Bir Finanslama Aracı Olarak Warrantlar ve Muhasebeleştirilmesi

Cihan TANRIÖVEN

Article Details

Bir Finanslama Aracı Olarak Warrantlar ve Muhasebeleştirilmesi

Authors:

Cihan TANRIÖVEN

Publisher:

Ankara Hacı Bayram Veli University

Journal:

Gazi University Journal of Faculty of Economics and Administrative Sciences 2000 Vol.2 Issue 1, pp.163-182

Document Type:

Article

Publication Date:

5/2000

Document Language:

Turkish

Document ID (Org No.):

2000867383

Frequency:

Tri-annual

eISSN:

2667-405X

Abstract:

 

In this article, warrants which are help to corporations to obtain fund especially in economic slump times are studied. A warrant refers to the option to purchase a given number of shares of stock at a given price. Generally, warrants are distributed along with debt and they are used to induce investors to buy a firm’s long term debt at a lower interest rate than otherwise would be required.Warrants can be either detachable or nondetachable. A detachable warrant may be sold separately from the bond with which it is associated. Thus, the holder may exercise the warrant but not redeem the bond if he or she wishes. A nondetachable warrant is sold with its bond to be exercised by the bond owner simultaneously with the convertible bond. In addition a company may sell warrants separately or in combination with other securities.Warrants generally are used by small, rapidly growing firms “as sweeteners” to help sell either debt or preferred stock. Such firms frequently are regarded as being very risky and their bonds can be sold only if the firms are willing to pay extremely high rates of interest and to accept very restrictive indenture provisions.On the other hand, in this article, an approach how can the warrants be recorded according to Turkish Accounting System is presented.

Article Details

Bir Finanslama Aracı Olarak Warrantlar ve Muhasebeleştirilmesi

Authors: Cihan TANRIÖVEN

Publisher: Ankara Hacı Bayram Veli University

Journal: Gazi University Journal of Faculty of Economics and Administrative Sciences 2000 Vol.2 Issue 1, pp.163-182

Document Type: Article

Publication Date: 5/2000

Document Language: Turkish

Document ID (Org No.): 2000867383

Frequency: Tri-annual

eISSN: 2667-405X

Issues

Authors:

Cihan TANRIÖVEN

Publisher:

Ankara Hacı Bayram Veli University

Journal:

Gazi University Journal of Faculty of Economics and Administrative Sciences 2000 Vol.2 Issue 1, pp.163-182

Document Type:

Article

Publication Date:

5/2000

Document Language:

Turkish

Document ID (Org No.):

2000867383

Frequency:

Tri-annual

eISSN:

2667-405X