Browsing by Subject "Factoring"

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    Factoring as a complement to modern banking system: Turkish case
    (1993) Muratoğlu, Cem
    This study is to present factoring as a financing technique and to search its contributions to the bankiiig industry. For this reason a detailed research is done by analyzing the implementation of factoring all around the world. In addition, a real life case is studied in order to show that firms which have working capital deficits can overcome their problems when they cooperate with factoring firms and banks together. FACTORING IS A COMPLEMENT TO MODERN BANKING SYSTEM : The firm's (which incurred the problem of working capital in the real life case) financial structure and ongoing projects were analyzed in terms of liquidity, profitability, and eff iciency. Finally, it is concluded that the utilization of factoring only, may not be sufficient to solve the financial problems of the firms but instead it is a complemantary to the banking system as a valuable instrument.
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    Factoring as a financing alternative: Turkish case
    (1991) Ataman, Sedef
    This study attempts to find out the common aspects of the firms that have preferred factoring as a financing alternative, checking out their financial structures and performances together with an overview of factoring. The financial statements of the companies were analyzed from the perspectives of liquidity, financial stability, profitability, efficiency and financial structure. Comparisons were made over time and with industry averages. The analysis showed that the majority of the firms are smal1-to-medium sized firms that are growing fast, are in need of cash due to overtrading with an inadequate financial base and have undertaken high liabilities with high financial risks- Their sales are mostly on credit and receivables collection periods and cash conversion periods are quite long for the majority of the firms. As a result, the majority of the sample are possible beneficiaries of factoring to improve their cash flows, liquidity and profitability levels.
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    Factoring: problems and applications in Turkey
    (1996) Caneri, Oğuz
    This study attempts to find out the problems of factoring in Turkey and come up with possible solutions. Factoring is introduced briefly by stating its functions, history and development in the world and Turkey. In addition, factoring is compared with Letter of Credit, Open Account, Cash Against Documents, Credit Insurance, Discount on Draft and Conveyance Credit. Moreover the problems of factoring in Turkey are stated and possible solutions are suggested. In this study it is found that factoring has superiority over other alternatives which Turkish firms prefer to use in their sales transactions. The study has also revealed that factoring is not regulated completely by the separate laws in Turkey. Finally, it is concluded that factoring is a financing technique that helps a lot in the development of trade of Turkey both in domestic and foreign markets. Expansion of factoring is inevitable which is fundamentally a good thing for the Turkish economy and for the factoring industry. Government and factoring firms should do everything to encourage that growth. Public acceptance of factoring is due to professional approach of factors.