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GS

Prof. Dr.

Güven SAYILGAN

Finance · Academia · Real World

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    • Academic

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      • Publications
        • My Books
          • Pricing and Fund Management in Banking
          • Finance for Entrepreneur Engineers
          • Commentary on Company Law (TTK md. 124–644)
          • Corporate Finance in Questions and Answers
          • Care, Cleaning and Health Sector
          • Stock Market Indices
          • Financial Markets and Financing Techniques
          • TMS-17 Leases — Application Guide
          • Globalisation, the EU and New Horizons in the Accounting Profession
          • 20th Turkish Accounting Education Symposium
          • Portfolio Management
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      • Supervision
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    • Courses

      • Undergraduate
        • Corporate Finance
        • Financial Management
      • Graduate
        • Corporate Finance
        • Financial Management
        • Financial Management (Banking Programme)
        • Derivatives Markets
        • Securitization
        • Enterprise Valuation
      • Doctorate
        • Applied Corporate Finance
    • Qualifications

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    • Media

      • Videos
        • Fundamental Approaches to Financial Management — Webinar
        • Interpreting Financial Statements from the Partners’ Perspective — Training
        • Essential Concordat Knowledge for Businesspeople
        • Effects of the Pandemic Crisis on Corporate Financial Management
  • Calculation Tools
  • Writings
    • Borrowing and Financing

      • While the World Plays 3-5-8, What Is Türkiye Doing?
      • What Do Cash Flow Available for Debt Service (CFADS) and the Debt Service Coverage Ratio (DSCR) Mean?
      • How Much Can a Company Borrow?
      • What Is a Real and Sustainable Tax Shield?
      • How Is the After-Tax True Cost of Financing Measured?
      • Why Did Debt Become More Expensive than Equity in Some Periods in Türkiye?
      • Is the Credit Interest Rate of Turkish Companies Determined in New York and Tokyo?
      • The Hidden Rules of Getting Bank Credit
      • Financial Flexibility and Financing Constraints: An Assessment from the Literature to the Turkish Context
      • How Should Firms Be Financed in a High-Interest Environment? 15 Core Principles
      • Is Growth Always Good?
      • Leverage Degrees in Firms and Sector-Specific Warning Points for CFOs
      • Reasonable Return on Interest and the Exploitation of the Debtor
      • A Brief Historical Perspective on Interest
      • Explanatory Notes on Interest Rate Concepts

      Cash Flow and Working Capital

      • What Is Cash Pooling?
      • The Working-Capital Illusion: Growing Sales While Going Broke
      • Thirteen-Week Rolling Cash Budget
      • What Does Ageing of Receivables Mean?
      • When Do Firms in Türkiye Experience Cash Squeezes Most Often?
      • The Core Messages of Financial Statements for Entrepreneurs

      Financial Risk and Resilience

      • The Foreign-Exchange Position Table and Its Use in Currency-Risk Management
      • How Can One Tell Whether the Exchange Rate Is High or Low?

      Macroeconomics and the CFO

      • While the World Plays 3-5-8, What Is Türkiye Doing?
      • What Is the “Equilibrium” TL/USD Exchange Rate for Türkiye Today?
      • Using Global Commodity and Energy Prices in Financial Management Decisions
      • Using the Current Account Balance and Foreign Trade Data in Financial Management Decisions
      • Using GDP Growth, the Industrial Production Index and Manufacturing Capacity Utilization in Financial Management Decisions
      • The Place of CPI, Domestic PPI and Inflation Expectations in Financial Management
      • The Importance of the Real Effective Exchange Rate from a Financial Management Perspective
      • The Role of USD/TRY, EUR/TRY and the Real Effective Exchange Rate in Corporate Financial Management Decisions in Türkiye
      • The Financial Manager Should Evaluate the CBRT Policy Rate, Commercial Loan Rates and Bank Credit Conditions Together
      • The Head Coach's Macro Starting Eleven: Essential Macro Indicators on the Screen
      • The Head Coach's Micro Starting Eleven: Essential Tools in the Financial Toolkit
      • The CFO in the Dugout, the Company on the Pitch, Eyes on the Indicators…

      Company Valuation and Financial Modelling

      • The Bridge Effect in Price Determination Reports
      • Points to Consider When Preparing Price Determination Reports
      • Can Forward-Looking EBITDA Be an Appropriate Choice in Company Valuations?
      • Challenges in Determining Company Value in Türkiye
      • How Should the “Exit Share Price” Be Calculated under TCC Art. 531?
      • An Exceptional Remedy Protecting Minority Shareholders against Persistent and Serious Abuse by the Majority: the “Exit Share Price”

      Capital Markets and Investors

      • Do Retail Investors Create the Market Conditions for Large Investors?
      • Why Did the CMB Restrict Large Shareholders’ Share Sales?
      • CDS Spreads vs Credit Ratings
      • Credit Ratings & Debt Servicing Capacity

      Financial Management and Financial Thinking

      • The Four Seasons of Finance: A Cyclical Metaphor
      • Why Finance Is Not Only for Finance Professionals
      • Would Finance Exist Without Money?
      • Fraudsters Draw Their Energy from Greed
      • A Strategic Perspective on Financial Management for Young Certified Public Accountants
      • Resolving Intergenerational Conflicts: A Case Study
      • They Asked a Finance Professor: “How Can I Get Rich?”
      • If Expected Lifespan Reaches 100 Years, How Does Personal Finance Theory Change?
      • Why Is Corporate Institutionalization Difficult for Firms in Türkiye?

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      • On the Distance Between Theory and Practice
      • Why Did I Want to Share My Writings With You?
      • Petrol prices fell 35% in three years — so why did gasoline prices drop only 4%?

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      • In Memory of Prof. Dr. Yüksel Koç Yalkın
      • Respect and Gratitude

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    • Data
    • CFO
    Contact
    • Postal Address

      Prof. Dr. Güven SAYILGAN
      Ankara Üniversitesi Siyasal Bilgiler Fakültesi
      İşletme Bölümü, Muhasebe ve Finansman Anabilim Dalı
      06590 Cebeci, Çankaya / Ankara

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    Courses

    Undergraduate, graduate and doctoral course outlines.

    Undergraduate

    Corporate Finance

    Course outline →

    Financial Management

    Course outline →

    Graduate

    Corporate Finance

    Course outline →

    Financial Management

    Course outline →

    Financial Management (Banking Programme)

    Course outline →

    Derivatives Markets

    Course outline →

    Securitization

    Course outline →

    Enterprise Valuation

    Course outline →

    Doctorate

    Applied Corporate Finance

    Course outline →
    GS

    Prof. Dr.

    Güven SAYILGAN

    Finance · Academia · Real World

    Finance that turns knowledge into decisions.

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    Postal Address

    Prof. Dr. Güven SAYILGAN
    Ankara Üniversitesi Siyasal Bilgiler Fakültesi
    İşletme Bölümü, Muhasebe ve Finansman Anabilim Dalı
    06590 Cebeci, Çankaya / Ankara

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