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- Title
İŞLETMELERDE BORCA BATIKLIK VE SERMAYE KAYBI KAVRAMLARININ TTK KAPSAMINDA İNCELENMESİ: BİST’TE İŞLEM GÖREN FUTBOL KULÜPLERİNDE ARAŞTIRMA VE ÖNERİLER.
- Authors
SOYALP SOLAKOĞLU, Berrak; KIYMETLİ ŞEN, İlker
- Abstract
Capital loss is regulated in paragraph 376/1-2 of the Turkish Commercial Code TCC numbered 6102, and insolvency is regulated in paragraph 3 of article 376. Businesses that have lost half of the total of their capital and legal reserves under the provision of 376/1, that have lost two-thirds of the total of their capital and legal reserves under the provision of 376/2, or that are in insolvency pursuant to 376/3 of TCC can benefit from some of the opportunities and measures offered by the legislator in order to replace their lost capital. This research has been applied within the football sector, where the concepts of insolvency and loss of capital are the most common in Turkey. The measurement of financial performance in BIST Football Clubs was made with two separate analyzes covering the 2018-2022 periods. TOPSIS Method, one of the multiple decision making methods, was used to measure the preferences of third parties to invest in football clubs. The financial performance of the clubs and the estimation of the risk of bankruptcy were measured by the Altman’s Z-Score Analysis, which is a model of financial failure. According to the results obtained, Fenerbahçe ranked first in terms of financial performance in 2018, 2019, 2020, 2022, and Galatasaray in 2021. Fenerbahçe is in the last place as the football club with the lowest financial performance in 2021, Galatasaray in 2019, and Trabzonspor in 2018, 2020 and 2022. Beşiktaş, on the other hand, is in the 2nd and 3rd ranks in this period band. According to the Altman’s Z-Score Analysis, it was concluded that 4 clubs were at risk of bankruptcy in the 2018-2022 special accounting periods.
- Subjects
TURKEY; SOCCER teams; FINANCIAL performance; TOPSIS method; FISCAL year; CAPITAL losses
- Publication
Financial Analysis / Mali Cozum Dergisi, 2023, Vol 33, Issue 179, p1289
- ISSN
1303-5444
- Publication type
Article