{"id":46609,"date":"2016-08-23T20:18:20","date_gmt":"2016-08-23T17:18:20","guid":{"rendered":"https:\/\/www.bilgeyatirimci.com\/?p=46609"},"modified":"2016-08-23T20:18:20","modified_gmt":"2016-08-23T17:18:20","slug":"mahfi-egilmez-dogrudan-yabanci-sermaye-yatirimlari-ve-turkiye","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/mahfi-egilmez-dogrudan-yabanci-sermaye-yatirimlari-ve-turkiye\/","title":{"rendered":"Mahfi E\u011filmez &#8211; Do\u011frudan Yabanc\u0131 Sermaye Yat\u0131r\u0131mlar\u0131 ve T\u00fcrkiye"},"content":{"rendered":"<p><strong><em>Bir \u00fclkeye y\u00f6nelik yabanc\u0131 sermaye yat\u0131r\u0131mlar\u0131n\u0131 ikiye ay\u0131rarak incelemek gerekir: <\/em><\/strong><\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-2630055176\"><ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-7495567325667578\"\r\n     data-ad-slot=\"9580705384\"\r\n     data-ad-format=\"rectangle\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>(1) Do\u011frudan yabanc\u0131 sermaye yat\u0131r\u0131mlar\u0131; bir \u00fclke s\u0131n\u0131rlar\u0131 d\u0131\u015f\u0131ndaki yat\u0131r\u0131mc\u0131lar\u0131n ilgili \u00fclkeye fabrika gibi \u00fcretim tesisleri kurarak, \u015fube a\u00e7arak, ta\u015f\u0131nmaz edinerek veya var olan bir \u015firketi tamamen ya da k\u0131smen sat\u0131n alarak yapt\u0131klar\u0131 yat\u0131r\u0131mlard\u0131r. (2) Dolayl\u0131 yabanc\u0131 sermaye yat\u0131r\u0131mlar\u0131 ise hisse senedi al\u0131m\u0131, tahvil al\u0131m\u0131 gibi yollarla ger\u00e7ekle\u015ftirilen portf\u00f6y yat\u0131r\u0131mlar\u0131n\u0131 kapsamaktad\u0131r.<\/p>\n<p>Do\u011frudan ve dolayl\u0131 yabanc\u0131 sermaye yat\u0131r\u0131mlar\u0131 aras\u0131ndaki \u00fc\u00e7 temel fark vard\u0131r: (1) Do\u011frudan yat\u0131r\u0131mlar kal\u0131c\u0131d\u0131r (uzun vadeli) buna kar\u015f\u0131l\u0131k dolayl\u0131 yat\u0131r\u0131mlar ge\u00e7icidir (k\u0131sa vadeli.) O nedenle dolayl\u0131 yabanc\u0131 sermaye yat\u0131r\u0131mlar\u0131na s\u0131cak para da denir. (2) Do\u011frudan yat\u0131r\u0131mlar, yat\u0131r\u0131mc\u0131s\u0131na y\u00f6netim yetkisi vermesine kar\u015f\u0131l\u0131k dolayl\u0131 yat\u0131r\u0131mlar yat\u0131r\u0131mc\u0131s\u0131na y\u00f6netime kar\u0131\u015fma yetkisi vermez. (3) Do\u011frudan yat\u0131r\u0131mlar, k\u00e2rl\u0131l\u0131\u011f\u0131 art\u0131rmak i\u00e7in verimlili\u011fi art\u0131rmaya dolay\u0131s\u0131yla yeni teknoloji getirmeye veya \u00fcretim bi\u00e7iminde de\u011fi\u015fikli\u011fe gitmeye d\u00f6n\u00fck de\u011fi\u015fiklikler yapabilirler. Oysa dolayl\u0131 yat\u0131r\u0131mlar\u0131n y\u00f6netim yetkisi olmamas\u0131 nedeniyle b\u00f6yle de\u011fi\u015fikliklere gitme hakk\u0131 bulunmamaktad\u0131r.<\/p>\n<p>B\u00fct\u00fcn bu nedenlerle \u00f6zellikle geli\u015fmekte olan \u00fclkeler do\u011frudan yabanc\u0131 yat\u0131r\u0131mlar\u0131 \u00e7ekmeye u\u011fra\u015f\u0131rlar. Geli\u015fmi\u015f \u00fclkeler de geli\u015ftirmek istedikleri sekt\u00f6rlere, benzer bi\u00e7imde do\u011frudan yabanc\u0131 sermaye \u00e7ekmeye \u00e7abalarlar. Geli\u015fmekte olan \u00fclkelerin y\u00fcksek miktarl\u0131 do\u011frudan yabanc\u0131 sermaye \u00e7ekebilmesinin baz\u0131 ko\u015fullar\u0131 vard\u0131r: (1) Di\u011fer \u00fclkelere g\u00f6re daha \u00e7ekici bir ekonomik ortam\u0131n bulunmas\u0131 \u00f6nemli bir ko\u015fuldur. \u00dccretlerin di\u011fer \u00fclkelere g\u00f6re d\u00fc\u015f\u00fckl\u00fc\u011f\u00fc ya da verimlili\u011fin y\u00fcksekli\u011fi, n\u00fcfus ve buna ba\u011fl\u0131 i\u00e7 talep y\u00fcksekli\u011fi, potansiyel olarak b\u00fcy\u00fcme e\u011filimi g\u00f6stermesi bu alanda ilk a\u011f\u0131zda s\u0131ralanacak ko\u015fullard\u0131r. (2) Siyasal, sosyal ve ekonomik istikrar\u0131n bulunmas\u0131 gereklidir. \u0130stikrars\u0131z bir \u00fclke, risklerin b\u00fcy\u00fck oldu\u011fu bir \u00fclke demektir. Ki yabanc\u0131 sermayeyi en \u00e7ok \u00fcrk\u00fctecek konu budur. B\u00f6yle bir durumda faizler artaca\u011f\u0131, borsada hisseler \u00f6nce d\u00fc\u015f\u00fcp sonra toparlanaca\u011f\u0131 i\u00e7in yabanc\u0131 sermaye, do\u011frudan yat\u0131r\u0131m formundan s\u0131cak para olarak adland\u0131r\u0131lan dolayl\u0131 yat\u0131r\u0131m formuna ge\u00e7er.<\/p>\n<p>Yaz\u0131n\u0131n devam\u0131 i\u00e7in <a href=\"http:\/\/www.mahfiegilmez.com\/2016\/08\/dogrudan-yabanc-sermaye-yatrmlar-ve.html\" target=\"_blank\" data-wpel-link=\"external\" rel=\"nofollow external noopener\">TIKLAYINIZ<\/a>. (Mahfiegilmez.Com)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bir \u00fclkeye y\u00f6nelik yabanc\u0131 sermaye yat\u0131r\u0131mlar\u0131n\u0131 ikiye ay\u0131rarak incelemek gerekir: (1) Do\u011frudan yabanc\u0131 sermaye yat\u0131r\u0131mlar\u0131; bir \u00fclke s\u0131n\u0131rlar\u0131 d\u0131\u015f\u0131ndaki yat\u0131r\u0131mc\u0131lar\u0131n ilgili \u00fclkeye fabrika gibi \u00fcretim&hellip;<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[808,801,847],"class_list":["post-46609","post","type-post","status-publish","format-standard","hentry","category-tumyazilar","tag-ekonomi-makaleleri","tag-ekonomi-yazarlari-listesi","tag-mahfi-egilmez-yazilari"],"_links":{"self":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/46609","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=46609"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/46609\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=46609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=46609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=46609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}