Determinants of Capital Structure: Empirical Evidence from Manufacturing Firms Listed on BIST

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dc.authoridISIK, Ozcan/0000-0003-2230-8738
dc.authoridERSOY, ERSAN/0000-0003-4079-2834
dc.contributor.authorIsik, Ozcan
dc.contributor.authorErsoy, Ersan
dc.date.accessioned2024-10-26T18:00:35Z
dc.date.available2024-10-26T18:00:35Z
dc.date.issued2021
dc.departmentSivas Cumhuriyet Üniversitesi
dc.description.abstractIn this study, we analyze the impact of firm-level determinants on the capital structure decisions of Turkish publicly traded firms operating in the manufacturing sector over the period from 2010 to 2019, and we also investigate whether this impact is particularly associated with firm size and level of debt. Panel regression results based on the Driscoll-Kraay procedure imply that firm-specific variables selected within the framework of two dominant theories of capital structure play critical roles in explaining the changes in borrowing behaviors of the firms. Moreover, our empirical results reveal that the impact of the firm-level variables on capital structure varies over different groups of firms.
dc.identifier.doi10.17153/oguiibf.974459
dc.identifier.endpage855
dc.identifier.issn1306-6730
dc.identifier.issue3
dc.identifier.startpage842
dc.identifier.trdizinid1132672
dc.identifier.urihttps://doi.org/10.17153/oguiibf.974459
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/1132672
dc.identifier.urihttps://hdl.handle.net/20.500.12418/27761
dc.identifier.volume16
dc.identifier.wosWOS:000725872800013
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakTR-Dizin
dc.language.isoen
dc.publisherEskisehir Osmangazi Univ, Fac Education
dc.relation.ispartofEskisehir Osmangazi Universitesi Iibf Dergisi-Eskisehir Osmangazi University Journal of Economics and Administrative Sciences
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectCapital Structure
dc.subjectTurkish Manufacturing Sector
dc.subjectTrade-off Theory
dc.subjectPecking Order Theory
dc.subjectLeverage
dc.titleDeterminants of Capital Structure: Empirical Evidence from Manufacturing Firms Listed on BIST
dc.typeArticle

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