The determinants of capital structure decisions: new evidence from Turkish companies
dc.authorid | 0000-0002-8282-6337 | |
dc.contributor.author | Güner, Ayşegül | en_US |
dc.date.accessioned | 2023-03-31T07:53:23Z | |
dc.date.available | 2023-03-31T07:53:23Z | |
dc.date.issued | 2016 | |
dc.department | Işık Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, İşletme Bölümü | en_US |
dc.department | Işık University, Faculty of Economics and Administrative Sciences, Department of Management | en_US |
dc.description.abstract | This study conducts a comparative test of trade-off theory and pecking order theory using 131 publicly traded Turkish companies' firm-level data between 2008 and 2014. The study also tries to exploit the differences between the capital structure decisions for various degrees of free float rate and foreign paid in capital, and for those that have various market values. According to the empirical results, although pecking order theory seems to better describe the capital structure of the firms, some of the determinants are suitable for trade-off theory. The results of the study also reveal that companies that have a free float rate between % 50 and % 75 have lower degrees of leverage and the degree of leverage varies for different market values of companies. | en_US |
dc.description.version | Publisher's Version | en_US |
dc.identifier.citation | Güner, A. (2016). The determinants of capital structure decisions: new evidence from Turkish companies. Paper presented at the 5th Istanbul Conference of Economics and Finance, 38, 84-89. doi:10.1016/S2212-5671(16)30180-0 | en_US |
dc.identifier.endpage | 89 | |
dc.identifier.issn | 2212-5671 | |
dc.identifier.startpage | 84 | |
dc.identifier.uri | https://hdl.handle.net/11729/5462 | |
dc.identifier.uri | http://dx.doi.org/10.1016/S2212-5671(16)30180-0 | |
dc.identifier.volume | 38 | |
dc.identifier.wos | WOS:000386630100010 | |
dc.identifier.wosquality | N/A | |
dc.indekslendigikaynak | Web of Science | en_US |
dc.indekslendigikaynak | Conference Proceedings Citation Index – Social Science & Humanities (CPCI-SSH) | en_US |
dc.institutionauthor | Güner, Ayşegül | en_US |
dc.institutionauthorid | 0000-0002-8282-6337 | |
dc.language.iso | en | en_US |
dc.peerreviewed | Yes | en_US |
dc.publicationstatus | Published | en_US |
dc.publisher | Elsevier Science B.V. | en_US |
dc.relation.ispartof | 5th Istanbul Conference of Economics and Finance | en_US |
dc.relation.publicationcategory | Konferans Öğesi - Uluslararası - Kurum Öğretim Elemanı | en_US |
dc.rights | info:eu-repo/semantics/closedAccess | en_US |
dc.subject | Economic growth | en_US |
dc.subject | Development index | en_US |
dc.subject | Development indicator | en_US |
dc.subject | Harmonic index | en_US |
dc.subject | Corporate | en_US |
dc.subject | Information | en_US |
dc.subject | Investment | en_US |
dc.title | The determinants of capital structure decisions: new evidence from Turkish companies | en_US |
dc.type | Conference Object | en_US |
dspace.entity.type | Publication |
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