publishing House, p.253
- Müftüoğlu, T. 2007, “Small and Medium Sized Enterprises”, Ankara, Turhan Publishing House, p.205
- Perşembe, A. 2001, “Did you say technical analysis? Are you kidding?”, İstanbul: Scala Publishing House, p.17
- Şener, S. 2009, “ Economy Agenda,” T.C. Çanakkale On Sekiz Mart University Biga Faculty of Economics and Administrative Sciences, Journal of Management Sciences, 7(1), p.27
- Sener, S., Bayrakdar, S., & Hacioglu, V. (2015). “The Analysis for the Validity of Compensation and Efficiency Hypotheses in Turkey between 1975 and 2013,” Procedia-Social and Behavioral Sciences, 195, 624-631.
- Tufan, E. 2006, “Behavioral Finance”, Ankara: İmaj Publishing House, p. 23,45
- Ülkü, N. 2001, “‘The Behavior Theories in Finance and the Price Behavior at the start of Dezenflasyon Program’ İstanbul, Journal of İstanbul Stock Exchange 5(17), pp. 101-132
- Yörük, N. , Ban, Ü. 2003, “Application for Determining the Sources of the Financial Problems of SME,” Ankara, Gazi Publishing House, p.22
Details
| Journal Section | Articles |
|---|---|
| Authors | |
| Publication Date | June 30, 2017 |
| Published in Issue | Year 2017 |
Cite
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