Factoring operations have started to be seen in the world financial markets since the 19th century. But Factoring operations in our country have started to be seen since 1990's. According to other countries, the applications are new and cause various problems. Factoring operations were introduced to financial world in 19th century. However in Turkey first operations were applied at the beginning of 1990s. So Turkey as a beginner on these issues has been confronted some problems. In this study these problems are determined and some solutions are suggested. Our study consists of three sections. In the first section some information is given about basic things as the concept of factoring, development of factoring, the mechanism of factoring and the international structure of factoring. In the second section development of factoring, regulations and applications with accounting practices for Turkey are briefly summarized. In third section the results of survey that is executed for 58 Turkish factoring company are analyzed and interpreted. In our work, various problems related to factoring operations in our country were identified and solution proposals were presented. In our study, we tried to determine the various problems that have been experienced with the questionnaire applied to 58 factor companies which are active in our country. When the data of the study are examined, it appears that the factor companies which are active in our country are inadequate as a quality, and the major reason of this inadequacy is problems encountered in finding qualified personnel.
Factoring, Factoring Companies, Financial Markets
Author : | Nevzat TETİK -- Şener DİLEK |
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Number of pages: | 243-256 |
DOI: | http://dx.doi.org/10.7827/TurkishStudies.12991 |
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