TURKISH COMMERCIAL CODE BY CAPITAL INCREASE IN COUNTRY RESOURCE: INSURANCE COMPANIES REVIEW
Suphi Aslanoglu¹, Tuba Derya Baskan²
Journal Title:Journal of Economics, Finance and Accounting (JEFA)
Companies have their sui generis identities separate from owners or shareholders. They run their activities in consistent with that identity. The activities are production goods and services, trade them and eventually making profit. Companies need to have some assets to do those activities and the assets need to be financed by certain sources. The sources come from either domestically or externally. In this study, we focus on domestic sources originated from the company itself and specifically examine the capital increase from internal sources. The pre-conditions, benefits, importance and procedures for capital increase are dealt in terms of Turkish Commercial Code numbered 6102. Analyzing the last three years’ financial data of insurance companies listed, we make some observations about whether they increase capital depending on domestic sources.