Girişim Sermayesi Yatırım Ortaklıklarının Piyasa Değerleri Üzerinde Etkili Olan Finansal Oranlar Üzerinde Bir Araştırma
A Research on the Financial Ratios Affecting Market Price of Venture Capital Invesment Trusts

Summary/Abstract: Purpose – The pupose of this study is to forecast financial ratios related with venture capital investment trust’s market prices in Turkey. In order to get this purpose, an analysis was performed for the years between 2012-2017, by using yearly data of 7 venture capital investment trusts in Turkey. Design/methodology/approach – Panel Data Analysis are used as methods, market price is used as dependent variable and venture capital investments, security investments, cash, equity, long term debt, price / earning, earnings per share and market value/book value ratios are used as independent variables. Findings – By doing panel data analysis, it is obtained that venture capital investments, equity, earnings per share and market value/book value ratios have positive significant relations with the price of venture capital investment trusts, but security investments, cash, long term debt and price/earning ratios have no significant relation with the price.

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