{"status":true,"post":{"id":17087,"user_id":11,"status":1,"type":1,"orde":null,"notification_type":3,"static_post":0,"published_at":"2022-10-21 10:15:52","created_at":"2017-08-20T21:00:00.000000Z","updated_at":"2022-10-21T07:15:52.000000Z","edited_at":"2024-12-17 22:35:21","source_id":null,"post_id":17087,"is_featured":0,"title":"Reel sekt\u00f6r i\u00e7in yeni kaynak ve strateji","slider_title":null,"slider_title_2":null,"slider_spot_title":null,"slider_spot_title_2":null,"home_title":null,"sub_title":null,"category_id":73,"description":null,"content":"  \t\t\t\t\t  \t\t\t\t\t<p><span class=\"large\">Reel sekt\u00f6rden gelen sinyaller, T\u00fcrkiye ekonomisinin lokomotifi konumundaki sekt\u00f6rlere y\u00f6nelik \u00fcretim stratejilerinin iyi modellenmesi halinde b\u00fcy\u00fcmenin daha da h\u0131zlanaca\u011f\u0131na i\u015faret ediyor. Bu s\u00fcre\u00e7te iki \u00f6nemli nokta \u00f6ne \u00e7\u0131k\u0131yor. Birincisi net ihracat\u0131n b\u00fcy\u00fcmeye katk\u0131s\u0131n\u0131 s\u00fcrd\u00fcr\u00fclebilir k\u0131lacak \u00f6l\u00e7\u00fcde, ihracat\u00e7\u0131lar\u0131m\u0131za ya\u011fan sipari\u015flerin \u00fcretime d\u00f6n\u00fc\u015fmesini sa\u011flayacak kapasiteleri olu\u015fturmak. \u0130kincisi ise bir \u00f6nceki noktayla da ba\u011flant\u0131l\u0131 olarak, k\u00fc\u00e7\u00fck at\u00f6lyelerden b\u00fcy\u00fck i\u015fletmelere, yat\u0131r\u0131mlar\u0131n canlanmas\u0131n\u0131 sa\u011flayacak planlama ve mekanizmalar\u0131 olu\u015fturmak gerekiyor. \u0130malat sanayinin hem \u00fcretim hem de istihdam a\u00e7\u0131s\u0131ndan \u00f6ne \u00e7\u0131kan sekt\u00f6rleri, \u00fc\u00e7 konuyu netle\u015ftirmek gayretinde. Birincisi \u00fcretimin finansman\u0131na y\u00f6nelik imkanlar nas\u0131l geli\u015ftirilecek; ikincisi kapasite art\u0131\u015f\u0131na ba\u011fl\u0131 olarak artacak istihdam ihtiyac\u0131 nas\u0131l kar\u015f\u0131lanacak ve \u00fc\u00e7\u00fcnc\u00fcs\u00fc hammadde ihtiyac\u0131n\u0131n kar\u015f\u0131lanmas\u0131na y\u00f6nelik s\u00fcre\u00e7ler nas\u0131l olu\u015fturulmal\u0131? Kredi Garanti Fonu arac\u0131l\u0131\u011f\u0131 ile reel sekt\u00f6re sa\u011flanan ba\u015far\u0131l\u0131 finansman deste\u011fi, kamu mali disiplini a\u00e7\u0131s\u0131ndan s\u00fcrd\u00fcr\u00fclebilir de\u011fil. <\/span><\/p>  <p><span class=\"large\">Bu nedenle yat\u0131r\u0131mlar\u0131n finansman\u0131na y\u00f6nelik ba\u015fka bir mekanizma olu\u015fturulmas\u0131 gerekiyor. Bu noktada, mega projelere y\u00f6nlendirilmi\u015f kredilere y\u00f6nelik menkul k\u0131ymetle\u015ftirme (VDMK) ad\u0131mlar\u0131 ile i\u015fletmelerin, at\u00f6lyelerin \u00fcretim kapasitesini art\u0131r\u0131c\u0131 hamlelerine kaynak olu\u015fturulabilir. Bunun yan\u0131 s\u0131ra sermaye piyasas\u0131 alan\u0131nda, yat\u0131r\u0131mlar\u0131n finansman\u0131na y\u00f6nelik ara\u00e7 \u00e7e\u015fitlendirilmesi imkanlar\u0131 ara\u015ft\u0131r\u0131lmal\u0131. D\u0131\u015f ticaretin finansman\u0131nda nas\u0131l ki Eximbank\u2019\u0131n rol\u00fc g\u00fc\u00e7lendiriliyor; ilk etapta Kalk\u0131nma Bankas\u0131\u2019n\u0131n imkanlar\u0131 da g\u00fc\u00e7lendirilmeli; KOB\u0130\u2019lerin daha fazla yararlanaca\u011f\u0131 kaynaklar olu\u015fturulmal\u0131. Bunun yan\u0131 s\u0131ra \u00e7evresel at\u0131klar a\u00e7\u0131s\u0131ndan minimum risk olu\u015fturan sekt\u00f6rler b\u00fcy\u00fck \u015fehirlerden uzakla\u015ft\u0131r\u0131lmamal\u0131. Bilhassa, haz\u0131r giyim ve konfeksiyon. \u00c7\u00fcnk\u00fc \u00fcretim s\u0131\u00e7ramas\u0131 yapma potansiyeli olan pek \u00e7ok sekt\u00f6r nitelikli i\u015fg\u00fcc\u00fc bulam\u0131yor. T\u00fcrkiye\u2019nin nitelikli i\u015fg\u00fcc\u00fcne dayal\u0131 de\u011fil, niteliksiz i\u015fg\u00fcc\u00fcne dayal\u0131 bir i\u015fsizlik sorunu s\u00f6z konusu. Bu nedenle sekt\u00f6rlerin nitelikli i\u015fg\u00fcc\u00fc ihtiyac\u0131na dayal\u0131 bir kentsel \u00fcretim planlamas\u0131 gerekir.<\/span><\/p>  <p><span class=\"large\">Son bir nokta, hammadde ihtiyac\u0131n\u0131n kar\u015f\u0131lanmas\u0131. Almanya\u2019n\u0131n T\u00fcrkiye ile ili\u015fkileri germek ad\u0131na izledi\u011fi politika, d\u0131\u015f ticaret alan\u0131ndaki olas\u0131 s\u0131k\u0131\u015fmalar\u0131 yerli imkanlarla ikame edecek stratejiler \u00fczerinde \u00e7al\u0131\u015f\u0131lmas\u0131n\u0131 gerektiriyor. Bu nedenle yerli hammadde \u00fcretimine y\u00f6nelik yat\u0131r\u0131mlar\u0131n finansman\u0131na \u00f6ncelik vermek ak\u0131lc\u0131 bir strateji olabilir. Yerli hammadde navlunlar\u0131na te\u015fvik stratejisi de ihmal edilmemeli.<\/span><\/p>  <p><span class=\"large\"><strong>\u00c7\u00d6Z\u00dcM G\u00dc\u00c7L\u00dc SERMAYE P\u0130YASASINDA<\/strong><\/span><\/p>  <p><span class=\"large\">Reel sekt\u00f6r i\u00e7in \u00e7\u00f6z\u00fcm aray\u0131\u015flar\u0131m\u0131z s\u00fcrerken, bir yandan da T\u00fcrkiye i\u00e7in \u2018ekonomik ba\u011f\u0131ms\u0131zl\u0131k\u2019 m\u00fccadelesi veriyoruz. Bu m\u00fccadele, T\u00fcrk i\u015f d\u00fcnyas\u0131n\u0131n uluslararas\u0131 d\u00fczeyde ba\u015far\u0131l\u0131 projeler y\u00fcr\u00fcten holdinglerinden, \u015firketlerinden, en k\u00fc\u00e7\u00fck yerle\u015fim birimindeki esnaf\u0131m\u0131za kadar, bankalar\u0131m\u0131zdan arac\u0131 kurumlar\u0131m\u0131za kadar, topyek\u00fcn bir \u2018bilin\u00e7le\u2019 y\u00fcr\u00fct\u00fclemez ise i\u015fimizin hayli zor oldu\u011funun fark\u0131nday\u0131z. Bu nedenle reel sekt\u00f6r\u00fcn de \u00f6tesinde, finansal piyasalar\u0131m\u0131z\u0131 olu\u015fturan kurulu\u015flar\u0131n da, banka ve banka d\u0131\u015f\u0131 t\u00fcm finans kurumlar\u0131m\u0131z\u0131n elini ta\u015f\u0131n alt\u0131na koymas\u0131 gerekir. T\u00fcrk bankalar\u0131, bu bankalarda y\u00fcksek tutarl\u0131 mevduat\u0131 olan 50 bin civar\u0131ndaki mudi ve ekonomi y\u00f6netiminin birlikte y\u00fcr\u00fctecekleri bir s\u00fcre\u00e7 ile mevduat faiz oranlar\u0131n\u0131 <\/span><br><span class=\"large\"> 1-1.5 puan indirmemiz gerekir.<\/span><\/p>  <p><span class=\"large\">Y\u00fcksek tutarl\u0131 mevduat sahiplerinin bankalar\u0131, paralar\u0131n\u0131 \u00e7ekebilecekleri \u2018g\u00f6zda\u011f\u0131\u2019 ile y\u00fcksek mevduat faiz oran\u0131na bir anlamda zorlad\u0131klar\u0131 bir konjonkt\u00fcrden,Rekabet Kurulu\u2019na adreslenmeyecek bir metodoloji ile \u00e7\u0131kmal\u0131y\u0131z. Ancak t\u00fcm bu tart\u0131\u015fmalar, d\u00f6n\u00fcp dola\u015f\u0131p banka d\u0131\u015f\u0131 finansman imkanlar\u0131n\u0131n zay\u0131f olmas\u0131na tak\u0131l\u0131yor. <\/span><br><span class=\"large\"> T\u00fcrk halk\u0131n\u0131n 2 trilyon 200 milyar TL civar\u0131nda tasarrufu var. Bu tasarrufun 873 milyar TL\u2019si TL mevduat\u0131 ve kat\u0131l\u0131m hesab\u0131nda, 607 milyar TL\u2019si d\u00f6viz mevduat\u0131 ve kat\u0131l\u0131m hesab\u0131nda, 437 milyar TL\u2019si devlet i\u00e7 bor\u00e7lanma senetlerinde (Hazine bonosu, devlet tahvili), 108 milyar TL\u2019si hisse senetlerinde,<\/span><span class=\"large\">52 milyar TL\u2019si \u00f6zle sekt\u00f6r tahvillerinde, 11 milyar TL\u2019si eurobond\u2019larda (yurtd\u0131\u015f\u0131nda ihra\u00e7 edilmi\u015f T\u00fcrk tahvilleri), 50 milyar TL\u2019si menkul k\u0131ymet yat\u0131r\u0131m fonlar\u0131nda, 70 milyar TL\u2019si de bireysel emeklilik fonlar\u0131nda duruyor. Tasarruflar\u0131n y\u00fczde 67\u2019si mevduat. Mevduat ile ilgili tart\u0131\u015fman\u0131n bu kadar alevli olmas\u0131n\u0131n nedeni de bu.<\/span><\/p>  <p><span class=\"large\"><strong>YATIRIM ARA\u00c7LARI PAYI EN AZ Y\u00dcZDE 60 OLMALI<\/strong><\/span><\/p>  <p><span class=\"large\">Sermaye piyasas\u0131 yat\u0131r\u0131m ara\u00e7lar\u0131n\u0131n pay\u0131n\u0131n en az y\u00fczde 60 olmas\u0131 gerekirdi. Ekonomi y\u00f6netiminin mutlaka sermaye piyasas\u0131 ara\u00e7lar\u0131na tasarruf sahiplerinin daha yo\u011fun ilgi g\u00f6stermesine sa\u011flayacak her t\u00fcrl\u00fc \u00e7\u00f6z\u00fcm \u00fczerinde \u00e7al\u0131\u015fmas\u0131 gerekir. Menkul k\u0131ymet \u00e7e\u015fitlili\u011fini art\u0131rmaktan, daha fazla alt piyasa ve fon olu\u015fturmaya, vergi avantajlar\u0131na kadar her t\u00fcrl\u00fc imkan masada olmal\u0131. G\u00fc\u00e7l\u00fc bir sermaye piyasas\u0131 olmadan, reel sekt\u00f6r finansman\u0131na y\u00f6nelik s\u00fcrd\u00fcr\u00fclebilir bir \u00e7\u00f6z\u00fcm \u00fcretmek zor.<\/span><\/p>  \t\t\t\t","slug":"reel-sektor-icin-yeni-kaynak-ve-strateji","tags":"K\u00f6\u015fe Yaz\u0131s\u0131","meta_title":"Reel sekt\u00f6r i\u00e7in yeni kaynak ve strateji","meta_description":"Prof. Dr. Kerem Alkin","meta_keywords":"K\u00f6\u015fe Yaz\u0131s\u0131","news_cover_min":null,"news_cover":null,"news_video_min":null,"news_video":null,"view_count":104,"cropped_1200x675":null,"user":{"id":11,"name":"KEREM","surname":"ALK\u0130N","email":"irem05@daglaroglu.com","slug":"prof-dr-kerem-alkin","avatar":"\/front\/uploads\/avatar\/17336916000GNrERW0ucj2Ja7.webp","status":1,"role":1,"email_verified_at":null,"orde":null,"created_at":"2022-09-15T09:39:41.000000Z","updated_at":"2024-12-18T09:50:43.000000Z","seo_title":null,"seo_description":null},"translations":[{"id":17186,"is_featured":0,"is_amp":0,"is_ads":0,"ads_link":null,"post_id":17087,"locale":"tr","category_id":73,"title":"Reel sekt\u00f6r i\u00e7in yeni kaynak ve strateji","home_title":null,"sub_title":null,"slider_title":null,"slider_title_2":null,"slider_spot_title":null,"slider_spot_title_2":null,"subtitleuse":0,"description":null,"content":"  \t\t\t\t\t  \t\t\t\t\t<p><span class=\"large\">Reel sekt\u00f6rden gelen sinyaller, T\u00fcrkiye ekonomisinin lokomotifi konumundaki sekt\u00f6rlere y\u00f6nelik \u00fcretim stratejilerinin iyi modellenmesi halinde b\u00fcy\u00fcmenin daha da h\u0131zlanaca\u011f\u0131na i\u015faret ediyor. Bu s\u00fcre\u00e7te iki \u00f6nemli nokta \u00f6ne \u00e7\u0131k\u0131yor. Birincisi net ihracat\u0131n b\u00fcy\u00fcmeye katk\u0131s\u0131n\u0131 s\u00fcrd\u00fcr\u00fclebilir k\u0131lacak \u00f6l\u00e7\u00fcde, ihracat\u00e7\u0131lar\u0131m\u0131za ya\u011fan sipari\u015flerin \u00fcretime d\u00f6n\u00fc\u015fmesini sa\u011flayacak kapasiteleri olu\u015fturmak. \u0130kincisi ise bir \u00f6nceki noktayla da ba\u011flant\u0131l\u0131 olarak, k\u00fc\u00e7\u00fck at\u00f6lyelerden b\u00fcy\u00fck i\u015fletmelere, yat\u0131r\u0131mlar\u0131n canlanmas\u0131n\u0131 sa\u011flayacak planlama ve mekanizmalar\u0131 olu\u015fturmak gerekiyor. \u0130malat sanayinin hem \u00fcretim hem de istihdam a\u00e7\u0131s\u0131ndan \u00f6ne \u00e7\u0131kan sekt\u00f6rleri, \u00fc\u00e7 konuyu netle\u015ftirmek gayretinde. Birincisi \u00fcretimin finansman\u0131na y\u00f6nelik imkanlar nas\u0131l geli\u015ftirilecek; ikincisi kapasite art\u0131\u015f\u0131na ba\u011fl\u0131 olarak artacak istihdam ihtiyac\u0131 nas\u0131l kar\u015f\u0131lanacak ve \u00fc\u00e7\u00fcnc\u00fcs\u00fc hammadde ihtiyac\u0131n\u0131n kar\u015f\u0131lanmas\u0131na y\u00f6nelik s\u00fcre\u00e7ler nas\u0131l olu\u015fturulmal\u0131? Kredi Garanti Fonu arac\u0131l\u0131\u011f\u0131 ile reel sekt\u00f6re sa\u011flanan ba\u015far\u0131l\u0131 finansman deste\u011fi, kamu mali disiplini a\u00e7\u0131s\u0131ndan s\u00fcrd\u00fcr\u00fclebilir de\u011fil. <\/span><\/p>  <p><span class=\"large\">Bu nedenle yat\u0131r\u0131mlar\u0131n finansman\u0131na y\u00f6nelik ba\u015fka bir mekanizma olu\u015fturulmas\u0131 gerekiyor. Bu noktada, mega projelere y\u00f6nlendirilmi\u015f kredilere y\u00f6nelik menkul k\u0131ymetle\u015ftirme (VDMK) ad\u0131mlar\u0131 ile i\u015fletmelerin, at\u00f6lyelerin \u00fcretim kapasitesini art\u0131r\u0131c\u0131 hamlelerine kaynak olu\u015fturulabilir. Bunun yan\u0131 s\u0131ra sermaye piyasas\u0131 alan\u0131nda, yat\u0131r\u0131mlar\u0131n finansman\u0131na y\u00f6nelik ara\u00e7 \u00e7e\u015fitlendirilmesi imkanlar\u0131 ara\u015ft\u0131r\u0131lmal\u0131. D\u0131\u015f ticaretin finansman\u0131nda nas\u0131l ki Eximbank\u2019\u0131n rol\u00fc g\u00fc\u00e7lendiriliyor; ilk etapta Kalk\u0131nma Bankas\u0131\u2019n\u0131n imkanlar\u0131 da g\u00fc\u00e7lendirilmeli; KOB\u0130\u2019lerin daha fazla yararlanaca\u011f\u0131 kaynaklar olu\u015fturulmal\u0131. Bunun yan\u0131 s\u0131ra \u00e7evresel at\u0131klar a\u00e7\u0131s\u0131ndan minimum risk olu\u015fturan sekt\u00f6rler b\u00fcy\u00fck \u015fehirlerden uzakla\u015ft\u0131r\u0131lmamal\u0131. Bilhassa, haz\u0131r giyim ve konfeksiyon. \u00c7\u00fcnk\u00fc \u00fcretim s\u0131\u00e7ramas\u0131 yapma potansiyeli olan pek \u00e7ok sekt\u00f6r nitelikli i\u015fg\u00fcc\u00fc bulam\u0131yor. T\u00fcrkiye\u2019nin nitelikli i\u015fg\u00fcc\u00fcne dayal\u0131 de\u011fil, niteliksiz i\u015fg\u00fcc\u00fcne dayal\u0131 bir i\u015fsizlik sorunu s\u00f6z konusu. Bu nedenle sekt\u00f6rlerin nitelikli i\u015fg\u00fcc\u00fc ihtiyac\u0131na dayal\u0131 bir kentsel \u00fcretim planlamas\u0131 gerekir.<\/span><\/p>  <p><span class=\"large\">Son bir nokta, hammadde ihtiyac\u0131n\u0131n kar\u015f\u0131lanmas\u0131. Almanya\u2019n\u0131n T\u00fcrkiye ile ili\u015fkileri germek ad\u0131na izledi\u011fi politika, d\u0131\u015f ticaret alan\u0131ndaki olas\u0131 s\u0131k\u0131\u015fmalar\u0131 yerli imkanlarla ikame edecek stratejiler \u00fczerinde \u00e7al\u0131\u015f\u0131lmas\u0131n\u0131 gerektiriyor. Bu nedenle yerli hammadde \u00fcretimine y\u00f6nelik yat\u0131r\u0131mlar\u0131n finansman\u0131na \u00f6ncelik vermek ak\u0131lc\u0131 bir strateji olabilir. Yerli hammadde navlunlar\u0131na te\u015fvik stratejisi de ihmal edilmemeli.<\/span><\/p>  <p><span class=\"large\"><strong>\u00c7\u00d6Z\u00dcM G\u00dc\u00c7L\u00dc SERMAYE P\u0130YASASINDA<\/strong><\/span><\/p>  <p><span class=\"large\">Reel sekt\u00f6r i\u00e7in \u00e7\u00f6z\u00fcm aray\u0131\u015flar\u0131m\u0131z s\u00fcrerken, bir yandan da T\u00fcrkiye i\u00e7in \u2018ekonomik ba\u011f\u0131ms\u0131zl\u0131k\u2019 m\u00fccadelesi veriyoruz. Bu m\u00fccadele, T\u00fcrk i\u015f d\u00fcnyas\u0131n\u0131n uluslararas\u0131 d\u00fczeyde ba\u015far\u0131l\u0131 projeler y\u00fcr\u00fcten holdinglerinden, \u015firketlerinden, en k\u00fc\u00e7\u00fck yerle\u015fim birimindeki esnaf\u0131m\u0131za kadar, bankalar\u0131m\u0131zdan arac\u0131 kurumlar\u0131m\u0131za kadar, topyek\u00fcn bir \u2018bilin\u00e7le\u2019 y\u00fcr\u00fct\u00fclemez ise i\u015fimizin hayli zor oldu\u011funun fark\u0131nday\u0131z. Bu nedenle reel sekt\u00f6r\u00fcn de \u00f6tesinde, finansal piyasalar\u0131m\u0131z\u0131 olu\u015fturan kurulu\u015flar\u0131n da, banka ve banka d\u0131\u015f\u0131 t\u00fcm finans kurumlar\u0131m\u0131z\u0131n elini ta\u015f\u0131n alt\u0131na koymas\u0131 gerekir. T\u00fcrk bankalar\u0131, bu bankalarda y\u00fcksek tutarl\u0131 mevduat\u0131 olan 50 bin civar\u0131ndaki mudi ve ekonomi y\u00f6netiminin birlikte y\u00fcr\u00fctecekleri bir s\u00fcre\u00e7 ile mevduat faiz oranlar\u0131n\u0131 <\/span><br><span class=\"large\"> 1-1.5 puan indirmemiz gerekir.<\/span><\/p>  <p><span class=\"large\">Y\u00fcksek tutarl\u0131 mevduat sahiplerinin bankalar\u0131, paralar\u0131n\u0131 \u00e7ekebilecekleri \u2018g\u00f6zda\u011f\u0131\u2019 ile y\u00fcksek mevduat faiz oran\u0131na bir anlamda zorlad\u0131klar\u0131 bir konjonkt\u00fcrden,Rekabet Kurulu\u2019na adreslenmeyecek bir metodoloji ile \u00e7\u0131kmal\u0131y\u0131z. Ancak t\u00fcm bu tart\u0131\u015fmalar, d\u00f6n\u00fcp dola\u015f\u0131p banka d\u0131\u015f\u0131 finansman imkanlar\u0131n\u0131n zay\u0131f olmas\u0131na tak\u0131l\u0131yor. <\/span><br><span class=\"large\"> T\u00fcrk halk\u0131n\u0131n 2 trilyon 200 milyar TL civar\u0131nda tasarrufu var. Bu tasarrufun 873 milyar TL\u2019si TL mevduat\u0131 ve kat\u0131l\u0131m hesab\u0131nda, 607 milyar TL\u2019si d\u00f6viz mevduat\u0131 ve kat\u0131l\u0131m hesab\u0131nda, 437 milyar TL\u2019si devlet i\u00e7 bor\u00e7lanma senetlerinde (Hazine bonosu, devlet tahvili), 108 milyar TL\u2019si hisse senetlerinde,<\/span><span class=\"large\">52 milyar TL\u2019si \u00f6zle sekt\u00f6r tahvillerinde, 11 milyar TL\u2019si eurobond\u2019larda (yurtd\u0131\u015f\u0131nda ihra\u00e7 edilmi\u015f T\u00fcrk tahvilleri), 50 milyar TL\u2019si menkul k\u0131ymet yat\u0131r\u0131m fonlar\u0131nda, 70 milyar TL\u2019si de bireysel emeklilik fonlar\u0131nda duruyor. Tasarruflar\u0131n y\u00fczde 67\u2019si mevduat. Mevduat ile ilgili tart\u0131\u015fman\u0131n bu kadar alevli olmas\u0131n\u0131n nedeni de bu.<\/span><\/p>  <p><span class=\"large\"><strong>YATIRIM ARA\u00c7LARI PAYI EN AZ Y\u00dcZDE 60 OLMALI<\/strong><\/span><\/p>  <p><span class=\"large\">Sermaye piyasas\u0131 yat\u0131r\u0131m ara\u00e7lar\u0131n\u0131n pay\u0131n\u0131n en az y\u00fczde 60 olmas\u0131 gerekirdi. Ekonomi y\u00f6netiminin mutlaka sermaye piyasas\u0131 ara\u00e7lar\u0131na tasarruf sahiplerinin daha yo\u011fun ilgi g\u00f6stermesine sa\u011flayacak her t\u00fcrl\u00fc \u00e7\u00f6z\u00fcm \u00fczerinde \u00e7al\u0131\u015fmas\u0131 gerekir. Menkul k\u0131ymet \u00e7e\u015fitlili\u011fini art\u0131rmaktan, daha fazla alt piyasa ve fon olu\u015fturmaya, vergi avantajlar\u0131na kadar her t\u00fcrl\u00fc imkan masada olmal\u0131. G\u00fc\u00e7l\u00fc bir sermaye piyasas\u0131 olmadan, reel sekt\u00f6r finansman\u0131na y\u00f6nelik s\u00fcrd\u00fcr\u00fclebilir bir \u00e7\u00f6z\u00fcm \u00fcretmek zor.<\/span><\/p>  \t\t\t\t","slug":"reel-sektor-icin-yeni-kaynak-ve-strateji","orjinalimage":null,"news_cover_min":null,"news_cover":null,"news_video_min":null,"news_video":null,"cropped_638x552":null,"cropped_310x208":null,"cropped_416x247":null,"cropped_197x247":null,"cropped_416x600":null,"cropped_1200x675":null,"tags":"K\u00f6\u015fe Yaz\u0131s\u0131","meta_title":"Reel sekt\u00f6r i\u00e7in yeni kaynak ve strateji","meta_description":"Prof. Dr. Kerem Alkin","meta_keywords":"K\u00f6\u015fe Yaz\u0131s\u0131","view_count":104,"yt":0,"ytid":"","ytimage":null,"imgdate":"2000-01-01 00:00:00","cuff_cover":null,"cropped_358x214":null,"cropped_842x474":null}]}}