Borsa İstanbul’da İşlem Gören İmalat Sanayi Şirketlerinin Sermaye Yapılarının Firmaya Özgü Belirleyicileri

Nida Abdi̇oğlu and Devran Deni̇z

Sosyoekonomi Journal, 2015, issue 23(26)

Abstract: This paper investigates the factors that determine the capital structure of the manufacturing industry firms that are listed in BİST between the period 2009 and 2013. We use the data for 188 firms that are included in sub sectors of manufacuring industry. These sectors are food-beverage-tobacco, textile-wearing apparel-leather, paper and paper products-printing-publishing, chemicals-petroleum rubber-plastic products, nonmetalic mineral products, basic metal industries, fabricated metal products-machinery-equipment, wood products including furniture. We use the ratio of total debt to total liabilities as a proxy for capital structure. We also use random effect panel regression to run our analyses. Our findings indicate consistent results with pecking order theory.

Keywords: Capital Structure; Pecking Order Theory; Static Trade-off Theory; Panel Data Analysis. (search for similar items in EconPapers)
JEL-codes: G30 G32 (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
http://dergipark.gov.tr/download/article-file/197839

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sos:sosjrn:150412

Access Statistics for this article

More articles in Sosyoekonomi Journal from Sosyoekonomi Society Cihan St. 27/7 06430 Sihhiye Ankara Turkey.
Bibliographic data for series maintained by Aysen Sivrikaya ().