İHRACATTA FİNANSMAN KAYNAKLARININ DEĞERLENDİRİLMESİNE YÖNELİK ÇOK KRİTERLİ BİR YAKLAŞIM: PROMETHEE YÖNTEMİ
A MULTI-CRITERIA APPROACH TO DETERMINATION OF THE SOURCE OF EXPORT FINANCING: PROMETHEE METHOD

Summary/Abstract: In 2018, Turkey realized 168 billion US Dollars of export. If we keep in mind the fact that only 10,4% of the export is realized with cash in advance (TT Payment), the importance of the export financing is revealed. Firms use different financing methods for financing export. Some of these methods are the equity, Eximbank loans, Factoring, Forfaiting and commercial bank loans. The aim of this study is to determine the most frequently used financing methods in export finance and the criteria that they take into consideration while selecting the financing method. For this purpose the Promethee method, which is one of the multi-criteria decision making methods, has been used. The criteria, which the firms give the most importance to, are cost, duration and ease whereas the most frequently used export method have been banks, leasing, equity financing and Turkish Eximbank credits. It is expected to make a significant contribution to both the practitioners and the literature with the help of this study.

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