A study to fi̇x the reasons for forei̇gn exchange credi̇ts i̇n fi̇nanci̇ng busi̇nesses

In this study, long-term loans from abroad between 2002 and 2017, businesses operating in Turkey aims to examine why preference. For this purpose, multiple linear regression analysis and stepwıse regression analysis were performed in SPSS 22.0 package program. In the regression analysis, the percentage change of long-term loans provided by the private sector from abroad was included as a dependent variable. The independent variables, which are thought to affect the dependent variable, are the Public Net Debt Stock to the Gross National Product, the VIX Index, which is known as the Chicago Option Exchange Volatility Index, the Consumer Price Index and the CPIBased Real Effective Exchange Rate. It was checked whether the basic assumptions of the regression analysis were provided. When it was understood that necessary assumptions were made, multiple linear regression analysis was performed. According to the results of the analysis, no statistically significant relationship was found between the long-term external loan preference of the private sector and the ratio of Public net debt stock to Gross National Product. A statistically significant relationship was found between the long-term foreign loan preference of the private sector and the Consumer Price Index, as compared to the expectations, with a statistically significant negative relationship, a statistically significant negative relationship with the VIX Index and finally the Real Effective Exchange rate. In the regression analysis, the test values and regression coefficients of the model will change with the emergence of one independent variable. In order to find the original regression equation, independent variables which have no significant effect on the dependent variable were subtracted and a second regression analysis was performed according to stepwıse method. According to the results of the analysis, it was found that the VIX Index was the most significant variable among private sector's long-term foreign loan preferences among the VIX Index, Consumer Price Index and Real Effective Exchange Rate. As a result of the analysis, a statistically significant negative correlation was found between the long-term foreign loan preference of the private sector and the VIX Index.